This is as bullish as 2013 as we broke the $ 30k resistance and this is insane!!
Tbh I'm a little disoriented compared to my plan because one big shift happen since the last Bitcoin halving. Twitter CEO Jack Dorsey, big funds and big insurances companies has joined the game. This mean that Bitcoin is getting more and more pro and serious. And this isn't even its final form. Think about Bezos or Musk joining the game? In the end even governments will use Bitcoin as their reserve currency which is, in my opinion, good for the Bitcoin price but a failure for social justice. Bitcoin was supposed to protect small holders against the powerful private companies, the alienating capitalists and corrupted politicians from govs.
I don't have any strategies anymore as the price surged sooner than I expected. I own enough bitcoins to protect my family against inflation for the rest of my life. My strategy since I started to invest mid-2012 has always been to hodl and buy more whatever the price range.
I've made a simple calculation at that time:
- Bitcoin is not only a potential future store of value, but also a very efficient payment system. Various studies projected for 2020 a non-cash transaction market of $ 780 trillion. Assuming that 0.1% of these transactions will take place in bitcoins (where Bitcoin is more efficient than any other existing payment systems), this implies that a value of $ 780 billion will need to be transferred via Bitcoin each year starting in 2020.
Assuming a monetary velocity of 2, which was a bit higher than the dollar in 2012, and 20 million bitcoins in existence (to make it simple), that gave me a price per bitcoin of:
(780,000,000,000 / 20,000,000) / 2 = $ 19,500
As we know Bitcoin break ATH $ 28k end of 2020 which is, by far, better than my projection.
Depend on when you've invested. I would advice to wait one, two or even three halving if possible prior to cash out. In my case I've witnessed 2012, 2016 and 2020 Bitcoin halving. I think that Bitcoin price will reach $1 million by 2024 ~2025 so it's still a good deal to buy fractions of a bitcoin even now ahah!
As I said most of other "Altcoins" like stablecoins are shitcoins. Don't put you wealth into something that is centralized. But I have to admit that USDT is a great tool for Chinese miners to escape capital gain control from their government. Unless you need to transfert huge amount out of China to Singapour, stablecoins are fucking useless for small holders. It's not a store of value. Think simple, think Bitcoin!
I've always used Bitcoin as an insurance against corrupted governments by private companies. The tip is to move to a country where the government is corrupted by crypto holders! ... and you don't have to move to small island to do that. There is plenty of rich country doing so.