Such people clearly misunderstand the concept of investment and don't fully grasp Bitcoin's potential. Their only concern is how to make a significant profit in a short time. I believe most investors who wait for Bitcoin's price to drop and then buy have this mindset. However, this is an incorrect mindset, as investing in Bitcoin, when we talk about potential, is certainly different from other investment assets like stocks or other assets. Bitcoin has the potential to continue to rise in price, as its limited supply of coins will cause its price to soar. Furthermore, Bitcoin's security has been proven to be excellent, making it arguably the king of digital assets today. The factors that will drive Bitcoin's price to rise are due to the changing times. Bitcoin is a digital asset, and it aligns with the modern era. Most importantly, Bitcoin is an excellent store of value. Therefore, many people will be interested in and invest in Bitcoin. Therefore, its price will likely continue to rise.
Bitcoin's price has been increasing since its inception. I can learn from past history that Bitcoin is an asset that does not need to wait for its price to decrease. As the population in the world is increasing, the price of land is increasing. Because people need land to settle. And that is why the price of land will never decrease. Although it is sometimes seen that the price of Bitcoin has decreased, but if you compare it from 2009 to the present time, has the price of Bitcoin actually decreased? Everyone will say no, 2009-10-11-12 Bitcoin was very low at that time, but gradually Bitcoin has become very valuable now. If the price of Bitcoin continues to increase in this way, then reaching one million in 2050 is not a matter. People are becoming aware and are investing in Bitcoin. So say buy buy, not sell sell.
Unfortunately, you can't predict the future. 2050? I think it could be much closer. Maybe we'll get one million bitcoins by 2030.
What he said is a general principle, and it's important to remember that the reason Bitcoin's price will continue to rise isn't due to developments or changes in the times. Rather, it's specifically due to supply and demand. Bitcoin's price increases because of high market demand, so don't associate it with something broad without understanding it.
Have you bought it? You should have done so during previous downturns.Buying now is not also bad provided that you are buying it to hold for long term purpose, the encouragement should be to buy at any time regardless of the price, a no or low coiner should not be given the priority to buying Bitcoin in downturns since the price can very unpredictable.
Anyone who witnessed the bitcoin price action within the past 24 hours will understand that bitcoin has a lot to offer in the future. Bitcoin is currently building a strong resistance which it has exhibited recently. Anyone who's still waiting without investing or planning to sell mus be making a huge mistake. This period is for buying more and more bitcoin and if not buys, at least, there should be no sales. Holding your already accumulated bitcoin and/or buying more should be the way forward now.
Off course it has a lot of potential in it but what happened in past 24 hours plus in reality is volatility in action, as a matter of fact it is what it is, those that understand that bitcoin has a future in it has never failed to invest in it no matter what, they set of persons that has always complain are those that are in for quick profit and the keep getting dispointed, it is unfortunate that i still see people complain about bitcoin price being very high and because of that they wouldn't want to buy now because they are waiting for the dip, isn't this funny, why will someone decide to be a temptation to himself, who told them them that even though they price dips, it will dip to the level they want to, so as to enable them invest as they want it, it obvious that some folks are still ignorant of bitcoin investment at this stage but what we do rather than preaching it as it is to their hearing so that they won't have any other excuse to give when they fail to take up the responsibility, the time to buy is now, no further procrastination.
No matter how you preach Bitcoin to some person they will never agree to buy Bitcoin and that is their choice and their also those that you will only say a little about Bitcoin to them they will go ahead to study more about it on their own and take advantage of their learning and can take it more seriously than you that that said little about Bitcoin to them, you don't have to break your head trying to preach Bitcoin to anyone focus more on what you can do for yourself and let you testimony speak Bitcoin is not begging anyone to invest in it for it to be called Bitcoin.