PERSPECTIVE on TIME PAIN ($58K-$62K)

perspective on time pain between $58,000 and $60,000. First, let’s rewind. Bitcoin had the price pain, not the time pain, the price pain capitulation down to $60,000 in February of this year. What happened next? Well, after a price pain capitulation in a bare market, we go through a time pain capitulation. A time pain capitulation is when the market tries to uh you go from scare you out to wear you out. Scare you out is when the price drops down to 60 relatively quickly from 126 down to 60 in 4 months. That’s price pain capitulation. And each of the big drops down to 80,000, you know, down to 100 down to 80 down to 60. Each of those took, you know, not that many days. I mean, it’s it’s it’s price pain. That’s what price pain feels like. People are freaking out. They’re texting me. They’re calling me all over the place, worried about Bitcoin, blah blah blah. Okay, so now you get the time pain. The time pain capitulation is when the market tries to wear you out. It tries to first scare you out, then it tries to wear you out. It tries to shake you out. Now, if you compare this to a roller coaster, a roller coaster has big drops in it. And the very first big huge drop is sort of like the price capitulation. Everybody’s like, “Oh my goodness, what did I do? Why did I get on this thing?” and then through a series of the rest of the roller coaster. It can really turn your stomach by dropping you over and over and over and over and over. And maybe each individual drop is not bad, but one after the other after the other after the other, it adds up. I mean, it shakes your stomach and a lot of people, you know, lose their lunch. And that’s what time pain and price pain capitulation do. People lose their lunch. They sell their Bitcoin, they regret it later. You know, they bought it at a higher price, they sell at a lower price. That’s literally the opposite of what you’re supposed to do. You’re supposed to buy it and hold it, not buy it, drop, sell it for a loss. But anyway, so let’s get some perspective here. All right, so the m the market bottomed at $60,000 on February 5th. Now, if you fast forward to the beginning of June, and you were talking to people right after the price dropped again, uh when I say again, let’s talk about what I mean by again. Let’s say you show up first week of June and everybody’s freaking out about Bitcoin. They’re freaking out. They’re freaking out. They’re freaking out. And let’s let’s assume I’m just sort of a casual or p casual passer by who’s like, “Wow, everybody’s freaking out about Bitcoin. Like everybody seems all shook up shook up and twisted in a knot and all this sort of stuff.” And you’re talking to somebody, they’re like, “Yeah, man. Things are bad. The price dropped. Everybody’s freaking out. You know, people are not sure if Bitcoin’s going to make it, which is ridiculous. It’s going to make it. It’s going to be fine.” But everybody’s all freaking out and you’re thinking, you ask the question, right? You asked the question of one of these people of like, wait, well, what was the price back in beginning of February? They were like, “Well, it dropped to $60,000.” And you’re like, “Okay.” And and everybody’s all freaked out right now. Everybody’s freaked out because it dropped and you know, the end is near and everybody’s just all freaked out. And you’re thinking in the back of your head, you’re thinking, “Wow, how low did the price go? I mean, early June. If it got as low as 60,000 in the beginning of February, how low must it be now at the beginning of June for everybody to be this freaked out? And so you’re thinking, I don’t know. I mean, did did it plunge to 40, 45, 30 something? Like, my gosh, everybody’s freaking out. It must have really gone low. So, you ask somebody, you’re like, again, early June, you’re like, “Wow, everybody’s freaking out. The fear and greed index is in deep fear. Everybody is just I mean, wow. Uh, how low did Bitcoin go?” And somebody’s like, “Oh, it’s bad. I mean, it is bad, bad, bad. We went down to 59.” And you’re like, “Wait, wait, wait, wait. Let me let me pause you there. Didn’t you just tell me that the price went to 60 in February?” They’re like, “Yeah, yes, and things are bad.” You’re like, “Uh, wait. Uh, you went to 59.” They’re like, “Yes, it’s bad.” You’re like, “Wait, you do understand that the difference between 60 and 59 is $1,000.” like what is that like less than 2%. They’re like, “Yeah, it’s bad. It’s bad. It’s bad. It’s bad.” You’re like, “Um maybe some perspective.” Uh the low was 60 and then it went to 59. They’re like, “Yeah, it’s bad.” Okay. Now, if you zoom out here, that’s $1,000 out of 60. It’s less than 2% or less than 1% for a $1,000 drop. We’ll get to or I guess it’s less than 2%. Anyway, whatever. Um so, then you fast forward to the end of June. Here we are sitting at the end of June. You know, price this morning was just above 58,000. Um, it didn’t touch 58, but it was just above 58. And right now it’s, you know, 59,500, right? When I checked before I started this video. So, if you talk to people right now, you know, few weeks where we were sort of edging up, edging up, down, edging up, edging down, you know, all that sort of stuff. Talk to people now, they’re like, “Oh, Joel, I’m just not sure about Bitcoin. I’m just not sure if it’s going to make it. Uh, you know, it’s just, wow, I just don’t know if I can handle it. The volatility, blah, blah, blah.” Now again, if if if you have some perspective, you’re like, “Wait, went to 60,000 in February, went to 59,000 in early June.” So, here we are at the end of June and everybody’s all freaked out and fear and greed index and people are worried and is it going to make it and what about the Iran war and global economics and all this sort of stuff. They’re just not sure. You’re like, “Wait, uh, how low did it go at the end of June?” They’re like, “Man, it’s bad. It’s bad. It’s bad.” You’re thinking, “Wait, if it was 59, must be 50, 50, 45, 30 something.” and they’re like, “No, it’s bad. It went to 58.” Once again, you’re thinking, “Wait a second here.” Everybody’s freaking out because it went from 60 to 59 between February and June. And now they’re all freaking out between early June and late June. It went to 58 instead of 59, but now it’s still back at 59 a.5. Now you do realize at 59 a.5 right now