Of course, there are degrees of OG bitcoin holders, and most likely the OG bitcoin holders would have cost bases of around $1k or quite a lot less... yet I would even consider guys who might have had accomplished most of their bitcoin accumulating prior to 2021 as a variation of OG bitcoin holders (since if they had accomplished most of their bitcoin accumulation prior to 2021, then they likely have a cost basis that is at or below $10k, yet there are surely guys who have been still accumulating bitcoin after 2021 and might have varying levels of cost basis, and may well have cost bases above $10k.. so it might be difficult to categorize guys who have cost bases higher than $10k as OG bitcoin HODLers, even though the lower the cost basis the better, and guys who have between $10k and $30k cost bases, might feel pretty decent about the status of their bitcoin holdings, even though it is difficult to argue that they would be bringing in the "BIG bucks" if they are merely getting 3x to 6x price appreciation out of their coins at current price levels - and they likely might well be hesitating in selling any coins at these levels unless they absolutely must... ..
No matter what happens, never let the bears ruin your fun.
Keep enjoying yourself with your BTC, even if the price dumps some more.
YOLO
Yeah, but amount of cash cushion matters. These days, I am not too worried if I want to or need to shave off some BTC in order to take care of some extra expenses that are not feasible to take care of with various other funds, yet it still does not feel good to be selling any bitcoin when the spot price is below the 200-WMA.. and I also become more disinclined to spend bitcoin when the BTC price is less than 25% higher than the 200-WMA, as the various guidelines of my sustainable withdrawal tool (as designed by bitmover) attempt to point out those kinds of parameters of the BTC's price related to the 200-WMA for considerations.
Back in the day of 2018, 2019 and even into 2020, such as when my profits were ONLY in the ballpark of 5x (when BTC prices were at $5k and even bouncing less than that), I had more trepidations about making sure that I was not spending any bitcoin, even though I did end up getting forced into spending some bitcoin in those times based on some of my own cashflow management failures and maybe even my own presumptions that the BTC prices were not to likely to go below $6k...
So I would imagine that more recent entrants to bitcoin, especially guys who started a cycle or more later than my late 2013 starting, they may well be having similar trepidations as I was having in the sub $6k price territories... and of course, there are more things going on with bitcoin in recent times with both the entrance of BIGGER paper bitcoin players, and who the fuck knows with the various governmental tentacles that surely fuck around with our abilities to move around bitcoin without having to worry about the various ways that our transactions are being monitored for potential "gotcha" moments that might not even be based on accurate analysis of the block chain... for sure, bitcoin prices are affected by these various current bitcoin dynamics and not just by what supposedly Saylor/MSTR and/or BlackRock and the various other paper bitcoin pushers are doing in regards to the supposed bitcoin that they supposedly hold, if there is much if any way of verifying the extent to which their various coins are not rehypothicated magnitudes of times, if not 1,000s of times.
What is MU? I would like to know if I got it or not?
'MU' is Micron Technology, a $1.182T Market Cap American multinational semiconductor company, you thick, shitbag!
JJG - Micron had 'phenomenal' Q3 earnings! But you wouldn't know because you have shit for brains.
Micron's stock soars after blowout earnings reset the AI memory trade
Oh? There are other ways to make money besides bitcoin?
Of course, many of us who have been in bitcoin for many years (and we did not just get into paper bitcoin at the latest top), we consider bitcoin beyond only its NGU technologies - yet at the same time, the various aspects of the other BTC investment theses (outside of NGU) seem to be ongoingly attacked, and surely it seems that an ongoing attack of bitcoin in relation to its sound money aspects and its financial sovereignty aspects also ends up impacting bitcoin's NGU technology. Who would-a thunk?
Have you, aka smarter than everyone else twat, ever thought about bitcoin beyond merely its NGU technology? And, I would suspect your NGU thesis is not currently working out, yet you are not selling yet? Why not? There are "other opportunities" out there in the BIG world that you seem to
(act like you) know everything about, no?
That is really crazy. Imagine how much money will flow to Anthropic IPO. Money from everywhere, but I think there still money from bitcoin to move in AI direction....
AI IPOs are people rushing to have their wealth destroyed IMO.
Depends on the IPO
I asked Chatgpt to tell me the earnings of people who joined Meta, Alphabet, Amazon and Tesla IPO and format the results in BBcode
Company IPO Year IPO Market Cap Return Since IPO Employee Wealth Creation
-----------------------------------------------------------------------------------------------
Amazon 1997 ~$438M ~7,000x One of the greatest ever
Alphabet (Google) 2004 ~$23B ~40 to 60x Huge
Tesla 2010 ~$1.7B ~250 to 350x Exceptional
Meta Platforms (Facebook) 2012 ~$104B ~15 to 20x Excellent
Hahahaha.
That is fairly interesting information, yet personally, I would prefer to see that "Employee wealth creation" in terms of actual numbers (even they are approximate ranges of percentages or other ways of describing the "wealth creation.") Of course, with staple industries, wealth creation happens on several levels besides the just employees, such as around infrastructure, shareholders and the various supporting industries that tend to be built around such large industries - and maybe adding up to several network effects that might be built around such large companies, and so long as the company itself has some strong foundations, then the network industries likely have strength that comes out of the strength of the underlying successfully large company.
Poll
