UberMonkeySmallAndChunky

Ebay is more susceptible to being replaced because its purely network effect. Bitcoin is network effect + maximum possible decentralization. " Decentralized digital scarcity is the real innovation and Bitcoin was the first" https://medium.com/@jimmysong/why-bitcoin-is-different-e17b813fd947

Bitcoin is much closer to true decentralization vs other cryptos. Very hard to recreate.

Not just first mover but how do you recreate the decentralization of Bitcoin?

A growing awareness of Bitcoin being a superior unique asset.

bob rules

You missed some of the easiest trades of your life over the last 8 years due to your bias, congrats.

Yep.

Start of dec 2017 price = $10k, also got up to 20% CGT. As i said previous you could have got a $10k bticoin sold in the next tax year for a brief moment also with reset CGT. Also what you going to do move.. 100% of your stash onto an exchange to sell? When do you pick to rebuy also?

Captain hindsights/no coiners would have sold the £2k you originally put in when it doubled or trippled in a short space of time. They are used to regular investment returns.

Bitcoin is very good at sucking you in to checking charts. Hodl and find something else productive to do is my solution.

Yeah i also fear the pull back, wondering if we need to go up to something like $7k, $7.5k or $8k to have room for a nasty crash to like $5k.

Not that i spend much time on TA but $12k - $20k there is hardly any price history. Just like we saw from the $3k to $6k move. So i guess the issue is total market cap size?

Jim rogers in the 20th century

Whats your top with no regulation change but another price pump?

If i had larger amount of spare fiat i would maybe buy more. The current amount of spare fiat i have i would only buy a dip. Consider the no trade zones in something as volatile as Bitcoin are much larger than average asset. Also consider a price of around $6k Bitcoin in 2019 is probably about the right price (best guess). $6k in mid 2020 is a better buy. $6k in 2021 even better. Assuming all other variables the same. 99% of my time/energy goes into my own business, so i offset my potentially risky Bitcoin obsession this way. I cant get any better fiat returns investing anywhere else but my own business so this makes sense right now.

My own strategy is to try and do the best possible, its not perfect. I spend much more time working on other areas in life that are more controllable, that way i dont have to rely so much on what Bitcoin does.

I have a similar strategy also. Confident in Bitcoin hitting $100k+ but wont put in more money unless dips happens or more years go by and variables stay the same.

Yup, Bitcoin doesn't need any single exchange long term.

Not buying Bitcoin at $3k a few months ago = loss.

You could swap the 200k for various stuff and probably double it to 400k by the end of monday tomorrow if you make all the right moves.

Others dont. Its redundant.

This means Bitcoin is finally dead.

Lol China

When being in such a privileged position of knowledge its greedy not to find a way to debunk the need for bitcoin's existence in a palatable manner to the unenlightened.

I've taken money out and put it elsewhere. If we ever went down below $3k i was going to start buying some more but that below $3k ship has probably sailed now IMO.