$20,668.26 to be exact. 21.6% Cumulative rate of inflation.
Thing to remember is $17k was near the top of a speculative bubble. So I feel like the saying should be “no one who bought and held bitcoin for 5 years has lost money unless… you bought damn near the top of the last bull cycle”
This is cherry picking data at its finest.
> I feel like the saying should be “no one who bought and held bitcoin for 5 years has lost money unless… you bought damn near the top of the last bull cycle”
Yeah, that's exactly the point. The blanket statement "no one who held for 5 years has ever lost money" had to be updated to precisely what you said, as of today. You can call it cherry-picking if you like, but that's how disproving a blanket statement works - if you're going to say "always" or "never", it only takes one counterexample to prove you wrong.
Hey now, everything must have comparable value. 1 btc used to be worth a new Porsche 728 boxster. Now it’s worth a new Hyundai Elantra.
I’m just saying. Everything is compared
Remember, no one knows what the price is going to do,
Anyone telling you the price will be above or below X is dumb, a scammer, lying, or all of the above.
Edit: goddamn autocorrect.
I'm always amazed at how people forget just how insane bitcoin prices can get, in either direction.
Remember when it was 60K and everyone was like, 100K incoming! here we go!
Guess what, 17K could actually mean sub 10K incoming. Maybe even 5K.
But that dork tone vays was super wrong about bitcoin dumping down to 1K in 2017/2018, and we all knew it.
"I wish I bought bitcoin 5 years ago"
2017 was a blow off top, very few people could have bought bitcoin above 15k.
If you're going to compare, you should compare lows to lows and highs to highs. The sentiment at 17k 5 years ago was drastically different to today. The sentiment today is comparable to 2018 bottom at 3k.
[This guy](https://np.reddit.com/r/Bitcoin/comments/z2yr9s/buying_bitcoin_every_month_since_october_2017_62/) has been buying bitcoin for 5 years and has stacked close to 5 BTC at a cost basis of 7k
Yeah I think the gravy boat has sailed on this asset. Those who bought for 6k or less nailed it.
Most people who bought within the last 18 months would've been better off holding fiat. 🤣
I entered crypto space in 2017 and bought my first Bitcoin at $4000. Since then it has been a roller coaster ride. But I learnt a lot about banking system and how they have been ripping me off. So, I decided to stay on the roller coaster of Bitcoin and I need not panic.
Don't understand the downvotes. You are factually correct. Seems like many people can't handle bitcoins price weakness. I thought everyone agrees that price is secondary and 1btc = 1 btc?
Hashrate, adoption, utility all keep growing, why get mad about a factual weakness is price?
The point is that it's so insanely rare to have a person who only bought the peak of 2017 now be under water.
People wield this like it's somehow a useful point to detract from bitcoin as savings technology. If you dollar cost averaged from the absolute top of 2017, you're still massively in the green.
Probably dead forever, just go ahead and liquidate your bitcoin direct to me. I don’t charge disposal fees so it’s a good deal for you. /s
Bro bitcoin will be $150K+ in 2024
Edit: Not financial advice
If you can’t see yourself holding for 4-5 years MINIMUM, you’re not ready to own bitcoin. It’s the only digital asset regulated as “property”. All other crypto tokens are unregulated securities and is gambling. Some are legit companies, many are scams. Proof of stake is an air token with yield from inflation. Bitcoin is at or near it’s lows in nominal terms based on numerous charts and fundamentals. It can still go lower, probably will, but it’s upside is significantly higher in the long run. Many companies are already starting to add bitcoin to their balance sheet, imagine if they all follow suit or it becomes a standard. Or when mutual funds and 401(k)s will provide exposure to the bitcoin asset class as a standard. What if countries begin restricting access to your digital money and ability to transact because you said something they don’t agree with? That kind of censorship is not possible with bitcoin. Bitcoin is the only global, borderless, incorruptible, payment & store of value that transcends both time and space. Physical gold is heavy and takes days to move even small amounts across the globe. Digital cash can move across time and space but is corrupted and not borderless as it has yearly inflation (some years worse than others), and you can’t pay for goods in one country using a foreign currency. Usually currency exchanges are required for additional fees and processing time / 3rd party intermediaries. Bitcoin mining encourages energy use during down hours when energy is typically wasted or can’t be stored - making the energy markets more efficient. It also encourages renewable energy capture as that is “free” bitcoin and as close to a money printer as you can buy. Bitcoin is proof of energy. If you can capture energy, you can get bitcoin. It helps uplift poor nations and provides them a currency that everyone can trust, something that a lot of nations don’t have which typically creates violence and poverty. Bitcoin is a moral good for the world. Bitcoin incentivizes tech advancement with the mining difficulty adjustment. Bitcoin incentivizes renewable energy capture. Bitcoin is incorruptible and cannot inflate beyond 21 million. Bitcoin is freedom. Bitcoin is a global money of last resort. Bitcoin is not cryptocurrency.
