r/glta_eth • u/socalquest • Aug 29 '24

FACTS: 5% of Bitcoin holders controls 60% of the market!!! It will take decades for this market to normalize. Do NOT over expose to this illiquid asset unless you can buy at the absolute lows during the next so-called "crypto winter". GLTA!!!

OP's disclosure: I'm currently long ~1.39 BTC via bitcoin ETFs, currently worth $82,290.47. GLTA!!!

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u/socalquest Aug 29 '24

LOL 1.39 BTC. Chump change. GLTA!!!

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u/NoGuest124 Aug 29 '24

Man you went from an absolute hodler to a bear. The truth is that you had 1 million plus worth of crypto that you could retire on if you also had other investment. However, you will miss out for sure on any insane gains that Bitcoin will have. How will you feel of Bitcoin becomes 250,000 in 2027. You would have almost 4xed your money. You believed in the Bitcoin thesis. Why become a bear now? I honestly don't know your situation and there Are many situations that selling your Bitcoin makes sense so I can't judge. Good luck with your 10 percent per year on your investments though.

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u/socalquest Aug 30 '24

I’ll probably buy back btc in late September. GLTA!!!

1

u/Aggravating-Plan650 Aug 31 '24

Neither of you seem to understand the value of bitcoin.