Hy all. How are you.Do you have a long-term plan for cryptocurrency investment? What are your plans, Is it only to gain profits in the future? Or you have hope and other dreams. Thank you very much.
How I look at Bitcoin since 2013 till now. It is 'limited' virtual landscape that reflect price of adoption/apps into the blockchain/backbone of Bitcoin in determining price.
We are still in the 'early adoption phase' and below is 3 steps I use as a framework for HODL'ing Bitcoin since I got into BTC/crypto in 2013.
Myself, I see it in the framework of 10 years of bitcoin and use/adoption worldwide in countries where you hide gold in the basement for bad times.
Store of value wise.
(1) Bitcoin has adoption and uses at worst 2-3x that of the store of value that is gold.
Bitcoin will never go full tulips. IMHO, it will never go below $3k in that it as a virtual gold has a better use than gold as a store of value. So at worst
Bitcoin at 3K will go sideways due to use and adoption and grow like a traditional investment from then on.
(2) Bitcoin will pump to 10k and above and say at 10-15k the same thing. Adoption is met/use/etc and Bitcoin then grows from this point at the rate of a traditional investment.
(3) Bitcoin will do as it has done 7 times in the past go full parabolic past the ATH or even more. Because not yet even in the adoption phase yet in its store of value growth.
Also remember, I'd say 1/2 or more of ALL Bitcoin out there is owned by HODL'ers who held from the ATH all the way down to the 3.2k BTC lows. They have not sold out yet.
There are no 'weak hands' in that group of long term HODL'ers anymore. Again that counts as more than 1/2 of all BTC held at this time. They have all drunk the kool-aid.
As a result in the future, there is only those speculating crypto/BTC and newer. The last 3rd group besides hodler's and speculators are the newbies..getting in.
There is top 1/2 or more group of Bitcoin in HODL mode, there is no middle group, they sold and bottom new adopters, just drank the kool-aid too group.
Thus, if you think 87% of all the bitcoin has been mined with increasing difficulty and that 1/2 the HODL'ers being Kool-Aid drinkers not likely to sell all and get out.
We will see, chump or champ. But for those 1/2 HODL'ers I guess about motives like myself, are in at a much lower rate, likely to panic and sell someday with BTC under $1k demise.
So with that bedrock, of long term HODL'ers and adoption/increasing scarcity of coins, I can't see BTC going below 3K ever and I think 20k is more likely than the 3k scenario.
My 3-way risk on how I look at HODL mode above. There are a lot of us at even the 3K or 1K BTC price are still doing more than well from our first foray into Bitcoin.
That is how I justify my Bitcoin/Crypto speculative investment at this time.
Brad