Me being all in on bitcoin since 2015.
The world: why are you so dumb and irresponsible?
Me: check the scoreboard and the salt yourself that question. 
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Replies (43)
😮💨
The salt yourself??? You really fucked me on this forever typo iOS
imo we’re overdue for a +1,300% year 😂
Only appropriate to ask the salt miners this question
Sometimes going full retard is the best play 😂
I’m new to Damus and only dabbled in crypto a little over the years. So far I believe in the promise of both. Why was ‘22 such a rough year for bitcoin?
I think a more accurate comparison would be over the last 5 years
I tried it but it didn't answer my question.
And you can delete posts in Iris.
i feel like its too late for me
Because scams like FTX and many others rehypothecated bitcoin. Fortunately they are out of business now.
Used to be a career risk not to allocate to your portfolio. Is a career risk now if you don't.
Crypto is noise, follow the signal.
I'd start with adding Bitcoin Audible to your pods, and diving in. Perhaps the recents Basics_## episodes would be great ones to start with.
Fountain
Bitcoin Audible • Listen on Fountain
The Best in Bitcoin made Audible.
Guy Swann makes the knowledge of Bitcoin, the world's most secure, independent money, accessible to everyone. Exp...
Just getting started 🤙🤙🤙
It’s not, you’re too early
🧂🧂
Me class of 21!
Class of '17 🤘🏻
2013 here homie
Everyone thought that. The reality is that we’re all still incredibly early.
2014…
Is it Too Late to Get Involved in Bitcoin?
Is it still possible to make millions from bitcoin, or has that boat sailed?
FTX took a billion dollars of customer funds that they spent on bitcoin and FTX never actually bought the bitcoin.
I realized I misunderstood your question. In 2021, bitcoin probably would have scaled greater heights if FTX had actually purchased the bitcoin, but your question was about 2022.
The reality is that bitcoin has a four year cycle because of “the halving”. 1.5 years of a bull market and 2.5 of a bear market. In the bull market, people go crazy trying to get rich and they borrow a lot of money to buy bitcoin.
Inevitably, these gamblers get their loans liquidated and this causes mass selling all at once, driving down the price. This happens every cycle. The long term bitcoiners don’t panic when this happens and buy more on the way down, if they can.
You can see these drops in history here. This is bitcoin’s price since 2009 shown on a log scale.
Look at the drops… 2012, 2014, 2018, 2021. The good news? The bull cycle is just starting. Don’t get greedy and don’t try to time the market. Just hold for the long-term (your retirement). 
There is no second best.
Even over the last five it’s still the dominate asset class
It was close. Then salt yourself is a great way to say get seasoned. Grow up. Think. etc. one of those “ there is no equivalent translation” sayings. IDK. Made me laugh.
there are two general paths when encountering bitcoin...
-humility and hodl
-denial and bds
Are we talkin balls deep here?
It’s not too late even if you started 100 years from now.
Everyone feels like they’re late to #Bitcoin, no matter when they got in. The best time to start is right now.
I think people vastly underestimate how valuable “minimum wage” is going to be when we’re much closer to a #Bitcoin standard.
I appreciate your answer(ing). I am in it for the long haul, I guess I’m still new enough to it that I am monitoring the short term too tightly. I know each coin is almost it’s own market, but have I noticed accurately that as the space’s elder many of the other coins seem to parallel bitcoins cycles?
Also, the last time someone told me it was too late for them to start was in 2017 😂
They often do, but I’m expecting a divergence this cycle. The financial industry is setting up to come into bitcoin in a significant way with new ETFs (eg BlackRock) and institutional exchanges (EDX). The alt coins will likely be suppressed from the attack on Coinbase and Binance. So basically bitcoin should outperform.
I went down the ETH rabbit hole for many years until I realized that all roads lead to bitcoin. I focus exclusively on bitcoin now and I just use it as savings. I never trade. Just buy and hold for retirement.
I’ve done the ‘learning rewards’ thing but have been skittish with throwing usd at it because of its volatility
Understandable.
It usually takes a full cycle (four years) to get more comfortable.
I recommend putting in a small amount and learning how to take self-custody. Along the way, you’ll dig deeper into the system and realize the path is volatile but the direction is higher because the whole world has to fight over a fixed amount.
If you have any questions about the system or software, don’t hesitate to ask!
Salt yourself I’m about to smoke you like a brisket
Exsalty
It’s definitely not too late to be early.
Salty 🧂
Ty
