You are living in a fantasy if you believe that $20k to $30k has anything beyond less than 0.1% odds of happening.
Of course I do not believe it will happen, it was just a maybe silly way to explain how I feel. Even if this close to zero chance of occurrence some how happened, to me Bitcoin is so valuable now that low chance drops can not bring me fear and extreme Bull runs will likely not give me thrills any more either. To me and presumably many of us here, this is now life.
It is also true that we have BIGGER and BIGGER players coming into bitcoin, so there seem to be greater efforts to control its price volatility, yet I have doubts in regards to how much capacity that BIGGER players have to control bitcoin and/or its prices.. but yeah, I am ongoingly willing to just observe rather than getting too caught up upon specifics regarding what might or might not happen even if there seems to remain a decently broad array of things that could end up happening - including but not limited to large changes in bitcoin's price, especially to the upside.
There is definitely such an effort playing out recently. I did feel a more stable Bitcoin even this Bullish year and I am not sure if it is the effort of bigger players or the significant influx of Money doing its thing. Or, maybe both. To me, what matters the most now is that we do not give up any of our hands before most of the big players announce they are already in and invested significant amounts of Money in Bitcoin. Not that it is a good idea to give up any of our hands at all, but to who ever has to sell this is not the time I would say.
The more players are in the Bitcoin game, I am guessing the more they will try to grow it. But before growing it, I can only guess they will try to keep Bitcoin lower until they set all their positions up. Billionaires have missed on Profits no other investment has made its sincere holders, which makes me wonder if any of them will try moving the Market to their advantage and in such ways that would recover them at least part of what they missed on. Although there is a risk out there that I am thinking of, which is big players entering the Market to doom it for a while later on and scare the weak out of Bitcoin before CBDCs launch. Which again would be bad AND good, weak Bitcoin hands are temporary anyway. But I see a large battle over destroying the peoples Trust in Bitcoin happening around the time CBDCs are going to be running.
Large entities controlling hundreds of thousands of Bitcoin is incredible and scary at the same time. If there was not a fight against Freedom, I would not even think of all the 'doomsday' scenarios but the closer we are to the Wealth Ledger a k a Digital Fiat, the more possible it seems to me that such things may happen.
Interestingly, even if any of the above happened I would watch it with full curiosity but not sell any of what I have. Even if the largest war for Censorship and against Privacy and Freedom played out, I would value Bitcoin over any other Asset any day. It comes with Freedom, it can be hurt but never killed, it surpasses inflation significantly, how can you not love and want it.
I have my doubts. In terms of percentages, we are ONLY 4x to 6x price differences from the 2017 top until current prices ($19,666 in 2017 and between $80k and $126k currently).
Jay, do not bring my hopes up like you always do. I want to contradict the others who said we do not get the thrills any more if the time for 1 Million comes!
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Just want to say this one little thing, I think most of us here don't necessarily need to hear it, but for those of us who might...
One of the biggest parts of the revolution of Bitcoin is your ability to be self-sovereign. You can safeguard your own wealth.
Freedom. Bitcoin brings a Freedom that we will increasingly lose in time. We are losing it quicker and the pace will particularly increase when dystopian Digital Fiat will come to fruition.
Every time a little bit of our Freedom is lost, Bitcoin is more valuable, becomes stronger and serves a bigger scope. If there was an attempt to seize any and all Bitcoin like they did with Gold, Bitcoin Wealth can be hidden in a way no other Asset can be. Not only this but you can still SPEND IT and RECEIVE IT with out even having to dig it out or bury it again. There are metal detectors that can detect Millions of Dollars worth of Precious Metals but there are no detectors to find a buried piece of paper containing a Billion Dollars worth of Bitcoin in a plastic capsule. This is insanity for any body who tries any evil thing.
I believe Bitcoin has delayed the release of CBDCs and has created a lot of fear around the evil people who want to control us, our Wealth, our thinking and our lives. Because Bitcoin is a revolution that can not be attacked so they are only left with two options. Suddenly turn evil completely and ban the Internet for each and every one of us, but this would turn all of us against them. Or, pretend you support it while trying to find ways to avoid people from entering Bitcoin and finding full Freedom. If they find Bitcoin and realize the Freedom it brings, then all of a sudden Digital Fiat does not make any sense any more.
This is why I believe ETFs and such are dangerous ways of 'holding Bitcoin'. Too many people are still holding their Bitcoin on Centralized Exchanges as well, which is really bad. If any evil plan has to come alive, they will be the first to suffer. But unfortunately, while self custody is preached over here by many, I doubt this many are actually practicing what they preach and I would bet a lot of them are holding their Bitcoin in dangerous ways.
Bitcoin will become more and more interesting in the coming years and I believe we have not seen its actual potential play out yet. There will come a time when Bitcoin will be needed by many people, and then All Time Highs and significant drops will not matter any more because people will be running after actual Freedom in despair.
Of course, there will be a lot of sheep too who will not and they will stick to the convenient Digital Fiat that will control their lives. But to each their own, I suppose.
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