Quote:
Originally Posted by LaSexorcisto
OK. I purchased 1 BTC on October 15th, 2021 for $60,883.80. (BEFORE this year)
Today, my coin is worth $16,680.70. "I AM UP BIG TIME!!"
Thank god I didn't put that $60,883.80 into a bank, you know with this year's inflation and all. I MUCH rather have $16,680.70 then a measly $60,883.80.
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So your time preference is very high. What did you expect? to put your money in BTC for a year, profit, an get out?
What if you bought 1 BTC anytime prior to 2020 and held 1 year? you'd be WAY up. Right now all markets are down 50-75%, AND we've had a crypto implosion, black swans, due to scammy altcoins, irresponsible centralized exchanges, & greed. Bitcoin fundamentals have not changed and is more secure than ever before, it will recover, these are all just setbacks and every single one of these setbacks is great for Bitcoin future, washing out the trash.