For the people who believe in bitcoin (which this subreddit must have a good portion of those who have "bought in"), what would/could change your mind?
What would make you stop Hodling, DCAing, caring about bitcoin? For most in this sub, I would guess nothing.
There is a base of support for bitcoin that will never go away. Some might call this fanaticism but show me a technology that hasn't had an early adopter fanatic base of users.
- A monetary asset not controlled by a central authority - there will always be demand for an asset such as this and the drivers of this demand are growing daily.
- A monetary asset without counterparty risk - demand will only increase for this.
- A monetary asset with a known monetary policy - demand will only grow, supply will not change.
My point is that there is only one way to go from here. The cart is out of the barn. The cat is out of the bag.
The level of Bitcoin adoption (at this point) only has one way to go: up.
Believers aren't selling, and new Bitcoiners are mined every day.
We are in at least a small part in an echo chamber, our belief in Bitcoin bolstered by the confidence of each other in this sub. There is no doubt about that.
But I think (fully understanding going deeper in the echo chamber here) the point where bitcoin's global adoption can be stopped has already passed. The momentum is too strong to be stopped at this point. Bitcoin is a runaway train of adoption in the first turns of its wheels; when the wheels get up to speed, nothing can stop it.
There is no way to put the genie back in the bottle.
Rant over (sorry for all the idioms and metaphors)
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