I'll give you a timeline from my first bitcoins.
November, 2015 My first 2 coins cost 200 bucks each. My idea back then was only money I could afford to lose. And my plan was not to even look at any coins until 2025. Don't worry about the price or whatever. If it works out, fine, if it becomes worthless, it won't kill me. Up until 2017, all the coins cost under one thousand.
December 2017, bitcoin hit 19k all time high.
March 2020 bit drops to about 6k I remember.
November 2021, its been going parabolic to 69k all time high
November 2022 it falls to 16k
Bitcoin's low right now is near its all time high in 2017. How cool is that?
You can see why I am not even tripping. I used to have some altcoins. I took my profits on all of them. Some were a nice little lick. Dash went from 40 bucks to like a G. But the only non bitcoin I have is Ethereum. I had Solana, Avalanche, and several others but sold them after they went up and I'll never buy them again. Why? Because, 90 percent of those alt coins never come back to its old high. The only coins that seem to always do well are bitcoin and etherum. Do other coins do very well and go up higher than those 2? Sure, but its a huge risk. You can't really know. Bitcoin has always delivered when it comes to price. If you have bitcoin for any 3 year period, you will see an all time high at some point. Etherum to a lesser extent. Plus a lot of coins are based on Ethereum so its always going to be relevant.
Your anger suggests to me that you didn't get into crypto heavy until the last year or two. Absolutely nothing wrong with that. But being that if it is, means you are riding that emotional roller coaster because it takes these wild dips. 69k to 16k is tough to take but from my view, from my experience in it, its an opportunity.
My guess is that this price will be looked back as a bargain. 100k is a given for me. Yeah, it could go to zero but I see 100k bitcoin happening with a lot of confidence saying that. When? No idea. If I had to guess? 2025 or prior. The 1 percent are buying it now and they don't lose.
Do what ever strategy you want. I DCA (dollar cost average) every month. And also buy chunks when I have the funds. When I buy doesn't matter if its going to always hit a new high every 3-4 years. I won't debate your strategy against mine. You do you, I'll do me. I am not only not tripping, I'm doing the Birdman hand rub right now EVEN IF IT KEEPS DROPPING. 10k might be its basement price....maybe but I say that with no basis. Just my gut.
One thing that I will do in the future though and its something I have analyzed the last 2 drops. When ever it hits a new high, and it goes parabolic. If it falls 15 percent, I sell and put it into a stablecoin that mimics the US dollar. When it drops that much, it keeps dropping to at least 50 percent off its high I've found. I was >>>this close <<< to selling when it fell back to 56k after going to 69k. And my boy who got me in it said not to chance it. He was using logic. But had I would have been able to buy back the same coins plus a helluva lot more at today's prices. Next time I'm gonna do it. And if it keeps going up, it won't matter I'll still have a bag. And jus twait fo the next dip because it ALWAYS drops below its high. It's now at its November 2017 high.
