Bitcoin Has Gone Over $100,000 Again!
Oh no! We've missed out again! We could have made lots of money if we bought at $90k! If only we had known!
But, now it is too late!
What if, you really are too late?
Are we in another bitcoin cycle, or are we in a super-cycle?
Investment money has entered the market, and we believe the cycles will just continue like the last three? Are we insane? Or, are we just following the charts?
We are too late?
This is a very weird place. On one hand, we have left the time of gambling that this tech would go somewhere, to now it is becoming a financial asset you can invest in. Basically, bitcoin has leaped the gap. But, does this mean that there isn't as much upside potential as if we had bought in at $1000? or $10,000?
There are very few examples of things making a 10x. Making a 10 bagger is most stock investors dream. And bitcoin is going to one million undoubtedly. There is just too much buying pressure for bitcoin not to do 10x from here.
And one million will just be a rest point on the climb to bitcoin becoming a money, and probably the world reserve currency.
So, there is huge upside left, and most of the risk is gone. Buying bitcoin is a no brainer (except for all the other alt coins that will be doing 100x)
However, you may be too late. There are a LOT of corporations, states and countries that want bitcoin, and there is very little of it for sale on exchanges. If you do not buy soon, you may never have any bitcoin.
Bitcoin will never drop below $100k again
Well, bitcoin has a love affair with crossing over key points a dozen times before leaving that number behind, forever.
I know of at least one REALLY BIG pull-back coming, and so, do not believe that this is the last time it will cross $100k. However, i bet this BIG pull-back will be so short, that you can't buy any of that cheap, cheap bitcoin.
At some point, in the near future, bitcoin will leave the $100k band, and go on to much higher numbers.
Does it really matter how much bitcoin you have?
A while ago, many suggest that you get one whole bitcoin. And that would be good for you to retire.
Now, people talk about 0.1 btc, or even 0.03 btc as being more than enough.
In the future, families will have a party when their up and coming young adult gets there first WHOLE satoshi. Imagine a satoshi being a significant milestone in bitcoin holding!
The only difference in how much bitcoin you need to retire is how soon do you want to retire? 10 bitcoin and you can probably retire now. Later this year, you might be able to retire with only 1 bitcoin. In four, or eight more years, you will seriously only need 0.1 or even 0.01 bitcoin.
And these numbers i am giving are probably too high, as you can spend part of your bitcoin, and be left with more wealth then you had. You spend a little bitcoin, and a year later, the bitcoin you have left is worth even more than what you had last year.
With bitcoin it is more important to buy bitcoin instead of worrying about trying to catch the bottom. In a few years $100,000 will seem cheap. Whether you bought at $90,000 or $103,000 will make very little difference when bitcoin is well above $1,000,000.
Dollar cost averaging is one of the best ways to buy bitcoin. The peaks are short, and the accumulation phases are long. If bitcoin keeps up with this pattern, then buying a little each time, over time will be close to optimal buying, with lots less stress.
BUT! if bitcoin just starts going up and never coming down, then buying a little each time will be even better. (there are many future possibilities where people try to flee the dollar, or flee fiat, and all rush into gold, bitcoin, anything solid. There are others where large corporations and govern-cements all try to get some bitcoin. And their war to gather more bitcoin than the others, will make bitcoin more and more valuable.)
In the end, you will have more wealth than you know what to do with. Unless you are one of those people who want to have yachts, super cars, mansions. But, if you just want a decent house, and to not work, any amount of bitcoin will see you to that place. It will be just a matter of how much time.