Well, when you're wrong you're wrong. And it's good to be wrong in this case. In December and even early January, I thought we were at the next cycles all time high with BTC. I thought the $40k-ish highs were the equivalent of the 2017/2018 highs at around $20k.
I thought BTC would go back down and then we would be sitting near $25,000 for another 3 years or so. But 2021 isn't 2018. The bull we have now is bigger. It's got more energy to charge up and hit the bull's eye milestones that make heads turn.
The $50,000 milestone is pretty big. With this bull's eye hit, is the bear going to come out and block the bull's run? I don't think so.
People have speculated a possible $100k or more target for 2021. I thought it was possible but unlikely before. But now, I think it's more likely than not.
Hell, we might even hit even crazier targets in 2021, like $200,000! No joke. Some big players like the Winklevoss brothers think $200k is going to happen, and some of the data indicates this bull's eye is where the year will end up.
I have been looking to buy some land, or some land with a house. I didn't want to sell BTC to do it, as I would have needed to sell quite a bit when it was at $30k-40k. But at these prices, it's much more acceptable.
Although, I want to hold out more. But how much more?
Have you noticed there is a crazy agenda to reshape the world according to the image of the ultra rich? An agenda for "private-public partnerships", i.e. corporate fascism of governments and corporations uniting to take over many aspects of economic activity.
The Great Reset and UN Agenda 21/2030 play a part in taking land away from public reach for people to buy, where stakeholder capitalism will have the richest benefit exploiting the planet's resources for their profit while the majority are expected to own nothing and be happy.
There is a clock ticking. How much time do I really have? Will food shortages happen sooner or later?
Of course, waiting for BTC to get to $100k, or $200k, is ideal. It's getting more bang for your buck, spending less BTC to get more USD or other currency. But can we wait that long?
To sell BTC now and buy some land to get out of the city, or buy a house to ensure more stability and self-sufficiency in the immediate future... or wait for BTC to moon more and then have more BTC left over... but what will things look like in the months to come? Where will we be in the fall? What will our chaotic world look like then?
If you're not aware of the push for socialistic-communistic-fascistic-authoritarian technocracy that is being shoved down our throats... well you should really wake up to what is happening and plan accordingly. We can't predict the future with 100% accuracy, but you can see the writing on the wall and the story isn't looking good :/
Edit: There are also loans where you get fiat for crypto collateral you send a company and have to pay interest as well. Anyone try these before? Not selling the crypto is appealing.
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I have crypto on Celsius, Crypto.com and BlockFi all for the purpose of earning interest. I have taken out two loans on Celsius mainly to test it. Celsius is very easy, I used BTC as collateral for both loans. You pay interest only with a balloon payment at the end of the term. There are three different interest rates, the more collateral you put up the lower the rate down to 1%. However do some math as you will not earn interest on your locked up collateral.
Loan durations on Celsius are up to three years and if paid off early there is a minimum payment of six months interest. I had a one year, 1% interest loan and paid it off after six months. To pay off early you need to email and they responded very quickly.
Actually BTC went up so much over the six months the loan was extremely over collateralized and I was loosing a lot from not earning interest on the BTC.
So for me Celsius passed all my test.
Cheers
Thanks for that summary/review. I was looking at Celsius, BlockFi, and Nexo for the ~%5 interest aspect, but the "not my keys not my coins" aspect of just letting it sit there... heh. I guess you gotta be vigilant anyways if you need to take it out. The loans are are worrying if BTC sinks then you gotta over more collateral. Glad to see the loans worked out well for you. I may try that out as well ;) Thanks.
I think you are in a good position to sell some BTC now and buy land outside of the city. The 100k Hivepower you have will be a good return on investment and Hive went up to 42 cents yesterday. Seems some whales are buying tons of hive and steem last 2 days here. If Hive goes up to a few dollars in the next year or two the 100k HP you have is a pretty good money generator. I think buying a house now or land now is good due to the extremely low interest rates. Rates might go back up, get that shit locked in too!
Right on, getting out is more important.
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If you just look at past cycles, just about all of them are pointing to a price of roughly $200k or higher. No guarantee history repeats again, but so far it's right on track.
Yeah it could repeat. It all depends on the actions of those who are selling or buying ;)
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I think, this is more for the retailers ? Institutions are not bothered ?
I mean for excising yourself from the centralized structure and dependence of living in cities and securing more liberty and independence outside of cities ;)
I think we are gonna see few bigger dips this spring. Then it's gonna gain monentum through out the rest of the year and end up somewhere near $100.000.
I wish you to fulfill your dream and get that land and house
https://lbry.tv/@LOGICZOMBIE:0/1969:6