Post
Topic
Board Speculation
Re: Road to 100k?
by
Marvelockg
on 14/09/2024, 12:35:16 UTC
$1000 dollar today is not the  same tomorrow
1000 BTC today is not the same tomorrow
Though similar statement, the former depreciates in value while the later appreciates.
$1000 dollar now could have a value of $100 in the next five years
While the reverse is the case of Bitcoin
Is up to you to decide if you about the now or the future.
when you even relate $1000 of yesterday to it purchasing power as at today, instead of the amount to remain of the same value, it even depreciates in value with time. Save up $30k in the bank or in any place where you're certain that it form will remain intact and leave it that way till the next four years and take it back to check it value. A lot of the things you could buy with such amount of money at that time would have done at least 5× it current price while your money remains the way it is. The only way you're certain that regardless of the inflation that's ravaging the world, your funds is also gaining as the price of goods and services is gaining and that it's even possibly doing better than that kind of increase in price of goods is to invest it in a good asset like Bitcoin.

Even If you're not able to get so much BTC and you were only able to buy as much as you finance can carry, it's still far rewarding than when you left the little excess you have in fiat form allowing it to suffer from inflationary tendency over the period of time you plan leaving it. From result past holders had and the expected returns those buying below the $100k mark will have, now is certainly the best period to buy as much as we can buy now that we're still below the $100k mark.