Buy the DIP, and HODL!

[Stablexcoin]

I disagree with that statement even if you have tried to clear some air about it. Ill prefer to say that "Only those who take the time to study and grasp knowledge on Bitcoin can invest and HODL". The more you know about it, the more comfortable you get when you invest in it. The aspect of knowing that Bitcoin is suitable for long-term investment is very important. Only in this process of holding, we can discover the true value of Bitcoin.

Trying to take time to study and have all knowledge about Bitcoin doesn't guarantee that such person can be able to invest and hodl for long, it is when you have prepared for Bitcoin investment that you can be able to invest and HODL, after having some basic guild about Bitcoin investment and your mind is made up and money is there to invest you can invest and HODL for long because your mind is already made up to invest into Bitcoin even when the market dip you won't panic instead keep on accumulating because your mind is made up also for a long time purpose, if there is a good source of income and you have made your discretionary income and emergency fund available with your mind made up you can actually invest and HODL Bitcoin for long, because there are people who have study Bitcoin as you Said who may not be able to invest and HODL due to no enough finance and their hasn't been made up.

What do you really think i meant taking time to learn about Bitcoin? Literally i don't mean you have to take long like a month or two to learn about Bitcoin before you can start investing. Moreover we can start our investment when we have the basic knowledge. I don't expect someone who knows thing about securing their Bitcoin or buying from CEX and transferring them to their wallet ti start investing in Bitcoin. Its no magic, we must know about this before we can start investing even if we have all the money in the world.

You are completely driving yourself astray in this discussion. A complete newbie cannot understand the reason why they want to HODL if they haven't made personal research or learn about it. You are making Bitcoin investment to look like something you just wake up in the morning and just throw some cash into it. When you don't know how to buy it, where to put it or how to provide security. And most importantly what to do in possible case scenario. Wake up buddy! before you end up misleading people around you.

Bitcoin for long, because there are people who have study Bitcoin as you Said who may not be able to invest and HODL due to no enough finance and their hasn't been made up.

I can agree with this. Being able to understand Bitcoin doesn't mean they want to start investing immediately. Everyone has their choice and would love to invest at their own pace. But i have met people who understand Bitcoin and are skeptical about investing in it while others has little or no knowledge about the asset but are willing. Still, its not advisable to jump into Bitcoin without knowing little about it. The reason is, once you really know how Bitcoin works, it is difficult to back out of it. The problem is that many people don't want to learn they just want to start profiting.

[Wind_FURY]

Shower thought. The question might not be IF Bitcoin surges and reaches parity against Gold's Total Market Valuation. The question probably should be how much more valued would Bitcoin be WHEN and AFTER it reaches parity against Gold's Total Market Valuation.

Bitcoin Total Market Valuation - $1.90 Trillion
Gold Total Market Valuation - $17.0 Trillion

  👀

HODL

If bitcoin were to reach a market value equilibrium similar to GOLD then this would need to be above $300K perhaps or even $500K, this is not impossible as bitcoin would be equivalent to the market value of GOLD on a market capitalist basis.

Just imagine every cycle bitcoin goes up 2x - 4x then the equilibrium will be equivalent to GOLD.

We need to HODL even longer.

It will definitely be more than that. But it's a bull market, it's a time when bull posts will have a higher tendency of being more "excessively bullish" and more extravagant.

Although, a bull post of "Bitcoin to surge to $10,000 per coin" during its early days was probably "excessive" and "extravagant" as well.

    

[Samlucky O]

Shower thought. The question might not be IF Bitcoin surges and reaches parity against Gold's Total Market Valuation. The question probably should be how much more valued would Bitcoin be WHEN and AFTER it reaches parity against Gold's Total Market Valuation.

