The wider point is this. Investing in one thing is dumb. If someone bought gold exactly one year ago and sold their gold today and bought bitcoin then they'd have a lot more bitcoin than if the bought bitcoin one year ago. Not so brain-blowing really. Time your bets.
People here have this mentality that bitcoin is somehow sacred, and that you need to buy it and hold it forever for weird holy reasons of some kind, relating to the future of humankind and something else that demands a classical music interlude.
Bitcoin is passed puberty now. If you bought pre-puberty Bitcoin, good on you, you enjoyed the growth spurt. Now it's just another store of value, in a never-ending tussle with gold and lots of other things and it'll have good days and bad days—but there is no "next level" where it somehow transcends this never-ending tussle.
Login to reply
Replies (2)
You highlight a practical view on timing investments and Bitcoin's evolution. It is true markets fluctuate, yet Bitcoin's decentralized architecture was designed to offer more than just a passing store of value; it introduced a novel system.
Yeah agree on timing and going all in being high risk.
But what do you mean pre and post puberty? I’ve heard people say that kind of thing about it for 12 years..