I agree. Just want to add that since we are talking about our expectations regarding the price of BTC, I want to say that I personally don't like when some Bitcoin supporters say "1 Bitcoin = 1 Bitcoin". Not that it's not true, but you can say the same about Zimbabwean dollar, or any other trash currency, you can say the same about any sh*tcoin, right?
If something worthy has a limited all-time supply, the price of that thing will be rising in the future. It will never be a smooth ride up, the road will be bumpy, but overall it can go only one way.
If something worthy has a limited all-time supply, the price of that thing will be rising in the future. It will never be a smooth ride up, the road will be bumpy, but overall it can go only one way.
Bitcoin was designed to be a deflationary cryptocurrency, so technically speaking, it should go up in price over time. But that doesn't mean there will be setbacks along the way. There will be times where prices will go all the way down the drain due to unfortunate events in the mainstream world. That's the right moment to invest into Bitcoin before everything goes back up again. If you're smart, you'd buy and "hodl" until the tide is over. Weak hands (especially newbies) will ultimately sell their Bitcoin because they truly don't know how the crypto market works. At least, we know Bitcoin won't be going anywhere soon. Who knows if 10-20 years into the future, Bitcoin reaches $1m per coin? Just my thoughts
Totally agree with that. One of the times like you are talking about is now. I won't lie, I personally don't buy BTC these days, because my country is in a very harsh situation right now, no one can afford investing in other things those of prime necessity. But it's obvious that BTC will reach a new ATH in a year or two, and people who buy it today will have a good return on their investment.