Crypto Price Limits .:. How much can crypto grow?
They say: "Buy the dip, sell the peak"... It's easy to say, but we have to RECOGNIZE when it's a dip and when it's a peak! And that's not an easy task... The probability to hit the peak and sell it is almost like winning the lottery... I mean, peak, peak... Or contrarily, if you are searching for the dip and trying to buy there... and it continues to go down and you are buying "dipper" :)
But, the topic of today's vlog isn't how to find a dip or a peak... It's more about perspective and our beliefs in what we are doing... For example, I like the challenge, and I like dynamic things and jobs... Usually, when you compare jobs and wages you will realize that they are connected in a manner how risky is to do it... If you are taking risks, you will maybe earn more... If you are doing a regular 9 to 5 job, you will have a stable income... It depends on the person who prefers more... Also, don't get me wrong, when I say "taking risks", I don't think of putting it all on red... I mean on doing something that isn't INSIDE the BOX... And you and I, my friend, we are working for freaking digital currencies! Is there something more "outside the box"? :)
But, that also isn't the topic of today's vlog... Let's go back to the perspective... To the limits that we put on certain things in our brain... I'm trying to not do that, but I'm guilty also... "There is no chance that Bitcoin can go over the last ATH"... "We can't go lower than this"... You heard that probably a lot of times... and the answer for both were "yes there is", and "yes it can"... Well, the topic is the first one...
How we are limited with the "current knowledge" in predicting future events... Could you imagine 10 years ago that you can send 1M USD... directly to the other person... in a couple of seconds... for free...???
Let's talk about limits... Check out the video...
Thank you for your valuable time,
~ph~
Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
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▶️ 3Speak
We, I. Limit our selves every day. Lack of faith in ourselves or fear. Or need. Life challenges. But if you look back don't regret but learn from it.
I could be a Bitcoin millionaire but.... Time and place.
I could not predict the future, I would have not cashed out at 600 a coin if I could.
What have I learned about dips and peaks. For me it is simple. Hold hold hold. Unless you have back up to play with.
Working on that ;)
Thanks for the thought provoking post my friend.
Bradley
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Well, at the moment when BTC was $200 I have done something similar... But, that wasn't the problem of predicting the future, it was the problem of my laziness to investigate more... To see what blockchain technology is in a nutshell... How does it work? For what can be used one day...
If I did that back in the past, I will have more KNOWLEDGE about it and probably made a better decision... and buy more...
Have a great Sunday, Bradley!
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tokens.Good analogy with the microchip. Now we see that a lot of big players come into play. They must know something, putting all that money in.
Thanks for sharing your view!
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No... We knew something a few years ago when we started to poke around crypto and exploring possibilities... The "big boys" are here just to CONFIRM that we are on the good path... ;)
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!BEER for that, it will definitely be a thing to watch for the coming months.
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tokens.I agree crypto can grow a lot
That's great! Use that information to change your life!
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Finding the dip and peak are not possible. It is better to have exit strategy that you can review quarterly.
Agree... I have created goals that are a kind of an "exit" strategy for certain coins/investments... But, I will not exit completely from any of them... just maybe sell a portion of holdings...
But, I have to admit that I'm doing sometimes daily trading where I try to follow the rules from this post... and that is like 1-2% of my portfolio, so more like doing it for fun :)
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tokens.If we see the last 7 years and how far blockchain and cryptocurrency come so far, you can guess what could happen in the next 5 or 7 years. Again maybe something would happen that we cannot imagine standing this point.
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This happens always! We have some knowledge and experience from the past, but we saw some crazy things in crypto and unimaginable things created lately... I can't wait to see what unexpected thing will bring the future next... :)
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tokens.Very nice video :-). There's a lot of truth in what you say. I followed this evolution with microchips as well. Our mind has difficulties to concieve the inconcieveable, therefore we limit ourselves and our mindset more often than we think.
You speak about the BTC price but I would like to look at it from another perspective. In the last year 26% of all the USD in existence have been printed. In one single year! When people start to loose faith in USD or in all the other over printed currencies, 1 BTC might one day be worth 1 billion USD. You know what hyperinflation is...
I've been around BTC for more than 6 years now and I've seen so much development. What is possible today was totally unbelievable then. The speed of inovation is so great that maybe in less than a year we will have a technology that nobody even imagined today. The basis of crypto is very sound, it answers many issues that exist today and we don't know what solutions it can provide tomorrow. In short it's just exciting and I totally believe in this technology :-)
Agree with this so much... Maybe BTC went 10, 200, 500 times until today because it is a great tech and it is worth that, but you are right... If BTC doesn't pump to some crazy price (valued in USD), because of itself, it will because of the failures of classic fiat currencies! It will do it because of them... lol... it sounds crazy, but it's very possible that it will happen...
It is happening so fast like it was back in the past with CPUs... Even faster... And we really can't predict what other problems will be solved with cryptocurrencies and blockchain technology...
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tokens.