Quote from: jostorres on Today at 03:06:16 AM

Quote from: molsewid on July 23, 2021, 01:04:29 PM

A true believer of bitcoin will not going to hesitate to put any amount of investment even it is small from time to time because they believe that bitcoin was made for a long run and long term hodling. This is already proven and we've also witnessed the ups and downs of market price way back when bitcoin wasn't pricey enough compared today. In my case I am patiently waiting for the rising of bitcoin price again which I believe that it would be possible before this year ends, i believe that there's nothing to be fear of.

This is basically explanation of what I have been doing for years. I believe that bitcoin will be a huge thing in the future, it is already quite big and I really like it but at the end of the day we know it is not where it could be, it could be a lot more, a million dollars per bitcoin is not out of question at all and that means we are talking about 33x increase in price give or take, and I know not everyone can retire with 33x profit, I know we need more, but we could just keep on investing more and more into it, even if it is just 10 bucks time to time, that is going to eventually reach to a level where we will feel a lot more comfortable with, it is not going to be a million dollars each overnight, so we have maybe a decade who knows?

So, in that decade if we could put more and more money into bitcoin and some other crypto then we could actually have a chance to retire. That is my plan at least.

When you asset that a million dollar Bitcoin is not out of the question at all, did you do the maths before putting your statement the way you did? I am not saying it is impossible either, but it would give Bitcoin a market cap beyond $20 trillion. That is quite far fetched for now.