One Way Ratchet

Vegas Tops & Local Bottoms | 050

Episode Summary

Zoom out and chill. Everything is going to be OK.

Episode Notes

Dan and Trent break down:

• Trent's quick hit to Vegas
• Gearing up for Sphere shows 
• Recent Bitcoin price volatility and sentiment
• Reminder to zoom out and take the long view.
  • Don't be tricked or distracted by short-term price movements.  They are designed to shake the confidence of inexperiences retail investors.
  • Zoom out and chill
• Case in point: look at price on the day of the 4 Bitcoin Halvings:
  • 2012:  $12
  • 2016:  $650
  • 2020: $8600
  • 2024: $65,000
  • Notice any pattern
• This is true not just of Bitcoin but of life: block out the day to day volatility and take the log view.  
• Song of day: Hot in Herrre by Nelly