Plus that’s some seriously classic goalpost moving. Each time the price drops further shift the buy in a date a few months to the left. Yes people who bought in two years ago (basically a tiny fraction of the people who bought in after) are now break even. Classic success.
The S&P has returned 14% since August 2017.
And if they did, they likely bought petty amounts.
Most people bought before. We believe that there may be an alternative to government currency in a rare number.
I didnt lose 90% of my wealth.
I actually got an extra 0.6 BTC since Jan 2017. I consider that an increase.
They bought huge quantities, multiplication tells us that. And anecdota of people taking out massive loans because they couldn’t lose.
Most bought in the cumulative run up from mid to end of 2017, again, charts. [1]
You lost 90% of your buying power.
[1] https://data.bitcoinity.org/markets/volume/5y/USD?c=e&t=b&vu...
Loved your analysis in this thread, thanks.