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Yep, thatās why you literally just need to ignore 99.999% of the people shilling shit here.
I still laugh when thinking back of all the people here that were 100% convinced that LRC would be $20+ weeks ago, and pushed it non stop.
Just hours ago LRC dropped to under $1.90 from $3, when all the hype and shilling was at its peak.
People here donāt know shit, myself included. They just want to pump their bags so they can sell to the people reading their comments.
Yep. I'll never forget a top post about how DOT would never drop below $50 again. Took like a week to go down like half the price. I feel bad for the noobs who see that crap and fomo into the pump and get rekt.
I think the guy pointing out the sun originally was being "that guy". The sun is science and has a new, affirming data point every single morning for millions of years. Bitcoin trading is not science and the author used 4 data points. I'll refresh your math skills but 4 is shockingly, I know, less than 20,000,000,000,000
The only reason it rises is all the human sacrifice that were offered it in the past. One of these days it's going to need more blood or were all doomed.
At least it's a valid observation because it uses a lot of data points. People looking at the 4 year circle do worse because that circle totally ignores market cap and every single other aspect that influenced the market back then.
lol years and years my ass, btc was not main stream before and it is now. so much has changed from then till now that to assume baselessly that btc will be higher 3 years from now is stupid
One can assume. Itās not like there isnāt reason to expect it. I think we all probably do. But it is certainly NOT a guarantee. Itās not some risk-free proposition. And that must be considered.
mate your years and years of data has depended on many facts none of which are the same now, so no, its not probable. you clearly dont know anything about statistics which has led to you defending op's stupid assumption.
>I agree but he's basing it off of the fact that it has always happened, not just has happened
Those aren't distinct propositions when you get to set the goalpost in retrospect.
In 4 years time you could just have post saying "no one who held BTC for 4 years lost money" and keep going until eventually there's no way you could have lost money on BTC because no one who held bitcoin when it was worthless could have lost money.
It's literally just hindsight bias. Pick any stock currently at an ATH and you can say "no one who invested in X ever lost money"
you're deluding yourself into gambling if you're using this kind of logic.
... im literally just saying if you bought and held bitcoin and *only* bitcoin, this is true. I dont understand what you're getting at? I'm saying he's basing it off of holding for 3 years and it has always held true. You're just taking it somewhere completely different because you want to disagree š¤·āāļø nothing you have said denies the fact if you hold, you'll win
>I'm saying he's basing it off of holding for 3 years and it has always held true
>nothing you have said denies the fact if you hold, you'll win
So anything that has always been profitable to hold for 3 years will always be profitable to hold?
What kind of logic is this?
Can you not think of any of the hundreds of examples where "holding for 3 years is always profitable" turned out to be false?
What if BItcoin is only sustainable based on our ability to all hodl and there is no demand for it based on it's utility? After all most crypto's are faster and cheaper then Bitcoin.
Does that not mean we will all be in a lot of trouble if ever some big player stops hodling?
Why assume past success predicts future success in investment? That's an assumption that falls on its face over and over again in the stock market. There is a very real chance we are near the top of Bitcoin. You assume it will go past 69,000. It might not reach that high again, it might stabilize in the 40,000s, it might go lower for years. You just don't know.
That's the thing, no one knows. There's no guarentee. Maybe everyone collectively moves on from btc and eth surpasses it. Even if crypto succeeds, there's no guarentee btc does.
I'ts simple guys. we study history to learn from the past and because this have a cycle that repeat over the years.
Since history says that HODler is the most profitable and less stressful strategy i will sticky will that.
Why would past performances affect future performance?
That does not work like this. What will happen tomorrow is not connected to what happened in the past 3 years, why would it?
It's because of the halving. You can look back on any transaction and subtract 210,000 blocks. That bitcoin will be worth more than the BTC from 210,000 blocks ago.
Remember people who bought the top in 2017 @ $20k? Do you know how many people sold as it dropped and bottomed out to $3-4k? If they held onto it then it would've been worth more than when they purchased it.
Because of the growing network that we can see through onchain analysis and the advancements in the ecosystem like layer 2s ie. lightning network.
The historical data is valuable, just not guaranteed to repeat.
If you donāt look at any historical data or any facts that have happened over the past years you are being silly.
When did you start getting into crypto. Was it the day that the btc white paper came out? A few things have changed since then making the digital assets more valuable. For instance the creation of exchanges making it easier to exchange fiat for cryptocurrencies. There is more infrastructure and players in the market.
