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/biz/ - Business & Finance


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25424421 No.25424421 [Reply] [Original]

buying bitcoin now
don't get me wrong, I do aim for owning one

>> No.25424492

The institutions with billions don’t mind buying now when they know it will at least double

>> No.25424604
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25424604

I wince at the idea of buying $32k bitcoin, but you have to keep things in perspective. The 4 year cycle has been vindicated once again. It's going to, at the very least, 100k. So that's still a 3x ROI over the 11-12 months, possibly more, but it's hard to say once we reach the final blow-off top.

It's like buying 3k BTC back in early 2017. A pleb might look at the chart and say "whoa, it's 3x overvalued compared to the previous ATH! Why would anyone buy this!". And then it goes up to 20k.

>> No.25424617

>>25424421

Imagine buying 0.1 BTC every year as it steadily increases from 50k to 250k.