But it was hard to imagine that the price would ever rise above $1000 when I started to invest in Bitcoin and today the price is way above that. Therefore I know, much is possible in crypto area, even such a high price in the future, but that's not all I'd count on.
Imagine how that was for people who bought their first coins in 2010/2011. If you told them that Bitcoin would reach $1000 in 3 years, they would probably burst out laughing because it's so hard for people to fathom how something that's worth a few bucks can be worth that much.
I actually had a similar experience with a close internet buddy of mine who is an Ethereum fanboy. He kept repeating that its price would explode well beyond $100 when it was still below $10, which I (with my Bitcoin maximalist cap on) thought wasn't possible because everything at that point for me was a shitcoin and worth zero.
I am sure that he actually believed in Ethereum but was just speculating about its price, but still, he was right and I was wrong. I never ever again will underestimate any coin in terms of price action.
Hmm, that is really a true talk, from 2010 till date, apart from the bull which was not a natural move, as a result of adoption, bitcoin has been about to grow about 5000x and if not more than, and the adoption rate is still very low.
Let us now imagine another 10 years of Bitcoin more, with the adoption that keeps increasing on a daily basis, then there is no doubt that this Bitcoin will surely hit $1000000 in 10 years’ time. Well, let me not be too excited yet, we will all see this in 10 years’ time.
This is why my present BTC investment is tied to a 10 years plan. I am still trading with my investment, but the profit is what I take, while may capital still remains.