I bought my first AAPL stock at ~$40 a share the first time, which I believe was about a year before their previous stock split. If I'd held it continuously I'd have 8x as many shares and a basis of $5 a share, which would mean I'd have 25x as much money as I started with.
But my portfolio would be unbalanced as hell, and I would have missed out on a lot of run-ups for WWDC and such. So I sold some, did profit taking on the rest, and occasionally bought back in, not always at the best times. So instead I have about 5x as many shares, and my basis is more like $45 a share, but now with some dividends on top, which is nice. If anything, my portfolio still has too much AAPL in it (I sold about 10% a few weeks ago)
By the time you see a thread on Bitcoin going up 10% this week, you have failed to secure a position.
I've made some decent cash by shifting some money into Bitcoin on a Monday and cashing out my positions by Friday during these rallies to the tune of 30-70% profits but it's not for the faint of heart.
All of this is gambling, not some rational modeling of how the bitcoin price will move.
I'm glad that it has worked out for you.
Bitcoin's price is irrelevant if you're planning on using it as a deflation countering method but if you're looking at pricing, you're basically gambling on you not being the bigger fool.
How does bitcoin function as a "deflation countering method"?
Whether it's a pizza that later on is worth billions, or a car or something else. Your bitcoin is worth something, and is just another method of payment.
Wouldn't that make it a hedge against inflation?
Many people in this thread on the wrong side of the Dunning-Kruger curve.
I keep trying to tell him that if he'd tell me tomorrow's lottery numbers we'd be much better off but alas I think he's a lost cause.