Feel,,,🧘🏻
You bought a ship, a plane and a wine factory with the money you saved all your life.
Suddenly, you got the news that the plane crashed, the ship sank and the police sealed the wine factory. All of these were the money cows needed to run your life.
You sit and think about what to do now and decide that you don't want to keep this life anymore.
When you get out in the car [FM was playing in the car] you will jump there in front of the North Yungas Road (Death Road) with a huge truck.
At that moment, a news was broadcast on the FM that Bitcoin suddenly reached 10 million dollars. Immediately it came to your mind, oh, I also have some (1000) Bitcoins.
What will you do now?
Oh no, you survived. Maybe it cost so much because of you.
A bit of a fantasy, no?
Bitcoin tends to be a bit more mundane as compared with the lives of the rich and famous.
Yet, sure there might be some guys with 10-90 bitcoins in these here parts (I know that the range is a bit wide), and in quite a state of shock regarding the quantity of options they have in terms of their having had accumulated what seems to have had been relatively modest quantities of bitcoin, yet with a whole hell of a lot of purchasing power that they woudl have had never dreamed to have had been able to accomplish with what had seemed to me a relatively modest bitcoin stash.
By the way, I recall one of the guys here mentioning something like 160 BTC, and surely that level of guy has a whole hell of a lot of options, so there is no need to have 1,000 plus coins in order to have a lot of options... especially for guys who might be considering incomes between $50k to $500k per year, but then now with their coins, they might have to up their numbers just for something like 60 BTC that a decent number of not very rich normies could have had reasonably purchased for less than $20k in 2015 and even less than $50k all the way until late 2016..
Sure the later that they got started the more capital that they might have had needed.. .
Yet I think that even the guys that might have gotten between 30 and 50 coins prior to the end of 2020 might not have had felt like they were particularly rich even though sure maybe some of them might have had an average cost per coin in the $8k arena.. but yeah some guys who might have had been able to scramble up $400k to put together 40 to 50 bitcoin, they are relatively higher up on the scale, but they would be feeling pretty good about even having a 40-50 bitcoin stash right now. .and maybe something around a $400k investment... that might have been transferring funds from other places or maybe even selling property to buy bitcoin.
If we go by an annual inflation rate of 10% that Saylor always talks about, we are only 9% above last cycle's (2021) ATH...
That means nothing has actually happened yet...
Still feels like something happened. Maybe I am delusional?
I feel way richer than I did in 2021.
The 200-WMA moved from right around
$8k in January 2021 to a bit over $51k right now, which is nearly a 6.4x increase in value.. and also if we go back even further, we are even in higher multiples (magnitudes)..
No need to be complaining that bitcoin is not performing good enough for you, when the fact of the matter is that bitcoin seems to be amongst the best, if not the best place to be holding value, even for guys accumulating bitcoin since 2017.. and especially if guys have been erroring on the side of accumulating bitcoin and/or holding it in the event that they don't feel like accumulating more.
By the way, in July 2017, bitcoin's 200-WMA was only $650... You gotta see some appreciation from $650 to $51k, no?.. right around 78x increases in the 200-WMA from July 2017 to present.
Maybe part of the problem is not just getting caught on the extent to which you believe dollar debasement to be negatively affecting your bitcoin valuations, but also your focusing on BTC spot prices also seems to be another level of distraction when bitcoin seems quite amazing if some of us might consider looking at bottom prices (such as the 200-WMA) rather than spot prices, even though surely any BTC buys/sells that we choose to make will still end up happening at BTC's spot price to the extent that any of us are selling much if anything of our BTC stashes in these here times.
Chartbuddy posting twice in a row alert
Old news..
But hey, still not fixed.
The master of chartbuddy must be occupied with "things."
Chartbuddy posting twice in a row alert
224 posts in a week: Ban it!
If it goes a whole week with double posts then that would be 336 posts per week.
That is 24X2 = 48
48 x 7 = 336
Poll
