I like to think of myself as a long term thinker. I look at the big picture. (Well, as much as I reasonably can.)
There's always discussion here about being a permabear, permabull...blah blah blah. My question is: How can you NOT be a permabull?
If you're looking at Bitcoin in terms of years, how can you make a realistic argument that favors the "permabear" mindset? It's just not logical given what we know. Every long term permabear on here, if you dig a little deeper, is just depressed/angry over losing or missing out on money. Human beings hate seeing others succeed while they themselves are left behind.
Every market crashes. Remember 2008 when the DOW was at, what, 6400? What's it now, 18,000?
Do you honestly believe 12 months is a long time for an emerging market like this? Come on...really?
Forget the short term. I don't even like to comment on it because NOBODY has a clue. But the long term...how can you NOT be a permabull on Bitcoin's long term prospects? (5-10 years)
If you're not thinking about Bitcoin for the long term, you're in the wrong place.
for me the answer is very simple. You can't compare BTC with DOW index! DOW index can't disapper.
I really hope that btc will rise, and i can wait for 5 years, no problem: but, tell me, can you be sure that in 5 years BTC will be still alive or better, >350$?