Nah, if he'd have bought gold in 2021 from the money from selling his house, he'd be in a much better place now. He bought the wrong thing, that's all.
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😅 I can’t tell if you’re shit stirring or if you think cherry picked hindsight is useful.
His “gold outcome” didn’t outperform his Bitcoin unless he actually sells the dip.
Just like your house doesn’t get smaller when the market dips - it’s just volatility.
What outperformed Bitcoin was a bad entry, not gold itself.
If he bought BTC:
- 1 year earlier
- 1 year later
- Or on literally any DCA schedule
- with any cash buffer
- with any kind of risk management
…his outcome would be dramatically better than gold.
The problem isn’t Bitcoin. The problem is
- trading in your house
- To buy near the exact top
- with a short time horizon
- without a plan for volatility
Gold cant save you from a move like that — it just hides it by being slow
And for the fella who bought at 61k — you’re not screwed. Its gonna be fine.
You only lock in the loss if you sell. Every past cycle shows that the worst entries eventually turn into strong positions, as long as you give bitcoin a long enough runway.
Even 2017 ATH buyers (who had worse timing and worse drawdown than you) ended up about 3.5 x up just by holding into the next full cycle.
Your job now isn’t timing — it’s patience.
Stay solvent, zoom out, and don’t let a bad entry turn into a bad exit.