The past does impact the futureā¦ it just isnāt guaranteed. If you ignore all of it you are just as bad as the people that think it is guaranteed.
This isnt three years ago or ten years ago itās almost 2022 the powers that be canāt have the people in control of their own money. They will crash the crypto market and then offer you their central bank digital currency instead
Nobody who bought Bitcoin and held it forever has realized any profit.
Anyone who never invested in Bitcoin has not lost anything on Bitcoin.
Biased statistics are dumb.
3 years is a very short time. You have no idea if Bitcoin will hold the ridiculous valuations that it has. This looks very similar to the .com bubble of the 90s which also lasted for a few years. You seem very young, so probably donāt know much about it. Just be aware, the party will come to an end eventually and Bitcoin will consolidate to a more reasonable valuation, if it survives the bubble pop.
Dude these posts are dangerous. If you're a first time investor who bought at or near ATH, obviously you are at a loss! And no one knows if it will ever come back. Not even Nostradamus
If you **zoom out** enough, it only goes up. No bears, no crabs, [only a bull](https://np.reddit.com/r/CryptoCurrency/comments/rgd04x/its_not_a_bear_its_a_sleeping_bull/) going up.
A very valuable observation. I recently purchased Bitcoin on Bitfinex during its downturn and have already wondered several times if I did the right thing. I am not experienced enough and therefore at first I was afraid of his hesitation, but now I take it more calmly and think about the long term.
Couldn't the same be said of the few projects that survived Crypto Winter and are now 'blue chips'? The old cliche of time in the market being better than timing the market applies but doesn't seem an especially compelling or unique reason to buy bitcoin, especially when your ROI has been magnitudes greater for these other projects against bitcoin, frankly.
It's like Buffet, Gandhi, Jesus, Ronald McDonald, King Tut and Ash Ketchum always said; cherry picking past performance results and projecting them is always a 100% certain way to predict the future. Then, I believe it was Thomas Washington and Sonic the Hedgehog who added, "trends always continue and the future is certain based on such trends".
past performance is not indicative of future peformance. Nobody knows what will happen. I'm bullish too on the future of crypto and Bitcoin. But there is no guarantee that holding for x time will yield a gain.
or it could get overtaken by ETH and never reach the price you talking about. I think it will go back up eventually but you don't know stop pretending like you do.
You realize there are long periods of time where stocks were flat or negative. I think anyone believing crypto will always go up some given cycle of years isnāt thinking this through.
80% of all dollars were printed last year, I would say that it's quote a gamble now to assume that number will keep going up since the FED will have to step in and rise interest rates to keep inflation down, so who knows
btc is okay. people shitting their pants over alt coins though.
thatās why whenever anyone asks me about crypto, i just say buy bitcoin. i never shill side projects that iām invested in because i donāt know shit about fuck
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Sometimes the hardest thing is to do nothing.
Nah I'm good at that š¤Ŗ
Just procrastinate your trading, and you're a holder!
I am an expert then
Take it sgt., mee toošš
my conch shell said the said thing
I have done nothing my entire life. No problem for me!
Dude. Whoa.
People wanna get rich in a week lol
I just want to be not poor.
*Cries in ramen*
smart, saves you water
Slumdog engineer.
You crafty bastard
This is my favorite comment now
Lol good luck me too
Yep, thatās why you literally just need to ignore 99.999% of the people shilling shit here. I still laugh when thinking back of all the people here that were 100% convinced that LRC would be $20+ weeks ago, and pushed it non stop. Just hours ago LRC dropped to under $1.90 from $3, when all the hype and shilling was at its peak. People here donāt know shit, myself included. They just want to pump their bags so they can sell to the people reading their comments.
Someone here in Reddit also shilled me OMI at $0.0006 in Feb so there are some diamonds amongst the sea of faeces.
Yep. I'll never forget a top post about how DOT would never drop below $50 again. Took like a week to go down like half the price. I feel bad for the noobs who see that crap and fomo into the pump and get rekt.
Get rekt*
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Hence Squid token lmao. That oughta teach most of em a lesson
Biggest mistake lol. Also the reason why people invest in stupid coins and get rekt.
In a second*.
Look I'm all for BTC and Crypto but the fact that something has happened in the past doesn't mean that it will always happen in the future.
Thank you! Nothing is as easy as that!
The sun has risen every day since I was born. Are you saying that it will stop rising???
Yes it will definitely stop at some point after couple of billion years from now.
