Post
Topic
Board Bitcoin Discussion
Re: What is your Average Bitcoin Buying Price?
by
ImThour
on 14/07/2021, 08:17:00 UTC
Sounds like a plan, pooya.

I am also trying to do something like this however I am little bit late to the party i.e. I have started accumulating BTC from 2020.
I still don't have a complete 1BTC but I am close to my goal Smiley

Thanks for motivating.
No problem. Let me give you more of my personal history which others may also share for extra motivation.

The first time I heard about bitcoin was from a close friend who I stupidly ignored. It was back when you could easily mine bitcoin on your PC using your CPU and later with your GPU and get the sweet 50-12.5BTC reward. It was probably somewhere in 2012.
When I started in bitcoin world it was 2014 after the big bubble burst and during the big bear market. I endured a lot of FUD and dumps as I said before price was still going down from about $500 and it went all the way down to $150.

In fact I believe I have lived through one of the biggest bitcoin FUDs to this day which came from a bitcoin core developer called Mike Hearn who outright called bitcoin "dead" as he quit bitcoin. This was 5.5 years ago. The media coverage on this was huge, in comparison the FUD these days talking about China ban or Musk nonsense don't even come close! an article

Long story short all these years I ignored all the FUD and the drama that always circulated the media about bitcoin. I simply looked under the hood, increased my technical knowledge and saw the real potential of bitcoin and the financial sovereignty that it offers which is priceless if you think about it.
This is why I always refer to bitcoin (specially in dips) as cheap or undervalued.
This is quite a knowledge, thanks for sharing this with me.

Also, I strongly believe what Hal said as I posted in one of my posts:
Just don't forget these words by Hal and you all will be good.

"With 20 million coins, that gives each coin a value of about $10 million."

I am on a long journey and getting profits is not what I am here for.
You know what? I might die with all my crypto still in wallets.  Wink

Glad I am part of a revolution.