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RE: Wages Won't Go Up Any Time Soon
Really nice post there is so much truth in it! Especially your Last words reminds me why i invested in btc, we give our power to banks and the elite ist continuing growing up their wealth. Maybe btc will change the place of wealth a little Bit ;)
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Thanks, and yes I agree that crypto has the possibility of disrupting the system that if these elites don't get their hands in it first and while they can manipulate the price and regulate people away from using it they cannot stop it.
I don't see it replacing their system but I see it as a balance against poor management where people can move their capital too in case of issues. I keep investing in both my local currency and foreign currency too because I think it's important to make sure you don't keep more than 10% of your net worth in any one asset. It just makes you vulnerable to the effects of others and thats what I hope crypto will bring soon enough once its a large enough asset class.
I do see this as a multitrillion-dollar asset class and I can totally see 1 BTC being worth $1 million one day
Yes i think some of them are accumulating Crypto right now but a small group.. hopefully ;)
I agree a lot also that you should not Put all your money in one asset. I do Not Invest in other things Like Crypto but that ist Just because i do Not have so much money than people who works ;)
I think Bitcoin will surpass 1 millon after the next bullrun maybe 2025 or something like this. But i am shure it will at a time.
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They surely are and then dumping at certain points once they get a return they are happy with, the market is small so manipulation from large capital investors is easy to pull off in this space.
Well, I don't see it being as how much money you have but how effectively you use it, returns compound over time so if you have small stakes in various things you can get great returns overall over time.
wow 2025 thats pretty close, lol I think I should be planning my retirement then if Bitcoin is to hit a million and if the dollar still has any sort of purchasing power that is similar to today. Then I can cash out sort my life out, put some back into the market and continue on :) Would be a dream for me
Yes i think so too. But i think an adventage of a small marcet is that we are early investors :) thats right time is maybe the most important Thing while investing.
I also Plan to Put my imaginary profits in crypto again the next bear market. But i also think the Dollar will be there in 2025 and has maybe a lower price compared Ro other currencies.
Lol you wrote me but i did not see it. So you use the partiko App? Since Yesterday i can upvote and make posts but i do Not See when Somebody writes a comment or upvote. I Just See the Numbers of upvotes in my Post...
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Yes, I agree! I used to think I was too late to the party when I got in at mid-2017 but I made a fair bit of money in the last bull run but reinvested it so I'm tied down to the next one which I don't really mind. I'm in it for the long run and I think that the moves I've made will pay off if impatient enough and committed enough to it.
While it would be nice to have a lot of fiat from my crypto I'd love to just be able to have crypto with a strong buying power that allows me to purchase goods and services straight without having to convert, I think that's really the end goal.
I don't use @partiko anymore, they have not released new features in 5 months so I switched over to @esteemapp which has been adding new features all the time and I prefer it, the notifications also work much better. You can check it out here - https://esteem.app/
Partiko server doesn't always update in real time so you can miss notifications.