r/Bitcoin

Reality Check

No one knows if bitcoin will be $40k or $400k in 3 months - stop asking if you should buy!

When the all time high was $10, $9 felt expensive. When the all time high was $100, $90 felt expensive. When the all time high was $1,000, $900 felt expensive! Etc.

If you think it feels expensive it means you need to spend some more time actually learning about bitcoin, not asking reddit if you should buy. If you’re asking Bitcoin they’ll say yes. If you ask buttcoin they’ll say no.

For most people, the best path is NOT to borrow money to buy bitcoin, you should just DCA as much as you can. If you have sum money to put in as lump sum to get off zero, great. If you’re worried it’ll drop 30% before it goes to a million then do more research. If you think you don’t have enough to DCA then you may have to make sacrifices elsewhere in your life - that’s the hard truth.

If you hodl without wavering, in 4-5 years you will be comfortable and in 9-10 years you will likely be able to retire.

There is no short cut. Half the lesson is time preference. Stop dreaming and wondering and complaining about what might have been had you bought bitcoin 10-15 years ago. There’s lots of things you could have bought to be way better off today. If you DCA’d daily into Apple, Google, Netflix, Amazon… so many things you’d be way up today as well. The problem isn’t that you didn’t buy bitcoin, it’s that you didn’t buy anything smart. Hindsight is always 20/20.

And the younger generation that is upset they weren’t old enough in 2010, you probably wouldn’t have bought it either. There’s probably something right now you aren’t buying that in 15 years you’ll say shit.

It’s great that you want to save now, only time will be the payoff. The FAQ section of this subreddit is brilliant and I bet 90% of the people asking the same basic questions haven’t even checked it out.

Bitcoin is either going to a million+ or going to zero. It’s not going to chop sideways forever. And if it goes to a million it doesn’t matter if you bought at 95k or 85k. Likewise, if it goes to zero it doesn’t matter if you bought at $95k or $85k (which it won’t but just to highlight the fact that it does not matter). What matters is that you bought with discipline and held with discipline.

End rant. Don’t get me started on shipcoins lol

https://redd.it/1kdb4m0
@r_bitcoin

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114 viewsMay 2 at 21:37

Reality Check

No one knows if bitcoin will be $40k or $400k in 3 months - stop asking if you should buy!

When the all time high was $10, $9 felt expensive. When the all time high was $100, $90 felt expensive. When the all time high was $1,000, $900 felt expensive! Etc.

If you think it feels expensive it means you need to spend some more time actually learning about bitcoin, not asking reddit if you should buy. If you’re asking Bitcoin they’ll say yes. If you ask buttcoin they’ll say no.

For most people, the best path is NOT to borrow money to buy bitcoin, you should just DCA as much as you can. If you have sum money to put in as lump sum to get off zero, great. If you’re worried it’ll drop 30% before it goes to a million then do more research. If you think you don’t have enough to DCA then you may have to make sacrifices elsewhere in your life - that’s the hard truth.

If you hodl without wavering, in 4-5 years you will be comfortable and in 9-10 years you will likely be able to retire.

There is no short cut. Half the lesson is time preference. Stop dreaming and wondering and complaining about what might have been had you bought bitcoin 10-15 years ago. There’s lots of things you could have bought to be way better off today. If you DCA’d daily into Apple, Google, Netflix, Amazon… so many things you’d be way up today as well. The problem isn’t that you didn’t buy bitcoin, it’s that you didn’t buy anything smart. Hindsight is always 20/20.

And the younger generation that is upset they weren’t old enough in 2010, you probably wouldn’t have bought it either. There’s probably something right now you aren’t buying that in 15 years you’ll say shit.

It’s great that you want to save now, only time will be the payoff. The FAQ section of this subreddit is brilliant and I bet 90% of the people asking the same basic questions haven’t even checked it out.

Bitcoin is either going to a million+ or going to zero. It’s not going to chop sideways forever. And if it goes to a million it doesn’t matter if you bought at 95k or 85k. Likewise, if it goes to zero it doesn’t matter if you bought at $95k or $85k (which it won’t but just to highlight the fact that it does not matter). What matters is that you bought with discipline and held with discipline.

End rant. Don’t get me started on shipcoins lol

https://redd.it/1kdb4m0
@r_bitcoin

BY r/Bitcoin