₿itcoin will always seem expensive to attain.
At $67 it felt expensive.
At $670 it felt expensive.
At $6,700 it felt expensive.
At $67,000 it feels expensive.
At $670,000 it will it feel expensive.
At $6,700,000 it will feel expensive.
At $67,000,000 it will feel expensive.
At $6,700,000,000 it will feel expensive.
It's not the price it trades at, it's the nickel and diming to death that these crypto trading platforms do. If you were to buy one Bitcoin and then sell it as immediately as possible you'd be down at least two grand in percentages and fees that these exchanges charge for services that really don't require a ton of effort on their part. At least not that goddamn much effort.
Why would you ever sell it? For what? What is more valuable that ₿itcoin? Your life, yes. That’s about it.
Here's the problem with everything you just said: Investments are valuable. If you spend more than a commodity is worth, it has to catch up to the price you paid for that investment. Exchanges these days charge an arm and a leg for their services. Your Bitcoin doesn't become as valuable as the money you traded for it until the price reaches the original purchase price PLUS fees. This problem is compounded on a dip.
If you’re time preference is low enough, the fees are rounding errors.
₿itcoin is wealth preserving technology.
If you want to preserve your wealth for 10, 100, 1,000 years, this is the asset for you.
If you want to gamble for quick fiat returns then there are 180 fiat currencies and 20,000 shitcoins to lose your wealth with.
Bitcoin may be "wealth preserving technology", but if obtaining it makes you broke it's not very effective at the intended goal. How much does coinbase charge on transactions under $1000? How about cashapp? What do other exchanges charge? Rationality doesn't get thrown out the window quite yet.
Have you tried Strike for stacking?
Your highest price prediction assumes that here is more than 140,700,000,000,000,000 of value that exists in the world today.
Do you believe that to be true?
it feeling expensive means its working 😎
