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You supposed know say some people get plenty experience for this forum so them go just connect the topic to the board where you post am to understand wetin you dey talk even if them no read every every wey you write. Na you call the person Oga, meaning say him get the experience to connect the dots. This may not be easy for person wey never gather that kind of experience. I no dey talk say reading the entire post to get all the details dey bad, but you know say some of those Oga them get plenty things for their hand... them fit no get time read every every before them contribute.
Make we no forget say as our faces different, na so our habits different too. I know plenty people wey no like reading in general;e come be long post, them no follow you for that kind play. I also know people wey dey read very fast and like to read wella... na those people we dey call jacking machine for Uniport those good old days.
Nevertheless, I believe say we too go mature reach that level for this forum. Personally, I no dey too feel bad when them criticize me because I believe say I no dey perfect; so I try to draw the lesson from criticism. Therefore, make we dey push am small small dey learn wetin the forum dey offer and I believe say we go mature with time.
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This experiment at CERN have had different postulations to it. While some link it to UFOS, others do link it to whatever suit their narratives. Well, saying that a substance make up to 27% of the universe yet it is mysterious sounds a kind of weird. Well, we shall see where all these leads. Just like you said, maybe they might find out the fift force is Bitcoin  |
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I think that my above example (responding to Yaunfitda) kind of addresses these ideas and even similar scenarios... and you seem to even point out that the cost of property ownership might not be getting you as much "returns" as you might superficially believe them to be capable of.. including 2x in 10 years
Well, while I posited that property is also a good way to invest and this depend entire on choice, comfort and the level of knowledge, I never dispelled the risk and uncertainties. In other words, investment in properties has its own risk and the returns may not even guaranteed. As a matter of fact,there have been several cases of scam such as some bad elements selling same property to several buyers and disappearing, level them to face endless legal battle. A lot of people have lost all their savings to issues like this. Conversely, you can never see something like this with Bitcoin as one is entirely in control of his money. but I still think that bitcoin is a way better investment than property in the coming 10 years..
I completely agree with you that Bitcoin is better and more profitable. Bitcoin have been around for less than two decades and have experienced astronomical growth in value. With the events lined up for Bitcoin and the popularity it is enjoying, we will see huge and rapid growth in Bitcoin in the new future. |
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Personally, my journey to cryptocurrency was never without hard lessons. First, it was the difficulty in accessing FX to pay for services overseas that raised my curiosity for asking questions about alternative as a lot of things depended on me sending payments across borders. This was how Bitcoin was suggested and I began learning and using it. Then we were buying from third parties because of the Fx restrictions... and this exposed me to a lot of scam attempts. I fell for some and paid dearly but I never gave up because I had already seen the opportunity and beauty of Bitcoin. With time I was able to get some reliable merchant and that was when the journey became more interesting.
Good enough this technology have evolved and awareness have also increased leading to reduced scams but one still need to be smart and guide against greed. "If it seems too good to be true, it probably isn't "
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This is the time the faith of true believers will be tested...
And let us not be weary in buying and holding unto our Bitcoin: for in due season we shall reap, if we faint not.
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To the readers of the topic. In my humble opinion, diversification for plebs like us is a bad investment strategy. VERY bad in fact. Why? Because we don't have the same amount of capital as Warren Buffett to make it effective. If their $1 billion invested makes 20% in one year, that's $200,000,000. I believe that's more than enough especially if they outperformed the S&P 500 index.
Plus we don't need the hedge to reduce volatility because we are not asset managers who manage OTHER people's money. For us, we concentrate to one or two investments, if we want to truly make an amount of money that matters.
