Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
<snipped>then he will no doubt be the first to say " I was down half a billion dollars , and now I am up 2 billion dollars" and you are not going to say to him... "bro you ain't in profit until you sell bro"
Of course, I will (if getting $$ is the ultimate aim).
It only really matters if you want to use that btc as a collateral, then, yes, mark-to-market, etc, etc.
Besides, maybe it was not the fitst buy.
M. Saylor bought some at 17K, some at 32K, some at 60K, some at 40K (average about 30-31K, I think).
OT: Netflix loses subs, craters in extended time. Watch FB doing the same tomorrow.
exactly, prices go up and down, and that is ok, and expected, and inevitable, it is baked into the cake... natural & necessary.
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
[...]
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
The guy, if it is an individual, or chick, or corp etc, is definitely not a loser imo, not saying that, just y'know, his BTC has less fiat price today, than when he bought it (which is a common predicament for many hodlers for certain periods of time, such is the game)
Agreed. Future price may be orders of magnitude higher.... it may not, but it most likely is going to be.
"owning BTC is a winning strategy" fuckin' aye it is... 100% , zero argument from me..
I am pretty much a permabull longterm for BTC, in case anyone forgot or didn't know, or it was not clear... but then , it is not religion, and it is ok to discuss what it is, isn't, could be, wont be , etc
It is ok, for someone to point out that someone is currently down on their investment, such is the nature of the beast, especially this beast, volatility is its middle name.... and one of the reasons we love it, embrace that shit.