According to news from early October, Bitcoin has surpassed $120,000. Additionally, gold prices have also exceeded $4,000.

Just a few months ago, there were statements like "this time is different," "this is a temporary rebound," and "a correction is coming soon," but now those voices have all quieted down.

The psychology of people is quite fickle; when prices rise, they worry, 'Is it too late?' and when they fall, they say, 'It's definitely over' and exit.

But what is truly important is not such 'projections,' and I think it's about time we realize that.

Whether Bitcoin was at $10,000, $30,000, or now hitting $120,000, the world has flowed the same way. Only the news headlines have changed.

During the bull market in 2021, amidst the pandemic chaos, it was said that 'Bitcoin will become the new reserve currency,' and during the crash in 2022, the main statement was 'cryptocurrencies are a scam.' And now it has returned to 'Bitcoin indeed does not die.'

People always try to find reasons, but honestly, most are swept away by the atmosphere. Reading articles analyzing "why it has risen" now just makes me laugh.

ETF approvals, institutional fund inflows, expectations of US interest rate cuts, halving effects, etc... it's the same template recycled every time. When prices fall, you just need to attach negative modifiers to the same items. "

Institutional exits, interest rate burdens, regulatory tightening." In the end, reasons are always just rationalizations created after the fact.

What's even more interesting is that even in this rising market, there are still people lining up asking, 'When should I sell?' and 'Should I get in now?' Having already passed through the $10,000, $30,000, and $60,000 ranges, they are still just timing their entry. They seem like people who only measure wave heights in front of the sea but have never actually swum.

Meanwhile, the market has already moved on to the next stage. Perhaps at this point, how far Bitcoin will go is not important.

Whether it reaches $150,000 or drops back to $80,000, that is just the rhythm of the market. What truly matters is what choices I make within that rhythm. If I only get excited when prices rise and despair every time they fall, I will end up living a life swayed by emotions rather than the market.

It is closer to addiction than investment. So these days, I feel indifferent whether Bitcoin's price goes up or down.

Some still say, 'This time is different,' but honestly, what is different? Greed and fear still alternately shake the market, and people repeat the same mistakes on that wave. The only difference is that as prices rise and interest explodes, the size of those mistakes only grows. Just because Bitcoin has surpassed $120,000 does not mean the world has changed.

It is merely another cycle passing by. What remains has always been the same. Some at this point will say, 'Now it really begins' and take out loans to invest, while others will be too scared and realize profits. Which side is right will only be known years later.

So projections are actually meaningless. The market is much more indifferent than we think, and it goes its own way regardless of what we say.

What is important now is not $120,000, but how much you can remain unshaken within it.

That is the true skill of an investor and the only way to avoid falling into the illusion that this time Bitcoin is 'different.'