Post
Topic
Board Speculation
Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
by
miscreanity
on 10/03/2017, 17:44:22 UTC
I guess what you want to say here is that Bitcoin is evolving from growth phase to a mature phase, am I right ?

If I'm right, could you please describe the new era in numbers ? Like what are you expecting in the coming years, what high numbers do you see is achivable and such ?

Bitcoin as a system is maturing.

I agree with iamnotback's assessments on altcoins and cryptocurrencies in general.

... Maybe $2000-2500 to start. After a correction from there, a flood will probably start (likely coming from Asia & Europe) with $6000 as an initial target for late 2017 to 2018.

The relative size of Bitcoin compared to other pools of wealth (commodities, currencies, equities, etc.) partially determines the possible gains. The other primary aspect is usage: the more Bitcoin is used, the more value it gains and the greater share of traditional wealth it will accrue. This transition is always in motion among various different assets, but reaches an equilibrium range after a turbulent period. Potential exists for five or even six-figure valuation, but in that case I think it would be better to simply maintain some holdings rather than trade.

At this point I feel the need to diverge a bit and speak from personal experience, not just to you but for anyone reading... Keep in mind that major cyclical transition turbulence is likely to involve much more than just monetary movements - civil unrest, disease, war, etc. Surviving all of these in the hopes of attaining vast monetary holdings is a trapping of material thinking.

The only things that last through all of this are your relationships and reputations with others. Among consenting parties, what delineates a beneficially constructive relationship or reputation and a harmfully destructive one is the element of control - manipulation and power struggles cause eventual failure and animosity, not to mention the cognitive load incurred in maintaining such a power structure.

Yes, it is certainly possible to attain financial independence and leave the traditional workforce through trading but always trade responsibly and always have an alternative path for yourself, whether a career or hobby. Those around you have value that exceeds any monetary gain - cultivate those relationships more than your account balances.