Frankly, @jrcornel, I don’t worry about the long-term bitcoin price at all:
https://steemit.com/bitcoin/@lighteye/bitcoin-price-projection-for-2020
And this is the most pessimistic projection I could come up with. Hodlers really can’t lose — unless they lose their blockchain keys 😉
And speculators deserve everything they get…
I think holding for the next two halvings will return massive gains.
That’s undoubtedly correct, @jrcornel. I just like to say “holding until collapse of fiat currencies will return massive gains”… expressed through the relation to gold:
https://www.xe.com/currencycharts/?from=XBT&to=XAU&view=1M
Though mine has a 5 year time horizon. Collapse of fiat currencies will take how long? :)
It’s not wise to set a date, @jrcornel. Let it come when it comes :)