Bitcoin is over 100k. It is now worth over 2 trillion dollars! it is worth more then every company in the world except … aapl, NVDA, msft, amzn and goog! it went from worth $0 to >2 trillion in 15 short years … with no marketing spend, no employees, no ceo, nobody having any control over this at all. Even if you take the performance since the start of 2015, so excluding the ridiculous gains of the early years, you are still looking at: CAGR: 80% (for 10 years!) Vol: 67% Sharpe: 1.19 (over 1 sharpe for 10 years in a 67% vol asset, I would of thought that was nearly impossible) It is the height of arrogance to observe this performance and just ignore it, figuring the market is “wrong”. When do you throw in the towel? When do you admit you are wrong and have some humility? I guess the rest of the world doesn’t know about tether though right?
i did but... if you added the power, labor, time and equipment involved in btc it would cost more than it's worth. not to mention the lost coins that will never be recovered. it is a race to the top and nothing is there, now along the way there is something there, if you don't overshoot the top. i am not against alt coins at all i trade and want there to be alternatives, i have owned btc since the begging just about. but i have lost coins along the way just like most everyone. the time i have spent is just stupid. there needs to be something better and gold is not it either, i settled on ammo and lasers.
I will never understand when coiners brag about a price in USD, they keep telling everyone to hold forever and never sell anything. And yet they are happy to see their unrealized gains on a dashboard. https://www.investopedia.com/ask/answers/06/realizedprofitsvsunrealizedprofits.asp If you don't close your position you don't gain anything. But hey 100K is a nice number!
still making up numbers but this is a reasonable concern. I would just say the market disagrees with ya … Bitcoin has outperformed other cryptos this year (with the exception of the last week). No other crypto is worth even a quarter of what Bitcoin is.
And I am not bragging. I am seriously wondering how, in the face of these statistics, can non coiners keep telling themselves they are correct. It’s crazy arrogance to say you are right and the market is this dramatically wrong for this amount of time no?
The only people against it are the people not profiting from it...and they have been given multiple entries especially with the new bitcoin etf's but they continue to just cry sour grapes...let them cry, I'll wash my (2008) Lambo with their tears.
the funny thing is, one day, Bitcoin will crash from 400k to 100k and they will be taking victory laps lol.