Title: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: Findingnemo on May 27, 2024, 02:00:30 PM https://www.talkimg.com/images/2024/05/27/LNAP2.png
One more thread to make people to realize the significance of HODLing with bitcoin and as the picture says whoever bought bitcoin with their stimulus check will have over $12K in their portfolio value which is around 900% growth in a cycle we still have time to accumulate bitcoins instead of regretting the missed opportunities. Anyone bought bitcoin with their stimulus instead of groceries? Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: SquirrelJulietGarden on May 27, 2024, 02:48:07 PM It is impressive profit after 4 years but if you did not have $1,200 to buy bitcoin in 2020, you can do DCA.
With $33 for monthly DCA, last four years, you will spend $1,221 so far, and its value now would be $2,500. Profit is good enough with small $33 DCA every week. You need to be disciplined with DCA, stack bitcoin ups every week, and now your investment is good with 109.73% up. Code: https://dcabtc.com?sd=2021-05-27&sda=3_years&f=monthly&d=4_years&ac=3300&c=false ROI table or ROI chart of Bitcoin will make some newbies shocked. https://casebitcoin.com/charts#roi_chart Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: Upgrade00 on May 27, 2024, 03:04:11 PM With $33 for monthly DCA, last four years, you will spend $1,221 so far, and its value now would be $2,500. Profit is good enough with small $33 DCA every week. And for most of the time from 2020 till now we've been in a bull run with very high prices, yet one still comes away with a profit when they DCA. If you DCA then and do so during a bear market when the price is low and dropping, the profit margin will be way higher than that.Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: SquirrelJulietGarden on May 27, 2024, 03:25:07 PM And for most of the time from 2020 till now we've been in a bull run with very high prices, yet one still comes away with a profit when they DCA. If you DCA then and do so during a bear market when the price is low and dropping, the profit margin will be way higher than that. With DCA, less stress for investment and with a long bear market like 2 bearish year and one warm up year before a bull run, investors have many months for DCA.With DCA, with many months, they will not need to find bottoms but DCA can help them to average their entry price around bottom price and it will bring very good profit in a bull run. With DCA during a long time like 3 years, total money spent for investment will be surprisingly bigger than imagination of investor. We don't realize how much money we spent for investment, with DCA regularly, after 3 or 4 years. If we check it after 4 years, it will shock us and with profit from DCA, like x2 or x3 from bottom price, portfolio value will be bigger a lot. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: thecodebear on May 27, 2024, 03:26:34 PM That's a cool fact! I think simple facts like that will make people pay more attention to Bitcoin than trying to explain why Bitcoin is so great. It has a great "wow!" factor. You show someone this graphic and they are gonna start thinking about why they are missing out on Bitcoin. Then they start learning about Bitcoin and start understanding they absolutely should start owning bitcoin. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: Casdinyard on May 27, 2024, 04:43:41 PM https://www.talkimg.com/images/2024/05/27/LNAP2.png These kinds of posts FOMO the fuck out of the paperhands on twitter who think bitcoin's going to be the solution to their poverty. So when they spend and invest money on it and find out it's not making them any richer any quicker than they hoped to, They sell and swear against it, urging even more people to hate on it which hampers with the progress of bitcoin in general, cause instead of having newer people who are more supportive of the coin and are gonna hold no matter what, instead we have more haters who are going to swear against bitcoin even if it became the signal to the second coming of Jesus Christ. One more thread to make people to realize the significance of HODLing with bitcoin and as the picture says whoever bought bitcoin with their stimulus check will have over $12K in their portfolio value which is around 900% growth in a cycle we still have time to accumulate bitcoins instead of regretting the missed opportunities. Anyone bought bitcoin with their stimulus instead of groceries? Anyways, just goes to show how profitable bitcoin is even if it's not that "profitable" to us. Consider the fact that this is when bitcoin's still sitting comfortably in the 10k mark, what more could you have gotten if we reach newer heights in this upcoming bull season, which is bound to happen since that is the trend that bitcoin seems to follow through anyway? Just gets me more excited to invest in and hold the fuck out of my coins until the heat death of the universe, LOL! Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: Don Pedro Dinero on May 27, 2024, 04:54:12 PM Anyone bought bitcoin with their stimulus instead of groceries? What you have to think about is that the stimulus cheque stimulated price rises. Everything, going to the supermarket today is much more expensive than in 2020, buying a house is much more expensive today and buying bitcoin is much more expensive in 2020. So I would blame the stimulus cheque rather than thank it. Besides, it's a biased way of doing the maths. The price of bitcoin ranged in 2020 between $5,000 and $30,000. For the sake of accuracy, I'm going to assume an intermediate figure of 17,500, since the checks were given after the March 2020 crash. That would be 4x, and instead of the $12,192, it would be $4,800. And if you got it at the end of the year, it would be 2.5x, or $3,000. So I don't buy the hype, no matter how pro-bitcoin I am. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: dothebeats on May 27, 2024, 05:19:32 PM This has been the hype before honestly. There are a lot of people who actually bought bitcoins or crypto with the stimulus checks they received at the height of the pandemic. Those who did were actually smart enough to take their chances and have probably reaped the sweet rewards after.
