People often say that if they had a time machine, the first thing they would do is go back in time to buy Bitcoin. Today we have that opportunity, as we have been gifted the chance to buy Bitcoin at the same price as it was ~5 years ago.
Hey @jackmallers, any way we can get personalized orange dots on the Bitcoin chart in the app that show our @Strike Bitcoin purchases over time? Kinda like the plots @saylor posts each week, with the size of the dot scaled based on the purchase size.
I present to you the most infuriating chart that I can build using the FED's own database. The money printer is the root cause of the growing financial frustration that is felt by the average person. All of the printed money goes straight to the asset holders. Bitcoin fixes this.
I'm becoming convinced that Bitcoin's destiny over the next 10-15 years is to just perpetually and slowly grind higher and higher. Endless boredom that leads to unimaginable wealth for those with conviction and patience while the tourists and traders go broke trying to time it.
180 fiat currencies, controlled by humans, with a 100% track record of debasement over time. One currency, with a monetary policy that is fixed forever, immune to debasement, completely outside the control of those 180 governments. This is not a hard decision. Choose Bitcoin.
I've been in Bitcoin for ~5 years now. I'm not a trader. I buy, I hold, I wait. It has worked well for me. If I WAS a trader, I'd prolly copy trade @BigCheds, since I have seen him be very right many times. However, I think he is about to be very wrong on his call for a BTC crash
If you feel like many of the biggest, most confident voices in Bitcoin seem to come from a different universe…you’re not imagining it.
A large share of the people who shaped this space early were stacking or mining Bitcoin between 2011–2016, when prices ranged from single digits to a few hundred dollars.
In that era:
• Buying 10-50 BTC was realistic for middle-class earners
• Mining from garages and dorm rooms was viable
• A few thousand dollars could (and did) turn into tens of millions
Someone who accumulated 50 BTC at $100 had a $5,000 cost basis. At today’s prices, that’s multi-million-dollar wealth. Some early miners and builders didn’t stop at dozens…they accumulated hundreds or more. Many of the most visible voices today are, understandably, speaking from that position of extreme asymmetry.
That matters for expectations and market sentiment.
If you arrived in 2017 or later like I did, Bitcoin didn’t offer the same math. The market was already larger. Price discovery gave way to adoption. The upside didn’t disappear - it just stretched out in time.
If you came into Bitcoin in the last ~5 years (and you weren’t already wealthy & have the kind of funds to quickly “catch up” by buying in size) then the experience can feel even more lopsided. You’re watching people talk from a position of owning hundreds of bitcoins… while you’re trying to build your stack one disciplined purchase at a time.
The bear markets and downturns can be more difficult to stomach.
But that doesn’t mean you “missed it.”
It just means you’re in a different cohort (and you’re not alone). Most people don’t own ANY bitcoin at all.
Here’s what didn’t change…and this is where the opportunity still lives:
***Bitcoin is still in the early innings of becoming a global monetary asset.***
Today it’s roughly a $2 trillion network competing with:
• $30 trillion in gold
• sovereign bonds as stores of value
• monetary systems that lose purchasing power by design
This is not a short-term trade. This is a multi-decade repricing.
For this cohort, Bitcoin isn’t about waking up rich one cycle.
It’s about:
• making saving work again over a long horizon
• protecting purchasing power in a world of nothing-stops-this-train permanent deficits
• preserving optionality as currencies are debased and systems shift
• owning private property that can’t be confiscated
Early Bitcoiners were rewarded primarily by price discovery.
Later Bitcoiners are rewarded by duration, conviction, and discipline.
Less euphoria, yes.
But more permanence.
Different cohort. Same asset.
And still very early where it actually matters.
@GuyTalksFinance Your about-face is very common in the Bitcoin world. Almost everyone starts out as a doubter, myself included. But once you see it for what it is, there is no going back. Welcome to Team Orange. Glad to have you onboard.
@GuyTalksFinance Every day is a good day to buy Bitcoin, because every day there is more government monopoly money created out of thin air all around the globe.
@GuyTalksFinance Cold Storage > @Strike > @River > @Fidelity > @coinbase
You are headed in the right direction on the food chain, at least. Next step is a Bitcoin Only company like Strike or River (Both great, but I give the slight edge to Strike), then Cold Storage.
In a sane world, a mortgage would be a liability rather than an asset. But in a funny money clown world that prints 8% of the money supply out of thin air each year, any sub 8% mortgage becomes an asset of sorts. Fix the money.
One thing that really sold me on Bitcoin is that literally everyone who owns it will win. Even the last soul on earth who finally relents & adopts Bitcoin will see their purchasing power be not only protected, but grown over time as technological advances reduce production costs
Why anyone is willing to work their ass off in an endless cubicle hell hole for 40+ hours a week in exchange for literal paper is beyond me. Do yourself a favor and auto convert your paycheck into Bitcoin. Make sure you are working for something that is worth it.
Yes, you are later to Bitcoin than you wish you were. Me too. Get over it. Don't compound the problem by continuing to ignore it while it marches on its perpetual path higher. Being later than you want does not mean you are late. Patience, however, is required.