Im a harder bull than many in this thread. I have a 5 year price forecast of US$150 - 500k. The reason is because I believe that Bitcoin has been mischaracterised as an asset when it is really a financial instrument. In the period 2000 - 2007 the global value of CDOs rose from $69 billion to $1.7 trillion. Bitcoin could easily do the same except it is starting from a higher base and has the potential for much greater capital inflows and higher market cap because it is also traded by retail investors. So I put the market cap at $2 trillion to $5 trillion after 5 years. This is without any disruption of the existing market system - ie the value of the US dollar remains much the same. I have assumed for these purposes that the number of generated, non-lost, non-dust Bitcoins is somewhere less than 12 million.
I come off as a bear sometimes as I am a big fan of Nicholas Taleb in the book The Black Swan. Looking for black swans is a bit of a hobby.
In any event, come what may, I enjoy the company of everyone on this thread as we share this historic journey.
Besides your interesting viewpoint, making the highest future price prediction is not what qualifies you as 'a harder bull than many'. Especially during an incredible bull market. Holding on to and accumulating bitcoins, whether it goes up or down (for years), does. Most bulls eventually break and reduce the risk, especially if you have a serious stash.
In short, personally, I'm planning to liquidate half of my BTC stash at the time when the fiat value I will get is enough to allow me to quit my job and pursue an independent career in my field. The other half I will keep, in the hope that BTC will eventually become something much bigger than it already is.
Reminds me of
this post ($1200) by former reddit moderator (?) jratcliff63367.
And Elwar ($4500). We almost all have our fiat breaking point even on a Bitcoin forum, and I already hate my future self for it. It gets tempting when reducing your holdings by 50% still sets you for life.
To add to the bullish sentiments but as well for the bigger picture, I can recommend reading this article by Miguel Cuneta (Co-founder at Satoshi Citadel Industries (sci.ph):
https://decentralize.today/dont-fall-for-the-hype-why-bitcoin-s-10-000-price-doesn-t-reflect-its-true-value-6b42a59fce0a1) Seems a bit of a difficult to prove assertion regarding either who is the "harder bull" or agreeing to "harder bull" standards.
2) Some guys will follow through with their plan to cash out 50% or some portion that they believe to be reasonable, and surely, I personally have some issues with any concept to go from 0% to 50% for example, even though I don't have major issues with the concept of pre-establishing threshold points - and better to have some balance that is quite less than taking some kind of 100% stance.. even though I would be able to relate to a bit more of a modest approach that maybe does 10% at a time rather than going straight to 50%... But whatever, different strokes for different folks, as some may recognize.