Its not confidence in alts, its confidence in whales my friend. When btc take a break, they can earn money with alts, x10 in btc is harder than x40 in alts.
We are old, we know it
Indeed, but there comes a point where it's an emperor's new clothes situation. A two billion dollar Dash is just about convincing enough to the mugs on exchanges without needing to actually achieve anything.
Ten or twenty billion dollars does kind of need a little bit of a reason to justify itself or you wind up with everyone thinking 'hang on' and then it all collapses. Maybe I'm now a man out of time but I don't see how much further you can take pure hot air.
I"m in this long term. I am .how should I say this? Boring as heck.....thus no real reason to pull any of my HODL BTC out ....
I SUSPECT what will happen is ...or could......BTC could hit 10k on the segwit2+2mb fork hype...and whatever the outcome (likely a draw)
the price would rapidly go back 1/3
However, I have no skills on guessing such stuff..thus I HODL..if I had been guessing such stuff I'd have sold at at about 4.5k and be crying right now
so...let BTC have its fun in the sun and go up and adjust
imho, AN ATH WILL ALWAYS BE EXCEEDED AS LONG AS BTC (or a stock of a company say) EXISTS....IT MAY TAKE 2 MONTHS TO BEAT THE ATH OR 10 YEARS
BUT CONTINUED EXISTANCE AND ADOPTION OF BITCOIN (or say the company product or stock) INTO THE FUTURE...EVEN WITH INFLATION ASSURES THE ATH WILL BE BEAT! (again imho)
so, if we get ADOPTION IN MASS, all is well...if not ...well, they say in life you are supposed to plant a tree, write a book, make a fortune/lose a fortune....well
all I need to do now is write a book....(likely a diary of tears if this all goes tulips) ah well, just think of the great nursing home stories I can tell in the commons.....
30 years from now! (eventually if lucky, we all end up there with a toothbrush, ratty robe and slippers....stories will be the currency of choice in the nursing home
and BTC is a doozy..no matter how if fans out)
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