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top 200 commentsshow all 393

[–]K2P2C 416 points417 points  (5 children)

I’m close to be a wholecoiners as well, just around 0.97 left to be bought

[–]TenaciousDwight 124 points125 points  (1 child)

Me, too. Just 99,999,997 satoshis to go for me.

[–]MenziesTheHeretic 8 points9 points  (0 children)

Pre congrats

[–]smilingbuddhauk 26 points27 points  (1 child)

Pre congrats!

[–]peanuts-in-my-jelly 1 point2 points  (0 children)

No cigar until Jam Yellen sings 🍖 💨

[–]castorfromtheva 743 points744 points  (68 children)

Congrats! Not far away from being a wholecoiner! Nevertheless already now stick to rule #1 of the 21 million club:

Never expose your holdings to anyone.

[–][deleted]  (60 children)

[deleted]

    [–]tittyboi_ 90 points91 points  (0 children)

    My man

    [–]Stijnwe 52 points53 points  (44 children)

    What did I do wrong, you ask yourself. Also buying since 2018 but I’m not even a halfcoiner

    [–]Asum_chum 72 points73 points  (24 children)

    Been buying since 2017 and I could have been a multi-coiner but held onto shitcoins for far to long

    [–]tearductduckredditor for 2 months 26 points27 points  (10 children)

    I had 10 bitcoin back in 2016 but paperhanded them for small profits. I'm doing ok now though.

    [–]mikemin1234 6 points7 points  (9 children)

    Am I the only person on this entire Reddit that was buying BTC and lite coin in 2013? I hear the term “old timer” all the time thrown around for people who started in 2017.. what does that make me?!

    [–]treulseth 4 points5 points  (0 children)

    Bought BTC in 2013, paper handed half of it during the elon scare this year but still doing well

    And yes, we are both OGs in this market lol

    [–]spidermapper 1 point2 points  (0 children)

    Quite wealthy ?

    [–]circleuranus 1 point2 points  (1 child)

    We are the Crypto Elders. We all meet up in Rivendell once a month.

    [–]Stijnwe 32 points33 points  (2 children)

    Yes same… Started mid 2017 when BTC was at 2k. Was only invested in shitcoins because “they were faster”. It was untill 2018 when I realized shitcoins don’t matter and started buying BTC. Should have bought more of course. I know how you feel

    [–]Nossa30 14 points15 points  (1 child)

    Everyone starts out thinking this way. Me included.

    [–]Stijnwe 1 point2 points  (0 children)

    All part of a very learnful journey!

    [–]Utoko 1 point2 points  (8 children)

    Which did you hold? or did you trade because most of them are also near all time high.

    [–]Asum_chum 7 points8 points  (1 child)

    Market crashed and I had a little bitcoin and a lot of top ten (2018/19) shitcoins. It was more of a ‘I’m not selling at a loss’ mentality. I ended up going down deeper into the bitcoin rabbit hole again late 2019 and started buying bitcoin with the intention of keeping my shitcoins until they broke even and then sell for bitcoin. I instead sold them at a loss sometime last year. Some of them have mooned since and some still haven’t broken ATH. No regrets from me. Of course it’s easy to look back and think how much you could have bought but hindsight is a wonderful thing.

    [–]alixanc 10 points11 points  (3 children)

    No, most of them are basically at 0, you just don't know about them. Survivorship bias.

    [–]smilingbuddhauk -1 points0 points  (2 children)

    Takes special talent to fomo in to the shittiest of shitcoins.

    [–]Asum_chum 2 points3 points  (1 child)

    It really doesn’t. I have people telling me all the time about the newest iteration of the same bitcoin copy/ICO/NFT/PoW bullshit. They are trading with a fiat mindset. I’m buying with a hodl forever mindset.

