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

[criptoevangelista]

Hello, I've always had a question, so this question is aimed at those who are "older" in BTC, if you're not that old, feel free to give your opinion too!

considering the value in fiat, money we earn and use daily

let's assume that you bought BTC at 10 dollars, obviously over time it has appreciated in value numerous times compared to fiat, how do you feel about this, not in terms of increasing your purchasing power and having improved your life with this etc, of course, but in terms of the fact that if I had bought it at 10 dollars, any amount above that I would feel like I was paying "expensively"... so what is it like to deal with this, for example, doing your DCA at a price of 30, 40 thousand dollars, knowing that it is still low, but compared to its initial price it is extremely "expensive"...

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?

[btc78]

Are you asking if we feel any regrets in buying btc even in a relatively low price?

well for me i don’t like to dwell on the past i truly believe that late is better than never maybe i have thought about what would have been different if i had bought btc at its early age once or twice but i have no doubts that btc will still increase in price so i’m just happy that i got to hold btc right now using my money

[criptoevangelista]

Are you asking if we feel any regrets in buying btc even in a relatively low price?

well for me i don’t like to dwell on the past i truly believe that late is better than never maybe i have thought about what would have been different if i had bought btc at its early age once or twice but i have no doubts that btc will still increase in price so i’m just happy that i got to hold btc right now using my money

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

[STT]

To fit into this part of the forum it would have be the marketplace effect globally on an appreciating asset used as currency.   The strange twist to this question is 100 years ago, not that long a while but its still just about in living memory of the very oldest people but anyhow this also applied to US dollars.  Dollars at one time gained in value not the constant loss we see now.  So its not just about Bitcoin, it could be about even the most common money of all in theory.
  The only relic of that old dollar is the debt ceiling deal they have to keep renewing because nominal numbers have no ceiling any more, everything just keeps going up and debt is never repaid in dollar government terms anyhow.

So what tends to happen with a good currency is people hold onto what they earnt or acquired and choose carefully when spending.  Its still quite possible to spend BTC and rebuy it at a cheaper price, even within the trend rising theres been a ton of times you could do this.   So I can remember BTC under 100 dollars, not as low as some though I did mine BTC when it was pennies but I failed to keep it sadly.   I'd say people do spend BTC because some things are essential and even possible some items have a greater utility then the asset which is rising.  I got a monitor using BTC as my old one was CRT, I would be blind by now if I hadnt got something better then 15" size for viewing webpages.  I had plenty chance to buy back the BTC I spent, thats the main thing its not always rising constantly, average back in is fine imo dont be too stubborn about it.

[BIT-BENDER]

I think your question is a bit confusing but if I understand you well you asking about how one feels about the appreciation of the Bitcoin the bought?
This is quite simple and doesn't need to be answered by an older member, aside Bitcoin or Crypto-currency if you buy any property for $1 and after a while your property becomes $2 you definitely going to be glad about that, same with Bitcoin I am glad to see my holdings in Bitcoin grow according to what I am holding, no regret about if I could have had more, personally I think anytime is a good entry point and also don't see Bitcoin as an investment opportunity alone.

[criptoevangelista]

I think your question is a bit confusing but if I understand you well you asking about how one feels about the appreciation of the Bitcoin the bought?
This is quite simple and doesn't need to be answered by an older member, aside Bitcoin or Crypto-currency if you buy any property for $1 and after a while your property becomes $2 you definitely going to be glad about that, same with Bitcoin I am glad to see my holdings in Bitcoin grow according to what I am holding, no regret about if I could have had more, personally I think anytime is a good entry point and also don't see Bitcoin as an investment opportunity alone.

But to repurchase this property you have to pay more, the question is about that, do you feel good about it? sorry if I wasn't clear enough in the question

[Kelward]

Are you asking if we feel any regrets in buying btc even in a relatively low price?

well for me i don’t like to dwell on the past i truly believe that late is better than never maybe i have thought about what would have been different if i had bought btc at its early age once or twice but i have no doubts that btc will still increase in price so i’m just happy that i got to hold btc right now using my money

It's true that we should not dwell on the past when there is so much to look forward to in the future, this is why we must make every moment to count for positive things. If I were into bitcoin, and had bought it at very cheap price in those early days, and if I sold it and used the profit for something worthy, I'll look back on the achievement from the profit and feel fulfilled. Nobody knows the future, so what if the early buyers had accumulated and bitcoin became worthless today, won't they have regrets of not selling when it appreciated then?

