Quote from: HardFacts on September 25, 2022, 10:31:15 PM

We will see cryptos and Bitcoin fall by more than you ever thought possible

Will we though? Any attempt to predict the future exchange rate of Bitcoin in the short term is futile. If you turn out to be right it has far more to do with luck than any ability of yours to foresee the future.

Quote from: HardFacts on September 25, 2022, 10:31:15 PM

BE HONEST:

Absolutely.

Quote from: HardFacts on September 25, 2022, 10:31:15 PM

Who here would have believed last year that Bitcoin would be near 18,700 today ??

I predicted lower than that.

Quote from: HardFacts on September 25, 2022, 10:31:15 PM

Everyone knows darn well that anyone correctly predicting such a price drop in bitcoin would have been ridiculed here in this forum.

Now who is being dishonest?

Just take a look for yourself. Here's a post of mine from September 2021 (you know, a year ago?)

Quote from: DannyHamilton on September 10, 2021, 06:33:50 PM

I expect 2022 to begin with a Bitcoin exchange rate somewhere between $10,000 and $150,000.
I expect 2022 to end with a Bitcoin exchange rate somewhere between $3,000 and $400,000

Anyone giving you an exact number (or even a small range) is just guessing. They may turn out to be right, but that's just because they got lucky in their guess, not because of any actual ability to predict the future.

Bitcoin is volatile. The exchange rate can fluctuate by dozens of percentage points over very short periods of time. It's impossible to reliably predict any specific value for any time in the future. It's my belief that overall the long-term trend is upwards, so 5 to 10 years from now, it will almost certainly be higher than $45,000.

Look at that. Isn't that interesting. I've been saying similar things for a decade now. Did I get ridiculed by anyone with any significant reputation on this forum??

Quote from: HardFacts on September 25, 2022, 10:31:15 PM

So stop the self delusion for a minute and consider that Bitcoin could still go FAR LOWER...

Of course it could. It always could. Here's an idea though... how about you stop the delusion for a minute and also consider that Bitcoin could still go FAR HIGHER...

If I buy $100 worth of bitcoin today, and the exchange rate drops all the way to $2000, I'll have lost $90. However, if (when?) it eventually rises to $1,000,000 I'll be sitting on $10,000. I'm happy to take a small risk of losing $90 for a huge potential gain of $9,000 or more. Aren't you?

Quote from: HardFacts on September 25, 2022, 10:31:15 PM

So here is the question I am asking you guys:

1. At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??

I don't actually care if it goes to the moon or not. Bitcoin is money. I hold it as money. I use it as money. Sometimes it experiences increases in buying power, sometimes it experiences losses in buying power. That's true of ALL money. I don't hear you asking the same question about other forms of money. At what point do you lose faith in the dream of U.S. dollars going to the moon, cut your losses, and sell all your U.S. dollars?

Quote from: HardFacts on September 25, 2022, 10:31:15 PM

2. At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??

You said, "here's the question". That's a second question. Might want to work on your counting skills.

Sell my Bitcoin? No thanks. I'll continue to acquire it whenever I have some income available, and I'll continue to spend it whenever I see an opportunity to buy something I want. Same as any other money. If it drops to $1000, I'll buy some then. If it rises to $100,000, I'll buy some then. I'll just keep buying whenever I can. Trying to time the market is a fool's errand. You may get lucky and get it right occasionally, but you'll only form bad habits and lose it all eventually.

Quote from: HardFacts on September 25, 2022, 10:31:15 PM

3. Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??

There is no bottom. There are ups, there are downs. It can always go lower. it can always go higher. I prefer to acquire when possible and spend on the things I need and want in my life (just like with ANY other money).