Since bitcoin is dropping, please advise on should I keep this win? I have never invested in crypto and have no idea what to do with this.

Yes it was pure dumb luck. Now pleas help!

This analogy has been used long before me but I think it's a great way to think about Bitcoin's scarcity and the different strategies we have to stack it.

The analogy isn't perfect. In musical chairs the number of chairs is reduced each round whereas with Bitcoin the number is increasing asymptotically towards 21 million. Essentially we can think of Bitcoin as a game where the number of chairs is fixed but the number of participants can change.

Another place the analogy breaks down is that with Bitcoin you don't have to leave your chair when the music starts. We call this the HODL strategy. In musical chairs it would be called cheating but with Bitcoin it's a valid strategy. Add DCA into your strategy and you can start to accumulate more than the chair you started with.

Some people have a strategy of leaving their chair with the hope of reentering later to obtain more chairs than when they started (i.e. sell high and buy low). We all know this is a risky strategy because the number of chairs is fixed and only so many people can successfully pull it off. If you are the lucky kind that can pull it off, more power to you, but I'll stick with my DCA and HODL strategy.

gg 100k here we come

Can you give me your reasons for buying BTC in the first place? Was it quick money expectations or maybe tech or maybe you think it's better have BTC than any other currency? Would love to see the reasons. For me it started as quick money to be honest but as I learned more I realised that this is not the way and freedom is the reward we get. What about you?

The best medicine for lack of conviction is education.

Once you decide for yourself that Bitcoin is more than "number go up" technology, you can develop the diamond hands required for its volatilty.

The value and tenants of Bitcoin won't immediately be expressed in upward price movement. The reason to hold Bitcoin come from what it may become 10+ years from now.

Like Warren Buffet would say, the markets are the only place where when something you want goes on sell, you run out of the store.