Ask HN: I have 1 BTC, what can I do with it?
Besides hoping that other people will also buy bitcoins and raise the price
Besides hoping that other people also want to have a one dollar bill and raise the price
Look, you can't just limit our options like this.
Bitcoin has a market cap of ~472 billion dollars. The amount of dollars in circulation is on the magnitude of hundreds of trillions.
Therefore, it's still way too undervalued.
https://howmuch.net/articles/worlds-money-in-perspective-201...
(Note: "Very old chart", but the idea is the same)
The pandemic is probably a major cause of its rise so you might gamble that there is still some scope for increase, or just cash in now.
> Professors Andrew W. Lo and Archie Craig MacKinlay, professors of Finance at the MIT Sloan School of Management and the University of Pennsylvania, respectively, have also presented evidence that they believe shows the random walk hypothesis to be wrong. Their book A Non-Random Walk Down Wall Street, presents a number of tests and studies that reportedly support the view that there are trends in the stock market and that the stock market is somewhat predictable.
It's an open question/debate in academia whether the random walk hypothesis is true or false.
Homer: Aw, twenty dollars? I wanted a peanut!
Homer's Brain: Twenty dollars can buy many peanuts.
Homer: Explain how!
Homer's Brain: Money can be exchanged for goods and services.
It's seems just a tradable stock that goes wildly up and down because it's impossible to find a reasonable fair value. The whole industry is based on trading, but the underlying asset is mostly useless. No dividends. No places to spend it. No low-volatility. No inflation-adjusted.
If you are worrying about the value of an asset at a particular moment, and even mildly thinking of selling it, spare yourself the worrying. If you bought in at a high price, and you are going to sell it now, it will still be a small profit. If you bought in at a low price before, you can likely afford to wait. Even if the value goes down, you will still have made a profit. But thinking this way gets the worrying part of taking such a speculative decision out of the way.