/biz/ - Business & Finance

A spot ETF for bitcoin also opens up another avenue for people to sell

Some people spend their entire life poor

Im starting to think im going to be that person

Has anyone even made life-changing gains from Bitcoin in the last 5-6 years?

Remember it was like 1k in Janurary 2017, and only hit 10k in November 2017 and then 20k in December 2017.

Even if you bought at 1k in 2017, you only got a 69X at the top, or currently a 26X.

Now if someone put $10k - $100k in at 1k in Jan 2017, they only turned that into $260k - $2.6 million right now. Definitely not life-changing gains at all. 99.99999% of normies would have not put $100k in at 1k in 2017, chances are normies at best would have put in 1-10k or so into bitcoin, so they might have 26k - 260k from that investment of 1-10k back in Jan 2017.


I honestly dont even believe anyone has made life changing gains from Bitcoin unless they bought in maybe at 2014/2015 at the latest.


Come to think about it. The life changing gains from Bitcoin were made by buying in the following years
>2010
>2011
>2012
>2014
>2015

If you bought at any other time, you either got fucked, or you haven't made life changing gains. NO fucking wonder shitcoins wont go away, theyre the only way to see life changing gains.

Crypto doesn't end up being "it" and we end up hodling down -90% over the next decade of slow decline and loss of interest

2021 portfolio peak - $310,000

Current portfolio - $2,600

Whoever gets trips decides whether I put my entire cryptoid portfolio into PEPE (63k USDT)

I literally get more upset losing a competitive video game than I do losing hundreds of thousands of dollars in crypto

>buy altcoin to try make more bitcoin
>the altcoin/bitcoin values crabs for weeks/months
>say fuck it and go back to bitcoin
>very next day the altcoin goes 30%+ against bitcoin in sat value

Why the fuck does this always happen to me?

Do you gamble to supplement your income?

why aren't alts recovering when bitcoin recovers a bit?

I have 6 figs in crypto atm and im considering just cashing out, this shit is too stressful

I miss the days where I didnt have think about this shit

People shit on HODLing/DCAing but honestly my mental health would be 10X better if I ever did was buy and hold bitcoin and not even look at the price.

I unironically am one of those people who used to have much more bitcoin than I do now but I got smart and thought I could trade it and gain more of it only to lose most of what I had

This is unique and painful, far more painful than those who never had bitcoin but say they knew about it but were too lazy to get any, the difference is I actually had a lot of bitcoin at one point, and squandered most of it away trying to trade the market to get more of it, this is far worse than those of you who never had any to begin with, even if you "knew about it" many years ago but never actually owned any

IT

JUST

KEEPS

GOING

UP

WHEN

WILL

10K

HAPPEN

Guess what? Im down to 2.2 bitcoin as I tried selling this rally, and now ive lost half my bitcoin.

I actually had 4.35 bitcoin before the rally started, I was trying to get 5 bitcoin

Now ive fallen all the way down to 2.22 bitcoin

Now my only hope it seems of ever getting back to 4+ bitcoin is to buy shitcoins and hope they gain in sats against bitcoin

Why oh why didnt I just keep the 4 bitcoin and cold storage it and stop trying to trade

My annual mortgage repayments increased by $25,000 now compared to this time last year

If everyone is so poor and strapped for cash, whose buying this shit?

I HAVE LOST $82,000 WORTH OF BITCOIN IN THE LAST 4 MONTHS TRYING TO SHORT

>wake up
>still poor

>>50760856
>>50760877
thanks dude

>>49843290
No ben don't kill yourself

Can I really profit from layer 0? I swear to christ in kekven I don’t know what to do, is my brain actually melted to malfunction just cuz I got into sne?

>>49335963
Anyone said bear market

>>49272444
Im getting into depression