[...]But maybe you are wrong. and it grows well over 500k btw it would need to be over 500k to be successful in 2060
Whatever doesn't kill you...
Bitcoin will surpass $500k. You will be alive and well to witness it being worth more than $1M.
Ok.. I hate to predict the future with too many specifics.. but that's funny.
...but chances are yes, that we will make $1 million in one two or three cycles... give or take a couple of cycles.... so if Philip can make it to 80.. his odds are pretty good..
Hopefully he is eating good food, and not those beyond meat burgers (and Oreo cookies) that SBF was eating... SBF would not know a steak if it slapped him in his chubby little face.
Continue buying every month, you'll be just fine reaching youre goal if you aim for 2024 halving mega pump.
Might keep buying until the halving as I am confident that we will see a recovery by then or better the
mega pump as you call it. I think we should be over most of the problems that have occurred this year by late 2023 setting up the bull run in 2024. That is my positive outlook any way and that is more wishful thinking then being backed by logic. Good to see someone else thinks the same way to
Hopefully you are keeping the overwhelming majority (if not all of it) of your BTC purchase within some forms of self-custody, and not on exchanges. Let's say something like 90% in self-custody, and no more than 10% with any third-parties of exchanges or similar.
It is great that your wife is understanding of the situation, and you did buy around 50% lower than the top, which surely seemed to have had been a reasonable entry point - even if you might have employed lump sum of an amount that might have been more than you were willing to lose - which does not tend to be the greatest of practices, even though sometimes the passage of time will allow for such errors to be mitigated.
Michael Saylor's Company (MSTR) has an average entry price that is right around $30k, and the country of El Salvador might have an average entry price that is a bit higher than yours... So you are in company of other seemingly intelligent bitcoin bulls who are not really shying away from their investment and even making small purchases here and there. I would not be surprised to see Saylor make another purchase at some point, since I believe that he still has a pretty decent MSTR equity credit line that he has not yet used.. it may still be in the neighborhood of $200 million-ish..
If bitcoin was a gift (or a test?) from some friendly civilization, it seems that we are failing.
A glorious bitcoin got diluted by thousands of garbage coins, with no appreciation during the last 5 years.
NOT!!!!
You are mischaracterizing by selectively picking your facts to paint an inaccurate picture.
It's just a fact, but if you want to soothe yourself, then count from Dec 2018 and be happy.
It's not about feeling better, but sure picking that date/price gives a different picture than your 5 years of selective facts that you are trying to focus upon as if it were somehow representative of your negative nancy baloney..
I guess, human folly spoiled it in the interim, imho.
Bitcoin is not spoiled.
It's doing quite well, if you had not noticed.
Have you been paying attention, or you just want to dwell and mope about some selective facts.
Yeah, yeah, yeah.. I know that you are working to get your addiional 0.2 BTC, so you are not 100% whimpy.. only 78.62% whimpy, or something in that ballpark of whimpy-whininess..
Nohomo.I mean, we seem to be unable to grow a robust financial system around bitcoin and it is just an observation that seems to be based on current facts.
It's broken? Bitcoin is broken?
You expect to go from zero to world currency in a matter of 13 to 20 years without a battle?
Get real Biodom!
The ecosystem (you can argue that bitcoin wasn't a part of it, but it is not a very solid argument) is now completely decimated-I mean tradfi companies involved in various yield schemes. Poof, gone.
That's true. Some pretty rich fucks got liquidated in this round - including some people (and institutions) that some of us might have liked.
"I wished war did not have casualties."
"I wished innocent folks would not be injured or liquidated in war."
Yes. I am not trying to be flippant about it, and I am mostly saddened by the damages rather than gleeful.
Yet, if we live in the real world, don't we have to be able to sustain ourselves in spite of the casualties going on around us, and maybe even some of us might have suffered some damage in this round too, no?
Additionally, it seems that some were able to portray to their customers that their bitcoin was real when it wasn't (no bitcoin assets, just bitcoin liabilities).
I am not sure how it was accomplished.
I am amazed too.. I think that we are still trying to figure some of this out.. It was surely a strange set of relationships... and some vary innovative and seemingly strong looking house of cards that they had built in the last 3.5 years (they have not been around very long, but they sure did build their house of cards fast)
Next time, I am not waiting even for a new ATH, will probably sell a large % portion earlier (if we ever get there-to my undisclosed current sell target).
It feels silly to sell at 16K, though, so I don't.
You have to modify your goals then, and I suppose you will have more difficulties getting to $200 million with your 20 BTC..
I don't have enough info to figure out a better strategy than what you had previously stated based on your circumstances.. ..except maybe you need more BTC accumulated in a DCA strategy, especially if you are going to be selling more sooner.. rather than merely HODLing until we reach $10 million.
I might say, "hey Biodom, we might be able to reach $10 million this cycle or maybe within 2-4 cycles beyond that"
and then you respond:
"I cannot take my chances. I am not that confident that $10 million is even possible, especially in that timeline or even with an additional cycle or two."
I then ask you:
"Well, do you still think that $10 million is possible even if it has lower odds than you previously thought and it could take longer than you previously thought?"
I think that your answer is going to be "yes, it is still possible" even though your current state of negative nancy-ism is contributing towards your making too many emotionally-laden outbursts
The punchline still might be considering how much we are going to change our investment approach based on negative facts that are currently in front of us?
Of course, my making fun of your position partly shows that I consider that the current negative facts in front of us do not really change bitcoins trajectory or investment thesis as much as you seem to be making it out to be.. and sure, are we going to have to shift he curve down on the stock to flow model, yeah sure, but still bitcoin still has a pretty damned strong investment thesis, even if there have been shenanigans and likely will continue to be shenanigans around it, including some difficulties of building around bitcoin when some of the BIG money is getting scared off and wiped out in the process.
BTW, I think Cathy Wood is right and Fed is making a significant policy error.
By rising rates too fast, they are sowing the seeds of another Great Depression.
Yeah but, so what?
What are we going to do about it?
We have to prepare ourselves, even if the Fed (and others) does dumb things and/or bad policy things or whatever might potentially be their evil agenda.
Next time, I am not waiting even for a new ATH, will probably sell a large % portion earlier (if we ever get there-to my undisclosed current sell target).
It feels silly to sell at 16K, though, so I don't.\
You're going to end up really disappointed if you do that.
Well, I already did not sell twice: at 20K in 2017 and 69K in 2021, there would NOT be a 3rd time.
Albeit, I also did not 'mindtrust' at $175 in 2015, $3100 in 2018 and $3800 in 2020.
Part of it is age...waiting for 10 years makes no sense to me.
However, I am not going to sell all...maybe 30-40% or so.
Huh?
Maybe you should consider a strategy that is somewhat closer to mine, in order that you lessen the chances that you get so worked up so easily?
just saying... .hahahahahaha
Poll
