That’s Micheal Saylor’s favorite arithmetic. As right as that might be, if you waited for the bear season, you’d have 3 bitcoins with just the same amount of money. That’s an ‘if’ statement though; else, nobody would have to file for bankruptcy. Bitcoin looked well on its way to $150,000. That would have been an easy $55,000 from the current price
The market is a tool, a fair one in my opinion. The unpredictable nature makes it fair to all and fair to none. No, this is not a collapse, just a wild crash. If a certain approach works for you, then that’s as good as the best approach. Buying the dip or just moving with the rest of the market; both work and both fail too. Studying the market improves your chances of making the right move, even when that happens, there’s still a wide failure margin. Just in case you plan to poke fun at people who bought the top. ‘The top’ is a temporal place anyway. It used to be $20,000 just some years ago.
Sounds weird if you are simply trying to make some quick bucks, but the price of bitcoin is in development; just like the technology itself. Regular jerks at intervals, but that’s just market emotions moving in both ways. The move sideways makes up the fun, or pain; subject to personal situations. In the short term, values are volatile, and negative dives are bound to get harsh. But in essence, 1 bitcoin remains 1 bitcoin.
The influenced pumps and dumps come and go, but organic growth lingers. The growth is fueled by people realizing just how important decentralized solutions could be in the not-very-far future. Blowing up every single news (positive and negative alike) has helped in the ‘price game’ but on the other side, bitcoin continues its journey of global domination.
Unlike the global fiat system and the majority of cryptocurrencies; bitcoin has a fixed supply and varying demand. Variations in demand could be due to numerous factors. The factors Could be as serious as a full-blown military invasion and as trivial as a set of social media influencers and a Reddit community. Now, I undermined the power of the latter. Degenerates contributed significantly to the 2021 bull run that spread across the stock market and crypto market.
Twenty-one million bitcoins to serve an almost infinite demand. The Current demand is enough to drive the value from zero to $100,000. Less than a month ago, a slightly bigger demand saw its value top $107,000. Periodic demand jerks are bound to occur and settle at levels higher than the previous peak. Price follows this trend as well. In contrast, the technological and tokenomics progression is steady. One full bitcoin is already a prized asset, every indicator points towards a steady increase in value.
In a market like the one cryptocurrencies serve; holding on to investments could be an emotional struggle. It is not so different from investment sectors, to be fair. In the past decade, bitcoin and cryptocurrencies have shown huge profitability relative to these other options. Of course, if you understand the technology and what it represents, these explanations will be surplus to your needs. Not sure if that’s the case. So, here’s the point; 1 Bitcoin = 1 Bitcoin. Price swings are normal. If you enjoy the green days, the red days shouldn’t faze you…so much.
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I am so sure that in years to come, we will see bitcoin to be worth much more than it is right now. I am so sure of that and I am really certain that we will see more of it to come in years to come actually
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