Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The thing is, no one can predict the future. That's why there's the saying "the best time to buy Bitcoin is now." The guy bought 18,600 BTC and then the price dropped 35%. It could have just as easily gone the other way. Endlessly postponing buying BTC in the hope that "the price gets lower," you may end up never buying at all.
In 2-3 years' time, the guy who bought 18,600 BTC could be sitting at a few billion dollars' worth of BTC. It could be the smartest investment he's ever made, even if he's "currently losing"...
In 2-3 years' time, the guy who bought 18,600 BTC could be sitting at a few billion dollars' worth of BTC. It could be the smartest investment he's ever made, even if he's "currently losing"...
I totally agree...
However, today he is not "currently losing", he is just currently losing. (as much as a guy with
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The highlighted (and slightly FTFY -- strikethrough mine) part is what I believe most of us are trying to say... Owning BTC is a winning strategy almost by definition. Short-term fiat-equivalent value fluctuations are a known Bitcoin characteristic, which I'm sure the owner of the 18,600 BTC is well aware of. You can remove the quotes from "currently losing" if you wish, but I wouldn't consider that guy a loser.
I see your point though. If he were to sell today, he would be losing. And I will raise you and say that if he sells even when the price reaches $100k he will still be losing -- not fiat, but a future value that could be orders of magnitude higher.
https://twitter.com/gregschoen/status/70261648811761665?lang=en