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That would be too optimistic a forecast. There’s no doubt in my mind that bitcoin will hit $20,000 this year. But it’s not gonna be this month.
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There are two things certain in life, death and taxes. For cryptocurrency traders, you might wanna add high transaction fees.
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Who declared this guy an expert on bitcoins? Did he previously predict that the price would reach $20,000? Cryptocurrency analysts are a dime a dozen these days.
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I’m ok with regulations. One of many thing that stops people from investing in cryptocurrency is legitimacy. Most people don’t want to put their time, effort and money on something that does not have a physical form and is not recognised by the government.
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There are pros and cons. KYC would eliminate multiple accounts. Some person who doesn’t want their identities exposed would eventually quit. As for me, I’m ok with it.
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He gambled big time and lost. Some people think cryptocurrency is their ticket to becoming rich and famous at a very young age. Get-rich-quick or die trying.
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That would be like saying that the English language would die, the dollar would die or blondes would be extinct. Most of the people I convinced to invest in cryptocurrency hold only bitcoins, not interested or don’t care about all the others. Bitcoins demise would surely be a big blow, if not, the death blow to cryptocurrency.
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And there are still a lot of people here who are willing to quit their job to go full time in cryptocurrency trading. Some even want to sell or mortgage their house. Others are maxing out their credit cards. Please stop or don’t ever think of doing any of the three. Resist the temptation. That guy gambled big time and lost, get-rich-quick or die trying.
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I stopped convincing friends and relatives to invest in cryptocurrency in December of last year. No point in wasting time and effort on them skeptics. I just let the business headlines do the convincing for me. Now, some of them are asking me for advise. Not now, too busy on fulfilling my travel goals because of bitcoins.
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Suckers. There’s one born every minute. Scam coins won’t go away anytime soon. Regulations can do something on their proliferation but not totally get rid of them.
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Getting rich thru cryptocurrency takes lots of time and effort. Some people think it’s get-rich-quick scheme. That’s why we read about them maxing their credit cards or selling houses. Another factor is luck, I got out of the market before the fall to fulfill one of my travel goals, not because of critical analysis.
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I hope the land you sold to buy bitcoins is just one of your idle investments. An empty lot, not the one where there’s a house that you used to live in. In any case, just wait it out.
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Bitcoin Capital of the World. No objection here. Satoshi Nakamoto is Japanese, right? One of the most technologically advanced countries in the world. Not much explaining needed on how cryptocurrency works for the Japanese.
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