Well, my bitcoins are now worth less then they were six months ago, and yet I'm not particularly worried, why?
Because the 60K top does not look like a proper blow of top, it didn't go up sharp enough, it plateaued on 60ish K for a while and it didn't have a dead cat bounce, hence it wasn't a real super top.
Just my 25 öre.
Because the 60K top does not look like a proper blow of top, it didn't go up sharp enough, it plateaued on 60ish K for a while and it didn't have a dead cat bounce, hence it wasn't a real super top.
Just my 25 öre.
I'm weeping into my milk at the current price. Only 450X up on my original coins..which I still have.
And 2X on the most recent.
Disappointed with Billy nocoins investment advice and sure prediction of 30k the other day.
Have fiat ready to go for such an opportunity (along with millions of others).
May have to content myself with a purchase mid 31k before that window closes.
Looking back 64k will have been that little bulge on the charts that signals the start of the proper run up to the top of a cycle, which this one has not yet completed.
In the whole history of Bitcoin the situation has never looked so good.
I suppose officially (or would that be "technically"?) it is more accurate to divide your coins in terms of each time that you bought some and then you would have an open and a close for when you sold them (if you did).
Sometimes I do not necessarily want to go into that level of detail in regards to what my own situation and systems of classification are, and technically the lowest amount that I have ever bought any BTC is at $182 in January 2015, and likely I bought a relatively low quantity of BTC at that particular price because, I had been buying all the way down from $1,201 in November 2013, and yes you might proclaim that BTC had never gotten all the way up to $1,201 in November 2013, but it did for me when I met someone to make a direct transaction at the outside metal chairs outside of a grocery shopping location... Yes, the official BTC price on Bitstamp peaked out at $1,163 for that particular part of the cycle.
So, gosh, I did buy the vast majority of my BTC stash in through out that year (of 2014), and looking back seeing my cashflow kind of steadily being available, but also having some lump sum periods of availability of funds during that time that got channeled into bitcoin.. and so yes, I suppose that I was behaving with some level of irresponsibility in terms of having some target ideas in my head about BTC accumulation levels that I wanted to reach, but a lot of that is a kind of fog in my memory - absent looking back at some of the transactions and considering whether I might have been aggressive enough given my whole financial situation... and geez it looks like a lot of coins (relatively speaking about getting to 0.21 BTC and all that) were acquired in the $500 to $700 range because I was kind of considering the drop from the lower 4 digits and into the mid-ish 3 digits was such a "great deal".. and the fact that my average cost per BTC was about $560-ish by the end of 2014, did not really feel bad at all, even if the price still went down and then ended up staying down for the vast majority of 2015 - so like largely in the a bit lower than 50% off of my average cost per BTC range.
So, great deals in the mid-3 digits were not really seeming like great deals until many years later.. and sure of course, there might be some ways of considering the whole matter in such a way that maybe it does not matter so much whether I might have been able to achieve 450x returns or merely just 30x-ish --- which is kind of easy to calculate - even while generally outlining that "bitcoin has been berry berry good to me.".. but take current BTC prices (at $31,500-ish), for example, I still remain inclined to generally refer to my situation as either 31.5x-ish (not sure if it is just easier to calculate in that way), even though I might sometimes want to proclaim a higher number such as 42x in profits.. and maybe it depends on the general point that I am wanting to make, and neither of the numbers is really untrue.. it's just a kind of short hand attempt to make some points... ..
And, so for sure, if part of the point is to show - "how the fuck could I really be bothered with some of my coins at a mere 450x in profits versus their 927x peak profits in mid April? Is there any real and/or meaningful difference in that level of profits, so if I get back to my lowest purchase of $182, then I could proclaim that lowest purchase of coins ever to currently be about a measly 175x profits, but at one point, it had a profit level of a wee bit more than 356x... .. Either way, I suppose depending on the point (emphasis) being attempted to be made.
