A traveler once came across a mighty oak standing beside a bamboo grove. When a violent storm arrived, the bamboo bent almost to the ground. The oak stood firm. When the storm passed,the oak had lost branches and its roots were partially exposed. The bamboo simply stood back up.
The traveler asked the bamboo: How did you survive?....The bamboo answered: I didn't fight the wind. I let it pass through me. This reminded me of Bitcoin. The market has always been the storm.
Bitcoin has survived: -93% in 2011....... -85% in 2015 .....-84% in 2018.... -77% in 2022. Every cycle felt different when you were living through it. And evry single time, some people were convinced it was finally over. Maybe thats why I like the bamboo analogy. The goal isn't to pretend the wind doesn't exist. It's to survive long enogh to see the sun come back out.
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