An interesting subject.
I was into crypto in 2013 and was mining etc... Got too interested in trading and looking at new coins etc. held a stash of altcoins and after the crash of 2014 i just held my coins offline.
Back to this spike I am all interested again and just purchased a BTC and traded some of my shitcoins for a few etherium. And will get another whole BTC.
Though my shitcoins are still worth a few grand and I have not lost money, I would have been better just buying BTC and holding it.
When it was $200 i was reluctant to buy because people said it was not stable...
When it was $500 i was reluctant to buy because people said it was not stable...
When it was $700, I purchased some and traded altcoins and purchased a BTC mining machine that rapidly became uneconomical to use...
When it was $1000 i was reluctant to buy because people said it was not stable...
When it was $1300 i was reluctant to buy because people said it was not stable...
Then it crashed to $600 then lower to like $300 if i remember correctly...
I didn't buy. and i became less interested. Like many.
Now I am saving for a house and don't want to invest all my money into it, but I want to own at least 2 BTC and 10 ETH because in two years when we build our house, I will probably be kicking myself if I did not buy at least that many.
I might not even have to wait that long to build if the value keeps going up.
Mass adoption is much closer now than it was 3 years ago.
Before central banks were talking it down, countries were trying to make it illegal and people were saying it was worth nothing...
Now 3 years later it is worth way more than an ounce of gold and most people actually know what it is. It is much easier to buy sell and trade... Bill Gates says it is around for good, the FED give it praise, the Japanese govt too... this shit is going to skyrocket.
Though my $2500 BTC went up $300 in 2 days... I expect it to go down to $2000... but it might not... I bought it for in two - three years time when I expect it to be at least $10,000 a coin if not off the charts.
Once true mass adoption occurs, this is when even those that earn $200k+ a year wont be able to afford a whole BTC.
Just get one while you still can.
Seems like you have been in the BTC world for quite some time now, But one thing for sure, if it doesn't go down then it means I'll have to go for altcoins