zattack
Established Member
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Mine is very small, around mid $x,xxx.
What's yours?
What's yours?
Spent most of my crypto holdings in june-july, when BTC was $7k. Very little left at present.
Looking at nearly 6x Bitcoin price now, it gives me a heartache.
About $4K... don't beat yourself up to much.I still hate myself for donating $100 worth BTC to a WordPress developer for a free theme in 2013.
I still hate myself for donating $100 worth BTC to a WordPress developer for a free theme in 2013.
Bitcoin ranged from $14 to about $1100 that year.That $100 worth is just about $33k today.
Staying invested in multiple avenues is a good financial strategy.
or it may be zero
funny how people always look bright on btc or crypto future
most cryptos u see today will not exist in years time...
that's the thing about cryptos..which makes it terrible investment and not even an asset... volatile and unpredictable.
in other words u got no clue if btc will be 5k when u wake up tomorrow or 50k... and worst u got zero control where it will go
to sum it up... unless u got money to spare never buy cryptos.. do not ever buy it with yer kid college fund..or yer rent cash..or yer food cash etc... u get the point..
cause the one undisputed truth fact verifiable about cryptos is this.. it has overall made way more people poorer than richer
and that's all u gotta know
well 1yr ago maybe I decided to cash out few of my dn sales in crypto .. to binance..so I can learn trade ropes and get feet wet with exchanges etc... I think the cash values total sales regardless of various btc values for each were total 10k...since then I learned a lot...made some plus trades.. but mostly bad ones considering my folio value on binance now about 5k.. if strictly compare that 10k I would have had in bank cash...
but of course...I gained priceless experience.. so I hope now to get better..few good trades and we all know how easy 5k can become 10k again.
was close to having round 1btc before the big 40k jump...so I'd be bit richer but gods wanted me to click buy on yfii when it was on roll at 6.5k... soon after it crashed.
of well in cryptos being close doesnt do it.. millions were close like me to doing right trade..but they didnt .so being close does not count.
To sum this up:
Option 1: Trade and lose 50% of value
Option 2: Hold cash and lose the value of inflation
Option 3: Hold BTC and gain 5x in 1 year
One lesson I hope you learned is that by doing nothing you could have had better returns with no tax implications. Most people (90-95%) that trade lose money because they do not know what they're doing. Most people also don't understand the basics of crypto and invest like they're picking stocks. Diversification is not always a strength. There is almost no valid reason to expect any project besides Bitcoin to work in the long term. One day there may be a project that gets it right, but even Ethereum is one failure after another. Would you get rid of Apple stock for "emerging" technology penny stocks?
A blockchain makes sense for the most valuable use case in existence, money. For everything else to date, it either works better on existing systems or should be built on top of Bitcoin. Most projects are just ways to take your BTC. You can't run the internet, tokenization of the world, or finance contracts on a blockchain that gets clogged up when people trade digital kittens. Smart contracts are just contracts written in a language you can't read. A blockchain can't control anything outside of the blockchain, and most projects rely on centralization to work. I hope a project gets it right in the future, but to date all I've seen are ideas that sound nice but have no long term execution, and often a poor understanding of what a blockchain can actually do.
Nothing is guaranteed, but the design of Bitcoin cuts block rewards in half every four years. This cuts the supply of new BTC available to the market in half regardless of demand. Unlike typical assets like gold that increase production with increased demand, Bitcoin supply is going down even as demand increases. Nobody knew for sure what would happen, but it was likely that 2021 was going to be a bull market, just like 2025 will likely be a bull market. It's a function of supply and demand.
It is unlikely BTC will ever drop below $20k again. Past price performance doesn't guarantee future performance, but BTC has never dropped below it's old all time high once it has passed it again and starts a new bull run.
I'm sorry to hear about what happened with Yfii, but plenty of people understand that defi is most likely just a fad like ICO's. There are lots of scams, poor coding, etc. It's not because they're smart necessarily, but because they've seen the same thing before. In a few years there will be a new use case that is the "future of crypto" or "Blockchain 4.0". Bitcoin will probably be hitting $1m in 2025 and new people will make the same mistakes they always make. Your story about Yfii is the same story as people losing a lot in ICO's in 2017, and there will be similar stories in 4 more years about the next craze. We've all made mistakes, especially early on. Just don't let it create a bias that prevents you from making proper analysis of the market now and in the future.
Best of luck!
Nothing is guaranteed, but the design of Bitcoin cuts block rewards in half every four years. This cuts the supply of new BTC available to the market in half regardless of demand. Unlike typical assets like gold that increase production with increased demand, Bitcoin supply is going down even as demand increases. Nobody knew for sure what would happen, but it was likely that 2021 was going to be a bull market, just like 2025 will likely be a bull market. It's a function of supply and demand.
It is unlikely BTC will ever drop below $20k again. Past price performance doesn't guarantee future performance, but BTC has never dropped below it's old all time high once it has passed it again and starts a new bull run.
I'm sorry to hear about what happened with Yfii, but plenty of people understand that defi is most likely just a fad like ICO's. There are lots of scams, poor coding, etc. It's not because they're smart necessarily, but because they've seen the same thing before. In a few years there will be a new use case that is the "future of crypto" or "Blockchain 4.0". Bitcoin will probably be hitting $1m in 2025 and new people will make the same mistakes they always make. Your story about Yfii is the same story as people losing a lot in ICO's in 2017, and there will be similar stories in 4 more years about the next craze. We've all made mistakes, especially early on. Just don't let it create a bias that prevents you from making proper analysis of the market now and in the future.
Best of luck!
tnx
but dont u think 1mil per btc Is just too many millionaires too easily for someones liking..govt etc... I think someone will stop..regulate..etc... if it gets out of hand.. I think 1mil per btc is out of hand. no?
as for btc crashing now...soon...well...I think overall on web u will find way more people saying yes..then no... just one article..with all valid points... btc is having nice run but its number one characteristic and problem...volatility... is anything but resolved just by a new record run.
or these arguments...hard to argue with them no? and yet.. u believe in 1mil per btc.. I guess like i said no one knows for sure...if it was possible many or all would be rich.
I know it appears harmless discussing holdings, but isn't much upside to it. Telling people publicly about your bags, especially the amount...bit risky
Haven't sold any looking to now
Invested knowledge into crypto heavily a year ago
1 year renewal sunk costs now dropping losers