Bitcoin

posted by justincredible

Pretty interesting chart I've never seen before. I'll predict $100k by 2022, $1m by 2026, $10m by 2030.

Also this chart highlights pretty well why waiting 4 years is smart. The number is always bigger 4 years later.

Ideally I recommend never selling. After 4 years of holding and, hopefully, doing more research along the way I'm confident most would end up holding a lot longer.

posted by justincredible

Issuance of new coins halves every 4 years. The cycle tends to follow from there.

So should be happening again in the next 18 months?

posted by Ironman92

So should be happening again in the next 18 months?

The price should blow past the $64k ATH from a few months ago by early 2022. I feel comfortable guessing $100k, but can see it being much higher than that. 

posted by justincredible

The price should blow past the $64k ATH from a few months ago by early 2022. I feel comfortable guessing $100k, but can see it being much higher than that. 

I give it a quick look every day….

This November I get a $10,000 insurance payout for not using my cancer insurance for 20 years. Considering doing a chunk of that.

Finally back to $50k.

https://www.yahoo.com/news/donald-trump-says-cryptocurrencies-disaster-110206031.html

He doesnt understand crypto so everyone else must not understand it also

He's partially right. There is bitcoin, and there are disasters.

Watch the Bitcoin price tomorrow. Should be interesting. 

Been steady rising with minimal drop back last month

When do you suspect another drop?

I don’t expect a big draw back until well after hitting a new all-time high. I think we’re hitting a period where the price will consistently be rising for a while. I could be wrong, obviously, but I’d be surprised. 

Whatever happens, I’m still accumulating every single day. 

posted by justincredible

Whatever happens, I’m still accumulating every single day. 

You mean buying more each day?

Yes. I automatically buy an amount each day. And then randomly buy more on days when I have extra money with no other purpose.

lol, this was an unexpected drop.

Another $2k drop since my post 3 minutes ago. Wild.

posted by justincredible

lol, this was an unexpected drop.

11%. What happened?

Not sure yet. This was not the price action I was expecting, but my post from last night definitely wasn't wrong.

It appears the discount is ending 🥲

Thanks for the dip @IMFNews. We saved a million in printed paper.

El Salvador now holds 550 bitcoin.#BitcoinDay #BTC 🇸🇻

— Nayib Bukele 🇸🇻 (@nayibbukele) September 7, 2021

Justin you may have said already but do you own any Ethereum? 

posted by friendfromlowry

Justin you may have said already but do you own any Ethereum? 

I bought a little in 2017 and kinda forgot about it. I converted it to bitcoin earlier this year.

I am 100% bitcoin.