ThePeakWae
Fapstronaut
Been wondering about that, for a while, I tried to day trade ETH but I failed to hit the peak well, so I'm wondering what I should do in regards to Bitcoin.
Is bitcoin over +30k still a good long term investment?
- Thread starter ThePeakWae
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bitcoin has a limited production just like gold. It could goto 100k one day.
the question is will the bankers of the world allow a decentralized currency in the new world order?
ThePeakWae
Fapstronaut
JP Morgan states Gold is suffering due to bitcoin demand: https://www.cnbc.com/2020/12/09/jpm...institutional-investors-flock-to-bitcoin.html
I dont know how it'll work, aside from being a tool against inflation (
You're probably just a grunt like us who hodl crypto like Bitcoin. So unless you're a whale you've got nothing to go by since they seem to 'control' the market.
So in my honest opinion, it's just a guessing game.
Another interesting question for you and everyone else; what do you intend to do once it reaches a value worth your while? Will you cash out?
I know the majority of the people are into crypto to later exchange it for 'real' money. Thus, crypto can never be a stable currency let alone used as a reliable payment method. In other words; crypto currencies have no future and they will fail. If this is the case, crypto will drop to zero one day and long term investment is pointless.
But I guess you CAN take a gamble and be a hodler and cash out at the right moment. But who knows what the right moment is? Is it now? When it reaches 100K? More?
To me these are the reasons why it's still a guessing game and why you can't say anything reliable about it.
So in my honest opinion, it's just a guessing game.
Another interesting question for you and everyone else; what do you intend to do once it reaches a value worth your while? Will you cash out?
I know the majority of the people are into crypto to later exchange it for 'real' money. Thus, crypto can never be a stable currency let alone used as a reliable payment method. In other words; crypto currencies have no future and they will fail. If this is the case, crypto will drop to zero one day and long term investment is pointless.
But I guess you CAN take a gamble and be a hodler and cash out at the right moment. But who knows what the right moment is? Is it now? When it reaches 100K? More?
To me these are the reasons why it's still a guessing game and why you can't say anything reliable about it.
Im a big spender, right now I have like 350$ in coin
Anti-Hero
Fapstronaut
Rich man! Enjoy your caviar.