At moments like this, I look at this thread to tell me it's going to be alright, but you guys aren't really helping
It will be long term (even year or so after the halving) but when you’re balls deep in crypto & watching your net worth crumble in front of your eyes it’s never fun.
On the plus side - cheap coins.
I can't explain to myself where did those sold bitcoins come from. Traders who bought in the last 6 months don't have any profit. Miners don't have that much to sell, and besides almost all of them are mining on a loss now. Shorter manipulators (a.k.a. bears) can't count on dumping, because the price may shoot up any moment resulting in massive loss for them. Anyway, these bitcoins belonged to ultra epic weak hands, who don't deserve to be called investors. I mean, to lose 50% of your wealth 5 months after the AYH at 14K and 30% after the pump to 10500 a few weeks ago is really pathetic. Moreover, this all happened after a bear year and one year before the next halving - a clear sign that these prices will be revisited after the halving. I can picture such dudes as mentally unstable. While hodlers are sitting on 100x+ profits, these morons being caught in the daily market trading are registering massive losses.
Regarding our net worth. I am not happy only because my stash is still under 20
BTC. I don't care how much it costs in terms of fiat. As mic says, 1
BTC=1
BTC-always! I prefer to convert my savings from the salary in bitcoins and spending fiat on bills and food. After several years, it will be possible to buy cars and houses almost everywhere with bitcoins, so it may not be necessary to sell bitcoins at all. The only thing that bothers me is whether Bitcoin will be able to overcome all the manipulators and weak hands in the near future.
Let's see... In 2017 despite the PBOC attacks aimed at chineese weak hands (which by the way formed 95% of the total volume), we had a journey from 700 to 20 000. So it is possible to start from 7K and reach 200K despite all bad actors. The question is will it happen in the next few years? I hope so, but I don't count on that. I am determinted to contiue buying in the next 20 years, if the price is not enough to change my lifestyle! I mean a real fuck off status, where I can afford a nice house, not going to work anymore, bodyguards, girlfriend(s), and to travel around the world. With my salary, I can only afford a 2 weak summer vacantion per year. So I have nothing to lose. If we are going to sink, so be it! But we won't! I believe that we will see 50K, then 100K and after that who knows. I often wonder, how will feel then all those weak hands who sold at $200 in 2015, at $3100 in 2018, at $7500 in 2019, etc. Not well for sure! Some of them will got completely insane by then and shitpost here just like r0ach
#HODL #stronghands
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