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The Persistence Needed to Buy Bitcoin

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According to reports, Will Clemente, co-founder of Reflexivity Research, said in a social media article that whenever someone said you were lucky to buy Bitcoi…

The Persistence Needed to Buy Bitcoin

According to reports, Will Clemente, co-founder of Reflexivity Research, said in a social media article that whenever someone said you were lucky to buy Bitcoin, show them this chart. Buying Bitcoin is not easy. You must have great faith to persist in multiple drops of more than 70%. The market will test everyone’s belief, and the volatility of BTC is a mechanism to transfer supply to the strongest people.

Will Clemente: The volatility of BTC is a mechanism to transfer supply to the strongest people

Interpretation of the news:


Bitcoin has been a hotly debated topic in recent years due to its volatile nature. While some consider it a valuable investment tool, others criticize it as a speculative asset that is too volatile to be relied upon. In this context, a recent message from Will Clemente, co-founder of Reflexivity Research, highlights the persistence required to buy and hold bitcoin.

According to Clemente, buying Bitcoin is not easy. It requires great faith to persist through multiple drops of more than 70%. This means that anyone who bought bitcoin in the past and held on to it through such market turbulence, having faith in its long-term potential, can be seen as lucky. However, the message goes on to suggest that this kind of attitude is misguided. It’s not luck that separates those who successfully invested in bitcoin from those who didn’t. It’s their persistence to stick it through the market’s ups and downs.

The message emphasizes the importance of testing everyone’s belief in the market. As the value of bitcoin fluctuates heavily, those who have faith in its underlying value will be able to hold on to their investment, while others will be weeded out. The market’s volatility, in this sense, is a mechanism to transfer bitcoin supply to the strongest investors.

Ultimately, the message portrays bitcoin as a long-term investment that requires patience and persistence. While some might argue that relying on faith and endurance is a precarious investment strategy, the message suggests that bitcoin is only for those who believe in its long-term value. Those who do not have enough faith in Bitcoin to hold on to it through the market’s inevitable drops are unlikely to succeed in their investment in the long run.

In summary, Clemente’s message highlights the importance of persistence in the Bitcoin market. It suggests that buying bitcoin requires more than just luck, and that sticking it through the market’s ups and downs is crucial for any successful investment. While the message may not offer a compelling argument for investing in Bitcoin, for those who have faith in its value, it’s a reminder that being patient and persevering through market turbulence is essential for any investment to succeed.

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