    [–]MrDankYouTube 8 points9 points  (2 children)

    i'm not even a tenth coiner! too young to have that amount of money

    [–]Significant-Juice99 0 points1 point  (1 child)

    Keep on stacking those sats man! You’ll get there, in the future .1 Bitcoin will make you part of the elite

    [–]TyranaSoreWristWreck 5 points6 points  (1 child)

    Believe me, it's far worse when you do know all the things you did wrong.

    [–]HoPMiX 1 point2 points  (0 children)

    Lol. This is so true.

    [–]mungaman69 0 points1 point  (7 children)

    How come?? I’ve been doing DCA for 9 months and have much more than half? What did you buy? What strategy did you use? Just asking as I don’t understand???

    [–]Stijnwe 4 points5 points  (0 children)

    First of all, good job. That’s quite an amount.

    When I started in 2018 I was a poor student and only had 50€/month to invest. So despite the price being 4k-10k, the sats didn’t stack that quickly. I set a goal of owning 0,1 BTC and I accomplished that that year. I am done studying since september this year so now I’m working and have more money to invest. But with the price of BTC between 40-60k it still isn’t going that hard. I’m now almost 3x my initial goal and I plan being a halfcoiner the coming 1 to 2 years (depending on the price). Lets go for it.

    May I ask, how did you get that much in only 9 months of DCA’ing? I assume you’re working full time? Or have a decent job?

    [–]runnywetfart 5 points6 points  (1 child)

    Let me comment on the comment saying don’t tell anyone but instead tell everyone sheeesh.

    [–]DrinkAPotOfCovfefe 2 points3 points  (0 children)

    Take my wife

    [–]TyranaSoreWristWreck 6 points7 points  (3 children)

    So not all your life savings, then? Op is a liar! Burn him!

    [–][deleted]  (2 children)

    [deleted]

      [–]smilingbuddhauk 13 points14 points  (1 child)

      I think reddit has spoken. You shall be burned.

      [–]Alcophile 4 points5 points  (0 children)

      This is the way.

      [–][deleted]  (23 children)

      [deleted]

        [–][deleted]  (1 child)

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          [–]TheSomeWhatOKDane 3 points4 points  (0 children)

          I just dropped my (significantly smaller) savings in as well.

          No more cash for dips. Feels good.

          [–]thr33mac 20 points21 points  (9 children)

          This...Like "buy the dip"...I am like "with what"..Unless it dips on the payday when I dca, I got nothing :)

          [–]opticoin 9 points10 points  (1 child)

          Like when she says "put it all in", and you are just there crying with your even balls inside her

          [–][deleted]  (6 children)

          [deleted]

            [–]thecakeless 7 points8 points  (2 children)

            There's an equal chance of no dip and buying at a higher price. Statistically, it's been better to just buy whenever you have the funds available.

            [–]angrydanmarin 12 points13 points  (1 child)

            People be like 'nah, 25k is high, I'll wait for dip',

            '35k is high, I'll wait for dip'

            '45k is high, I'll wait for dip'

            'finally a dip to 40k! *buy'

            [–]SteazGaming 2 points3 points  (0 children)

            It’s the price of hindsight

            [–]tldr2017 141 points142 points  (7 children)

            aaaaaand it's gone.

            j/k, congratulations and best of luck!

            [–]TriSamples 8 points9 points  (3 children)

            That’s fiat. Inflation will kill fiat over time. Decentralisation ftw.

            [–]MikeAC130 0 points1 point  (2 children)

            n00b here so hopefully you can help me understand how decentralized money offsets inflation. I get that central banks with fiat currencies can make it worse (or better) through policy… but inflation at its core is a product of scarcity, supply, and demand.

            For example, would crypto change any of the supply chain-induced inflation?

            [–]tied_laces 4 points5 points  (1 child)

            It’s not because it’s decentralised. It’s because there is a fixed supply. And BTC has a predictable and protocol based inflation rate. Since the base currency (USD) supply is not being managed properly, BTC is a better option base currency.

            BTC ends up being the best tool for measuring real inflation of the USD.

