Bitcoin Price Thread

Discussion in 'Crypto Assets' started by Magna, Nov 26, 2017.

  1. Ed48

    Ed48

    Most people have got better things to do with their time/life than gambling on the financial markets.

    If someone had started DCA'ing $10/month into SPY in 1990, they'd be sitting pretty comfortably now.

    Just the $1,200 they invested in the first year alone would now be worth $23k. Do the math!
     
  2. johnarb

    johnarb

    If someone bought US $30 worth of bitcoin in 2010, they would be a US $ billionaire right now

    no DCA needed, lump sum buy and hodl
     
    NoahA and SunTrader like this.
  3. wxytrader

    wxytrader

    $100 a month into SPY is a WOT....10k a month into SPY is a wot....SPY is a wot. :)

    Think about it...if SPY continues on its meandering pace upwards it would double in about 3-5 years...so if you invest 100k you double it in 3 years lets say. I could 2x that just in MSTY lol.
     
    Last edited: Jul 22, 2025 at 8:35 AM
  4. SunTrader

    SunTrader

    If ...
     
    johnarb likes this.
  5. Ed48

    Ed48

    The US stock market has a long enough history/track record, that you could be confident that starting DCA'ing monthly into SPY now would leave you comfortably off in 30 years time.

    In any case, what's the alternative for people with day jobs who don't want to spend their free time gambling on financial markets?
     
    nillionaire likes this.
  6. Ed48

    Ed48

    Assuming Bitcoin doesn't have another one of its 80% drawdowns.
     
  7. wxytrader

    wxytrader

    Yeah even better then lol...more compounding. :)
     
  8. Ed48

    Ed48

    Assuming Bitcoin goes back up.

    Or does this MSTY magic money out of thin air?
     
  9. you have called for an apocalyptic implosion since bitcoin was at 10k LOL
     
    johnarb likes this.
  10. wxytrader

    wxytrader

    I think you're confusing MSTY with MSTR...