Am I the only one who has 0 intent to sell any of my bitcoin under $100,000 USD?

People said bitcoin would never break $1. Then they said it would never hit $100. Then they said it would never hit $1,000. Then when it crashed back to $200, people said it was going to die. When it hit $4,000, people said it would never hit 10k, then 20k.

Now that's it's at $5k, people say it's over. It's not unreasonable to think that, within 5-6 years, bitcoin will have another spike (or two or three). It's not unreasaonble to think the 100k barrier will be broken some day.

With that in mind, is it crazy for me not to want to sell any of my bitcoins under $100k? People say I should sell some if it hits 20k again, or at 25k, 30k... I'm not interested. Really waiting for it to be much higher. Who would I sell for 25k in 1-2-3 years when I could sell for 100k+ in 4-5-6 years?

Right now, the entire bitcoin market cap is less than Tesla. It's 6% of the newest QE by FED. It's 5% of Apple. And that's counting bitcoins that are gone for good.

I think bitcoin is worth more than that. I sincerely believe more than 100B has been, or will be shortly, invested in bitcoins. Think about all the miners, electricity, transactions fees... This has to amount to billions per year. People are investing for the long term. Even big funds are starting to grab it. There will be bitcoin ETF soon.

Also, have you tried to send money overseas recently? The only way I know of is credit card and a) it's riddled with fraud b) 5%+ transaction fee, strict limits and money can be frozen for 180 days.

I am currently sending money to people I know overseas using bitcoins and its fantastic.

Even if bitcoin opened up 500% tomorrow I have 0 intent to sell even one tenth of my bitcoin. Am I the only one?

Submitted March 15, 2020 at 02:12AM by graydoggames https://ift.tt/3d1cS3y