What is your take on investing in the physical sector like real estate? I know of my country where real estate is a huge business that gives massive return on investment. From the records available, the value of real estate here doubles every decade and it is reliable and transferable to heirs. This can be a good option to add to Bitcoin. I understand Bitcoin do give more than double with a decade and this trend does not look it will change soon. The bottom-line of our discussion is how to generate sustainable wealth so, I a kind of still support other business venture like real estate that can also be good investment opportunities. Besides, there is joy and self fulfillment you get when you see your physical asset. However, Bitcoin does not require so much technicality to venture into...the entire process of buying, storing and buying more can be learnt within a short period of time at one's convenient time and location. Unlike other ventures that requires so much processes like documentations, legal aspect and others; all of which have associated risks. |
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What I would do if I were to include bitcoin to the WILL of my offspring, is to purchase a hardware wallet, give it to the lawyer, and give my children access to the hardware wallet's password. My children should meet the lawyer whenever I am no longer alive because I will specify in the WILL how the bitcoin in the hardware wallet is to be shared
This is a great suggestion and seems feasible. But then, are there no chances that someone can bypass the password of the hardware wallet? If no, then I guess this is a great way to go about it. Well, it is actually very easy to do this on your own. You can put the secret passphrases and/or Private keys in a time capsule and bury or hide it in a place that only your family members will be able to find it. Then you leave clues to your treasure with someone you trust or a lawyer (break it up in 2 or 3 templates that can only work if all parts fit together) Once you are gone.... they can get the pieces together and solve the quest to find your coins. (The clues must be something that more than 3 people would be able to know about you) A lawyer only has one part of the template and the other people only their pieces... so they cannot do anything without the full treasure map.  This is feasible but leaves huge chances for compromise. In the course of unraveling the the puzzle, what is supposed to be a secret may end up not being a secret anymore because chances are there that some of the children might seek for help in some of the steps. All the same, the idea is good but I feel it need a little fine-tuning. |
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But for Bitcoin, I don't know how this can be done as it may require revealing the secrete codes of the wallets or storage device. Is there any other way this can be done?
If you want your heirs to have access to your bitcoin only after your death without you having to reveal your private keys (or seed phrase), you can follow the guide provided by LoyceV. Using Locktime for inheritance planning, backups or giftsThanks for sharing the link. I will have to study the process carefully as it look so technical. Maybe others can give alternatives suggestions or recommendations. You just said a will can be written, WILL contains everything you have, properties, money and so on, if money can be included why not Bitcoin? Anything can be WILL to your offspring.
You don't have to hide your involvement with Bitcoin from your children and wait till you are no more around before they know, teach them about Bitcoin while you are still here and pass them the Bitcoins you want them to have, there are ways you can get this done, I believe we have discussed something like this on this forum.
You have idea how a Bitcoin will can be written without adding the private keys? If no, who can you trust to have access to the wallet and not tamper with the funds? Lawyers can get this done, so is your spouse if you are scared of Death 😁😁
Death is inevitable and even though we are not afraid of it, you have to prepare for it 😁😁. |
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This thought have been bothering me for a while and I feel we can discuss it here. Many people that are building their Bitcoin portfolio are doing it to also save for the coming generation. However, how this wealth will be transferred to the heirs and the next generation and how this wealth will be preserved without being lost or causing problems still remain unclear. I understand for other tangible assets, a WILL can be written to be revealed when the time is right. But for Bitcoin, I don't know how this can be done as it may require revealing the secrete codes of the wallets or storage device. Is there any other way this can be done? My thought was captured in my comment in this thread but I felt to raise a topic for most discussion. In case this topic have been discussed, I will be glad to be pointed to the thread. |
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Fuck gold.
It is not a good idea to incorporate gold into your investment portfolio.. especially when we are here talking about bitcoin, and are we again going to getting into those nonsense gold versus bitcoin discussions when we are supposed to be talking about bitcoin - and surely there are other threads about that or if not other threads can be made.
Ok... let me bite a bit on this topic. Sure if you are used to gold, and you have some systems to actually interact with gold that you already know, then sure maybe get a bit of exposure to it. Otherwise, you should realize that bitcoin is in about the territory of 1,000x better than gold, so even if it takes 100 or 200 years for bitcoin to actually reach its fair/appropriate price in respects to gold, you should be able to pretty much recognize and appreciate the direction that the whole thing is going (when it comes to gold versus bitcoin and the fact that currently bitcoin is priced about 1/20th of the current market price of gold. which surely we can already see that bitcoin has been closing the gap and has closed the gap a lot over the past 10 years or so - and maybe the first few years of bitcoin's history might not count as much when it comes to having some kind of a monetary starting point), so in that regard, gold remains a BIG ass waste of time, energy and value (and in essence a distraction - and likely a way to help you in terms of your having fun staying poor) to be fucking around with gold - when there is bitcoin.
Another supporting point is that if you consider bitcoin to be a kind of hedge against the whole system in the context of history in which gold was serving that purpose, then bitcoin has largely taken that use case for gold and is about 1,000x better than gold in terms of its verifiability, divisibility, transportability, securability (and cost of security) and even scarcity.
