Looking back Bitcoin has had a hell of a ride.
One aspect kept comming back though; underestimating the next step up.
Just look back at conversations in different time frames, every hurdle was going to be impossible to take, to just being rolled over...
It was never going to reach $1, for sure $100 was dreaming, reaching parity with an ounce of Gold well keep dreaming, ever going to touch $10k you are just insane, companies going to use it as their reserve pffff get out.....
And next ath will be the same..
No matter what it will be the incoming money will again surprise most. If it will be pension funds, governments, hedge funds, or whatever I don't care..
The only real risk I see is a possible panick.
Number of newly mined coins is low compared to what it was, while mentioned parties above have WAY more fiat to spill than previous cycles mainly initiated by just small parties.
If the next run gets just a bit out of hand things go nuts. If pension funds, or governments openly step in, demand would outstrip supply by a magnitude.
Which Hodler is going to sell if price goes nuts and no end in sight since every one can do the basic math how much fiat will roughly chase that limited number of coins?
Just that attitude will make the price go even more nuts..
Look at the dire state of most fiat.
Look at the unsustainable debts.
The system will start to crumble and not just the weak usual suspects, no this time big players like the Euro and Dollar will get hurt.
I don't know how we should prepare for such an bull run. All I can say is 'don't get blown away, don't sell easy'.
Hodl, strong.. .
Edit: It won't matter what the price is going to be, it will matter how many stats you have stacked and if you could Hodl....
[link] [comments]
No comments:
Post a Comment