[Lucius]

let's assume that you bought BTC at 10 dollars, obviously over time it has appreciated in value numerous times compared to fiat, how do you feel about this, not in terms of increasing your purchasing power and having improved your life with this etc, of course, but in terms of the fact that if I had bought it at 10 dollars, any amount above that I would feel like I was paying "expensively"... so what is it like to deal with this, for example, doing your DCA at a price of 30, 40 thousand dollars, knowing that it is still low, but compared to its initial price it is extremely "expensive"...

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?

You only think about Bitcoin in the context of investing because of the profit and the price, which is the main factor, but Bitcoin is actually much more than that. Even if you think that 10+ years ago someone paid only $10 for 1 BTC, maybe even then they considered it an expensive investment considering that they could mine even 50 BTC per block with their personal computer.

Of course, anyone who has invested at such low prices can regret from time to time that they didn't buy more, but I don't see the slightest logic in anyone seriously breaking their head about it, and at the same time not learning anything from it all.

Even today, Bitcoin is actually very cheap considering the potential it has, but again I note not only because of the price compared to fiat, but also because of its characteristic that it cannot (at least not completely) be censored. I personally have no problem with what you are asking, I bought and spent BTC when it was only worth a few hundred $, and I do the same today.

[passwordnow]

What you have to consider if there's some sort of feeling involved in the purchase is about understanding that worthy assets have been appreciating over time. When someone purchased Bitcoin long time ago at a lower price, then they deserve the profit that they're getting for being one of the earliest folks that have trusted and believed Bitcoin when the whole world doubted it.

While the happiness is there for the older ones that have bought it cheaply. And for those new buyers and investors that have seen the charts and history, they don't have to feel regret when it was cheaper before. Because you have to think of it that for every season, there is a reason. And it's not that late at all, like what you've said that it can still be cheaper this time when in the future it's going to be more expensive.

That's the cycle that we're seeing for those new investors and all you need to do is to consider your status, whether you're going to keep on believing and holding. Or you're going to feel regret and dwell in the past instead of moving forward.

[franky1]

i started at $6/btc, i day traded a bit i bought more in different years

but recently i only buy after a ATH, knowing putting funds in the post ATH corrected low, the next ATH will multiply that allotment

i dont co-mingle the funds to total them to an average cost.. i keep numbers separate
eg
2012 6/btc is 7000x now (at the time i knew it would go over prev ATH of $32(min target 5x))
2014 400/btc is 100x now (at the time i knew it would go over prev ATH of $1200(min target 3x))
2018 3500/btc is 12x now (at the time i knew it would go over prev ATH of $2000(min target 6x))
2022 28000/btc is 1.5x now (at the time i knew it would go over prev ATH of $70000(min target 2.5x))
2022 19000/btc is 2.2x now (at the time i knew it would go over prev ATH of $70000(min target 3.6x))

i got no need to sell, so im hoarding long term knowing getting more then 2x per 4 years is 60% profit a year MIN target. which is better then fiat bank interest of 5%

[angrybirdy]

Are you asking if we feel any regrets in buying btc even in a relatively low price?

well for me i don’t like to dwell on the past i truly believe that late is better than never maybe i have thought about what would have been different if i had bought btc at its early age once or twice but i have no doubts that btc will still increase in price so i’m just happy that i got to hold btc right now using my money

I think that's what OP want to ask here. Just like me, everyone's here didn't think that bitcoin value will risen like it's current value that's why many  investors didn't hold their coin and they sold it right after bitcoins minimal changes. it's not regretful if the money goes to an important things but it serves as an eye opener to many investors. The best thing happened on that situation is we learned and we already know what we will going to do in the future.

[G_Besar]

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

That is an example that is very easy for everyone to understand and if it were to be compared to Bitcoin, I personally would not be happy enough to pay more if I had bought it when the price was still low. In fact, my thoughts would be more directed towards selling it to get more profit if the price comparison was that big for the same item. Because usually those who like to buy at the highest price for an item are only long-term users or collectors of certain items that can make them happy when they see the items they have bought.

[MainIbem]

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

What?
why would you want to pay higher sacrifice than paying lower sacrifice to buy bitcoin at little stage, Man it's better to buy bitcoin when it is 15k to $20k than entering the market at the top of $40k through DCA'ing. If I may get correctly DCA can play a vital role where we seems not to have any money at hand maybe you thought you budget isn't sufficient enough to cover your target and the amount you wanted to purchase and accumulate that is why most people do gets involved in DCA but having sufficiently enough and you with positive mindsets as Bitcoiner you knew certainly the price of bitcoin would surely increase buy a huge some of bitcoin is more better than having part your funds by doing DCA which I think lots of people do missed some golden opportunities at the point DCA'ing.