I remember that time I was also actively buying bitcoins and ETH thinking that my expenses were dramatically lessened given that I'm working remotely and I don't have to pay for transportation or gas. The rest of what I am supposed to spend outside goes to bitcoins, and it has been something that I'm actively doing even today. Lots of times I have my coins more than what I put in and it never failed me, all because I believed in bitcoin and took the chance whenever I have it. If you missed these 'checkpoints' you can still DCA and get good returns eventually. You just have to be consistent at it and make sure that you are not selling immediately whenever the price rises. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: BABY SHOES on May 27, 2024, 08:20:03 PM The fact that HODling is the real winner That's a strong hand as a holder.
Been working with DCA for over a year now and what we will see is how the portfolio grows, maybe more than 200% or even more especially when I expect 500% gain in the next cycle. Maybe there are still many people doing that since 2020 has not been sold until now they are strong hands but somehow my hand must be itching because I want to sell it when ATH 2021. ;D Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: Faisal2202 on May 27, 2024, 09:03:15 PM OMG why are you posting this haha, people will feel bad now, well BTW we should learn from past mistakes and analysis, so, you posted a good thing, as it made us realize the importance of investing and holding BTC in compared to trading it which requires us to bear more stress while in holding we bear lesser. Overall, holding has more benefits than trading, and we all know to do holding first we must have an investing mindset. People getting this fund, are might be in need, or have other expenses, why would they think of investing it in BTC at that time?
TBH, me when get some bonuses or money either from airdrops or from other sources, I don't think of investing it in BTC I think of using it to pay off debt or to meet other expenses. I don't know if it's natural, whenever I get money, or get the news that I am going to receive money, expenses come into being don't know from where. It's like they somehow know I am going to get money 😂. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: nelson4lov on May 27, 2024, 10:47:44 PM Darn! That's an interesting fact. Unfortunately, there's no statistics to show how many of the stimulus folks bought Bitcoin with their stimulus check. It would be an interesting fact to know and even more interesting fact would be how many of them are still holding? Thar FTX collapse would've shaken off plenty of plebs. My key takeaway from this thread is that Buying Bitcoin during the dips have proven to be a solid ROI opportunity. It would be interesting to see how much higher bitcoin can go as new bitconers buying at this prices hope to sell higher.
Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: SquirrelJulietGarden on May 28, 2024, 02:02:17 AM Darn! That's an interesting fact. Unfortunately, there's no statistics to show how many of the stimulus folks bought Bitcoin with their stimulus check. It would be an interesting fact to know and even more interesting fact would be how many of them are still holding? It is more realistic to think that most of people received that stimulus check already spent it when a new bull run comes. They mostly are not seriously with it as a long term investment so they have no reason to hold it for a long time.Quote Thar FTX collapse would've shaken off plenty of plebs. My key takeaway from this thread is that Buying Bitcoin during the dips have proven to be a solid ROI opportunity. It would be interesting to see how much higher bitcoin can go as new bitconers buying at this prices hope to sell higher. FTX fiasco is terrible and it makes capital of many people vanished within a week and severity of this fiasco can be bigger than Terra collapse because FTX is a big exchange with millions of users and it is related to many other companies too.However I don't see connection between people who have stimulus check and FTX fiasco. The following website has more information about stimulus checks. https://www.bitcoinstimulus.net/totalstimulus To be honest, I don't know about the stimulus check story but years ago, there was massive airdrop with $100 in Bitcoin to MIT students. It was distributed in 2014 and most of students sold their bitcoins to enjoy. MIT students to get $100 worth of bitcoin from Wall Street donorHow many of them hold their bitcoins till 2024? MIT students to get $100 worth of bitcoin from Wall Street donor (https://www.theguardian.com/technology/2014/apr/29/mit-student-bitcoin-wall-street-donor) Quote Undergraduates at the Massachusetts Institute of Technology will be given $100 (£59) worth of bitcoins when they return to study this autumn, in an attempt to jumpstart a bitcoin ecosystem. The project is being led by Jeremy Rubin, 19, an undergraduate in his second year at the university, and Daniel Elitzer, an MBA student at MIT's Sloan School of Management. Between them, the pair have raised more than $500,000, principally from Alexander Morcos, an MIT alum who works in high-frequency trading in New York. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: peter0425 on May 28, 2024, 02:22:08 AM Anyone bought bitcoin with their stimulus instead of groceries? Who is buying a $1200 worth of groceries, man?Anyway, if you need to sacrifice groceries which is a basic human need, then you should look for other methods in order to earn from investing in bitcoin. Lots of people would have had a hard time coming up with a $1200 to invest in bitcoin especially 2020 where the pandemic first broke out. Many people sold their bitcoin because they needed the money as they all have lost their jobs and livelihoods unfortunately. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: yhiaali3 on May 28, 2024, 02:31:25 AM A really interesting comparison, Bitcoin's 900% growth in just one cycle from 2020 to 2024 is really amazing, I'm looking forward to seeing what the growth rate will be after two or three cycles from now.
I guess after two or three cycles the same comparison will be made and people will wish they had bought at that time, after 10 years those who didn't buy now will regret it and say how stupid we were for not buying cheap in 2024 :P!!! So there is still time to get started on DCA. Everyone who is present now and neglected DCA is sure to regret it in the future when they see the prices and compare them to the present time. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: LogitechMouse on May 28, 2024, 03:18:03 AM ~ This is the biggest "What If?" on this one. One more thread to make people to realize the significance of HODLing with bitcoin and as the picture says whoever bought bitcoin with their stimulus check will have over $12K in their portfolio value which is around 900% growth in a cycle we still have time to accumulate bitcoins instead of regretting the missed opportunities. Anyone bought bitcoin with their stimulus instead of groceries? Did most of those who got the stimulus in 2020 kept it and instead of buying groceries, they invested it and bought some Bitcoin. There might be some who did, but most I believe didn't do it. I mean during that year, people are having a hard time on everything. Some might not have any emergency funds at that time to help them in times when they needed it. There are some people who lost their jobs at that time hence, they needed money to survive. There are some who prefer to survive than the possible profits that they can get thus, they used that stimulus to buy some goods. I believe only a few people bought Bitcoin at that time, but for those who have bought it, congratulations because you have a huge profit currently. It's just amazing that Bitcoin outpace other asset classes in terms of profitability. Anyway, those who have emergency funds might use some of that stimulus to buy Bitcoin, but those who doesn't, didn't invest it at all. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: Maus0728 on May 28, 2024, 04:29:46 AM Imagine if that was the thing in my country too, people would be celebrating, I guess some people just don't really trust the process with bitcoin investing. I can understand why some people don't even do it too, I mean there are people out there that would have more use of that stimulus check at that moment rather than using it for investment. I hope that this will also be another reminder of the fact that bitcoin is going to be going up and never going down, any doubts will always led you to regret in the long-term.
Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: btc78 on May 28, 2024, 04:50:24 AM I guess after two or three cycles the same comparison will be made and people will wish they had bought at that time, after 10 years those who didn't buy now will regret it and say how stupid we were for not buying cheap in 2024 :P!!! People still regret not being able to have known about bitcoin at 2009 and not investing at an early time. Now it's 2024, people should focus on how they can accumulate as much as they can. We are living in today and we are seeing history be made right in front of our eyes. I am sure bitcoin will reach $100k and we would all look back and the now $60k~$70k seem much cheaper than the price it will have in the future. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: adaseb on May 28, 2024, 05:11:03 AM I remember when it became popular to "spend your stimulus check on Bitcoin" back in 2020 and 2021. Back then bitcoin wasn't really going anywhere unlike the stock market. So many people suggested it would of been better to just buy GME with that $1200.
However after it started to rally and Elon started to buy, its when all these $1200 turned into $XXXXX started to pop-up. However later on it was pretty much too late, bitcoin rallied hard and the ship has sailed. Wonder how many actually held till now if they actually bought bitcoin with the $1200. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: davis196 on May 28, 2024, 05:59:31 AM I agree with your point about investing in BTC, but there's a problem.
Stimulus checks weren't supposed to be spent on investing and buying crypto. The government wanted to help the poor and unemployed during the COVID lockdowns, so the stimulus checks had to be spent on food, gas and bills. I hate the concept of "helicopter money" because it boosted the inflation into another level. However, maybe the stimulus checks and all the money printing that has been done during the pandemic helped in boosting the Bitcoin price to levels above sixty thousand dollars. What if there wasn't any aggressive money printing and "helicopter money" during the pandemic? Would the BTC price hit levels 60K USD? I really don't know. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: pooya87 on May 28, 2024, 06:21:13 AM What you have to think about is that the stimulus cheque stimulated price rises. Everything, going to the supermarket today is much more expensive than in 2020, buying a house is much more expensive today and buying bitcoin is much more expensive in 2020. So I would blame the stimulus cheque rather than thank it. Although injecting money into economy like this always has its negative side effects but if you do some quick calculations you'd realize that the entire stimulus package program was too small to be blamed for the inflation situation today.For example the checks people received was coming from a $2.3 trillion budget and it was only a small portion of that budget. The rest went elsewhere like $500 billion of it went into government loans to companies, $349 of it went into other loans to small businesses, $150 billion of it went directly to local states and governments. Now compare that one time amount with the $1 trillion the US government has been printing every 100 days and you'll realize how miniscule that stimulus package's effect on inflation was... Effects of it on bitcoin price has been even smaller because generally people are not making investments in a recession. In fact this is why price doesn't like rising these days since most of the world has been in another recession for the past 1-2 years. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: Findingnemo on May 28, 2024, 08:11:19 AM These kinds of posts FOMO the fuck out of the paperhands on twitter who think bitcoin's going to be the solution to their poverty. So when they spend and invest money on it and find out it's not making them any richer any quicker than they hoped to, They sell and swear against it, urging even more people to hate on it which hampers with the progress of bitcoin in general, cause instead of having newer people who are more supportive of the coin and are gonna hold no matter what, instead we have more haters who are going to swear against bitcoin even if it became the signal to the second coming of Jesus Christ. Bitcoin is not the solution to eradicating the poverty of this world but this just explains why the rich getting richer and the poor getting poorer, this is just to make people who are weak hands and trading in the short term to make pennies can realize what is the potential reap when they do nothing but simply buy and HODL bitcoin that they bought earlier. Anyone bought bitcoin with their stimulus instead of groceries? What you have to think about is that the stimulus cheque stimulated price rises. Everything, going to the supermarket today is much more expensive than in 2020, buying a house is much more expensive today and buying bitcoin is much more expensive in 2020. So I would blame the stimulus cheque rather than thank it. Besides, it's a biased way of doing the maths. The price of bitcoin ranged in 2020 between $5,000 and $30,000. For the sake of accuracy, I'm going to assume an intermediate figure of 17,500, since the checks were given after the March 2020 crash. That would be 4x, and instead of the $12,192, it would be $4,800. And if you got it at the end of the year, it would be 2.5x, or $3,000. I did the match before posting this, not simply posted it. The price of 1BTC was around $6500 at the end of the March 2020. https://www.talkimg.com/images/2024/05/28/L3A7G.png Now, Let's do the Math $1200/$6500= 0.1846BTC then 0.1846BTC x $70,000 = $12,922 The numbers are a little bit higher than what's mentioned in OP. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: nullama on May 28, 2024, 08:41:14 AM Just like we have the Bitcoin Pizza Index (https://bitcoinpizzaindex.net):
https://www.talkimg.com/images/2024/05/28/L3nLZ.jpeg We should now have the Stimulus Check Index ;D Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: khalidkhan82118 on May 28, 2024, 08:46:38 AM It's impressive to see how much Bitcoin has grown over time! Investing in Bitcoin with a stimulus check certainly paid off for those who held on. Did anyone here choose to invest their stimulus in Bitcoin?
Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: MinoRaiola on May 28, 2024, 02:03:08 PM I always find such comparisons nice to look at. You can basically do the same with many other things if the current point in time is a good one for Bitcoin and the starting point was a possibly worse one. I remember El Salvador and all the FUD that led to a time slot where Bukele didnt look good because bitcoin dropped a lot. The media poorly represented him and thought his strategy was bad. Of course, things look very different today and he is right with his decision, only the media is not celebrating him. So such comparisons always need a good starting point, then they looks good.
Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: pinggoki on May 28, 2024, 02:37:09 PM As much as someone can regret not investing in bitcoin at that time when they've got their stimulus checks, I think that they're better off spending that money for their daily needs because money's hard to come by at that time and I think that priorities should be straight during those times. But maybe if there was some way that people were able to keep all of their stimulus checks, I think that they'd be reveling in riches today right now especially if they did sold at the peak back then and buyback when the price of bitcoin did go down. It's a really crazy time for us and at the end of all of this, it just goes to show that bitcoin really is king and that the hodlers will be the winner at the end of the day.
Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: darewaller on May 28, 2024, 04:04:42 PM This is quite obvious, we weren't even at 20k back when the check thing at USA happened, which is why I would assume that having this type of appreciation isn't really shocking. Obviously this only happened in few nations, in my nation nobody gave "free money" to anyone, that really isn't really a concept we are aware of, USA talks about how they are not communist and quite capitalist instead, but they distributed free money to everyone which was a quite big shocker, in the end holding bitcoin would have helped of course.
Anyone bought bitcoin with their stimulus instead of groceries? A lot of people who got that money, needed the money to begin with so they ended up just spending that money to survive, not invest, hence not many of them could afford investing that money to bitcoin. But, considering it was 2020 and not 2010 which means if you would have believed into bitcoin then might have chosen bitcoin for that fund.You need to be disciplined with DCA, stack bitcoin ups every week, and now your investment is good with 109.73% up. The growth % in DCA usually in lower side because you are buying even for the current month and including that for profit percentage calculation. I mean DCA is for different purposes like it is a solution for not having a big money at the beginning itself. So, never need to mind about growth percentage for DCA because sometime it may discourage you if you do not fully understand the percentage of appreciation while doing DCA.Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: btc_angela on May 28, 2024, 05:39:52 PM Yeah, I think I remember this one way back, and if I'm not mistaken, this is not just one time stimulus check if my memory serves me right. And we have seen other posts as well that some people might have used it to buy Bitcoin during that time, but maybe they sold it already when we it all time high the following year with a good price of $69k. So it's almost the same profit though, so what's important is that it's a free money and then you make huge profits about it.
