Quote from: dbshck on Today at 11:01:04 AM

Quote from: Wind_FURY on Today at 10:27:10 AM

Isn't the SEC's decision over BlackRock's ETF scheduled next week? I believe it is.

Yeah, the first deadline for BlackRock's ETF is set for September 2, 2023. However, it seems like everybody is already expecting that the SEC might opt for yet another delay like they did with the ARK/21Shares ETF. We might have to wait until the final deadline, i.e. next year, for the decision.

There is high chances that first approval will happen next year; I don't have any data to back this up but from the body language of the SEC, there will definitely be another delay until next year. Now combine the ETF approval with halving and do the maths.... This is the reason I get shocked when I see some people say anything about selling bitcoin now. I will be like, do these people actually follow bitcoin news? Well, it is what it is: some people will be happy and some will regret.

The gains of joining a balanced bitcoin community like this forum is indescribable; unlike Twitter where there are people spreading all manner of misinformation just to generate traffic and get paid by Elon Musk.

Quote from: JayJuanGee on Today at 05:20:41 AM

I have made mistakes along the way, too, and there are surely folks who have had way better price performance than me.

I have approximated that my more than 20 years of investing prior to bitcoin (prior to late 2013) on average was only earning about 5.5% per year (there were up years and down years but the average was around 5.5%), so those were pretty standard kinds of investments and standard kinds of returns.. maybe even mediocre.. but accounting for various mistakes contained therein.

When I added bitcoin to the mix of the investments, the performance went way up, but it did not go up until right around 3 to 3.5 years later, if we account for either late 2016 or maybe into 2017... and so part of the resulting positive is that even once my BTC price performance got to a pretty decent size to outpace all of my other investments, it really did not drop below $3,124 in late 2018.. so even the lowest of corrections kept the BTC holdings in great profits.

So even if you were to attempt to plug numbers in here, you do not necessarily get to stellar performance, and of course, BTC prices went up 20x from the 2018 lows but also corrected back down to right around 5x.. and perhaps now we are around 8x to 9x from the 2018 low.. but I like to characterize my own overall BTC holdings in terms of having a cost per BTC right around $1k per BTC, and therefore it is easier to estimate the BTC part to be around 26x up, overall.

Even though we might want to believe that it is never late to invest in bitcoin, I am sometimes tempted to think I did not really start early. If you compare the time and resources it will take someone to get 1BTC in say 2016... project it to now that 1BTC is above the annual earning of some jobs regarded as high paying;it is as if the train have left. well, the future still look bright and even though the early adopters are well positioned now, there is still a chance for some huge gains. I see bitcoin making it to the mainstream, it is a matter of time. The uncertainties in the world and political developments is already suggesting that something not controlled by any of the powers of the world will be a preferred choice of many and bitcoin fits well into this narratives.