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The dollar has been under pressure since tricky dick nixon
it is part of the plan of man.
Even though the dollar has been being increasingly debased since 1971, it was not likely noticeable, and sure there were likely some folks who realized what was happening, and others who did not.
You hardly shouldn't be sitting back all smug about the whole debasement matter, since you seem to have had been engaging in behaviors in which you were investing in dollars (and getting their shitty Treasury bill yield), including in late 2022, when you should have been putting and keeping that money in bitcoin.
The debasement trade is becoming more and more obvious to us bitcoiners (even though a lot of non-bitcoiners are still confused and not seeing bitcoin as part of their lifeboat package), with bitcoin likely to be the greater of winners.. and perhaps you recognize it this time..
You are probably correct.
By Centi, they likely mean folks who have more than $100 million in wealth, but less than $1billion... and for the past few years, I have been using $100 million as my threshold entry-level to filthy rich status.
The numbers are also interesting.
There is a bit of an implication that crypto (perhaps referring to bitcoin?) investing had contributed to such growth in wealth, yet at the same time, the numbers are just hard to grasp.
240k people have been made into millionaires and implicitly multi-millionaires through "crypto," yet only 450 fit into the Centi category and only 36 fit into the billionaire category.
Fairly small numbers at the top, even though the millionaire number is fairly high - but not really high if we think about global population. I suppose they have some reasonable methodology in coming to these numbers.
The subreddit is very active with crypto related discussion...Crypto Millionaires!
Those who bought at 2014 below can also be seen at centi millionaires...it was cheap then and easy to accumulate!
I doubt that we can assume anyone to be a millionaire, multi-millionaire or even centi-millionaire or billionaire based on when he got started.
There are plenty of bitcoiners who have been in for a while (even 10 years or longer) with fewer than 10 coins... Think of guys investing $10 per week or $100 per week, and even they might not have had been consistent, an they may have bought and sold. .and screwed themselves out of some of the BTC accumulation that they could have had.
Prior to 2020, I frequently would recommend guys get off zero and invest at least $10 per week, and after 2020, I started to recommend investing at least $100 per week, yet guys still have to have a budget (or sufficient discretionary income) to be able to sustain $100 per week or whatever they are able to sustain investing in bitcoin.
Sure, there are some guys who could have had lump sum invested into bitcoin in the beginning (or front loaded their bitcoin investment) and/or transfered money from other investments that they had, yet not all bitcoiners took such an approach to bitcoin, so it seems a bit presumptive that all early time bitcoiners are rich.
Even though some guys will volunteer some details about their bitcoin holdings, many guys here do not, and it is not necessary to reveal personal details, whichi s part of the reason that we frequently speak in hypotheticals when it comes to determining how many BTC some guys could have had accumulated based on what kinds of accumulation strategies that they might have had chosen to employ over the years.
The subreddit is very active with crypto related discussion...Crypto Millionaires!
Those who bought at 2014 below can also be seen at centi millionaires...it was cheap then and easy to accumulate!
But not so easy to HODL!!! (it gets easier and easier %-wise though)
K
I had quite a few coins that were not in profits between December 2013 and March 2017, even though surely I was feeling much better about my bitcoin holdings by the time 2016 came, even though there was quite a bit of drama in 2016, including the hack of Bitfinex that caused a lot of uncertainty in around August/September of 2016. But, yeah, I would frequently start to feel more comfortable when my BTC started to be in profits rather than when they were not.
Another thing is considering percentages, and how much of a guys investment portfolio is dedicated to bitcoin, as compared with other kinds of investments that he might have. Hopefully, in the "crypto" category, he is almost exclusively invested into bitcoin and not keeping much (if any?) of his wealth in shitcoins... but yeah, there are some retards who put their money into shitcoins and also tried to trade bitcoin rather than investing into it.. hopefully not too many WO guys are fucking around with shitcoins over the past 10-ish years or more.
The subreddit is very active with crypto related discussion...Crypto Millionaires!
Those who bought at 2014 below can also be seen at centi millionaires...it was cheap then and easy to accumulate!
But not so easy to HODL!!! (it gets easier and easier %-wise though)
K
Once you understand the system, holding will never be a problem.
