@MuffinMaster if you were to buy $1,000 worth of BTC for every $5,000 in BTC price loss, do you think you would have made a mistake when it goes down all the way to $50,000 or not? You could do the same for every $5,000 it goes up again and use that as a fixed rule. You can see what the effect is when you look at MicroStrategy. Waiting would have cost them money for several reasons: BTC is fixed in supply, waiting can be costly because you may miss out on price gains and you give others time to pursue their strategy to build whatever amount they are aiming for. MicroStrategy understood that very well and waiting was no an option for them as they have a huge strategy in place.
Now the normal guys can't be compared to a company like MSTR obviously, but MSTR is competing with big companies themselves. I think MSTR considers every price a dip for the time being, if you know what I mean, and they are not done yet.
Yep.. lots of people, institutions and governments will be trying to copy some version of what MSTR is doing, and those people, institutions and governments who employ a waiting rather than acting strategy are likely going to end up in a worse off position as compared with those who had been acting.
IMO some of this institutions and governments hadn't realised the potential of bitcoin or were very sceptical about what bitcoin would become even in the last 15yrs, some may have had it figured out when to buy but the mere fact that bigger players has not been into bitcoin investment they pretend not to see the benefits of entering into bitcoin investment. And of course this will or may cost them alot in a long while as MSTR has a better vision of bitcoin. However delay (procrastination) is always an enemy to success and it doesn't just apply to individuals including institutions and governments.
On the contrary, they do and even know it better than us because they don't play with money and power so they have more resources to research and gather information more than you can imagine. Don't be surprise that the reason some of them are against Bitcoin may just be because Bitcoin will weaken their power and control. Their media propagandas is not because they don't know the power Bitcoin holds but they don't want more people becoming aware of that else the number of people embracing Bitcoin will increase and so will their control of the fiat system. So the authorities will not easily give up their power and control of money and who have access to it.
However, they seems to have become aware that they really cannot stop Bitcoin so instead of fighting what they cannot stop, they chose to know who has what, the reason they are against anything privacy.
I quite agree with you, the government of some countries are only threatened by the financial freedom Bitcoin gives, that's why there has been sponsored negative propaganda in some quarters. but one thing they are quick to forget is the fact that, the knowledge and the success stories of Bitcoin is growing fast like a wildfire, people are more interested in business and investment that will give them profit in a long term especially the ones government cannot gag and Bitcoin possesses that might. We all know that it will be hard for the government to accept the new normal, but there nothing they can do.
Most governments are busy trying to give you an idea of your attraction to fiat growth regardless of your performance. Governments are very focused on increasing individual investment and expecting to get taxes. They are considering every sector seriously to increase the productivity of fiat. On the contrary if they continue to try to launch projects to increase Bitcoin, then the possibility of getting more interest for ordinary investors is for example El Salvador's President Nayib Bukele.
Bitcoin can provide a holder with financial freedom and help him to be more secure at the end of his life (retirement) if he stays in DCA strategy. The period is 4-10 years or more and I especially recommend Bitcoin savings for those who are financially independent and have little disposable income left. Friend, the negative campaign about Bitcoin has been going on since the beginning and it will continue forever and some governments of the world are delaying the adoption of Bitcoin. I am pretty sure that they will realize their mistake soon like Donald Trump.
Bitcoin success stories are spreading like wildfire, leading to an increase in the number of investors worldwide. While it is not easy for any government to adopt Bitcoin, there are efforts being made to make it difficult by some quarters who only study its negative aspects and are blind to.
Funny enough the whole essence of government is to make life easy and Worth living for the citizens, but when government begins to block opportunities citizens are supposed to explore, then it leaves us with a lot of reservation. This is one reason I salute the courage of a leader like Donald Trump, who has come out in full to support the Bitcoin Community at least with favourable policies he has promised to implement once he is sworn in as the President of America. If we can have leaders cut across board that have the mindset of Donald Trump when it comes to Bitcoin, trust me this brainwashed mindset some persons have towards Bitcoin would have reduced drastically by now.