Topic: How do you deal with the exponential appreciation of Bitcoin? (for the oldest on (Read 155 times)

It differs from person to person and I feel like it would be top of the market we are buying If I want to buy now but I felt I am buying at the rock bottom price when I was buying BTC under $20k this year, though the reality is that Bitcoin may even cross $100k and I might be a loser for thinking I will be buying at peak If I buy at $44k if BTC pumps hard now. It's the emotions which takes better control of ourselves and that's where experienced investors wins as they know what they are doing and makes the most out of it.

Buying when BTC is down and lot of fuds about it is the best time to buy BTC if you are not in for long term.

Bitcoin's rise from $10 to its current worth is like witnessing a seed develop into a tall tree. I often wonder if Bitcoin's initial cheap price makes current pricing look exorbitant? Possibly, but consider this angle. Its ongoing story makes Bitcoin beautiful. We invested in potential at $10; today we're investing in value and acceptability. It's not just about the price; it's about a digital asset that's changing money and investing. Your experience of constantly buying at the top is common. Let's reverse this idea. Every historical "high" was initially pricey but became a bargain, often. This goes beyond buying power - it's about joining the digital revolution. Bitcoin has constantly risen despite its highs and lows. Is it costly? Might be short-term. Each investment contributes to a future where digital currency is crucial. We're buying a future, not just pennies!

I think I see what you mean, but at the same time no one ever feels that way, at least with those who have been in the industry for quite some time now. And I'd tell you a little about why.

First off, we got this thing I like to call perceived value of items, and this depends on your social standing. Someone with a pretty low net worth would worry about spending over 10 dollars on an asset that they wouldn't be able to touch for the years to come, which is also why not a lot of average joes around here are able to invest in bitcoin. For people who have raked millions of dollars thanks to bitcoin, this is not going to be an issue for them. They made just enough to just fork out what to them feels like just 10 bucks to bitcoin, and they know that this money's bound to grow anyway, so in their heads they know that this is no expense.

Those that have been buying at the top, it could have happened to you, me and everyone on this forum and even on the outside of this forum. It's a typical thing that usually happens for the Bitcoin buyers and we can't do anything about it. What we have to do is to just appreciate the gains that we have and forget about that mistake while learning from it. We're not always going to buy at the peak of the price because it's not going to do you any good unless you're fine to wait for another cycle that could be long like 4 years or more which is the typical duration of the next cycle for the bull run.

This is a bit clearer than your first post here. That one I didn't understand at all
So, I bought my coins cheap. Not the cheapest, but it was below $1k, which can be somewhat of an achievement at today's prices. I had no feeling of buying at the top because I bought at the bottom of a 2015 bear market.

The only thing I felt after my first cycle was confidence. When I saw that it's confirming market bottom at 3k, I felt so happy and sure that I'm never going 100% out of this investment.
I don't abuse what's given. I don't drive a Lambo, don't have a swimming pool in the garden... fine I do have one, but it's an inflatable pool for my daughter
I still live in the same house, although it's looking better after all the work I've done to it. The only thing I really unloaded some bitcoin on was a new car last cycle, but it's a normal car, not a super car and not even electric (they suck).

I know for sure that if this cycle we go to $100k, I won't sell. I will buy myself some treats to celebrate reaching another ATH, but i will still be here holding my coins in the next bear market.

I didn't have the chance to see bitcoin price at $10 not to talk more of buying it in that price but I will feel like I'm among the greatest of greatest if I have the opportunity to buy bitcoin in that price. That's like having a speciality among the rest of the people in this world, your transaction will remain in the Leger forever because then when bitcoin was traded around that price, it was p2p and there is nothing like many exchanges back then.

I don't think using 15k to buy bitcoin now is expensive because we will come to this price and say if we have know, we will have bought more bitcoin in such price and yiu know why, it's because the fiat is dying, the purchasing power has increased three times since that time bitcoin has been trading and the way global economy is projected, it will get worse if we continue in this sequence forever.

@Don Pedro Dinero, when you look at things from an objective angle, you see that most people believe that the value that Bitcoin has at some point comes from the fact that the max supply is only 21 million and nothing more than that. Who cares anymore why Satoshi came up with the idea to invent Bitcoin, and it's certainly not for the reason "buy cheap, sell high", and therefore every transaction that goes in the direction of being caused by trading goods or services shows the true value that Bitcoin have.

If we continue in this direction, in the future Bitcoin will be a toy for the rich who will trade it through ETFs, and considering that they will have millions of BTC in their possession, they will be so powerful that they can influence miners and developers, and when you have them in your pocket, then it is very easy to change one line of code and add a few million new BTC to max supply.

It's rare not to find a bitcoin user who hasn't made profits via bitcoin. The argument has to do with greed, earning too many profits. As you said, you bought at a smaller rate and sold during a time of a bit price increase. Somehow, we all have been through it, made a few bucks out of bitcoin, which we didn't labor to earn. Contrarily, all bitcoin holder has lost a few bucks in bitcoin according to the accumulated bitcoin. The regret arrives when we begin to see the bigger picture of bitcoin and the profit potentials of bitcoin, if we don't sell a single Sat. But, that doesn't matter as Lucius said; the technology is quite deeper than the shallow price trends attached to USD. Many hodlers don't sell regardless of the trend; bull or bear. A significant illustration of the power of bitcoin, as a currency, not an avenue for generating profits.

