Bitcoin is still early

[G]

That I should have bought it. I was told to buy Tesla and BTC. I failed to listen. Just my opinion. I've been wrong before as you can see. But if I'm wrong now, then I was right then?

Again, who knows? As I've shared many times before, I thought I was pretty slick when I made a 30% profit on AMZN...that was back when it was trading at double digits. I was also pretty smug when I sold GOOGL six months ago at an all-time high (a much higher all-time high today). If I had bought BTC back when I was told to, I would have absolutely sold it when it re-hit 20k.

Bottom line: Oh well!

[Panscan]

everyone saying musk is doing a pump and dump but 1.5 billion for him/tesla really isn't very much, would think that would be a bad idea

[burritos]

Again, who knows? As I've shared many times before, I thought I was pretty slick when I made a 30% profit on AMZN...that was back when it was trading at double digits. I was also pretty smug when I sold GOOGL six months ago at an all-time high (a much higher all-time high today). If I had bought BTC back when I was told to, I would have absolutely sold it when it re-hit 20k.

Bottom line: Oh well!

Yup regret and envy. Collectively propels humanity forward(whatever that really means). Gives a funny/bad taste at the individual level.

[Brains428]

Panscan -some are saying it's a distraction from a bad Tesla balance sheet and exploding batteries in China. Also, a potential way to extract money from the operations in China.

I don't really know. I guess if Apple gets in the game, I'll feel less squirrely about Elon's participation.

[NapoleanDynamite]

For those of you asking (yes there are a few of you)...I am not selling my BTC at this point.

First of all, watch this 1 hour video from last week. Michael Saylor is playing dumb here and interviewing Ross Stevens. It can really help put things in to perspective for you if you still haven't researched anything about Bitcoin. Think about what Ross Stevens says when he states there is another 25 Billion that will be pouring in to BTC in the near future (Tesla only put in 1.5 Billion).

https://www.youtube.com/watch?v=wA_fI-wUqnw

Since you all are also sharing bad trade stories, I will share my worst story. In 2013 I bought stock in Tesla. It was priced at about $85. I bought 400 shares. I sold the last of those shares off at about 340 dollars in 2018. I never bought back in. I made a nice profit and turned 30k into just over 100k. Unfortunately had I just bought and held, those 400 shares today (pre stock split) would now be worth about $1.7 million. The worst financial mistake I have ever made.

I strongly believe Bitcoin at 40K is the equivalent of Amazon at $400 dollars a few years ago. I still expect it to 10x and beyond over the next 1-10 years. I may sell some of my position off over the next year for a second ski/vacation home when it goes higher. Otherwise I plan to hold the majority of my position for quite a while still. I will keep you all updated if I change my mind.

In November, I titled this thread Bitcoin is still early. We are still early.

[CordMcNally]

Since you all are also sharing bad trade stories, I will share my worst story. In 2013 I bought stock in Tesla. It was priced at about $85. I bought 400 shares. I sold the last of those shares off at about 340 dollars in 2018. I never bought back in. I made a nice profit and turned 30k into just over 100k. Unfortunately had I just bought and held, those 400 shares today (pre stock split) would now be worth about $1.7 million. The worst financial mistake I have ever made.

Your worst trading story is about making $70k? And you also call a profit of $70k the worst financial mistake you've ever made?

These kind of anecdotes are why I think the bottom of multiple things are close to falling out. People have really lost touch with reality and the stock market over the last 10 years and especially over the last year.

[G]

For those of you asking (yes there are a few of you)...I am not selling my BTC at this point.

First of all, watch this 1 hour video from last week. Michael Saylor is playing dumb here and interviewing Ross Stevens. It can really help put things in to perspective for you if you still haven't researched anything about Bitcoin. Think about what Ross Stevens says when he states there is another 25 Billion that will be pouring in to BTC in the near future (Tesla only put in 1.5 Billion).

https://www.youtube.com/watch?v=wA_fI-wUqnw

Since you all are also sharing bad trade stories, I will share my worst story. In 2013 I bought stock in Tesla. It was priced at about $85. I bought 400 shares. I sold the last of those shares off at about 340 dollars in 2018. I never bought back in. I made a nice profit and turned 30k into just over 100k. Unfortunately had I just bought and held, those 400 shares today (pre stock split) would now be worth about $1.7 million. The worst financial mistake I have ever made.

