Bitcoin - Depressed

Oracle
safra.dogz

Go to company page Oracle

safra.dogz
Feb 14, 2021 126 Comments

I feel depressed because I missed Bitcoin train.
Given that I work in tech and had exposure to crypto currencies early, I didn’t have balls to buy earlier. I always thought FED, US government will regulate it one day but given the fact that Tesla, Square and a lot of other institutions stock it up and uncle Sam doesn’t give a shit about it, I think it’s getting real.

Will Bitcoin replace USD to be primary currency?

#blockchain #bitcoin #crypto

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  • Google
    paused.

    Go to company page Google

    paused.
    If you truly had the balls and believed in Bitcoin, you’d invest today and hold for 10+ years. If Bitcoin goes to 300k in 6 months, you’d come on blind and post the same shit about how you missed out. Cry me a damn river. Do you see the problem? Invest in what you believe in, not because you’re solely trying to make a quick buck. Sorry for being blunt but thought being direct is the best way to get the message across.

    You’re preparing yourself for a lifetime of depression with this current mindset. Do you know the hundreds of stocks that made the same gains as Bitcoin in that time frame? But yet here you are fixated on the one and only Bitcoin.
    Feb 14, 2021 9
    • Google
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      paused.
      Not entirely sure. I can see it being heavily regulated by some worldwide crypto board or something in the future. I don’t underestimate the governmental influence with these things which could shake up the capital valuation.
      Feb 16, 2021
    • New
      Integ

      New

      Integ
      If it's regulated worldwide there will be a p2p black market for it. Early adopters have plenty of time to exit positive.
      Mar 20, 2021
  • > "Will Bitcoin replace USD to be primary currency?"

    This is solely a matter of public sentiment. Nobody ever said their life was revolutionized by cryptocurrency (besides net worth). There is no value proposition. Bitcoin is worth what it is because other people are willing to pay that much for an asset with no value proposition. Which is fine - gold, silver, and all fiat currencies are that too. Bitcoin is a "fiat" currency backed by "the blockchain" - which is neither strictly-better nor strictly-worse than a government-backed currency.

    US government is unlikely to adopt a currency they cannot control - unless the population votes to do so, which goes back to public sentiment. They're still asking questions like "Facebook, how many categories of data do you collect?" Due to technical incompetence, I see no way they'll adopt a "high-tech" cryptocurrency (e.g. pay your taxes in btc) in a decade at least.

    So assuming you're an average person, make up your mind:

    1. Buy BTCUSD if you have statistical evidence or want to "put it all on black" and gamble on positive future public sentiment
    2. Buy a little BTCUSD if you have fomo, but too lazy to do the analysis of public sentiment and too risk-averse to gamble a lot
    3. Don't buy BTCUSD if you don't want to bet on how other people feel tomorrow

    No risk, no reward. That's how gambling and investing work
    Feb 15, 2021 18
  • Bruh if you get depressed because of fomo, you have other problems to sort out first.
    Feb 14, 2021 0
  • Google
    oOLO43

    Go to company page Google

    oOLO43
    The moment terrorists start using crypto to buy weapons its game over for BTC. 😂😂😂
    Feb 16, 2021 8
    • Bitcoin will be banned because terrorism. What about cash?

      Bitcoin will be banned because drugs. What about cash?

      Bitcoin will be banned because energy. What about cash?

      Bitcoin will be banned because governments may not be able to manipulate currency and steal from their own citizens anymore. Sure, worked well in China didn’t it?

      Bitcoin will not be banned just like the internet is not banned. No country wants to be the next North Korea.
      Apr 29, 2021
    • Google / Eng
      gusaus

      Go to company page Google Eng

      PRE
      Microsoft, VMware
       gusaus
      Bitcoin exists so that everyone can be a bank and the government never inflates your currency and cannot control whom you send it to.
      Dec 28, 2021
  • Uber
    Leet88

    Go to company page Uber

    Leet88
    I don’t believe in charts, “technical analysis” or any of that other type of narrative. But with the design of Bitcoin, the supply released halves every 4 years, i believe the boom and bust is cyclical. This boom will crash sometime this year and will pop again 3.5 years from now.
    Feb 14, 2021 4
    • GoDaddy / Eng
      owouwu

      Go to company page GoDaddy Eng

       owouwu
      This. TA is relevant but many people don’t know about this and miss out. It’s inevitable. They see the price staying down and they think it’s dead again. Should be looking to buy again like a few months before next halvening or something
      Feb 16, 2021
    • This turned out to be accurate. Crashed to 48k and slowly creeping back up. Should 10x over the next 3 years
      Apr 29, 2021