People keep assuming they've missed the Bitcoin boat.. so inadvertently they keep missing the boat!

If you think you've "missed out" on Bitcoin or are too late to the party you haven't/ aren't.

Over the years the perception from no-coiners has always been.. how lucky those in crypto have been and that they've some how missed the boat.

The crazy thing is that many of those people could have got in at as low as around $5k just over a year ago.

I've been a firm believer that one day in our lifetimes 1 BTC = $1 million

Today's price of $56k is therefore cheap!

The boat is still very much still in the docks taking on passengers :D

These are some of the metrics I always keep in mind...

Bitcoin is only 12 years old, there's still almost 120 years to go until the last Bitcoin is mined.

A UN population division projected the worlds Global population to have nearly doubled to 11 billion in 2100, from 6 billion in 2000.

By 2140, only 21m will have been mined of which many will have been lost.

In 2019, there were an estimated 46.8 million people who's assets exceeded $1m and the total net worth of all millionaires stood at $158,261 trillion.

The cumulative inflation from 1921 to 2021 is 1379.8% therefore a bitcoin purchased for $56k in 1921 would cost $828,665 today.

Bitcoins market cap is just over $1 trillion, in the last year alone the Fed/ECB combined have printed $3 trillion.

The other common misconception is that those that have invested are all "lucky".

Bitcoin is high risk... analysing the maths, researching technology/ history, early investing over the longframe and dollar cost averaging only what you can afford to lose.. is a skill.

Bitcoin investing isn't a get rich quick scheme for the lucky.. it's an ideological way of life, for the patient, methodical and early adopting believers out there.

Hodl On and Prosper :)

Submitted April 19, 2021 at 04:06PM by jam-hay https://ift.tt/3sqPP93