No..your not delusional..perhaps slightly acrobatic if your avatar is any indication. /s
Lol..and I just realized I F'ed up the meme...think its supposed to be "Gentlemen"...
Hahahahaha
Either way. I think that "we" get your overall point.
JJG...I feel the same way...while I am not going to step out the the local lambo dealer(this week)...life is indeed much less stressful than pre-btc. My hodling are down 2000% from the ATH....but I am still over 24k+% overall....there is that.
Actually I gave some general numbers regarding BTC's performance since October 2015 - however, the performance of my BTC portfolio is not as high as the numbers that I had given for a few reasons. 1) I used $250 as the average price per BTC at the beginning of the bubble; however, my average price per BTC at that time was a bit over $500 and 2) I made a few mistakes that caused my performance to be quite a bit lower than if those mistakes had not been made.
Nonetheless, even if my percentage numbers do not seem to be as good as yours, I still am feeling really good and really relatively--speaking gentleman-ish..
It would take...well..im not sure what it would take really.
Perhaps, i have thought through some of this, "what would it take" scenarios, as compared with you? Perhaps?
I was thinking that even if i were to paint the worst picture of my BTC related fuck-ups, my average price per BTC is still well below $1k per BTC.
And, let's say that BTC suffered from a very severe correction. Sure, anything is possible, and we have had nearly 90% corrections in the past, and even if some assume that 90% is not too likely, 70% is more likely.
So, if this kind of major 90% price correction were to happen now, then that would put BTC prices in the $2k territory, and sure that would be bad, but if you have investment averages of less than $1k, then you are still at least 2x into profits, and perhaps you are even able to engage in some remedial and/or mitigating efforts too.
Anyhow, I kind of believe that we are going up before we go down, so 90% corrections, if they happen, are going to end up at higher price points.... But let's see how this plays out.
Of course, if prices go below $1k, then a lot of us would become quite nervous, I am sure, and we would likely have to have some pretty serious shit, in order for any kind of below $1k scenario becomes reasonably likely to play out... even as a mere downspike.
I have been blessed with a good career and financial stability for many years, bitcoin has always been a hobby. But I am passionate about my hobby.
We could be on a similar page there; however, even though I had considered bitcoin to be an investment with my spare money, it had overtaken my other traditional investments quite a long time ago (maybe when BTC prices went above $2k, the value of my BTC holdings become a very substantial proportion of my overall investments)
That kind of reminds me that amongst my most bullish projections was that bitcoin would surge past $1,200, and then go into the $3k to $5k territory, and then get stuck back down in the $1,200k to $3k arena..and then maybe have another break out. However, as the bullish scenario played out, we saw several substantial corrections along the way and we also saw some decent fundamentals being resolved, including the seeming resilience of bitcoin against the August b-cash fork.
Even though the b-cash clowns seem to be getting a bit more traction, now, the whole environment of August 2017 created BTC price performance that surpassed expectations, and seeming additional bullish indicators that provide ongoing and decent BTC buying support.
I will of course be very disappointed if bitcoin does not perform as well as I think it will. That has a low order of probability imo tho.
Well, no matter what it seems that we need to account for ongoing price corrections, and we do not want our expectations to become too pie in the sky
Bitcoin and the blockchain are such a disruptive paradigm shift that there is no stopping now. The genie is out of the bottle.
Well you are right about these things and even though I think that there is going to be decent probabilities of ongoing upwards price movements, the upwards price movements are not givens, that's for sure.
I like to equate it to what Henry Ford did for the automotive industry..he didnt invent the auto..he just streamlined building them and wallah the assembly line was born. Satoshi has done the same thing. He didnt invent money or ledgers..just streamlined the way they are integrated and used.
fair enough analogy.
bleh..im preaching to the choir again
Preach on.... preach on....
That's what we are here for, and to fight off the nutjob trolls, big blockers and corporate shills.
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