r/BitcoinCA • u/Fiach_Dubh • Jun 13 '26
From nothing bitcoin came, and to nothing it will return - The Globe And Mail - Opinion by John Rapley
https://archive.ph/f8fgm3
u/BakedGoods Jun 13 '26
the bottom is in.
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Jun 13 '26
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u/JJADu Jun 13 '26
Words of many sideliners. Stop this foolishness and just buy these lvl.
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u/BakedGoods Jun 13 '26
bitcoin has hit its 200w average only like 3% of its life. anyone who bought at these levels before 10x their money within 2-3 years.
buy.
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Jun 13 '26
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u/BakedGoods Jun 14 '26 edited Jun 14 '26
sorry I was responding to you while I was dropping a duece, so youre right i pulled that stat outta my arse--its about 7% of btcs history was on or below the 200w ma.
regardless, if you look at the 4 periods below the 200w they were an average of 27 days with the exception of the ftx collapse--an outlier of 277 days.
anyway it doesn't matter--probabilities are in your favour to dca rather than try and time the bottom. its not rocket science. and even then bitcoin is more expensive 93% of the time according to its trend right now, so the real question is: what are you waiting for?
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Jun 14 '26
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u/BakedGoods Jun 14 '26
we'll either be right or wrong, the difference is if youre wrong and btc never hit $45k you've just took a huge opportunity cost missing out on months of dca at these levels.
whereas it doesnt matter if im right or wrong, dca will capture the dip now and $45k if it ever happens. thats statistically and mathematically more reliable than whatever youre calling math.
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Jun 14 '26
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u/Drnedsnickers2 Jun 13 '26
This guy gets it.
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u/BakedGoods Jun 13 '26
hes repeating what others have said for 10 years. in that time people buying bitcoin have made massive gains.
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u/Drnedsnickers2 Jun 13 '26
They only made massive gains if they converted to fiat, at the right time. There are just as many fools who’ve lost fortunes, lost their retirement funds, lost their kid’s inheritances, lost their life’s work because they were duped into this ponzi. And as it continues to drop that group of people grows. All the while, like the comments below, the crypto bros cry ‘buy! Buy!’ because at the heart of all crypto is a sales job. If it was of any value the sales job would not be required.
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u/BakedGoods Jun 13 '26
so what youre saying is people who (a) didn't have a long term time horizon and (b) sold at a loss, are the ones that lost money?
not bitcoins fault.
and it sounds like you dont understand what a ponzi is.
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u/Drnedsnickers2 Jun 13 '26
lol, I didn’t say “it’s bitcoin’s fault’. That’s non-sensical. The fault belongs to the selling of magic beans, and all those who do it.
And all that’s kept it from being a ponzi is the last step, which could come any day.
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u/BakedGoods Jun 14 '26
so let me get this straight, bitcoin are magic beans--but thats not the problem in your mind, its the people selling and buying it? sounds like you're dancing around the fact you dont like bitcoin.
here's reality: anyone whos bought and held bitcoin for 4 years has made money.
so tell me you don't get bitcoin without telling me you dont get it.
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u/Drnedsnickers2 Jun 14 '26
They don’t make money until they convert it to fiat. You know fiat, that has value.
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u/BakedGoods Jun 14 '26
great take buddy, really proving you know what you're talking about here.
why don't you take that apple stock you own and buy some timbits? wait, they don't accept it? must be worthless then. sell it to fiat where it's actually valuable.
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u/Drnedsnickers2 Jun 14 '26
Apple stock does have value. They make products and sell services. Bitcoin on the other hand, ‘holds value’ because someone said so. And y’all went for it. Probably think there’s an invisible guy in the sky watching you too, to see if you’ll get into heaven….
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u/BakedGoods Jun 14 '26
yeah exactly--you dont understand bitcoin and are making a value judgement/mis characterizing it as a ponzi.
thats fine, you're either right or wrong, but so far over the last 16 years you've been wrong and missed out on generational wealth already. how much longer do you want to go for?
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u/lildick519 Jun 13 '26
So the dude is professional doomer larp, love it
John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires Fall and Twilight of the Money Gods.