So, purchasing a product we once owned at a higher price than what it used to be, doesn't occur only in bitcoin. When cars were first invented, it was cheaper than what it is today. However, we can argue this in the form of inflation, as the old price has almost a similar buying power to today's price. Associating such ideology to bitcoin we can easily attest to the changes of bitcoin price as an increase in trust. When the price was cheaper, in a few $100 investors didn't trust bitcoin, with their money, that's why they didn't accumulate up to 20BTC. While those who did, sold it, because of personal real-life situations. Which is normal, and not a problem. Remember 20 BTC then should be around $2000, still a significant amount of money 10 years ago. In my country, 2000$ then was about $600 in value via purchasing power. I'd comfortably say that $600 10 years ago is worth $2000 today. Due to a change in dollar value. Since the dollar is highly inflated the price of bitcoin to dollar per BTC will continue increasing.

It doesn't remove the fact that 1BTC = 1BTC. The difference in inflation contrarily to bitcoin is that the value of the dollar decreases. The person who holds $600 10 years ago till date won't get any reward for hodling such an amount in fiat. But, $600 worth of bitcoin 10 years back is about 6 btc at a rate of $100 per coin, if I'm not mistaken. But the person is certainly rewarded with close to 200k USD. Hence, the price is huge enough to beat the inflation, giving back the investor a profit worth more than he invested. These statistics and calculations in price increase leave an average bitcoin investor or scholar to think they've missed on a golden opportunity. But, bitcoin opportunity doesn't come once, it's here looking at everyone interested in investing. It's still very cheap according to Lucius's response. The same year the price dropped below 20k dollars and now the reward is doubled and still increasing. In simple terms, bitcoin is a money that provides a huge interest but is highly volatile. It's better to save money in a bitcoin wallet than in banks. So, the profits associated with bitcoin, aren't the reason why users shouldn't trade their coins for fiat to settle bills. Sometimes we can run out of savings. Those who don't will be rewarded handsomely for saving money in Bitcoin.

The actual experience is completely different from your imagination, I also bought bitcoin at prices around $200 -$300 but keeping it to $69000 was impossible for me, and that was after two cycles The price increase has happened, and even if it only reaches $1000 I can't hold it. But frankly speaking, my own limited understanding of the market is the main reason, and up until now, even if I accepted to buy bitcoin at this price, it would always be a bargain. In investing, our ultimate goal is to aim for profit to be able to spend and develop for life. With the crypto market, I can only feel that it will grow over time and that there will also be ups and downs related to the macroeconomy. So don't just think that the starting position/or timing make you feel comfortable with the market.

I'm still imagining that there are actually many of them who will still pay attention to investing. Of course, there will be only a few. At that age, life experience will make them knowledgeable enough to make appropriate decisions. Rather, we are just speculating about things about which the object we are talking does not exist at this issue.

Totally agree, that's one thing I often say in these threads.


This is another thing that I think hits the nail on the head. In the vast majority of the cases of the people that we met bitcoin years ago, it's not like we bought a large sum and waited for the price to go up without doing anything. The most normal thing is that at the beginning when you didn't know it very well you bought a little, and then you sold some when the price went up, but if you have done well over the years you will have maintained a positive trend of accumulation despite buying at some times and selling at others.

Value is what matters in anywhere that we are putting our money into. If because I bought btc for $100 and now bitcoin is $43k, I will still buy because it shows that bitcoin had the potential to go higher that $43k+. What you should also put into consideration is that no matter at what price that you bough bitcoin, if you can hodli for long term, you will make profit from it.

Anyone that is considering not buying bitcoin because way back it was $10 and now $43k+, is not ready to invest now and he is thinking on buying at the dip, which has shown a sign that the person might miss out the opportunity of buying now because I still see that bitcoin price is still ok to buy now.

Yea, and that is why you need to use the DCA approach to buy so that you don't feel too emotional. I am only having the feelings that I need to buy more bitcoin because I am still a low coiner, so that I can accumulate aggressively before the bull run comes after the halving, but there us nothing I can do because I have already budget a certain amount that I use to DCA weekly.

I understand where you are coming from, OP and what I can comment is nothing but a piece of advice to those who are still thinking that the price will go any lower than the $40k it is right now.
The plan or strategy of DCA favors any amount one may be willing to commit to such a plan and the best time to start could be anytime one decides upon.

Still, the price of BTC will keep rising despite the economic hardship occassioned by the movement of our local fait, and that's why DCA approach would be a best support to make profit from long term accumulation or HoDling of BTC.

