Are there any old price predictions like from years ago which were actually correct?
Here’s what I was saying 13+ years ago. I believe the price was around $5 at the time and in chat groups I was saying the price would hit $4,000. For the record, I paid off my mortgage in 2017 and became completely debt free. At the time you could mine a BTC per day on a regular household computer. I think the most important part is the final sentence. That is what kept me from cashing out before I reached my goals.
This is what I'm thinking. I don't see why anyone would sell before 2016 unless: A) They're greedy and mine simply to make a quick buck (this never works out). B) They're poor and $20 is a lot of money to them, in which case they shouldn't be mining bitcoins in the first place, they should be finding a job. C) They don't know anything about bitcoins and have no clue that there won't ever be enough for everyone in the US to even have 0.1 of them, let alone people in the world.
I'm hoping to sell my bitcoins when they'll pay off my mortgage and not before. Hopefully that happens before I pay it off myself in the year 2031. If they never return a penny, at least I got to be a part of something I believe in.