A Bitcoiner believes in the long-term of Bitcoin, seeing it as the hardest money ever known.

We buy and hold, with faith in Bitcoin's future. We're in it forever, focusing on accumulation or stacking.

Conversely, a trader in the fiat mindset is all about timing the market, they aim to buy low and sell high, to profit from volatility.

This approach requires constant market analysis, quick decisions, and can be stressful, while the stacker sleeps soundly, the trader is always on alert.

So in this chart below, there are four stages of a simplified cycle, 1️⃣,2️⃣,3️⃣&4️⃣

From the point of view of a Bitcoiner, all of the stages are;

stage 1️⃣ stack like fuck stage 2️⃣ stack, dca, earn or buy stage 3️⃣ stack like fuck stage 4️⃣ stack, dca, earn or buy

But in your opinion what are the four stages of someone in a fiat mindset? What is their reaction to the different stages of a cycle?