Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Amphenomenon
on 06/03/2024, 09:25:23 UTC
⭐ Merited by vapourminer (1)
4k was exactly 4 years ago...
Time flies when you are having fun.

The last 4 years have been pretty good, relatively speaking, especially for any of us who had been in bitcoin and/or mostly established our position prior to 4 years ago.

On the other hand, anyone who might have had established their position at the top of the 2017 market and did not buy more BTC, those guys might have had suffered a bit in 2022, but if they continued to buy the whole time since 2017, they would be sitting quite pretty right now.

Even if a person from 2017 ONLY invested $100 per week over the last 7 years, he would have had invested right around $36,600 and he would have had accumulated right around 4.4623 bitcoin (currently valued at $306k, so profits on paper currently nearly 8.5x in profits).  Who's going to be complaining about those kinds of numbers for the BTC accumulator/HODLer?
Sometimes I wish If I could have been among those who knew the truth about bitcoin investment early around 2017  but I'm far from that and its quite unfortunate especially when you were holding onto some falsehood knowledge but I Thank God I can see things crystal clear now.

Though I can't accumulate more as you all but I hope in 20 years time I will be like you old folks speaking about bitcoin and I guess others will also view me as an earlier investor then

Well, your forum registration date is a year and a half, so there could be some possibilities that you could have come into bitcoin swinging and even front loaded your investment - but yeah, even with that, it would likely still be difficult to catch up to the earlier investors - which might be part of the legitimacy of the statement that "time in the market" is better than "timing the market."

So, you can choose your level of aggressiveness, and maybe it won't take 20 years for you to start to feel like an OG.  Many of us had started to feel somewhat like an OG after making it through 1 whole bitcoin cycle - and the more that you focus on BTC and don't get distracted by bullshit, then likely the better progress that you would be able to make within your own parameters.

Another thing is that you are likely your own best competitor in terms of figuring out ways to compete against yourself in terms of figuring out ways to help to make your own situation better without overly damaging yourself along the way.
My registration date is truly around that range but to be Frank I literally wasn't in to anything until last year when I literally started spending time on the forum, unlearning and learning since almost every knowledge I had about cryptocurrency were fallacy especially in relating to bitcoin, investment and privacy.

I did not accumulate enough bitcoin like I would have desire especially since I had some life expenses to deal with and wasn't thinking of taking loans don't really like that but I'm working on to an aggressive investment plan by adding additional skill that will fetch me good funds in taking care of expenses and having a constant DCA strategy aside using signature campaign for such