Quote from: Silberman on February 19, 2022, 07:24:59 PM

Quote from: Hypnosis00 on February 19, 2022, 10:18:47 AM

Forget about Lambo and mansions as 7-10 years from now you 1BTC isn't enough to have one of them unless you sold your BTC or unless if 1BTC is worth $500k. Well, that sounds impossible, right? I'll just be predicting it reach $200k if the demand will tend to improve as well as the adoption but if not, we can still see it below $100k.

To imagine that 7-10 years from now Bitcoin has become a legal tender is gonna be possible but not all countries will adopt it. So, if you are in a country that accepts Bitcoin, then you're too lucky.

Besides even if in the future we could convert one BTC in a lambo should this be done? After all even luxury cars lose some of their value after they have been used while bitcoin goes up in value the longer you hold it, so it seems like a bad business decision to get rid of something like bitcoin for something that is just a frivolous purchase, now if you have a lot of money then you could afford it without spending all your bitcoin, but still I think there are other ways to spend our money and get more enjoyment out of it.

If you are so into investment and wants to maximize the profit in 7-10 years, those money you want to buy for luxury or to spend it for leisure, you can actually use that money to buy more fractions of Bitcoin regardless of the current price, that'll be worth way more than the current price in 7-10 years. That actually sounds like an early retirement plan right?
Lambo, mansion, and all other luxuries isn't important anyway, retiring early and enjoy life would be much more important.