There was a time when we all pray for Bitcoin to be accepted, to stop being attack by governments, and to reach new heights. Back then, we wanted:
1. Government to stop fighting Bitcoin: Today we have Bitcoin presidents (Bukele and Trump)
2. Bitcoin to be legalized: Today bitcoin is a legal tender in El Salvador.
3. Bitcoin to be recognize by institutions: Today, we have Bitcoin ETF and even USA is keeping Bitcoin reserve.
4. Bitcoin to reach new all time high → Now, Bitcoin have pass $100,000.
Everything we wished for is happening, yet many people still find reason to complain. Some say, Bitcoin is too expensive now or Institutions are ruining it. But was mass adoption not always the goal?
Are we just naturally never satisfied, or is there something else?
Humans can never be fully satisfied. For example, some individuals bought Bitcoin at very high prices and are now hoping for even higher values so they can make a profit. Someone who purchased Bitcoin at $80,000 may find it unwise to sell it for just $84,000.
As a crypto investor, it's not just about buying Bitcoin whenever you feel like it; timing is crucial. Understanding the charts is more important than anything else when deciding when to buy and sell.
To be a successful buyer, you need to comprehend the market trends and know the right moments to enter and exit. However, some investors are driven by greed; for instance, someone who bought in at $15,000 might aim for $200,000 before considering taking any profits.
While the legal status of Bitcoin and its acceptance as legal tender may not concern everyone, most people are primarily focused on making profits. Ultimately, the aspiration for Bitcoin's future is appealing, but the primary motivation for many investors is to make money.