reply on: Bitcoin "Gold 2.0" My Ass. \ stacker news ~bitcoin

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0 sats \ 23 replies \ @Fabs OP 3 Apr \ parent \ on: Bitcoin "Gold 2.0" My Ass. bitcoin

I will.

It will be hard to come back from this reply or #933279

Come back from what? I'm not selling everything, but a decent chunk and move on, as I fully expect the world to degenerate into a circus in the coming years - I'll cash out enough to hopefully ride it out, and see what's left after that.

Ain't no way I'm going through that shit-show as well.

0 sats \ 9 replies \ @Fabs OP 3 Apr

And honestly? I'm simply disappointed in Bitcoin, or maybe not Bitcoin per se, but I've been shouting for years that BTC = Gold 2.0 but better yada yada, and now that it's time to prove itself, it's shitting itself.

I'm tired of "Oh but the people don't get it" well how's that gonna help? If they don't get it after 15+ years of constantly new ATH's and the recent adoption / credibility boost from big institutions et cetera, then they'll most likely never get it - what good is Gold 2.0 of it doesn't frickin' deliver?

0 sats \ 8 replies \ @ek 3 Apr

If they don't get it after 15+ years [...] then they'll most likely never get it

do you know when the internet started? and how long it took for the internet to catch on? or other technologies like cars or planes?

0 sats \ 7 replies \ @Fabs OP 3 Apr

You think it's delivering as praised by us?

0 sats \ 5 replies \ @ek 3 Apr

don't ignore my questions, else I'll also ignore yours

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0 sats \ 0 replies \ @Fabs OP 3 Apr

Also, I think that those comparisons are lacking.

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0 sats \ 10 replies \ @clr 4 Apr

HFSP.

Bitcoin is not going away.

0 sats \ 9 replies \ @Fabs OP 4 Apr

Says Mr. 0.002 BTC.

0 sats \ 8 replies \ @clr 4 Apr

Have Fun Staying Rich, if you are going to use your bitcoin for something meaningful, whatever that is.

If you are going to exchange it for euros, then HFSP. You have been warned.

0 sats \ 7 replies \ @Fabs OP 4 Apr

Ever thought of buying back at a lower price? Because I don't see where the money for a rebound would be coming from.

0 sats \ 6 replies \ @clr 4 Apr

Of course I've thought about that. It's like selling your place in the lifeboat to try to buy it later at a "lower" price. Or like collecting cents in front of a steamroller.

I know someone who mortgaged their house to buy bitcoin, panicked and sold everything during the covid crash, had to pay capital gains tax and then bought again at more than 2x the price. Hope it serves as a cautionary tale.

I also know several people who had been "trading" and admitted that had they just held, they would have come out the same or better and with much less stress. Time in the market is more important than timing the market.

0 sats \ 5 replies \ @Fabs OP 4 Apr

Bitcoin hasn't been acting as said "lifeboat", or has it? It's a risk-on asset and multiples more volatile than other things, and since even traditional markets are being hit, I don't think that a break out to the downside is far away.

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