Sirwin
Sirwin

Bitcoin: Slowly, Then Suddenly

By johnwege | johnwege | 12 Apr 2024


In the Bitcoin market, those who have the most conviction all share a common prediction of what they believe Bitcoin will do in the future. That it could not only change the world but could cause the largest transfer of wealth the world has ever seen. During the darkest days of the bear market when the price drops lower than we could have ever imagined, and when FUD is thrown our way on a daily basis. This belief that it will all be worth it is what keeps us going. By buying and HODLing Bitcoin, we are not only investing in our own future but also could help change the world.

One of Bitcoiners most sacred beliefs is their conviction on its future price potential. Experts in the financial and crypto sectors have predicted that Bitcoin’s price could soar to over $1 million by 2030, and that is only the start. In fact, as the years progress even further, the price predictions become even more outlandish. It is enough to make Bitcoiners begin dreaming about what they could potentially use the money toward. Thoughts of buying their dream house, or retiring early often begin creeping inside our minds.

With all of that hope for the future, it can become frustrating to see Bitcoin’s recent lack of price performance. Seemingly moving sideways for months at a time. If it is destined to someday be worth millions of dollars per coin, why doesn’t everyone wake up to that fact and buy now? Something that would cause its price to soar.

The truth is that most people simply aren’t aware of Bitcoin’s potential, why it's needed, and its real value. They aren’t aware of the crumbling financial system around them. And they certainly aren’t aware of just how valuable Bitcoin will become in the future.

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The reality is that most people don’t know how close Bitcoin is to soaring parabolically. The idea behind Bitcoin’s adoption is that it’ll happen slowly, then suddenly. Because Bitcoin often goes through periods where the price does next to nothing, it causes people to forget just how volatile it is. When its price finally does move, it soars like a rocket that you aren’t prepared for. During the last bull cycle, we had daily candles that saw Bitcoin’s price fluctuate by $10k or more. It isn’t outlandish to think that during the next cycle, we could see daily fluctuations of $20k, and even $100k years down the line.

For Bitcoin’s price to soar to the levels that predictions have been declaring for years; all it would take is one major announcement. Perhaps a company like Apple putting Bitcoin on its balance sheet. A major country adopting Bitcoin. Financial systems continue to collapse around us. That’s how close Bitcoin is to taking over completely. The last major announcement that had a huge effect on the price of Bitcoin was Tesla buying it, which caused a $10k daily candle.

When the price of Bitcoin drops we often hear its biggest supporters urging people to buy the dip. That this is a once-in-a-lifetime buying opportunity, and perhaps will be your last chance to buy under $70k. After this happens multiple times people begin ignoring these declarations. However, there will come a day when that is true. At one-time people said this would be your last chance to buy Bitcoin under $1, $100, $1,000, $10,000, and $20,000. Eventually, it will happen.

Someday in the future, no one knows when, you will wake up and Bitcoin’s price will have gone parabolic. When that time comes the days to buy Bitcoin cheaply will be a thing of the past. We all just need to have patience and plan accordingly.

How about you? What do you think will cause Bitcoin’s price to go parabolic?

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