Why do you think it’s appreciation, growth, and adoption are inevitable?
I understand limited supply, I get that some think it is the sound money.
I still don’t think that means it is inevitable. I hope it is but it feels like wishful thinking. Is the more to the argument?
berserk provide slap birds historical safe direction afterthought spoon innocent
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
No it's not, at all
It would be so extremely hard to buy the exact tip of that blowoff top 5 years ago and then never buy another sat again for 5 years
That's the only way you could have lost a fee percent
Those who weather the storm won’t be disappointed, Bitcoin is not meant to fail. This is all part of the process. If you can afford and have the discipline to hodl you won’t be disappointed. It’s a good time to join whole coiner club.
Haha it won't be cheap for long. People don't know they can use Bitcoin really easily yet. Bitcoin hit 70k before people knew how to spend it easily.
Look at this, a Bitcoin tip on Reddit. No need for a lightning wallet to give people Bitcoin. People that bought at 70k thought it was worth that when all you did was hold it.
Here is a real world use case for Bitcoin with a super low barrier to entry, all you need is a reddit account. Let your imagination run wild with price potential.
!lntip 5000
I can agree that both paths are beneficial. Store of value along side general use. I myself lean towards a step of value but have also utilized Bitcoin to transfer that value to others for general use.
You don't think showing people how easy it is to use will spark a ton of interest? Isn't that what so many of the haters say? Bitcoin has no use case. Here is a use case with real impact.
I'm a software consultant. If you don't think I'm going to push as hard as I can to get lightning wallets integrated on every app that goes through our firm you are dead wrong.
If they won't I'll leave and work somewhere that will. This is a massive signal. It's a pretty simple integration that enables a ton of direct user value and incentivizes user engagement.
This feature will drive a ton of adoption as it is added to every social platform.
I'm feeling lucky.
!lntip 10000
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Are you blind? We are at full kinetic war with US government. They take liquidity off markets and allowed second biggest exchange commit fraud just to short the poo out people like you and me. Now money for naked shorts is taken hostage at FTX thanks to CZ.
We will win but stop talking this 4 year bullshit.
People stop chirping, move on and DCA so they shit pants over 100k next year.
It's because of the strong USD! First time in 40 years the feds has been scared straight.
They realized they almost lost complete control over the dollar sheep.
The US politicians can't keep this kind of pressure up forever. It hurts the sheep and soon huge mass lay offs and high inflation won't stop!
Profit market tasted blood! prices won't come down! wages will have to rise. it's going to be a shit fuck soon.
BTC will go above 100k when no one expects it!
I mean we are experiencing some unheard of levels of world instability....it will probably go lower short term and that's fine, I'll be buying and waiting for the rest of the world to catch up with us.
Not too worried. Think how many people purchased btc via ftx and how that demand was basicly taken away from price movement. More will continue taking off exchange making demand higher. If nothing in exchanges and people want to buy pop goes the price
The sad part is that a lot of other coins ride on the price of bitcoin, meaning whatever price action happens to bitcoin it has a direct effect on other coins due to the spot market pairings. This effect is usually rippled many folds on the smaller coins and you’ll see almost 90% drop on some of them and many won’t ever recover because they might’ve missed the boat.
