When it hit around the $30 mark I was thinking that was going to be where it levelled off and I was actually excited for it to become a stable currency.
I was pretty wrong, both about it being a stable and a currency.
As another commenter mentioned, I'm also excited to have been here for it all and stille excited to see where it leads. Ultimately, whether you love it or hate it, Bitcoin has made its mark on history and has kind of become the giant shoulders that the next generation can stand on.
And from 1200 to 120, and from 20k to 3k, but today is 9k, so on the average year-to-year the price was always on the rise. You do know there are right now more millionaires on Earth then the total number of bitcoins that will ever be. So when bitcoin going to be all 21 millions mined, there will be not enough for all millionaires to buy one. Let that sink.
There are also more millionaires on earth right now than there ever will be of my exclusive cryptocurrency, MoonCoin. I’d be happy to sell you one for 1,000 USD
> ... so on the average year-to-year the price was always on the rise.
Really? Even in 2018? It wasn't, it started at $17K (when I sold) and ended at $3k.
> So when bitcoin going to be all 21 millions mined, there will be not enough for all millionaires to buy one. Let that sink.
And? There's not enough millionaires in the world to buy more than 1 Transamerica Pyramid, either. That means absolutely nothing. There's not enough millionaires on earth to buy 1 BTC each today and it means nothing.
I thought it was nuts when BTC crossed the great Rubicon that was $1/BTC thinking how could this thing I generated on my laptop be worth more than a real dollar? I sold then bought in again after Mt Gox. I get the same vibes today it might take 10 years but nothing is different now, Bitcoin will be $100k eventually.
You missed k__'s point which is that no matter what peak price you think was the best time to sell out, it has always been followed 2-3 years later by an even greater peak.
You have hindsight in the past but you are still lacking foresight into the future.
To be fair it was pretty obvious if you had been in the space for a while. When random people start texting you up asking how to buy XRP and telling you why LTC is better than BTC you know it's a bubble and know it's time to get out.
Look at Charlie Lee for example. Everyone blames him for dumping his LTC at $200 or whatever it was but frankly it was extremely obvious that it was a bubble and a smart decision.
The market can always remain irrational longer than you can remain solvent. There were and continue to be myriad reasons to get the heck out. You can ignore them and bet on irrationality but that isn't a substitute for looking a "reason to get out" - there's boatloads.
Wish I had had the presence of mind to realize it was time to get out.