Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: A blog about someone planning to retire early with Bitcoin
by
hatshepsut93
on 13/02/2024, 23:25:13 UTC
⭐ Merited by vapourminer (1)
One more thing, I think Bitcoin is as predicable an asset as you can possibly get. It's four year cycles have worked like clockwork. There are certainly no stocks that whose price movements you could possibly predict as well as the 4-year cycle price movements of Bitcoin. That's one of the great things of keeping money in Bitcoin as opposed to stocks, it not only grows faster but is far more predictable.

People only could predict that there will be a bull run after the halvening, I never saw anyone precisely call tops and bottoms, it's always wildly off.

It doesn't take much skill to extrapolate the past performance with mathematical formulas or even drawing charts by hand, but it always fails because people don't understand the fundamental reasons why those cycle happened. And without such knowledge we actually can't tell if these cycles will keep repeating or not.

I could easily build a case that after halvenings stop impacting the available supply, not only there will be no bull runs after the halvenings, but the price could majorly correct from all the overinvestment that happened during the early emission phase.

There is no asset that is completely risk free, but risks of Bitcoin are many times higher than those of safer assets like real estate or stocks of big companies.