No. What I am saying is, don't get your hopes up of where you think price will be in the near future. John Mcafee predicted the price oi BTC to be $1,000,000 by 2020. Here we are in nearly 2025, and it is at $90,000. Temper the expectations! There is music for this...
bitcoin will demonetize to varying degrees all the pseudo-money the world is currently using, real estate, stock market, bonds, gold silver, ... $900T of global store of value assets bitcoin is less than 2% of that but is the most liquid 24/7/365 and is the most accepted, can be used in Asia, Latin America, Middle East, by people who never heard or cared for the nvda stock, or a 10yr treasury As bitcoin passes $100k before eoy, $200k, $300k and higher next year, the naysayers will come up with new narrative to explain it, trading instrument today, something else next year the ones quick to realize this will benefit. I think the ET hard core naysayers will be very late
What are people using Bitcoin for, exactly? Bitcoin doesn't have any users because it has no use case. It has speculators thinking they wil get rich quick(it's worked so far!).
You use the internet for semen milkshake recipes. That wasnt the use case the internet was planned for but here we are. Things evolve. I still see Bitcoins future as a currency. For now it is a store of value,a deflationary savings account. Once this phase of its evolution is complete we will know more.
I agree as well. From what I have learned, a currency needs to be a store of value before it can be a method of exchange. Likewise, for fiat money to be able to continue to be a method of exchange, people have to want to hold it, for at least some time. Once it gets so bad that you only get fiat to quickly exchange for something else, it's days are numbered. And because the development of Layer 2 solutions will continue to evolve, its going to be super easy to use Bitcoin as a method of exchange, completely bypassing the need for converting to fiat. In fact, when it comes to cross border payments, Bitcoin and other cryptos are already superior to sending USD from everything I'm reading, and something I've experienced myself. The fees are also cheaper and the proof of delivery and final settlement are huge incentives.
Facts haven't changed, people still called it a bubble after the last time it broke out and then downturned and they'll do it again when this run is over too. If you're worried about people calling something a bubble, you've got too much time on your hands. If it moves - trade it Doesn't matter what people say. As for my own opinion, I always knew BTC would break out again that's what it does *eventually* but I damn well wasn't going to wait around for it. Coffee, S&P, lots of other things have done well since I exited BTC in the first half of this year. Certainly I'm back in now though, the breakout made sure of that and it wasn't hard to time really.