I have a friend who used to say, “Buy Bitcoin, it’s going to a million—it’s the future.”
I ran into him again recently, and this time he said, “Now is actually the time to buy… I just don’t have any money. But it’s fine—it’s a long-term investment.”
Funny how that works.
When prices are flying and optimism is everywhere, everyone’s a visionary.
When price stalls or pulls back, suddenly everyone becomes a long-term holder.
Most people aren’t truly long-term investors by choice—they’re long-term by circumstance.
They become patient only after upside expectations fade and capital is exhausted.
At $126K, Bitcoin $BTC is a “guaranteed moonshot.”
At $66K, it’s “still great… just give it time.”
This is classic market psychology.
Speculators disappear when momentum dies, and conviction only shows up once risk feels uncomfortable. Not when buying is easy—but when it’s inconvenient.
Real positioning doesn’t happen when narratives are loud. $ETH $BNB are also big coins.
It happens when enthusiasm is quiet, capital is scarce, and patience is forced.
That’s usually where the real signal is.
#BTC #BitcoinPsychology #MarketCycles #CryptoSentiment #LongTermThinking