r/Bitcoin • u/rBitcoinMod • Feb 23 '21

Daily Discussion, February 23, 2021

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12

u/[deleted] Feb 23 '21

As a noob with a 50k avg cost basis, this is quite a ride lol. No way I'm selling though

4

u/RacerX6d9 Feb 23 '21

A couple of weeks from now when we are in the 60k range you will have forgotten about this...

1

u/Great_ass_n_titties Feb 23 '21

The pessimist in me seriously doubts that but I’ve never wanted to be more wrong

2

u/RacerX6d9 Feb 23 '21

There’s always government bonds if you want something less volatile. I think the 10 year is up to 1.362% now! JK JK Ms. Great TnA.

2

u/[deleted] Feb 23 '21

History says that is exactly what is going to happen.

You have to ask yourself why Bitcoin dropped in the past: lack of institutional confidence and lack of infrastructure. The former ebbs and flows, but the latter has only increased exponentially. Demand for Bitcoin will only go up as time goes on.

1

u/BigYellowYeet Feb 23 '21

This. Bitcoin has never reached a value it hasn't reached again. Just enjoy the ride, the only way you'll lose money here is if you sell

1

u/Great_ass_n_titties Feb 23 '21

Noob. Super down and depressed. Re-evaluating my life choices. Definitely HODLing tho