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RE: Is This A Different Bull Market For Bitcoin?

in LeoFinance3 years ago

There is one simple thing to remember - short term market moves are irrelevant to long term investment.

The long term story is this.

  • Supply of BTC is fixed and increasing slower and slower as the years go by.

  • Demand for BTC is growing larger and larger as the years go by.

  • Supply of USD is "infinite" (according to the Fed) and is increasing faster and faster as years go by.

  • Demand for USD is slowing year by year as irresponsible Fed and US government policies both debase the currency and use it as a weapon against other countries.

There is only one way this story ends.

Trading on volatility is just clever gambling.

Just HODL.

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Yes you are right. Continuous demand for a scarce asset like Bitcoin makes short term market moves irrelevant. Good points to remember when price go down. :)

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