no financial advice here, just entertainment... Anyone can buy a small amount of bitcoin, but of course we all have unit bias, Everyone assumes and expects the bitcoin crashes from peak to bottom of 70-90% but unless you're really paying attention... higher lows and higher highs 2013 bull market high and bear market low = $1200 and $150 2017 bull market high and bear market low = $20,000 and $3,200 2021 bull market high and bear market low = $69,000 and $14,500 Regular person/non millionaire, single digit millionaire, high net worth, uhnw have different unit biases for bitcoin, ranging from 1 bitcoin, 10 bitcoin, 100 bitcoin and 1,000 bitcoin The last bear market was the last time anyone with a regular job could purchase 1 whole bitcoin. That will not happen anymore Others may argue unless a single digit millionaire is completely convinced on bitcoin, that cohort may also be priced out of 1 whole bitcoin now tl;dr as the usd price of bitcoin goes to several hundred thousand $ each, and higher which net worth classification are you and where will you end up in the wealth hierarchy using bitcoin as a unit of account Perhaps nothing... or perhaps something to consider for future generations --------------------------------------- [Fred did a $500M(?) exit on wall street and got into bitcoin] [Someone wanting to retire and collect from bitcoin "retirement savings" in 5 years for the next 30 years, 21% cagr bitcoin ] https://unchained.com/retirement-calculator
Tell us something we haven't known since 3k lol. Seriously, how is this postworthy? And technically Bitcoin can still drop to 20k if it tops here and does an 80% retrace... Even if it goes to $250,000 an 80% retrace brings it to 47k I believe. The real question here is why are you not posting screeshots of your MSTR position? What happened to the pivotal 100k level you and the clown show were pumping non-stop? Also, you might be interested in my last post:
2021 was the first time ever that we dipped below the previous rally peak of 20K. I blame market manipulation and covid for that since many believed it would never happen. It still amazes me how many people still don't know about Bitcoin, granted there is definitely more now, but still a lot who have no idea of where to even start with Bitcoin. Once different states start adding to their treasuries and countries, things will be beautiful
get into the shitcoins that are cheaper. like doge shiba pepe and all the other ones. eventually those will also go up for same reason you said. because most people dont compute that you can buy a fraction of bitcoin you are not the only one who thinks like that. also you do realize that cryptos are fractional unlike stocks. you can buy 10000 dollars worth of bitcoin
i had a chance to buy it when it dropped to 1300 for 3 hours that one day in 2019 or something. and then went back up to over 3k. everyone has that story where they watched bitcoin bottom out but didnt buy, because we dont have the data that institutions have. their algorithms and AI are smarter than combined intelligence of average american family sometimes. as traders we cant compete with that.
You don't have to compete with algorithms. Algorithms add liquidity...they are the greatest thing for traders. Bitcoin has gone from 3k to 100k...are you saying because of algorithms there were no buying opportunities over that 5 year span? Does it matter if you got in at 3k, 5k 10k 30k??? If bitcoin goes to 1 million does it really matter if you got in a 3k or 30k or 100k? If you want to day trade against algorithms thinking you can out scalp them then yeah you deserve to get rekt...I mean I can do it because I have the technical know how but not you punters.