Bitcoin Total Market Valuation - $1.90 Trillion
Gold Total Market Valuation - $17.0 Trillion

  👀

HODL

Going through your coment I found out a thread created in regards to this Which says When will Bitcoin catch up with Gold in capitalization?
But nevertheless after a deep thought I discover that the market capitalisation of bitcoin to equate with gold is easy using the formula Price of coin × total supply = market cap for example if 1BTC @$96000 × 21m supply of bitcoin= $2.16trillion meaning that for bitcoin to compete with gold Market cap it must surely be 1BTC @$550 - 600k × 21million= 11.5Tr to 12.6Tr. so surely it is easy to determine by this formula even though it might not give the exact figure but must be approximately. So when you think of bitcoin cap to compete gold think of 6x to 7x of bitcoin growth from now.

[Stablexcoin]

Going through your coment I found out a thread created in regards to this Which says When will Bitcoin catch up with Gold in capitalization?
But nevertheless after a deep thought I discover that the market capitalisation of bitcoin to equate with gold is easy using the formula Price of coin × total supply = market cap for example if 1BTC @$96000 × 21m supply of bitcoin= $2.16trillion meaning that for bitcoin to compete with gold Market cap it must surely be 1BTC @$550 - 600k × 21million= 11.5Tr to 12.6Tr. so surely it is easy to determine by this formula even though it might not give the exact figure but must be approximately. So when you think of bitcoin cap to compete gold think of 6x to 7x of bitcoin growth from now.

Your calculations are correct but it will take more than that for Bitcoin to surpass Gold. This is because we know that it will take two or more cycle for Bitcoin to get to $550k or $600k and within these years Gold will not just sit at one point without increases. Only this year, 1 ounce of Gold moved from $2,150 to $2,600. Although Marketcap isnt a big deal to me. An increase in the market cap does not mean equal amount of money was put into the asset. Bitcoin marketcap if Gold and Bitcoin has similar marketcap the value of Bitcoin would be far way worth more than Gold.

[AmaGold70]

It has been nice gathering some good knowledge from this thread.

Bought the Dips and Hodl, and still hodling and will celebrate at 100kish price.

Y'all don't forget the concept of the thread be a hodler

Looks like the celebration at 100kish price is closer than I thought as we can all see that Bitcoin at 100k is in sight, I had my thoughts but the perseverance and Unshakable Faith of the veterans in this thread to keep hodling is indeed remarkable.

 in this thread countless knowledge as been shared, Supportive community formed, new hodlers like myself as been inspired as well. I must say that I have finally learned that Long term Vision outweighs short term gain and patience is key in volatile market.

HOLD THE LINE, 100k IN SIGHT. 

[Sovannar Sangha]

Looks like the celebration at 100kish price is closer than I thought as we can all see that Bitcoin at 100k is in sight, I had my thoughts but the perseverance and Unshakable Faith of the veterans in this thread to keep hodling is indeed remarkable.

 in this thread countless knowledge as been shared, Supportive community formed, new hodlers like myself as been inspired as well. I must say that I have finally learned that Long term Vision outweighs short term gain and patience is key in volatile market.

HOLD THE LINE, 100k IN SIGHT. 

Me, too. But, I think for 100K, even though it is very close, it still needs time and it could be the end of December or early January 2025. My view is that currently many are selling temporarily and in the near future we will also enter the weekend holiday period.

88K is very potential to be awaited.

[terrific]

Me, too. But, I think for 100K, even though it is very close, it still needs time and it could be the end of December or early January 2025. My view is that currently many are selling temporarily and in the near future we will also enter the weekend holiday period.

It's a fact that many sell orders are already set on $100k. But there will be investors that are also waiting for some to catch from the sellers.

88K is very potential to be awaited.

As a support, this is a good price.

I just want to quote myself again.

Those who have literally did the title, you we're all legends. 
And, that was epic. 

Again I say, $87k.$97k
Congratulations folks.

