Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 07/10/2023, 03:04:05 UTC

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.

Bitcoin is likely pretty close to inevitably going to continue to be volatile in the next 30 years, but surely if bitcoin's market cap continues to increase it will likely become less volatile with the passage of time.. but as you seem to hint 30 years is a long way to project out, so it does not have very much to do with the topic of this thread except maybe to the extent that your buying BTC (and even loading up on BTC) right now will give you a lot more options 20-30-40 years into the future, so maybe even slow accumulation now and in the next 4-10 years will then result in such BTC accumulating person to have a lot more options when it comes to 30 years down the road.. so long as s/he had not ended up losing the BTC along the way.. so one thing is accumulating BTC but another thing is actually making sure taht they are secure and periodically checking security and keeping up with the better ways to hold your BTC... whether that is going to change or not in the next 30 years seems to also be something that is hard to predict but seems likely since we are ONLY 14 years into bitcoin, as you mentioned.