Hey guys, how's it going?

Yeah, I am doing fairly good as well. Made some investments as the world started to burn and now hopefully they are going to pay off in the longrun.

I guess this post is about the nature of cryptocurrency in the sense of a longterm investment.

More or less, people who have seen the way the blockchain technology is going to revolutionize the world before it started to get massive attention are now more or less millionaires. At least the ones that had been patient enough and had enough of a firm believe to hold on to their initial coins.

But think about it.

Ask yourself, did they hold them because they believed in the technology or just because of the factor of greed, once they saw the price is going up and the investment has been more than accounted for? I think it's a bit of both. I think that a lot of people believed in the technology and once they saw they can actually get a lot of return of investment on it they just went with it. Add to this the factor of curiosity - seeing just how high the price can go, and voila, you have a perfect recipe for going far beyond the realms of normal investments, people who bought a 1000 coins for the value of 100$, can now cash out in the millions. 

That raises the question, are we in the middle of the process of bitcoin rising in value? Are we nearing the end? Or are we still only in the beginning, since the last bitcoin is estimated to be mined in the year 2140?

I would really like to know what you think, so please feel free to write a quick comment with your opinion on this.

Thank you for reading.

Charles