Thats what I would wish and need... so no, don't think it will happen. Anyway, I will hodl and wish I am wrong.
In fact I have realised that I need to accumulate more Bitcoins to reach my target without that much wishful thinking about delusional moon prices (ie: $160.000)
I understand that I am repeating myself (probably bears repeating, until I am blue in the face... hahahahahahaha)
, but I don't really understand how any person who is continuously investing in BTC and attempting to accumulate by dollar cost averaging and buying on dips would need to have $10k, $20k, $50k or $160k in order to really feel good about investing into BTC. We are at $3,400-ish BTC prices, as I type, so if you are buying now, then getting to $7k is a doubling of value for whatever you buy now.
I do understand that if people either bought a lot of coins above $10k or they have screwed up in various ways that causes their investment to have averages of quite above $10k with a decent amount of BTC to make such calculations, then it is going to take quite a bit longer (and a need for higher prices) to get those folks into the green rather than red.
I also understand another feeling of a need to generate enough passive income in order to be able to rely on such passive income in order to not have to work again, ever (except voluntarily) - often referred to as "fuck you money," and of course that can be a decent goal for anyone, whether a 14 year old snot nose that does not really deserve it, or someone who is older and would like to get out to the rat race, and there are a lot of variants of such people - even though I would expect that some of us might have gotten spoiled from BTC's past performance and even the past performance of other cryptos, and even though there are decent chances that BTC is going to have great performances, again in the future, we cannot count on such, either psychologically or financially.
So sometimes, the case might be overstated about what is "needed" because it is not too likely that wealth can be built in a quick time, even if there are decent strategies that might provide opportunities for such luck.
Yes, my target is (a modest) "fuck you" money, what else?
I am not "continually" buying. Ie: My last fiat deposit was around July/August 2017. The little increase in btc count since then has been exclusively by trading. Also, while I did start buying in 2013 (and never sold any... except for trading) the amounts I used then were not that much significant. Play money in all senses.
During the bear market I hodled it all but not bought more (except for a single purchase around may 2014 when I though the trend was going to reverse). I only resumed buying again at the last months of 2015 (when I was completely sure the trend was reversing) until july/august 2017.
We are now near the price of my last deposit, so it makes sense I continue with my accumulation using new fiat inputs but, of course, I try to maximise my probabilities of buying at the best price as much as I can.
I have always been extremely conservative in my investments and I can't change that.
I am obviously happy with my Bitcoin investment.
All of the above doesn't change my point that any plan which requires some ridiculously high price to work out has an extremely high probability of failure. Ie: if someone thinks that Bitcoin is someday gonna cost $1 million and then he only needs a couple Bitcoins is probably going to end very frustrated. Similarly with $160000, $100000 or maybe even $50000.
So my conclusion is... yes, Bitcoin is probably going to be worth much more than now in the future but, instead of thinking the price rise alone will get you to moon, it is easier to try increment your stash up to the point you only need a "reasonable" price increase to reach your "moon".
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