Replying to Avatar Humble Bitcoiner

Imagine witnessing Bitcoin go from $0 to $100,000 over the years and still saying it’s a scam
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Silberengel 7mo ago

$100k doesn't impress anyone, anymore, as it's only the equivalent of $68k from back then.

One Bitcoin will buy you two nice SUVs, and hardly anyone has a whole one, or even half of one. And the people who do have a whole one often have lots of other assets. There are 210 million Bitcoiners and 21 million Bitcoins, so you do the math.

I'm just saying.

It just seems, to them, like we played the crypto casino and won. Same as people who got in cheap on NVIDIA played the stonks casino. I have a relative who won more money than my Bitcoin is worth, playing the slot machines on vacation.

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DaddyJones 7mo ago

For a wealth standpoint maybe but it’s so much more then that this proves the concept of bitcoin even through a world recession just buy hold and wait IMHO

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Ronin 7mo ago

bitcoin wont make you rich overnight, it does not matter if you dont have a whole bitcoin, bitcoin allows you to save, this is not comparable to a casino, its not gamble, its savings, even if tou win a prize at a casino you will need to save what you dont spend right away. bitcoin wil make you rich in slow motion, the same way inflation makes you poor in slow motion in the best scenario.

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Silberengel 7mo ago

Yes. You know that. I know that. But most Bitcoin influencers don't know that.

If you have €500 of Bitcoin and it becomes worth €50000 five years later, those are incredible returns, but you still can't buy a Lambo.

Probably still better than holding €500 of any other asset, tho.

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Marc Kat 7mo ago

Yeah, but your relative's slot machine winnings go down every year. I bet the money is already gone because there is no reason to save paper.

Stack as hard as you can for three halvings. Buy used cars. Avoid debasement by shopping garage sales. Cook your own food. Live in as cheap of housing as you can.

I've only made about 30k USD per year for most of my life. These all time highs are bigger than anything I imagined the first time someone gave me a $1.50 worth of bitcoin. That $1.50 is now worth more than a weeks pay for me, but it's not like I went all in in 2014. I used that small amount to study for 6 months before I bought any.

It's not like NGU stops at 1M.

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Matt 7mo ago

On average, people who stack sats strategically are better off than the average gambler. I agree that the numbers aren't so impressive at every point in time, but my life has gotten cheaper over time when I zoom out.

It does all seem a bit stunted given everything going on adoption wise, but that is my imagination. Maybe it's just harder to move a larger beast now?

It's at least protecting me, which is the whole point really. It's interesting seeing all the fiat perspectives and how it impacts sentiment. I saw a case for comparing to gold charts that I'm starting to agree with.