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Well lets take this thread as an example of a contrarian view, If someone new had come to the scene at the top then they would have been cost averaging the whole way down and would still be in the red.
Well, perhaps I am engaging in a bit of judging of others based on my own 2013/2014 BTC buying/accumulating approach.
Of course, any person could start investing at the top of a bubble, and would not necessarily know that it was at the top of such bubble, but that same person should have enough due diligence to recognize that in late 2017, s/he would have been getting into bitcoin after a 80x price increase from late 2015 to late 2017, and to moderate his/her strategy appropriately, so if s/he would have made some kind of BIG play, then s/he would have been engaging in a decent amount of gambling, and I have little sympathy for losses or perceived losses from that kind of an approach.
On the other hand, there are various kinds of approaches that could have lead to varying levels of "on paper" losses, so I am more sympathetic to some mistakes that might have been made to cause situations that make current losses out to be something like 50% to 80% in the red rather than some more reasonable number that should be quite less than 50% in the red currently, with any kind of reasonably prudent BTC buy/accumulation strategy.
In other words, with about 16 months of downward BTC price dynamics and even the last 5 months of that being in sub $6k price territories, a vast majority of ongoing prudent and reasonable BTC buy/accumulation strategies should have been able to bring their cost per BTC down to at least below $10k per BTC.
In that regard, patience padawan, patience. I recall my own situation between late 2013 and mid-2016, the most dire period was during BTC price dips into the lower $200s and beyond in late 2014 and even a couple of times into 2015, and during those times, my BTC portfolio value sunk quite below 50% and dropped into the 65% in the red area on a few occasions, but by the time that BTC price shot up to $500 in late 2015 and even bounced between $350 and $450 for several months in early 2016, I did not really feel that I was very much in any kind of dire straights situation, even though my BTC portfolio continued to bounce around in the 15% to 30% in the red anymore.
What I am saying is that even in current times, prudent, reasonable and long term BTC buying/accumulation strategies should still be able to result in decently less than 50% in the red valuations of BTC portfolios, and outliers might be from bad learning experiences resulting in some currently on paper losses that are greater than 50% in the red, currently.
One thing that I found when my BTC portfolio was more than 50% in the red, was that any BTC that I bought at then depressed prices would have a decent impact on further bringing down my overall average cost per BTC.
This thread is a Pump and dump on the naysayers environment.
Huh? Don't know what you are talking about here? Are you suggesting that we are too BTC bullish in this thread? We don't accept BTC criticisms? You think that guys (and gal) in this thread have some kind of perverted perspective? Seems to me that guys (and gal) in this thread tend to be a bit more informed than other places on the interwebs, and seems to be a good thing that we beat the fuck out of bitcoin naysayers.. because they tend to deserve such beatings, unless they are able to substantiate their bitcoin bashing or alt coin pumping points. On the other hand, infofront seems to have a decent amount of tolerance for naysayers, too, so I doubt that we are lacking sufficient participation of bitcoin naysayers.. and watch, at various times during heavier bitcoin price volatility, there will be some chiming in of bitcoin naysayers to contribute to the BTC wall watching conversation and to provide with some entertainment with their nonsense points... take jbreher, for example, defending his butt buddy, Peter Rizun... If jbreher is not Peter Rizun, we may even get Peter to show up here once in a while to spout his own "diversification" non-sense or other attempts to laud over us with his phony technical claims.
I personally don't care as I don't listen to shit you guys say but there are hoards of morons who do.
You are one of "you guys." Are you now trying to proclaim that you are in the minority, and your voice is not being sufficiently heard, or you have to white knight protect the various innocent bystanders (readers of this thread)? Oh my.
Am I the only one fine with this Tether scam/fud/whatever? Maybe two years ago, any bad development with Tether might affect the whole Bitcoin market. But there are other stablecoins now. Traders can just diversify or move to another stablecoin.
It's like when Poloniex support can't handle the customer volume and rumors of an exit scam are popping up. Many fled Poloniex, it affected the markets temporarily but Binance showed up and became the dominant exchange.
People will just move on. Markets will not be affected permanently.
Nah, there are tons of threads warning about it.
I and many others been posting warnings for many years.
That one seems to have gone over your head, Hueristic. andreibi is talking about tether as FUD rather than as if tether issues is some kind of legitimate argument.
If they are on this site and haven't seen a warning then they are blind or don't know what the word diligence means, so tough shit on them.
Yeah.. right.. let's get scared about tether...
rrriiiiiighhhhhhhhhht...
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