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Since you are so smart EarnOnVictor, you would have had been trading it the whole time, and really screwed up your profits, whether you had bought below $32..
You clearly did not get the gist judging by your statements, I never mentioned trading in what you replied to, it was all about investment. And certainly, I've been trading far before the crypto era, I've invested in a few assets and I've traded Bitcoin since 2013/2014, so I know the line between trading and investing and if I want to invest, I know what I am talking about and $32 is still very advantaged than when Bitcoin is $60,000, you can't undermine their market cap now.
People have always thought bitcoin was overly priced and not able to go up as much as previously, and sure there is truth to the claim, but there is still a lot of upside potential in bitcoin, even if the multiples (and magnitudes) cannot be as great as they had been previously, but they are still sufficiently good and bitcoin remains amongst the best if not the best investment currently available. Bitcoin is about 1/15th the market cap of gold and bitcoin is likely around 1,000x or more more valuable than gold, and so even though it could take 50-200 years or more for the price matters to play out, we should still be able to recognize and appreciate something in the ballpark of 15k times price appreciation for bitcoin.. and yeah gold could lose value too in the process...so those relative prices based on market cap would not be just based on bitcoin going up relative to gold.
No doubt, Bitcoin is a good asset, which is why I am involved in it, but the reality that will dawn on people later is that it may not have the momentum to climb as fast as they expect. This doesn't mean it will not be appreciated, but what people think it would do in 4 years may be achieved in decades.
As for Gold, I don't see any correlation between it and Bitcoin and don't forget that Gold has physical use but Bitcoin does not have it. I've also noticed that the market cap of the two are irrespective of each other, Btcoin may grow while Gold grows as well, so there is enough room to contain both without interference in liquidity inflow, except for the preference of investors.
Wow... You used to be a HODLer and accumulator but you turned into a trader. How long did you practice HODLing and accumulating? A year? or some other amount of time within your seemingly vast bitcoin experiences?
This is not about trading but smart investment. I've always been a trader of Bitcoin even when I was HODLing a higher amount, but now, I've reduced the amount of my HODLing to maximise my earnings through a better feasible approach. It's still the same Bitcoin investment by the way.
In spite of your claims, bitcoin is far from being a mature asset merely because some financial folks on wallstreet are starting to market and pump bitcoin. You are diluted if you believe bitcoin to have had come even close to becoming a mature asset.
That's your view, I have mine, and based on my experience in the financial market, I certainly know what I am saying. Do you know how many people trade Bitcoin daily in the financial market and how huge the volumes are? So it is not about pumping alone but the market behaving like a true mature asset. Perhaps, you took the "mature" as a cap in my last post, you are wrong if that is the case.
Trading is a sure way for folks to lose money out of being greedy rather than just going along with whatever price appreciation that bitcoin brings through the smarter and even less complicated buy and hold techniques.
I never mention trading but trading chart, you can read that again. The use of the trading chart is for you to make an informed decision on your Bitcoin investment and not rely on beliefs and assumptions. Whether I call it a trading chart or an investment chart, I am still referring to the same chart.