Today is February 5, 2025. At the time of writing this article, the price of Bitcoin is $100,600. Even after experiencing significant negative factors such as Trump's tariffs, Bitcoin has still strongly rebounded after its decline. One fan privately messaged me, saying that when Bitcoin dropped to $92,000, he panicked and sold his Bitcoin. Now, he is watching Bitcoin rise back to $100,000 and wants to buy back in, feeling very pained and asking me what to do. I believe that fans who have been following me closely must have experienced similar situations. Therefore, I would like to offer a little insight for all those who are confused. There is a classic saying in the cryptocurrency world: A person needs three bull markets in their lifetime to become wealthy. The first round is paying tuition, the second round is gaining experience, and the third round is making big money. This saying may really be understood only by Bitcoin veterans like me. The moment everyone enters the cryptocurrency space, there is an illusion: I'm buying Bitcoin right now at a low point, and I’m going to make money! So they invest all their money. But is it really so? Is buying Bitcoin at $100,600 the lowest point after February 5, 2025? It might be, but the greater probability is that it is not. Can you really bear the market's decline when you enter this market? I think many people are not prepared to enter this market at all. Historically, Bitcoin has experienced countless surges and declines; can you really handle the emotional rollercoaster? I believe that those who have not experienced market cleansing cannot endure the emotional gap. If you sold Bitcoin on February 3 when it dropped to $94,000, although it briefly fell to $92,000 or even $91,000, if you didn't immediately buy back your Bitcoin, once Bitcoin exceeds $94,000 and you buy back, your Bitcoin quantity will decrease. Therefore, I give everyone a suggestion: if you are a spot Bitcoin investor, you should use Bitcoin as your unit of account, not fiat currency. For example, if you bought 0.01 BTC for $100,000, when Bitcoin drops to $90,000, you should think this way: I have not lost my Bitcoin; I still have 0.01 BTC. This way, you will not have a huge mental gap. On the contrary, I would feel very fortunate that I bought my Bitcoin with fiat money at a 10% discount, and after buying, my Bitcoin quantity increased. This mindset can help you go further in this restless world. There are many famous OGs in Bitcoin, among whom I particularly admire two people: one is Michael Saylor, the CEO of MicroStrategy. The other is Nayib Bukele, the current president of El Salvador. These two individuals are destined to be recorded in the annals of Bitcoin history. They both bought Bitcoin in the last bull market, and during the bear market, countless people mocked them, but they remained unfazed and continued to buy Bitcoin. In the end, during this bull market, they became legendary figures, and those who mocked them turned into admirers. Some attribute their success to their use of the DCA strategy, which is consistent dollar-cost averaging. I believe that from an investment technique perspective, it is indeed a DCA strategy, but in reality, their success is also due to their mindset. In 2021, they bought Bitcoin at the original price of $60,000; when Bitcoin dropped to $18,000 in 2022, it was actually at a 70% discount. When Bitcoin rose back to $30,000 in 2023, it was like going from a 70% discount to a 50% discount. When Bitcoin rose back to $60,000 in 2024, there was no discount at all. Regardless of how Bitcoin fluctuates, will the quantity of Bitcoin they have already purchased change? No, so what does the rise and fall of that number matter? I hope this little mindset help can be beneficial to you who are reading this.
