of which I will say no more as I don't feel like getting ranty.
good job..
hahahahaaha
Big dick flex... I like it
#nohomo
Yeah... he's a big dick for sure.
you got that much right, heslo.
[edited out]
Ok that makes sense..
Yeah I remember the usual goal being 21 BTC, then Kindof 2.1, and now 0.21 I guess..
As the price goes up by an order of magnitude, iguess a good goal should go down by the same..
I sure don’t have 21 BTC LOL..
For sure, 21 BTC was way more reachable when you first became a forum member, but still it is understandable that it can take a while to actually 1) focus on BTC accumulation or 2) even have enough resources to actually garner up to stack BTC - even if you might have known about the bullish case for bitcoin back then.
Just think about back then (2015-ish).. some forum guys might have been saying that they were shooting to accumulate up to 21 BTC, and some other forum members might have proclaimed that they already have reached 3x those entry-level aspirations. Keep in mind through much of 2015, BTC prices were in the mid-$200s, so it would not be unreasonable for a guy to buy BTC at $250 or even $300 per BTC, so even assuming the purchase at the higher $300 price per BTC, the 21 BTC would have cost a mere $6,300 and of course, 3x the target size of 63 BTC would have cost $18,900..
A lot of those amounts of investment into BTC seem reasonable now, even though back then, it would have likely still seemed like a lot of money to be putting into BTC, especially considering how scared a lot of normie folks seemed to have been about BTC through much of 2015 with the BTC prices staying down there and bouncing around largely in the $200s for most of that year.
Should have listened to myself. Shiiiiit.
21btc = 1/1.000.000 share in Bitcoin
Imagine, for just a few dollars, you own an insane share of the Bitcoin payment network.
Such a bargain!
The more I get to know about the Bitcoin payment network, the more I want to increase my share. I admit it, I got addicted. It seems that atm, the market is listening to my needs.
I guess I want to make a few points, bitebits.
1) Just regarding framework for the next two points, I will note that our forum registration dates are similar.., and I did get into bitcoin about three months prior to finding out about this thread.. so November 2013 for me finding out about bitcoin and February 2014 registering with the forum.. Your forum registration date is similar, but surely how much we were "into" bitcoin might have been different... By the time, I got to the forum, I had already established some BTC investment plans and I was in the midst of attempting to carry out what had been my plans up to that date.
2) OMG!!! I had to go to look back at the BTC price charts just to refresh my recollection regarding some of the
deja vu trauma involved with those times in late 2014. And, geez Louise, when you made that post, the BTC price had been lingering on in the upper $300s for so damned long that many of us were kind of considering that had to have been the bottom of the bottom.. but soon we found out that "no it was not." Fuck, we had not reached the bottom yet.... And gosh the tone of your cited post is like you were receptive to lower BTC prices in order that you could pick up some more BTC at those seemingly relatively bargain prices. And, wow.. I am not even saying that you were wrong to think like that, because we ended up finding out, that we were going to have about a year from that time of even more bargain prices... and I will admit that I even made some decently-sized BTC purchases during that time out of the expectation that either the bottom had been reached or we were damned close to a bottom, absent some kind of spike down (which would not have seemed unreasonable)..... but even my own purchases in the upper $300s.. were not even seeming like a bargain throughout most of 2015 after we had close to another halvening of price from those upper $300s... sure the spike all the way down to the mid-$100s did not last for very long at all, because the bottom price largely ended up gravitating in the $220 arenas for a large part of 2015, yet I would still like to characterize the essence of 2015 as having a kind of mid$200s price feel to it because there was bouncing all through the price range of the $200s throughout the year and we even had our lil selfies a spike up to $317 at some point in the middle.. mid-July or so.
3) On a more personal level, regarding creating and following through with a target BTC stash, of course, the times do tend to change.. and for sure, you seem to be corroborating my claim that the 21 BTC was a reasonable and even common way of thinking about entering into having a meaningful stake in BTC in 2015 and even before 2015.. so yeah, of course, if some of us did not reach that goal to accumulate at least 21 BTC during that time, or maybe the goal was reached (or close to being reached) and then mistakes were made along the way, then with the passage of time, we would end up being forced into having to recreate our target BTC stash based on the new standards of what would have become then reasonable and practical for whatever BTC target stash that a normie would be presumably capable of trying to achieve... As I mentioned one of my recent earlier posts, considering $300 per BTC would have allowed 21 BTC to have been accumulated with a mere $6,300 lump sum, and even if the lump sum might not have been available, a relatively aggressive $100 per week DCA around that time would have gotten a guy (or gal) damned close to reaching that 21 BTC target stash within a year.. or perhaps within 63 weeks?
So, sometimes action is required rather than just contemplating the good ideas of accumulating BTC
(talking generally and not specifically about your conduct, bitebits).
Yes, we know that many normies have difficulties establishing any kind of savings or investing plan, and part of the problem remains various systemic disincentives to actually save and invest and admittedly normies do tend to get sucked into that kind of trap, so if we want to strive to be a better than average normie, we have to strive to figure out ways to save and invest in order to attempt to get out of the ratt race - and for sure, BTC does seem to evidence itself as a vehicle that is much more capable than even various traditional investments, even though equities and property have tended to do better than cash, but even with better storage of value investments such as equities and properties, there still can be various ways that even those investments underperform or just end up NOT facilitating abilities to really be able to retain value with the passage of time and to truly remove ambitious and aspiring normies from the ratt race.
Whether I can presume that we are regular or enlightened normies, if we end up getting enlightened at a later date, then we might currently be stuck with a kind of BTC accumulation goal of 0.21 BTC rather than 21 BTC, and even that 0.21 BTC is going to cost us more than 21 BTC would have cost us in late 2014 and into most of 2015. So at todays prices of about $44k, it will cost about $9,240 to reach the 0.21BTC, and there are some of us who have at least three times that amount already accumulated... go figure!!!!!
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