I've read this numerous times since joining these forums many, many years ago. The end is always just in sight. However, there is always another day and BTC moves ultimately higher.
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You should be paying your taxes. If you make a massive profit, you are eventually going to be busted. Its on you at the end of the day.
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BTC should be a lynchpin in any investment plan at the moment, however, I believe more than ever that diversifying into alternate coins is a prudent strategy. Dollar cost averaging is the way to go.
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Many would argue that we just seen a bubble. Is it over yet? Who knows?
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The fact is, there are more and more companies turning off their BTC payment options at the moment. We are having a retracement in acceptance at the moment, due to the high transaction fees. This needs to be a resolved and I am sure it will be. The uptrend will continue then.
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Even if it is "the biggest bubble ever", this does not mean that you can't make a boatload of money before the end. This appears to be the case for many. For those just getting in, you may win yet, but it is a much riskier venture than it was a year ago.
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I personally believe that BTC is going to trend slightly higher, after building a strong base, support level. We need this for the long term health of not only BTC, but the crypto space as a whole.
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Regardless, BTC needs to fix its transaction cost issues. Once this is done, get ready for another blow off top.
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I just don't see it, I think what is needy, what will be healthy, is if BTC finds its feet and builds a STRONG base.
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How, this would be a gut wrenching month if you followed this advice. Talk about a rollercoaster.
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Of course BTC's can become worthless. Just about everything can, besides that which you need to live and survive. This however does not mean that BTC WILL become worthless.
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The question is, will you make more or less from this, than another venture?
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We are looking at extreme volatility over the last few days. This is not the first time BTC has witnessed this, and it won't be the last.
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I honestly don't see this happening. Bitcoin has lost a lot of its daily transaction value, it is a great store of value at the moment, but it is simply too expensive to send for small orders.
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Bitcoin has become a juggernaut, it would take a tremendous effort to shut it down completely now. It can suffer set backs, but this does not mean it is destroyed. Not at all.
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Something is worth what someone else is willing to pay for it. Plain and simple.
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Countless exchanges and websites can do this for you. Google is your friend
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Congrats to all those who held on. You did good
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It will be interesting to see how many HOLDR and how many have cashed in over the last year.
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If you don't set up a proper plan, to let your loved ones know, then likely, they die with you. This is similar to those who bury their gold during "midnight gardening" and don't tell anyone, then keel over.
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