Topic: Buy the DIP, and HODL! - page 48. (Read 138798 times)

Sure there is a law of large numbers which potentially causes some slowing down of bitcoin in terms of its percentage growth, yet BTC reaching market cap parity with gold could happen as soon as within this next calendar year or it could take another whole cycle or longer.  I doubt that it is going to take 10 years for bitcoin's market cap to touch upon parity with gold's marketcap, but sure, anything is possible.

Regarding ease of access, I would speculate that bitcoin is easier to get than gold, even though sure there are some parts of the world (in various countries) where physical gold markets exist.

As bitcoin is adopted on greater levels, it will probably become more and more easy to get bitcoin, even though so many folks are still failing/refusing to hold bitcoin in their own self-custody, so we should expect self-custody abilities will continue to improve, even though surely there are many governments and financial institutions who are working to vilify self-custody, which in the end, bitcoin's actual power and value comes from its ability to be self-custodied.


It seems to me that governments are mostly interested in bitcoin for themselves, and not in terms of actually empowering people, and so we are not done with any kind of battle to make sure that we are not disempowered by governments' current interest to have bitcoin as part of their treasury.

Some of them might actually talk the right talk, yet we need to watch that they are not trying to take bitcoin away from the people, which seems to be part of their aims, while at the same time if they are successful in taking bitcoin away from the people, then they end up killing a lot of bitcoin's value proposition.. and perhaps even killing bitcoin itself.. even though bitcoin is pretty resilient to a lot of these kinds of attacks, so in the meantime, those of us holding and still accumulating bitcoin are likely benefitted by governments, financial institutions and rich folks pumping our bags.


Not all governments are onboard, and surely governments are not likely wanting to pump bitcoin in order to pump our bags, even though that it what they are doing.  I doubt that they want to give up control, yet they are forced towards considering bitcoin in various ways... and many of them still have hardly any clue about what bitcoin is beyond number go up technology... so we are still early days and no coordinated ideas about what bitcoin is even though,  yeah a lot of governments are realizing if they cannot fight it, then maybe they should join it.


A lot of individuals are going to end up having to buy bitcoin at higher prices, to the extent that we have not already bought a lot of bitcoin or at least that we have not already started.

So, yeah, the longer that any of us have been in bitcoin, then the more advantaged we are going to be, especially since many of us know that it tends to take a long time to build wealth and/or to stack suffiicient amounts of corn.


The punchline of what Saylor is recommending has to do with bitcoin being a stronger store of value than gold, so in that sense there is no need to keep gold if bitcoin is better than gold.  Sure, Saylor did not say that bitcoin is 1,000x better than gold, but he did likely say that by 2045 bitcoin will be around 13x greater price than gold... and that bitcoin is going to continue to grow.. so likely even Saylor realizes that bitcoin is in the ballpark of 1,000x better than gold, even though it may well take a while for those relative prices to be reflected in the market.


I wonder about your proposition that rich people have more problem than poor people?

there are all kinds of problems that people have, so I doubt that we can just generalize and say that one class of people have more problems than another, since the kinds of problems are going to vary depending on individual circumstances.

Many folks conclude that a lot of their problems relate to money, so that if they have more money then they will relieve a lot of their problems, which is likely true, even though they might have different kinds of problems that come from being rich rather than being poor... so I am not going to overly generalize about the kinds of problems that people have based on whether they are rich or poor.... but it would probably be fair to assert that the kinds of problems that poor and rich people face may be different, even though they might also share some similar kinds of problems that might not be related to money issues.

In my opinion I do not think it is right or advisable to invest in Bitcoin daily and even if someone earns daily it is still not good or advisable because it is definitely going to affect you in one way or the other and again I don't think someone can be able to be investing daily because that will be very tasking.

This is not true " people with low income have more unwanted work due to their low qualification"  with what I understood from this or with how I understood it you are trying to say that people that doesn't have money have more problem than people who has money which is absolutely wrong  and the reason why people think of this is because people who has money always taken care of their problem quietly without anyone knowing but to be honest with you people that has money has more and bigger problem or challenge than people that doesn't.

Bitcoin reaching number seven from this chart is an indication that Bitcoin is gradually surpassing everything and will continue to do so. The price of Bitcoin is constantly increasing along with the market cap of Bitcoin. Bitcoin surpassed silver and Saudi oil company Aramco this year after creating a historic moment for the first time in its history. As Bitcoin touched $100k, it reached number seven in terms of market cap of the top assets. And today the market cap of Bitcoin is over 2 trillion dollars.

Bitcoin will reach above everything, buy bitcoins regularly and hold it for a long time.

Sitting at number 7 from this chart is a clear indication of what is to come. Microsoft, Apple and others have spent a very longer time when compared to bitcoin which places bitcoin as one of the highest fast rising areas of economy. With the influx of more investors and foreign governments as speculated by Russia and America post Trump's inauguration, bitcoin might have a straight way up. It's much possible to dethrone Gold in the nearest future.

