This year, financially speaking, for crypto people, is going to be wild!!!!!1111!!!11!111!!
Max Keiser predicts about $300,000 per bitcoin this year. But that was based on adoption rates, and retail buying.
Now, we are looking at corporations FOMOing into the market.
Now, we are looking at nations FOMOing into the market.
If America is going to jump into bitcoin, most countries are going to jump into bitcoin. Being left out, or being left behind is a huge fear of politicians.
What this means is that $300k is way, way too low. We are going to run out of bitcoin on exchanges. We are going to see OMEGA candles (god candles are soooo last year) where we see $10,000 moves per day. (or maybe it was $100k moves)
Either way, it will be BIG moves.
People with bitcoin will find themselves so wealthy, that they may have to completely redesign their lives. As in, you are now a millionaire. And you bitcoin portfolio may continue going up in value faster then you can think of ways to spend it.
I believe a few coins will 100x this bull run.
I KNOW that many coins will 10x, and if you get out of one at the high, and into the next before its run, you will get 100x
So, what is your life like if your crypto holdings 100x?
If toys are what you want, you can get tons of them for cheap later this year, as most people are looking at selling whatever they have to buy food (or crypto)
If land is what you want, the deals will be everywhere later this year.
If trips around the world are your thing, well, i do not know how to advise you. But, you can probably get all you want. There have been people who talk about cruise ship rooms being cheaper than renting an apartment. However, i also know that tension is still building around the world, and in a lot of places fighting will break out.
If it is expensive cars you want, i would suggest renting them. And/or go to a racing school. Roads are going to continue to degrade, and people are going to continue to get more envious of those with wealth. So, my suggestion is to not stand out. Besides, flying cars will be out soon.
But really, what do you want your life to look like? Things are not like on the Card-ass-ians where everyone is so enamoured with their wealth. Most people are extremely envious. Most people actually hate rich people. So, although you can have all the ostentatious bling, having it around will probably make you miserable.
Like, right now, i need a few million dollars to drill a deep hole, to see if geothermal is truly as productive as my numbers tell me. I am sure i can get angel investors to fund this after i get enough proof of concept stuff done. But that is just me, and it will come about as the govern-cements fall apart. (and they cannot block me from making electricity outside of their control)
But, there are a lot of young scientists who will take the new physics that is coming out, and really run with it. They will need funding and help. And, they may really need a place to stay and food.
There will be amazing technologies? energy work? mystical spells? Classical music? that will completely change how we grow food. We will see giant vegetables, with tons more nutrition. And it will not happen with some chemical concoction. It will happen by electro-culture, bio-char, soil microbiology management, and play Back for the melons. These young "farmers" will need a place to grow, and play with the stuff of fantasy.
And, of course, if you want flying cars, you may want to fund some of the bright, young physicists that are ignoring gravity.
We will need a lot of programmers to build "Bitcoin level 3 tech". We will need engineers to build these things that turn your vibration into a seed phrase, and so, your body becomes your key to your bank, phone number, personal info… Lots of work will need to go into these fields. And that means lots of funding. Or maybe just food and a place to live and work.
With great crypto wealth, comes great ability to make the world a better place.
Really consider this!
And also think in terms of having a house, food, power.
Having money in the bank will disappear as inflation eats its purchasing power. But money spent on a PV solar array will provide you electricity (without further payment) while electric rates continue to climb higher.
Having a mortgage at a low interest rate, while having the money to completely pay it off earning even more interest is accounting-wise a great thing to do, however, paying off the house, and not having a bank that could cause all kinds of problem, is often very worth it.
If you paid for all your life's needs like this, you would find that the actual amount you need for retirement is much lower than you think.
If you add a greenhouse and grow vegetables and chickens, you can also control your food expenditures.
If these things sound good to you, then i really suggest putting your crypt wealth into your homestead. I do not know of many better investments for your future life.
I also know it is not for everyone. But for those others, the world is changing. Grocery stores are not a sure thing in the future.
If you have collected any crypto over the years, you will find you have great wealth. You were into this very early. Even people getting into crypto right now, are still early.
We have passed the point where bitcoin is just considered a speculative bet, to now it is starting to be seen as the future of wealth storage. And we haven't even gotten to the point of everything is bought and sold in "bitcoin". (crypto)
Even STEEM will probably go past its ATH. How much will your STEM account be worth? Either people will come rushing into STEEM as we see the centralized server social media kill themselves with censorship. (actually, people will probably rush into STEEM for the money. Hopefully some write good content, and stick around after the bull)
So, realize that these crypto numbers are rookie numbers. Things are going to go much higher, much faster than we have seen before.
Be prepared. Have a plan.
When you have a plan for what to do with your crypto, then you can be more calm in this hectic market. And truly, there is a point where you have enough money to live for the rest of your life. No where your point is.