Once you ignore the market noise, holding will never be a problem.
Once you stop counting checking the price movement of you portfolio, holding will never be a problem.
Once you hold Bitcoin as a priority, market phobia would never knock on your door.
You have ONLY been registered on the forum since January 2022 Franklyn-wood, and you only made one post prior to September 2025, so you have ONLY been actively posting on the forum in the past few weeks - unless you had been deleting your posts.
So are you speaking about investing into bitcoin (or crypto?) from experience or just based on theory?
Once you understand the system, holding will never be a problem.
T..his is all I needed to start holding, and it's what I tell people who struggle to hold because they panic. I believe holding was more difficult for early adopters than it is now.
Don't be fantasizing about the early adopters. It has always been difficult to hold bitcoin, even if today's investment thesis might seem stronger, there are still reasons for newbies to panic and/or to screw things up in relation to either your accumulation strategy or your HODL strategyWhoops!!!! I misread what you wrote.
In essence I agree with you. It has always been difficult to both accumulate bitcoin and/or to hold it.
I believe so because it is more difficult to hold bitcoin when you bought it for ten dollars, and you've never seen or heard of anything like a cryptocurrency before, it could crash back to a dollar at any time, so selling when it has gotten to a thousand dollars was very easy. Being tempted to sell because of the news and rumors was very easy. Now, there is like a 98 per cent chance Bitcoin will rise again when it dips. Now, it's easier to learn about Bitcoin because there are articles and documentaries that are easily accessible to those who want to learn.
Currently, the upside does not seem as great, but the downside does not seem as great either. There are still challenges that guys have to both figure out a plan and to follow whatever plan that they decide to follow. We still don't have retail rushing to bitcoin and knocking down doors in order to buy bitcoin.
In the early years, there was no evidence or price history to show that bitcoin always comes back up with time. Now, if you understand the system and look at the history, it will be easier for you to hold.
In theory that sounds right, yet I think that guys are going to continue to have challenges in their accumulation of bitcoin and their holding of it.
I frequently suggest that newbies to bitcoin keep buying for at least 4 years no matter the price, so it is likely going to continue to be a challenge for newbie normies to ongoingly buy bitcoin and to do whatever preparations that they need to make either financial and/or cashflow management to continue to buy bitcoin and to stay convicted in their practice of staying organized, regular, persistent and consistent in their ongoing accumulation of bitcoin.. and putting their conviction into ongoing practice helps to reinforce their conviction.
Currently, there is no shortage of people who believe in Bitcoin. And it is with this belief that I, all of you, started investing. And I dream of holding on to it until the future.
If people believe so much about bitcoin, then why do we ONLY have around 1% world adoption of bitcoin, then?
When Bitcoin was at 1k, many said that it would beat 10k and others disagreed with those who said it would hit 10k, and yes it would beat 100k... And a long time I heard that Bitcoin would hit 100k....
Nowadays I'm starting to hear again that Bitcoin will hit 100k, but before the odds were great, nowadays these odds are getting smaller and smaller...
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.. and I believe that this probability of bitcoin hitting 100k can reach zero
You are saying that bitcoin will never reach $100k ever again?
That is a bit bold.
Does that mean that you would be willing to give 99% odds in a bet?
Well perhaps I am biased of prior times where there was more talk, more activity everywhere. Of course the thing during corona would be hard to repeat as most people were indoors and glued to their screens. Still when I look at X or other platforms today, even here, there is not that much activity going on. So boring market.
True, a town is boring when you don't know where the party is happening. Ask around for the venue, you may be looking at the wrong direction.
Yep. We had a new ATH a mere 3 days ago, yet this is supposedly boring.
Doesn't make sense to me.
Aren't we all strangers around here in the alias intertoobz woods?
I mean for all I know, you could be some weird, AI bot attached to a word count algorithm, trapped for eternity, typing endless bitcoin screeds
in this here famous thread ... perhaps perhaps?
Sure it could be. It could be.
At the same time, I can appreciate that having some other hobbies tends to be a good thing, too.. so I cannot necessarily blame you in regards to your potentially scattering out your visits in these here parts and in other words, gravitating towards being a stranger, from time to time.
