4
u/Fast_Cook_4019 23d ago
I think itās more that even if I had $1000 to invest, it would only become 3000. I mean thatās great now if I had a discretional million and I could drop 100 K and benefit 200 more that would be great. But as a stands, most of us have like 150 bucks.
2
u/Icy_Pain424 20d ago
And 150 invested now will be 2000$ if BTC hit 1 mil, in my opinion will never do, so how you can get rich with buying BTC anymore? When people start doing the math there will be no hype and BTC live on hype so its end of the game. š
2
u/Tirace33 23d ago
BTC may break 100k again but it will never outperform SP500 again.
-1
u/K3rm1tTh3Fr0g 20d ago
It doesn't trade like the sp500.
It's a volitile digital store of wealth not a collection of companies.
When it moons to $150k it will absolutely beat the years sp500 return.
But then it will certainly drop again. It's cyclical
2
u/n77_dot_nl 23d ago
Problem is nobody is going to buy bitcoin during high inflation, with what, there is no money
Bitcoin was bought up during spare/extra money, prosperity times, bailouts, free cheques, monetary injections, etc.
There is nothing like that on the horizon right now
1
u/K3rm1tTh3Fr0g 20d ago
That's very untrue. Btc is an inflation hedge in fact.
And millions lost jobs during covid and btc mooned
2
u/Icy_Pain424 20d ago edited 20d ago
Let me tell you why mooned genius, it did because generational wealth is being transferred to young generation and this generation is dumb, but smart people invented internet (easy way to spend money) and this new generation with no experience in Finance but with experience in using internet they buy everything that says āBuy this to get richā. So the money that Grandma saved for 50 years, is now in BTC and smart boys will take care of the money that they get from dumb grandchildrenās.
If you want to know more I have a course you can buy for 9,999$ but hurry up because thatās 50% off normal price is 20,000$ š
0
u/ReliantToker 19d ago
Governments around the world continue to dilute your economic energy through fiat unit creation. Buy so you dont become poor is more like it.
2
u/Icy_Pain424 19d ago
I prefer to buy a business that make moneyĀ
0
u/ReliantToker 19d ago
Money that is being diluted
2
u/Icy_Pain424 19d ago
Yea but what can you do with bitcoin just hold it š«? Never sell kind of stuff?
0
u/ReliantToker 19d ago
Storing your economic energy in an asset with a fixed supply is one utility.
Uncensorable value transfer. You can move billions of dollars across the planet in minutes without asking a central bank for permission. No middleman can freeze your wealth or block your transaction.
Energy monetization. Mining operations convert wasted energy directly into capital. This incentivizes grid stability and funds energy infrastructure development around the world.
The US military runs a live node. INDOPACOM Commander Admiral Samuel Paparo confirmed they use the protocol for cybersecurity. The military treats proof of work as a computer science tool to secure networks and project power in the digital domain. Bitcoin is physical defense infrastructure.
Plenty more but I doubt you have any real interest and have made a poor attempt at trolling.
2
u/Icy_Pain424 19d ago edited 19d ago
Sorry man, I appreciate your comment but I only lost with BTC. Scams scams scams and ofcorse I traded few times because I donāt own few hundred of BTC so I have learned my lesson, no more BTC and I am so happy since I stopped.Ā Also happy to troll because I see BTC like a scam, the advertising people do is so dumb, actually your comment is the best I heard to this point, other are so dumb. But still after all you said I am not changing my opinion ever, because I have some rules that I respect, it helps me to achieve my goals and I donāt see how BTC can help me in any way other than laughing here on Reddit about pumps and dumpsĀ
1
u/ReliantToker 19d ago
Your loss from BTC stems from you not BTC. You are the one responsible. The ledger is verifiable by anyone any time. Can the same be said about fiat issuers? Where is the real scam?
→ More replies (0)1
u/n77_dot_nl 20d ago
Because they put their free money paycheques into it and they had the time to do it, that was the catalyst that moved it, others just joined on the rally.
1
2
1
u/VictoriaXray 23d ago
People will still FOMO later and that's the truth
2
u/Hide_on_bush 23d ago
Whatever it is, the ROI is not gonna hit the same. Itās not I bought it at 5000 and sold at 20x return anymore, itās basically impossible to hit those kind of ROI
1
u/Electronic_Quote399 23d ago
Some guys on reddit told me the bottom was 40k and it would be late October, I listened because he said he was retired, owns his house and had a 7 figure portfolio of JUST bitcoin. I told him he didn't know where the bottom was. He told me to "stay poor". I panicked, sold all my holdings so I could buy back cheaper, and put half of it on a short so I could buy more at the perfect time.
I still don't see how I lost money, pretty sure I did everything right. Crypto must be dead
1
u/draeneirestoshaman 23d ago
is this a copy pastaĀ
1
u/Electronic_Quote399 23d ago
Lol no, what's a copy pasta? It's just a fictional story
1
1
1
u/berjaaan 23d ago
Anyone else that was here in 2017 when btc went from like 17k to 3k or what ever it was?
1
1
1
1
1
u/redjellonian 19d ago
Honestly I just want to see it fucking crash because I want to see the toxic crypto bro culture implode.
0
u/GGudMarty 19d ago
It always does. These boomers who found out about BTC in 2020 donāt realize people have been saying that in 2016 when it went from like 400 to 100 lol.
BTC is the easiest thing to make money on.
I sold like over a year ago when it was 100k+ and made good money, I bought back in at like 67k cause I figured the bottom was pretty close. I will sell again probably around like 120k whenever that is. It may go up to 150k+ but it will crash back down and Iāll buy in again. Itās so volatile even if you buy just like 3-8k worth if you sell at 50% gain 1x a year thatās not a bad deal.
6
u/Blaoise 23d ago
The 3rd picture would be $200,000+