[...] we are well out of the long bear market now. The effects of the halving won’t be seen for months yet. The next big bull run is going to melt our faces off, definitely $100,000+ by 2022.
Are you ready?
Are your bags full?
The train won’t wait for long!
Wondering how many new people learning about Bitcoin feel the train has already left the station, even at current >$9K prices.
Going somewhat from experience, the concept of bitcoin really does not have much likelihood to sink in without face melting price moves. That is NOT about the asset, it is more about how people tend to be.. they tend to not be able to take notice of something unless there is something dramatic and amazing going on with it, and face melting rises to that level of attention grabbing.
Broker IBKR for example recently dropped the requirement of a minimum first deposit of $10K because they were losing too much retail business. Joe Average does not have a lump sum of $10k to invest, let alone in something still considered very speculative as Bitcoin.
Sure that bitcoin is going to garner the attention of some BIGGER time investors, but likely there is going to be a lot of ongoing inclination for retail investors, and they are going to invest all kinds of small amounts. Sometimes just a few hundred dollars or whatever they can garner up out of the cookie jar or grandma says to buy a little, just in case.
Not being able to buy an entire bitcoin at once could discourage many from putting in any fiat at all.
Yep.. people tend to be kind of dumb in that regard, and likely causes the bitcoin prices to remain a bit lower, and those of us who have gotten over that kind of unit bias thinking are able to profit from our assymetric information position.
Think that after the next price cycle Bitcoin won’t be denominated in bitcoins anymore, as gold is generally not in kilos.
I am looking forward to our transition to satoshis... and hopefully you are correct that a unit transition might be able to be achieved in this next cycle.. perhaps? no guarantees of course.. even if we get 10x, that is only 1 more digit, but yeah 100x might make such transition to satoshis even more practical...because it is two digits.... great.. bring us two digits.. that's 1,000,000.. which surely is harder to achieve, even though John McAfee had some confidence about $1,000,000 during the midst of the 2017 price run.
When 0.0001 is worth something in fiat terms you'll be glad you hadn't. Fees will be going down proportionately in btc terms.
