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Individual mentality and perspective differs, he just started his fact and his mentality on what Bitcoin will look like or is for him but one thing is you don't force people to change or believe what is right rather you only tell them and then it is there choice to chose between what is been said and what they have in mind.
Saying Bitcoin can not do 2x of it current price is absolutely wrong and not true and this mentality is why some people did not invested earlier when Bitcoin come into existence, most persons see it as a scam some people say it won't go anywhere etc but today Bitcoin is more than 10x it initial price, I hope and I know Bitcoin will still surpass this level.
Sure bitcoin can continue to go up from here in this season, and it could go anywhere from merely reaching our current ATH or it could go another 5x to 10x or more for this cycle.
At the same time there are no guarantees that we will have such levels of a bullrun for this cycle or even for the next cycle, yet part of the reason that many of us stock up on bitcoin is because those kinds of runs continue to have decent odds of playing out .. .so we can choose our BTC allocation size in order to be in a place to potentially benefit from such price runs if they were to take place... whether this cycle or further down the road.
Of course, another thing is trying to stock up on bitcoin earlier rather than later, and each of us need to figured out how much we can stack up in 4-10 years or longer, since we anticipate that bitcoin is going to continue to be a good asset to have and to continue to buy, even though we may well not need to buy more of it, if we can stack up earlier rather than later...so in that regard, considering, 2x, 5x, 10x, 50x and even 100x from here is not unreasonable even though surely the higher the number the longer it may well take to play out.. and also the higher the number the longer it may take to be able to both get there and also to become sustainable at those higher rates.
I actually do love the mix of optimism and realism in your post/comment. You’re absolutely correct by implying that Bitcoin’s performances suggests that those crazy ass bull runs could eventually happen again, but like we already know, there’s absolutely not a single guarantee. So it’s pretty much about just weighing the odds involved and using that to make better and informed choices.
Without a single doubt, your assertion is very much agreeable that stocking up Bitcoin pretty much earlier than having to do it quite later is indeed a very solid strategy. When it comes to having to figure out how much one needs to accumulate next 4-10 years, and even more in some cases, it’s kinda like a personal decision but having and maintaining a long term perspective is the key to success when investing in Bitcoin.
Again, It might seem kinda crazy to consider those massive multiples, I mean the 2x, 5x, 10x, 50x and so on which you mentioned, but when/if you really think about Bitcoin’s history and previous achievements, you’ll get to know that it’s not entirely unreasonable or impossible to hit those multiples. It really doesn’t matter how long it’ll take, because sure, it’ll definitely take some time and that’s exactly why it’s always advised to maintain a long term plan and approach. And you’re definitely correct, the higher the multiples the longer it could take to reach and also sustain those levels.
But once one is able to find a balance between being optimistic and being cautious, and being ready for whatever the future, then it’ll be a lot more easier to navigate and sustain your portfolio level effectively.