...JJG
OK, I think we're almost done here for the moment.
In 2021 I had a larger investment in BTC, that's one big reason it worked out so well. Also, I knew more about how to play the game. This time, alas, I have a smaller amount, so will not clean up bigly unless there is a huge spike. But, it's all good.
Speaking of huge spikes, howzabout 1000x? "Bag" says could be, it's the network...:
https://bagholder.substack.com/p/monopolyOk. I have worn you out. no problema.
I don't really get that reliant on BTC UPpity.. even though I already have enough so I can pretty much spend it whenever, even though I have systems in place to spend fiat first, and then so yeah sometimes there can be questions about what to spend it on..and maybe even having too much fiat that needs to be spent first.. but still there can be balancing and also some stresses that come from outrageous downity periods. so there could be reluctance to spend any BTC during down periods and then running out of cash.. so any of us might still need to figure out ways to manage these kinds of balances.. and there could be ways to spend more money in order to run out more quickly too..
In terms of price, I think that it is quite difficult to know, because many of us (not sure if you fit in this camp) likely realize that BTC has a value that is right around at least 1,000x of gold, and BTC is currently about 1/10th to 1/12th lower in price than gold (referring to market cap).
So I kind of sense that getting to gold parity and even 10x higher than gold might not be very difficult, either this cycle or maybe 1-2 extra cycles,, but then getting from 10x gold until 1,000x gold, that could take 50 to 200 years... and in terms of the article, yes bitcoin is likely to be a 100x in the coming 1-3 cycles, but it also could end up in 1,000x from here in another couple cycles after that.. but who knows.. including that its upward potential is still more than 10,000x from here, and there could be some expansion of bitcoin's addressable market too in order to expand the addressable market.. but that is still also quite a bit further out into the future.
and yeah, most of us are looking in the next 1-4 cycles and maybe we might not even be living another 50 years, even some of the younger wipper snappers in these here parts might find it difficult to be attempting to plan 50 years down the road, even though some of them will likely still be alive.. and some of us will be gone prematurely too and perhaps believe that we might be able to make it another 50 years, and not be able to do it.. .. but does it really matter so much if we can make it 50 years because even if some of us might have a longer investment timeline, there might not be too many guys that want to plan to be investing 30 years or more. The guys are going to want to be transitioning to spending their coins rather than accumulating them, even the newest of coiners...and yeah some guys are already in the spending rather than holding stage.. so even a brand new bitcoin investor would like to short cut some of the time in order to be able to start to spend,.. so maybe in 15-20 years rather than 30-40 years.