Gosh.. you are starting to sound like somac.., Saidasun, and sure there could be some nuclear bomb ramifications of our ongoing craziness.. because resetting of various financial and governmental systems do not tend to be completely peaceful - even if bitcoin might allow for some mechanisms for even countries to transition out of the various messes that they have been making and doubling down upon their various levels of dumb (corruption? running off with the wealth from the sinking ship? etc).
Regarding the BTC price going up another $100k from here, that seems pretty likely in either this cycle or the next one.. and to me it seems more likely in this cycle rather than the next one.. but hey, I am not really the kind of guy that puts too many eggs in such exorbitant changes in such a short period of time, even though we have frequently been experiencing such exorbitant changes in bitcoin prices on a fairly regular basis in the past 10 years or so.. so any prudent person should be striving to have some preparation in such possible (probably "likely" is a better word?) exorbitant BTC price scenarios - without necessarily using high levels of leverage that may well not be necessary in order to either become richie or to become less poor (or some variation in between), even though some leverage can be complementary to any kind of investment strategy that attempts to focus on value and fundamentals and production rather than consumption value.
Its troubling times JayJuanGee as I am sure you can agree! I might be that crazy person that buys a bunker but you can bet your buck that it will happen as soon as Bitcoin reaches high enough. I will be sure to post some pictures of my luxury bunker when it does happen. Regarding the BTC price going up another $100k from here, that seems pretty likely in either this cycle or the next one.. and to me it seems more likely in this cycle rather than the next one.. but hey, I am not really the kind of guy that puts too many eggs in such exorbitant changes in such a short period of time, even though we have frequently been experiencing such exorbitant changes in bitcoin prices on a fairly regular basis in the past 10 years or so.. so any prudent person should be striving to have some preparation in such possible (probably "likely" is a better word?) exorbitant BTC price scenarios - without necessarily using high levels of leverage that may well not be necessary in order to either become richie or to become less poor (or some variation in between), even though some leverage can be complementary to any kind of investment strategy that attempts to focus on value and fundamentals and production rather than consumption value.
I am in for the longer run and I do not take out very often but I still check the price of Bitcoin probably like 20 times a day and that is not including what you guys say on here and the frequent posts from our beloved ChartBuddy.
I do not care when 100k happens just know that I will be ready for when it does and that bunker will be mine
Around mid-day yesterday (maybe a couple of hours after your above post, Saidasun), my uncle did acknowledge that he read my earlier texts to him regarding my bet proposals, and he texted me back and said that he just does not like texting back and forth, so he would prefer to meet to discuss. I sent him a text saying that I will meet whenever he wants.
I was working on a draft text to send my uncle.. but I just cannot bring myself to send it… I suppose that I just do not want to be pushing things (especially when he seems reluctant to respond to text messages) or seeming to be gloating about bitcoin’s to date performance as compared with gold and stock index funds – which should be obvious.. but since I drafted the text (and have not yet sent it to my uncle), I will present the draft here in this thread (and therefore it does not go totally wasted).. Also, I might reconsider and later decide to send some variation of it or to share the information with him in some other form, but I have it in a draft form, at least.
Here it is:
>>>>>>>>>>>
The evidence is just overwhelmingly convincing that BTC has outperformed both gold and the stock market (referring to index funds), and sure of course, the longer the timeline for investing the more evident it is that BTC has outperformed both of those asset classes.
Furthermore, there is no real evidence or knowledge based convincing logic that the trend is stopping, and really the investment thesis is stronger for bitcoin today than it was in 2014 or 2016 – even though the price is 78x and 40x higher respectively.
Let’s take those two timelines as examples. First is if you had bought $25 per week of bitcoin starting in our late 2016 conversation on the topic, which is 5 years. Your bitcoin investment would have been $6,525, the value of your bitcoin would be about $70k (about 2.1 BTC accumulated), and the percentage of increase would have been around 10x. In that same period, Gold and stock index funds would have only been $8,432 (up 29.23%) and $9,255 (up 41.84%) respectively. Here’s a link to that information.
https://dcabtc.com?sd=2016-07-20&sda=5_years&f=weekly&d=5_years&ac=1000&c=true
Another timeline would be if you had bought $25 per week of bitcoin starting from when I first sent you $10 worth of bitcoin in late 2014, which is 5 years. Your bitcoin investment would have been $9,150, the value of your bitcoin would be about $325k (a bit more than 10 BTC accumulated), and the percentage of increase would have been around 34.5x. In that same period, Gold and stock index funds would have only been $12,352 (up 35%) and $14,491 (up 58.38%) respectively. Here’s a link to that information.
https://dcabtc.com?sd=2014-07-20&sda=7_years&f=weekly&d=7_years&ac=2500&c=true
Either way, investing in bitcoin has been a great investment and there is nothing saying that the party is over. Bitcoin has and will likely continue to outperform any stock index fund or gold in the coming 4 years or more.. and probably any other hard or soft asset in your investment portfolio.<<<<<<<<<<<<<
Gloating is never a good look but he was pretty insistent himself that stocks were the better option right? I must say that meeting to discuss a bet does not sound like a friendly little wager I was working on a draft text to send my uncle.. but I just cannot bring myself to send it… I suppose that I just do not want to be pushing things (especially when he seems reluctant to respond to text messages) or seeming to be gloating about bitcoin’s to date performance as compared with gold and stock index funds – which should be obvious.. but since I drafted the text (and have not yet sent it to my uncle), I will present the draft here in this thread (and therefore it does not go totally wasted).. Also, I might reconsider and later decide to send some variation of it or to share the information with him in some other form, but I have it in a draft form, at least.
Here it is:
>>>>>>>>>>>
The evidence is just overwhelmingly convincing that BTC has outperformed both gold and the stock market (referring to index funds), and sure of course, the longer the timeline for investing the more evident it is that BTC has outperformed both of those asset classes.
Furthermore, there is no real evidence or knowledge based convincing logic that the trend is stopping, and really the investment thesis is stronger for bitcoin today than it was in 2014 or 2016 – even though the price is 78x and 40x higher respectively.
Let’s take those two timelines as examples. First is if you had bought $25 per week of bitcoin starting in our late 2016 conversation on the topic, which is 5 years. Your bitcoin investment would have been $6,525, the value of your bitcoin would be about $70k (about 2.1 BTC accumulated), and the percentage of increase would have been around 10x. In that same period, Gold and stock index funds would have only been $8,432 (up 29.23%) and $9,255 (up 41.84%) respectively. Here’s a link to that information.
https://dcabtc.com?sd=2016-07-20&sda=5_years&f=weekly&d=5_years&ac=1000&c=true
Another timeline would be if you had bought $25 per week of bitcoin starting from when I first sent you $10 worth of bitcoin in late 2014, which is 5 years. Your bitcoin investment would have been $9,150, the value of your bitcoin would be about $325k (a bit more than 10 BTC accumulated), and the percentage of increase would have been around 34.5x. In that same period, Gold and stock index funds would have only been $12,352 (up 35%) and $14,491 (up 58.38%) respectively. Here’s a link to that information.
https://dcabtc.com?sd=2014-07-20&sda=7_years&f=weekly&d=7_years&ac=2500&c=true
Either way, investing in bitcoin has been a great investment and there is nothing saying that the party is over. Bitcoin has and will likely continue to outperform any stock index fund or gold in the coming 4 years or more.. and probably any other hard or soft asset in your investment portfolio.<<<<<<<<<<<<<
and sounds more like lets measure who's balls are bigger. If you do meet and discuss terms be sure to keep us up to date because if you do not gloat I will gloat on your behalf. 
