Lark Davis shared: In 5 years it won’t matter if you bought #bitcoin at 69k, 50k, 33k, or whatever the price is right now.

Community Response: Bitcoin:  Eyeing 40.7k hard, the telegram and I have been waiting for this push.  Retested the trend line, and a nice spring off the daily support it.  Redlines were newly established supports I noticed on the low timeframes.

Why do people say this? If bitcoin is 1 million in 5 years it’s a big difference if you have 1,2, or 3 million dollars. That is such a silly statement.

If you buy at 33k bitcoin you have more than double the amount as if buying at 69k. I would much rather have 2. BTC than 1.

In 5 years it won’t matter if you bought Cardano at .10, 1.00, 3.00, or whatever the price is right now. We are building.

Dip overnight? With talk of the Kiev attack overnight, it seems highly likely this is the calm before the storm.

Exactly. I bought Bitcoin at near ATHs to hedge against inflation. Suck it 7%.

I’ve never seen someone post so much bullish content about buying bitcoin “now” only to have it continue to downtrend for months on end. At what point do you tell people to wait for solid r:r buys with incremental DCA?

He’s a moon boy. You choose your strategy.

When it costs 40k dollars for 1 Bitcoin you won’t care if it was trading at 11,200 or 11,800 today. Only that you accumulated and bought on the dips as you could afford.

Cause it’s at 5 dollars or 500k dollars.

In 5 years, it won’t matter if you bought Bitcoin at 100, 3000, 20000, 69000, or whatever the price is right now. Except it does.

It does because the purchase price difference will be 10x too.

What happens if you bought a lot at 260 Lark?

It matters a lot when it reaches 1M count the difference in profit on each buying price given by you.

No one can predict what will happen next second.

Problem is, I need it in a few months.

I wouldn’t invest in Crypto if I would expect a return in a few months.  I strongly believe this too. And, it’s not because I’ve bought many ATHs because I’ve bought dips too.

You will be rewarded because of all the uncertainties at the moment. If 90% of the world are convinced, this would not be the price and there will be no gain left for you.

Yeah, when it goes to 0, doesn’t matter even if you bought it for under $1.

Exactly, this is why strategies like DCA work, because you are working now, for the future. Coins like ELON and ADA that are currently undervalued will be held and remembered.

Based on ROI, of course.  It matters what price you buy.

It matters Bigtime if you have bought 1 BTC at 69k or 2 BTC at 33K.

It does and I agree with you. But for most people, the difference will be between 1 BTC and 0 BTC! The more people are convinced of the value the less unrealized gain will be left for you.

Only people who got in a lot lower say this to convince people to buy more BTC.

I believe this.  Too many people who are wealthy and in traditional investments hate bitcoin. No one likes change.

Buy it is every day, dollar cost average. It’s all a discount no matter the price.

I don’t understand why some people would think like that – 10K in at 30K is 0.3bTC but only 0.144 at 69K. Of course, it matters.

It will very much matter. In 5 years bitcoin will be less than 100k still. Even if not 33k is 2x less than 69k.

No your buy-in price on any investment is very important – this could mean many multipliers of a difference.

Whenever a situation of war arises in any country, you have to leave your country? Then your country’s currency is not to be used for survival, only cryptocurrency can help you to live in another country think now you know, why public blockchain cryptocurrency is important.

What if all the governments that are of the current global order decide that proof of work cryptocurrency is banned? Bitcoin will have less and less reward attached to it and mining might occur in space so maybe just FUD for the next 100 years.