Hahaha Jay what a coincidence, I also want to say fuck gold!! 2 days ago my wife told me that before getting married she collected 6 pieces of Antam gold which she repays every month but she forgot to keep them. 2 hours later the gold was found in a shabby wallet. I laugh how much it costs now? while showing my Bitcoin portfolio and saying this is a lesson for you, don't keep gold, rather sell the gold and put the money from the sale into Bitcoin, the results will show. If you lose gold, no one can return it, whereas Bitcoin can be returned if you hold the seed of recovery. The simple lesson of this short story made my wife follow the advice. This morning he went to the market to exchange his gold and handed me the money saying put it in Bitcoin!!!! There still are various learning curves to bitcoin including a variety of ways that any of us could end up losing our bitcoin in terms of losing our private keys or even believing that we own bitcoin when a third party is holding our keys.. and maybe some of the legal requirements around 3rd parties will change in the future, but right now, a lot of the rules around 3rd party custody include risks that the 3rd parties may well end up getting away with stealing, losing, mismanaging the bitcoin that people believe to have had been theirs. Also wallets have issues, and sometimes there may well be needs to change wallets or even vulnerabilties are discovered, and best practices are not even easy to learn and/or to follow, even for people who are active in bitcoin and relatively smart... and probably, we are going to find either a lot of people dying with their bitcoin or the instructions for heirs to be difficult to figure out.. and on the other hand, some of the leaving instructions for heirs can end up in coins being transferred to people who might not deserve them, but some of us might end up trusting too many heirs or the wrong heirs or even get a bit sloppy in an attempted inheritance process that results in undeserving people with our coins.. and I am not even claiming to know the solution or even to have ways that even smart people can end up getting tricked out of their coins, which could even cause more incentives for some people to choose to just die with their coins. This aspect of transferring Bitcoin holding to heirs and the next generation is full of uncertainties. Unfortunately, you never can tell what the heirs will do with the wealth and that scares me somehow because I will definitely leave Bitcoin for my children after teaching them about it from early stages of their lives. Another thing is that I am yet to figure out how Bitcoin portfolio can be captured in a WILL because this will mean revealing the secret codes of the wallets. So I feel the best approach will be to share ones portfolio among the heirs when they come of age and you are convinced they can manage the wealth well. I am open to learning other ways this can be done. |
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It seems to me that bitcoin is going to continue to eat gold's lunch, just as it has done in the past 10 years or more, so on an individual level you likely need to figure out how much to waste your time, energy and value to place it into gold... but whatever, each of us need to decide for ourselves the extent to which we might end up diluting our bitcoin investment into things like gold... I would suggest don't waste your time and money to invest any more than 10% of the value of your bitcoin investment into gold, but hey, you can do what you like.
Your observation is valid that Bitcoin can potentially replace Gold as a store of value gradually in the long run.. However, it is important to note that Gold has been considered as an important asset and hedge against fiat currencies since the dawn of human civilization. Furthermore, a significant potion of world population is unfamiliar with Bitcoin, but they know the value of Gold. In this context, it will take long time before Bitcoin can effectively replace Gold. Therefore, it is a good suggestion to incorporate Gold in our investment portfolio to certain extent, thereby achieving diversification benefits. This is one aspect I have been viewing this. We cannot completely dispel the fact that governments of nation will do their best to support gold given that they can control that only Bitcoin that is decentralized. So, politics will definitely play a part in all this. Remember how Chinese government decisions have affected the price of Bitcoin in the past. So, it will take time for Bitcoin to beat the popularity and mainstream acceptance of gold but I don't see the time as being too long. Howbeit, even if this happens, Bitcoin will still triumph given the ease of access, ownership,potential, security and many other advantages it hold for the generality of humanity.
