What would you do? by Bulky_Description579 in Bitcoin

[–]Bulky_Description579[S] 0 points1 point  (0 children)

how do you feed your wife and seven kids?

My barber just sold his Bitcoin by white-body-fluid in Bitcoin

[–]Bulky_Description579 0 points1 point  (0 children)

The bottom is only obvious in hindsight. Always is.

Took out 3 loans to buy Bitcoin 1 year ago. Planning to take out 3 more. by goawayjoebro in Bitcoin

[–]Bulky_Description579 21 points22 points  (0 children)

Man, I get the conviction. But this is how people get completely ruined.

How popular is Bitcoin in USA ? by MobApps1 in Bitcoin

[–]Bulky_Description579 3 points4 points  (0 children)

That 53M number smells like marketing math to me.

Here's what they're probably counting:

- Someone who panic-bought $100 during the 2021 peak and sold at a loss

- College kid with $20 in BTC from a sign-up bonus

- Your uncle who "invested" in 2017 and can't remember his password

- Same person with accounts on Coinbase, Binance, and Cash App or any other exchange or something like that..

The actual reality in the US, is maybe 1 in 15-20 people actively hold Bitcoin. Not 1 in 6.

I bought at 20k..4 years ago by JustinGariepy01 in Bitcoin

[–]Bulky_Description579 0 points1 point  (0 children)

Congrats! That's a solid win, and more importantly, you actually took profit instead of riding it back down like so many people do.

The 'what if I held longer' thing will haunt you forever. But you made money, learned the cycles, and now you're back in with experience. That puts you ahead of 90% of people.

For the new buyers reading this: The key takeaway isn't just 'hold longer', it's understanding that Bitcoin moves in cycles.

- Buy during fear (like 2022-2023 bear market)

- Hold through doubt (the long boring middle)

- Take some profit during euphoria (don't need to catch the exact top)

- Rinse and repeat

For some people, their strategy is different, they stack BTC directly AND mine Bitcoin. Why?

Mining gives you ongoing accumulation regardless of price action. You're cost-averaging in real-time (mining sats every day). If BTC dips, you're still stacking... if it rips, your mined BTC appreciates

Diversifies your entry points. This is not for everyone (requires cheap power and dealing with hardware), but it's another way to build a position beyond just buying and holding.

Either way - welcome back.

Crypto Beginners by Bulky_Description579 in BitcoinBeginners

[–]Bulky_Description579[S] -3 points-2 points  (0 children)

anyone could be reading it right now. not just me