JJG at least i don't have to suffer the trauma of multi-years bear markets
Sure shorter term BTC investors may well suffer their first couple of multi-year bear markets, if they do not figure out ways to financially and psychologically take advantage of such multi-year bear markets, presuming that they will continue to happen.
Also, your supposed non-suffering presumes that you are in dollars or what?
You seem to have no fucking plan, except suggesting getting out of BTC is going to purportedly solve your problems rather than perhaps some more interactive approaches that allow you to manage/build your BTC - depending on where you might be at in your BTC accumulation phase or perhaps you may have moved to maintenance or liquidation.... so I am having some difficulties about your presumptions of suffering, even if the BTC price might move against a mostly HODLer for a period of time that you presume to be multi-year.
And it depends at how high you aim, i don't need that much to live.
What else is new?
Everyone needs to figure out these budgetary matters for themselves. Some people believe that they can pretty much live off of the income from half a $million and others believe that they need $6million to $10million as their starting point... presuming abilities to draw perpetually at 4% per year which would be about $3,333 per month for every million of value.
And it's easy to talk for people who bought at let's say 600 dollars or even less than new blood coming in at 30k, the pain is not the same
And it makes u arrogant towards the weak hands who bought high and panic sell
Again, you are presumptuous lucky enough. One of my presumptions is that if you cannot fucking attempt to plan around a longer time frame, then maybe BTC is not for you.
Sure, I will concede that when I got into BTC in late 2013, I was aiming for 2 year investment timeline, and even had some considerations that I could back out in a year, if I figured out that it was not working for me, but I was striving for a 2 year minimum investment timeline for my BTC investment. Seems that I learned along the way that a 4-10 year investment timeline is much more practical these days, and sure if someone has less than a 4-year timeline for investing into BTC then they are playing a different game than I am suggesting in regards to bitcoin investing.
I am also not proclaiming that there might not be ways to invest into BTC on a shorter than 4 year timeline, but the considerations are likely to be quite different than the general approach that is considering 4-10 years or longer.
Fuck you regarding trying to proclaim that I am privileged because I got in early blah blah blah.. Each and every person has to start out at whatever time they get started, and if they are getting into bitcoin right now, they cannot be going back but instead considering their approach to BTC based on their current situation, including their view of the future of BTC. Accordingly, I have pretty much said similar things to people regarding BTC for the past 7.5 years that I have been in, which is get the fuck started, figure out their own situation and then establish a plan that involves lump sum, DCA and buying on dips in order to reach their accumulation goals, and their proportions and particular approach is going to depend on their own assessment of their situation, and of course attempting to continue to learn about BTC along the way and while they are investing in it and hopefully tweaking their approach to investing from time to time based on their ongoing learning.
Last pump buy at 20k it will go 100k !!!!
Huh? get the fuck started now, and sure if you expect prices might go down to $20k, then sure you might want part of your strategy to account for that expectation, but you better fucking be ready in case prices do not ever go below $37,690, again (the price as I type).
wow even the cleaning lady is buyin' we go go mainstream !
Snap out of it. No they are not. Hardly anyone is buying BTC even though there are a lot of claims of such. Level of adoption is still quite below 1% with a lot of stash being hoarded by either already long term existing BTC HODLers or bigger institutions and rich folk gobbling it up...
then crack 3k imagine the years of depression for some who listenened to the fanatics of this thread. The cult i should say.
Cheers
You are living in a fantasy if you believe that BTC going back to $3k.. Sure it could happen, but pretty damned low odds of even going below $20k ever again.. so likely it is way better to be planning on more likely scenarios rather than planning around pie in the sky no coiner ideations.. and sure you turned pretty unlikeable in a pretty short period of time. Did you change accounts or you had always been a kind of dick, but just did not show ur lil selfie so much as compared to your recent participation in this thread in the past week or even less, no? Hard to keep track of the various dweebs in BTClandia, sometimes.
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