Quote from: Copetech on Today at 02:42:26 AM

Quote from: JayJuanGee on Today at 12:28:18 AM

[Edited: Many Words]

Anyone want 2 years waiting for the BTC price to go back above the 100 week moving average - I am not saying that it is going to happen... but I am not so insulated as to either not giving any fucks or to even appreciate that bitcoin is going to be resilient no matter what, even if shit really goes bad in various macro-segments.

Even if the BTC holdings of some of the longer-term bitcoiners may well still be up 30x or even 100x, there's gotta be some level of discomfort, no?

[Edit: More Words]

I mean, if we're being 100% perfectly honest...

I mean, YOU asked...

(24 months of averaging down from my $31.5k cost average with weekly buys??? Hmm... OK!)

Pro Tip: Careful asking questions you might not want to hear the answer.

Of course, no coiners and low coiners are going to want to accumulate more BTC.

You are not saying anything inconsistent with what I have already said many times.. I know from experience and you are largely preaching to the choir in that regard.

In other words, I am surely not going to hate on BTC accumulators or their motives, and likely quite a bit of the content of my earlier post was assuming a decent amount of accumulation had already happened... such as pre-September 2020 accumulation and largely BTC accumulated with averages less than $10k per BTC.

I might even be understating the case, because even any kind of normie who got into BTC right around September 2020 and might have even attempted to engage in relatively aggressive BTC accumulation, may well NOT have even had a sufficient amount of time to engage in sufficient/adequate BTC accumulation... so I surely understand the likely advantages of investing in BTC in a declining price situation, and several times I have asserted that a whole cycle might not even be enough to really get a decent BTC stash going.

For sure, we cannot know what BTC prices are going to do, but there are likely a lot of ways that advantages come to bitcoin newbies and even anyone investing into BTC less than a full cycle (unless they really had done a pre-September 2020 lump sum investment into BTC of 10% to 30% of their investment portfolio - presuming a significantly established investment portfolio).

For sure, I have seen bitcoin accumulators with short timelines into BTC cheering for the BTC price to go shooting up currently, when largely they have not established much if any kind of bitcoin investment stake... so for sure some relative newbies into bitcoin striving to be somewhat aggressive by even putting $100 to $200 per week into bitcoin will likely get a decent amount of benefit from a dip like this and even if such dip ends up lingering for a long time - even 1 year or 2 years.

Just a reminder that my personal position in bitcoin was clearly negative for more than my first 2 years, and then ambiguous for nearly another year after the first 2 years and really did not start to feel comfortably profitable until after 3 years had passed - and even though there were various challenges to the profitable level of my BTC holdings after having more than 3 years into it, there was a decent amount of cushion to provide comfort - and surely we cannot really know if history is going to allow current accumulators to achieve those kinds of similar levels of psychological and financial comforts/cushions - which also so far in bitcoin's history - there have been guys who have suffered doubts in bitcoin at various times, but the HODLers and persistent ongoing (and sometimes aggressive) BTC accumulators profited through bitcoin's history - those guys who mostly held onto the coins that they accumulated and engaged in various ongoing ways to continue to accumulate coins by ongoing buying of coins (DCA, buying on dips, lump sum investing).. I am not referring to engaging in BTC accumulation methods that involve selling BTC and trying to buy back cheaper.. because those guys did not necessarily perform as well unless they got lucky and learned to stop engaging in those kinds of behaviors (or at least minimizing them to very small portions of the value of their BTC holdings - such as less than 10%).