Thread by @tedmrogers

1/ I understand the pain from #bitcoin's drop in price but the only relevant question is “Has anything changed with my initial investment thesis?"

2/ If the thesis that justified your investment in #bitcoin is still valid, then logic dictates HODL or increase your position.

3/ If your rationale for investing in #bitcoin no longer exists, then sell and move on. Take the tax deduction.

4/ If you never had an investment thesis, didn't understand what you were investing in, risked more than you could afford to lose and/or expected to get rich quick, then you've learned several priceless lessons - ones that may save you from ruinous losses in the future.

5/ Personally, nothing has changed in my investment thesis since 2013, except the time frame. #bitcoin's spread is going to take longer than I expected, mainly because of regulations/compliance and their impact on onboarding and user experience.

6/ On the other hand, risks to #bitcoin today are much lower than in 2013 and my conviction in the investment is much deeper. #Bitcoin has won the store of value (Gold 2.0) use case and will ultimately become the world's reserve asset.

7/ Chances are good that #bitcoin will also be used as a currency in, at worst, several important use cases, e.g., large international settlements, and I believe it will become a global unit of account.

8/ Final thoughts:
- the pain of a bear market is when you earn the rewards of a bull market
- #btc will return to $20K & move beyond, HODLers will be thankful for every bitcoin they never sold
- my main regret is not having more $$ to increase my BTC position at these prices

9/ Don't confuse trading and investing or you'll suck at both.

P.S. All this is just my opinion - smart people disagree with me. I'm not giving investment advice. FFS do your own research and come to your own opinion on bitcoin - you won't regret it.