That is why at the time purchase or investment you might feel that you wanna waste your resources without knowing the future of what you hold, even those that purchase 10k btc or above if those people knew it would be something great today they wouldn't have mind acquire bunch of it, so do not regret there are still time but if you must not regret again I suggest you should purchase enough this time around.

[Dr.Bitcoin_Strange]

I think for those who bought Bitcoin at a very early time, they will feel very lucky to have bought 1 bitcoin for around $10. There is a very big gap in terms of profit that should have been archived if they held those coins from when they bought at a very low price to when the price has now gotten to $40k, while some people are buying now that the price is high. There's a statement I came across—I can't actually remember where it was—but it said, "Everyone bought Bitcoin at the price they deserved." There's no need to regret buying Bitcoin when the price is high because you cannot turn back the hands of time to make Bitcoin $10 before you can buy it. Your only choice is to be positive and keep accumulating Bitcoin for every low price you can buy it and hold for a very long time, and you will surely be making a profit.

[Silberman]

Hello, I've always had a question, so this question is aimed at those who are "older" in BTC, if you're not that old, feel free to give your opinion too!

considering the value in fiat, money we earn and use daily

let's assume that you bought BTC at 10 dollars, obviously over time it has appreciated in value numerous times compared to fiat, how do you feel about this, not in terms of increasing your purchasing power and having improved your life with this etc, of course, but in terms of the fact that if I had bought it at 10 dollars, any amount above that I would feel like I was paying "expensively"... so what is it like to deal with this, for example, doing your DCA at a price of 30, 40 thousand dollars, knowing that it is still low, but compared to its initial price it is extremely "expensive"...

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 understand what you mean, for some people it may seem unfair to pay so much for an asset they could have bought for a much cheaper price if they had discovered bitcoin when it had such a low value, but there is literally nothing that can be done about it, bitcoin was that cheap because at the time there were not many businesses that accept it as a payment option and there was a low level of adoption, now that things have changed it makes sense that its price has increased as the demand for it increased as well, so either people just accept it and move on or they invest in another market they believe is about to go up in value.

[Bananington]

I understand where you are coming from, OP and what I can comment is nothing but a piece of advice to those who are still thinking that the price will go any lower than the $40k it is right now.
The plan or strategy of DCA favors any amount one may be willing to commit to such a plan and the best time to start could be anytime one decides upon.

Still, the price of BTC will keep rising despite the economic hardship occassioned by the movement of our local fait, and that's why DCA approach would be a best support to make profit from long term accumulation or HoDling of BTC.

[Ruttoshi]

Value is what matters in anywhere that we are putting our money into. If because I bought btc for $100 and now bitcoin is $43k, I will still buy because it shows that bitcoin had the potential to go higher that $43k+. What you should also put into consideration is that no matter at what price that you bough bitcoin, if you can hodli for long term, you will make profit from it.

Anyone that is considering not buying bitcoin because way back it was $10 and now $43k+, is not ready to invest now and he is thinking on buying at the dip, which has shown a sign that the person might miss out the opportunity of buying now because I still see that bitcoin price is still ok to buy now.

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

Yea, and that is why you need to use the DCA approach to buy so that you don't feel too emotional. I am only having the feelings that I need to buy more bitcoin because I am still a low coiner, so that I can accumulate aggressively before the bull run comes after the halving, but there us nothing I can do because I have already budget a certain amount that I use to DCA weekly.

[Don Pedro Dinero]

You only think about Bitcoin in the context of investing because of the profit and the price, which is the main factor, but Bitcoin is actually much more than that.

Totally agree, that's one thing I often say in these threads.

I bought and spent BTC when it was only worth a few hundred $, and I do the same today.

This is another thing that I think hits the nail on the head. In the vast majority of the cases of the people that we met bitcoin years ago, it's not like we bought a large sum and waited for the price to go up without doing anything. The most normal thing is that at the beginning when you didn't know it very well you bought a little, and then you sold some when the price went up, but if you have done well over the years you will have maintained a positive trend of accumulation despite buying at some times and selling at others.

