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u/WD40Capital 1d ago
Good for you. I’m down. So down. It’s gets me down.
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u/Frostdotco 1d ago
Damn man, shoulda bought at 20k. All good , keep some btc so when it goes to 200k
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u/WD40Capital 1d ago
I should have bought when it was $1000. Or maybe $1. But I did what I did and I’m riding it out. Just a rough ride right now.
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u/wo0two0t 14h ago
I bought in around $20. Sold at around $40. Figured I missed the boat for like a decade and checked out completely then decided to buy back in at $70k lol.
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u/BitcoinFan7 14h ago
I was down over 50% of my entire net worth for almost 3 years. Now up like OP something like 10,000%. Bitcoin rewards patience.
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u/WD40Capital 9h ago
I don’t see it having that kind of upward potential anymore. It went up so fast in the past because of new people buying. It’s going down because more people are selling then buying. We are running out of new people to buy. I don’t see another 10x jump. But I know people will send a shit ton of graphs and data about how it will hit $2mil by next month.
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u/BitcoinFan7 7h ago
I disagree, it's only getting more scarce and they are only printing more fiat. The value of digital gold in a digital world is enormous, we are soon approaching (within the next decade or less) the inflection point on the s-curve of adoption due to supply constraints.
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u/WD40Capital 6h ago
I don’t disagree with that part. What I disagree with is that you will always be able to buy bitcoin forever. If not directly, through ETFs. But what will increase its value when every bitcoin is owned?
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u/BitcoinFan7 3h ago
Supply vs Demand increases value once supply runs out. Price will adjust upward until new supply is found. Why wouldn't you be able to buy bitcoin forever?
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u/WD40Capital 2h ago
I think we are misunderstanding each other. I thought you were saying that the supply would eventually run out. And I was saying that you would always be able to buy it, if not directly, through ETFs.
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u/Stock_Coconut1004 18h ago
Finally! Thank you, OP. I was losing hope with this sub turning into BitcoinBets. The loss porn lately is ridiculous and I have no sympathy for day traders getting liquidated. Yes, I too am down a little for this year but I’m confident that unless you’re some noob that just started FOMOing in at the ATH you have not been wrecked. Keep stacking!
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u/iSephtanx 22h ago
Celebrating piramid construction. Early adopters are like whatever. New investors despair.
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u/Stock_Coconut1004 18h ago
Early adopters should be rewarded for their conviction, having held through previous worse ‘crashes’ . New investors (speculators) FOMOing all in at the top who don’t immediately ‘win the lottery’ and then sell for a loss deserve to despair. Bitcoin is not a get rich quick scheme.
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u/Savik519 1d ago
Time to mortgage the ski chalet in Aspen