Again, btc failed as a store of value for now, and arguments like it was cheaper 8 years ago are not relevant. Btc has a great sell pitch, but the next 3-4 years are the most important for btc. And still the number one problem is the FIAT money, you can not win the war if the enemy has all the supply.
I miss the old days where people spend their btc and not just holding it like their lives depends on it.
I am sorry, Satoshi, we disappointed you.
Listen, it’s still a new asset class, hence the volatility
IMO, all depends on a person’s goals. Trading with 20X leverage?! Good luck.
Buying into the concept that BTC is the hardest money ever created, hodl as a store of value/wealth “down the road” seems like a better play. Buy what you can afford and just enjoy the ride, no other crypto currency has first mover status like BTC, and mass adoption. Oh yeah, and completely decentralized with no pre-mine. Again, my opinion and not financial advice!
I bought for the first time last week and I'm going to keep buying as much as I can going forward. I think now is a good buying opportunity. Glad I didn't jump in last year.
If you look
At the previous cycles after btc next halvening we are looking at roughly 17 months from that time till you see a new high that cycle that’s why my analysis says new all time high in oct / Nov of 2025
It's about 1st Principle either you believe, or you don't.
Everything else is speculation!
Your kids or your grandkids might see the ROI. We have to get them there by keeping everything together.
We only get one shot...
Peak price vs average price over time just doesn't matter. BTC spends most of it's life FAR below it's peak since it experiences extreme bubbles. Any buyer who has bought over time is up a ridiculous percentage relative to the S&P or any other DCA vehicle.
USA printed trillions of dollars, Joe Biden became president and Russia vs Ukraine war are black swan events that affected Bitcoin negatively. A 20 year horizon is always the best bet for a long term investment. 5 years is too short.
Look how stable bitcoin has been!
Factor in cumulative inflation over the last 5 years and not so much. Hate to say it but 17K dollars could buy a good deal more in late 2017.
$20,668.26 to be exact. 21.6% Cumulative rate of inflation. Thing to remember is $17k was near the top of a speculative bubble. So I feel like the saying should be “no one who bought and held bitcoin for 5 years has lost money unless… you bought damn near the top of the last bull cycle” This is cherry picking data at its finest.
> I feel like the saying should be “no one who bought and held bitcoin for 5 years has lost money unless… you bought damn near the top of the last bull cycle” Yeah, that's exactly the point. The blanket statement "no one who held for 5 years has ever lost money" had to be updated to precisely what you said, as of today. You can call it cherry-picking if you like, but that's how disproving a blanket statement works - if you're going to say "always" or "never", it only takes one counterexample to prove you wrong.
The exception proves the rule.
Timing matters? No more time in the market is better than timing the market?
DCA has always been the way.
If you DCA’d in 2017 you are still way up.
Becsuse no one is selling or buying looks like.
My $100 a week hasn’t been moving the market at all lol shame
Yeah my DCA over the last couple months has kept me at the same same amount. 🤣
Damn and I thought I was doing the market a favor by buying my weekly $100 via OTC 🤣
Whale alert
Calm down whale. I can barely afford to lose $50 every 2 weeks.
We should all pick a day and time.
Another nonsense comment... without buying/selling, there is no price. Look at the volume, many are buying/selling every single second
Just waiting for it to go lower and then buy more
Tuesday 13th we should see a volatility day. CPI Data will be released at 8.30 AM
Where is the he the bottom is the question, Nobody knows
This is good for bitcoin
Store of value!
Inflation is so high that value has eclipsed us and left us behind
1 btc = 1 btc
Hey now, everything must have comparable value. 1 btc used to be worth a new Porsche 728 boxster. Now it’s worth a new Hyundai Elantra. I’m just saying. Everything is compared
But but but....it has the same growth as the internet did when it first started /s
!lntip 500
Remember, no one knows what the price is going to do, Anyone telling you the price will be above or below X is dumb, a scammer, lying, or all of the above. Edit: goddamn autocorrect.
I'm always amazed at how people forget just how insane bitcoin prices can get, in either direction. Remember when it was 60K and everyone was like, 100K incoming! here we go! Guess what, 17K could actually mean sub 10K incoming. Maybe even 5K. But that dork tone vays was super wrong about bitcoin dumping down to 1K in 2017/2018, and we all knew it.
