Have You Learned to Love the Corrections Yet?

If Bitcoin were to shoot upwards without correction during the bull markets, then the degens (leveraged speculative traders) would capture massive gains in Bitcoin with their leveraged longs.

But they would sell to capture these massive gains - pulling wealth out of our community to hold dirty fiat.

These brutal corrections are a gift to the hodlers. They transfer wealth from the traders to the hodlers. If the speculators win, wealth is transferred from hodlers to the traders. A true hodler shouldn't mind the volatility. If the price goes up too much at once, it encourages selling. We want slow and steady gains with regular corrections.

Corrections are healthy.

Love the volatility.

Hodl is the holy grail.