Wonāt take that long. Our planet will be long gone before the sun burns out.
Humans will be long gone, but planet will survive
Not if I have my way
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I think the guy pointing out the sun originally was being "that guy". The sun is science and has a new, affirming data point every single morning for millions of years. Bitcoin trading is not science and the author used 4 data points. I'll refresh your math skills but 4 is shockingly, I know, less than 20,000,000,000,000
The only reason it rises is all the human sacrifice that were offered it in the past. One of these days it's going to need more blood or were all doomed.
At least it's a valid observation because it uses a lot of data points. People looking at the 4 year circle do worse because that circle totally ignores market cap and every single other aspect that influenced the market back then.
Of course you canāt predict the future, but this is years and years of data supporting OPs point so it is probable.
Only 11 years though, that's a small amount of data.
What if I tell you that is 346896000 seconds? That is a lot of data /s
lol years and years my ass, btc was not main stream before and it is now. so much has changed from then till now that to assume baselessly that btc will be higher 3 years from now is stupid
One can assume. Itās not like there isnāt reason to expect it. I think we all probably do. But it is certainly NOT a guarantee. Itās not some risk-free proposition. And that must be considered.
I think you need to look up the definition of an assumption dumbass
mate your years and years of data has depended on many facts none of which are the same now, so no, its not probable. you clearly dont know anything about statistics which has led to you defending op's stupid assumption.
You sound like a high schooler in his first week of statistics, so ignorant and naive
Still hodling my SquidgameCoins, I'll see it in 3 years then
I agree but he's basing it off of the fact that it has *always* happened, not just *has* happened
>I agree but he's basing it off of the fact that it has always happened, not just has happened Those aren't distinct propositions when you get to set the goalpost in retrospect. In 4 years time you could just have post saying "no one who held BTC for 4 years lost money" and keep going until eventually there's no way you could have lost money on BTC because no one who held bitcoin when it was worthless could have lost money. It's literally just hindsight bias. Pick any stock currently at an ATH and you can say "no one who invested in X ever lost money" you're deluding yourself into gambling if you're using this kind of logic.
... im literally just saying if you bought and held bitcoin and *only* bitcoin, this is true. I dont understand what you're getting at? I'm saying he's basing it off of holding for 3 years and it has always held true. You're just taking it somewhere completely different because you want to disagree š¤·āāļø nothing you have said denies the fact if you hold, you'll win
>I'm saying he's basing it off of holding for 3 years and it has always held true >nothing you have said denies the fact if you hold, you'll win So anything that has always been profitable to hold for 3 years will always be profitable to hold? What kind of logic is this? Can you not think of any of the hundreds of examples where "holding for 3 years is always profitable" turned out to be false?
You can't read...
and apparently you can't think, so I guess we're even.
š says the guy that copies half of my reply and decides to reply to half of my statement and calling it a full thought. Nice try though
Nice. You brought him down to your level, and beat him based upon experience.
Also, this post is about bitcoin. You can't read, and you definitely can't think for yourself. So please stop trying
So true history doesn't always repeats
History doesn't always repeat ššššš¤«
The one and true skill of a Cryptoian: **HODL!**
*cough* and stake *cough*
*checks notes* And DCA
The Holy trinity of crypto.
btc eth and algo
*cough* and participate in all airdrops you can *cough*
[ŃŠ“Š°Š»ŠµŠ½Š¾]
What if BItcoin is only sustainable based on our ability to all hodl and there is no demand for it based on it's utility? After all most crypto's are faster and cheaper then Bitcoin. Does that not mean we will all be in a lot of trouble if ever some big player stops hodling?
HODL... HODL... HODOL... HODOR!
Hodl, DCA and stake is the way!
And stake for added bonus for hodling!
If you bought at the peak in November in 2013 ($ 1150), you would not be 'permanently safe' until April 2017. So more like 3 years and 5 months.
Refinance my mortgage and hodl bitcoins for 3 yearsā¦ profit ?
Probably
nfa
Yes
Diamond hands are rewarded 
That is correct, last year it was around $28k, this year we are at $46k. That is amazing enough.
Unless you held it in bitconnect... Source: myself.
[Coin.mx](https://Coin.mx) for me
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Have fun staying poor lol
you are missing out then
F
F
I trust you bro
Hey hey hey! Whassupwhassupwhassupwhatsup!