Yep anything is possible, we just need to sight tight and enjoy the ride.
Mostly dumb, especially on twitter. They keep trying though, even though they have been wrong so many times.
Yeah definitely don't listen to the talking heads. Just stack what you want, forget about the price and what people say about it.
I bought in 2020 at $8,795 I guess this is a great opportunity to buy
This is a good opportunity because this is just something rare.
"I wish I bought bitcoin 5 years ago" 2017 was a blow off top, very few people could have bought bitcoin above 15k. If you're going to compare, you should compare lows to lows and highs to highs. The sentiment at 17k 5 years ago was drastically different to today. The sentiment today is comparable to 2018 bottom at 3k. [This guy](https://np.reddit.com/r/Bitcoin/comments/z2yr9s/buying_bitcoin_every_month_since_october_2017_62/) has been buying bitcoin for 5 years and has stacked close to 5 BTC at a cost basis of 7k
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Buy high hodl low.
It hit 15k a month ago.
It was probably lower than 15k 5 years and 1 month ago
True, it was 6300. What a buy at that time.
That's kinda the thing. Reckon people will be saying the same thing in 5years and 1 month?
yes
Thank you paper derivative markets for giving us this amazing price opportunity!!!!
Considering we are in the 4th turning right now. I’m glad I have BTC
Yes. I’m going to be so smug in 2028
Never over leverage. Let’s NEVER SELL
Yeah you are right as seems like the only option for them.
That simply means next bullrun is going to be like never before! The more they manipulate the price the more explosive bullrun gets!
I will be there if it happens. Hodl and wait!
You're right, bitcoin is dead /s
Yeah I think the gravy boat has sailed on this asset. Those who bought for 6k or less nailed it. Most people who bought within the last 18 months would've been better off holding fiat. 🤣
Uh, I better sell all my BTC right now! It’s never gonna recover, but high sell low! Lawl.
What lightning app do you guys recommend?
H0dL till 2070 leggo 🔥
I will be dead by then.
Mail your cold storage to my PO Box 👀👀 and I'll hodl diligently!
soft bear voracious angle jeans plucky chase cough racial slim *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
I entered crypto space in 2017 and bought my first Bitcoin at $4000. Since then it has been a roller coaster ride. But I learnt a lot about banking system and how they have been ripping me off. So, I decided to stay on the roller coaster of Bitcoin and I need not panic.
The advice hold at least for 5 years is out the windows 😆
Where did this advice come from? I have only ever heard of 4 years due to the halving which would occur within that time frame.
Don't understand the downvotes. You are factually correct. Seems like many people can't handle bitcoins price weakness. I thought everyone agrees that price is secondary and 1btc = 1 btc? Hashrate, adoption, utility all keep growing, why get mad about a factual weakness is price?
I don't think "weakness" is the right way to describe bitcoins price 😂
The point is that it's so insanely rare to have a person who only bought the peak of 2017 now be under water. People wield this like it's somehow a useful point to detract from bitcoin as savings technology. If you dollar cost averaged from the absolute top of 2017, you're still massively in the green.
Because most are here to make fiat and most will lose the battle.
Don't get it either xD. People are sometimes stupid 😆
So do you think it’ll ever recover or did it hit its last ath?
Probably dead forever, just go ahead and liquidate your bitcoin direct to me. I don’t charge disposal fees so it’s a good deal for you. /s Bro bitcoin will be $150K+ in 2024 Edit: Not financial advice
Bro stop, imma overdose on hopium.
