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Comment by mavdi | Hacker News Reader

It's actually a great time to buy in. We've seen way worse than this in the past, and we have always recovered. I have buy orders at $6500.

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It’s been a great time to buy every day since the market peaked, according to experts.

I'm not an expert, but I'm still up 20,000% in USD. Once I start making a loss, I'll listen to what you have to say.

You were smart and lucky to buy in early. Most people did not and are already wiped out.

BTC was $8k around 20 Nov, so anybody who bought any time before that is massively up.

Still, I agree with the essence of your post.

You have been lucky, not smart.

Neither lucky nor smart. When the technology came out, I put the work in, studied it, realised the potential and invested what I could afford to lose in it.

Calling us lucky is very condescending, but I really don't mind it with my current bank account balance. Cheerio

A lot of technologies have potential but die out from a whole bunch of executional problems, you were lucky that Bitcoin didn't, just like any investor in high-risk investments is. There are no fundamentals to analyse Bitcoin and there were even less back in the beginning, you made a bet and got lucky, that's about it.

I'm glad your bank account balance is healthy but again, you just made a bet, don't try to sell like there was a proper analysis that was in any way close to a scientific method to go through.

Cheers, enjoy your money, I don't care about how much you have, don't be smug about it.

Bears make money. Bulls make money. Pigs get slaughtered. Best of luck to you.

Best time is when real asset value is higher than market valuation (cheap) - like when people rush to sell houses at any price to get out of loan spiral.

Now, what is the real value of BTC?

The real value of BTC is argued to be around $500K mark.

Better not to catch a falling knife. I wouldn't even consider a buy in until it hits some kind of floor and stays there for a while.

If you think there's a good reason for the future to look like the past then you are absolutely right.

It seems to be the case, like clockwork.

Previous drops of Bitcoin price were pretty random. Current drop is fueled by events such as governments passing, or at least considering, regulations that would make Bitcoin illegal. That's why this time it won't be so easy to bounce back.

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