Quote from: JayJuanGee on Today at 03:04:05 AM

Quote from: Richbased on Today at 02:34:06 AM

Quote from: Odusko on October 06, 2023, 10:57:34 PM

Quote from: JayJuanGee on October 06, 2023, 04:54:28 AM

Anyhow back to my assertion that bitcoin is not a mature asset class or a mature value, and in that regard, you are underestimating bitcoin if you are merely considering that it will go up 10x from here and then stabilize, when ONLY about 1% of the world's population is actually invested into bitcoin at this time, and perhaps even those who are invested into bitcoin do not even realize the extent to which they are underinvested into bitcoin, so bitcoin is still a very immature market and there are still a lot more people to come into bitcoin, and network effects and even metacalfe principles are going to continue to justify that BTC values (and prices) continue to go up exponentially with the playing out of those kinds of networking effects and metacalfe principles.

Bitcoin is just a decade old, and has done a $1trilliom market capitalization in the past which is proof of the potentiality of Bitcoin, compared to other assets in its class such as gold, even though gold has been in existence for several decades it it still doesn't match up to Bitcoin in all sense of it being an investment, although Bitcoin can still be regarded as a un matured investment due to it space of time in existence if comparing bitcoin to other assets like gold which have been seen and taken as a matured investments for several decades, this have been the only point we can point to that make gold to be above Bitcoin which is a time of existence of both assets.
All that will change in the coming years and Bitcoin will become a full flesh replacers of gold in it digital form and providing liqudities that will keep bitcoin investors at an advantage over other of it forks in that category.

Since bitcoin have been a volatile asset since the arrival of cyptocurrency, and the huge success being recorded since it was introduced i believe that we can be convinced with the authenticity of these asset just in a decade so now you can imagine in the next 30 years how it's gonna appear.

So far as bitcoin recorded these level of success just about 14 years now, you can confidently understand that it cannot be compared or measured with other altcoins and the possibility of turning into the next generation currency is obtainable because it have been used in more complex trades and successes were recorded.

You sound a bit lost with your intermingling shitcoins into your discussion.

Maybe you want to reframe your question and try to focus on bitcoin, especially since this thread is about bitcoin.

It will take time some time for many of newcomers to know how to use the word "cryptocurrency" because that was what many of us heard before we arrived here. Personally, I never knew the difference until I started following discussion in this forum. Now I'm better informed even though I am still learning.

Also many people are still struggling to really understand or are finding it hard accepting the fact that Bitcoin is different from the other numerous coins out there. Time too will make them understand. Therefore, I agree with you that our focus should be Bitcoin so we will avoid many distractions and unnecessary arguments that will not help us achieve anything here.

Quote from: Roseline492 on Today at 07:31:49 AM

Quote from: Sayeds56 on Today at 03:34:23 AM

The pressing question is how an individual with an average income can afford to acquire a meaningful amount of Bitcoin, especially when its price potentially reaches $250,000 within the next five to seven years.

good question, yeah actually it will be very difficult for an average person to acquire Bitcoin when the price has gone way up to $250k but perhaps this is one of the reasons why DCA strategy was introduced so that regardless of what Bitcoin price will become in the future people who are not financially stable will always have the opportunity to accumulate Bitcoin using DCA strategy due to the fact that price doesn't influence DCA in times of accumulation but instead it can only reduce a targeted accumulated amounts of Bitcoin either weekly or monthly due to the price increase, so no matter how Bitcoin price may have gone up DCA will always be there to guide us through the accumulation process.

This notion of Bitcoin price reaching $250,000 is still complex and difficult for me to comprehend because there are a lot of factors that will make it happen. As someone who is already accumulating Bitcoin, I will wish it would come to pass, but I don't want to dwell so much in that expectations so it will not make me take greedy decision regarding my Bitcoin accumulation. I will continue to apply my DCA the way I designed it to grow at a pace that will not put me into any form of financial pressure.