Newbie to bitcoin here.
I started stacking in March once I determined bitcoin was no longer a risk, it was a sure thing.
What made me switch tune was the US creating a reserve and finding MicroStrategy.
However, I'm concerned about the end game.
Here it is, let me know how dumb I am.
Bitcoin dominates --> Regular John sees writing on the wall as fiat currency crashes --> Bitcoin is too scare and pricey to get any amount equal to the dollars they've saved --> large companies, governments, and early adopters become hyper wealthy --> major wealth gap and misery for most of the world except us --> sad state
If you're worried about Bitcoin, it's because you haven't truly understood what it really is. The day you truly understand it, you'll become more and more comfortable holding Bitcoin regardless of the price. Of course, there are highs and lows, like any currency, but the difference with Bitcoin is that it is real money, while the others are just currencies.