[Samlucky O]

Going through your coment I found out a thread created in regards to this Which says When will Bitcoin catch up with Gold in capitalization?
But nevertheless after a deep thought I discover that the market capitalisation of bitcoin to equate with gold is easy using the formula Price of coin × total supply = market cap for example if 1BTC @$96000 × 21m supply of bitcoin= $2.16trillion meaning that for bitcoin to compete with gold Market cap it must surely be 1BTC @$550 - 600k × 21million= 11.5Tr to 12.6Tr. so surely it is easy to determine by this formula even though it might not give the exact figure but must be approximately. So when you think of bitcoin cap to compete gold think of 6x to 7x of bitcoin growth from now.

Your calculations are correct but it will take more than that for Bitcoin to surpass Gold.

My explanation in regards to this, is just an example to let him know the range at which bitcoin will climb to meet up the standard of the market cap of gold. But however it will surely supersede the ball mark of $550k to $600k. Like I said it was just a mear assumption of which I included that it will need to grow by 6x to 7x to meet gold, which implies that it will surely surpas the $600k to achieve that.

This is because we know that it will take two or more cycle for Bitcoin to get to $550k or $600k and within these years Gold will not just sit at one point without increases.

You are actually correct though, but we should also consider that Gold has been an asset that has lasted for decade and bitcoin is Bearly 15years old now compeard to gold. So surely if bitcoin is 15years and  achieved %20 of Gold market cap, meaning that if bitcoin surely reaches 30years it will do wonders. Morover investors are switching to the most volatile asset bitcoin thereby increasing the market cap of bitcoin. So surely there is a competitive Market. The reason while gold has such market carp was because it was the best reserved asset as at then. But now Bitcoin has proven to be better than gold, bitcoin will gain popularity and attention.

[Sim_card]

Looks like the celebration at 100kish price is closer than I thought as we can all see that Bitcoin at 100k is in sight, I had my thoughts but the perseverance and Unshakable Faith of the veterans in this thread to keep hodling is indeed remarkable.

 in this thread countless knowledge as been shared, Supportive community formed, new hodlers like myself as been inspired as well. I must say that I have finally learned that Long term Vision outweighs short term gain and patience is key in volatile market.

HOLD THE LINE, 100k IN SIGHT. 

Me, too. But, I think for 100K, even though it is very close, it still needs time and it could be the end of December or early January 2025. My view is that currently many are selling temporarily and in the near future we will also enter the weekend holiday period.

88K is very potential to be awaited.

How do you know that a dip will come that will make bitcoin price go to 88k. Don't you see that more people are buying bitcoin currently than selling and that's why the price is pumping, because they understand that soon government will start buying bitcoin aggressively overtime and they are using this opportunity to acquire more bitcoin before that time since many investors are now eyeing bitcoin as the new asset that can multiply their funds in the long run.

It might shock you that 100k is likely to be achieved by the end of this month than 88k because we only have 2k+ for bitcoin to reach 100k, and the price touched 98k today. Bitcoin is closer to 100k than 88k so we will see 100k price first. If you are waiting for the price to dip before buying, and you are consoling yourself that bitcoin will reach 88k, you are still sitting on the fence waiting while others are busy buying and stacking their bitcoin stash for the future. I hope you don't regret it if you are waiting for the dip before buying because it's a wrong approach, and you can start buying right away with DCA and grow your portfolio weekly overtime if you have the funds.

[Ruttoshi]

The truth is just that there are folks who has mapped out plans on how their investment in bitcoin will go for them but along the line, an unforeseen circumstance might just pop out such that it will become a kind of distraction that may lead an investor to deviating from the original plans he had while making his investment. Even if we have set out strategies on how to go about during our accumulation stages, we should not completely ignore the possibility of uncertainty since we are basically acting based on assumption and speculations.
      Those who allows themselves to be persuaded and convinced by what they hear are basically those who have little knowledge about bitcoin investment and those that are too lazy to make research of their own to find out if what they hear is actually how it ought to be.

