Quote:
Originally Posted by LaSexorcisto
OK. I purchased 1 BTC on October 15th, 2021 for $60,883.80. (BEFORE this year)
Today, my coin is worth $16,680.70. "I AM UP BIG TIME!!"
Thank god I didn't put that $60,883.80 into a bank, you know with this year's inflation and all. I MUCH rather have $16,680.70 then a measly $60,883.80.
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Sure. Now zoom out on your timeline and apply basic investing strategies such as DCA and suddenly you’ve made waaaaay more money.
If you’re dumb enough to go all-in into an investment while its at an all-time high with no scaling-in, stop losses or exit strategy and expect the value to magically go up forever without any corrections; then the problem isn’t Bitcoin, it’s you.