Quote from: JayJuanGee on Today at 05:58:23 PM

Quote from: Aanuoluwatofunmi on Today at 05:33:28 PM

Quote from: JayJuanGee on Today at 02:41:29 AM

So what? Bitcoin is still quite an immature asset, and it ONLY has around 1% of the world's adoption.

I don't doubt about this because once we have got more wings and thicker skin to have more increasing adoption rate, then the so called governments may be left with no choice than to accept all we have chosen as our preferred digital asset and currency, but that being said, we need to also encourage others in knowing more about bitcoin, this will also be easier for them to have the conviction of adoption once they can see the evidence of being a productive one from how we handles our trading and investment being a profitable one, because we have results to show for it.

We cannot really know the exact adoption numbers, yet many individuals are going to end up getting fucked because they are too slow to get themselves into bitcoin.

Right now we have some of the governments, institutions and rich individuals buying bitcoin and perhaps causing some folks to conclude that bitcoin adoption is higher than what it really is.

A lot of normies are going to be left at a disadvantage, and they will end up having to buy bitcoin at much higher prices, and even $250k is likely going to be a cheap BTC price in future years. Guys who are starting to invest now, and perhaps even needing to take 1-2 cycles or more to build up their bitcoin stash may well be able to get their bitcoin with an average cost that is less than $250k, since it can take a long time to build up a bitcoin stash, and each person has to figure out how much bitcoin that he needs, which is also a moving target.... and I personally, consider that figuring out your standard of living and then building up your bitcoin so that the 200-WMA value is 10x your yearly targeted income rate, then you will likely be able to live off of your bitcoin at that rate in perpetuity.

I have noticed that many are still having the Herd Mentality that makes them not to get interested in something until they see other people doing such they they must have done when it was much easier. This is the same psychology many people are having that they don't get interested, investing in Bitcoin because they believed they need motivation and results of others before they can take a bold step to invest in Bitcoin.

Perhaps, we would not be surprised again seeing investors trying to buy Bitcoin when the price reaches 250k or more because of their misception about the crypto market. Many will always get to the market late due to many factors including fear and risk of investing. The wise investors don't play with huge opportunity to make money in the crypto market even though they don't have adequate knowledge about how it works. They are always ready to learn and take responsibility of their own success by learning and investing for bigger opportunity to earn more even though it's going to take several years to hold.