Just going to watch where it goes.
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It's not too late, but you should not expect X,000% returns in a short time frame as had happened in the past. Past results are not indicative of future earnings.
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It's been this way for at least a month. I'm certainly happy with it.
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For one, the dollar is more stable, and that's despite it being issued by a country in more debt than any other country in history.
That said, when you convert back to fiat, take profits from crypto, you should be converting to a basket of currencies, not just the US dollar. Euro, Australian Dollar, Singapore Dollar, Japanese Yen, ... and two of my personal favorites, the Swiss Franc and Taiwan Dollar.
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Everyone has their price point. That's one reason why we keep seeing these dips. $10,000-$11,000 is for early adopters what $100,000 is for late adopters.
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I'd still be living my somewhat comfortable life, but I'd be sitting in rows 20-80 of most planes instead of rows 7-14.
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I don't think it will last 145 years from now . Maybe 20 -30 years at least. It s a strong currency but not as strong like the others to least that many years.
You will be surprised. There are things that die in a few years and things that last forever and adapt to the new times. Check for example Google, Amazon or Microsoft. They are the titans, the were the first, they had the market in their hards and kept. Bitcoin is the first, bitcoin is one of the titans. Except for the fact that Google, Amazon, and Microsoft are all NOT the first in their industries.
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Well, if you can't beat them, join them.
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Much more profitable to trade volatile alts.
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Props to Vitalik for keeping it real.
And I agree, ETH or BTC at $1 or $10,000 is still an intrinsic success. It's not a success or failure based on some person's trading profits.
That said, I do admit it's easier to keep it real when you're among those who have already cashed in somewhat and have locked in their gains.
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Simple physics. Increasing population in a world with steadily decreasing resources. Combined with the fact that of those decreasing resources, the ownership of those resources are skewed towards a small percentage of people (rightfully so in my opinion).
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There is no such thing as 'what it's meant for.' It's something that anyone can use however they want, only limited by one's creativity.
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There isn't a clear cut "Chinese" effect. It's an extremely diverse economy made up of many levels.
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Difficult to completely kill it, but the connection between crypto exchanges and banks can be severed by governments which will essentially kill it for most mainstream users. The key is the larger markets like China, US, Japan, UK, Germany. If these key countries simply declare through legislation that banks can no longer hold fiat accounts for crypto exchanges, that will essentially cut most 'normal' people from changing fiat into crypto. Most normal users aren't willing to fly abroad to open crypto accounts in countries that don't have those kind of laws. Plenty of people will, but by and large, most people aren't willing to invest the time or capital to do so.
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Volatility is the friend of traders.
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They also use USD$100 bills. Probably their favorite. Should they try to ban those too?
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Rise to maybe $10,X00 and sell, dip to $X500 and buy. Rinse and repeat.
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I'd say it's very easy to do. It's difficult to prove what another person's crypto assets are. It's basically just a guessing game (kind of like the way everyone around here guesses at what they think what the bitcoin market price will be at any future date).
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This week was pretty darn good.
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