Waiting, WAITing, and more WAITING. Welcome to investing!

Waiting, waiting, and more waiting. Welcome to investing. If you're like me, you get impatient sometimes when you are waiting for the price of Bitcoin to do all of the amazing things that you know it can and that you've seen it do, but it hasn't done super recently. Now, Bitcoin did set a new all-time high literally 36 days ago. So, anybody who's impatient, literally 36 days ago, Bitcoin set a new all-time high. But that all-time high was not that much higher than the previous all-time high, which was not that much higher than the previous one before that. And we first crossed into the six figures late last year. So, we're not that much above the price 12 months ago. So, it absolutely can feel like you're waiting and waiting and waiting for Bitcoin to do all of the amazing things that it was uh is capable of and that you know it can. So, what do you do when you're waiting? Well, first of all, go do something else. Well, if the price is down, buy more Bitcoin. But once you're completely maxed and you can't possibly buy more Bitcoin, then just go do something else and ignore the price. That's literally how you invest in anything else. You don't sit there watching your 401k every single day or your IRA every single day or your stock market portfolio every single day. It will drive you crazy. So, go do something else and let time uh pass. The money in investing is made in the waiting. Now, there's another unfortunate downside to the way that Bitcoin rewards the waiting, which is it tends to go sideways for a long period of time, 8 months or more, and then make a big run up and then go sideways for a really long time. So, if you have a ton of capital committed to Bitcoin, as I do with literally 100% of my liquid assets in Bitcoin, then when it makes a huge run up of 50%. Then you're happy for a little while. But like everything, the dopamine rush of feeling like, "Wow, I'm much wealthier than I was, that wears off really quickly." And then you have to wait because then it takes another 8 months or however long for the python to digest the pig and for the marketplace to get used to a new altitude and to be able to go much higher. So, the same thing will happen here. Right now, the Bitcoin market is relatively calm. Uh, everything's sort of chill. And what's going to happen is there's a lot of people that are not buying more Bitcoin right now because it hasn't gone on a big run recently. And when it does not go on a big run recently, people start thinking maybe it won't. People start losing interest. They start way, you know, falling off. People say, "Well, why would I buy more Bitcoin if it's not really doing anything?" Well, the answer is because under the surface, it's doing everything. The everything that it's doing is just not reflected in the price right now. For example, today, literally today, November 11, Cash App, uh, or Square, I should say, the company that is behind the Cash App payments and the Square mobile uh, payment terminals is turning on the ability for merchants to accept Bitcoin as payments. Literally, that happens today for 4 million merchants in the United States. Now, it will take them some time for each of them to manually turn on the capability to accept Bitcoin. they can choose whether to receive in the form of bitcoin even if it's paid in the form of bitcoin to receive in the form of bitcoin or in the form of US dollars or whatever other payment they can choose that um they can choose to have a certain amount of their total uh receipts in bitcoin even if they are paid in US dollars all of that turns on today uh also just last week or this week bit key rolled out completely private payments where unless you're doing a recovery process process with Bit Key servers, you uh the Bit Key servers and the company have no idea any of your transaction history or anything like that, which is really incredible. So, all behind the scenes, all of the amazing things that make Bitcoin amazing are all happening. It's just not reflected in the price. So, here's what's going to happen. The price at some point, maybe it's tomorrow, maybe it's next week, maybe it's next month, maybe it's next year, will quickly go from $103,000 to $153,000. Now, with 21 million Bitcoin total, that means every $50,000 price move adds a trillion dollar of additional market capitalization to all the Bitcoin that exists in the world. Every $50,000 is a trillion dollars. So, at a price of about a hundred thou $100,000 per coin, Bitcoin is about a $2 trillion asset. If it goes to $150,000 per coin, it's about a $3 trillion asset. So, what's going to happen is we're going to zoom from 103 to 153. Everybody's going to be all excited and their enthusiasm is going to cause them to buy a bunch more Bitcoin after that happens. Now, what is the problem with waiting until after a huge price run to buy a bunch more Bitcoin? The problem is you're staring watching paint dry. You bought the Bitcoin before the price rise. So, that me means, sorry, after the price rise rises. So that means you have to stare and watch paint dry for eight months or more while the marketplace digests that epic move of additional trillion dollars being added to Bitcoin's price. The problem is if you buy after that move then instead of enjoying that 8 months feeling like you're up 50% on your investment, you're staring at your investment while it bounces around wondering why you did it. Because you bought after the big price move rather than before. And as a result, uh, instead of being up on your investment and feeling great about it for eight months, you're staring at your portfolio for eight solid months thinking, "What did I do? I must have made a mistake. Bitcoin's not doing anything. It's going to be permanently stuck at 153,000 a coin. And here we go again." So, how do you solve that? You buy a bunch of more Bitcoin before that happens. So that when Bitcoin goes above $150,000 and then hangs out there for eight months or more, you are sitting on a 50% gain. It feels a lot better to sit on a 50% gain while you wait 8 months for the marketplace to digest a new price level than to buy it after and have to wait 8 months for that euphoric fe feeling of being significantly up on your investment. So it's up to you in the waiting whether you are up on your investment or not up on your investment during the waiting. And it's all a function of whether you buy before or after the next big price rise. You can buy Bitcoin right now and that way when the next big price rise happens, the entire time of waiting, whether it's 8 months or longer, you're sitting on a 50% price gain and you don't care. Or you can wait and not buy that Bitcoin now and then get all excited after the next big price rise, which results in you having to sit there with Bitcoin you bought at 153,000 a coin, waiting for eight months for it to do anything, which is what's going to happen to a bunch of people. So buy the Bitcoin right now. Don't wait. If you wait, you're going to be waiting forever and you're going to feel like you're moving sideways. If you buy it now, after the next big 50% price rise, you're sitting on a 50% gain. And heck, who cares if it grinds sideways for eight months? you're sitting on a 50% gain the whole time waiting for the next 50% gain, which is way more fun to do it that way. So, take it from me. I've been through a bunch of these cycles and it's way more fun to buy the Bitcoin before the big price rise than after the big price rise because it's a lot uh harder and it requires a huge amount more patience if you buy it after the big price rise rather than before.