I don't blame anyone because I also was not able to buy one bitcoin this year. But those sharks converted all stablecoins into busd to manipulate the market even more. We should do something before they buy all bitcoins from the exchange and withdraw them to their own cold wallets.
Hm? I don't necessarily want to know your BTC stash size, but you have been registered on the forum since May 2017 - which would have been in the heat of the forkening wars and just prior to bcash split, so just think about how many BTC you could have gotten during that time period - as compared to now.. something like 1/10th the price of today's prices.
If you are talking about getting 1 BTC this year, then presumably that would have been 1 additional BTC to add to your stash, and you are suggesting that BTC prices are too high to get 1 BTC?
I would think that a lot of us were thinking that BTC prices would never return below $20k absent some kind of a wick or just a weird blip, and instead we are spending a whole hell of a lot of time below $20k, which would seem to be bargain prices.. and even staying below the 200-week moving average should seem to be bargain prices for anyone who actually has been attempting to study bitcoin while being into bitcoin for more than a year or two... which seems to be your case, hostm, based on your forum registration date.
I don't blame anyone because I also was not able to buy one bitcoin this year. But those sharks converted all stablecoins into busd to manipulate the market even more. We should do something before they buy all bitcoins from the exchange and withdraw them to their own cold wallets.
I think you are exaggerating a bit in your concern, because we have 19+ million Bitcoins in circulation (of course, some of it is surely lost) and a little less than 2 million Bitcoins that have yet to be mined. Those sharks, as you call them, simply don't have enough money to buy everything, especially not what smart people keep in their cold wallets and don't plan to sell at all - because for some, Bitcoin is a currency, not just an investment.
In addition, this is perhaps the first time in history that small ordinary people could outwit these sharks because they realized the potential of Bitcoin before them. They joined the game only after 2017 when they felt a possible profit, but with all the money they have, they can't make up for the time they lost.
Maybe Lucius is understanding the seemingly contradictory nature of your assertions (hostm) better than I am?
Each of us has to figure out whether we perceive bitcoin to currently be a bargain or not, and to attempt to accumulate as many BTC as we reasonably can do without recking ourselves by failing to adequately cover our own expenses and to make sure that we have enough cashflow (income) coming in to be able to justify how much we buy and/or if we leverage how much we are able to leverage without recking our lil selfies in the process.
And another good point made by Lucius is the time value of bitcoin, even though sometimes it can seem that some of us might have bought too many BTC when prices were higher than they are at currently, but there still remains a certain value in persistently buying BTC, even if some of the BTC you bought might have been at prices quite a bit higher than current BTC prices... It's the idea of time in the market rather than timing the market.. even though sometimes in the early years of accumulation it may well fell as if you have been spinning your wheels and you see some newbies getting into BTC at cheaper prices than your average price per BTC... I believe that over time the persistent BTC accumulator is quite likely to come out ahead, so long as s/he does not over do it and cause himself/herself an unnecessary self-reckening.
I think that ToxicMoxic sums up the situation fairly well (advantages of long terms HODLers to make our beds early.. and to maintain such bed) in his Sunday Haiku.. ... which seems to be suggesting that our strategies likely take a while to pay off whether we are accumulating bitcoin or accumulating fiat, and once we go down either one of those paths, it can take a decent amount of time to change paths (if we were planning to change paths).
#haikuSunday
have nothing to fear
with bitcoin in my wallet
bought during the dip
legacy tumbles
they made their beds long ago
now live with the pain
holders keep hodling
yes, they know what the truth is
bitcoin forever
Resized because mRTHroo seems to have "ISSUES"..ie.. he seems to need rotz of attentionBitcoin held in self custody is unique in its lack of counterparty risk. You can easily and cheaply store it yourself and send it around the world without trusting anyone or asking for permission.
As global market chaos continues this key value prop will become more obvious.
Source Why so BIG? You need attention? The contents of your posts are more important than the posts of others here?
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