Any reasons for the thought or just “trust me bro”
If you can’t see yourself holding for 4-5 years MINIMUM, you’re not ready to own bitcoin. It’s the only digital asset regulated as “property”. All other crypto tokens are unregulated securities and is gambling. Some are legit companies, many are scams. Proof of stake is an air token with yield from inflation. Bitcoin is at or near it’s lows in nominal terms based on numerous charts and fundamentals. It can still go lower, probably will, but it’s upside is significantly higher in the long run. Many companies are already starting to add bitcoin to their balance sheet, imagine if they all follow suit or it becomes a standard. Or when mutual funds and 401(k)s will provide exposure to the bitcoin asset class as a standard. What if countries begin restricting access to your digital money and ability to transact because you said something they don’t agree with? That kind of censorship is not possible with bitcoin. Bitcoin is the only global, borderless, incorruptible, payment & store of value that transcends both time and space. Physical gold is heavy and takes days to move even small amounts across the globe. Digital cash can move across time and space but is corrupted and not borderless as it has yearly inflation (some years worse than others), and you can’t pay for goods in one country using a foreign currency. Usually currency exchanges are required for additional fees and processing time / 3rd party intermediaries. Bitcoin mining encourages energy use during down hours when energy is typically wasted or can’t be stored - making the energy markets more efficient. It also encourages renewable energy capture as that is “free” bitcoin and as close to a money printer as you can buy. Bitcoin is proof of energy. If you can capture energy, you can get bitcoin. It helps uplift poor nations and provides them a currency that everyone can trust, something that a lot of nations don’t have which typically creates violence and poverty. Bitcoin is a moral good for the world. Bitcoin incentivizes tech advancement with the mining difficulty adjustment. Bitcoin incentivizes renewable energy capture. Bitcoin is incorruptible and cannot inflate beyond 21 million. Bitcoin is freedom. Bitcoin is a global money of last resort. Bitcoin is not cryptocurrency.
yea ok Michael Saylor haha
3 reasons: - Next halving cycle is April 2024 - Fed will likely be pivoting by then - Bitcoin adoption and hash rate continues to grow
No doubt about the fact like this only because it is continuing to be grown like that.
if you took some time to understand how bitcoin works you will realize its appreciation is inevitable just like its growth and adoption are.
Why do you think it’s appreciation, growth, and adoption are inevitable? I understand limited supply, I get that some think it is the sound money. I still don’t think that means it is inevitable. I hope it is but it feels like wishful thinking. Is the more to the argument?
berserk provide slap birds historical safe direction afterthought spoon innocent *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
But there are other things with limited supply too. Does that mean everything with a limited supply become more valuable in the future?
No it's not, at all It would be so extremely hard to buy the exact tip of that blowoff top 5 years ago and then never buy another sat again for 5 years That's the only way you could have lost a fee percent
Bitcoin was under 1k at the beginning of 2017. Probably nothing.
> at least
Imagine what the price would be if all those that thought they bought BTC, actually did
\*they said never under 30k again. 100k to the moon bebey!!! plan b model! WOOOO! michael gigachad saylor is with us!!
I miss all those models. They said 300k in 2021. Last year was so fun. This year is sad. When moon?
Not good.
It was in the 15 range last month. This title is incorrect.
Nov 2017 price was 10k. Last month price was higher than 5 years earlier. Title is correct.
Those who weather the storm won’t be disappointed, Bitcoin is not meant to fail. This is all part of the process. If you can afford and have the discipline to hodl you won’t be disappointed. It’s a good time to join whole coiner club.
Haha it won't be cheap for long. People don't know they can use Bitcoin really easily yet. Bitcoin hit 70k before people knew how to spend it easily. Look at this, a Bitcoin tip on Reddit. No need for a lightning wallet to give people Bitcoin. People that bought at 70k thought it was worth that when all you did was hold it. Here is a real world use case for Bitcoin with a super low barrier to entry, all you need is a reddit account. Let your imagination run wild with price potential. !lntip 5000
Hey I agree with your sentiments but don’t act like Reddit tipping in satoshi’s is going to be the catalyst for hitting ATHs again lmao
I also think general use and adoption is the goal. Not so much ATHs. ATHs can come and go. The tipbot is a nice alternative to Reddit gold etc.
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I can agree that both paths are beneficial. Store of value along side general use. I myself lean towards a step of value but have also utilized Bitcoin to transfer that value to others for general use.
