TID Board Of Directors
- Nov 24, 2011
That is pretty cool. I remember the early days, and I was in later than you. The idea of how you could acquire. The ship had sailed on GPU mining by the time I got involved, so my 'in' was mining script based coins. Really crazy looking back at it and why I did it. I took about 10k and built mining rigs. At the time I had no work and no source of income. It was quite the risk, but I just went with my gut.Easy to criticize BTC, when you were probably one of the millions that were late to the party. You think its worth Zero? lol.. I had BTC before most even knew what it was. I bought my first coins on the dark web, when BTC was under $100 for one. They were actually tough to get. No one wanted to sell you any. The few that did, you had to buy with a green dot money card. Say BTC was $75 for one. They would charge you $100 for one.
Is all my money in Crypto? Hell no.. Some I am waiting for an even bigger payday. I recently bought LUNA again just for the hell of it. Why not? Pennies on the dollar. I do like physical assets like gold/silver. Bought gold many years ago when it was $6-700 ounce. Just done near tripled my money, and I am still buying it. I even have crypto backed by gold..
Not sure if you're being sarcastic or not, but Trezor is one the best wallets out there to store crypto. There are others I like, but best ones are the ones you have offline.
Then it all went to crap. I put everything on a thumb drive and said 'oh well'. Then in 2017, my buddy called me and asked me if I still had the coins. Turns out I now had a lambo (The joke about everyone wants to buy a lambo with crypto). Didnt sell and have never sold. Life is crazy sometimes. But starting in 2020, I believed enough in it that I started accumulating more DCA. Starting at 6, 8, 9 12, 13 14. I stopped buying at 14 because I got nervous. Then I have bought at 58, and have since bought at 42 and 38 respectively a few weeks back.
I dont get emotional about it. Again, this is a risk that I am well aware of.
I feel short term we may see lower lows. But the 25k may have been bottom. Could possibly have wanted the 21k of the MicroStragetery margin call, but that might take a lot of pressure to hit that leverage call and they have more than enough to cover. One thing about this market, is it is still being manipulated to wipe out short positions. The big money and large wallest are the ones buying all the dips. So I tend to follow the money. All big money is doing all it can to buy at these levels.
If you were a BTC whale with billions of liquid at your disposal. More than you could spend in any one life. If you believed it was worth nothing, I think they would punch out. Not be buying more at every chance.