Billionaires and Governments suck.
There seems to be a bit of confusion in the crypto space. The entire point of decentralization is to take back control from Billionaires and Governments - not sell when they tweet FUD.
Every time Bitcoin dips, I am reminded of the infamous scene in Animal House when the dean of college shuts down the Delta Tau Chi House. Jim Belushi gives one of the greatest motivation speeches of all time - which turns the bearish sentiment of his brothers into a bullish plan to take revenge. You can watch the clip here:
Animal House taught me a valuable lesson in life. Just because some asshole Dean or douche-bag frat boy shits on you - shouldn’t diminish your fortitude on doing dumb / crazy shit. Because 9 times out of 10 times - the shit you’re doing will make you happy (and potentially rich).
Which brings me to my point.
Billionaires and Governments are doing everything they can to shut down our party (or even worse make it suck by joining in). Sure, at first you see Elon tweeting about Bitcoin and you’re thinking “oh, awesome this will pump the price”, and then you see the US Government talk about how “bitcoin is a new asset class” which makes you even more excited. But, the bigger question is - who invited them to the party?
The entire purpose of Bitcoin and decentralized currency is to avoid billionaires and governments from controlling our shit. But here we are - sitting on the couch, enjoying a beer at our killer Toga party - and every time the billionaire or government employee stumbles over to the DJ, grabs the mic and says something stupid like “Doge!!!!” - it kills the vibe.
Was it over when Germans bombed Pearl Harbor?
There is nothing worse when you see your portfolio cut by 30% in a matter of days. But before you panic sell or hang on every tweet you read - just remember why this is happening. It’s because WE are letting them win. Governments and billionaires are winning in the battle of fear, uncertainty and doubt.
They are bombing our Pearl Harbor, and we keep falling for it. We lose the same battle of FUD over and over, and for some reason we give it undeserved attention. We know we will lose battles, but will win the war.
Bluto: What? Over? Did you say 'over'? Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? Hell no!...Where’s the spirit? Where’s the Guts?
There is an inherit danger of the volatility of crypto. When it goes up 20% we are talking lambos and private islands - and when it goes down 20% - we can’t find the energy to get out of bed. And to make it worse, the Bitcoin maxi’s have been through 3 wars before this one, so they are just too tired to explain to you the dynamics of Bitcoin and not in the mood to calm everyone down.
This is exactly, why you need to summon your inner-Bluto during down days… and remind yourself that this could be the greatest night of our lives, but we are letting it be the worst…
Bluto (returning): What the f--k happened to the Delta I used to know? Where's the spirit? Where's the guts, huh? This could be the greatest night of our lives, but you're gonna let it be the worst. 'Ooh, we're afraid to go with you, Bluto, we might get in trouble.' (shouting) Well, just kiss my ass from now on! Not me! I'm not gonna take this. Wormer, he's a dead man! Marmalard, dead! Niedermeyer...Elon, he’s a dead man. Buffet, dead. Peter Schiff…..!!!!!
It’s time we realize that although we appreciate that more and more billionaires are buying Bitcoin - that we don’t need them and we shouldn’t give them the power to manipulate the market, much less invite them to our party.
We HODL to avoid them owning more coin than us. We HODL to make sure they pay 10x more for Bitcoin than we did.
I can’t say it better than Otter in reply to Bluto’s speech
Otter (Tim Matheson): Dead! Bluto's right. Psychotic, but absolutely right. We gotta take these bastards. Now, we could fight 'em with conventional weapons. That could take years and cost millions of lives. No, in this case, I think we have to go all out. I think this situation absolutely requires a really futile and stupid gesture be done on somebody's part.This situation absolutely requires a really futile and stupid gesture - which in my mind translates to BUY THE F’IN DIP.
Let’s GOOOOOOOOOOOOOOO!
Here is the Full Speech (just in case you don’t know it by heart like me)
D-Day (Bruce McGill): "War's over, man. Wormer dropped the big oneBluto: What? Over? Did you say 'over'? Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? Hell no!...It ain't over now, 'cause when the goin' gets tough, the tough get goin'. Who's with me? Let's go! Come on!...(He ran to the front door but no one followed him)Bluto (returning): What the f--k happened to the Delta I used to know? Where's the spirit? Where's the guts, huh? This could be the greatest night of our lives, but you're gonna let it be the worst. 'Ooh, we're afraid to go with you, Bluto, we might get in trouble.' (shouting) Well, just kiss my ass from now on! Not me! I'm not gonna take this. Wormer, he's a dead man! Marmalard, dead! Niedermeyer...Otter (Tim Matheson): Dead! Bluto's right. Psychotic, but absolutely right. We gotta take these bastards. Now, we could fight 'em with conventional weapons. That could take years and cost millions of lives. No, in this case, I think we have to go all out. I think this situation absolutely requires a really futile and stupid gesture be done on somebody's part.We're just the guys to do it...LET'S DO IT!