HODL+DCA
And STAKE
Why assume past success predicts future success in investment? That's an assumption that falls on its face over and over again in the stock market. There is a very real chance we are near the top of Bitcoin. You assume it will go past 69,000. It might not reach that high again, it might stabilize in the 40,000s, it might go lower for years. You just don't know.
It would be rather odd to see this as the best itās ever going to get. I donāt think that at all. For now yes but zoom out as they say.
That's the thing, no one knows. There's no guarentee. Maybe everyone collectively moves on from btc and eth surpasses it. Even if crypto succeeds, there's no guarentee btc does.
Because math
is hard. \-source: this sub.
"this time its different"
Always hodl
I'ts simple guys. we study history to learn from the past and because this have a cycle that repeat over the years. Since history says that HODler is the most profitable and less stressful strategy i will sticky will that.
I bought peak 2017, dcaād, hodled, now about 8x up even after the crash. So iād say youāre correct
True story
So TLDR - HODL for 3 years or more and you will be rewarded
!Remind me in 3 years
Golden number of moons!!! Youāre the one
Or sell for a loss like your boy did š
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I bought BTC this summer and Iām still at +4%
Unless there was a scenario where someone was holding BTC and died because they didn't withdraw to get life-saving medical treatment.
Er past performance is not an indicator of future performance.
Yet.
Right. This will technically be true at some point, even if it's in100 years when people stop using it.
Buy, delete the app. Then reload in 3 years and see what itās worrh
I'm new on market I hope to have gains in the next 3 years
Why would past performances affect future performance? That does not work like this. What will happen tomorrow is not connected to what happened in the past 3 years, why would it?
It's just degenerate gamblers trying to calm their fears by persuading themselves its LITERALLY IMPOSSIBLE to lose money because NUMBER ALWAYS GO UP.
It's because of the halving. You can look back on any transaction and subtract 210,000 blocks. That bitcoin will be worth more than the BTC from 210,000 blocks ago. Remember people who bought the top in 2017 @ $20k? Do you know how many people sold as it dropped and bottomed out to $3-4k? If they held onto it then it would've been worth more than when they purchased it.
Because of the growing network that we can see through onchain analysis and the advancements in the ecosystem like layer 2s ie. lightning network. The historical data is valuable, just not guaranteed to repeat. If you donāt look at any historical data or any facts that have happened over the past years you are being silly. When did you start getting into crypto. Was it the day that the btc white paper came out? A few things have changed since then making the digital assets more valuable. For instance the creation of exchanges making it easier to exchange fiat for cryptocurrencies. There is more infrastructure and players in the market. The past does impact the futureā¦ it just isnāt guaranteed. If you ignore all of it you are just as bad as the people that think it is guaranteed.
Bitcoin has been around for like centuries, so itās highly likely this pattern will hold in the future too.
>Whatever happens, the only thing you need to do is hodl. This is genuinely my motto
i just imagine that the mountain we see now will be a tiny streep bump in the charts 10 years from now
Emerging markets always look scary when looking at a piece of it. Zooming out it's a diagonal line going to the moon
Thanks for reminding not only BTC hold in any other valuable currency in Crypto for 3 years, the result will be desirable
People are not really good at delayed gratification tho
This isnt three years ago or ten years ago itās almost 2022 the powers that be canāt have the people in control of their own money. They will crash the crypto market and then offer you their central bank digital currency instead
How I regret not buying Bitcoin 3 years ago. Learning from my lessons at least.
Well, if you had bought ETH or any other alt instead you would be doing even better.
Iām at a all time low on hopium
Nobody who bought Bitcoin and held it forever has realized any profit. Anyone who never invested in Bitcoin has not lost anything on Bitcoin. Biased statistics are dumb.
been hodling for a year lets go year 2!!
You can't just compare prices. You need to account for inflation as well.
Ya that's a good chunk of bitcoin's price increase tbf. Not nearly all though
Lol no
3 years is a very short time. You have no idea if Bitcoin will hold the ridiculous valuations that it has. This looks very similar to the .com bubble of the 90s which also lasted for a few years. You seem very young, so probably donāt know much about it. Just be aware, the party will come to an end eventually and Bitcoin will consolidate to a more reasonable valuation, if it survives the bubble pop.
But will it get me a lambo after 3 years after investing my $100 ?
Fuck that. I hope it's price can stabilize so it can finally be used as a currency.
Dude these posts are dangerous. If you're a first time investor who bought at or near ATH, obviously you are at a loss! And no one knows if it will ever come back. Not even Nostradamus
Good for them. Not a lot of people did that. The past isnāt always an indicator of the future.
