Yup, it won't be up forever, you would be delusional to believe so. But the real question is has it reach the the price ceiling? I doubt so. What if BTC only stay stagnant at above 500k USD? You will be kicking yourself not to buy BTC when it is at 50k+ USD right now.
Even if it reaches 500k USD, BTC won't stagnate given that there is a hard cap of 21millions BTC in existence. To changed that 21millions you would need trillions of dollars by that time in order to force change the consensus rules.
Average joes always like to think in hindsight when the opportunities were presented right in front of them but they dismissed them with skepticism. Think of how many people regret not buying Apple and Microsoft stocks in the 1990s.
Don't miss the boat.
haha, i still rmb i encouraged 1 of my fren to buy bitcoins when its at $40k and he say the price is too high sure will drop in future its too late to buy, then it went up to 60k, now he will say the same thing too expensive to buy should hav bought at 40k hahahha,
You should rub in his face with these Bitcoin memes. Truth is, Bitcoin is an emerging asset that is still in price discovery phase. There is plenty of room for Bitcoin to grow.
It's ok if you buy pure BTC, dont go leverage 10x 100x like Bitboy Crypto. That's what causing a lot of dips lately, sharks trying to liquidate those leverage positions
what is hard ledger? i think the point of crypto is being that there is a market cap. if not, it would be the same as the minted money all over again. am i correct sifu?
every crypto have its circulating supply or the amount of coins in existence, and the market cap is calculated by the price of the coin multiply by the circulating supply/coins in existence
so if a coin have 1 billion coins in supply , and the price of each coin is $1, then the market cap is 1 billion x $1 = $1 billion