50K - Where are you Historically, those kinds of set-ups have not usually ended well for the coyote. Perhaps that's why notlambchops used to use wylie coyote for his bitcoin naysaying props, and maybe we would not want to be identifying our lil selfies with such wylie coyote in such circumstances.
Just saying.
Borrow money now
Sell it all in December
Enjoy the profit.
Gambling.
But what are the odds?
Surely not a certainty, but likely better than 50/50. Are the odds as high as 60/40? I wonder? perhaps? perhaps?
In recent years, I had been suggesting to invest in bitcoin with at least a 4-year time horizon, but of course, none of us would be limited in terms of having to have to HODL our bitcoin for the whole premeditated 4-year period, especially if we were to be in profits somewhere in between the buying and the 4-year anticipated investment timeline.
So, my main concern with a strategy that involves borrowing money to leverage your bitcoin as a short-term gamble rather than as an investment would be ability to pay the loan even if the BTC price neither moved in your favor or actually moved against you.
You would NOT want to be forced to sell your BTC at a time that is not of your own choosing, and especially as a loss, so I suppose at least there would be some kind of planB about what to do if the price were to move against you, do you still sell in those circumstances, or do you pay the loan back with other funds?
Bitcoin fixes this
Particularly if it goes above 100k this year.
I did not know that "we" had any kind of particular magical price target - especially for possible spot price tops within a particular timeframe.
Does that mean that we should be selling some BTC at $100k or taking some other kind of important milestone action(s)?
Does above $100k by this calendar year make peeps some how MOAR free with bitcoin that happens to be ONLY 2.07x more than they are right now? I am considering that 2.07x by the end of the year is hardly even for ants, no? And, why is there a schedule? Am I missing something?
I guess you are mostly over your earlier panicking about our $30k downity momentum from a few months ago, somac, yet I do understand that some of us may have bought BTC for prices below $500.. but let's take $500 as an example. If the BTC price were to go up 2.07x from $48.4k to $100k, then instead of being about 97x in profits, these particular BTC HODLer folks who have average BTC costs of $500 would be supra 200x in profits. Is that part of the point, and 97x versus supra 200x by this calendar year matters in terms of increasing freedom(s) for some of us?
Maybe I should have stuck with a $1k average costs as being a bit easier to calculate? then the profits go from about 48x to 100x, and that creates more freedoms?
#justasking.
I am going to blame you, Mpamaegbu.
Well, 😅😅😅 that delay is a major speculative design to shake off weak hands. Bitcoin is going up. It has no other choice not to at this point in time.
You are asking for it now, Mpamaegbu.
First: the price better be going up
Second: how far is it going?
Third: wen hookers, lambo and blow?