Seeing and reading people say that owning just .01 bitcoin will make you rich in 10 or so years. From what in got from it was mostly due to the limited amount available. At one point or another it will all be purchased and held. Not a bad little nest egg for my kids down the road.
I don't think that will be enough. If Bitcoin goes to $1 million then .01 will be $10,000. If it goes to $10 million then it would equal $100,000. 10 years from now $100,000 will not go very far.Seeing and reading people say that owning just .01 bitcoin will make you rich in 10 or so years. From what in got from it was mostly due to the limited amount available. At one point or another it will all be purchased and held. Not a bad little nest egg for my kids down the road.
I was looking at that too. I may do that just to see if it really happens. Are they claiming that any piece of BTC will be valuable no matter what, just because of scarcity? That doesn't calculate for me because I assume it is always going to have a set value so how could that small amount be worth more than its market value?
As ignorant as I am, I agree with this. Same amount of money invest in ETH or ADA will net you a higher return is say 20 years. Take alot of money to make money on Bitcoin. With that said I will still continue to my 25.00 a week in BTC and 25.00 a week in ETH and throw whatever extra I want to other coins.i almost got the feeling that it was more about being able have some, be one of those fortunate people who own some. I agree with @quad in that .01 really isnt enough, especially considering what the dollar will be like in the future. IMO if i take that $600 for each of my children and put it into cardano, eth, or maybe xrp, and take profits when they run and rebuy when they retract and then hold.....in 5 years ill be waaayy ahead of buying .01 bitcoin and holding it. I feel that crypto is here to stay and while nothing is guaranteed, investing in eth and ada (btc too) is as close to it as you can get. these are legit companies situated for future growth and success. And investing at even current prices of eth and ada are great great returns. Just my opinion and this is my strategy for the most part. I dont need to own bitcoin to say i own bitcoin. im not looking to belong to any special club. i am however looking to maximize my gains and grow my bank account as fast and as big as possible and these are amazing opportunities to do so. it doesnt happen to hurt that the democraps want to give me a crapload of money to help facilitate my growth.
so from what you know and hear, this bullrun will go until august or whenever this fall, then retract possibly 60 to 90% and then another bullrun in around 4 years? do i understand that right? so invest as much as possible and sell at some point, buy more and then hold?As ignorant as I am, I agree with this. Same amount of money invest in ETH or ADA will net you a higher return is say 20 years. Take alot of money to make money on Bitcoin. With that said I will still continue to my 25.00 a week in BTC and 25.00 a week in ETH and throw whatever extra I want to other coins.
If you look at BTC's history it rises and falls and repeats and grows. I'd say look at it's charts and make a guess on the next peak. Sell and then reinvest everything you have when you feel it reaches bottom. Rinse and repeat that and you might do well. But I'm still new in the game....soooooo there's that.so from what you know and hear, this bullrun will go until august or whenever this fall, then retract possibly 60 to 90% and then another bullrun in around 4 years? do i understand that right? so invest as much as possible and sell at some point, buy more and then hold?
Can you please post a link where we can see the future contracts of 82k 92k? Also what does PI stand for?If we go parabolic over the next 2 maybe 3 weeks we can trigger a PI cycle crossover.
Good luck to everyone going for the top tick.
Futures market really looks to be solid buy totals to 82k ish.. and sells to 92k ish.
I'm looking to lock in gains at the mid 70s
so from what you know and hear, this bullrun will go until august or whenever this fall, then retract possibly 60 to 90% and then another bullrun in around 4 years? do i understand that right? so invest as much as possible and sell at some point, buy more and then hold?
If you look at BTC's history it rises and falls and repeats and grows. I'd say look at it's charts and make a guess on the next peak. Sell and then reinvest everything you have when you feel it reaches bottom. Rinse and repeat that and you might do well. But I'm still new in the game....soooooo there's that.
1 more thing...IF we get the ETF this year, and its allowed to settle in Bitcoin "OR CASH EQUIVALENCE"
The 21 million scarcity is dead. And i wouldn't put it past them.
Not to be FUD. Just something to read for in future prospectus.
Disagree, I don’t think Bitcoin will ever correct to that depth again.I’m predicting bit will be under $10k at some point in the year 2021.
Disagree, I don’t thing Bitcoin will ever correct to that depth again.