disruptvestor on Nostr: Are you early to Bitcoin? Being early or late is a function of your time-of-entry ...
Are you early to Bitcoin?
Being early or late is a function of your time-of-entry relative to the expected lifespan of an asset. Often, there is too much focus on the former and not enough on the latter.
If #Bitcoin becomes what we all expect it to be (a widely accepted superior asset to preserve our economic energy) - then the difference between buying BTC for e.g. in 2019 vs. 2023 will not be significant.
Instead of focusing on the last 15 years, there is merit in thinking of its total expected lifespan and simply DCAing into Bitcoin.
In a capitalistic world, it pays to have a bias towards the forces of Creative Destruction, where new technologies erode the older ones in pursuit of growth and progress.
If you believe in the forces of Creative Destruction, you are early. If not, sorry this ship has sailed.
Being early or late is a function of your time-of-entry relative to the expected lifespan of an asset. Often, there is too much focus on the former and not enough on the latter.
If #Bitcoin becomes what we all expect it to be (a widely accepted superior asset to preserve our economic energy) - then the difference between buying BTC for e.g. in 2019 vs. 2023 will not be significant.
Instead of focusing on the last 15 years, there is merit in thinking of its total expected lifespan and simply DCAing into Bitcoin.
In a capitalistic world, it pays to have a bias towards the forces of Creative Destruction, where new technologies erode the older ones in pursuit of growth and progress.
If you believe in the forces of Creative Destruction, you are early. If not, sorry this ship has sailed.