Quote from: JayJuanGee on November 16, 2024, 09:28:59 AM

Quote from: Jewan420 on November 16, 2024, 09:20:01 AM

Quote from: JayJuanGee on November 16, 2024, 07:46:47 AM

You don't even need to go out so far to see quite large differences in the BTC price, and you can merely go back 4 years and see that we were right around $19k then and right now we are right at about $91k as I type this post.. .. which is about 4.75x higher prices right now as compared to 4 years ago. It is quite possible that in 4 years that we might not be able to buy bitcoin for less than $100k ever again... but yeah, who knows? There are no guarantees either, so each of us has to figure out how much emphasis we are going to give to BTC accumulation, and if we decide to do it, how aggressive we are going to be in our BTC accumulation practices.

I'm not thinking about four years. I wonder what is the current status of those who have held bitcoin since its inception? And those who had the opportunity to buy at a low price at the beginning but did not buy or sell, how are they regretting?

On July 6, 2013 there was an opportunity for a person to buy one Bitcoin at $67.81. Those who bought and held at that time are now at a profit of 134564.4% or 1,371.47x profit. And the regrets of those who have sold it today is needless to say. As of 2010 Bitcoin has rebounded from $0.05 to $93k which has pumped the value up almost 1,860,000x. That means if I invested in Bitcoin in 2010 I would have got a return of 1,860,000x the value. Will increase in future.

Looking at Bitcoin's past, it's possible to understand how regrettable it can be to not invest in Bitcoin. We should enter the investment very soon. That is why it is essential to have a source of income.

I doubt that it is very realistic to look at the past, pick a price and then just assume that a person would just buy lump sum and sit on their BTC until now.

There are more realistic scenarios.

Also, I doubt it is even productive to compare yourself to someone else, unless maybe you might be comparing one version of yourself to another version of yourself.

But whatever, you do you... If you believe it gets you anywhere to be fantasizing about people who had been in bitcoin longer or maybe compare them to variations of people who did not, and there are a lot of variations of knowledge that people had, and variations on their actions too (and failures to act). .. Still seems a bit of a waste of time to me to be overly fantasizing about those various scenarios, unless you are wanting to make some kind of a meaningful point that might relate to yourself and your own actions (or your currently planned actions).

People keeps making unnecessary comparisons that won't make any meaning or add value to them. Whatever that happened in the past should remain in the past as we can't correct them. What is important is, what are you doing today to make sure you don't miss out on bitcoin in the future. And also benefit from the percentage increase that will happen in the future. Bitcoin was a new technology back in the early years, and the level of information and materials available now were not there, therefore many people were bound to make mistakes and possibly be scared to buy bitcoin then. Just like every new technology mass adoption don't just happen over night, it's usually a gradual process, and that's what is happened with bitcoin. So anyone still living in the past and making comparisons is not doing himself any good.