~snip~
[edited out]
10 years is a lot, but on the other hand, it is also a little - it depends from which perspective you look at it. If you invested in BTC when it was worth a few hundred $, then even today you are a relatively rich person (depends on where you live and what you want).
I get your point that 10 years really might not even be that long when it comes to a kind of an investment that brings you multitudes of price appreciation.
I would imagine that most people take a while to establish their BTC position. They do not just lump sum in, even if they are capable of such lump summing.
2015 was scary too.
I would imagine anyone (even a relatively poor person but who had some disposable income) who was somewhat aggressively accumulating in 2015 ended up doing well for themselves if they were able to completely establish their position in 2015 - but I still think that the market sentiment was too uncertain for a lot of normies to be aggressive in establishing their position in 2015.. so even if they started in that time, they likely would have still been accumulating into 2016 and perhaps into 2017.. and maybe a bit beyond that..
It is certain that the percentage of those who believed that Bitcoin would survive at all in 2015 was much lower than it is today, but I can say from my experience that the people I talked to at the time about BTC were not ready to invest even $200 in that same BTC because they believed the mainstream media and people like Warren Buffett.
I remember that I started
"collecting" my first coins during 2014 through faucets, and with a good faucet rotator and active referrals, it was possible to collect about 0.3 BTC per month in 1-2 hours a day. I, as well as most of the members of this forum who have been there since 2015 (and earlier), were obviously among those who knew how to think with their heads, unlike those who listened to the wrong people back then (as well as today).
Maybe this kind of market seems a bit frustrating, but I think it's better if everything "bad" happens now, even though the presidential elections in the US may have a greater impact on the price of BTC than everything that has been happening in recent months. Unfortunately, too much focus was placed on only one country, only one man and a few powerful companies.
There is something a bit frustrating with some aspects of bitcoin having ties to liquidity, yet still it seems likely that bitcoin is going to fair relatively better than other assets, and its performance is not quite as tied to the results of the election as it seems to be... Yet in various short term periods, there can be good cop bad cop ideas that contribute to some short term dynamics, including helping to shake some weak hands out of their coins.
These kinds of downity pressure periods frequently (if not always) feel scary while we are going through them, even for longer term holders who are in decently great profits.. and yea, maybe the ONLY ones getting excited are the bears, no coiner and low coiners, who might not be buying anyhow. Sure some newbies to bitcoin might be buying and excited to be able to buy cheaper, yet it can still feel uncomfortable regarding how low any dip is going to go or how long it is going to last.. but I still question any single issue theories. .such as presidential elections.. even though so many folks might currently be talking about bitcoin's price performance and/or future possibilities within those kinds of presidential election parameters.
A lot has changed over the years in relation to how people, but also how the world views Bitcoin - because if we remember that before the focus of investors was always focused on China, which was like the
"main player" in mining and trading with BTC - until they did not ban cryptocurrencies and the focus slowly began to shift to the US.
I remember that at that time, some of the prominent members of various companies that had operations with cryptocurrencies in the US publicly said that Bitcoin simply had to come under greater US control in order to be better accepted, which in the end, as we see, happened.
Now we see that armies of so-called
"crypto followers" gather in a trance at Trump rallies and listen to his promises that he will do this or that when he becomes president - although realistically he does not have the absolute power to do it all. Maybe they live in the belief that Trump will transform the US into some kind of
great El Salvador where today President Bukele calls himself a BTC-loving dictator
