Are we excited yet?

I have no problem discussing these matters but can we make a separate thread for it please? We are away off topic.

BTC is used extensively for ransomware, then sent through tumblers.

Tesla stopped using BTC because of an outcry from investors (mainly over the hypocrisy of using a climate unfriendly asset for a supposedly climate friendly electric vehicle) although there's suspicions Musk also had other motives.

Steam dropped BTC because it was too volatile and too hard to process returns. It's not just BTC, studies have shown that crypto as a whole is only used for less than 2% of payments.

Indeed it's mainly used as a "store of value", albeit a highly speculative one. Like penny stocks.

..

Clearly when near an all time high, nearly everyone with bitcoin will be in profit.

Yes, someone is buying at these prices so someone else is paying for that profit.

What's new there? That's a fact but you have to say, anyone buying at this level is taking a big punt so you couldn't really have any sympathy. Likewise people not selling at current level are taking the gamble forward so really no sympathy for anyone either buying or holding if they get burned from this point.

I include myself in that - holding a small amount of bitcoin that has doubled in value but hoping for more.

As mentioned a good few times in these threads, I sold a fair chunk of my portfolio in 2021. Mined Doge in 2014, have sold the majority of that. Learnt in 2017/2018 the number on the screen isn't worth anything until it's cashed out and taxes paid.

On a side note have been hunting "easy to understand what it is" low cap alts available for cash buys on Coinbase (or Revolut) to second-guess the herd IF there's a frenzy, e.g. NCT Polyswarm up 110% since yesterday, HOPR had a similar jump a few days ago. Super highly risky, but some of the gains are sticking, likely to plummet in the medium term, but always fun if one goes parabolic.

Usual disclaimer: low cap alts are a rabbit hole of insanity

All time high means all the holders are in profit as everyone bought at a lower price.

It was an amount I could affford to lose. I'm currently up about 4,600%.

Well if it wasn’t he is now a gazzillionaire

It was, but I have made more conventional investments that exceed that figure. Right when Buffet was warning of a recession at the start of the Covid pandemic and against the stock market as it was falling, I piled in.

His point is he didn't think I would have the where with all to make an investment on that scale.

Cmon, you are well aware that beeker came on here to throw a few digs and just got a few back

I always take profits where they exist and never listen to the diamond hands shite. Waste of time. The last big rush was a massive selling opportunity. If the candles are green and everything is parabolic and someone apes in, then they're already too late. I wait for the inevitable crash and DCA into things that I think might run in a year or two.

As for BTC, I'm lucky to be holding some from mining it way back at the start. I was even luckier to not have lost that original wallet as it was just a nerd project to see what it done, once I seen people were buying pizza with it I let it run for a while. Just before the 2013 run my mining rig kicked the bucket and I just so happened to hold onto the remaining working components, wallet intact.

I don't really know what the point of this post is. I feel like there's often people who just despise the Crypto market for a range of reasons, and in fairness, there are valid reasons. Then there are people who trade in the Crypto market and seem to view any kind of negative sentiment as an attack on their person. I would suspect this is due to the sheer volatility of the market. There are people who don't have a whole lot in life, who have (rightly or wrongly) put everything they've got into crypto in an attempt to improve their lot and this adds a massive amount of stress and anxiety in discussions. When you have posters coming in here and clearly stirring then there's going to be a response.

Don't listen to the influencers. Have a plan. Take profits. Don't get greedy.