1 btc is now a serious goal that is likely unobtainable unless you have crazy conviction, low time preference, and a high paying job. Insane .
Discussion
Getting that way. $67K is alot of money
It’s going to start running away too. It won’t be trading sideways for much longer
Must be wild to see that being the case for people that were able to scoop whole coins for under $500 8-9 yrs ago
What were people’s goals then? 100btc?
Naw less, it was usually the block reward of the era if any fixed goals. Most Ppl weren’t allocating as much money back then bc it was much riskier and we were poorer . There was less monetary inflation too so the dollar bought more in general. Hindsight is 20/20 . Dabbling in it vs treating it like an asset that will go up forever
Interesting
Yeah makes sense. Makes nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs selling his car and driving a moped that much more impressive.
When would you say people felt risk was low enough to go mostly or all in? 2020?
Yeah by end of 2020 it was pretty much derisked from a trading perspective. Everyone basically thought we would hit $1000-$1500 again at the $3500 2019 bottom but once they were all wrong and it hit $20k again at the end of 2020, it was clear it was not going away . Yeah hodl was def an outlier back then. He also was at the end of 2018 when he was posting screenshots of him buying multiple full coins at the bottom when everyone was saying we were going lower. That’s when we first knew we were alike cuz I was going hard too to make up for the selling the bottom in 2015 . That was my second chance
I’m sure march 2020 felt like a second mulligan haha
I’m pissed my first touch with bitcoin was in 2019 by some dude giving a talk about “blockchain technology” at a job fair. Never said anything about NGU so I was like cool and moved on lol
Thank god I came across max keiser later on who was the polar opposite 😂
Yeah March 2020 was a wild day. My friend actually doubled his stack that day by selling the top and buying the bottom (with my help on the bottom that he is eternally grateful for). Again everyone thought it was going much lower and I was like uhhh bro you should prob buy back in now and he bought under $4k
The trade of a lifetime haha
The dca talibaners wouldn’t even believe it. “No one can time the market!”
21 club was the common goal. Which used to mean 21 bitcoin. At some point it switched to meaning 1 bitcoin. But back in the day it was always 21.
I thought $10k was expensive 4 years ago as I was figuring it out.
I wish I'd known then what I know now.
$69k is a steal but as you say, out of reach for most.
Yeah it’s hard to get over unit of account bias. Unless one understands scarcity and has conviction, all of these figures will seem insane and that we missed out. Especially if following price from the sidelines. But have to just jump in the arena. Not easy like the ops parrot
100%
I felt like I missed the Bitcoin boat for years but kept grinding away & stacking through the last bull & bear. I figured you needed hundreds of Bitcoin to be wealthy 😆
Stay humble & stack sats, is still the best advice.
It was a real mind fuck but glad I pushed through.