Quote from: Torque on March 22, 2020, 06:59:17 PM

Quote from: JayJuanGee on March 22, 2020, 06:46:22 PM

Quote from: Torque on March 22, 2020, 04:14:17 PM

Quote from: serveria.com on March 22, 2020, 04:03:21 PM

Quote from: Torque on March 22, 2020, 03:41:14 PM

Bitcoin above $80K

But... but... you're trying to say I'll be too old for the $100k party? Damn... Grin

Not at all. Before 2030 comes I'm almost positive we'll see a spike above that.

What I'm talking about is the low, or sideways, price of BTC will float around ~$80K in ten years. Or higher.

And by that time asset inflation will have been really really bad.

The longer that I have been studying the bitcoin space, the more I have come to consider that both the bottom spikes and the bottom floating arena are amongst the more important factors, rather than the various upward price spikes, and of course, nothing is guaranteed, even while "~$80K in ten years" as a floor seems to be a relatively conservative bet......

and yeah, it could be argued that some of us are drinking too much BTC kool-aide, but given the whole way that these matters are playing out, bitcoin remains bullish as fuck.. and surely, hope that many of us (including yours truly) is still alive and well and even feeling powerful enough to witness 2030 and even to enjoy the likely wealth from such passage of events... thinking about it.. a floor BTC price that is more or less 13x greater than our current bouncing around price.

For younger folks, folks just learning about bitcoin, folks with a very limited budget or even folks who fucked up in their bitcoin strategy(ies) in the past (not only mindrust, but others), you should be able to figure out a way to reasonably and prudently profit from this decently likely situation, without going too fucking crazy in terms of a target timeline and not gambling too much with your own finances or psychology, either... and even DCAing a modest amount of $100 per month (or whatever amount that you can reasonably manage without devolving into a mindrust-like meltdown) is going to likely put you in a very fucking good (great) place in 10 years or so.

Well said JJG. DCAing every month or three is a much better strategy that just FOMOing in during every bull run spike.

I mean, even if my conservative prediction of a $80K/btc floor in ten years turned out to be wrong, and it was instead say half of that. $40K+/btc. That's still, what, like 7X higher from here? Tell me what stock or other investment would do that by 2030? I'd be willing to bet none of them. None. Certainly not a corporate-blessed 401K, that's for damn sure.

For fk sake, even if people didn't like or want to own Bitcoin, they should at least be buying some Gold or Silver and hold it long term. But the sheeple aren't even willing to do that much. And then ten more years pass by and they wonder why they feel even poorer (Pssst! It's stagflation, stupid). Roll Eyes

I agree with everything you said including the fact that BTC could end up way under performing your conservative investment and still end up being a very decent investment. I don't consider gold/silver to deserve any kind of close to equal mention in terms of reasonable hedges, but I guess that I get your point about the stupid-ass monetary printing that is going on, and you would think that gold/silver should perform somewhat better than traditional investments, even though even gold/silver are so goddamned manipulated that it is really difficult to know if they are actually going to end up holding their value relative to other fiat-based asset classes..

Anyhow, I think that they are hardly even worth mentioning, here, except maybe if someone has a portion of his/her portfolio that is dedicated to dollar hedges, and maybe 95% or so of that would be bitcoin and around 5% would be PMs such as gold/silver... of course, people will vary on this, so I guess that I am just hesitant about any inference of a gold/silver endorsement, even during these crazy times.. and even though I do get your "better than" sitting on your hands point.