What more prove do you need? BTC will hit the $1xx,xxx mark and then the 1M! It's only a matter of time folks! Stop spending money on sh!tcoins!
@DooMAD who cares about Tesla?
I hope your hyping of the prices is true because we are going to be passing through a lot of numbers before the million dollar mark and 100k is still a pipe dream that we haven't reached yet but it doesn't matter because I will have bitcoin no matter what happens because I don't want to see it empty handed.
To
not have bitcoin no matter what seems like a pretty irresponsible move in terms of your own personal finances.
I understand that there are people who are so damned poor that they have trouble investing in anything...
Probably no sense in arguing with a nocoiner without ambitions, but there are ways that you could invest $10 per week or some low amount like that, if you happened to be poor.. but seems to me that you do not have an excuse for being poor - but instead your excuse is because you believe the risks of bitcoin going to zero outweighs potential benefits of it going up.. which seems a pretty ill-informed point of view for anyone who acts like they know something and knows about balancing risks (which you, Kittygalore, seem to be presenting yourself as if you were knowledgeable but seems that you are not).
The more knowledgeable approach in thinking about bitcoin would be: You might want to get some bitcoin in case it catches on.
What more prove do you need? BTC will hit the $1xx,xxx mark and then the 1M! It's only a matter of time folks! Stop spending money on sh!tcoins!
@DooMAD who cares about Tesla?
I hope your hyping of the prices is true because we are going to be passing through a lot of numbers before the million dollar mark and 100k is still a pipe dream that we haven't reached yet but it doesn't matter because I will have bitcoin no matter what happens because I don't want to see it empty handed.
For me reaching the $1xx,xxx mark is as sure as there is water at the Poles. It will happen no doubts!
As for $1M this will obviously need a few more years (maybe up to 10) but in the short to medium term we will see the fruits of $1xx,xxx-$2xx,xxx per coin, isn't that just great?? Sell high, buy low, great times to get rich!
You are right, virtualdn... even if some of the prices are not guaranteed, $100k to $200k seem to have really decent odds for this cycle and $1million for the next cycle and $5-10million for the cycle after that.. So $5 to $10 million seems to have decent odds for less than 10 years - even though of course no guarantees and of course, the numbers could get overshot, too.
On a personal level, it is hard to really know, and my suggestion has not necessarily been to invest a whole lot, but instead to take a meaningfully aggressive investment approach, but of course, if you are skeptical, even a somewhat whimpy investment approach of 1% of your investable assets, or something like that would still end up doing pretty well in the various bullish cases, and with a fairly whimpy investment into BTC such as 1% of your investable value, you do not have a whole hell of a lot to lose if the more bullish cases do not end up playing out.
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For me reaching the $1xx,xxx mark is as sure as there is water at the Poles. It will happen no doubts!
As for $1M this will obviously need a few more years (maybe up to 10) but in the short to medium term we will see the fruits of $1xx,xxx-$2xx,xxx per coin, isn't that just great?? Sell high, buy low, great times to get rich!
I am not yet sure if I have the ability to be able to last for 10 years hodling bitcoin but I will try my best and do it, I don't want you to be right all along and I don't have any bitcoin in my wallet to sell, that's a financial suicide right there if it happens.
O.k... This post shows that you, Kittygalore, might be more receptive to investing in bitcoin than your earlier seemingly dumbass nocoiner post was implying.
Many of us who follow bitcoin should realize that you do not have to invest lump sum into bitcoin - or all or nothing, just invest what you can do, and if it is a low or whimpy investment, at least you have some stake in the game for a potentially world changing asset class.
So a relatively whimpy investment level might including very small amounts of something like $10 per week, and you should hardly give any shits about dedicating $10 per week to something that has potential but also might go to zero... and with $10 week you might even feel as if you could ignore it for a few years before looking back at if your investment is up, down or sideways. Sure, if you stick with such a $10 per week, after 10 years, you will have invested around $5,200 into bitcoin (that is $10 x 52weeks x 10 years), but so what? There is upside or downside but if the BTC were to go to zero? You have not invested a whole hell of a lot, so maybe you have not been sufficiently aggressive with a $10 per week amount, but whatever the amount would be should be something that you are comfortable with, even if you have a pessimistic viewpoint about the upside scenario while at the same time you acknowledge that some variation of an upside scenario may well end up playing out.
So, even if you were to start investing your $10 week now, and you end up having an average cost per BTC of $500k, but if BTC ends up going to $10million in those 10 years, you still have about 20x of your investment = $5,200 x 20 = $104k.
This might be the beginning of a price rise from $30k to $3 million. When the others join the party imagine how big bitcoin can become. We are all going to be rich, I guess. I am excited af. This is the beginning of the end for the USD. I hope the other countries follow El Savador's steps without wasting too much time.
So what are you doing mindrust? Do you have a plan? Have you been buying BTC or some various shitcoins or "other projects" that you believe to be more promising?
Hopefully you are not just sticking with 1 BTC and think that is enough when you have capabilities to accumulate more BTC and if you have reservations about how much you want to put in, then you can either do a small lump sum, but the other possibility would be a relatively modest and ongoing DCA strategy (whatever would be to your budget and hopefully your reservations regarding over-investing when over-investing would not be necessary to still have decent chances of reaching richie status - or at least improving your lot, investing reasonably without too much gambling and getting the fuck out of various nonsense and shitcoins and other likely stupid-ass projects that might have distracted you in recent times.).
This might be the beginning of a price rise from $30k to $3 million. When the others join the party imagine how big bitcoin can become. We are all going to be rich, I guess. I am excited af. This is the beginning of the end for the USD. I hope the other countries follow El Savador's steps without wasting too much time.
Actually it is very simple. If you want to become rich from Bitcoin, then all you need to do is to make sure that you don't sell your coins in panic. If you are investing in stocks or bullion, then you need to check the financial statement of the company every now and then. With Bitcoin that is not needed. There is no need to check the exchange rates every one or two hours (on the other hand I would discourage it, because it makes people more susceptible to panic selling). That said, your target of $3 million is stretching it a bit too far. For me, I would be happy with my target of $250,000, if it can be achieved by 2025.
Oh my bc.. don't want to repeat myself here, but surely $250k is reachable in this cycle, $3million might be a stretch for the next cycle but is reachable in the next cycle (which would be ending around 2025/2026).. and then such $3million should be easily reachable in the cycle after that which would be 2029/2030...
By the way, I really appreciate your other comments about just HODLing and not panicking.. which kind of goes back to the point that some people invest way too much, and then they get worried, and bitcoin has shown us time and time again that investing relatively small levels of bitcoin can end up compounding upon itself with the passage of time and play out quite nicely.. so even if your bear-ass-ish view of $250k being a struggle, you are still going to profit quite well from coins that you already bought.. or even from any that you pick up right now, in case you might not have any or feel that you do not have enough.