Yep.. there are likely going to be ongoing battles on these grounds, but bitcoin remains superior in terms of the power of being able to possess and verify it relatively easy, and likely people are going to continuously have to learn lessons about holding their actual keys and avoiding getting rug pulled by people who either do not hold the bitcoin that they claim or that they are not being honest in terms of ability to access such coins (and in which circumstances, which is still likely going to continue to enforce ideas about the values in regards to who hold the keys and whether the key holders are actually honest players when they are supposed to be holding those keys on behalf of others.. and it seems that one the the best ways to test those who possess the keys, is to demand possession of the coins). No doubt, Bitcoin have a lot of advantages. The freedom it offers a lone is one unique feature that endears many to it. Another aspect is that Bitcoin have limited supply and this make it attractive to hold because scarcity will always create demand cum higher prices. |
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If you did not notice this: https://bitcointalk.org/index.php?topic=5462314.0Apparently, Adam Back bet 1mil sats (~$300 right now) that bitcoin would be at or above $100K on 0:00hr UTC time March 31, 2024 (initially); the bet was later later adjusted to 840000 block time. Is 300$ a challenging amount to bet??  Yes, $300 is a quite challenging amount for many people especially for the ones who belong to low wage areas. I consider myself among those people for whom $300 is quite a huge sum of money and for that much money I can work a whole month for someone. Some people always try to find many opportunities to earn money the right way and for them such amount really matters a lot my friend. I don't see $300 bet as worthy of making headline because it cannot affect the people involved. If you want to place a bet that will catch public attention, it should be something worthwhile. In other words, inasmuch as I know that $300 is a good some of money, for this case betting to prove a point, it is a serious joke. |
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On the aspect of Bitcoin and Gold, I think both will play a key role in the future. While the later have come of age, the former ia still young and will take some time to fully harness the potential.
It seems to me that bitcoin is going to continue to eat gold's lunch, just as it has done in the past 10 years or more, so on an individual level you likely need to figure out how much to waste your time, energy and value to place it into gold... but whatever, each of us need to decide for ourselves the extent to which we might end up diluting our bitcoin investment into things like gold... I would suggest don't waste your time and money to invest any more than 10% of the value of your bitcoin investment into gold, but hey, you can do what you like. I never bought Gold neither am I planning to buy now... Like you said, Bitcoin have proven to be a better option. In other words, I feel the era of Gold is gone unless maybe the BRICS nations are able to reinstate the Gold Standard era which I have seen many people pontificating about. Howbeit, even if this happens, Bitcoin will still triumph given the ease of access, ownership,potential, security and many other advantages it hold for the generality of humanity. |
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$35k in 5 days confirmed
 #Bitcoin LTF Update. Cross Confirmed. LFG! Source.$35k sure Enjoy @nutildah. Nice analysis. Elliot wave theory in action. Wave (i) took price from $24,500 to $30,000 and by the Wave theory, wave (iii) cannot be the shortest wave. Therefore, the expected wave (iii) will take price to $38k and if it is extended, we might see price hit the $45k region. Indeed, from technical standpoint, Bitcoin is read to experience massive growth in coming days. |
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[edited out]
Part of what I make out of your post in the other thread is that there are chances of Bitcoin moving from $50k to $1.88 million; How did you arrive at those numbers? Furthermore, even though I believe such is possible,I am still struggling to grasp the rationale for such huge growth and the time duration it is expected to be achieved. Nevertheless, if that happens, that means we would have seen Bitcoin fully sited in the mainstream as a legal tender and the use cases will just be indispensable. During the last cycle, in one of my posts from my investment thread, I had placed odds of 0.5%-ish for supra $1.5 million per bitcoin happening by the end of 2023.. or there are various ways to read that.. with probably even lesser odds, because there is a placement of odds upon the substantive prices and there is a placement of odds regarding how long it might take for whichever scenario to play out. So I figure that the odds are not any worse for this upcoming cycle, and we likely need to move the numbers up higher. There are a lot of ways to consider upward price potentialities of bitcoin, including considering that: 1) bitcoin is likely 1,000x better than gold, but it is ONLY about 1/20th gold's price. .. it could take 100 or 200 for bitcoin to reach fair market value in regards to gold (so at current inflationary considerations that would be $50 million bitcoin) 2) in the future, the total investable (addressable) market is likely to be more than $1 quadrillion (in today's dollars), and how much value is bitcoin going to take from that? That would also be $50 million per bitcoin if it takes all of that.. but yeah, maybe you believe that bitcoin ONLY can take a fraction or that... and for sure, it would take many years (perhaps 100 or more) for bitcoin to come close to capturing most of that $1 Quadrillion, if it is even able to do it.. You do not have to completely subscribe to these kinds of ideas in order to consider the possible ongoing upward price pressures on BTC that might not exactly cause explosive growth in short time periods (such as within a cycle), yet you can also consider that it could take several cycles to start to feel that those kinds of numbers are starting to seem to be more reachable. Your point is taken and projections well appreciated. While your projections are exciting and suiting to read, the path to their actualization are still not clear but then, they are opinion and hypothesis that are not cast in stones. On the aspect of Bitcoin and Gold, I think both will play a key role in the future. While the later have come of age, the former ia still young and will take some time to fully harness the potential. |
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HydroCIS is Nigeria and West Africa’s First Energy Information Platform. So they are more reliable to give information about converting from petrol generator to gas generator. We have a thread about a warning last week, but which we are not satisfied with because it gives just simple information that there should not be a leakage but which we all that are using gas (in the Kitchen) all know about. Nigerians have even prefer to use gas to cook in the kitchen. If you have a LinkedIn account, you can see the information HydroCIS shared which are about petrol to gas generator conversion. You can check this site to see the information also: https://nairametrics.com/2023/08/07/hydrocis-shares-what-nigerians-should-know-about-lpg-powered-generators/Key elements for conversion to LPG
According to HydroCIS, the key elements for generator conversions are:
High-quality cylinder regulator, which must have an excess flow shut-off valve.
