Bitcoin dipping recently took a toll on my mental health. I thought with all the negative news about it might finally be hard to recover but how wrong was I. I am a idiot for doubting my investment and I will make it a part of my daily routine to come here on this topic as I know you guys are always more optimistic than the rest of the internet and I need that in my life!
Were not "optimistic" were simply right.
That's true.
There's a difference, so sometimes there are folks, such as no coiners who are looking at the BTC price movements with marvel, and gosh maybe some of them don't realize that they are going to be buying BTC in the supra $100k, maybe even the supra $1million before they decide to get in.
Not even saying that in the future that BTC is going to become any kind of worse investment, it is just that some of the considerable upside that we have experiences and will likely continue to experience will become less and less, but bitcoin will still probably remain amongst the best of long term investments, even though in the short term money can likely be made on some other investments as well... but which ones and when to get in and out will remain challenges to figure out.
The punchline will continue to be bitcoin as the more solid long term investment and sure more and more normies would be coming in... whether at supra $100k, supra $500k, supra $1million or some other price that ends up being the then going rate by the time they realized that they should hold some BTC in case it catches on or that it already had caught on.
Sometimes I cannot really help myself to getting some zingers in with the relatives, and I had to remind a a nephew I told about bitcoin in early 2016, and this particular nephew has pretty decent cashflow, so I did kind of outline the lump sum theory of buying $12k worth of BTC in early 2016, which maybe we could comfortably assert that getting 30BTC would not have been difficult to achieve during that period that BTC prices were stuck in the $370 to $430 for around 6 months, so getting 30 BTC should not have been too difficult or even unmanageable for someone who was in something like his financial position.. and he could have even forgotten about his wee bit investment that we now see would be floating around at $1.4 million.. and surely, nothing to sneeze at, even if in theory he would not have really needed such extra surplus value, but no one should be complaining about any place they put their money and get over 100x returns in a matter of 5.5 years.. and surely these kinds of returns had been traditionally reserved for the rich, famous and/or well connected, and now any normie could have gotten these kinds of returns.. and surely it will pay off for some normies (percentage of wealth wise) more for some than for others, relatively speaking.