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submitted by /u/gigapants [link] [comments] |
Friday, 7 May 2021
My story - from 2017 to now: How I have learnt to ignore everyday Bitcoin price movement, instead I am now focusing around the 2024 halving. Safe to say Bitcoin will be at least $500,000 in 2025.
I started to hear about bitcoin in 2017 and started buying when Bitcoin was $5,000
Went through the 2017 hype and hodl through the 2019 crypto winter. I have to give myself credit for being a humble believer because i have seen so many people just giving up and quitting chat groups and just gave up on crypto between 2018 and 2019, which was totally understandable coz Bitcoin was at one point $3,500 and ethereum was $80 (from $1,400 atm). Yes that was grim and cold and hard and it was the most depressing period for all believers. I lost some coins due to trying to be clever and tried to trade the market but luckily i managed to keep most of the coins untouched.
Yet after the 2020 halving, the price is now $55,000..... 10x of what it was when i first moved in. Bit instead of getting mega excited like i was like at the 2017 year end $20,000 atm, for some reason i am ultra calm, like happy about its latest ATM but still calm.
Perhaps it is because i have been through this once already, how it may just gonna go mega crazy up up up and perhaps may slide down once again from $300,000 to $60,000 (80% fall just like before), like having that mental expectation relieves me from having to check price every 5 minutes
Instead i am looking forward to the 2024 halving, and most likely how it will be under priced (again) at that time, how the Republican may win again, and how maybe some central banks would start to buy. Yet the most sure thing is: in 2025 Bitcoin will reach $500,000
And so relaxed I am.....Bitcoin can go down 50% and up 300% like a yoyo like it has always done for the past 12 years and its cool.....Bitcoin will get us there.
Lets mark this post, and we will recircle back to this in 2024 - happy hodling everyone I hope this brief experience share will help.
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Thursday, 6 May 2021
Btc market share at 44.9% on CMC
It's interesting to see Btc market share currently at 44.9% on CMC. I posted yesterday that I feel sentiment has changed, and I think it has.
It wasn't the corporations, or Elon that got Btc where is today, it was the little guy; the cypher punk, the folks that wanted to see real change in a world run by the banks and the ruling class.
But Btc - much like an elected official that made their constituents many promises in order to get elected, but then fails to deliver - has done the same thing. It promised change, and gave us more of the same. I can't believe I am the only little guy realising that Btc is no longer what it set out to be.
Of course I don't blame Btc, how can you, it is code after all. But the people who maybe thought they were doing the right thing, were wrong. Yes the number has gone up, but if all those little guys decide to move - as I am doing - then that market share is going to come down further. And that's without new innovations that are coming along and projects that are more viable as P2P Cash, like Bch.
And much like the election analogy, people will start to vote with their feet, and I believe that is what we are seeing now. On a personal level I don't want to be a part of just another corporate feeding fest. Btc set out to change the world, but was highjacked by jackals - whether on purpose or not - and has after 12 years - become just another ticker symbol on the stock exchange.
Nothing stays the same, which is something I tend to live by, though Btc Maxi's believe that is not the case. Time will tell. Change is good, even if sometimes it feels uncomfortable. Btc can't go back to its roots due to the corporations that have now bought into it.
It's still early days, but talking to friends who have been Btc Maxi's for the last 5 years or more, I feel a sea change coming, and I think that is reflected in market share.
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source https://www.reddit.com/r/btc/comments/n5ykcj/btc_market_share_at_449_on_cmc/
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