The weekly “BTC is dead” circle jerk again with 1k+ upvotes lol. Anyway, I’m pretty sure that from some point in the future, this will actually become true and r/Bitcoin will become awfully quiet… nobody knows when though.
Effective_Key5276 on
Past performance does not imply future returns. The fact that it has been declared “dead” before and came back up before, does not guarantee that it will go back up. Conversely, the fact that it seems like it’s going down now, does not mean it will keep on going down and it could very well stabilize or go up.
The movement of Bitcoin is completely random, and any attempts to predict the future are futile.
CriticalCobraz on
Bitcoin is dead, long live Bitcoin !!!1
brainfreeze3 on
bitcoiners will never escape the you could have bought early 2010’s mentality
Kemilio on
But this time is different.
Im actually going all in, so I fully expect it to go to 0.
OrangeCrack on
Breaking News: r/CryptoCurrency says now is the best time to buy bitcoin, same as every other day of the week
ElectricalAd844 on
If I got 1 dollar for every time someone posted this here, I would have $66M
NoReIevancy on
I’ll buy some when it hits 15k again
Puntas13 on
Not dead, just stupid.
Clever_Khajit on
I don’t think bitcoin is dead, but most altcoins definitely are
sspiegel on
declared dead by whom?
also, this doesn’t break out the exponential decrease in returns over time. Of course if you had put $100 5 years ago, the returns would be very high today, how much more can it go up by now even if there was a rebound?
GeneralComposer5885 on
3 bull cycles and they think the loop will never change.
Problem is, we’re running out of greater fools..
Zigxy on
This chart needs a “misleading” label
Over $58 million of those gains come from one single hundred dollar investment on October 15th 2010. That’s when the Economist article “Why Bitcoin Can’t Be a Currency” came out.
The vast majority of the gains from these hundred dollar investments are from those very early days.
partymsl on
Just 467? Those are rookie numbers…
JohnRCC on
Bitcoin *is* dead
(I named my dog Bitcoin)
Merlin1039 on
That $100 from the beginning of the chart is doing all the heavy lifting. Nothing the last 10 years moved the needle
Reiszecke on
That would be $46,000 in investments, not really an easy entry. And most of that $66m figure is probably from the first 300 dollars.
dtg99 on
The difference between buying BTC after it was declared “dead” 10 years ago vs now is clearly night and day. This idea that BTC has the same upside as it did in the past is laughable. You can still make money buying into fear/peak bear market but the days of it being able to 100x are long gone.
GimpyPlayerOne on
It dies every time it dips. Most bitcoin holders are drama queens tbh.
Sidivan on
I don’t think we’ve seen the bottom, but I sold at $68k and bought back in at $62k, so at least I saved some downside.
IrregularSweetRoll on
I knew what Bitcoin was back in 2014, but thought it was a scam. Lucky me
Wendals87 on
Of course if you bought at a lower price and sold high you’d make profit
If you bought it a few months ago , you’d be at a pretty big loss
GPThought on
buying every time someone declares btc dead is basically just dca with extra drama. solid strategy
Toyake on
Oh fuck yeah give me that “bro if you bought in 2010” copium. Definitely a good sign of strength and adoption.
25 Comments
Still waiting for it to dip more.
The weekly “BTC is dead” circle jerk again with 1k+ upvotes lol. Anyway, I’m pretty sure that from some point in the future, this will actually become true and r/Bitcoin will become awfully quiet… nobody knows when though.
Past performance does not imply future returns. The fact that it has been declared “dead” before and came back up before, does not guarantee that it will go back up. Conversely, the fact that it seems like it’s going down now, does not mean it will keep on going down and it could very well stabilize or go up.
The movement of Bitcoin is completely random, and any attempts to predict the future are futile.
Bitcoin is dead, long live Bitcoin !!!1
bitcoiners will never escape the you could have bought early 2010’s mentality
But this time is different.
Im actually going all in, so I fully expect it to go to 0.
Breaking News: r/CryptoCurrency says now is the best time to buy bitcoin, same as every other day of the week
If I got 1 dollar for every time someone posted this here, I would have $66M
I’ll buy some when it hits 15k again
Not dead, just stupid.
I don’t think bitcoin is dead, but most altcoins definitely are
declared dead by whom?
also, this doesn’t break out the exponential decrease in returns over time. Of course if you had put $100 5 years ago, the returns would be very high today, how much more can it go up by now even if there was a rebound?
3 bull cycles and they think the loop will never change.
Problem is, we’re running out of greater fools..
This chart needs a “misleading” label
Over $58 million of those gains come from one single hundred dollar investment on October 15th 2010. That’s when the Economist article “Why Bitcoin Can’t Be a Currency” came out.
The vast majority of the gains from these hundred dollar investments are from those very early days.
Just 467? Those are rookie numbers…
Bitcoin *is* dead
(I named my dog Bitcoin)
That $100 from the beginning of the chart is doing all the heavy lifting. Nothing the last 10 years moved the needle
That would be $46,000 in investments, not really an easy entry. And most of that $66m figure is probably from the first 300 dollars.
The difference between buying BTC after it was declared “dead” 10 years ago vs now is clearly night and day. This idea that BTC has the same upside as it did in the past is laughable. You can still make money buying into fear/peak bear market but the days of it being able to 100x are long gone.
It dies every time it dips. Most bitcoin holders are drama queens tbh.
I don’t think we’ve seen the bottom, but I sold at $68k and bought back in at $62k, so at least I saved some downside.
I knew what Bitcoin was back in 2014, but thought it was a scam. Lucky me
Of course if you bought at a lower price and sold high you’d make profit
If you bought it a few months ago , you’d be at a pretty big loss
buying every time someone declares btc dead is basically just dca with extra drama. solid strategy
Oh fuck yeah give me that “bro if you bought in 2010” copium. Definitely a good sign of strength and adoption.