2021-09-01 06:23:16
But but but Lark, stack sats right man? Yes.
Trading your fiat for BTC is exchanging bad money for good. Bitcoin is Gold 2.0 and has essentially become the reserve asset of the crypto markets.
I personally use it as a gold like asset in my crypto portfolio.
DCA into Bitcoin is a great way to get exposure to BTC. Dollars will 100% fall in value. Your BTC will continue to rise versus fiat over time. It is an inflation hedge, store of value, and still in price discovery
BTC is a great savings account
https://t.co/KT15W4GN3c
At current market cap upside potential for Bitcoin is rather limited.
10X for BTC puts it around the market cap of gold. I expect we get there by the end of the decade.
20X is 2X the market cap of gold and is a million dollar Bitcoin. I believe we will get there some day...
Wow Lark, you are really making the case to but Bitcoin here buddy, I thought this was a post about not buying Bitcoin...
Yes, and here's why
Altcoins right now consistently give better gains. Over a longer time frame many under perform versus BTC, but right now is the time when they are out performing.
If you are a 9 to 5er and want to escape the rat race then BTC is not your ticket. You need altcoins to make it.
The allure of the crypto market is being able to "make it" and to do so quickly.
This year there have been multiple 100X plus altcoins and NFTs. At this stage 100X for BTC is not even a conversation. You don't even need a 100X alt, 3 or 4 10X plays can make life changing money.
Altcoins remains high risk especially for lower cap coins. When the music stops you don't want to be holding most alts.
A solid "make it" strategy is to generate wealth on low caps and then take profit on that high risk money and move it into low risk plays like BTC and ETH.
The biggest upcoming catalyst for Bitcoin is a BTC ETF in the USA. Gold pumped by nearly 400% when it got its ETF. If that happened to BTC then imagine how much altcoins will pump? 400% for BTC... 1,000% for top alts, 10,000% for low caps.
One major caveat to this is if you are a company, fund, or family office. Investing in low cap altcoins won't have enough liquidity for you, and is likely beyond your risk / legal parameters.
In this case do buy BTC, and ETH. There are also a few other top coins worth buying.
And look I say all of this as someone who has BTC as my biggest investment. How did I make most of my BTC? Altcoin investing.
16 viewsThe CryptoLark, 03:23
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