Since Day 1 - Bitcoin was worth 1000+ Bitcoins to 1 USD. Yesterday it took $59,000 USD to buy 1 Bitcoin.

It's had a few sharp downs. It's had a few long plateaus of a year or so.

But - from the perspective of yesterday going back a few months - it certainly seemed to only go up.

If the S&P was up over 59,000,000x in 12 years, people would say the S&P only goes up... I mean, they already say "stonks only go up".

Yes it's being going up overall (a lot), but even if you just look at a chart of the last 12 months, it hasn't dipped more now than it did a few times last year - I can see why some people think it's going to keep going up for a long time, and others the opposite, but I can't see why anyone would think "great it's always going up" until now and be scared by a relatively minor dip down here.

My point exactly

"past performance... future returns"

The S&P keeps going up because if it went down the fed would lower interest rates until it started going up again.

> since day 1.

I seem to remember that back then it was more "When you're down so low, the only way is up".

I should have grabbed a few score of those BTC for pocket change, but did not bother. Yeah, I know.

Someday, in the future:

Child: Parent, parent, where does our generational wealth come from?

Parent: Well you see my child, back in 2012, I didn't buy a pizza...

Yea, my hind-sight portfolio is really kicking ass.

The advice I remember was: “If it’s low, buy. If it’s high, buy.”