I am not sure if I will also be around after a decade but it is said that time is likely the safest speculation that Bitcoin will hit a million dollars.
But we do not know how this cycles that keep on changing every time we are on it. It might be quicker for the next few years and cycles to come and we might get too close to it.
I'll hold but I won't miss to sell because that's how it should go and we have to enjoy taking profits.
What do you mean by not so sure you’ll be around after a decade?
He means that when it comes to bitcoin, he is a weak hand, and he does not have confidence in it as an investment that will continue to gravitate value into it.
Most likely he does not understand bitcoin very well, and sure if there is some time in which bitcoin seems that it is losing the strength of its investment thesis, then we could get out of it if we can see that in advance.
if we believe that bitcoin has decently good chances of going to zero all of a sudden or suffering some other kind of sudden crash in value in which we would not be able to get out our value, then we should modify our position size to account for those kinds of possible scenarios.. .that does not mean all or nothing in bitcoin, but still people can choose their position size and some people will end up benefiting more from the ongoing wealth transfer from no-coiners to coiners than others... and your ability to be on the receiving side rather than the losing side may well have to do with your actually having some coin.. Your choice regarding how much of a position size you believe to be a valid trade off, even if you have doubts in the strength of bitcoin's long term investment thesis.
Come on JJG, please don't be too harsh on me. My portfolio is composed of majority in Bitcoin. What I mean by that is I don't know if I'll still be living by that time.
You don't know what I am experiencing right now and what may happen to me by tomorrow or after a decade and that's why I've said I don't know if I'll still be around by that time.
I've got a position that I can decide to hold even more than a decade but it is that I don't know what tomorrow may bring to me and this is outside bitcoin and the market. I may not be a bitcoin maxi because I hold some alts but it has the biggest portion of my holdings and my heart. <3