I treat bitcoins like I treat my stocks...I would go insane if I checked it every day, so I check in on it maybe once a month
Smart man. Bitcoin is a long term buy and forget asset. The difference between it and stocks though is that it's a bearer instrument. You can and should hold it yourself. https://www.thebitcoinway.com/
This post is from 4 years ago and I'll be damned if this is not exactly what I am doing right now. Wife came to me last night and threw down the gauntlet about a vacation, thank God Btc is cooperating, lol.
There's so many people from the early days of this thread I'm curious about. @Yung-T @rezdawg @SirIvyLeague @LongTimeFan @mrm32 @Stack24 @Hakeemtheking @The Real Shady Somebody here has to be a multimillionaire by now.
I feel crazy (even though yall already think I am crazy) - because last bull run I was a big believer making big gains off MARA and happy to have an asset detached from the money printing that was going on. And I still have my original untouched BTC stash (lotto ticket gamble to me). But now, like everything else, it feels so... manipulated. BTC is going up in price because of more institutional buy-in. More momentum with global political adoption. More vocal neo-lib masturbatory propaganda from celebs like Elon and Trump (who used to hate it but magically loves it now), along with the OG, Saylor (props to him as always, he has true conviction). All these things are supposed to be positives... but the way wealth is concentrated at the top. And money is used to wage war and influence society and policy. I don't see how these same exact factors cant also collude, manipulate and rug pull. Particularly in the non-long-term (let's say, sometime in the next 5 years). Smart people will make BTC work at a fair price ($100k is not the realistic price right now) but most people are not smart. Dumb people + greedy rich people = a combo that can inflate the price and eventually set huge portions of market cap on fire in a hurry.. If 100% of my 401k is MSFT and it goes to $0 tomorrow, that's ****ing awesome, MSFT makes a ton of money, people use it everyday, I'm gonna buy every share and own MSFT. Same happens with BTC and I cant sell it to anyone without institutional/political/public support. I just don't trust the people shaping the policy right now. If you're Saylor and want to hold for 20 years do your thing. If you're trying to retire in 5 years, uh, get out before the rug pull.
You're all over the place. All I will tell you is that the vast majority of bitcoin traders get wrecked. If you're a trader, stay away from bitcoin and its derivatives. You will struggle to understand it if you price/value everything in USD. For every 1 person who successfully shorts bitcoin, 10 others get ruined.
I don't it's already plummeted violently plenty of times. 50% drop in a week wouldn't surprise anyone.
Everything is up right now due to the mania. For the folks in it purely for the money, congrats I just view crypto like stocks or any speculative asset class. Big money/ institutional investors are into it to make money not because they believe any of the other nonsense. When people are saying "you don't understand" or "you need to do your homework" then it's clear it's complexity is a feature not a bug in order to mask an underlying issue.
We are not talking about crypto. We are talking about Bitcoin. Seems you struggle to understand the difference.
Of course you are.... What you mean to say is you want to differentiate the most recognizable and one of the best performing cryptos from the rest. No?
Look dude, you can flip and dip the words all you want. The fact remains people who identify as Bitcoiners almost always either tell people to stay out of everything else or be very cautious. There is a strong fundamental difference between bitcoin and everything else. I understand you do not see the difference. But there is no point coming into a Bitcoin thread to stir the pot unless you're trying to be an *******. The is an alt-coin thread for this purpose where many of us will agree with you. Nobody in this thread is going to recommend people throwing their life savings into Solana or suggest the US should create a solana reserve.
Seems like the long way of saying I was right. It's an open thread. It's interesting to see how people view crypto, especially as it gets increasingly swallowed by wall st. It's also interesting seeing the various thesis on crypto.
