Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
As My chance to get rich at this was lost by 2017, but I did get far more financially comfortable then I would have holding cash bonds and silver/gold.
This is a very alarming statement, which could potentially lead to some kind of mindrusty move. Can you elaborate why you don't believe King Daddy can make a parabolic move in 2025?
P.S. WO is drowning in bearishness and shitcoinery...
P.P.S. All of a sudden remembered Roach. Wonder if the old nazi goldbug is still alive?
see that word “nazi”
i do not think we are far off from the rise of that. So to me if my btc goes up three fold its nice but that word nazi looks more likely to get 3x bigger in the next eight months.
Now maybe you are out of the way a bit but 85 years ago nazis touched a lot of the world.
So my mind is not btc as much as it should be.
So, in other words, no moon this year for us "because nazi"? Totally makes sense!
Seems like you might not have those 20 years after all...
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Where is that diversification discussion from Saylor? Yeah, you might not be a fan of Saylor, but so what? Saylor makes some good points about diversification.
I found this one, but there was another earlier one (perhaps in 2021? - AlcoHoDL had posted it in this very thread), in which Saylor spoke about the waste of time to diversify into shitcoins, even though Saylor has been more ambiguous in recent times.. .but the point still stands that most if not all value flows into the leader of the sector (which is bitcoin) and all others will either trend to zero or largely just be correlated with bitcoin with additional risk and without any real and/or meaningful upside.
[...]
Where is that diversification discussion from Saylor? Yeah, you might not be a fan of Saylor, but so what? Saylor makes some good points about diversification.
I found this one, but there was another earlier one (perhaps in 2021? - AlcoHoDL had posted it in this very thread), in which Saylor spoke about the waste of time to diversify into shitcoins, even though Saylor has been more ambiguous in recent times.. .but the point still stands that most if not all value flows into the leader of the sector (which is bitcoin) and all others will either trend to zero or largely just be correlated with bitcoin with additional risk and without any real and/or meaningful upside.
[...]
I do remember posting this, but I can't find the actual post, and the forum's search engine is pretty bad. Still, I can say for sure that my experience with shitcoins has been negative. I regret every single shitcoin purchase I've even made.
Quick calculation:
Several years ago I bought 50 LTC (for... diversification), back when LTC was selling for around $40. At that time, BTC was selling for around $3000.
Now, my 50 LTC = $6500
Had I bought BTC instead, I would now have an extra 0.67 BTC = $65,800.
I lost $59,300.
Great post to sum up this shitcoin discussion on WO!