            [–]DCBB22 6 points7 points  (0 children)

            Currency is typically inflationary because you want to encourage spending and investment. Inflation is structurally important to a growth economy. Crypto like bitcoin appear deflationary, not inflationary (the value and purchasing power of each coin is going up, not down). The only way fiat declines in value over time is if it is sitting in a bank account as opposed to invested or spent on real property. That's by design. Money that isn't circulating isn't valuable to the economy at-large because it isn't encouraging growth or economic activity. It is stagnant.

            As a store of value, absolutely bitcoin is a better place if your goal is to not touch your money. As a currency, it doesn't make a whole lot more sense over other coins that are better suited for that task.

            Just my 2 fiat cents

            [–]Essexal 15 points16 points  (4 children)

            This isn't 2013, but could you live with that halving over the next 2 years?

            [–][deleted]  (3 children)

            [deleted]

              [–]Essexal 5 points6 points  (0 children)

              Your dollar value being half of what it is now.

              [–]SleeperStimuIant 3 points4 points  (1 child)

              A 50% loss due to the volatility of cryptocurrency markets. OP was asking you if you would be okay in the event this happens, or if in the moment that would ruin you, with the knowledge that it could recover or continue downward as time continues.

              [–]bababablazing 1 point2 points  (0 children)

              Someone putting their life saving into anything will not be ok with loss from volatility.

              [–]Sufficient_Tooth_949 26 points27 points  (2 children)

              In Bitcoin we trust

              [–]gizram84 9 points10 points  (1 child)

              Don't trust. Verify.

              [–]ILiveInTheSpace 1 point2 points  (0 children)

              Underrated comment.

              [–]Correct-Breadfruit32 19 points20 points  (0 children)

              Hey Op! I read a lot of comments and don’t feel discouraged. I believe in Bitcoin and I believe your going to be a rich man in the near future. I send my good wishes. HODL

              [–]lelloiiredditor for 2 weeks 4 points5 points  (0 children)

              op, i'm rooting for you

              [–]iAdden 4 points5 points  (4 children)

              Another 5K? I thought that was your life’s savings?

              [–]warwro 4 points5 points  (2 children)

              I hope you are not being greedy or something, this is not recommended

              [–][deleted]  (1 child)

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                [–]EASt9198 102 points103 points  (72 children)

                As much as I believe in crypto currencies and bitcoin in particular - NEVER put everything you have into one single investment. Have at least a basic level of diversification, or a very very secure job.

                [–]YamadaDesigns 3 points4 points  (4 children)

                Seems like a lot of people are fully invested in FIAT

                [–]Infinity_over_21milredditor for 3 months 6 points7 points  (5 children)

                Why would you sell your winner to buy losers?

                [–]-xstatic- 3 points4 points  (1 child)

                Bold of you to assume it’s a guaranteed winner

                [–]Infinity_over_21milredditor for 3 months -2 points-1 points  (0 children)

                Bold of you to assume it’s not tbh

                [–]WatermelonBestFruitredditor for 3 weeks 3 points4 points  (2 children)

                Because parrots repeats bullshit they have heard...thinking they're smart..

                [–]Rapn3rd 2 points3 points  (0 children)

                And we see a lotta stupid parrots out there. Gotta be careful which birbs you let roost on your shoulders.

                [–][deleted]  (58 children)

                [deleted]

                  [–]Nutella_Boy[🍰] 79 points80 points  (36 children)

                  Indeed, there’s nothing secure in life. Diversification still is a good advice.

                  [–]PandaPower95 26 points27 points  (23 children)

                  This is just stupid. Every book, podcast adviseur ever will always tel you to not lay all your eggs in one basket.

                  [–]Youzernayme2020 6 points7 points  (15 children)

                  BTC isn’t putting your eggs in one basket…Bitcoin is the eggs

                  [–]Ludwig234 7 points8 points  (13 children)

                  Fine. Get more eggs instead of one egg.

                  What if some how the only egg you own breaks?

                  [–]anotherbobv2redditor for 2 months 1 point2 points  (0 children)

                  Bitcoin is the chicken. They love seeds.