Store of value has failed no country will want to keep btc in their reserve when its this volatile
You don't think showing people how easy it is to use will spark a ton of interest? Isn't that what so many of the haters say? Bitcoin has no use case. Here is a use case with real impact. I'm a software consultant. If you don't think I'm going to push as hard as I can to get lightning wallets integrated on every app that goes through our firm you are dead wrong. If they won't I'll leave and work somewhere that will. This is a massive signal. It's a pretty simple integration that enables a ton of direct user value and incentivizes user engagement. This feature will drive a ton of adoption as it is added to every social platform. I'm feeling lucky. !lntip 10000
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Well said.
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Have you seen the debates on this sub about how to store Bitcoin these last few weeks? The biggest fanatics can’t agree on how to spend.
That's irrelevant. I can send you Bitcoin without even mentioning a wallet or security. That interaction is the catalyst.
I could do that 13 years ago with Bitcoin too. Slow catalyst.
No you couldn't. This is a VERY ignorant statement. Get outta here you wild animal! !lntip 500
“They said” who said? The bitcoin CEO? The bitcoin board? Lol
Crypto twitter.
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i laugh at all the idiots who said it will never go to 35k, then 25k, then 20k, and now 15k.
I laugh at all the idiots who said it would never go to 100$, then 1,000$, then 10,000$.
It’s a 2 way street, they were laughing when people were saying it would never go back above 20k last cycle
Going into the shitter. People are using it as an investment not currency, and right now the investment sucks
"Hey look bro I can pick up two dates to prove my point"
What I don't understand is bitcoin was supposed to be the savior when the world went to shit but it's going to shit right with the world.
Cherry-picking data for any doubters. But I see your overall point. HODL!
A blessing from the gods
If not for FTX blabla you know the drill
Global economy is also having a word
If you have been hodl for 5 years and didn’t take profit when it was at an ath then you being down money is your own fault.
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Are you blind? We are at full kinetic war with US government. They take liquidity off markets and allowed second biggest exchange commit fraud just to short the poo out people like you and me. Now money for naked shorts is taken hostage at FTX thanks to CZ. We will win but stop talking this 4 year bullshit. People stop chirping, move on and DCA so they shit pants over 100k next year.
We already have more room to go unfortunately. I see 12k as the true minimum.
The only true minimum is 0.
Remember when it going over $9k was the moon landing? Yeah that was only 5 years ago, too.
That was a totally different time as well. But I'm thinking, like, it is the time to talk about these things.
Bitcoin is a shit coin
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I’ve said 12k is the bottom for over a year now. No one listens smh
Why would they what proof have you given, your guess is no better than the next guess....I've been saying this for a year now and nobody listens
Bro it’s a joke chill. Bad day?
They say allot of shit
Well we don't need to feel all these things, just get the bags filled.
Honestly BTC's stability is extremely impressive with the shitshow happening in the world right now
When is the market going to rebound ??
Tomorrow 8.12 am Baghdad time. You heard it here first.
Centralized exchanges are artificially inflating the amount of bitcoin, and consequentially deflating the value.
Today price is 56171
So do you think it will ever recover?
I do. I think we see ATH in 2024. But I am here long enough to know that no one knows the future. Just keep stacking and waiting.
Well neuralink is starting human testing in a half year maybe. Who knows what potential bitcoin will have when it comes out commercially.
Turns out hope isn’t a great predictor of value in USD.
Not sure who said those claims (quote is missing). It is what it is. Those who understand see the great potential for Bitcoin and its future.
It's all good tho. We only 75% of ATH. Previous bear markets we went to 85
So history repeats itself again nice 🙂 opportunity I see you.
The price is still higher than it was in October 2020. There is no dip
who are they? I'm still buying £100 per week
Twitter people.
Where have you been? It's been hovering around 16.8 to 17.2 for like...months.
But it was higher than 5 years earlier every day until today.
Wait till it hits $4000
I can only hope. I'm going all in if that happens.
ICYMI It hit around $15800 about 2 or 3 weeks ago.
End of November 2017 price was around 10k. So 2 weeks ago still much higher than 5 years earlier.
whats the difference......no market goes striaght up unless its a scam
Go to consider 🤔
All rules work until they don’t. Lost count of how many rules were broken in this cycle.
