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Rambler wrote

Everytime I read these headlines I cry inside a little knowing that when it was $40/BTC I wanted to spend $100USD on Bitcoin but wanted to wait 'until the price went down'.

Then over the next few months it didn't go down, it went over $1,000 and people freaked out.

Live and learn. :)

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yidakee wrote

Same thing is to be expected now. Expect a bumpy ride, remember, a heck of a lot of folk got in between 15k-20k, and then BTC crashed to 3.5k. Three years later, many will be around break even, and happy to exit at zero ROI. A lot of hands will be shaking before moon rockets are engaged.

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jack_walking OP wrote

Don't really agree about that. I think much of bitcoins (if you don't count burnt bitcoins and early miners' wallets) are now owned by large investors / bank / funds, so professional guys and not the average shaky-hands Tom.

The difference between now and 2017 is institutional investment, which is made by professionals, who are supposed to take a more rational approach.

Besides, we were floating around 10,000 USD before this bull run, so we're now at 2x, while in 2017 we went from 4,000 USD to 20,000 USD, which means 5x.

I'm confident that 18,000 USD may be a good support level, and the sky may be 30,000 USD at the end of 2021.

Of course mine are pure speculations.

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yidakee wrote

yeah, you have a point for sure. Just never underestimate a good 'ol bear trap.

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jack_walking OP wrote

I think the times for 10X are over, yet I would be quite confident about a +30% in 5 years.

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[deleted] wrote

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Rambler wrote

Not a bad deal really. I had some "change" in an old wallet that I cashed out recently after sitting there like six years, but not enough to do much with. Still was nice though.

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