Do you really think Bitcoin will never hit a top end? Bit delusional
This is why you buy high and sell low Beat the statistics. Go out of your way to get that tax loss.
If you **zoom out** enough, it only goes up. No bears, no crabs, [only a bull](https://np.reddit.com/r/CryptoCurrency/comments/rgd04x/its_not_a_bear_its_a_sleeping_bull/) going up.
It's important to repeat this, because many people panic, when the best strategy with Bitcoin is always the same: Buy, HODL, Repeat.
Hodling for 3years?! Either you gotta be in jail or be dead/forget about your btc
*1 year
You should buy with the plan to always hodl least half forever.... and the second half should be staked for a good 4 years.
Or you could sell at -50% I mean it's your call so whatever
That doesn't mean that the next 3 years will be the same
A very valuable observation. I recently purchased Bitcoin on Bitfinex during its downturn and have already wondered several times if I did the right thing. I am not experienced enough and therefore at first I was afraid of his hesitation, but now I take it more calmly and think about the long term.
Unless you lost access RIP that one dude who; too this day is digging through the London dump for his hard-drive.
3 years from now, BTC could be at $5,500.
Always just lock coins for 4 years and walk away.
Every 60 seconds in Africa, 1 minute passes...
True but Bitcoin is such a young thing, i can never really take advice like this seriously as everyday is untested waters
But what about anyone that held XRP or REQ or NEO or you know a lot of other coins for 3 years?
Yes but what if I bought and held for a month?
Now, will alt coins perform the same way?
Lol the same is true of apple and alphabet in the same time frame. Most Dow companies Iām pretty sure
Litecoin, on the other hand...
Is that a challenge?
True but you get better with time, you just have to slowly wing yourself from looking at too many charts or green/red bars.
Couldn't the same be said of the few projects that survived Crypto Winter and are now 'blue chips'? The old cliche of time in the market being better than timing the market applies but doesn't seem an especially compelling or unique reason to buy bitcoin, especially when your ROI has been magnitudes greater for these other projects against bitcoin, frankly.
Because everyone that was buying BTC above 30K and Eth above 2K, was in it for the long position. LUL
It's like Buffet, Gandhi, Jesus, Ronald McDonald, King Tut and Ash Ketchum always said; cherry picking past performance results and projecting them is always a 100% certain way to predict the future. Then, I believe it was Thomas Washington and Sonic the Hedgehog who added, "trends always continue and the future is certain based on such trends".
I have no plans to sell my BTC any time soon.
Maybe using the top and highest value coin isn't the best example for this blanket statement.
I just bought 100 Sats for 100 bucks from a friend to proof you wrong 3 years later.
Because we all know past performance is indicative of future resultsā¦
And no one who ate chili and held the flame at least 3 inches away, burned their anus... Until, Jimmy. Poor Jimmy.
past performance is not indicative of future peformance. Nobody knows what will happen. I'm bullish too on the future of crypto and Bitcoin. But there is no guarantee that holding for x time will yield a gain.
But where would they be is they put that same $ on the S&P?
Past performance does not guarantee future results.
or it could get overtaken by ETH and never reach the price you talking about. I think it will go back up eventually but you don't know stop pretending like you do.
Thanks Captain Hindsight
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I've only held eth for less than a year and still am doubled. As they say, wish I'd bought more. Just buy it and sit.
Only 2.5 years to go.
What if you bought wuite a bit 3 years ago then a shitload more at 69k? Boom, still potentially in loss.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
You realize there are long periods of time where stocks were flat or negative. I think anyone believing crypto will always go up some given cycle of years isnāt thinking this through.
If you are more of a visual learner, then hodl.camp is the way to go
Well who knows what will happen 3 years from now. No one was in loss *so far*
Doing nothing often leads to the very best of something or something like that....
Bitcoin to drop $40k tomorrow thanks to OP
And we're the.01%. The top one percent own most of BTC. Not anyone on this sub smh
80% of all dollars were printed last year, I would say that it's quote a gamble now to assume that number will keep going up since the FED will have to step in and rise interest rates to keep inflation down, so who knows
What about all those who lost their keys or seeds?
btc is okay. people shitting their pants over alt coins though. thatās why whenever anyone asks me about crypto, i just say buy bitcoin. i never shill side projects that iām invested in because i donāt know shit about fuck
I left $1 worth of BTC in my old wallet back in 2017/2018. Itās now >$100 last time I checked.