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View submission: Unrealistic volatility expectations
Just a year ago, the price was around $650. $650!
I don't even remember how/why I came across bitcoin in 2010. I mined it with my AMD GPU for two weeks before it died from being worked 24/7. Back then the 34 coins I got were worth less than cent each... being a broke student and kinda needing that GPU to use my computer for doing work(3D graphics) I was super excited to see the price spring up to $20 per coin, afaik it had never gone above a dollar back then I think? I didn't know anything about trading and wanted that new GPU so I sold the bulk of the coins.
Then a year later or so value was around $100 each, and I think it was during 2013 it peaked up to a grand. Much regret ha, I did a bit more research and decided I'd just hold what little I had kept. It burst like all the others and fell to around 300-600 and stayed roughly like that for a few years until 2017 and this insane increase happened again :|
I'm at a point where BTC seems to be fine at continuing this trend of going up, the duration between bubbles might be longer but it seems pretty safe to expect the investment to pay off longterm? That said I've not put any money into BTC, never really been in a position to do so.
There's nothing here!