High-quality safety relief which must be recertified every 5 years and replaced every 15 years. Note that all cylinder valves must have a safety relief.
High-quality cable ties that are used to secure gas hoses safely.
High-quality and high-pressure hose with no folds/cuts and must be replaced every 24 months. Note that water hoses are not suitable replacements for this.
High-quality dual fuel carburettor that is properly sized for generator capacity and has an easily accessible fuel selector switch/knob.
Jubilee clips that are the correct size for the diameter of the pressure hose should be replaced as required. Note that the user should discard it if it is bent or broken.
HydroCIS also stated that when in use, the generator should be positioned firmly on the ground and ensure that vibration during operation does not result in a change in the position of the generator. HydroCIS also talked about the benefits like cost effectiveness and easy maintenance and the steps to take after deciding to convert to LPG. Read more nairametrics or the infographics on LinkedIn. You will like the infographics. Thank you for sharing this useful information. This sound more profession than the article in the other thread. Here we can see the professional recommendations and validation that LPG is a good alternative unlike the other article I assume was just put up to discourage people from seeking for alternative. |
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Miss Orire Agbaje nah the 400l Economics student of Ibadan wey don gain employment under Tinubu regime as member of the Presidential Committee on Fiscal Policy and Tax Reforms and some people go dey wonder why she dey so special to gain such a favor. Here nah few reasons; 1- She get a strong interest in tax policy 2- President of the Nigerian Universities Tax Club Association of Accounting Technicians 3- One of the Nigerians selected for Nigeria Higher Education Foundation 4- She get passion for crunching numbers and that's the reason for studying Accounting/ Taxation. This na welcome development becos we presido don at least recognize the youths and she dey passionate about using her skills to making a difference using this Tax Reforms as a platform. Una feel say dis na over ambition for her side? Considering as nah just member and not chairman wey she be? how tax reform take come about The Mandate Them get the mandate to address the challenges faced by Nigerians in the areas of fiscal governance, tax reforms and growth facilitation. How una see dis appointment? Godfatherism get hand or she just get the right qualifications for the job? https://www.vanguardngr.com/2023/08/tinubu-appoints-400-level-ui-student-agbaje-as-member-of-tax-reforms-committee/She will help "widen the tax net..." I do not have problem with the appointment, but in a country where foreign companies are leaving, SME are closing and job losses happening at an alarming rate, taxation should not be the main focus of government rather the economy. If you fix the economy, create jobs and businesses for people, then it becomes easier to tax people and they will happily pay. If we continue like this, we might resort to the dark old days of government moving from village to village arresting people because of tax. Well, wetin concern a hungry man with tax! |
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On Binance, Nigerians are trading naira/crypto (CexP2P ) within themselves, not with foreign countries. I do not see how this would put pressure on naira. Assuming we trade with foreign people, this can decrease the foreign reserves. But as we trade within ourselves, I do not know how this will decrease the foreign reserves and put pressure on naira.
I see only SEC to be correct, but I do not know why they are focusing just only on Binance. There are many other exchanges that you can trade naira/crypto (CexP2P), not only on Binance exchange.