It is sad that after all this struggles at your youthful age, you didn't have anything to show for it when you are old. There's a say that you will reap what you sow, this is directly pointing towards how you take the opportunity you had to know about bitcoin serious and invest in it. If you invest in bitcoin and grow your portfolio the right way overtime, you will be happy that you did it, but if you get distracted by whatever kind of gambling act, you will regret it in future when other are reaping heavily from the profit of their bitcoin investment.

This is why long-term investment is the best when investing, build and grow your bitcoin portfolio with consistent and persistent weekly DCA for 4-10 years and above without any doubt or distraction, because I feel that the longer you are getting in your bitcoin journey, the more confident you will have to hodli for long and grow your stash. Time waits for no man, likewise bitcoin price waits for no man, because soon the government will start buying aggressively, acquire more and don't be satisfied with the little that you have. See your bitcoin investment journey as a wealth building game.

I think you misunderstood cryptoprincess point above. He's not referring to doubting bitcoin investment or getting distracted with your investment. He's probably referring to immature selling of your bitcoin investment due to unforseen circumstances and this will shorten your investment journey despite having a clear objective and strategies for your investment.

Unforeseen circumstances can never be avoided thou but I don't really see it as an obstacle to someone from reaching the goal set aside for their bitcoin investment. There is something we called contingency plan and while designing your planning prior to beginning of your investment, contingency plan is very necessary as it is going to handle possible circumstances while your investment remains intact.

Unforeseen circumstances must be part of your investment plan when you are starting your bitcoin journey by setting up an emergency funds to take care of such problems. If a new investor does not have an emergency funds in the beginning of his investment, he can set it up with one part of his discretionary income and use the other to be investing in bitcoin along side. Your emergency funds should be at least three months of your monthly salary.

Any investor who does not have an emergency funds and is investing in bitcoin is gambling because when a real emergency arises, he will sell part of his bitcoin at loss even if the price is dip because you must solve such emergency.

[ginsan]

Me, too. But, I think for 100K, even though it is very close, it still needs time and it could be the end of December or early January 2025. My view is that currently many are selling temporarily and in the near future we will also enter the weekend holiday period.

88K is very potential to be awaited.

I am not good at analyzing charts about Bitcoin prices, whether it will continue to rise or fall in the future I don't care anymore, what I remember is that BTC only has 21 million coins and now the ones in circulation are 19.79 million. For that I have removed the concept of waiting to buy, I prefer to buy when I am due.

I am friends with many investors on social media, they are not good at analyzing charts at all, they only apply a consistent system in the investments they make. I think they will be more successful compared to those who are good at analyzing charts but they don't buy them.

I am still in the accumulation stage because my target has not been achieved as I planned, of course I will not look at the price when I buy bitcoin. But yes with the current price I get less bitcoin than before the spike occurred, Yes that doesn't matter because slowly I will succeed in collecting more bitcoins.

[I_Anime]

Looks like the celebration at 100kish price is closer than I thought as we can all see that Bitcoin at 100k is in sight, I had my thoughts but the perseverance and Unshakable Faith of the veterans in this thread to keep hodling is indeed remarkable.

 in this thread countless knowledge as been shared, Supportive community formed, new hodlers like myself as been inspired as well. I must say that I have finally learned that Long term Vision outweighs short term gain and patience is key in volatile market.

HOLD THE LINE, 100k IN SIGHT. 

Me, too. But, I think for 100K, even though it is very close, it still needs time and it could be the end of December or early January 2025. My view is that currently many are selling temporarily and in the near future we will also enter the weekend holiday period.

88K is very potential to be awaited.

It won't take much before bitcoin will hit $100k it might even happen the next day or the next week , I believe bitcoin going to hit $100ksh this year , and  we will be expecting another break through in the year 2025 . Many folks that have gotten enough bitcoin for themselves already, are literally waiting for $100k before scraping some profits .

