Buying back BTC at $50K...

mindtrap in LeoFinance • 2 months ago

This is the most accurate BTC all time price chart I could find on the Internet. The thing is that the more I look at it, the more I keep asking myself: "Wtf were you doing in 2010/11/12/13/14/15 and so on dude? Was that a once in a lifetime opportunity that is now gone forever? What are the chances that some of the alt coins you're invested in will perform like BTC did during this past decade?" 20210101 21_40_08Alltime Bitcoin price chart.png

It's been almost 2.5 weeks since the last post I made and at some point I mentioned that:

At some point BTC will cross the $20K mark and it will keep going up for some time.

18 days later and it's looking ready to smash the $30K mark...

It's crazy isn't it? Even if one decided to buy BTC at $20K 3 weeks ago which was the previous ATH, they would have 50% profits just for holding it...in just 3 weeks.

But you know how the story goes...

2011 : BTC at $1 "Lol, it climbed from a tenth on a cent to a dollar dude...can't go any higher"

2013 : BTC at $10 "It's insane...sell asap and get some free money"

2015 : BTC at $200 "I am telling ya, if you don't sell everything you hold right now yoy are probably the stupidest person on Earth."

2017: BTC at $20K " Don't say I didn't warn ya...this will blow on our faces...and it will be bad."

2021: BTC at almost $30K and the 4 year cycle hasn't even completed yet...

2025:

download 1.png

I often wonder if there are people who bought back in 2010 - 11 - 12 and still hold it tight. It's perfectly normal to sell when at some point your initial investment has gone 100x...500x...1000x...I definitely would have...probably the reason why I am not a millionaire too...

I have a feeling that it's never too late to jump in the BTC train...regardless its price...

A few years down the line and people will buy back at $50K...at $100K...

Those who hold 1 BTC are definitely going to be millionaires in the not so distant future.

1 out of the 21 million proud owners. That translates into 0.002% of the world's population.

Still think you won't be part of the elite? Give it a few more years...

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#leofinance #palnet #ctp #neoxian #thoughts #hive #blog

2 months ago in LeoFinance by mindtrap

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felander 2 months ago

The difference is that back then the only way to realise profits was to sell.

This is not the case now.
The lending allows to take out fiat against BTC or you can just lend it out for 6%

1 BTC at
100k at 6% = 6000 per year, 500 per month
1mil at 6% = 60k per year, 5000 per month

So unless something really weird happens like quantum computers and such I am not selling but I am taking interest

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acesontop 2 months ago

I doubt more than 1% from the ones buying BTC in the first years are still owning some. I guess I would have probably do the same... It's psychology. It seems however that no matter when you're buying, in about four years you're already on profit.

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onealfa.leo 2 months ago

You doubt?

Then you better check out how many addresses holding hundreds, thousands and even hundreds of thousands of BTC are laying untouched for 5, 7 or 9+ years

Be surprised.

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acesontop 2 months ago

Some lost wallets?

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taskmaster4450le 2 months ago

Maybe a few but a lot of long term holders who are resilient in their dedication.

The Winklevoss Twins are likely sitting on most of the stake since the early days.

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mindtrap-leo 2 months ago

Rumor has it that Gary Vee is holding 50.000

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rezoanulv.leo 2 months ago

Gary Vee himself said he bought Bitcoin in 2014. How much so far? No idea!

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acesontop 2 months ago

I was thinking of them when writing the comment but wasn't sure of how old they are in this space.

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cflclosers 2 months ago

I mined some in 2013. Gave it as gifts. I only hold .2btc now lol. But I don't agonize over it because I don't believe I would have held. I think once it hit $500 I would have sold it. $1000 max. None of my crypto buddies from back then have their original btc. Most were trying to encourage people to use it as a currency. Im sure they all have "new" btc.

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mindtrap-leo 2 months ago

I doubt it too but you never know. We migh see some wallets pop up loaded with forgotten BTCs from back in the day.

It seems however that no matter when you're buying, in about four years you're already on profit.

The positives of fixed total supply among others...

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taskmaster4450le 2 months ago

It is likely the early miners who are still hodling. They had very little into it, especially when you could mine on a regular PC.

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acesontop 2 months ago

Are we like these early miners on hive? Question we should ask ourselves once in a while.

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taskmaster4450le 2 months ago

I am not sure if we are like the early miners (circa 2011) but we are still early in the game. If I had to guess at a comparison, in the way you framed it, probably 2014 time period.

Still early days of mining but not the easy coinage of the original days. On Hive, we do not see the 1000 HIVE payouts like in the past.

