People who bought #BTC in 2010 had to endure a 93% drawdown in 2011, when it fell from $30 to $2; a sharp drop after the Mt. Gox collapse in 2014; an 84% drawdown in 2018, when it fell from 20,000 to 3,000; and a 77% drawdown in 2022, when it fell from 69,000 to 16,000.
The difficulty of holding it isn’t in deciding whether it will go up. It’s in whether, during each major selloff, you can still persuade yourself not to sell.
The difficulty of holding it isn’t in deciding whether it will go up. It’s in whether, during each major selloff, you can still persuade yourself not to sell.