While those that haven't gotten are still trying to build a Better stashes over time , and don't worry keep accumulating and build up a nice Stash I believe yah hardwork will surely pays off (bitcoin is good at that ) .

I have the feeling that by next year Bitcoin target would be the range of $150k-$200k and above.

[Callido]

Looks like the celebration at 100kish price is closer than I thought as we can all see that Bitcoin at 100k is in sight, I had my thoughts but the perseverance and Unshakable Faith of the veterans in this thread to keep hodling is indeed remarkable.

 in this thread countless knowledge as been shared, Supportive community formed, new hodlers like myself as been inspired as well. I must say that I have finally learned that Long term Vision outweighs short term gain and patience is key in volatile market.

HOLD THE LINE, 100k IN SIGHT. 

Me, too. But, I think for 100K, even though it is very close, it still needs time and it could be the end of December or early January 2025. My view is that currently many are selling temporarily and in the near future we will also enter the weekend holiday period.

88K is very potential to be awaited.

Don't be confused with your words, we are just between $1K-$2K apart from hitting our $100k target, there is no harm in believing that we can hit the target by tomorrow or next.

There is no time needed before we call it in, we are not ending this month without the big surprise, even if it exceeds this weekend we still have few days inside the new week to make it happen, now it has gotten this close anything is possible and our hopes are solid than ever.

[Mayor of ogba]

The truth is just that there are folks who has mapped out plans on how their investment in bitcoin will go for them but along the line, an unforeseen circumstance might just pop out such that it will become a kind of distraction that may lead an investor to deviating from the original plans he had while making his investment. Even if we have set out strategies on how to go about during our accumulation stages, we should not completely ignore the possibility of uncertainty since we are basically acting based on assumption and speculations.
      Those who allows themselves to be persuaded and convinced by what they hear are basically those who have little knowledge about bitcoin investment and those that are too lazy to make research of their own to find out if what they hear is actually how it ought to be.

It is sad that after all this struggles at your youthful age, you didn't have anything to show for it when you are old. There's a say that you will reap what you sow, this is directly pointing towards how you take the opportunity you had to know about bitcoin serious and invest in it. If you invest in bitcoin and grow your portfolio the right way overtime, you will be happy that you did it, but if you get distracted by whatever kind of gambling act, you will regret it in future when other are reaping heavily from the profit of their bitcoin investment.

This is why long-term investment is the best when investing, build and grow your bitcoin portfolio with consistent and persistent weekly DCA for 4-10 years and above without any doubt or distraction, because I feel that the longer you are getting in your bitcoin journey, the more confident you will have to hodli for long and grow your stash. Time waits for no man, likewise bitcoin price waits for no man, because soon the government will start buying aggressively, acquire more and don't be satisfied with the little that you have. See your bitcoin investment journey as a wealth building game.

I think you misunderstood cryptoprincess point above. He's not referring to doubting bitcoin investment or getting distracted with your investment. He's probably referring to immature selling of your bitcoin investment due to unforseen circumstances and this will shorten your investment journey despite having a clear objective and strategies for your investment.

Unforeseen circumstances can never be avoided thou but I don't really see it as an obstacle to someone from reaching the goal set aside for their bitcoin investment. There is something we called contingency plan and while designing your planning prior to beginning of your investment, contingency plan is very necessary as it is going to handle possible circumstances while your investment remains intact.

Unforeseen circumstances must be part of your investment plan when you are starting your bitcoin journey by setting up an emergency funds to take care of such problems. If a new investor does not have an emergency funds in the beginning of his investment, he can set it up with one part of his discretionary income and use the other to be investing in bitcoin along side. Your emergency funds should be at least three months of your monthly salary.

Any investor who does not have an emergency funds and is investing in bitcoin is gambling because when a real emergency arises, he will sell part of his bitcoin at loss even if the price is dip because you must solve such emergency.

