Scarcity is one of the reasons why bitcoin keeps increasing because there are so many investors who are willing to buy bitcoin at any given price because of its scarcity, which triggers the price to increase.
This another good reason for us to keep our bitcoin accumulation ongoing so that we can have some good portion in our portfolio and hodli for long because in future only the rich might be able to afford it. You should know that any asset that's a store of value ends up aporeciating overtime, and a time will always come that the poor and average might not be able to accumulate more even though they can buy bitcoin in units.
some people are still feeling that Bitcoin is expensive at it current price, however that's not true the fact is that we as humans are always scared of taking the right steps, when Bitcoin was $30k some set of people still saw it as being very expensive and that made them to invest in shitcoins however in just few months and years Bitcoin has doubled in value and those shitcoins they invited there money to has remain stagnant some has even went below there initial price value.
Those that are into Long term Bitcoin investment won't have this thought that Bitcoin is too expensive, it is only those who are traders that always have such feelings because they feel if they buy at high price they will lose, if anyone feels Bitcoin is too expensive now and because of that he won't start accumulation let him or her get ready to regret because surely Bitcoin will double in it's price value because Bitcoin has not grown to half of it's limit.
And yeah it is true that Bitcoin is highly volatile in nature however it's volatility doesn't negatively affects your investment as a Long term hodler, the significant gap between its current price and its potential future value prevents Bitcoin's volatility from having a major impact over the long term hodlers, if you keep focusing on the current price of Bitcoin and think is too expensive then you will regret will the price double in future.
Accumulate little by little now that the opportunity is here because the future of Bitcoin is very bright.
Dude to be honest with you the price of Bitcoin now is really expensive even though it hasn't gotten to half of it's future value but currently now it is expensive and the people that sees it to be more and very expensive are people who don't understand the benefit of investing and holding, and some think they can't buy little by little because they don't have an idea. However, traders doesn't actually look at the price of Bitcoin or how expensive it is all they do is look at the market, carry out there analysis and suggest the possible result or the possible movement of the market. In as much as our income are not the same hence Bitcoin will continue to be expensive to some individual and not only to some individual but also to some investors.
You are speaking a lot of gobble-dee-gook, sotelorene.
It is like you don't really understand what is bitcoin, yet you want to make an assessment that people have troubles figuring out if bitcoin is too expensive or not, while at the same time you are implying that bitcoin may well be expensive at these current prices.
How can you determine if bitcoin is expensive or not, and why would it even matter unless you happen to have some kind of a solid expectation regarding where the BTC price is going to go in the near future, which surely I doubt that you do, and I doubt that anyone does, even though a lot of us have theories that may or may not end up playing out in reality.
Yes, any of us can look at bitcoin charts and proclaim that we can see where we are at and from where we came, yet that still does not provide a lot of evidence in regards to where we might be going.
On a personal level, if you have ONLY been on the forum for a bit less than 1.5 years, then hopefully, you have been able to establish a decent investment into bitcoin, and if you have not established a decent investment into bitcoin, maybe you should be putting your head down and focusing on accumulating more bitcoin rather than fucking around trying to prognosticate whether BTC prices are currently high or low?
I have a hard time imagining very many normies who have been in bitcoin for less than a year and a half who have been able to establish a decent enough bitcoin investment in order to start to sit back and relax in regards to their own BTC accumulation journey, yet sure maybe your circumstances are different, and perhaps you have been in bitcoin longer than a year and a half. Maybe you can explain how you have gotten so informed about assessing the extent to which you believe bitcoin to be expensive or not? Perhaps explain for yourself and explain for the typical forum member who is more likely not sufficiently stacked up on their quantity of cornz, especially if we consider what some of the BIGGER players have been doing in recent times, whether referring to MSTR and/or various governments or even referring to those folks/institutions and/or governments who seem to be gobbling up exposure to bitcoin through spot price ETFs.
Dude to be honest with you the price of Bitcoin now is really expensive even though it hasn't gotten to half of it's future value but currently now it is expensive and the people that sees it to be more and very expensive are people who don't understand the benefit of investing and holding, and some think they can't buy little by little because they don't have an idea. However, traders doesn't actually look at the price of Bitcoin or how expensive it is all they do is look at the market, carry out there analysis and suggest the possible result or the possible movement of the market. In as much as our income are not the same hence Bitcoin will continue to be expensive to some individual and not only to some individual but also to some investors.
You're also among those who consider bitcoin to be very expensive based on your explanation, but you can only consider it to be expensive if you do not truly know what it means to hold bitcoin, or that idea of picturing bitcoin to be expensive is based on comparing the past price of bitcoin to what it is currently; if you are calculating the missed opportunities that you could have used to accumulate and you missed those, then you will consider it to be expensive.
But since Bitcoin is divisible in nature, you can purchase a little unit of it with what you can afford, hold it, and the value will keep on appreciating over time. If someone keeps considering Bitcoin to be expensive, then they will never buy a single unit of it. Holders are the people who don't consider it expensive—not even traders.
I will suggest that historically, there have been so many folks who look at the bitcoin charts, and they make comparisons of bitcoin prices to other assets, and attempt to assess bitcoin as a similar kind of an asset or to proclaim that bitcoin is a mature or a maturing asset, and so they fail/refuse to appreciate a kind of exponential s-curve adoption that seems to be ongoing in bitcoin, so yeah, plenty of those folks are going to have fun staying poor because they either fail/refuse to buy enough bitcoin in order to sufficiently/adequately prepare for UP or they end up selling too much bitcoin too soon for similar kinds of reasons.
Of course, there is no guarantee of UPpity in bitcoin, yet we have seen it over and over again in which folks think that they got bitcoin figured out, and they spend too much time failing and/or refusing to focus on building their BTC stash rather than trying to show how smart they are in regards to their vision of where BTC prices are and/or where BTC prices might be going.. without adequately weighing upside price scenarios.
Even though personally, I cannot really proclaim to know where the BTC price might be going in the short term, I still get the sense that bitcoin's investment thesis continues to get stronger rather than weaker, even if some of the UPside potential might not be as exponential as it has historically been.. and even with upside potential, we likely can identify that bitcoin is likely in the ballpark of 1,000x or more better than gold, yet bitcoin is currently priced at around 1/9th the market cap of gold, so relative to gold it seems that bitcoin likely can appreciate 9,000x or more, yet it could still take 50-200 years or more for such pricing to play out in real world markets, which also does not necessarily mean that bitcoin either bitcoin or gold stays stagnant, so the price of gold could still go up or it might come down, and surely bitcoin's addressable market is not ONLY tied to gold, but instead tied to a lot of areas in which assets have been monetized, and bitcoin is a better money (and store of value) than the various places in which value is currently being held in less efficient (less sound) monies and/or assets.
At time same time, the revaluation of assets, currencies and commodities are not going to take place overnight, in terms of a lot of that monetary value continuing to flow into bitcoin, in spite of various likely ongoing battles along the way that again could take 50 to 200 years to play out, while at the same time, if we are in the earliest of stages of the greatest transfer of wealth known to man from no coiners to the coiners, then it seems that it would be preferable to be on the receiving rather than the giving end of such wealth transfer, especially if we are able to see it as compared to so many people who are struggling to see such at thing happening and likely to continue to happen.
