I hope that 100k to 200k is done ☑️ remarkably quick say under a year. 😀
You must be new here.
Doubling within "under a year" is not "remarkably quick."
Do you know how bitcoin ramps up?
Just to let you know, in bitcoinlandia we have had historical cycles that have tended to have a pattern and tended to have blow off tops and corrections along the way, and at some point, the last blow off top happens for the cycle..which is also difficult to know in advance.
Sure the patterns are not guaranteed to repeat on the same timeline or the same magnitude, and even within the bitcoin historical patterns, every cycle has tended to have its variances and its peculiarities, and furthermore the cycle itself is not guaranteed to happen, since the cycle could even disappear...but that does not mean that we presume that cycle dynamics are not a thing and act as if bitcoin's price dynamics history does not matter.
Do you want to presume the disappearance of the cycle merely because such a cycle "could" disappear?
This here cat is likely not going to be making that kind of a presumption, while at the same time, this here cat is not going to act as if prior BTC price dynamics are guaranteed to happen, either.
A big number next year is inevitable. We have giant nations talking about adding it to their treasuries, S&P 500 companies starting to consider holding it, Amazon being urged to accept it, BRICS countries considering using it for trade, and the ETFs currently buying 6x as much BTC per week as is being added with block rewards. I honestly don't see how we don't hit $500,000 per BTC next year. I used to think we were going to peak at $200,000, but there is just too much money headed this way. I now believe we're likely to see a $500K-$800K Bitcoin sometime in Q3 or early Q4 of 2025. Only thing I think that could stop it, is if MSTR gets too leveraged and burns out the market with a spectacular crash and a liquidation that would almost be worth losing a fortune to watch play out.
Im really struggling to get my head around should a huge number, I'm totally fine with it dont get me wrong but wow I just cant fathom it happening. My current ultra bullish guess is around 250k, am I short changing here??
And surely you @Greyhats are relatively new to bitcoin, and you are going through a lot of the amazing phases that a lot of us bitcoiners (especially the ones who had been aggressively accumulating as you seem to be doing), and so the power of the compounding of your value becomes somewhat overwhelming.
Sure there aren't any guarantees that is it is going to continue to compound, and there are some folks who might have put a year or even less than a year or their salary (or their expenses) into bitcoin, and pretty soon their bitcoin ends up being worth several times of their salary/expenses and thereby contributing to their contemplations regarding why they need to work.
Surely some guys get lured into pulling the fuck you lever too early based on spot price rather than going by something more solid such as the 200-WMA (our fairly reliable bottom price indicator/guide).
I still get amazed, and I think part of the reason is that the ongoing action of buying bitcoin and otherwise maintaining your holdings (hopefully keeping most of them secure - such as 80% to 90% in cold storage) comes off as better than expected performance, like icing on the cake and way more value than even anticipated... which also can get scary to see that number on paper and be tempted into selling in order to realize it, while at the same time, realizing that there really is not any better place to put it... while at the same time, there is likely a need for some kind of a plan to figure out how to deal with blow off tops if they come and if they go beyond the expected blow off tops... . .
so for example, there were probably many of us thinking that our blow off top would be in the $3k to $5k price arena, yet maybe some of us still thought that it could happen that a blow off top might happen between $5k and $10k, yet in the end when the blow off top got us to $19,666, there admittedly was some paralysis that took place, and some guys regretted not selling any, while at the same time, we still know that selling might not even be the right course of action.. so guys have to have some tentative plans for what they are going to do under a variety of scenarios that might end up being more bullish than expected... and be willing to live with whatever plan they end up executing.. and even better yet if the plan is tentatively established in advance, even if you might end up breaking the plan, it still is better to have some kind of a plan rather than no plan.
My plan has always been to maintain a decent stash of bitcoin no matter what, and sure I have errored on the side of mostly HODLing very large portions of my stash and riding through whatever ups and downs happen, even the decently large corrections that we know are quite likely to come, even though I do also shave small amounts of BTC off my stash on the way up... and I feel that my balance of hold versus sell is decent, but still any of us likely are going to feel some regrets for not selling enough on the way up, even when we consider ourselves to be executing the better of the plans within our way of framing matters for ourselves.
