edit: this is obscene. it takes 60 minutes and I make my exact initial investment. was there ever an asset one could buy where one would make his initial investment not in a year, not in a month, not even in a day, BUT IN A FUCKIN HOUR? those were my live savings ffs!
I know that feeling as well. Absurd times we're living in.
It is really nice for us long time HODLRs and BTC accumulators to be sitting in the bird seat.
Also better to be a long way into the black rather than in the red.
I recall periods in 2015 that my total BTC investment had sunk into the negative 65% territory. So, nice to be in the greater than 8x territory (even accounting very conservatively).
Sure, I made some mistakes with my BTC holdings over the years, which caused me some considerable losses of coins; however, even accounting for my various losses of coin, I continue to be quite amazed at how frequently i am experiencing another total return of my initial investment within a short period of time (including the cost of my losses, my mistakes and expenses)....
So, now, a $500 price change can take place a lot easier than such change did when prices were at $500.
In other words, a 10% price change is much easier to achieve than a 50% to a 100% price change...
I understand that we should be considering these price change matters in terms of percentages; however, sometimes it is also helpful to consider profits in terms of absolute numbers.
If we are holding a certain number of coins, it is quite exciting to see how BTC prices quickly change by $100 to $500 these days, but does not constitute a major percentage of change in price. but can still feel like a considerable change in the value of total holdings.
Even though a considerable amount of value is lost on paper with a 50% to 75% price reduction, I am not going to panic if such a price correction were to occur because I am still good with bitcoin prices above $1k, which seems less and less likely to happen in the short term - even though we were just in the $1000 territory around christmas time last year...
Even $2k seems a bit difficult to achieve, even though we were just there less than 2 months ago. I am kind of thinking that our absolute floor might be around $2500.. but going up to $5900 first... so a bit more than 50% correction would still be possible and even reasonable under a kind of extended dumping campaign.
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