that is less than 1% lower right now at 59 a.5 than at the bottom in February. We’re literally within less than 1% of the low point that we hit in February and people are all freaking out. So you got to have some perspective. Bitcoin has still never spent an entire day below $60,000 in 2026. Not even one day. And by one day, I mean it opens, it goes to a high, and it closes. At some point during the day, it was above $60,000. Now, maybe it didn’t start above 60, maybe it didn’t end above 60, but at some point of every single day in 2026, Bitcoin has popped its little head right above $60,000 to remind everybody that, hey, I’m not sure that I want to stay underwater. I don’t I’m not sure I want to stay under 60,000. Now, could we go below 58,000? Yes, we could. Nobody knows. It’s a market. It runs on supply and demand. There is no price that Amazon or Apple or Tesla or Google or Nvidia or Microsoft or SpaceX or whatever. Pick your favorite, you know, Magnificent 8 stock, which is the Magnificent 7 plus SpaceX. There’s no price that they can’t go below. There is also no price that they can’t go above. But there are certain prices where it’s very low probability they go below. And every time we try to get below 59 or 58 or 60 and Bitcoin pops right back above, it strengthens Bitcoin. We have October 4th, the magic, all these people waiting for the one-year anniversary, the 364 days from the last all-time high, which was October 6. So 364 days is October 4th of this year. It’s 97 days away. So all these people are sitting on the sidelines convinced that they’re going to buy Bitcoin at some bottom between now and October 4th. First of all, maybe 58,000 was the bottom. We don’t know. Maybe it’ll go lower. We don’t know. But there’s just not much time left. So, if if every day in real life is like 1 second on a roller coaster, can you survive 97 more seconds on the roller coaster? Can you survive 97 more days in real life? Yes, you can. And even if you’ve been on the roller coaster for 200 seconds, let’s say 180 seconds. You’ve been on the roller coaster for three minutes. And that and during that three minutes it’s been lifting you, dropping you, lifting you, dropping you, drifting you, dropping you, lifting you, dropping you. Yeah. At some point, you get sick of it. At some point, you’re like, “This is nauseating that the the the price starts to climb, hopes are dashed. Price starts to climb, hopes are dashed. Price starts to climb climb climb climb climb up into 80s. Hopes are dashed.” That is what time pain is. Time pain is when the market grinds you out and spits you out and tosses you out because you just can’t handle it. Not because you’re really setting any meaningful new lows. I mean, give me a break. The difference between 59 60 58 59 60 68. Yeah. I mean, not 68, but like 58 to 60 is the same range. It’s basically the same number. Yeah. Uh, and then it gets higher and then it goes down. But it’s like the bottom’s basically been that 58 to $60,000 range for like all year or since February, you’re going to be fine. Almost everybody says the pain will be over. The time pain will end in 97 days or less, ideally less. In fact, maybe the time pain ended yesterday. Maybe it already ended today around 58,000 because we’ve we’ve never gone below 58,000 in all of 28 20 not even for a second in all of 2026 have we been below 58. And not even for one day in all of 2026 have we spent the whole day under 60. Even on the days where we dip down to 59 or 58, at some point during that day, Bitcoin popped its little head right above 60,000. So, can you make it another 97 days? Yes, you can hold on to your Bitcoin, sit tight, you’ll be fine. The bare market either already did end, which is a good possibility at 58,000 or it will or it will end at some price that if it’s below 58,000, I don’t think it’ll be that much below 58,000. Nobody knows. I don’t know. Nobody knows. But you’ll be fine. The perspective is Bitcoin is just fine. And it’s amazing what time Pay does to people. Again, if you showed up in early June or late June and people were and you looked at just the mood, the mood in the marketplace, you think the price was 45 or 38 or something ridiculously lower than now and it’s not. It’s 59,500 less than 1% below the low in February. That’s where we are. That is perspective. But the reason time pain is so painful to people is because it drops over and over and over. And even if it’s not setting new lows, that gets their hopes up and then it drops them. And it gets the hopes up and it drops them just like a roller coaster over and over and over and over. And people just can’t handle it. They lose perspective. They lose perspective that 595 is not a new low. It’s within 1% of the low in February. But they lose that perspective because their stomach has just been dropped and dropped and dropped and dropped and dropped and dropped so many times on this roller coaster that they just can’t take it anymore. So, don’t puke out your Bitcoin onto the market. Don’t vomit your Bitcoin all over everybody else. Hold down your Bitcoin. You’re going to be fine. We’re all going to be fine. This is the fifth Bitcoin bare market. Every one of them was worse than this one. Every one of them recovered. Every one of them had much worse reasons why this was the end. We might never be coming back. Blah blah blah. No, this is a mild bare market. It’s the most mild bare market we’ve had. Yes, the price did go down 54% from the all-time high down to as low as 58,000, but it’ll be fine. It will go back up to new all-time highs. It will be once again the best performing asset in the world. You’ll be fine. You’ve already experienced the time pain in February. Sorry, price pain. You’ve already experienced the price pain in February. You’ve already experienced the vast majority of the time pain all the way through now in June. So, sit tight. You’ll be fine. Bitcoins will be fitcoin will be fine. Nothing’s wrong with Bitcoin. And uh hopefully that perspective is helpful. It is for me when I check the price and I think, wait a second, it actually hasn’t really barely gone below the beginning of February. Like that’s pretty much a big deal. And everyone loses that perspective. So hopefully that perspective is helpful in your Bitcoin journey. I’m here to help you in any way I can throughout your Bitcoin journey.