What is interesting is you could make the statement you just did about some of the other projects on Hive. They certainly are in their very early days.

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daveks 2 months ago (edited)

The question now is, what is the new BTC like opportunity now? Could it be Theta or Cardano? Or maybe just plain old silver?

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mindtrap-leo 2 months ago

Who knows...Wouldn't it be awesome if that was HIVE? Just saying...

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daveks 2 months ago

Would love to see that, but have my doubts. Things move at a snail's pace around here.

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taskmaster4450le 2 months ago

LEO is a good bet too.

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daveks 2 months ago

Part of me feels like dumping Hive for Leo.

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taskmaster4450le 2 months ago

That is a smart move, unless Hive moons.

I think many are underestimating what Hive will do this year. However, Leo is certainly on fire.

I am just glad I own both.

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cflclosers 2 months ago

I did. Feels like I had a chunk of hive and turned it into a sliver of Leo at these prices but I have fun on Leofinance. Hive seems too dead for me.

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chireerocks 2 months ago

@mindtrap, We never know what will happen, so let's hope that one of the Altcoin will compete with Bitcoin in future. Good wishes from my side and stay blessed.

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mindtrap-leo 2 months ago

Fingers crossed bud

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chireerocks 2 months ago

👍👍

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onealfa.leo 2 months ago

I often wonder if there are people who bought back in 2010 - 11 - 12 and still hold it tight.

Nice joke. I like it

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mindtrap-leo 2 months ago

lol...no?

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empoderat 2 months ago

ofc yes

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filotasriza3 2 months ago

i'll need to find some money and buy a btc or at least a fraction of it :P

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mindtrap-leo 2 months ago

hehe, I guess you fall in the same group of people who keep asking themselves "what were doing back in 2010 - 18 eh?

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filotasriza3 2 months ago

i am even worse, i remember when i was in high school that i have discovered btc and was around 20$ at that time i think. I mentioned it to my father in order to invest but he said no out of fear for the unknown :P

Having no clue either i didn't invest in it... fuck my life :P

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wiseagent 2 months ago

Making any kind of prediction about the value of Bitcoin is more unpredictable than ever. Fortunately, they are all being positive (so far).

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iliyan90 2 months ago

Right on ;)

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bagofincome 2 months ago

True! I don't know where I was before...

One of my goals is to have 1 BTC! It would really feel like being the elite. Working on my way to get there.

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mindtrap-leo 2 months ago

Well...that makes us two...

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bagofincome 2 months ago

We can do it!

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adikhen 2 months ago

BTC shocked us at new year.

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nickyhavey 2 months ago

I was laughing and crying at the same time in a weird blender of emotions reading this. That first bit with the chart... Hindsight is a funny thing hey!

I've drafted a sort of ranking table for Bitcoin for a laugh that I should have posted tomorrow, thing is, if BTC price in fiat changes, you will still have that same amount of BTC regardless... That's what I kept telling myself anyway when I saw the fiat value of the BTC I bought back in Dec 2017-jan 2018 as the value just evaporated in front of my eyes. Sleep tablets were in high demand 😂

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alphaccino.art 2 months ago

Wtf were you doing in 2010/11/12/13/14/15 and so on dude

My thoughts exactly, I think Bitcoin was about $27-29 when I first noticed it... it's like the fish that got away ;)

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taskmaster4450le 2 months ago

Without a doubt there is a great run left in Bitcoin. I never debate the numbers tossed out there. Could it $100K? Sure. $500K? Why not. $1M? What the heck, go for it.

It will be life changing money for many. This is why it only makes sense to have a bit of Bitcoin.

No matter what one's exposure, it will produce a nice return over time.

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mindtrap-leo 2 months ago

Can't even imagine what the price will look like after let's say...2 more halving events...

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taskmaster4450le 2 months ago

I think you are then in the 7 figure realm.

What is that, about 8 years?

Yeah with all that is taking place, 7 figures is likely by then.

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mindtrap-leo 2 months ago

Ya 8 years from now give or take...7 figure realm eh? Imagine how difficult it will be for one to buy even 0.1 BTC at that time...

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taskmaster4450le 2 months ago

Yeah with the liquidity trap Bitcoin is already finding itself in, we are going to see things get nuts.

With a few companies buying up more BTC than is mined in a week, the situation is only going to get worse (from that perspective).

What is ironic is we still dont have the big institutions in it yet. What we are seeing is relatively small in comparison.

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koenau 2 months ago

Hi, it's the same thing for all of us ;-( Why we are all to stupid...

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