Trust me - We are still early
Last Saturday, as I was chatting with my fiancee's friends about how spot-buying high conviction stocks (and allocating the budget in a way where when there's a significant dip like 20%, you buy in the same cash value), I realized there's a fundamental flaw in which people trade. Most of them will be paper hands when they see a 10% dip and immediately sell their holdings, and when they reenter, they will often buy it when it has already shot past the original price they bought in at. What is surprising is I still hear a few of them not understand BTC or are even non-believers. I was explaining to them in terms of simple math that there will only ever be 21 million BTCs ever and if there is a clear regulatory path (which is already happening), then all the institutions (banks, governments, family offices) and retail will start to REALLY pay attention to it and hoarding it. $1 million per $BTC is far from being an absurd hypothesis. Even as a hedge, I told them it would be great to gain exposure to $BTC in some form, whether being through ETFs or BTC-related stocks (whether is mining, BTC treasuries like $MSTR or 3350.T etc). They looked at me as if I'm crazy. Well I'll be damned. submitted by /u/Severe_Invite2239 [link] [comments]
Last Saturday, as I was chatting with my fiancee's friends about how spot-buying high conviction stocks (and allocating the budget in a way where when there's a significant dip like 20%, you buy in the same cash value), I realized there's a fundamental flaw in which people trade. Most of them will be paper hands when they see a 10% dip and immediately sell their holdings, and when they reenter, they will often buy it when it has already shot past the original price they bought in at.
What is surprising is I still hear a few of them not understand BTC or are even non-believers. I was explaining to them in terms of simple math that there will only ever be 21 million BTCs ever and if there is a clear regulatory path (which is already happening), then all the institutions (banks, governments, family offices) and retail will start to REALLY pay attention to it and hoarding it. $1 million per $BTC is far from being an absurd hypothesis.
Even as a hedge, I told them it would be great to gain exposure to $BTC in some form, whether being through ETFs or BTC-related stocks (whether is mining, BTC treasuries like $MSTR or 3350.T etc). They looked at me as if I'm crazy.
Well I'll be damned.
[link] [comments]
