This thread was started clearly by someone who was terrified to buy bitcoin after it has crashed and during the bear market when price was still falling ($20k with no bottom in sight) The thread is a cry for help, begging others to give him confirmation bias that bitcoin is a terrible investment ET posters did not disappoint the OP Read all the pages of this thread to see for yourself Same story every bear market This one thread is the classic example, bitcoin crashed over 85% from Jan 2014 all time high https://www.elitetrader.com/et/thre...itcoin-believers-still-comfy-about-it.288985/
Not really. More like an attempt at a discussion. I'm no stranger towards buying BTC, but I stand by what I said on page 1 and repeated in my last comment to @Baron - who at least was courteous enough to give a civil reply. BTC may very well continue to appreciate, but if it correlates with other risky assets it clearly is neither a good store of value, nor an uncorrelated asset.
You're speaking the language of cope You can continue to lie to yourself, or perhaps you already know the truth, but I highlighted the very essence of this thread No, I will not baby you, go somewhere else to get comfort You were scared, plain and simple. I did not change any words from your post For the record, this thread is very damaging, it is very possible it prevented some ET readers not to invest in bitcoin after reading all the negative posts, or even scared others to give up and sell their long term bitcoin investments Threads like these and in the past have consequences that we may never learn as the ones affected would never come forward, too embarrassed to admit how they got influenced by an ET thread
The problem with crashes... isn't that people WANT to sell.. it's when the broker rips the assets out of the account due to a margin-call. And then you get even more cascading margin-calls... How will the next one start? I'm not sure, I am still expecting a disaster by Tether at some point in the future, but the AI bubble is going to hurt the tech index when this one goes off for sure. I have little interest in being a bagholder of NVidia, but power to everyone riding the wave. Something seems quite off... like when Cathy Wood was a huge fan of AI and often over-extremely bullish on all this stuff. Yet even she closed out. Warning Will Robbinson! Warning!
Dude. Step down from your high horse and stop acting like a dick. You lucked out on Bitcoin and act like you're an expert. Just like every other dumb investor over the last decade who pretty much have the FED to thank for their success be that equities or cryptocurrencies, but wrongly believe they're investment geniouses. A guy here in Norway became a multi-millionaire on Bitcoin and other cryptocurrencies and pretty much admitted he was just at the right place at the right time. No skills. No brains. Just dumb money. No f**king way he'd be able to replicate that success. I personally know many people who lost considerable money in cryptocurrencies, so I see no harm in raising critical questions. Only cultists like yourself would be opposed against that. Any investor should always ask critical questions before making an investment and assessing the potential risk. Again, I don't have anything personal against Bitcoin and may very well buy it for investment purposes in the future, but currently I'm happy investing in equities instead. The arguments I raised in this thread are still valid. If Bitcoin holds up the next time risk assets sell off, I'll change my mind, but for now I'm comfortable sticking with the facts.
You're all over the place trying to misdirect, of course you know a lot of people who lost money in cryptocurrencies, there's hundred thousands of them and most are not within 3% of their ath price but let's get back to the topic, look up to your thread title, Bitcoin And you're still coping with a goal post that bitcoin has to be this and that, dude, stop it already, nobody fucking cares about you Blackrock and Fidelity and other etf's and companies are buying bitcoins by the billions of $ in behalf of their investors and 900 public companies, plus pension funds, you are too fucking late to bitcoin, so just keep coming up with new goal posts for cope, no one gives a shit Why is it so difficult for you to admit you were scared buying after the price of bitcoin has crashed? The price of bitcoin pulled back, nothing has changed with Bitcoin and you lost interest, no asshole, you got scared Why am being such a fucking asshole towards you re: this thread? Because instead of being quiet about it, you had to make this thread so you can gloat about your cowardice to everyone and get the supporting comments and gang up on all the bitcoin supporters who are still hodling, stupid fucks, will lose all their investments, you even claim past performance yada yada yada, and others chiming in kicking us when we are fucking down and depressed I had all of my family's savings invested into bitcoins, over 20 bitcoins, you think I'm a robot unemotional android unaffected psychologically losing over $1M of net worth, with no signs of bottoming Did you care to think that maybe I was also considering giving up, selling for $400k or $300k and begging for my job back? Did you care at all that I was feeling defeated that I failed my kids, my family, myself and had to make plans for the future? I used myself in all that example because if I ran out of fiat, I was prepared to beg for my old job, or even go look for a job, part time, Walmart greeter, janitor, whatever it takes to support my family... but I was not giving up and selling our bitcoins during the bear market That was me, imagine your thread and all the comments from all the people you know were going to be on your side mocking, deriding anyone who was still invested or thinking of investing into Bitcoin, Yes, your thread was that powerful, but you did not care to consider all those second order effects on others... You were too selfish and needed support for your decision not to invest in Bitcoin Good for you but I tell you now fuck you for starting this thread during the bear market from an anonymous asshole poster that I am No offense
You're a dumb and rude fuck who lucked out. That's all. If you were interested in an actual discussion like civil adults, I'd consider responding to your other comments. Now, fuck off.