People ask how bitcoin can spend 4% of its time "above" its all-time high without setting a new one. It can't. Let me say it cleaner. Most of the time bitcoin is a hostage situation. Below the last peak. Chopping. Bleeding. Boring you so hard you start checking real estate listings. The rest of the time it's ripping to new highs while everyone who quit watches from the parking lot. That's the deal. The wait is the filter. It shakes out the tourists, the leverage kids, and the guy who "just wanted to try it." The burst is the reward. The wait is where you earn it. Opt out.
