People who think many steps ahead could hold onto their Bitcoin or crypto in general for decades beyond the 2030s. It's a risk I'm willing to take. But of course nobody really knows what will happen.
But the dollar has been losing value for over a century. Imagine what you could buy with one dollar back in the early 1900s in America. Well, it's hard to imagine as things were generally made at a higher quality and therefore would cost even more than you think today.
Crypto in the 2010s were valued based on the dollar generally speaking. So, if Bitcoin is only worth $30K and yet $30K is not really $30K due to inflation, then what is the real value of Bitcoin? That is a hard question to answer.
But on the surface, people only think what Bitcoin is worth based on the value of the dollar. But you have to be smart than that.
But it is hard for people who really want to do a bunch of day trading with crypto and with the stock market with stocks and bonds and everything. So, a lot of people are stuck in that up and down mentality of immediate.
I would not put all my money in crypto because you don't know when we will be out of this global depression that is bigger than what the world saw in the 1930s and 1940s. It is so much bigger than most people know.
Meaning people should and must invest in not just crypto but also in gold, land, oil, farms, gardens, rocks, dirt, soil, compost, seeds, food, the ability to can food, salt, vinegar, the ability to preserve food, the ability to grow food, farmers, more land, essential things people cannot live without, water, air, vitamins, minerals, sunshine, common sense, natural remedies, how-to books, tutorials, wisdom, proverbs, mechanical books, libraries, computers, books, smart people, etc.
RE: Crypto is down.... What's next?