I dey feel say na the volume them dey look. Other people wey dey trade P2P no popular reach Binance na why I feel say them wan target the head. The part wey dey vex me well well na as them thinking say na Binance dey affect our Naira...Very confused set of people! Remember sometime in 2021 when CBN them also accuse Aboki FX of the same thing and that made Aboki FX to shutdown their operation, yet, e no stop Naira from failing like old woman breast. If you bend one side look this matter, you go see say na frustration dey worry these people...them no know wetin to do because "if e didn't dey, e didn't dey". So,I feel say them just dey look for who to blame because na blame game be their pattern. Abeg make them no use their reggae spoil our ogene o! |
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My people, e don happen o! Bureau De Change (the people wey dey incharge of forex aka foreign exchange) don dey tell federal government to ban Binance to save our Naira. This one shock me no be small. I don't know how Binance take dey make our Naira weak abi na Binance dey manage our economy. This one show say the people wey dey handle some of these agencies no even know the things wey fit affect our currency. I truly dey feel bad for this kind news. We all know say our government no gree create job for the youth, now cryptocurrency na one way youth take dey see food chop, if them ban Binance, imagine how many youths using P2P to see food wey go dey affected. Binance P2P been help wella even when CBN been dey worry people wey use cryptocurrency. Naija people were still able to exchange, do business overseas and this help plenty people make a living. This will be very painful if government come ban Binance for Nigeria because plenty people wey create account for Binance used their BVN or NIN to do KYC verification. So if government ban Binance, them no go get access to these portals and there are other ways them go mandate Binance not to allow Nigerians use their exchange as e suppose be. My people how una see this matter? For those wey wan read the news in detail, Peoples Gazette carry am. |
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I am still trying accumulate $20 Bitcoin in daily day trough price under $30,000, my planning until Bitcoin raise to $50,000 stop accumulate and take profit since one years spent few percent of my salary spending to invest in Bitcoin. In my environment have tradition with saving money called lottery club or "arisan" and each time of duration have more than 20 until 30 member, each member will get their fund in next ten days later which spending from 10$ until $20 in daily day and take more than one or two years duration for every one getting their saving fund. But I change my mindset than holding with fiat get potential inflation in the future, I try with accumulate Bitcoin and not stopping yet until bitcoin one day later back up above $50,000.
Its bitcoin still on the dip and as much possible accumulate and keep holding until one time selling our Bitcoin assets in the higher price,
This strategy is good;it shows you have a plan in place. The only thing I would have done differently would be not to sell all at $50k because there is very high chance that once Bitcoin reaches $50k, it will pass the ATH of around $69k with target around $100k. So you will be loosing decent amount of money selling at the price you planned. What you should do is to liquidate part base on your needs and leave the rest to run. I am still trying accumulate $20 Bitcoin in daily day trough price under $30,000, my planning until Bitcoin raise to $50,000 stop accumulate and take profit since one years spent few percent of my salary spending to invest in Bitcoin.
Regarding your plan to take profits at $50k, that surely seems short-sighted to me, and sure people can do whatever they like, even if they are likely selling too many BTC too soon, failing to understand and appreciate the value of having had spent a decent amount of time accumulating BTC, likely putting too much value in terms of the fiat price appreciation, and failing to consider a longer term investment time horizon that may well be 4-10 years or more into the future... and even 4 years is a pretty short period of time, but could be acceptable for some more elderly people or people who might otherwise be in phases in their lives in which they might not be able to accumulate and they are either in maintenance or liquidation stages of their lives. At the pace the world is going, fiat is seriously loosing value and at alarming rate. My country's currency was recently devalued and this lead to huge inflation and economic woe for a lot of people. Those who thought they were smart by saving for the future through fixed deposits have lost more than 60% of the value of their money even when there is gain in the quantity while those who bought Bitcoin are in huge profits already with the value of their investment tripled within same one year interval. The need for people to start shifting from fiat for something more reliable and sustainable like Bitcoin can never be over-emphasized. , and my suggestion in that post is that it is problematic for the hypothetical holders to be selling too much of their BTC too soon, and out of the 4 that I described, it seems to me that ONLY the 1st one was really in a position to be possibly selling some of his/her BTC stash, and sure of course, each person has to decide for himself/herself in regards to the extent that they believe selling BTC is a good idea for them, even if the BTC price may well end up surging in the short term, how are they going to know that they did not sell too much BTC too soon and screw up their own BTC accumulation strategies because there might be erroneous ideas that the BTC price is going to correct back down and it might not correct back down. Part of what I make out of your post in the other thread is that there are chances of Bitcoin moving from $50k to $1.88 million; How did you arrive at those numbers? Furthermore, even though I believe such is possible,I am still struggling to grasp the rationale for such huge growth and the time duration it is expected to be achieved. Nevertheless, if that happens, that means we would have seen Bitcoin fully sited in the mainstream as a legal tender and the use cases will just be indispensable. |
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