Remember when you could buy Bitcoin for under $100,000. That was cool.
Looks like this week’s White House plans are getting a little movement going in the markets. The only thing I’m crossing my fingers for is the elimination of capital gains taxes on Bitcoin, which seems like a pipe dream.
Yes, there is a big FOMO on Bitcoin where the price of Bitcoin is increasing at a rapid pace. The expectation that the price of Bitcoin will hit $108k to $123k in just 1 week was very low. And many thought that $111k might be the ATH of Bitcoin but now it seems that Bitcoin's ATH is $150K, which would not be surprising. However, those who were able to buy Bitcoin below $100k and bought and held are now counting a lot of profits. And that is why those who believe in Bitcoin and plan to hold it for the long term always get better results. Bitcoin always gives financial advice to investors and only those who can hold it for the long term can enjoy it.
Well. I think you are a pretty dumbass to be getting too excited about paper profits merely because you have some coins under $100k. What you going to do? Sell for $120K and 20% profits? Makes little sense.
Those guys steadily buy BTC for 4 years would have average costs right around $50k (that is the 200-WMA), and of course if you have been buying longer then your average cost per BTC is likely to be even lower... so for example, if you had been steadily buying about
$100 per week of bitcoin for the past 8 years (two cycles), then you would have invested right around $41.9k and you would have had accumulated right around 4.1 BTC.($486K), so your average cost per BTC would be right around $10,220 per BTC. Surely not a bad place to be.
I think that there is some value in accumulating for longer term rather than getting overly excited about short term paper profits, even though they are nice to have but they are likely not as solid as getting into 4-8 years of solid BTC accumulation.
I get nervous whenever altcoins performs better than bitcoin in 24hrs
Can someone tell ETH to slow down
12% in 24hrs, WTF
Anyways, it just 24hrs volatility versus long term volatility
Wouldn't be surprised if those shitcoins starts suffering while bitcoin takes over the market again.
Trust a pump and dump coin at your own risk!
Don't get distracted.
Keep your eye on the prize.
Perhaps Homer needs to make you a lazer eyes hat to help orient you to where you are at?
I think if we are going to see capital gains tax on Bitcoin abolished this year, it will have to happen now.
That would be completely craze.
While here in Brazil we are increasing taxes over crypto, US is abolishing it.
One more reason for people migrate out of here
Politics is not clean no matter what (or where), and some of the smaller states have governments that are weaker and less effective, which can also help in some circumstances. Thre are surely a lot of aspects of America that are not the land of the free and the home of the brave.
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