Pretty sure those who sold their bitcoins have valid reasons. No need to hold if you’ve already earned enough and had to reinvest in something important like that new house.
Because I strongly believe that bitcoin is the thing of the future. Solid proof is the recognition by some of the most technologically advanced countries. Cryptocurrency is a life saver to many, including this one. People get to earn on their spare time with little capital.
Ever heard of renewable energy? An asteroid the size of Mt. Everest or World War III can destroy the world. Bitcoin is more of a life saver than a global killer if you ask me and most of the people in this forum.
Government regulations is inevitable. It’s just a matter of time. Bitcoin can’t become mainstream without recognition. Some people still think of bitcoins as a scam or a Ponzi Scheme because it is not regulated. How can KFC or Amazon accept bitcoins as payment without going through the tax system? It’s not like all governments are out there to do bad things on their citizens.
Yes, it is. You can read about some of the success stories here. Bitcoin is an investment like no other. Because it’s not just trading, there’s also mining and bounty campaigns. I don’t know of any other investment that have higher returns than bitcoins.
It depends on how you define fast. This year? Next year? Those people who became millionares waited at least 5 years. You still can be rich but you’re gonna need a bigger investment capital than those who bought bitcoins at less than a hundred dollars.
Bitcoin is here to stay. Just because the market went down at the start of the year. I doesn’t mean it will stay down forever. Right now, it’s hovering at around $9,000 and is expected to hit 5-figures before the end of the month. You might wanna get back in the game.
The statement is true. One could still be a millionaire in the future by buying bitcoins today. The only thing is, the investment needed is much higher. 10 bitcoins now would cost about $92,000. The record is $20,000. It means the value of bitcoins must reach the six-figure mark to become a millionaire. Not impossible. Just a question of when.
Criminals are attracted to bitcoins because of its anonymity and untraceability feature. Criminal organizations are reportedly into cryptocurrency for their money laundering operations. This is one of the reasons why I’m all for government recognition. To prevent bitcoins from being synonymous with illegal activities. It’s bad enough that some people think of it as a scam or a Ponzi Scheme. Regulations will greatly help bitcoin become mainstream.
I stopped dealing with bitcoin haters at the start of the year. I’ve wasted enough time on them already. I think the recent news on mainstream media on governments recognizing bitcoins and Samsung going into cryptocurrency are more than enough reasons to convince skeptics to change their minds.
I couldn’t agree with you more. But the thing is, this applies only to people who are willing to help themselves. I have friends who still wouldn’t go into bitcoins despite all the tips and tricks I’ve imparted to them.
There’s no such thing as world government. Not even the United Nations can be considered as such. Each country has its own interest. The only thing that can kill cryptocurrency is an E.L.E. (Extinction Level Event).
This advise is obviously for day traders only. I suggest the thread starter to back up his statement with some charts. Or maybe the superstition behind this.