Mr A, it warms my heart that after calling Bitcoin a bubble/ponzi scheme and advising people NOT TO BUY back in November 13, 2013, 05:1:42 PM
when BTC was $381 per coin (and continuously like a broken record since then), that you are now expressing the view that Bitcoin will go higher and that we are not at the peak yet. What a turn around! We are making some good progress with you.
However, what you have done is the equivalent of making a kind of "half apology". If you are wrong, just man up, admit it, like JP Morgan, one of the world's most respected investment banks recently did:
https://www.zerohedge.com/crypto/jpmorgan-admits-it-was-wrong-about-end-bitcoin-bull-run-renews-140000-plus-price-forecast?You have in the past been both small-minded, arrogant, closed-minded, conceited, stubborn, bigoted, pig-headed and obstinate in your refusal to accept reality, and until recently you simply continued over and over with attempts to produce "false objections" with regard to the validity of Bitcoin.
It is correct, that fear and greed can be key reasons that people lose money. And yet you have not learned your own lesson here, which is that your fear (which may have been a good trait in your investment background to date) is also exactly what caused you to make huge losses on the value of your cash as compared to the value of BTC over the last 7 years. I am sure, if you could turn back time, that you wished you would invested in BTC back when you claimed it was a bubble in 2013. Just like you will be wishing you had done so by buying now at 18K, when we are in the year 2030 (and you KNOW IT).
With regard to "fear" you have exemplified with your "self-bargaining" how much idiocy and misunderstanding exists which puts people off buying BTC, which over time will be demystified due to larger institutions legitimizing BTC. And this fear (and ignorance by the masses) is indeed one reason why we can have so much confidence that there is so much huge upside potential ahead. Some of your nonsense on your self bargaining has included:
-People can hack an exchange so its not safe.
-BTC is only used by bad people.
-The Government will shut it down.
-Its not "real" as to opposed to gold which is.
-Its not easy to buy it.
-It only has a short period of history.
-There is no limit on supply and can be infinitely produced.
-A FedCoin will lead to reduced demand for BTC.
-Transaction speed is too slow for mass adoption.
-The price is too volatile.
-Its not typically used to purchase things.
-It will be taxed.
-Its not anonymous.
And my absolute favorite:
-BTC disappears "when the electricity is turned off".
and on and on the nonsense goes.
A respectful and more dignified approach for an older person such as yourself, would have been to have a more open and enquiring mind, and to ask about these topics and then have someone explain them to you. What you instead did was to make these potential objections as statements of fact, which then resulted you looking stupid when they were debunked. That in turn provoked you to take an aggressive and hostile stance (name-calling, making deceitful misquotes of others, etc), which actually did nothing to address the substance of the objections you raised.
You do have the opportunity to change your stance. Ultimately that is part of the purpose of the discussion here. For us to help each other.
Let me conclude by asking you this. As you now think Bitcoin will go higher, given all your great skills of trading options and futures etc, please tell now us how much higher you think Bitcoin will now go?
Oh and while you are at it, please also tell us whether you believe gold will outperform BTC in 2020, and well as over the next 5 years. Thank you.
