This Is Why I'm So Bullish On Bitcoin...The Goal To One Bitcoin - Part 2 by rollandthomas

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hive-167922 · @rollandthomas · Oct 20 '20

$4.23

This Is Why I'm So Bullish On Bitcoin...The Goal To One Bitcoin - Part 2

<center>![image.png](https://i.imgur.com/eVc4Xxh.png)</center>

 

Based on my recent assessment of the equity markets, I'm starting to turn more and more of my attention to crypto.  After Apple fell from $135 to a little over $100, in which I saw my 300% profits on paper dwindle down to 100% before getting out of the trade, a light bulb lit up in my head.  From that moment I decided to switch my focus from equities to cryptos because the future potential rewards to risk ratio was out of this world. 

 

Three weeks ago, I bought a 2014 Nissan Maxima. 

 

<center>![image.png](https://i.imgur.com/lltvmNm.png)</center>

 

Two years ago I put a side $1500 to put towards my down payment.  However, right as I was signing the paperwork, I decided not to put any down payment, I decided to finance the entire purchase of the car price

 

<center>![image.png](https://i.imgur.com/qOqVlIv.png)</center>

 

and I decided to put that $1500 towards purchasing Bitcoin.  So with the latest purchase in Bitcoin, I'm now less than 0.5 Bitcoin before I can say I'm in the 1% club. 

 
<center>![image.png](https://images.hive.blog/DQmRL3UPWkSJfaxPMFKHrkpcx8sAFNUAP9MwLQtAAD4f1fG/image.png)</center>
 

 

This decision was one of the easiest decisions I ever made, despite the price of Bitcoin never going below $11k ever again.

 

 

<blockquote>

 

The author behind a valuation model for Bitcoin that's based on Metcalfe’s Law says the crypto asset will likely be priced around $12,000 by the end of November and reach $1 million within a decade.

 

In an Oct. 11 Twitter thread, Timothy Peterson, Global Macro Manager at Cane Island Alternative Advisors, said there is “90% chance that Bitcoin will never again close below $11K.”

 

Peterson claimed to have successfully predicted the end of year prices of the cryptocurrency in the past two years. For 2018, he predicted a price of $3,500 — the actual price on Dec. 31 was $3,782, a difference of only 7%. Peterson also predicted a mid-range estimate of $7,000 for the end of 2019. The recorded price of Bitcoin was $7,243 on that day.

 

</blockquote>

 

<center><a href="https://cointelegraph.com/news/move-over-s2f-model-creator-says-90-chance-btc-never-dips-below-11k-again">Source</a></center>

 

The goal is to be at 1 Bitcoin before the end of the year.  Thus, the journey continues up Mt. Bitcoin...or is that Mt Gox Bitcoin.

 

 

<center>https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/upvote%20banner3.gif</center>

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@rollandthomas/this-is-why-i-m-so-bullish-on-bitcoin-the-goal-to-one-bitcoin-part-2)

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@forexbrokr · Oct 20 '20

I have faced the same dilemma a few times and see the risk of not spending my cash on Bitcoin, being far greater than if I took the safe option.

But don't mention Mt. Gox!! ;)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@forexbrokr/re-rollandthomas-5pirxr)

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@rollandthomas · Oct 21 '20

LOL...Mt. Bitcoin:)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@rollandthomas/re-forexbrokr-4wadpp)

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@josediccus · Oct 20 '20

The 1% club is quite obtainable, 0.5 status won't be there for long. Its good you outrightly made the purchase I mean sometimes one's happy with decisions such as this. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@josediccus/re-rollandthomas-4dx6vt)

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@rollandthomas · Oct 20 '20

I missed the tech run the last 20 yrs...I won't miss the blockchain run over the next 20 yrs:)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@rollandthomas/re-josediccus-25shnd)

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@josediccus · Oct 20 '20

You're right anyone shouldn't wish to miss the blockchain run, there's not be another opportunity to build

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@tomlee · Oct 20 '20

>From that moment I decided to switch my focus from equities to cryptos because the future potential rewards to risk ratio was out of this world.

This was clearly a good decision because cryptocurrency is more rewarding and it is going to be the next new normal. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@tomlee/re-rollandthomas-71uteh)

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@rollandthomas · Oct 20 '20

Agree, it came down a little money down on Bitcoin, an appreciating asset vs. my car, a depreciating asset. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@rollandthomas/re-tomlee-2ejwfy)

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@yabapmatt · Oct 20 '20

I think that's a good move. Like you said, it's all about risk/reward ratio.

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@mmmmkkkk311 · Oct 20 '20

Hi. Please check out my PRIVEX ticket, when you get a chance

👎 theycallmedan, logic, spaminator

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@rollandthomas · Oct 20 '20

thanks @yabapmatt

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@rollandthomas/re-yabapmatt-sbpzm)

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