Since bitcoin is a long-term investment, setting up emergency funds or building up emergency funds as you are accumulating bitcoin is very important thing to do because it will help you to sort out your unforeseen problems anytime they arise, which will allow you to hold your bitcoin investment for the long term because you will not depend on your bitcoin investment to do that. Any investor who doesn't make provision for his emergency funds as he is accumulating bitcoin has a big possibility that he will end up selling his bitcoin investment to survive because, at some point in your accumulation journey, you must need a new thing in your life to enhance your productivity, and if you don't make provision for emergency funds, there is no way you can make that happen or achieve that, and it might force you out of the game, partially or permanently.

[cryptoWODL]

Me, too. But, I think for 100K, even though it is very close, it still needs time and it could be the end of December or early January 2025. My view is that currently many are selling temporarily and in the near future we will also enter the weekend holiday period.

88K is very potential to be awaited.

How do you know that bitcoin price will go down to $88k dollars? Your inconsistent statements seem nothing but foolishness to me. Instead of fooling yourself, think positively about Bitcoin. Looking at the upward trend in bitcoin price don't you think that this bitcoin price is only going to go up and not down maybe there is no chance of bitcoin price going down at the moment. You should keep in mind that right now Bitcoin price seems most likely and easy to rally from the lows of $88k to touch $100k. Just take a look at the market today and you will see that the price of Bitcoin is very close to touching the 100k dollar milestone. i think just need a little push, so the price of Bitcoin will potentially touch the $100k dollars.

BTC Gradually then suddenly.

[JayJuanGee]

Shower thought. The question might not be IF Bitcoin surges and reaches parity against Gold's Total Market Valuation. The question probably should be how much more valued would Bitcoin be WHEN and AFTER it reaches parity against Gold's Total Market Valuation.

Bitcoin Total Market Valuation - $1.90 Trillion
Gold Total Market Valuation - $17.0 Trillion
  👀
HODL

If bitcoin were to reach a market value equilibrium similar to GOLD then this would need to be above $300K perhaps or even $500K, this is not impossible as bitcoin would be equivalent to the market value of GOLD on a market capitalist basis.

Just imagine every cycle bitcoin goes up 2x - 4x then the equilibrium will be equivalent to GOLD.

We need to HODL even longer.

You seem to be lacking in understanding and appreciation of what bitcoin is as compared to what gold is.

Bitcoin is likely in the ballpark of 1,000x more valuable than gold, but currently bitcoin has a market cap of about 1/8th of gold.

Even if bitcoin does not reach gold parity this cycle, it seems quite likely that it will reach gold parity and march towards around 1,000x greater than gold, whether that is bitcoin's price going up or gold coming down or a combination.. and such fair valuation could take 50-200 years to play out.

You can believe what you want in terms of your own ideas of relative valuations, and by the way, just think about it, gold has been pretty fucking flat since bitcoin came into existence (and especially since 2011), and if you think about the situation, even if we start our calculation from 2012-ish when bitcoin was $5 (and had a market cap of about $60 million), gold still had a market cap of around $6 trillion back then, so bitcoin is already eating gold's lunch and you can fail/refuse to recognize what it going on all that you like, and hopefully you either have not underprepared or perhaps you could spend time looking into the matter so you are not in such disbelief when you are going to be likely to continue to witness bitcoin ongoingly eating gold's lunch in the coming years.....

Going through your coment I found out a thread created in regards to this Which says When will Bitcoin catch up with Gold in capitalization?
But nevertheless after a deep thought I discover that the market capitalisation of bitcoin to equate with gold is easy using the formula Price of coin × total supply = market cap for example if 1BTC @$96000 × 21m supply of bitcoin= $2.16trillion meaning that for bitcoin to compete with gold Market cap it must surely be 1BTC @$550 - 600k × 21million= 11.5Tr to 12.6Tr. so surely it is easy to determine by this formula even though it might not give the exact figure but must be approximately. So when you think of bitcoin cap to compete gold think of 6x to 7x of bitcoin growth from now.

