While reading the history of Bitcoin, I came across a report that created a chart of crypto currencies, trying to highlight historical events. This chart of crypto currencies only includes Bitcoin and Ethereum. The question arises in my mind, was Ethereum ever in a position similar to Bitcoin or better? I saw some answers to this question in the report, but I am not sure whether the report is accurate or not.
Your providing the dumb chart might not be helpful... and you are saying: "look at this dumb chart" what does it mean?
Sure there has been quite a bit of marketing to juxtapose ethereum with bitcoin and to obfuscate the sound money attributions of bitcoin - and when such ongoing juxtapositioning takes place, we have an affinity scam , and surely there have been quite a few folks either buying into such ideas of investing into the top "cryptos".. or invest in the top two.. blah blah blah.
In the last couple of years, the market seems to have been figuring out some aspects of the wast of time of ethereum, yet surely there are a lot of folks still considering ethereum to be a "bargain," so the affinity scam surely can continue, just like in recent times we have other shitcoins (shitcoin of the day) pumping such as doggie coin and XRP in recent times... so rotate through the various shitcoins that seem to create similar talking points that play into fears about how folks are too late to bitcoin, but this shitcoin or that shitcoin is going to be able to pump more in order to make up for the time of supposedly being too late to bitcoin... which likely results in recking of many folks who are not insiders regarding those coins...
and yeah, folks spend a lot of time striving to become an insider to one or another shitcoin so that they can get rich quicker than what it might take to merely invest in bitcoin and to ONLY get a 5x-6x returns over the past 2 years (talking from the November 2022 BTC price bottom) or even if we might say that
more than 4x returns would have had been more than achievable for someone DCA investing into bitcoin over the past 5 years...yet for some reason 4x over 5 years is not enough. Surely the longer our BTC timeline then the more likely that our returns would have had been larger, even with a regular DCA approach to our BTC.
Even over a
9 year investment timeline, the profits would have had been right around 33x, and so that should be enough profits, no?
Saylor strikes again!
There's gonna be no coins left for the rest of us soon
Maybe there are three classes of front runners as compare with those who have not yet started investing into BTC?
1st:
Prior to 2021: One of the grateful things for those of us who had done most of our BTC accumulation prior to 2021 is that we largely front-ran both Saylor/MSTR and also the crazy-ass money coming into bitcoin through folks who are getting their BTC through the ETFs. Many of those ETF folks (or even the ones buying into MSTR) were not even thinking about BTC (or BTC derivatives) as one of their investment holdings. So yeah, there are some of us who front-ran both of those kinds of buyers who are now coming crazily into bitcoin.
2nd:
Prior to 2024: Even folks who have been still accumulating a lot of BTC in recent times, the second class of front runners are those who got in prior to the ETF going active (even though in late 2023, there was already a lot of BTC price pumping in anticipation of the BTC spot ETFs getting approved in the USA.
3rd:
Those who have just started within the past several months: The folks who are already actively investing in BTC and who might realize that they need to be as aggressively as they are able to be. Sure they might not be able to really consider themselves to have a sizable and significant BTC stash until they have been stacking BTC for at least a whole cycle, yet if they have the vision to stack BTC for at least a whole cycle no matter the BTC price, they are likely ahead
4th:
Those who have not started stacking BTC: There are folks who heard about bitcoin, but they are not doing anything to get started in their stacking. Surely it is going to cost these folks more later, and they are more likely to be the senders of wealth rather than the receivers of wealth in the greatest wealth transfer in history, unless they move to category 3, above.
By the way Heslo, unless you really screwed up, I imagine that you figured out this bitcoin thingie-ma-jiggie prior to 2021, so you did most of your BTC accumulation prior to 2021.. Sure I could be wrong, but still. Even though there are a lot of entities, institutions, governments and rich individuals now only coming to bitcoin and sucking up the BTC supply aggressively, as long as many of us already HODLers are holding (and making sure that we are safeguarding a majority of our coins), we should be more than fine, and sure there are likely some of us still accumulating BTC, but we can see that the earlier that we got into BTC the better in terms of having advantages to having had accumulated much if not most of our BTC prior to some of the folks, entities and governments who are newer to bitcoin..and some surely just coming to bitcoin in the past year or so (and even Saylor is just ramping up his accumulation strategies in recent times).
