Nigger pls, i sold my house and bought in 2021 at 64k. Back in the day you got thousand and hundreds of % gains and could become rich on pocket change. Now we get 5% CAGR returns on the same volatility. Fuck off nigger faggot
Discussion
Youāve been around for 3 to 4 years. If you make it 10 years, your attitude will be different.
Absolutely š
thereās also no point comparing to previous highs, if youāre not going to compare to previous lows. Let alone that thereās so so so much more support to hold your hand through it these days.
Actually, I think he is Greek because he can turn Baklava into bitcoin, it seems all you can do is turn tears into verbal venom. Cry harderš
He does have a point though. In inflation adjusted terms he is only just breaking even. That is unless he DCAd the entire amount. It requires a restraint best automated in that case. I would love 500k that I could DCA 1K per day.
In tight monetary conditions and unless CGT is eliminated. Real estate has outperformed In his particular case.
Agree, in 10 years your perspective will be different.
That only matters if youāre selling right now. You bought near a top, and youāre comparing to right now in a sizeable drawdown from a grind year in a terrible macro backdrop..
Anyone who buys near a cycle top has to wait. But at least the hype got them on the train, because they do reap the rewards. People who bought like you but in 2017 had to wait 3 years just to ābreak evenā. But now theyāre happy af that they bought. Itās the same for every hodler.
Those massive gains you fomo on only apply to
- the few that timed it from sheer luck (donāt ignore how big those downsides were and how many got wiped out)
- or the many that raised their time preference and just kept holding through the downtime to the next leg up
A loss only occurs when you sell. So just donāt sell and donāt worry.
Your time will come and youāll be thankful you didnāt let emotions shake you out of the market.
Raise your time preference, donāt even worry about the price. Soon youāll have first cyclers accusing you of having it too easy the next time around.
Nah, if he'd have bought gold in 2021 from the money from selling his house, he'd be in a much better place now. He bought the wrong thing, that's all.
š I canāt tell if youāre shit stirring or if you think cherry picked hindsight is useful.
His āgold outcomeā didnāt outperform his Bitcoin unless he actually sells the dip.
Just like your house doesnāt get smaller when the market dips - itās just volatility.
What outperformed Bitcoin was a bad entry, not gold itself.
If he bought BTC:
- 1 year earlier
- 1 year later
- Or on literally any DCA schedule
- with any cash buffer
- with any kind of risk management
ā¦his outcome would be dramatically better than gold.
The problem isnāt Bitcoin. The problem is
- trading in your house
- To buy near the exact top
- with a short time horizon
- without a plan for volatility
Gold cant save you from a move like that ā it just hides it by being slow
And for the fella who bought at 61k ā youāre not screwed. Its gonna be fine.
You only lock in the loss if you sell. Every past cycle shows that the worst entries eventually turn into strong positions, as long as you give bitcoin a long enough runway.
Even 2017 ATH buyers (who had worse timing and worse drawdown than you) ended up about 3.5 x up just by holding into the next full cycle.
Your job now isnāt timing ā itās patience.
Stay solvent, zoom out, and donāt let a bad entry turn into a bad exit.
The wider point is this. Investing in one thing is dumb. If someone bought gold exactly one year ago and sold their gold today and bought bitcoin then they'd have a lot more bitcoin than if the bought bitcoin one year ago. Not so brain-blowing really. Time your bets.
People here have this mentality that bitcoin is somehow sacred, and that you need to buy it and hold it forever for weird holy reasons of some kind, relating to the future of humankind and something else that demands a classical music interlude.
Bitcoin is passed puberty now. If you bought pre-puberty Bitcoin, good on you, you enjoyed the growth spurt. Now it's just another store of value, in a never-ending tussle with gold and lots of other things and it'll have good days and bad daysābut there is no "next level" where it somehow transcends this never-ending tussle.
Yeah agree on timing and going all in being high risk.
But what do you mean pre and post puberty? Iāve heard people say that kind of thing about it for 12 years..
Just means time of crazy growth is over. Bitcoin is now a known quantity among every group with the money to buy it (and thus affect it's relative value), including now institutional investors, sovereign wealth funds and the like. This 'becoming of a known quantity' has happened over the past three years.
Other words, most of the human brains that control enough money to affect Bitcoin's value have formed hardened opinions about where it can go.
Money isn't real, don't forget. The operating system for all money is the human brain, and specifically the human imagination. Bitcoin, the dollar, USDT, Sol, these are all just apps that runs on that same OS.