How do you deal with the exponential appreciation of Bitcoin? (for the oldest on

[Lucius]

@Don Pedro Dinero, when you look at things from an objective angle, you see that most people believe that the value that Bitcoin has at some point comes from the fact that the max supply is only 21 million and nothing more than that. Who cares anymore why Satoshi came up with the idea to invent Bitcoin, and it's certainly not for the reason "buy cheap, sell high", and therefore every transaction that goes in the direction of being caused by trading goods or services shows the true value that Bitcoin have.

If we continue in this direction, in the future Bitcoin will be a toy for the rich who will trade it through ETFs, and considering that they will have millions of BTC in their possession, they will be so powerful that they can influence miners and developers, and when you have them in your pocket, then it is very easy to change one line of code and add a few million new BTC to max supply.

[1714814089]

1714814089

[1714814089]

1714814089

[1714814089]

1714814089

[1714814089]

1714814089

[Cookdata]

Do you think it's expensive to take a fund of 15 thousand compared to what you paid in the past? how do you deal with this?

I don't know if I was able to be clear in what I wanted to know, so if I have any doubts I can change my argument  

edit: There must be a feeling of always buying at the top of the market, or am I wrong?

I didn't have the chance to see bitcoin price at $10 not to talk more of buying it in that price but I will feel like I'm among the greatest of greatest if I have the opportunity to buy bitcoin in that price. That's like having a speciality among the rest of the people in this world, your transaction will remain in the Leger forever because then when bitcoin was traded around that price, it was p2p and there is nothing like many exchanges back then.

I don't think using 15k to buy bitcoin now is expensive because we will come to this price and say if we have know, we will have bought more bitcoin in such price and yiu know why, it's because the fiat is dying, the purchasing power has increased three times since that time bitcoin has been trading and the way global economy is projected, it will get worse if we continue in this sequence forever.

[coolcoinz]

It's not about regrets, I'll give you an example: you buy a Playstation for 100 dollars, and after some time this same PlayStation now costs 1000 dollars, the market dictated the price but you've paid cheaply before, do you feel comfortable paying more? because in a way your average price that you were familiar with was much lower than this, how do you deal with that? because there must be a feeling of always buying at the top of the market

This is a bit clearer than your first post here. That one I didn't understand at all
So, I bought my coins cheap. Not the cheapest, but it was below $1k, which can be somewhat of an achievement at today's prices. I had no feeling of buying at the top because I bought at the bottom of a 2015 bear market.

The only thing I felt after my first cycle was confidence. When I saw that it's confirming market bottom at 3k, I felt so happy and sure that I'm never going 100% out of this investment.
I don't abuse what's given. I don't drive a Lambo, don't have a swimming pool in the garden... fine I do have one, but it's an inflatable pool for my daughter
I still live in the same house, although it's looking better after all the work I've done to it. The only thing I really unloaded some bitcoin on was a new car last cycle, but it's a normal car, not a super car and not even electric (they suck).

I know for sure that if this cycle we go to $100k, I won't sell. I will buy myself some treats to celebrate reaching another ATH, but i will still be here holding my coins in the next bear market.

[bhadz]

Those that have been buying at the top, it could have happened to you, me and everyone on this forum and even on the outside of this forum. It's a typical thing that usually happens for the Bitcoin buyers and we can't do anything about it. What we have to do is to just appreciate the gains that we have and forget about that mistake while learning from it. We're not always going to buy at the peak of the price because it's not going to do you any good unless you're fine to wait for another cycle that could be long like 4 years or more which is the typical duration of the next cycle for the bull run.

[panganib999]

I think I see what you mean, but at the same time no one ever feels that way, at least with those who have been in the industry for quite some time now. And I'd tell you a little about why.

First off, we got this thing I like to call perceived value of items, and this depends on your social standing. Someone with a pretty low net worth would worry about spending over 10 dollars on an asset that they wouldn't be able to touch for the years to come, which is also why not a lot of average joes around here are able to invest in bitcoin. For people who have raked millions of dollars thanks to bitcoin, this is not going to be an issue for them. They made just enough to just fork out what to them feels like just 10 bucks to bitcoin, and they know that this money's bound to grow anyway, so in their heads they know that this is no expense.

[slapper]

Bitcoin's rise from $10 to its current worth is like witnessing a seed develop into a tall tree. I often wonder if Bitcoin's initial cheap price makes current pricing look exorbitant? Possibly, but consider this angle. Its ongoing story makes Bitcoin beautiful. We invested in potential at $10; today we're investing in value and acceptability. It's not just about the price; it's about a digital asset that's changing money and investing. Your experience of constantly buying at the top is common. Let's reverse this idea. Every historical "high" was initially pricey but became a bargain, often. This goes beyond buying power - it's about joining the digital revolution. Bitcoin has constantly risen despite its highs and lows. Is it costly? Might be short-term. Each investment contributes to a future where digital currency is crucial. We're buying a future, not just pennies!

[kentrolla]

It differs from person to person and I feel like it would be top of the market we are buying If I want to buy now but I felt I am buying at the rock bottom price when I was buying BTC under $20k this year, though the reality is that Bitcoin may even cross $100k and I might be a loser for thinking I will be buying at peak If I buy at $44k if BTC pumps hard now. It's the emotions which takes better control of ourselves and that's where experienced investors wins as they know what they are doing and makes the most out of it.

Buying when BTC is down and lot of fuds about it is the best time to buy BTC if you are not in for long term.

[Silberman]

Those that have been buying at the top, it could have happened to you, me and everyone on this forum and even on the outside of this forum. It's a typical thing that usually happens for the Bitcoin buyers and we can't do anything about it. What we have to do is to just appreciate the gains that we have and forget about that mistake while learning from it. We're not always going to buy at the peak of the price because it's not going to do you any good unless you're fine to wait for another cycle that could be long like 4 years or more which is the typical duration of the next cycle for the bull run.

While buying at the top can happen to anyone, this is a mistake that is often made by those that do not really know much about the markets and that are only interested in some quick profits, however for those that have been interested in bitcoin for years this is not much of a problem, because even if they were caught buying at the top, the amount bought at that level will be very small compared to all the bitcoin they bought prior to that day, so buying bitcoin at the top does not really make too much of a difference for those investors.