Bitcoin

[Silver Wings]

I’m not trying to kick anybody when they’re down, because I’ve been there, but if the current BTC volatility and resulting price drop was a surprise to you then you really need to reconsider who you’re listening to. The TA guys have had this more or less pegged for months. I have come to totally disregard anything Saylor or Pompliano or Natalie Brunelle has to say. It’s always rainbows and unicorns with them. That said, if the plan is to buy and hold then I don’t think you can go wrong…in the long run. If you’re trading they’re going to get you reckt, unless you just luck out on the timing.

 

[Kornet]

In 2010/2011 I decided to drop $500 on some, I think at the time it was around $8-10 a coin.
Took it and put it into a secure cold wallet and on a drive that I then locked up in a separate safe and forgot about it.
I’ve watched it go up and down during the time and a friend that also bought some when I did will call me up all the time telling me what the market is doing and he stresses out about it and all I do is laugh as it’s out of my control and if it crashes oh well, ive lost $500 on dumber things.
The only time ive opened my wallet is to sell a fraction in 2023 to buy the wife a new vehicle otherwise it stays off any market or anything where it could be stolen.
Right now according to my note there are 55.25555xxx coins in my wallet.
I figure if the price goes up to an amount I’m happy with I’ll sell a few complete coins and go hunt Africa for a month or send the wife and kid on a round the world trip.

The best thing to do is to buy them at a good price and “forget” about them and do not keep them in a market no matter how secure they say they are.

 

[WoodDuck]

Cherry picking time frames to compare performance is misleading. Why choose a 5 year time frame? Bitcoin is up ~700% in 6 years. The fundamentals have not changed. Bitcoin converts energy into a store of value. Individuals can send (and carry) that value anywhere they please without approval of a third party. I’m not a chart wizard (though I envy those that are) and have no idea where price will be a year from now. The purchasing value of your dollar is decreasing every day, so invest where you have confidence and live your life.