Quote from: Richy_T on Today at 02:10:16 PM

Quote from: JayJuanGee on Today at 02:45:21 AM

So we are skipping an ATH for May?

I was told a new ATH for every month in 2021.

So bitcoin changed its mind about May?

ATH in losses.

Get the fuck out of here with that nonsense.

Of course, ATH in number of dollars lost if we take a snapshot from the April high of $64,895 to the local low of $30,066 from a few days ago, but is that really saying very much, except for trying to exaggerate short-term nabobs of negative nancy-isms that might hardly even be material (or even a blip on the screen) in the whole scheme of things?

We can consider the quantity of loss matter in percentages, too? Some people assert that we also have all time high losses in recent days in terms of percentages, but if you really consider what they are saying beyond superficial assertions, they are fucking full of shit and failing/refusing to zoom out sufficiently enough.

Sure there are ways to spin short term BTC price performance matters to try to make it seem like the short term droppening is a BIGGER loss than it really is, whether we are referring to how far the BTC price went down, how long the BTC price is staying down (seems like forever while going through it bro, no?) or even proclaiming that the recovery is slow and we are not out of the woods yet.. and hey, even I am going to stick with my guns, somewhat that I am not going to feel too high levels of confidence about being out of this particular short term correction until we are at least above $46k, but getting above $50k would cause my lil selfie to feel even MOAR better.

In order to create even any kind of nuance of context, another matter is to attempt to appreciate both very damned few corrections had happened for about 7 months between September of about $10k and $65k in April and also the outrageous building of quite obvious froth in the shitcoin space that could hardly be sustainable at all and surely bitcoin cannot completely divorce itself from that frothy nonsense - including various misleading and distracting claims that pure shit coins, projects and ideas are equal to or similar to bitcoin in various kinds of ways.. which those kinds of ongoing nonsense talk even had been increasing (and maybe even continue to some extent) in this thread during these kinds of frothy shitcoin times, and maybe even getting to the point that one out of 3 thread participants are seeming to be in need of a wee bit of batman slappening until they snap their lil selfies out of their hopefully temporary delusions.

Just to elaborate a wee bit.

Let's take a hypothetical person who has 21 coins (not referring to anyone specifically, even if Mindrust did proclaim to temporarily reach such status of 10 coins for part of a day in March 2020).

Just to make matters easier, I am just going to characterize this person as an overall BTC hodler for 9 years, even though many of us know that getting into bitcoin is much more complicated than purely establishing a BTC stash and then HODLing it because the reality is that the ups and downs are difficult to ignore and there are frequently a decent number of mistakes along the way, even with the most pure of BTC HODLers, but the smarter of the BTC long termers are mostly increasing or close to maintaining their holdings through the years.. even though yeah there are plenty of examples of long term bitcoiners who had hundreds of coins when they were not worth very much and are likely down to double digit quantities of coins or maybe even struggling to keep a 10 to 21 coin holding size.. so this 21 coin holder hypothetical is not going to capture so many nuances and even realities of the up and downness of both number of coins that might be held at various points in time during a 9 year timeline and even the management of the overall value of BTC holdings (even including dollar value considerations of such dollars that might be dedicated to bitcoin too) would likely fluctuate to a decent extent through the years, too.

So let's see it:

Date      BTC price     Value of Holdings
2012     $10.00     $210.00
Early 2013:     $263.00     $5,523.00
Late 2013:     $1,163.00     $24,423.00
2014     $550.00     $11,550.00
2015     $250.00     $5,250.00
2016     $600.00     $12,600.00
Early 2017     $1,200.00     $25,200.00
Mid 2017     $3,000.00     $63,000.00
Late 2017     $19,666.00     $412,986.00
Mid 2018     $6,000.00     $126,000.00
Late 2018     $3,124.00     $65,604.00
2019     $6,000.00     $126,000.00
Mar-20     $3,850.00     $80,850.00
Sep-20     $10,000.00     $210,000.00
Jan-21     $20,000.00     $420,000.00
Apr-21     $64,895.00     $1,362,795.00
5/19/21     $30,066.00     $631,386.00
Yesterday     $40,000.00     $840,000.00

In essence, the above chart that shows the UPs and downs of BTC value over such 9 year period of time (not even showing the month to month, but instead trying to capture some overall BTC price trend ideas) should be showing the May 19, 2021 drop as a
BIG SO FUCKING what,
rather than making such May 19 BTC price droppening out to seem as if it were some kind of end of the world drama blah blah blah bullshit for any of the mostly longer-term bitcoin HODLers (and accumulators)..