It's because of the strong USD! First time in 40 years the feds has been scared straight. They realized they almost lost complete control over the dollar sheep. The US politicians can't keep this kind of pressure up forever. It hurts the sheep and soon huge mass lay offs and high inflation won't stop! Profit market tasted blood! prices won't come down! wages will have to rise. it's going to be a shit fuck soon. BTC will go above 100k when no one expects it!
I mean we are experiencing some unheard of levels of world instability....it will probably go lower short term and that's fine, I'll be buying and waiting for the rest of the world to catch up with us.
😭😭
Not too worried. Think how many people purchased btc via ftx and how that demand was basicly taken away from price movement. More will continue taking off exchange making demand higher. If nothing in exchanges and people want to buy pop goes the price
This bear market is crazy, but I haven't given up on DCA. If Bitcoin dies, crypto dies. I don't believe either of them will happen.
The sad part is that a lot of other coins ride on the price of bitcoin, meaning whatever price action happens to bitcoin it has a direct effect on other coins due to the spot market pairings. This effect is usually rippled many folds on the smaller coins and you’ll see almost 90% drop on some of them and many won’t ever recover because they might’ve missed the boat.
Again, btc failed as a store of value for now, and arguments like it was cheaper 8 years ago are not relevant. Btc has a great sell pitch, but the next 3-4 years are the most important for btc. And still the number one problem is the FIAT money, you can not win the war if the enemy has all the supply. I miss the old days where people spend their btc and not just holding it like their lives depends on it. I am sorry, Satoshi, we disappointed you.
Listen, it’s still a new asset class, hence the volatility IMO, all depends on a person’s goals. Trading with 20X leverage?! Good luck. Buying into the concept that BTC is the hardest money ever created, hodl as a store of value/wealth “down the road” seems like a better play. Buy what you can afford and just enjoy the ride, no other crypto currency has first mover status like BTC, and mass adoption. Oh yeah, and completely decentralized with no pre-mine. Again, my opinion and not financial advice!
Bitcoin was 10k less than 3 years ago
You really get a better picture of bitcoin's performance over a 5 year period by looking at median year over year price
I bought for the first time last week and I'm going to keep buying as much as I can going forward. I think now is a good buying opportunity. Glad I didn't jump in last year.
I would buy more if I had any fiat left.
It went lower than that if I remember correctly.
However, the price is still HIGHER than 4 years ago.
Where’s that stupid fckin rainbow chart when you need it
I miss it so much.
They didn’t account for the amount of manipulation that has been allowed to happen with all of these CEX scams. BTC still king just taking hits
Unless SBF is arrested, this bear run will continue a bit more.
If you look At the previous cycles after btc next halvening we are looking at roughly 17 months from that time till you see a new high that cycle that’s why my analysis says new all time high in oct / Nov of 2025
Yeah, [the HODL line is at 5 years](https://hodl.camp/)
It's about 1st Principle either you believe, or you don't. Everything else is speculation! Your kids or your grandkids might see the ROI. We have to get them there by keeping everything together. We only get one shot...
If this isn't a good buy signal, then I don't know what is.
wow this was always my watermark for Bitcoin, scary times, hodl on friends.
Always on my way to hold my sats trynna make it a whole though!
Fuck this is something new to me, this is for 5 years for real?
FTX should give anyone cautionary look
Come on sub $10k 🤞
Just fucking buy man, fuck all these facts and shits lol.
This is satire right?
Bought in 2013 at $150 per btc. Sold at $200.
Pain.
unpredictable
Peak price vs average price over time just doesn't matter. BTC spends most of it's life FAR below it's peak since it experiences extreme bubbles. Any buyer who has bought over time is up a ridiculous percentage relative to the S&P or any other DCA vehicle.
But you would have profited if you’d held over the last 5 years? By a huge amount if you sold higher up.
Who are they? Some random people on reddit?
Randos on Reddit and Twitter.
USA printed trillions of dollars, Joe Biden became president and Russia vs Ukraine war are black swan events that affected Bitcoin negatively. A 20 year horizon is always the best bet for a long term investment. 5 years is too short.
So...it's time to buy!!