Down to about $90k, where would you park it if your trading skills were trash?

Of course we're all fucked at this point. But assuming it doesn't get as catastrophic as this, the future is digital and this means that gold cannot compete in this era. And the math for Fiat just doesn't work anymore.

 

Someone who has insight and foresight replied with one of the best answers to the thread title question, hint: bitcoin

This will be clear to everyone in the future. @NoahA 's posts and my posts will age well

 

It was actually kind of funny to read @poopy so valiantly defend selling his bitcoin, as if he made the superior move, but having done absolutely nothing but hold it would have netted him half of the amount that he made from active trading as one of the best option traders there is. Who else would have been able to repeat this? Who else would outperform him? Maybe it comes easy to him, but putting in all that stress and work to make double just doesn't seem like a good payout. Imagine an athlete training for years with gruelling 16 hours days and he wins the gold, but some other dude who did nothing but show up wins the bronze! LOL

Going forward... if someone here takes an account with $57k (=1 BTC), what can they grow it to in the same time frame that it will take Bitcoin to hit $500k or $1MM? I will bet that 98% here will not outperform Bitcoin by 2030 lets say.

 

I also didn't have time to buy bitcoin when it cost $100. But 2 years ago I bought it at $22,000 and it suited me).

 

what if bitcoin stays at 57k through 2030 or drops to 5k through 2030?

why do crypto heads treat a massive future rally as a given?

 

Bitcoiners

 

Because their lives depend on it?

 

Its the release valve for all the shit going on. Once again, there is no solution to a $35T debt, $2T deficits, interest rates that if dropped will cause many problems, and a government that can't afford the debt.

Most of the experts that I've watched said there has to be massive inflation over the next few years. But to me, if all assets do well in an inflationary environment, the bottom 50% will be crushed even further, and they don't really have any further to fall. I honestly see revolution type things as being probable in the near future.

 

What does that even mean?

Is that a technical term?

 

none of that ensures bitcoin goes to 500k as crypto bros keep claiming will happen like it’s a fact.