The Dip Is A Sale

You have to believe in it, right? Crypto, that is. You have to believe in it. I keep on reminding people of a couple things when it comes to this market. It's youth, and the strong belief by those who are in it that it is the future. Not might be. But is.

Look, I have my doubts that crypto can or ever will replace fiat. Whether or not that is reality or my own convoluted viewpoint doesn't matter. What matters is what you think about it, and what others think about it.

The youth part is a very important one to consider as you now sit down to decide what to do next after a major dip in the markets such as we had today. We are talking about something that is only 12-years old, folks. It's young. It's in its infancy. It's still wetting and soiling itself in diapers when you compare it to other things like fiat itself or the stock market.

What does that mean?

If we are going to proclaim that crypto is the future; I mean, if we are going to say with a straight face that it's the one thing out there that changes the world and ends the power and might of fiat forever and beyond, none of us has any business being weary nor distressed over the current dip.

Because the reality is that if 12 years into this thing today is it—done, finished, kaput—it (crypto) never was anything at all.

The thing I am trying to say here is that you cannot have your cake and eat it too. You can't in one excited breath after a pump tell me that crypto is going to the moon and beyond and is going to erase fiat from the face of the earth, and yet at the same time, at the first sign of trouble tell me to be cautious.

Imagine that you were invested in the stock market in 1929 just before the big crash. The DOW was sitting at 382 in September, and the stock market was roaringly good. In October the markets crashed big time, then a whopping 21% in a day, dropping the DOW to 300. By November it was down to 200.

Anyone during that time might have seen this as the end of the world, and the end of the stock market having any future value. And many believed just that. Some jumped to their deaths from tall buildings from the fallout of lost fortunes, feeling hopeless about their future prospects.

For them, that was it. It was over. Done. Finished. Kaput.

Thinking the opposite, and buying into the crash and past it at that time was the best idea there was. Because the stock market was not dead. It was not done. It was not finished. It was not kaput.

And neither is the crypto market if you believe that one day you will absolutely be able to walk into Walmart and pay for what's in your shopping cart with BTC, or BCH, or some other cryptocurrency.

If you had begun buying stocks in November of 1929, in a few short years you'd have made millions of dollars.

Conversely, had many of the investors of that time simply held on for dear life all the way down to 200, and then bought into the crash, they would not have needed to jump to their deaths in fear of lost fortunes. They'd have doubled and tripled their investments. They'd have become richer than they ever could have imagined.

The main point here is that regardless of what markets do, if we believe in something, and can figure out workarounds, and if we can see and understand opportunities, we can build futures on that. If our long term view is positive, then who gives a damn what happens in the short term?

Looking again at the stock market one thing is true, and has never not been true. It doesn't matter how much it ever falls, it always comes back higher than it was before the fall occurred.

In November of 1929 the DOW fell to 200 points. Today the DOW is at 34,899 points. In 92 years the DOW has increased 17,350% in value. We may look at BTC at $54,000 today. But if BTC did only what the DOW did, in 92 years it might be worth $1 million.

There are some who say $1 million is achievable in 10 years or less.

If you are among those who believe this. That BTC will have a $1 million value in 10 years or less. Put away your pouty face and doubts, get out your wallet, and start buying the dip. Because at the end of the day, if the $1 million thing is coming, this is not a dip at all.

It's a discount.

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