Quote from: oktana on Today at 11:37:33 AM

Quote from: cr1776 on April 06, 2024, 01:06:44 AM

Quote from: oktana on April 05, 2024, 11:50:03 PM

With the ATH that we have today, $100k is realistic though it may not be happening immediately. As for $1M, it going to take a long while, and I am not sure if right now I can speculate how long it’ll take.

Quote from: VanKushFamily.com on April 04, 2024, 10:12:46 PM

I Bought my First Bitcoin at $30, I then Sold at $1,000.

I tell people that it is almost impossible to hold Bitcoin from the onset and have access to it but intentionally decide not to sell. Who wouldn’t want to sell something they bought for $30 when the new value is about 30x gain.

I am glad you said "almost". Compounding can really pay off when you have patience. Think about this: I read that Warren Buffett had about $1.5 billion in his mid-50s. Respectable for sure, but if he had died at 60, few people would've known his name. With 120 billion now, he's made most of his money from 60-93. It is similar with bitcoin. Sure, going from $30 to $1000 is great, but going from $0.10 to $70000 is even better. With the US ETFs, halving, Hong Kong ETFs, layer 2s, insane spending ($1 trillion in new debt every 100 days for the US) etc, the future looks bright for usage and eventually fiat price reflects that.

As far as price goes, an order of magnitude or two (perhaps even 2.5-3) is easily possible over time if demand continues, new supply is halved, and less supply is coming on the market (e.g. from GBTC related sales for all the reasons that have been discussed elsewhere - fees in GBTC, FTX etc nonsense etc).

I’m not sure why I said almost. Maybe just to give a little grace but you can’t tell me that you know someone who had access to their Bitcoin and they bought it when it was at $30 and has held it every single day till this day. I mean… they had access the whole time but never decided to trade it. Not even to trade it and buy back some other time. That’s impossible. Someone who buys at $30 and sees an opportunity to sell at $10,000. That’s a lot to say they wouldn’t. After watching it grow.

I was Selling at $1,000, and I was just Surprised it was $1,000 each, I expected $10,000 but I also didn't think I would Stop Earning 7 Bitcoins a Month after just a few Months. We need more Websites like DevTome connected to DevCoin, it would be Good Competition for Steemit and HIVE if there was a bunch of DevTome Clones.