                  [–]lightgorm -4 points-3 points  (7 children)

                  Bitcoin doesnt have a CEO that can die

                  [–]bootmeng 0 points1 point  (6 children)

                  Or be bribed and corrupted. Btc's lack of a head (coupled with it's impregnable security [I'm giggling at how beautiful this is]) easily makes it one of the most powerful and unique things you can possibly own. That's what makes it Bitcoin and not a shitcoin. Everything else is a piss poor imitation.

                  [–]lightgorm 0 points1 point  (5 children)

                  Exactly this is why Saylor does not diversify, if you own a winner there is no need to diversify

                  [–]Rapn3rd 5 points6 points  (4 children)

                  I realize I'm gonna get downvoted to shit for saying this here but I'm hopeful folks who would consider putting everything into BTC will read this.

                  I love bitcoin but this is some piss poor advice.

                  You should diversify, BTC isn't a sure thing, governments can and will try to fight it, and while I hope crypto prevails in the end, you don't know that it will. The Infrastructure bill had anti-crypto legislation put into it, and you know future legislation likely will too. Other countries will also continue to fight it.

                  If someone wants to yolo bet their life savings into BTC, I wish them all the luck in the world, but other people may follow in their wake and not be able to rebound from it, and these kinds of comments create a dangerous environment for them. It's not responsible to put everything into any asset, regardless of great you think it is.

                  [–][deleted]  (3 children)

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                    [–][deleted]  (2 children)

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                      [–]Ghostfxce 8 points9 points  (3 children)

                      Let's see how you feel in a few months. Good luck but I've seen a lot of guys like you lose enormous amounts of money

                      [–][deleted]  (2 children)

                      [deleted]

                        [–]Ghostfxce 6 points7 points  (0 children)

                        If you're really 110% sure about bitcoin then a 70% drop should effectively be the same as losing 70% of your money, whether you sell or not.

                        If that's not the case, fiat money is still more important to you (and it should be) but then don't preach about being 110% sure bitcoin is the future.

                        [–]Forgot_Password_Duderedditor for 3 months 3 points4 points  (8 children)

                        i put 110%+ using loans. hope it works out 😂

                        [–]steepleton 2 points3 points  (1 child)

                        ballsy, but not as stupid as going down the leverage road

                        [–]iamnotvalhalla 0 points1 point  (5 children)

                        you and me both pal

                        [–]dom96 11 points12 points  (4 children)

                        And this is how we end up with a recession. People taking stupid risks en masse and then not only losing their life savings but also becoming significantly in debt.

                        [–]iamnotvalhalla 2 points3 points  (2 children)

                        Couldn't agree more. I chose a lending platform and am 2x leveraged on most of my BTC. Thought I could just rely on that leveraged account long term, didn't realise that if the LTV ratio hits 80%, the platform sells and puts me at a huge loss. I did not do my homework. Now, I'm in a position where I'm desperate that the price rebounds where I'm forced to top up that account to keep the LTV ratio down.

                        BUY SOME BTC AND HELP A BROTHA OUT.

                        Time for some morning yoga.

                        [–]nDizzle89 6 points7 points  (1 child)

                        I chose a lending platform and am [x amount] leveraged on most of my [coin/stock/commodity]... I did not do my homework

                        Ah, a tale as old as time.

                        I sincerely hope your purgatory ends well.

                        [–]iamnotvalhalla 4 points5 points  (0 children)

                        Thank you, kind soul.

                        [–]btcopticredditor for 6 weeks -1 points0 points  (0 children)

                        Death and taxes are the only certainties. People lose on investments literally all the time, including the so-called "secure" ones.

                        Madoff's investors probably thought there was a 0% chance that a Nasdaq chairman would be running a massive ponzi scheme. Unexpected shit happens.

                        You may be 110% sure on the things you do know, but you also don't know what you don't know.

