Monday, 31 August 2020

At this point, the chances of Bitcoin dying are next to impossible


The worst that could happen to Bitcoin was that it would become some obscure decentralized internet network with no real value. But at this point in the game, it's too big to shrink away into infamy. Wall Street is buying, hospitals are starting to accept it, banks are accepting it, stores are accepting it, PEOPLE are accepting it. It's too far adopted at this point for the dominos of adoption to stop falling. We're on a path that leans in an overwhelming direction towards Bitcoin's continued growth and adoption in this world. It was always a Binary equation when it started, and at this point, it's only got 1 way to go. Do you think Grayscale's clients who own the over 450k Bitcoins are going to want to let them go? MicroStrategy who bought it as a treasury financial reserve asset? Any of these guys who will adopt in at the pro level of the financial world? We're at the brink of another parabolic run, and even if Bitcoin repeats history and 1000% jumps, then dumps 80%, do you think these guys would sell? Even after the drop, they'll still be over 200% on whatever they owned pre ATH. AKA, 20k.​These guys are going to see what we all saw after our first parabolic runs. They're going to see what happened, look at the history and see that it does this every halving, and realize what this truly is, and where it is headed. And these are hodlers who are already experienced in holding over 10 years, 20 years, 50 years, 100+^F'ing years. These are the same institutional buyers pumping the stock market right now despite this pandemic. Once they get a taste of Bitcoin, they won't stop doing everything they can to get more. The volatility will slow down, the growth will become more consistent, boring, and predictable even, just as the stock market is today. But the math holds true; once these guys are fully adopted, and all the adoption dominoes have fallen; Bitcoin will be over 10 million per coin. Then growth will probably be as boring and predictable as the stock market. The math will dignify it to still grow faster than the stock market does today, but boring with no massive swings in price as we see today where you can buy at a 50% discount just 1 day later. By then, most companies will probably have already converted their stocks into their own cryptocurrencies of sorts. It's the only logical next step; cuts out the stockbroker middlemen, just like Bitcoin cuts out the banks. All I know is before this next run happens, you'll want to get in, like now; before this next run even starts pricing over 20k. Because after this whole next run up and drop is said and done, you'll be lucky if we ever see a 20k Bitcoin again. The best chances will be a drop to 30k if we break just over 100k, or 70k if we break just over 300k. That's if we even get the 80% drop that history has shown this time with these old school investors now joining the game now.​Buy now, before we break 20k. Hell, keep buying whenever you can until we hit 20k again. I can guarantee you; after 8 years of buying through these markets, there is no better time to buy than right before the start of a parabolic run. Sure, you'll wish you'd have bought when it was at an all-time low price period, but then you'd have to wait potentially up for 4 years for the next parabolic run to start after a halving to experience any of the historical crazy price run action you've heard so much about. Buying 6 months after a halving like now puts you on the financial rocket ship that is Bitcoin, right before takeoff, making you able to experience the ride that has made thousands of people addicts to this decentralized network over the last 10 years. IN the next 10 years, it will be millions of addicts; in the next 30, it will be billions. And the price, well the price will be numbers we think today as impossible. Because if you think 10 million is where this bad boy is stopping, then you really don't understand what will happen when the owners of quadrillions in value, become addicted to a decentralized network that's capped out at 21 million coins, and those owners of those quadrillions in value begin to move their asset holdings into Bitcoin in order to feed their addiction to this decentralized network that many of us have grown to know. They'll being to move their assets into it like a crackhead selling their mom's TV just to score an ounce of meth after experiencing this financial ride. *Buy every chance you can, every paycheck, hop on this boat before it's too late and you miss another opportunity of insane ROI*. Don't get me wrong, even in buying in on the next cycle, you'll still be exponentially profitable if you hold for the long run. But every time we have a parabolic run, that exponential potential becomes less and less. Although exponential none the less. The 10k dollars per Bitcoin range will be looked at in 50 years like we look at the days of Bitcoin being worth less than a penny per Bitcoin today. Hell, 10 years from now will be looking at a 10k per Bitcoin price like we look at buying Bitcoin at 20$ a coin today. via /r/Bitcoin https://bit.ly/2YStRzC

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