Bitcoin is trading at about the same level as in Nov 2021, more than 4 years ago.
What crazy riches are you talking about?
BTC did a x20 in less than 3 years from late 2018 to late 2021 and a x8 in 2.5 years from late 2022 to mid 2025.
That’s a x160 in under 7 years. It would’ve taken just over $6K to be a millionaire today if you started in January of 2019.
Maybe listen to what I’m saying instead of constantly criticizing me if you haven’t made any money in the last 4 years.
1) in dec 2012 btc got down to six bucks 100 coins cost say 600-700
2) sell it all in nov 2013 thus 1300x1o0= 130000 usd
3) btc dropped to about 100 in 2014 buy 1300 coins cost say 130,000
4) in Dec 2017 one exchange reach 20,000 so sell the 1300 coins for 26,000,000
5) in dec 2018 coins dropped to 4,000 buy 65000 coins for the 26 million
6) in nov 2021 coins were 69,000 . sell the 65,000 for 69,000 a coin you got 4,485,000,000
7) coins dropped to 16,000 buy about 282,312.5 coins
sell it all at 126,000 a coin
If a guy were to have accumulated only around 282,312.5 bitcoin by 2026, he could derive a
passive annual income of around $1.146bn per year in perpetuity. Might he might even consider himself in the overaccumulation zone...perhaps, perhaps?
It seems that you are trying to bait me, asUHWEceyc..
.....and I am not going to agree with your exact numbers, since you can look at the sustainable withdrawal website, and I assert that currently 282,312.5 BTC would support sustainable annual income of approximately $869.2 million per year with a 7% increase per year in the dollar values.
You can see the numbers on
the sustainable withdrawal website, and surely that is good information for peeps to know and figure out how many bitcoin that they might want to try to achieve, and "we" gotta thank Bitmover for enabling such monstrosities.
One of the BIGGEST problems in attempting to trade bitcoin is that guys have to catch the 10-ish most profitable days of the year in order to really make meaningful profits in bitcoin, which means that many times traders will end up not being "in" when they should have had been "in.".. so they think that they are all smart, yet if they were not coincidentally "in" bitcoin on those 10-ish most profitable days, they end up fucking away all of their profits. Another way of putting it is that they frequently sell too much too soon..
If this is the case we shouldn't feel like we're the most righteous in Bitcoin trading because sometimes we're tired or negligent in ensuring potentially significant profits in Bitcoin. When this happens we certainly don't expect to lose everything right before our eyes. This doesn't happen by chance but because we weren't prepared to protect Bitcoin on the 10 days that brought us profits. Because of this everything ends up losing the profits we would have earned.
It is a perspective to suggest that it is better to continue to hold, and to not get caught without a sufficient stash of bitcoin during those days that the BTC price ends up running UPpity.
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