[bluebit25]

let's assume that you bought BTC at 10 dollars, obviously over time it has appreciated in value numerous times compared to fiat, how do you feel about this, not in terms of increasing your purchasing power and having improved your life with this etc, of course, but in terms of the fact that if I had bought it at 10 dollars, any amount above that I would feel like I was paying "expensively"... so what is it like to deal with this, for example, doing your DCA at a price of 30, 40 thousand dollars, knowing that it is still low, but compared to its initial price it is extremely "expensive"...

The actual experience is completely different from your imagination, I also bought bitcoin at prices around $200 -$300 but keeping it to $69000 was impossible for me, and that was after two cycles The price increase has happened, and even if it only reaches $1000 I can't hold it. But frankly speaking, my own limited understanding of the market is the main reason, and up until now, even if I accepted to buy bitcoin at this price, it would always be a bargain. In investing, our ultimate goal is to aim for profit to be able to spend and develop for life. With the crypto market, I can only feel that it will grow over time and that there will also be ups and downs related to the macroeconomy. So don't just think that the starting position/or timing make you feel comfortable with the market.

I'm still imagining that there are actually many of them who will still pay attention to investing. Of course, there will be only a few. At that age, life experience will make them knowledgeable enough to make appropriate decisions. Rather, we are just speculating about things about which the object we are talking does not exist at this issue.

[Accardo]

You only think about Bitcoin in the context of investing because of the profit and the price, which is the main factor, but Bitcoin is actually much more than that.

Totally agree, that's one thing I often say in these threads.

I bought and spent BTC when it was only worth a few hundred $, and I do the same today.

This is another thing that I think hits the nail on the head. In the vast majority of the cases of the people that we met bitcoin years ago, it's not like we bought a large sum and waited for the price to go up without doing anything. The most normal thing is that at the beginning when you didn't know it very well you bought a little, and then you sold some when the price went up, but if you have done well over the years you will have maintained a positive trend of accumulation despite buying at some times and selling at others.

It's rare not to find a bitcoin user who hasn't made profits via bitcoin. The argument has to do with greed, earning too many profits. As you said, you bought at a smaller rate and sold during a time of a bit price increase. Somehow, we all have been through it, made a few bucks out of bitcoin, which we didn't labor to earn. Contrarily, all bitcoin holder has lost a few bucks in bitcoin according to the accumulated bitcoin. The regret arrives when we begin to see the bigger picture of bitcoin and the profit potentials of bitcoin, if we don't sell a single Sat. But, that doesn't matter as Lucius said; the technology is quite deeper than the shallow price trends attached to USD. Many hodlers don't sell regardless of the trend; bull or bear. A significant illustration of the power of bitcoin, as a currency, not an avenue for generating profits.

So, purchasing a product we once owned at a higher price than what it used to be, doesn't occur only in bitcoin. When cars were first invented, it was cheaper than what it is today. However, we can argue this in the form of inflation, as the old price has almost a similar buying power to today's price. Associating such ideology to bitcoin we can easily attest to the changes of bitcoin price as an increase in trust. When the price was cheaper, in a few $100 investors didn't trust bitcoin, with their money, that's why they didn't accumulate up to 20BTC. While those who did, sold it, because of personal real-life situations. Which is normal, and not a problem. Remember 20 BTC then should be around $2000, still a significant amount of money 10 years ago. In my country, 2000$ then was about $600 in value via purchasing power. I'd comfortably say that $600 10 years ago is worth $2000 today. Due to a change in dollar value. Since the dollar is highly inflated the price of bitcoin to dollar per BTC will continue increasing.

It doesn't remove the fact that 1BTC = 1BTC. The difference in inflation contrarily to bitcoin is that the value of the dollar decreases. The person who holds $600 10 years ago till date won't get any reward for hodling such an amount in fiat. But, $600 worth of bitcoin 10 years back is about 6 btc at a rate of $100 per coin, if I'm not mistaken. But the person is certainly rewarded with close to 200k USD. Hence, the price is huge enough to beat the inflation, giving back the investor a profit worth more than he invested. These statistics and calculations in price increase leave an average bitcoin investor or scholar to think they've missed on a golden opportunity. But, bitcoin opportunity doesn't come once, it's here looking at everyone interested in investing. It's still very cheap according to Lucius's response. The same year the price dropped below 20k dollars and now the reward is doubled and still increasing. In simple terms, bitcoin is a money that provides a huge interest but is highly volatile. It's better to save money in a bitcoin wallet than in banks. So, the profits associated with bitcoin, aren't the reason why users shouldn't trade their coins for fiat to settle bills. Sometimes we can run out of savings. Those who don't will be rewarded handsomely for saving money in Bitcoin.