Bitcoin failed to deliver.

[Baron]

i have a rule, dont lose money ?

It's hard to lose money when you don't make any trades.

 

[JackMorgan]

It's hard to lose money when you don't make any trades.

I guess you dont read you own board.

 

[johnarb]

this is the logic of a 5 year old .

It shows how stupid you are, imma be 13 in a few months

 

[JackMorgan]

It shows how stupid you are, imma be 13 in a few months

Bar Mitzvah ?

 

[MrMuppet]

just let us know how your port has done in the last 6 months

i have a rule, dont lose money. do you have a rule ?

You stuck to that rule pretty well, since you don't even trade or have any position. I wonder how you like losing 10% each year from inflation...oups XD

 

[Baron]

I guess you dont read you own board.

I'm referring to crypto trades.

 

[ElCubano]

There's a reason I did not quote you because it's not that I do not believe you. I made a general post but with reference to your new thread

The answer to your questions is Yes on both on a 3, 5 and 10 year timeline

Zoom out and you will see

There has not been a 3 year period that Bitcoin was lower in price, which means in the next 2.5 years, 1 BTC will be higher than $70K

At what price point would you say Bitcoin is never coming back?

 

[KCalhoun]

Originally back when btc was 40k I thought I'd be interested in it here at 25. But inflation etc is so bad I'm confident folks will keep selling btc and stocks.

 

[johnarb]

At what price point would you say Bitcoin is never coming back?

If BTC goes to $500 or lower

 

[MrMuppet]

It was supposed to be a hedge against inflation and an uncorrelated asset class.

I was considering an investment near the highs, but considered the technicals weak at the highs and decided to bide my time in anticipation of a pullback. After this major sell-off I lost interest.

I suppose it could be a good buying opportunity down here, but so can any other coin, memestock or what have you.

BTC never was supposed to be an inflation hedge, that's only a narrative that evangelists, maxies and fanatics used to spread but if you ever dove deeper into it, you realized that has never been true. Just like gold isn't an inflation hedge or stocks or bonds, crypto isn't hedging anything.

BTC is a permissionless, censorship - free and trustless way to transfer money. That's its usecase and BTC delivers marvelously since it's inception, no matter which price it is trading at.

You could say it failed once the network failed and it's not possible anymore to do a money transfer, but as long as mining is profitable (which it is) and the network is active, everything's fine