wiscotitansfan Posted April 11, 2023 Report Share Posted April 11, 2023 (edited) 5 minutes ago, Jamalisms said: So many people who bought into Bitcoin did it at the height and they're still down ... assuming they haven't already cut and run. That's the period that tends to matter. I wasnh't even going to touch that major factor cuz it's not relevant to many here who regularly post about crypto besides maybe NN, I haven't bothered looking at YTD stock gains until just now so was sorta surprised how his BTC being up post isn't as much of the brag as it was intended to be Edited April 11, 2023 by wiscotitansfan Link to post Share on other sites More sharing options...
Jamalisms Posted April 11, 2023 Report Share Posted April 11, 2023 For sure, more important to general public impression than people here. wiscotitansfan 1 Link to post Share on other sites More sharing options...
BobbyCoins Posted April 11, 2023 Report Share Posted April 11, 2023 3 hours ago, Jamalisms said: So many people who bought into Bitcoin did it at the height and they're still down ... assuming they haven't already cut and run. That's the period that tends to matter. Those who cut and run after bitcoin crashed from $32 to under a dollar and rose back up to $3 must feel especially relieved they sold. Those who haven't lost are those with a saver's mindset, not an investor's mindset. They don't see themselves as down because they understand the value in fiat is only going to go up because the value of fiat is only going to go down. The period that matters is the period that has the lowest time preference. Supdawg 1 Link to post Share on other sites More sharing options...
Somedude Posted April 13, 2023 Report Share Posted April 13, 2023 Just read it out loud and fast. I love Mike Hunt OILERMAN 1 Link to post Share on other sites More sharing options...
pat Posted April 13, 2023 Report Share Posted April 13, 2023 My only question is when is the price of BTC going to go up with all this inflation? Link to post Share on other sites More sharing options...
Supdawg Posted April 13, 2023 Report Share Posted April 13, 2023 16 minutes ago, pat said: My only question is when is the price of BTC going to go up with all this inflation? It's been going up for 14 years, what do you mean?? Link to post Share on other sites More sharing options...
pat Posted April 13, 2023 Report Share Posted April 13, 2023 25 minutes ago, Supdawg said: It's been going up for 14 years, what do you mean?? don't even go there. obviously you don't have btc from 14 years ago, otherwise you'd have better things to do than make these thirsty posts OILERMAN 1 Link to post Share on other sites More sharing options...
Supdawg Posted April 13, 2023 Report Share Posted April 13, 2023 24 minutes ago, pat said: don't even go there. obviously you don't have btc from 14 years ago, otherwise you'd have better things to do than make these thirsty posts Just look at the low dots in this chart. Growth from the perspective of the yearly lows removes the noise from the volatility of the hype cycles. Each "epoch" has consistently shown growth from the lows. Price is a function of time preference and buy point. Timing any market is difficult. By every metric, Bitcoin has grown in terms of higher highs and higher lows. Nothing has stopped it yet. Link to post Share on other sites More sharing options...
OILERMAN Posted April 13, 2023 Report Share Posted April 13, 2023 3 hours ago, pat said: My only question is when is the price of BTC going to go up with all this inflation? Proven to not be an inflation hedge Link to post Share on other sites More sharing options...
BobbyCoins Posted April 14, 2023 Report Share Posted April 14, 2023 5 hours ago, pat said: My only question is when is the price of BTC going to go up with all this inflation? "When is the price gonna top out so I can buy the top and then bitch about how much 'real money' I'm losing on this retracement... back down to $125k." Link to post Share on other sites More sharing options...
pat Posted April 14, 2023 Report Share Posted April 14, 2023 20 minutes ago, NashvilleNinja said: "When is the price gonna top out so I can buy the top and then bitch about how much 'real money' I'm losing on this retracement... back down to $125k." How much wealth have you made on BTC so far killer? Link to post Share on other sites More sharing options...
BobbyCoins Posted April 14, 2023 Report Share Posted April 14, 2023 (edited) 4 minutes ago, pat said: How much wealth have you made on BTC so far killer? A dollar two ninety-eight. Actually, I sold it all at a loss. Don't listen to me, I'm an idiot. ¯\_(ツ)_/¯ Edited April 14, 2023 by NashvilleNinja Link to post Share on other sites More sharing options...
Supdawg Posted April 14, 2023 Report Share Posted April 14, 2023 What's with everyone's obsession with how much money people have "made" in Bitcoin? Link to post Share on other sites More sharing options...
wiscotitansfan Posted April 14, 2023 Report Share Posted April 14, 2023 (edited) 1 hour ago, Supdawg said: What's with everyone's obsession with how much money people have "made" in Bitcoin? You just don't get it. If the world really does get to that point where cryptocurrency truly is a currency that is widely regarded as the global default unit of value, it will not be the first crypto ever that actually made a name for itself ever. Sure, you will be able to convert that BTC to whatever more efficient and better crypto eventually people may adopt but that defeats the entire point of your meme about not needing to ever convert BTC into anything else That being said, I don't ever see the world adopting some crytpo made by a no name guy as the global unit of value Edited April 14, 2023 by wiscotitansfan Link to post Share on other sites More sharing options...
BobbyCoins Posted April 15, 2023 Report Share Posted April 15, 2023 13 hours ago, wiscotitansfan said: more efficient and better crypto Proof of stake is the Beyond Meat of blockchain consensus. There's no substitute for proof of steak. Supdawg 1 Link to post Share on other sites More sharing options...
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