Quote:
Originally Posted by lewdog
I’ve been hedging with Bitcoin.
Isn’t this supposed to be $100k by now?!?!!
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Nah. But soon 10k+. As I've said for a while, I'm playing the long game. I don't trade, at all. The trading & manipulating in the short term is why we see so much volatility. Halving is the first step to limit supply. Bitcoin has matured so it is more doubtful it will have dramatic increases in price, we will probably see more linear action.
As long as bitcoin's popularity remains constant or increases, there is no reason it's price will not continually increase in value. A decentralized currency where they can't just print more money. In a vacuum, it is void of inflation once no more bitcoin can ever be mined again.
Every time someone loses a bitcoin key, prices go up just a little. Every time someone dies and those hidden assets go dormant. Prices go up just a little bit. etc.