100 is back in the menu
The perfect number, that number will never fade and will soon be heading there as soon as possible.
I do think that there is a certain amount of truth that OGs and various others are selling at or around $100k, yet at the same time, I think that it is a convenient narrative to cover up the various ongoing ways that paper bitcoin are downwardly impacting the bitcoin price.
Furthermore some of the stories of OGs selling 1,000s of coins make no sense, even though in the aggregate I can see how it might add up.. so 100 coins here and there end up adding up, yet I doubt that they stories of 1,000s of coins being sold make much if any sense, especially if the person really is OG.. which maybe I would suggest that the person woudl have had likely had to have gotten in before 2013 to meaningfully accumulate 4 digits or more coins and also be able to hang onto such coins.
Sure there were periods in 2013 in which the bitcoin price was below $100 for several weeks, so that ould be merely a $100k investment to get 1,000 or more coins.. and yeah, in 2015 the BTC price spent quite a bit of time between about $220 and $250, so in that case that would have had been $220k to $250k to accumulate 1,000 coins or more.. I have difficulties imagining too many normies to put together those quantities of money and dedicating that to bitcoin investment, which causes me to propose that OGs investing in early 2013 (when prices were $5-$30) or before that, would have had more easily and more practically been able to put together maybe less than $40k and invested in bitcoin an fairly "easily" accumulated 1,000 plus bitcoin.. and yeah, it is a bit random that I am suggesting $40k or less as an investment amount that normies could fairly easily generate in the event that they had insight into bitcoin in early 2013 and before that.
I surely don't consider post 2017 entrants (and even prior to 2021) into bitcoin as "OGs" yet.. even though surely we had prices between $3.2k and $8k for decently extended periods of time during that 2018 to late 2020 period, so even the post 2017 entrants could have had fairly easily accumulated in the ballpark of 13 BTC to 35 BTC with a budget of around $100k-ish... and sure my speculating involves larger and large budget sizes, even though the greater levels of dollar debasement really did not start to kick in until March of 2020 or perhaps slightly later.. and yeah, these days, we likely need more than $200k to equal the mid-to-late 2020 $100k.
I was an active member of this forum back in 2013, unfortunately, my original account was compromised and banned years ago. I never really saw the need to create a new account, as Ive always been more of an observer than a writer. That being said, Ive been visiting this thread almost every week for years. Its been, for the most part, my sole source of Bitcoin newsand, most importantly, hopium!
With $100k so close, I just wanted to take a moment to thank everyone on this thread for your unwavering optimism and dedication over the years. Its been incredibly inspiring to see how many of you have stayed committed through the highs and lows, continuing to believe in Bitcoins vision and potential. Without this thread and the positivity here, I probably wouldnt still hold the corn I do now.
Thank you all for keeping the fire alive. Heres to many more milestones for Bitcoin!
PS Bring on 150k!!!
Pray tell more.
What have you been doing between 2013 and now? Did you buy and sell (such as trading) within BTC? or were you mostly accumulate BTC during that time? Did you get sucked into any shitcoins? There have been a lot of shitcoins and a lot of ways to get distracted, even for folks who might have had originally come to bitcoin with an intent on staying focused on bitcoin, distractions have happened to a good number of normie bitcoiners. Did you make any mistakes along the way, such as selling too many coins too early and then realizing that you had made a mistake?
There are quite a few guys who have even been around for a while who (from my point of view) have been overly consuming from their BTC, so their bitcoin never really gets too many chances to compound in value upon itself, yet from my perspective there are needs to try to make sure to have other sources of income so that there is no need to tap into the bitcoin until perhaps the stack size gets to an overaccumulation level.. and surely normal rational folks can differ in regards to the meaning of what is getting to overaccumulation status that would then trigger permissions (of course permission given from oneself) to be able to engage in forms of sustainable withdrawal, whether those sustainable withdrawal practices (price based and/or time based) would be supplementing existing income or perhaps serving as sole sources of income.
[edited out]
Ai Generated.
Do you think so?
I hate to be posting back and forth with an AI.. yet it wouldn't be the first time, I suppose..