However, on the other side of the spectrum, there could be non-crypto individuals who just uses that money because as we all know, during that time we really don't know what's going to happen to us and majority have lost their jobs. So it's a hit or miss, but for those who bought and sold it at the right time, then good for them. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: Z-tight on May 28, 2024, 05:50:08 PM It's impressive to see how much Bitcoin has grown over time! Investing in Bitcoin with a stimulus check certainly paid off for those who held on. Did anyone here choose to invest their stimulus in Bitcoin? The post isn't about literally investing your stimulus check in BTC, but about how great of an investment it is to buy and hold BTC. It does not matter which 'check' you use, and you don't have to make a one time purchase of $1,200 dollars, you can buy lower amounts, and choose how often you want to buy. The message here is that BTC is a profitable asset in the long run, and not just that, you can control your money without the help of any central authority.Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: kryptqnick on May 30, 2024, 05:28:48 AM Besides, it's a biased way of doing the maths. The price of bitcoin ranged in 2020 between $5,000 and $30,000. For the sake of accuracy, I'm going to assume an intermediate figure of 17,500, since the checks were given after the March 2020 crash. That would be 4x, and instead of the $12,192, it would be $4,800. And if you got it at the end of the year, it would be 2.5x, or $3,000. That's a fair point, but perhaps the calculations are based on when the stimulus checks were distributed. I'm not 100% sure on the timeline here, but from what I've seen, it seems it was in March 2020, so the calculations are probably based on the price back then. But Forbes made an article about people buying Bitcoin with stimulus checks closer to the end of April, when the price was somewhat higher (but still around $8k, which is good in terms of profit).So I don't buy the hype, no matter how pro-bitcoin I am. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: Zlantann on May 30, 2024, 05:58:10 AM These kinds of posts FOMO the fuck out of the paperhands on twitter who think bitcoin's going to be the solution to their poverty. So when they spend and invest money on it and find out it's not making them any richer any quicker than they hoped to, They sell and swear against it, urging even more people to hate on it which hampers with the progress of bitcoin in general, cause instead of having newer people who are more supportive of the coin and are gonna hold no matter what, instead we have more haters who are going to swear against bitcoin even if it became the signal to the second coming of Jesus Christ. Bitcoin is not the solution to eradicating the poverty of this world but this just explains why the rich getting richer and the poor getting poorer, this is just to make people who are weak hands and trading in the short term to make pennies can realize what is the potential reap when they do nothing but simply buy and HODL bitcoin that they bought earlier. Bitcoin will not stop poverty in the world but it is making the poor rich. Many people that wouldn't have ever gotten wealthy are now rich because they kept their coins for a long time. Indeed, the coin shouldn't be advertised as a medium to get rich quick but this doesn't dispute the fact that people are getting rich from it. People work for thirty years and receive a small amount as gratuity, but imagine if such funds were invested in Bitcoin. Some people keep money in a fixed deposit account for many years and get less than a 10% rate; keeping Bitcoin would have given more profit. The greatest problem of the poor is the lack of information and the inability to take risks. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: God bless u on May 30, 2024, 06:08:05 AM https://www.talkimg.com/images/2024/05/27/LNAP2.png okay so this makes it a good option for a long term investment but can you please elaborate the performance of this project overall during this long tenure.One more thread to make people to realize the significance of HODLing with bitcoin and as the picture says whoever bought bitcoin with their stimulus check will have over $12K in their portfolio value which is around 900% growth in a cycle we still have time to accumulate bitcoins instead of regretting the missed opportunities. Anyone bought bitcoin with their stimulus instead of groceries? It's very important if you're a daily or a weekly trader. The performance should be good overall In order for them to gain enough amount of confidence to invest in these projects. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: Assface16678 on May 30, 2024, 06:56:46 AM It's impressive to see how much Bitcoin has grown over time! Investing in Bitcoin with a stimulus check certainly paid off for those who held on. Did anyone here choose to invest their stimulus in Bitcoin? The post isn't about literally investing your stimulus check in BTC, but about how great of an investment it is to buy and hold BTC. It does not matter which 'check' you use, and you don't have to make a one time purchase of $1,200 dollars, you can buy lower amounts, and choose how often you want to buy. The message here is that BTC is a profitable asset in the long run, and not just that, you can control your money without the help of any central authority.That's the importance of patience in crypto currency investment. If you want to earn and maximise the profit without trading and other things and just relax while waiting, then holding an asset for a specific long term will give you that kind of profit that will surely be beneficial for the investor. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: CODE200 on May 30, 2024, 09:49:55 AM That's a really good reminder to everyone that just trust bitcoin and you will never stray far away from it and in the long-term, the profits that you'll be enjoying will be so big that you would be really thankful that you considered investing in bitcoin and then hodling it for that amount of time. It's a really crazy time though during COVID that if people gambled that stimulus check into investing into bitcoin, they would be making it rain right now but during those times, it was a rough patch in a lot of people's lives and you can't really risk that free money into something that would definitely give you profit in the long-term but you risk not meeting your basic needs for the short-term. Hopefully, there were some people that was able to risk their stimulus checks to invest into bitcoin because they've got some spare money for themselves even without the help of the stimulus checks.
Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: nullama on May 30, 2024, 10:26:40 AM That's a really good reminder to everyone that just trust bitcoin and you will never stray far away from it and in the long-term, the profits that you'll be enjoying will be so big that you would be really thankful that you considered investing in bitcoin and then hodling it for that amount of time. It's a really crazy time though during COVID that if people gambled that stimulus check into investing into bitcoin, they would be making it rain right now but during those times, it was a rough patch in a lot of people's lives and you can't really risk that free money into something that would definitely give you profit in the long-term but you risk not meeting your basic needs for the short-term. Hopefully, there were some people that was able to risk their stimulus checks to invest into bitcoin because they've got some spare money for themselves even without the help of the stimulus checks. It's not really free money, as that basically ends up devaluing everything else. So, in a way, it was the best thing to do to change fiat freshly printed into a hard money like Bitcoin. I can see that in the future this stimulus check will be referred to similarly like we talk about Laszlo's pizzas Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: khalidkhan82118 on May 30, 2024, 11:40:27 AM The power of HODLing really shows its strength with Bitcoin. It's fascinating to see how those who invested their stimulus checks in Bitcoin have seen such remarkable growth, turning a relatively small investment into over $12K. This kind of growth is a testament to the potential of Bitcoin as a long-term asset.
For those of us who believe in the technology and its future, this is a reminder that it's never too late to accumulate more Bitcoin. The cycles have shown consistent upward trends, and the current market conditions still offer opportunities. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: khalidkhan82118 on May 30, 2024, 11:48:34 AM These kinds of posts FOMO the fuck out of the paperhands on twitter who think bitcoin's going to be the solution to their poverty. So when they spend and invest money on it and find out it's not making them any richer any quicker than they hoped to, They sell and swear against it, urging even more people to hate on it which hampers with the progress of bitcoin in general, cause instead of having newer people who are more supportive of the coin and are gonna hold no matter what, instead we have more haters who are going to swear against bitcoin even if it became the signal to the second coming of Jesus Christ. Bitcoin is not the solution to eradicating the poverty of this world but this just explains why the rich getting richer and the poor getting poorer, this is just to make people who are weak hands and trading in the short term to make pennies can realize what is the potential reap when they do nothing but simply buy and HODL bitcoin that they bought earlier. Bitcoin will not stop poverty in the world but it is making the poor rich. Many people that wouldn't have ever gotten wealthy are now rich because they kept their coins for a long time. Indeed, the coin shouldn't be advertised as a medium to get rich quick but this doesn't dispute the fact that people are getting rich from it. People work for thirty years and receive a small amount as gratuity, but imagine if such funds were invested in Bitcoin. Some people keep money in a fixed deposit account for many years and get less than a 10% rate; keeping Bitcoin would have given more profit. The greatest problem of the poor is the lack of information and the inability to take risks. Title: Re: $1,200 stimulus check in 2020 = $12,392 in 2024 Post by: maydna on May 30, 2024, 11:54:40 AM Well, that is what people who want to try to buy Bitcoin continuously will get. Those who have succeeded in collecting Bitcoin from 2020 until now can smile with joy because they have made a profit. They now just have to wait for the Bitcoin price to reach its ATH price and sell it to make a profit. But they still wait until Bitcoin price increase.
For those who haven't started yet, they can still accumulate Bitcoin before the price increases. This is an opportunity they still have so they can use it. But if they still postpone it again, that's up to them because we can only suggest it. People needs to realizes that they still have the chance to do that so they can use it for their own good. But it is not easy to start now as they can see the price is up and down and that can makes them panic if they don't learn more about Bitcoin. |