In the video of the mentioned tweet, Michael Saylor only spoke of the US government, not the people of the United States. There Michael Saylor mentions that the US government should ditch gold and buy Bitcoin. There must be a reason why Michael Saylor asked the United States to take such an important step.

Michael Saylor believes that if the US government takes this step, the price of gold will fall.
https://coingape.com/michael-saylor-says-us-should-ditch-gold-and-buy-bitcoin-heres-why/

Michael Saylor planned a capitalization of $42 billion on October 31st, they have purchased BTC 171,430 Bitcoins since that announcement on October 31st. They originally announced this capital to purchase Bitcoin.

That is why Michael Saylor, addressing the United States government or the people of his country, said that selling gold and buying Bitcoin and holding it for a long time. Because only Bitcoin can make the future bright, Michael Saylor said that MicroStrategy has purchased a large amount of Bitcoin.
The total amount of Bitcoin has been deposited at 423,650 Bitcoins, and they have a promise to deposit more in the future. Bitcoin is said to be reliable and has a fast yield, so he advised selling gold and asked Bitcoin to collect.

Is not a bad advice is a very good advice because what is the need holding unto something that is losing its value, giving people and government advice about achieving something great is super cool it's lift for them to accept or reject.

It's funny to see that in the early days of bitcoin government were against it and wanted to kill it thinking that it was within their control and there were several bans on bitcoin but still bitcoin as a baby was able to pass through all those rough period and survived till date. Now that bitcoin has turned to a teen is when the government are now showing big interest in it, because they have come to realize that there's nothing that can stop bitcoin from growing into an adult in future.

The government are now the ones rushing into bitcoin because they have seen that with them or without them bitcoin keeps growing, and they cannot stop it. This is why you see them planning on buying as many bitcoin as they can buy overtime, to use as reserve so that they don't miss out and regret for not acquiring more than enough Bitcoin for the future, because bitcoin has been tested and confirmed that it's a hedge to inflation and will give handsome reward for investing in it in future. How I wish that those individuals who are still doubting bitcoin can look into the future to see that bitcoin future is bright and invest in it before it is too late. Doubt can make you not achieve success when the opportunity is before you. Don't doubt but have faith in bitcoin like the government have now.

Yes, I remember in 2017, wherein there was a lot of comparison between gold and BTC, it's the question of "If" BTC's market cap could catch up with gold. Now it's very different, it's now the question of "when"... maybe in the next 10 years?

And if we look at the numbers, in the last 10 years, BTC market cap has gone like 160-170% if I'm not mistaken, while Gold in the same time frame likes double their market cap. So with that, it's just a matter of time before we can surpass Gold, specially if they remain stagnant or at least the growth is slow as compare to BTC. Most likely if we hit $700k per pop, by that price, we might be close or even overtake Gold in terms of marketcap.

We also have to take into consideration how "easy" it is for average Joe investors to acquire BTC as compare to Gold.

Of course, there will be variance, as the price will go down during the bear market. But still, when bull run starts it's hard to stop the herd from running and reaching another all time high very 4 years.

Buddy some people are always skeptical about things in life, so no matter what happens they can never be convinced about things, that's why you see many people regretting the recent upsurge of Bitcoin, the keep doubting while others are busy accumulating Bitcoin, it's is even funny for some to ask such question when the answer to his or her question is now practical, sometimes I feel some persons decide to ask this questions to get opinion from people in other to conclude whether to invest in Bitcoin or not.

My question is do this people ever on their own try to make some findings themselves, if an asset can reach $100k which makes it the most valued digital currency combined with other Fiat currency it's still the most valued then i don't know why someone should find such question necessary, the things is Bitcoin as a volatile asset must face some correction but it must surpass the current $100k plus we are seeing now in the future, if people consider the recent movement of Bitcoin then there would be no need for being skeptical about bitcoin outshining Gold totally in a long-term, it's just a matter of time.

Instead of this skeptical mindset by some individuals, I think it will be wise for them to start doing  the needful if they haven't already because we have reached a milestone which is $100k and as we all know it doesn't end there and by now we are supposed to be preparing for another milesrone which will come in the future, Bitcoin is a continues process but everything depends on what we want individually but as bitcoiners consistent buying and hodling should always be our goal.

Nah.. if they see the need to buy Bitcoin then they should make decisions themselves and not advising them(government ) / other investors to sell gold or any other assets  to buy BTC , if they wish to sell it then so be it.

Sure but for now they are still in the game ,Bitcoin seem to gaining  rapid attention , more inflows of investment day by day and probably in the future we might be seeing Bitcoin topping them all (it’s just a matter of time, might not be long though )

I buya the bitcoins at low price and I holda the bitcoins, forever, like dulce amore. This a bitcoins, its a magnifico!



Now I kiss the chef 

You’re definitely not wrong for questioning the validity of the claims that government adoption or savings are really what’s needed for Bitcoin to surpass and maintain a support level of $100k, and this is due several factors and reasons.
We all know that Bitcoin is a decentralized currency under a decentralized system, and this decentralized nature of the asset simply implies that the value and Adoption of the asset isn’t solely dependent on the government or any other centralized system or entity, but rather, its growth is been driven by several other factors.

