Life is not fair. The Winklevoss twins still have not sold a single bitcoin since they started buying at $10-12. They never needed the money I did not hold Bitcoin from 2013 until today, I wanted big returns from the altcoins. In retrospect, the best move as far as btc is concerned, was for me to borrow as much as I could and buy and hodl The other best move was to convert all Bitcoin/crypto holdings to Eth when it first came out And of course within the last 2 years, so many missed opportunities (for me) with Solana, Fantom, Terra Luna, and others To your point, though, did we think in 2013 with btc at $100 each that it could hit $10K? On Reddit there were threads/posts and we were hoping and thought yea, it could happen in 10 years. Then we got a wakeup call when it happened in 2017, much sooner than we thought Now we're talking about $500K in 5 years and $1M in 10 years and that's in relation to the user adoption growth. The more people own Bitcoin, the sooner those numbers are achieved We're still very early on Bitcoin. Global number of users is only 250 million people, we're waiting for that to grown to 1B people
Could BTC do a 100x from where we are now? Certainly a lot harder than $10 to $1000 or $100 to $10000. Currently BTC is only 2x what it was at the peak in Dec 2017 (over 4 years ago). Will we see spectactular life changing returns again? Maybe, maybe not.
Thats the situation, to have bitcoin give you the multiple returns it has in the past is only going to get harder in the future. Just play one of the other 15,000 coins!!!
YOU are talking about those numbers, not the objective people. Also there is NO user growth, there are holders, but they are not users, big difference. The simple and easy to see logical problem of your thinking is that there has to be a limit to always higher prices. Let's just say for argument's sake BTC does go to 200K. At that point you are going to start to talk about 10MM valuation, because there has been always a higher high and you STILL want to convince the suckers to buy into your product. This is exactly the reason people like you will go down with the ship and hold it until below your buy in price...
Would you really risk going from a position of financial independence to only having enough money for 1 or 2 years? I'd discuss that with your wife first because she may not see things the same way. One thing I've learned over the years, is that whatever you think is the worst case scenario, think again. And never underestimate the health toll of losing a substantial portion of your net worth. Google "wealth shock".
Of course!! I assumed it was already implied that wife is involved with a major decision like that. She has full access to everything in case something happens to me Bitcoin and cryptos are kinda boring the past week or so even with the stock market "crashing" so I don't see Bitcoin going to $10K or lower as there's no weak hands any more. Lack of sellers
This Friday is standard 'expiration Friday' for the month. So most likely I'll be loading up on a shitload of ETH again