Your calculations are correct but it will take more than that for Bitcoin to surpass Gold. This is because we know that it will take two or more cycle for Bitcoin to get to $550k or $600k and within these years Gold will not just sit at one point without increases.

How do you know how long it is going to take bitcoin to reach $500k to $600k? 

It could happen within the next 6 months or yeah, it might take more than a whole new cycle.

it is also possible (perhaps 2% odds or so) that bitcoin could get above $1 million this cycle (meaning either in 2025 or perhaps no later than the 1st half of 2026). 

Only this year, 1 ounce of Gold moved from $2,150 to $2,600. Although Marketcap isnt a big deal to me. An increase in the market cap does not mean equal amount of money was put into the asset. Bitcoin marketcap if Gold and Bitcoin has similar marketcap the value of Bitcoin would be far way worth more than Gold.

Market cap is a decent measure of value at least in terms of current market price.  Of course, many of us consider bitcoin to be around 1,000x better than gold in terms of its verifiability, scarcity, divisibility, transportability and costs to store/transport and less need for a third party, and some other moniness reasons.  The mere fact that bitcoin is better does not mean that the market is going to recognize that right away... so it could take 50-200 years to reach such relative valuations.. but then it could happen more quickly, too.

[Abbatty]

Me, too. But, I think for 100K, even though it is very close, it still needs time and it could be the end of December or early January 2025. My view is that currently many are selling temporarily and in the near future we will also enter the weekend holiday period.

88K is very potential to be awaited.

You talk as if you are a bitcoin analyst and you are so sure about your predictions, there will surely be a little dip but the chances of your prediction to happen without reaching $100k in a few days or weeks is very low. As a fellow Bitcoin enthusiast, I'd advise enjoying the current bullish trend. We're nearing $100k, and considering the rapid progress, it's likely we'll surpass this milestone very soon. Let's not spoil the excitement with negative predictions, which might cause unnecessary panic among new investors... Rather than focusing on potential dips, let's appreciate the bullish ride and the opportunities it brings. After a long bear market, it's time for investors to reap the rewards.

[Cgrexp]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

[Sim_card]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.

[Cryptoprincess101]

Shower thought. The question might not be IF Bitcoin surges and reaches parity against Gold's Total Market Valuation. The question probably should be how much more valued would Bitcoin be WHEN and AFTER it reaches parity against Gold's Total Market Valuation.

Bitcoin Total Market Valuation - $1.90 Trillion
Gold Total Market Valuation - $17.0 Trillion

  👀

HODL

Going through your coment I found out a thread created in regards to this Which says When will Bitcoin catch up with Gold in capitalization?
But nevertheless after a deep thought I discover that the market capitalisation of bitcoin to equate with gold is easy using the formula Price of coin × total supply = market cap for example if 1BTC @$96000 × 21m supply of bitcoin= $2.16trillion meaning that for bitcoin to compete with gold Market cap it must surely be 1BTC @$550 - 600k × 21million= 11.5Tr to 12.6Tr. so surely it is easy to determine by this formula even though it might not give the exact figure but must be approximately. So when you think of bitcoin cap to compete gold think of 6x to 7x of bitcoin growth from now.

Taking at a look on the market cap. of Gold, which is $17.0 trillion, and the market cap. of bitcoin as stated by @Wind_FURY to be $1.90 trillion, your mathematical calculations are wrong @Samlucky O, because your calculation of bitcoin price reaching $550k - $600k ONLY amounted to $11.5 trillion to $12.6 trillion as stated by you which is not anywhere close to Gold.
         My bone of contention is not about making any comparison between bitcoin or Gold because if we take a look at the time when Gold was introduced, and the time bitcoin was introduced you can see that the growth of bitcoin has outperform Gold just within 15 years of Bitcoin's invention, so if we are to have a picture of what bitcoin will become in respect to Gold by this time in the future you will understand that bitcoin will surely become the superior asset here.