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.
Actually, we can't really tell anyone about the future, but we have to move forward with our future plans. People don't believe in breathing, so they can die at any time, so why don't they plan for the future? Of course, we should save thinking about the future. And for this, I think Bitcoin is good. Yes, I bought it and set a target, I will buy a little bit every month. I won't think about selling it. It would be good if it were in 2030, but it is not possible to say whether it will happen so soon, although the demand for Bitcoin is increasing day by day. So the price will also increase day by day, supply is low, demand is high, so it is natural for the price to increase.
It seems that the odds are pretty high that bitcoin will at least touch $1million and higher by 2030. It might not stay above that price, and surely it could even end up touching $1 million by this year or next year.. It can be difficult to know with any level of confidence, which does not take away from the idea that guys likely need to be accumulating bitcoin at any price at least for a good 4 years or longer...and yeah, of course, guys have to judge for themselves what to do, and then to be the ones who experience the consequences of their actions (or their non-actions).
All these expectations about Bitcoin's price, according to you and others, are not wrong. However, I hope that confidence is based on sound personal fundamentals, financial preparedness, and careful decision-making, as we know fluctuations can sometimes be mentally challenging for a holder.
You don't always need to be financially prepared to invest into Bitcoin. All you need is to invest from your discretion fund, if you are waiting to be financially prepared or stable to invest, then you may never invest because if we don't creat opportunity to invest we may turn a no coiner because there are a lot of problem to settle and it may not occur to us that Bitcoin is important. But if we invest as little as we can, we may as well be doing other things while life keep going only to realize that we have acculated a sizable amount in due time.
Secondly Bitcoin price fluctuation does not affect Holders but only traders. You can not be a HODLer and thesame time be having the mindset of a trader except you are a trader.
It seems to me that there is no reason for a bitcoin accumulator to panic sell if he already had developed and had been following various plans to manage his investment and to develop and practice strong cashflow management, so confidence comes from the reinforcement of ongoing actions, and yeah, when a guy is first building up his bitcoin holdings, it can take a whole hell of a lot of time - 1 or 2 cycles to get the bitcoin position up to a size that is meaningful within the guys income and position in life, and so we do not necessarily buy bitcoin with an intention of selling right away, especially if we might have an investment timeline that is 4-10 years or longer..
So maybe if the bitcoin accumulator will spend 6 years accumulating BTC, and then he might spend another1-2 years merely holding before transitioning into some kind of a sustainable withdrawal that might be price-based and/or time-based.
I go over quite a few of my ideas related to sustainable withdrawal
in my thread, and it seems that I have been a proponent of incremental sales of BTC rather than selling large chunks of the accumulated BTC at any given time - which I would consider large sales to be serving as a forum of trading rather than an investing approach to BTC portfolio management. I dont' recommend trading bitcoin or even setting up a bitcoin portfolio up as something to get in and out of rather than setting it up to be 4-10 years or longer, and generally guys should not be selling their whole bitcoin portfolio in less than 10 years unless he has age and/or health related matters that contribute to such need to sell at a time that is less than 10 years.