1) I did my homework…I know where this is going, so day to day or even month to month values mean next to nothing to me. I have literally gone months without even looking at the current value. In 2018 I had no clue it had dipped below 4k.
2) This was always a long play for me…buy and hold…for years…not weeks or months. This isn’t a get rich quick game for me…that being said I will likely be able to retire a few years early because of it.
3) Bitcoin isn’t going to zero at this stage. If you don’t know why that’s true, then you don’t understand network effects and Metcalfe’s law. If it’s not going to zero its going to go a LOT higher.
4) It’s not going to get banned in the US. It will get regulated. Thats a good thing. That will bring in even more institutional investors. Regulation means “legitimacy”.
5) Central bank digital currencies are coming. They will have no negative impact on BTC…they will likely drive it even higher by introducing even more people to the concept of digital money.
6) If this goes where I know its going…I’ll never need to sell. I’ll take collateralized loans against it and earn interest off it. Neither creates a tax event and both allow me to keep all my Sats.
submitted by /u/Astropin
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