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People who are buying/holding now - what's the long term plan? Expect even more demand... until? Or is there not "until" and you expect it to go up indefinitely

by jstx1 5y ago

People who are buying/holding now - what's the long term plan? Expect even more demand... until? Or is there not "until" and you expect it to go up indefinitely?

xiphias2 5y ago
This is very controversial, but as long as someone accepts that Bitcoin is better money than fiat currencies (which I believe) with a 2x/year adoption rate (right now it’s hundreds of millions of people), fiat currencies will hyperinflate in 2030. I already have non-Bitcoin friends using either stocks or houses as savings, and fiat holders will be the bag holders…people who get into debt will be the winners.
capableweb 5y ago
Been holding/using Bitcoin (when possible) since ~2013. I have it because I'd rather use it than anything else, and I imagine a future when it's a decent alternative to cash, but we're not there yet so I'm still waiting. I have no qualms with the price going up or down, as long as eventually I can use it for purchases and giving/receiving friends/family, which I can already do, but it's on a very small scale.
Geee 5y ago
In long term it should replace other forms of money and assets that are used for storing value. Demand stops growing when everyone uses it, and the value will stabilize.
thebean11 5y ago
I never expect to hold zero Bitcoin, but I do plan on selling some in 2022 just to rebalance into other investments / reduce risk exposure. I still see a lot of growth potential, and I believe the current market cap is overstated. Many many coins are permanently lost, my bet is that the true market cap is significantly under $1T.
ur-whale 5y ago
> what's the long term plan? If BTC held at these levels for the next 20 years, I wouldn't mind. As long as it holds it own against inflation, it's a pretty nice store of wealth. If it goes another 10x, I won't mind either, obviously. But I really don't need it to: it's got other advantages.
kinghajj 5y ago
Keep holding until the sell orders I have trigger, then put the after tax proceeds into my brokerage. If it goes up more, sell repeat. Never plan to sell 100% of my holdings. Once my brokerage account and/or the portion of my stash on crypto interest platforms is enough to provide a generous regular income, FIRE.

by jstx1 5y ago

People who are buying/holding now - what's the long term plan? Expect even more demand... until? Or is there not "until" and you expect it to go up indefinitely?

xiphias2 5y ago

This is very controversial, but as long as someone accepts that Bitcoin is better money than fiat currencies (which I believe) with a 2x/year adoption rate (right now it’s hundreds of millions of people), fiat currencies will hyperinflate in 2030. I already have non-Bitcoin friends using either stocks or houses as savings, and fiat holders will be the bag holders…people who get into debt will be the winners.

capableweb 5y ago

Been holding/using Bitcoin (when possible) since ~2013. I have it because I'd rather use it than anything else, and I imagine a future when it's a decent alternative to cash, but we're not there yet so I'm still waiting. I have no qualms with the price going up or down, as long as eventually I can use it for purchases and giving/receiving friends/family, which I can already do, but it's on a very small scale.

Geee 5y ago

In long term it should replace other forms of money and assets that are used for storing value. Demand stops growing when everyone uses it, and the value will stabilize.

thebean11 5y ago

I never expect to hold zero Bitcoin, but I do plan on selling some in 2022 just to rebalance into other investments / reduce risk exposure. I still see a lot of growth potential, and I believe the current market cap is overstated. Many many coins are permanently lost, my bet is that the true market cap is significantly under $1T.

ur-whale 5y ago

> what's the long term plan? If BTC held at these levels for the next 20 years, I wouldn't mind. As long as it holds it own against inflation, it's a pretty nice store of wealth. If it goes another 10x, I won't mind either, obviously. But I really don't need it to: it's got other advantages.

kinghajj 5y ago

Keep holding until the sell orders I have trigger, then put the after tax proceeds into my brokerage. If it goes up more, sell repeat. Never plan to sell 100% of my holdings. Once my brokerage account and/or the portion of my stash on crypto interest platforms is enough to provide a generous regular income, FIRE.