If we want a new ATH at current exchange rate 1=1.18$
I cut out the rest of what you said to highlight your glaring mistake.
Nested mistakes
You will either learn...
...or lose.
(you are valuing
what is valuable against an equation of what_is_not_valuable/What_is_less_valuable)
I have unrealised loss of 14% in Euro Vs. BTC
The $ has become clown money and any stable coin has a red nose too
I don't know what is wrong with you cAPSLOCK. Of cause 1BTC is 1BTC.
And my old cold storage is what it is. But when I bring hard earned salary to the table, too - I will bitch if I see red for half a year and longer!
Aren't we in bitcoin to mostly put some distance between ourselves and whatever shenanigans are happening with various fiats currencies and the various baloney factors that might affect why they might fluctuate from time to time in regards to how one of them trades relative to another one.
In some sense, you might be especially happy if you have short-term abilities to pick up more cornz with Euros, even though sure, it also may be the case that many of us have gotten through our BTC accumulation stages already.. so why give any shits, if your forum date (in mid-2011) might reflect when you first started learning about bitcoin and presumptively accumulating bitcoin since then... and arguably you could have, should have and would have had been able to get enough.. if not more than enough.. so then yeah, those of us who have enough or more than enough are in a position to just wait it out, to the extent that we are not shaving off some cornz here and there from time to time, and we also likely have come to realize that the cornz does not always go straight up.. there are plenty of frustrations along the way, even if the trajectory has been ongonigly up.. especially since mid-2011... yet we don't even have to go back that far in order to appreciate the same dynamic.. even two cycles puts us right around mid 2017.. so even some guys who might not have had gotten their shit together between 2011 and 2017, they may well have had started to get their shit together by 2017.. yet sure I can still imagine scenarios that even 2 cycles of fairly aggressive investing into bitcoin might not have had gotten enough bitcoin yet.
So even a guy who had started to invest
$200 per week in 2017 would have had invested right around $84k during that time, but still would ONLY have right around 8.21 BTC.. which still might not be enough bitcoin, since
currently 8.21 BTC would have a 200-WMA average value of $406k and a spot price value of about $890k, and if we go by the 200-WMA value, currently, 8.21 BTC should be able to sustainably generate a $40.6k per year income, so it surely is not a bad place to be given the amount invested... yet there may be a desire to either continue accumulating or maybe wait an additional 2-4 years before starting to draw upon the BTC that had already been stacked up in such account.
[edited out]
I don't think I'm bearish at all, I'm just trying to see the bigger picture based on what's happening when it comes to Bitcoin. I've been with BTC for 10+ years and have invested a lot of time and money in it, I only sell as much as I need at any given time, but let's say I have enough BTC to retire today, although I prefer BTC far more than anything else and I don't think I'll ever sell all or most of it.
What I wrote is perhaps my reaction to what I mostly read on the forum, which is that most people believe that companies like BlackRock or Fidelity or maybe Strategy are some kind of leaders of the crypto revolution (I know you don't like that word), and that without them Bitcoin wouldn't be where it is now.
Hopefully none of us longer term bitcoiners are gullible enough to buy into those kinds of baloney talking points... even though we might recognize that that some of the status quo rich are trying to get our coins.. and sure it is nice for a lot of us to have had front-run them, and sure some of the longer term holders might sell some of their coins in the $80k to $120k price range, but seems quite short-sighted to be doing that, absent just the necessary shaving off for whatever expenses we might have, yet I am also a pretty decent fan of making sure that we are in overaccumualtion status and we are not selling so many coins as to take ourselves out of such overaccumulation status, so then we may well not have anything to worry about if we shave off a fraction of our holdings from time to time.
Oh yeah, and 10 years is a good amount of time to have had been in bitcoin, including that I see you are coming on your 10 year forum anniversary date. so time does fly... even though it can seem like a long time too.
It's actually paradoxical to me that the system that resulted in us having BTC today is the main driving force behind it (at least that's what various experts claim). Yes, of course there will always be people who will practice storage in non-custodial wallets and strive for privacy, but even today this is a minority that is always under scrutiny.
As it says in my profile (currently), dum spiro, spero - and they say hope dies last.
There will likely always be a certain quantity of custodial services, and sure there may also be ongoing attacks on self-custody too.. .. so we are going to have to see how these matters play out through the years... and yeah, we can continue to attempt to hope for better possible outcomes, whether on personal levels or for system wide.
