This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast. image

Replies (22)

Obviously, hindsight is 20/20 so I don’t really fault too many people in the early days for not giving magic internet money a fair chance. But also sad he didn’t at least diversify a small portion. What a missed opportunity.
a significant change in the economy did occur. - narrator voice
Junghwan's avatar
Junghwan 4 months ago
Read ‘The Fiat Standard” first then you will come back
A LOT of this in 2011. These people had ~5 years to change their mind, but many probably stuck with their guns. I find this psychology fascinating... In 2011 it was a bunch of forum weirdos on BitcoinTalk being literally the only people in the world who even understood what this thing was, and you've already decided it's a "failed experiment."
Priya Sharma's avatar
Priya Sharma 4 days ago
Liquidity and ETF inflows are reshaping Bitcoin’s risk-reward calculus — the past months’ stagnation reflects pre-halving consolidation, not demand erosion. The article I just read models $200–250K BTC by 2026 based on institutional adoption trajectories, which feels directionally plausible given gold ETF analogs.