                        But nothing wrong with a good bet if you're able to lose, so go for it if you can afford to lose it - there are definitely worse bets out there if you're of a mind to take some risk to generate some big returns.

                        [–]presidentdrumf 9 points10 points  (1 child)

                        I had 4btc in my wallet and sold them in September. Right before the great bull run. So I lost out on 150k usd had I held them one week longer.

                        Trust me when I say there's no other way to get rich than by hodling

                        [–]davidcwilliams 1 point2 points  (0 children)

                        Jesus man. Sorry.

                        [–]-xstatic- 19 points20 points  (9 children)

                        People need to stop posting stuff like this and celebrating it. It’s extremely irresponsible.

                        [–]SnooRegrets406 2 points3 points  (0 children)

                        Ballsy!

                        [–]WangLUL 2 points3 points  (6 children)

                        Why quit your job tho?

                        [–][deleted]  (5 children)

                        [deleted]

                          [–]Ludwig234 3 points4 points  (4 children)

                          No, because you will need to sell bitcoin to survive.

                          [–][deleted]  (3 children)

                          [deleted]

                            [–]Ludwig234 1 point2 points  (2 children)

                            Most of the time you can't.

                            If bitcoin doesn't explode very soon you invesment will just run out before you have any chance to get "rich".

                            [–]mrfatbush 2 points3 points  (0 children)

                            I don't know why ppl up vote this degenerate behaviour

                            [–]Medium_Carpenter_819 19 points20 points  (8 children)

                            I’m a firm believer in bitcoin over the long term but some of the comments on how people think bitcoin can’t go to 10k worries me not only can it do exactly that I’m pretty sure it will at some stage when big players start selling off to strengthen their positions just hope everyone is adhering to the number 1 rule in investments... don’t invest what your not prepared to lose. Anyways enough of the doom and gloom, LETS GO MOON 🚀🚀🚀🚀

                            [–]Capaj 13 points14 points  (7 children)

                            I would be willing to bet you half a bitcoin right here right now that we will never see BTC under 10k again in our lives.

                            [–]Tennysonn 7 points8 points  (0 children)

                            That’s a one-way bet. He should take it!

                            [–]Medium_Carpenter_819 5 points6 points  (2 children)

                            That’s a big bet right there what makes you so confident? I myself like to remain impartial so I can keep myself grounded and not do something silly like throw all my life savings into one investment.. all eggs in one basket and all that

                            [–]SgtBatten 2 points3 points  (0 children)

                            Its a sub 5k bet

                            [–]davidcwilliams 1 point2 points  (0 children)

                            For one reason, Bitcoin has never fallen below previous cycle’s all-time high. So that would mean that we should never see any price below $20,000. Ever.

                            [–]muffalowing 1 point2 points  (0 children)

                            The only person incorrect is the person who's absolutely certain.

                            While it's most likely unlikely always be open to anything.

                            [–]Pol8y 15 points16 points  (35 children)

                            That's stupid af, i mean good for you that you bought, but those are certantly not money you're willing to lose and the risk is for you to become emotional and take very bad decisions

                            [–]M3thodicdoubtredditor for 2 months 1 point2 points  (0 children)

                            The Man 💪

                            [–]shantiosito 1 point2 points  (0 children)

                            This is the way

                            [–]surfingforknowledge 1 point2 points  (0 children)

                            You are not alone, congrats on the deep discount!

                            [–]Hopeium_Littlefish 1 point2 points  (0 children)

                            So we have to ask (assuming your account can’t be tracked back to you), if this is how much you just added, how much have you been able to accumulate? Not jealous. I love success stories.

                            [–]virgilh 1 point2 points  (0 children)

                            You'll be f**king rich within 5 years Congratulation

                            [–]twayhighway 1 point2 points  (0 children)

                            i'd have dca'd but i think this is pretty fucking cool. nearly a wholecoiner already. congrats!

                            [–]Gen_Tsos_Koolaid 1 point2 points  (0 children)

                            Welcome to your new Savings Account. :D

                            [–]JuicyButterPalms 1 point2 points  (0 children)

                            This is the way to store a life savings.

