Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bitebits
on 23/09/2021, 04:52:58 UTC
⭐ Merited by JayJuanGee (2)
[edited out]

Ok that makes sense..
Yeah I remember the usual goal being 21 BTC, then Kindof 2.1, and now 0.21 I guess..

As the price goes up by an order of magnitude, iguess a good goal should go down by the same..

I sure don’t have 21 BTC LOL..

For sure, 21 BTC was way more reachable when you first became a forum member, but still it is understandable that it can take a while to actually 1) focus on BTC accumulation or 2) even have enough resources to actually garner up to stack BTC - even if you might have known about the bullish case for bitcoin back then. 

Just think about back then (2015-ish).. some forum guys might have been saying that they were shooting to accumulate up to 21 BTC, and some other forum members might have proclaimed that they already have reached 3x those entry-level aspirations.  Keep in mind through much of 2015, BTC prices were in the mid-$200s, so it would not be unreasonable for a guy to buy BTC at $250 or even $300 per BTC, so even assuming the purchase at the higher $300 price per BTC, the 21 BTC would have cost a mere $6,300 and of course, 3x the target size of 63 BTC would have cost $18,900..   

A lot of those amounts of investment into BTC seem reasonable now, even though back then, it would have likely still seemed like a lot of money to be putting into BTC, especially considering how scared a lot of normie folks seemed to have been about BTC through much of 2015 with the BTC prices staying down there and bouncing around largely in the $200s for most of that year.


Should have listened to myself. Shiiiiit.

21btc = 1/1.000.000 share in Bitcoin

Imagine, for just a few dollars, you own an insane share of the Bitcoin payment network.
Such a bargain!

The more I get to know about the Bitcoin payment network, the more I want to increase my share. I admit it, I got addicted. It seems that atm, the market is listening to my needs.