Leigh Gant on Nostr: Some folks love to point and laugh when Bitcoin drops, like they’re suddenly the ...
Some folks love to point and laugh when Bitcoin drops, like they’re suddenly the smartest person in the room.
But here’s a reality check: charging a premium to basically hug the index isn’t exactly a lofty pulpit to preach from.
And the irony?
Most of those “active managers” end up crying harder than anyone else when they fail to beat the benchmark they’re pretending to stray from.
All assets fluctuate—some more violently than others. That’s just how markets work.
Zoom out on equities, property, gold, or even Bitcoin, and you’ll often see an upward trend over the long haul. Mocking someone who’s invested in something that’s temporarily down doesn’t make you brilliant; it just shows you might be missing the bigger picture (or the fact that you probably wish you’d bought Bitcoin at $5 or loaded up on Sydney property a decade ago).
So if you’re going to charge top dollar and still play it safe by hovering near the index, maybe don’t get too smug about someone else’s short-term losses. Respect the volatility—or embrace it.
Either way, quit acting like a dip is proof of your superiority.
But here’s a reality check: charging a premium to basically hug the index isn’t exactly a lofty pulpit to preach from.
And the irony?
Most of those “active managers” end up crying harder than anyone else when they fail to beat the benchmark they’re pretending to stray from.
All assets fluctuate—some more violently than others. That’s just how markets work.
Zoom out on equities, property, gold, or even Bitcoin, and you’ll often see an upward trend over the long haul. Mocking someone who’s invested in something that’s temporarily down doesn’t make you brilliant; it just shows you might be missing the bigger picture (or the fact that you probably wish you’d bought Bitcoin at $5 or loaded up on Sydney property a decade ago).
So if you’re going to charge top dollar and still play it safe by hovering near the index, maybe don’t get too smug about someone else’s short-term losses. Respect the volatility—or embrace it.
Either way, quit acting like a dip is proof of your superiority.