BTC - who still laughs about it?!

[johnarb]

I have been laughing very hard about BTC (and crypto digital assets) but they are very happy laughs.

The bitcoin bear market years of 2018-2019 were difficult but found ways to pass the time.

This has been a great Christmas season for us, financially, but at the same time, it has been a very difficult struggle and I'm sure most if not all can relate

Happy New Year 2021!

 

[Money Trust]

Forgive me for the BTC newb question, but....has anyone actually cashed out and received money for selling their BTC at a profit?

 

[Cuddles]

Forgive me for the BTC newb question, but....has anyone actually cashed out and received money for selling their BTC at a profit?

Plenty of BTC millionaires who have cashed out. I think maybe a few billionaires that haven't.

 

[johnarb]

Forgive me for the BTC newb question, but....has anyone actually cashed out and received money for selling their BTC at a profit?

Yes, I have done so in several ways, the easiest is through Coinbase and $ ACH transfer to your bank account in 1-2 business days.

Not financial advise: Imho and what I've done is to always hodl bitcoin and cryptos and only exchange $ amount that you need or want to use for a purpose.

When you exchange bitcoin for fiat, you're exchanging a deflationary asset for one that is being debased on purpose. Bitcoin is a valuable, scarce, digital asset.

 

[Specterx]

BTC will eventually suffer another major bust. All the crypto geniuses should have a look at the chart of solar stocks, Tesla, copper, or soybeans - everything is shooting higher thanks to liquidity conditions, and expectations that these will remain loose forever.

The covid crash notwithstanding, we still haven't arrived at the true end of the cycle that started in 2009. Bitcoin remains very much a marginal asset and will get crushed when things do turn; in fact, given institutional get-rich-quick FOMO and the increasing rush of random companies to speculate in BTC, it'll likely trigger the next big financial scandal.

Until that day arrives, it's a great trading vehicle.

 

[guest_trader_1]

Good, because now it sounds like a puny little mouse

To laugh at bitcoiners all we have to do is to wait for a while. When the price is hyperinflated like it is now you all shout to the wind. Then when it crashes suddenly grabbing all of those mouthful 'analysts' that predicted prices rocketing to the moon, you are all quite and hidden.
I recommend /r buttcoin on Reddit since we are looking to laugh at it. They are professional comedians on the subject.

 

[Cuddles]

To laugh at bitcoiners all we have to do is to wait for a while. When the price is hyperinflated like it is now you all shout to the wind. Then when it crashes suddenly grabbing all of those mouthful 'analysts' that predicted prices rocketing to the moon, you are all quite and hidden.
I recommend /r buttcoin on Reddit since we are looking to laugh at it. They are professional comedians on the subject.

everything ends if you wait for a while..

 

[johnarb]

To laugh at bitcoiners all we have to do is to wait for a while. When the price is hyperinflated like it is now you all shout to the wind. Then when it crashes suddenly grabbing all of those mouthful 'analysts' that predicted prices rocketing to the moon, you are all quite and hidden.
I recommend /r buttcoin on Reddit since we are looking to laugh at it. They are professional comedians on the subject.

Seriously? We have all been posting so many news and threads for the past 3 years, even when we were getting ridiculed during the bear market.

What's the fascination with /r buttcoin? That's a very toxic place for people who missed out on bitcoin and cryptos for many many years

You and Specterx should have a get together and drink your bitterness away. You're both wishing for others to lose value in their investments of choice just because you missed out

 

[guest_trader_1]

Seriously? We have all been posting so many news and threads for the past 3 years, even when we were getting ridiculed during the bear market.

What's the fascination with /r buttcoin? That's a very toxic place for people who missed out on bitcoin and cryptos for many many years

You and Specterx should have a get together and drink your bitterness away. You're both wishing for others to lose value in their investments of choice just because you missed out

I am not wishing anyone to lose anything in their investments. Don't assume things , that's the best way to be wrong.
The original question was 'how is laughing about btc now?' . I am just pointing out the way I could laugh and who are laughing right now.
The rest is just out of your weird defense mechanism against anyone who attacks your beloved coin. Being part of a religion/cult comes with people laughing at you.
It is part of the game.

 

[johnarb]

I am not wishing anyone to lose anything in their investments. Don't assume things , that's the best way to be wrong.
The original question was 'how is laughing about btc now?' . I am just pointing out the way I could laugh and who are laughing right now.
The rest is just out of your weird defense mechanism against anyone who attacks your beloved coin. Being part of a religion/cult comes with people laughing at you.
It is part of the game.

Whatever you say.