Yes government adoption and savings can indeed provide an additional boost to bitcoin’s value and growth overtime but that doesn’t in anyway imply that it’s a prerequisite for the growth or success of Bitcoin.
The major drive of the consistent growth and adoption of Bitcoin over the years have primarily been the organic demands, as well as technological advancements and innovations.

So it’ll definitely be wrong to assume or think that government adoption of Bitcoin is the actual thing that Bitcoin needs to attain greater heights in the future, because Bitcoin made it this far without the support or adoption of the government and I’m pretty sure it has the potential of attaining even more greater heights with or without the government.

I see question concerning if it would ever be possible for Bitcoin to surpass Gold and it makes me wonder if those people questioning Bitcoin's potential are still in our time or the ice age cause getting to 100k alone should be enough to clear their doubts, i wonder if they've not seeing or heard that it's passed silver to be in the seventh place on the asset class so i wonder why they think chances of getting past Gold is slim. Well if might be slim currently but that's something that's bound to happen in future, it just like when it was mentioned in the past that Bitcoin would reach six figures, some critics doubted and even discouraged people not to invest on it claiming it's the fastest way they lose their money, however here we are. Bitcoin is a digital Gold and has great potentials, the earlier some doubters understand that, the better for them, it's still not too late for them to buy Bitcoin and hodl.

No, I misunderstood Wind_Fury post, but it is clear to me now.

I didn't see that clearly on the chart, but thanks for correcting me when I was looking wrong. Yeah, with time Bitcoin will occupy that number 2 spot in the asset class chart, and there's no two ways about it.

Are you referring to $crypto$'s post from earlier today?


The chart shows that bitcoin is number seven on the list, and sure probably within this cycle bitcoin will at least get up to number 2, and it may even pass gold this cycle or perhaps in the next cycle?  The path up for bitcoin is not even necessarily directly up, since bitcoin has variance in its valuations.

With what bitcoin has achieved and shown, I am very happy to be among the investors who are consistently accumulating bitcoin and holding it for a long time. Bitcoin is just new, but yet it has already surpassed Google, Microsoft, Apple, Amazon, and NVIDIA in market value, who have been existing a long time before bitcoin was developed. It's just a matter of time; we will see bitcoin doing the same thing to gold. I will not be surprised when that happens because I know bitcoin has what it takes to dethrone gold in market value.

 I doubt the that the USA adoption of bitcoin or any other government savings of bitcoin is required for bitcoin to go above $100k and never return to $100k again.  We should not expect that bitcoin needs government in order to save it or to make it more likely to go up without as many or as large of downward corrections.



Hopefully no one is deciding to hold any more than 10% of their value in Gold as compared to what they hold in bitcoin.  Even 10% into the shiny dinosaur rock is likely too much, buy hey guys can do whatever they like.  Even dumb things.

Don't forget that bitcoin is a digital currency and is decentralized making it more easier to use to as payment gateway for goods and services compared to gold because it goes beyond borders without intermediary. With your internet and exchange app, you can buy bitcoin easily and keep it in your self custody wallet. Bitcoin is used as an investment.

If someone is also ignorant of gold, he wouldn't still buy. Bitcoin is the new generation investment and that's why people who don't like tech choose to be ignorant of it, and they forget that we are in a technology era.

You are contradicting yourself in the above quote. You said bitcoin is for everyone but uneducated and you are still saying bitcoin is beyond the reach of uneducated person.

No one is forcing anyone to invest in bitcoin but only an advice for them to take the advantage now that bitcoin is still growing to invest and make use of the opportunity that it is offering. Bitcoin investment is by choice because it's your money and no one will force you to do whatever you don't want to do. If you don't invest now that you have the money, you will end up regretting in future.

I agree, if we have to flow according to historical analysis from the market, before we call it a DIP we have to fall half way past the current ATH. According to @Baofeng speculating on range $150K - $180K as what we expect for next year ATH, regardless i won't call nothing that isn't lesser than $100K a complete DIP, the price has to drop between $40K and $60K before investors can fully recognize a total DIP for the bear season.

Once the next DIP happens we will certainly touch below $100K but my concern, if the US finally passes the deal on making reserves for the next four years it will certainly have an impact in what we get as the DIP, a complete tone of 200,00 Bitcoin in a year is a big buy that is supposed to affect the market even if all won't be purchased at once. This could only be the scenerio were Bitcoin won't go below $100K in the next bear run.

I don't put them in a competitive arena, both are useful depending on actual purpose. If you need a stable store of value then Gold is the guy then if you want to make profits while holding as a store of value and many more knowing it comes with due patience of holding through cycles following it's volatile nature then Bitcoin is prefered. People don't compete Gold against Bitcoin with the idea of literacy or not both can have access to both Bitcoin and Gold without losing any of their portfolio, one thing is having a common sense of security and you will be fine. The only competition between Bitcoin and Gold is based on Market Cap which we all know Gold is way above in figures but that does not makes it better than Bitcoin either, know what you need and go for it.