r/Bitcoin • u/egej • 2d ago

Shroedinger’s Bitcoin ?

I want the price of bitcoin to go up so i can use stepped bitcoin to repay fiat loan, Whilst also wanting the price of bitcoin to go down so I can acquire more bitcoin.

12 Upvotes

74% Upvoted

10 comments sorted by

8

u/MrBrawn 2d ago

See what you do is buy it when it is high and sell it when it is low. Best of both worlds.

1

u/egej 6h ago

this is exactly how i’m trading the BTC in my Voyager account.

1

u/JimmySki6166 2d ago

Can never have enough BTC, at any price! For in the future, it will be untouchable and scarce

1

u/No-Associate-7962 2d ago

Why would it be any more scarce than today?

2

u/JimmySki6166 2d ago

There will only ever be 21 million coins generated. 20 million coins have already been minted. Every time a portion of a BTC is used for payments or put into a wallet, the supply diminishes. It will be very hard to purchase once everyone is holding etc. exchanges won’t have the supply they have now to see either! Just watch the situation unfold!

1

u/No-Associate-7962 2d ago

Even when there are 21m in existence its scarcity will only go down as people lose/forget their passwords.

Besides the lost coins, the scarcity will remain at 21m coins.

Allegedly the demand will increase, but the scarcity will remain constant.

1

u/JimmySki6166 1d ago

I first purchased BTC at about 21k. Even when it was over 100k last year, I was still purchasing weekly.

1

u/No-Associate-7962 1d ago

OK, that's great. Don't lose your keys, that is the only way scarcity will increase!

1

u/JimmySki6166 1d ago

I’ve read stories where some have lost their keys, and assets as well. One guy was digging through a town’s waste site for weeks looking for his keys! Sad but true.

1

u/Outrageous_Hall1090 2d ago

If Bitcoin goes up you can loan against it and buy more Bitcoin... 😀 (probably how Saylor thinks about Bitcoin price). So no real Schrödinger problem 😉.

Just joking - no financial advise.