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I think that this bull run very well confirms what we have been talking about anyway and bitcoin is at any time set up to go for 25% in a week and it will continue like that. Scarcity will kick in, companies like Microstrategy take bitcoin out of circulation at a large scale, more people will set their goals to achieve holdings of 1 BTC and then if it becomes more expensive they aim for 1 mBTC and so on and so forth, but more and more people understand that not owning bitcoin at all will be an expensive mistake.
From my point of view for ease of reference, it is more than reasonable for many of us to start to refer to quantities of satoshis, since it is seeming more and more impractical for any normie newbies to be shooting to own a whole BTC, and sure there are some who can fairly easily get to such quantity of BTC, but it seems a bit elitist and even impractical to be considering that the targeting of getting to 1 BTC is actually reasonable and/or practical for an overwhelming majority of normies who might be contemplating getting into bitcoin.
Essentially, they are likely going to need to start to think in terms of practical goals, and even getting to 1 million satoshis may well be difficult for a lot of newbie normies, so they likely are going to need to figure out some realistic quantiles of bitcoin to attempt to target.. perhaps first getting to 100k satoshis and then working up in intervals of 100k satoshis until they get to 1 million satoshis.. and so yeah, just keep working at it.. within their means and within their timeline.. and surely many times if guys are new to bitcoin, it may well take them 4-10 years or longer just to establish a reasonable position in BTC, and I actually know a lot of people who I have recommended getting into bitcoin and investing $100 per week, and for some reason they believe that is too much for their budgets and/or their psychology, and so even last year, I was starting to proclaim that a person who is just starting in bitcoin and ONLY putting $100 per week into bitcoin, they may well never be able to reach a whole bitcoin at that rate of investment. and surely $100 per week is $5,200 per year and $52k after 10 years, and so anyone wanting to reach 1 BTC or more is likely going to need to aspire to investing more than $100 per week into bitcoin, even if they might not be able to invest $100 per week right now, they might be able to increase their investment amount into the future.
At the same time, I doubt it is necessary for anyone to be putting artificial and/or unreachable goals in front of them, so they should be getting into bitcoin, yet trying to figure out some reachable goals, so in the beginning maybe they shoot for 100k satoshis and then push towards 1 million satoshis and if they are learning about bitcoin, then surely they can adjust their goals to be more aggressive in the future, if they come to realize that it might be in their better interest to do so. People come to bitcoin within their own timeline, and surely a lot of normal peeps are going to end up having to pay way more for their satoshis due to whatever ongoing dynamics we have in which it appears that more and more larger players are starting to bid up whatever supply that's currently available.
We cannot turn back the clock, and we have to figure out what we are going to do in regards to our bitcoin accumulation journey from now into the future, and sure if we already have enough BTC or more than enough BTC, then sure we are not in a bad place, yet I doubt that there are too many folks, even members of this forum, who are really in a position to say that they have enough BTC or more than enough BTC... yet if they have already been accumulating BTC, and they know to accumulate BTC, then they surely are in a better position than the no coiner or the low coiner who does not realize that he doesn't have enough.
As the network grows further now and protects more and more value, the chance that politicians act against it becomes very small. It's a question of lobbies at some point too.
I have read a headline a moment ago "is it too late to get into Bitcoin?". I have read this headline ever since I found out about bitcoin and I thought damn it, I should have documented all those headlines every single time because they keep coming at all price levels.
Enjoy the ride JJG!
Of course, so many folks wrongly conclude that they are too late to bitcoin, and surely if they continue to fail/refuse to act to get bitcoin, they are ONLY going to make their situation worse by continuing to believe such nonsense. But hey, there is ONLY so much that any of us can do to help normies to help themselves in the departmenet of getting started in their bitcoin accumulating (stacking) journey sooner rather than later.
Bitcoin is Gold and more.
It's still Young it wouldn't be in parity but surpass the Marketcap of Gold.
Many are just getting to know about it and understand it's importance as a store of value and hedge towards inflation (gold).
Not to mention capacity and needs it can satisfy that Gold can't.
calculating when bitcoin was introduced till date you will know that bitcoin price is being getting increased due to the awareness or people the way people have known gold it is the way people have known Bitcoin both of them is a digital currency and the gold exist before Bitcoin but now bitcoin has taken over the market of digital currency because of it awareness and the eight investment method it is because of the investment plan of Bitcoin that makes people to lose interest in gold as a store value and the invest in Bitcoin so that is why when you are saying that Bitcoin does not have a population or bitcoin is just a new digital currency I will not disagree with you but the thing is that bitcoin has dominated over gold and the other digital currencies
I am not exactly sure about your description Onyeeze, since it seems to me that the main point is that the longer that bitcoin is in existence, the more and more people are going to recognize it as the more superior asset for holding its value for the various reasons that it is the best of monies, so value is going to continue to gravitate into bitcoin from many and most assets/currencies that have a monetary premium, even if it takes a while (50-200 or more years) to play out... and yeah, we don't have to wait 50-200 years to see the ongoing appreciation of bitcoin's price as value continues to flow into it. The longer that people wait to get bitcoin, the more it is going to cost them to get it, so some people recognize bitcoin's value sooner than others, and sometimes it is not even because the earlier arrivers are smarter. Sometimes it may just be a matter of being at the right place at the right time and realizing that it is a good idea to get some bitcoin in case it catches on.
