Investing in anything based on the past is a fools game. Look at the future and be realistic.
just gotta have patience.
Well, Bitcoin has stabilized at almost 6500$/coin. I’m tired of waiting for a jump, so I’m taking the loss and getting my cash back.
P.S. Please screenshot this message for the future =)
HA! That’s how I felt at $6!
R. I. P.
If you consciously hodl’d through the dark winter of bitcoin from 2013-2016 you deserve every penny of your wealth, imo.
Let alone if you found out about it, saw the value, got in and bought + hodl’d from 2011 (!) onwards.
I admire your vision, understanding and balls of steel, sirs.
To paraphrase the founder of Berkshire Hathaway: the crypto market is the place were wealth from people without patience is transferred to people with patience
He almost exactly screwed himself.
tom yuo n00b
Yes it has been looking very stable last month!
If it dropped to 5K, definitely 4K I’d say there would be more panic than right now… It still is an inflated coin with many issues. Both total volume and the total transactions per second. When others exist that can do one better than Bitcoin it’s hard to place it at the top just because it was a ” first mover”. Many industries have seen brands go off into the sunset. Bitcoin will always have a place in history but I find it hard to put it as the end successor for crypto looking to the future. But it’s quite a “toss-up” for what will emerge from the other projects. Maybe a year or two until we see definitive options in real use by those outside of the inner circle. It’s comming…
Just because something happened before doesn’t make it more likely to happen again, that’s the hot hand fallacy.
As someone who bought from 2013.. most of you will not survive, sorry and good luck.
Because, what even is confirmation bias?
What’s the point of keeping on digging up the past like this though? Pets.com had huge jumps too, but look where it is now.
Past != future
O O F
Right now it stabilized in 5-7k just playing around there
Tommy boy!! What have you done!!!!
To me it’s like gambling. If you i lose the money I’m a fuckin idiot and have laugh…. but if i win…. if we win this giant parlay…. goodness boys were having an even bigger laugh all the way to the bank
Bitcoin rewards the very patient person and destroys the impetuous fool.
For about 20 seconds. Stabilized enough.
Youll be fine, we will likely just range around between 5-8k i assume over the next few months or so. Patience will pay off
Past performance is not indicative of future results.
how many here reloaded at a little more than $7k encouraged by the pump, only to HODL as it dropped back below the price you bought in at?
Things were different back then…back then there was no bank issues, govt directives, no banning, not many hacks, scams but now it is the reality, Bitcoin is suffering from setbacks, govts having issues, banks having discomfort, exchanges getting hacked, whales playing gods so there is a serious concerns for future of Bitcoin.
this crypto market is not for those who thinks for short term gain, If you want to get maximum from it, you have to have patience and you have to think for long term.
study shows most of the short term trader suffer losses than long term investor.
So be positive, Be Hodler, Don’t be panicked.
Can we just fucking come to terms with the fact that the price only goes up when we feel completely hopeless. Next time it goes up we have to remember to stay complacent so it will keep going up
Bitcoin didnt reach that price again until Jan 2013,(18 months later)
Assuming he bought the ATH it wasnt until Feb 20 2013 that the price reached back to $30 a coin. BUT by April 2013 it hit $230 per BTC, then it crashed again.
Dont buy bitcoin because you know its going to crash again
Anybody who takes a loss with bitcoin is an impatient chump with baby hands. The longest anyone has ever had to hold bitcoin to see profit is 3 years. That isn’t a very long time in the world of investing to have to wait.
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