I understand what you mean, for some people it may seem unfair to pay so much for an asset they could have bought for a much cheaper price if they had discovered bitcoin when it had such a low value, but there is literally nothing that can be done about it, bitcoin was that cheap because at the time there were not many businesses that accept it as a payment option and there was a low level of adoption, now that things have changed it makes sense that its price has increased as the demand for it increased as well, so either people just accept it and move on or they invest in another market they believe is about to go up in value.

I think for those who bought Bitcoin at a very early time, they will feel very lucky to have bought 1 bitcoin for around $10. There is a very big gap in terms of profit that should have been archived if they held those coins from when they bought at a very low price to when the price has now gotten to $40k, while some people are buying now that the price is high. There's a statement I came across—I can't actually remember where it was—but it said, "Everyone bought Bitcoin at the price they deserved." There's no need to regret buying Bitcoin when the price is high because you cannot turn back the hands of time to make Bitcoin $10 before you can buy it. Your only choice is to be positive and keep accumulating Bitcoin for every low price you can buy it and hold for a very long time, and you will surely be making a profit.

What?
why would you want to pay higher sacrifice than paying lower sacrifice to buy bitcoin at little stage, Man it's better to buy bitcoin when it is 15k to $20k than entering the market at the top of $40k through DCA'ing. If I may get correctly DCA can play a vital role where we seems not to have any money at hand maybe you thought you budget isn't sufficient enough to cover your target and the amount you wanted to purchase and accumulate that is why most people do gets involved in DCA but having sufficiently enough and you with positive mindsets as Bitcoiner you knew certainly the price of bitcoin would surely increase buy a huge some of bitcoin is more better than having part your funds by doing DCA which I think lots of people do missed some golden opportunities at the point DCA'ing.

That is why at the time purchase or investment you might feel that you wanna waste your resources without knowing the future of what you hold, even those that purchase 10k btc or above if those people knew it would be something great today they wouldn't have mind acquire bunch of it, so do not regret there are still time but if you must not regret again I suggest you should purchase enough this time around.

That is an example that is very easy for everyone to understand and if it were to be compared to Bitcoin, I personally would not be happy enough to pay more if I had bought it when the price was still low. In fact, my thoughts would be more directed towards selling it to get more profit if the price comparison was that big for the same item. Because usually those who like to buy at the highest price for an item are only long-term users or collectors of certain items that can make them happy when they see the items they have bought.

I think that's what OP want to ask here. Just like me, everyone's here didn't think that bitcoin value will risen like it's current value that's why many  investors didn't hold their coin and they sold it right after bitcoins minimal changes. it's not regretful if the money goes to an important things but it serves as an eye opener to many investors. The best thing happened on that situation is we learned and we already know what we will going to do in the future.

i started at $6/btc, i day traded a bit i bought more in different years

but recently i only buy after a ATH, knowing putting funds in the post ATH corrected low, the next ATH will multiply that allotment

i dont co-mingle the funds to total them to an average cost.. i keep numbers separate
eg
2012 6/btc is 7000x now (at the time i knew it would go over prev ATH of $32(min target 5x))
2014 400/btc is 100x now (at the time i knew it would go over prev ATH of $1200(min target 3x))
2018 3500/btc is 12x now (at the time i knew it would go over prev ATH of $2000(min target 6x))
2022 28000/btc is 1.5x now (at the time i knew it would go over prev ATH of $70000(min target 2.5x))
2022 19000/btc is 2.2x now (at the time i knew it would go over prev ATH of $70000(min target 3.6x))

i got no need to sell, so im hoarding long term knowing getting more then 2x per 4 years is 60% profit a year MIN target. which is better then fiat bank interest of 5%

What you have to consider if there's some sort of feeling involved in the purchase is about understanding that worthy assets have been appreciating over time. When someone purchased Bitcoin long time ago at a lower price, then they deserve the profit that they're getting for being one of the earliest folks that have trusted and believed Bitcoin when the whole world doubted it.

While the happiness is there for the older ones that have bought it cheaply. And for those new buyers and investors that have seen the charts and history, they don't have to feel regret when it was cheaper before. Because you have to think of it that for every season, there is a reason. And it's not that late at all, like what you've said that it can still be cheaper this time when in the future it's going to be more expensive.

That's the cycle that we're seeing for those new investors and all you need to do is to consider your status, whether you're going to keep on believing and holding. Or you're going to feel regret and dwell in the past instead of moving forward.

You only think about Bitcoin in the context of investing because of the profit and the price, which is the main factor, but Bitcoin is actually much more than that. Even if you think that 10+ years ago someone paid only $10 for 1 BTC, maybe even then they considered it an expensive investment considering that they could mine even 50 BTC per block with their personal computer.

Of course, anyone who has invested at such low prices can regret from time to time that they didn't buy more, but I don't see the slightest logic in anyone seriously breaking their head about it, and at the same time not learning anything from it all.

Even today, Bitcoin is actually very cheap considering the potential it has, but again I note not only because of the price compared to fiat, but also because of its characteristic that it cannot (at least not completely) be censored. I personally have no problem with what you are asking, I bought and spent BTC when it was only worth a few hundred $, and I do the same today.