I strongly believe Bitcoin at 40K is the equivalent of Amazon at $400 dollars a few years ago. I still expect it to 10x and beyond over the next 1-10 years. I may sell some of my position off over the next year for a second ski/vacation home when it goes higher. Otherwise I plan to hold the majority of my position for quite a while still. I will keep you all updated if I change my mind.

In November, I titled this thread Bitcoin is still early. We are still early.

Best wishes for your ski home!

I invested some play money into BrewDog...I'm hoping for a 5-10x in next few years, as well. Plus in the meantime I get a discount on beer. And I find it significantly more tasty than the blockchain.

[formerly_cn]

Your worst trading story is about making $70k? And you also call a profit of $70k the worst financial mistake you've ever made?

These kind of anecdotes are why I think the bottom of multiple things are close to falling out. People have really lost touch with reality and the stock market over the last 10 years and especially over the last year.

Do agree re: the stock market. Anything there is just randomly going up

1. Pharma company? No product, but look at the potential. Single day 100% gain.
2. Some random new technology (some battery company that has no product but is in R&D) hot off the SPAC. Up up and up
3. SPAC this SPAC that. To the future!
4. Yolo calls, RH style. Leeets go.
5. Stocks of microstrategy are skyrocketing because their book value is high now because the they now have rising BTC...the business is the same. Lets bid up the prices yo.

What is this?

[G]

Your worst trading story is about making $70k? And you also call a profit of $70k the worst financial mistake you've ever made?

These kind of anecdotes are why I think the bottom of multiple things are close to falling out. People have really lost touch with reality and the stock market over the last 10 years and especially over the last year.

To be fair, I think s/he is talking about the opportunity cost, not the 70k profit per se.

But your point is not missed. The techs in the ER yesterday were talking about their bitcoin trades.... (At least it wasn't GME.) Kinda makes me nervous, but I've been nervous for about ten years now and I'm not sure if I sound more like Ron Paul or Nouriel Roubini at this point.

[G]

Do agree re: the stock market. Anything there is just randomly going up

1. Pharma company? No product, but look at the potential. Single day 100% gain.
2. Some random new technology (some battery company that has no product but is in R&D) hot off the SPAC. Up up and up
3. SPAC this SPAC that. To the future!
4. Yolo calls, RH style. Leeets go.
5. Stocks of microstrategy are skyrocketing because their book value is high now because the they now have rising BTC...the business is the same. Lets bid up the prices yo.

What is this?

SPACs! It is like the .com days again! I am hungry for space stuff and those SPACs have done well. For sure, it feels like "[name of company here].com"....

[CordMcNally]

To be fair, I think s/he is talking about the opportunity cost, not the 70k profit per se.

But your point is not missed. The techs in the ER yesterday were talking about their bitcoin trades.... (At least it wasn't GME.) Kinda makes me nervous, but I've been nervous for about ten years now and I'm not sure if I sound more like Ron Paul or Nouriel Roubini at this point.

I get what you're saying but I'm going to start saying my worst financial mistake was only winning $10 on a Powerball ticket and not $500M.

[Panscan]

Your worst trading story is about making $70k? And you also call a profit of $70k the worst financial mistake you've ever made?

These kind of anecdotes are why I think the bottom of multiple things are close to falling out. People have really lost touch with reality and the stock market over the last 10 years and especially over the last year.

I have no idea which of you are right, it's just an interesting juxtaposition how one person thinks its gonna 10x and the other thinks its gonna fall out.

but agreed that everything in hindsight looks like a mistake. I wish I bought way more GME on sale and bought some calls. hindsight 20/20. There's a few radiology reports out there I wish I could change in hindsight unfortunately.

[CordMcNally]

I have no idea which of you are right, it's just an interesting juxtaposition how one person thinks its gonna 10x and the other thinks its gonna fall out.

but agreed that everything in hindsight looks like a mistake. I wish I bought way more GME on sale and bought some calls. hindsight 20/20. There's a few radiology reports out there I wish I could change in hindsight unfortunately.

I'm not necessarily saying Bitcoin is going to crash but it reminds me of the chart (I can't find it now) of the price of non-profitable tech companies over the last year and it's basically straight up. You've got fraud companies like NKLA whose stock somehow hasn't gone to zero. You've got a meme coin that is apparently worth actual money. Things are crazy.

[fatlittlepig]

BTC, Please drop so we can buy more.

[Panscan]

BTC, Please drop so we can buy more.

FLP behind bitcoin and options, who could have predicted this