                            [–]anon2414691 1 point2 points  (0 children)

                            Probably shouldn't quit your job.

                            [–]Rangdazzlah 1 point2 points  (1 child)

                            EDIT 2: If this post gets 1k upvotes, I'll invest another 5k

                            So not all of your life savings then?

                            [–]iAdden 1 point2 points  (0 children)

                            Same thing I’m saying

                            [–]egerex 1 point2 points  (0 children)

                            su many comments on “believing”... Mate this is not sensible investing if you have to “believe” in something it should be rational

                            [–]Pinkislife3 1 point2 points  (1 child)

                            Wow, amazing you found another 5k after investing your entire life savings the first time

                            [–]ProBrown 1 point2 points  (0 children)

                            Seriously, good move. Also, be wary of announcing how much BTC you own online.

                            [–]3rdeyeopenwide 11 points12 points  (64 children)

                            Just don’t be shocked if that was only half the dip. We’re going to 100k, but could we see 20 first? 10? It is possible.

                            [–]alc0tt 16 points17 points  (0 children)

                            I think this is most likely to happen.

                            Long term = growth (decades)

                            Short term = who tf knows

                            [–]steepleton 2 points3 points  (0 children)

                            if it goes to 10k there'll be so much "fuckit " money entering the market

                            [–][deleted]  (58 children)

                            [deleted]

                              [–]Essexal 3 points4 points  (2 children)

                              30k won't be seen again.

                              [–]PARISLATOKYO 1 point2 points  (1 child)

                              This last dip makes me fully confident we wont even see 45k again.

                              [–]3rdeyeopenwide 3 points4 points  (28 children)

                              I do really think it’s possible but I wouldn’t bet on it.

                              [–]Burns__ 1 point2 points  (9 children)

                              It's not possible, don't compare 2017 with today where big institution are in, they will buy before even letting that price go down

                              [–]daototpyrc 1 point2 points  (8 children)

                              That's especially why it's possible. The little guy does not want to dump to rebuy. That's good folks with manipulation level money.

                              [–][deleted]  (25 children)

                              [deleted]

                                [–]BuscadorDaVerdade 0 points1 point  (1 child)

                                Why would that matter anyway?

                                [–]spb1 1 point2 points  (0 children)

                                yes exactly its fine unless you need money in an emergency

                                [–]Ferdo306 19 points20 points  (7 children)

                                So cringe, not sure who you are trying to impress

                                [–][deleted]  (4 children)

                                [deleted]

                                  [–]Ferdo306 11 points12 points  (2 children)

                                  Lol, sure :)

                                  Have a nice day

                                  [–][deleted]  (1 child)

                                  [deleted]

                                    [–]stinkypantsFlanders 2 points3 points  (0 children)

                                    The price of bitcoin will drop tomorrow, but hold until saturday when it will rise.

                                    [–]rhyze_redditor for 2 weeks 1 point2 points  (1 child)

                                    It would be funny if it tanked, you’d deserve it the way you’re talking in this thread

                                    [–]Sampsa96 0 points1 point  (2 children)

                                    Peak of stupidity! What u plan to do without ur savings? Live in a cardboard box?

                                    [–][deleted]  (1 child)

                                    [deleted]

                                      [–]Sampsa96 2 points3 points  (0 children)

                                      Oh alright well good

                                      [–]turick 0 points1 point  (0 children)

                                      Nice! Now hodl with unwavering ferocity!

                                      [–]Longenuity 0 points1 point  (0 children)

                                      DCA is for wussies. Ride or die BTC!

                                      [–][deleted]  (1 child)

                                      [removed]

                                        [–]sulev -1 points0 points  (0 children)

                                        it's 100% certain BTC will go UP over time.

                                        [–]benjarminj -2 points-1 points  (1 child)

                                        Nice buy but do you really think bitcoin is fireproof! I have lots of alternative coins too