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The DOW is also nose diving - look it up.
Fact is the US government is 22 TRILLION dollars in debt and all US households are another 12 TRILLION dollars in debt. Add that up and consider how wealthy America really is.
You guessed it, not wealth at all and you can thank our Democrat socialism for that.
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Simply say "Keep It".
You can either go out with a big loss or keep what you have and forget about it until one day you find out the advance in value is extraordinary.
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I doubt it. I bought several years ago alot of bitcoin for between $250 and $400 each. Even now this has been a tremendous investment which I am HODLing after buying for cash totally a new house, 40-acres of land, new tractor, wood stove, furniture, Amish barn.
All the remaining bitcoin and bitcoin cash (which I got for free in August) I hodling.
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The US dollar has been decreasing in value at 5% per year for decades. Look it up - it is fact. The government is 22 trillion dollars in debt and total individual debt is another 12 trillion dollars.
Where do you think this is going? Use your brain.
I would count on gold, silver, bitcoin, gardening, chickens and eggs, friends and family, living in the country where farming dominates and everyone understands arms, ammo, and freedom.
Alternatively live in big cities where you will be eaten alive when the economy collapses.
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Friends good father went to work in the 1930's for 25-cents an hour, 50 hours a week. Considered a livable wage a the time.
Not now. US dollar has been dropping in value by about 5% per year.
Keep slowly investing in Bitcoin and hold it. Doing so and you may find its value increases massively as it has done several times in the past.
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Consider this: my friends father went to work in the 1930's for 25-cents per hour, which at the time was a live-able wage. Try doing that now. Truth is the US dollar has lost a tremendous amount of value since then.
Fact is, the US dollar has been losing value at an average of about 5% per year.
The US government is now 22-trillion dollars in debt. All households in total are 12-trillion dollars in debt. Time is fast coming where the US dollar collapses.
Us your brain. Have a stock of gold, silver, food, water, firearms and ammunition, good friends and family. Bitcoin too. Live in the country where there are plenty of farms with food and like minded people. Get a greenhouse for vegetables, raise chickens for eggs.
Or, stay in the city which will fall into savage groups of people seeking whatever they can take from you by force.
Bitcoin - HODL.
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If you research the past value of all major stocks and bonds you will see a series of ups and downs. Perfectly natural.
Hodl. That is the key. While others panic and dump at lows, sit back and wait. That is the key to success. Simple.
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Consider the US government is 22 trillion dollars in debt and individual households are a total of 12 trillion in debt and you will see the value of the US dollar will soon enough collapse tremendously.
Have some gold and silver as a backup, use Bitcoin in the same way. Also stockpile some foodstuff, water, firearms, and ammo.
Or, continue to living in ignorance - your choice.
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I wouldn't say "nobody is buying them". But I am sure a number of people are waiting for a likely bottoming out in price when they should be buying a certain amount every month regardless of price.
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From the $1000 a month I would stash $500 in the bank and put $500 in Bitcoin. Hodl and see where it ends up 1,2, and 3 years from now.
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If you invested what you can afford to use, the answer is simple: HODL
If you do HODL there is an excellent chance you will be greatly rewarded by a high rise in value in the coming several years. If you sell out now there is no chance of you getting in on this great potential.
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just worried about government, why government is not accepting cryptos, cryptos are very helpful for us.
Do you even know that Bitcoin can be used for illegal crimes? Yea, it's helpful for you because you just use it to buy something that you got it from bounty but in the dark site cryptocurrencies are a main currency for those terrorists. That's why gov banning crypto currency to avoid unwanted stuff. Oh, you mean like all fiat currencies are being used extensively for illegal crimes?
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Nope. I bought a hefty number of BC several years ago at $250+/- and then in August received a like amount of Bitcoin cash for free. This spring I used this to buy a new house and barn, 40 acres of land, new tractor, nice wood stove, nice bed, furniture and taxes all in cash. Still have more than half Bitcoin and Bitcoin cash left.
Let the price fall. I will wait. I will HODL. No regrets here.
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How many Bitcoin do you think is required to be called a "Whale"? 100? 250? 1000? 10000? or more?
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I've got alot already but if not I would put in, say, $100 per month or so and simply keep doing that - not so much money as to make a difference in the life I live but enough to score a large sum should Bitcoin rise to high amounts like 1/2-million dollars as it could in the next ten years.
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I bought ALOT of Bitcoin at about $250 each several years ago and then got a bunch of free BitCoin Cash. The current value is still a massive increase over what I paid for it.
The answer is to HODL. HODL. HODL. Go ahead and panic sell if you want but this is not the way to go if you want to see your life stance changed if/when Bitcoin again shoots high.
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Fiat currency typically falls in value about 5% a year or more. I know friends father used to work for 25-cents per hour in the late 1930's, on which was enough to live - try doing that now.
No fiat currency has ever lasted more than several hundred years and often less. This is a fact. Check the history books for confirmation of this.
Hodl Bitcoin for several years, don't panic. Bitcoin will far outpace any fiat money of any country. Look at history if you need proof of how fiat currency always becomes worth zero if not made of gold or silver.
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$390,000 new house with 38.75 acres of land and large Amish barn in mountains of the Great North Woods. $25,000 tractor. $4000 Bed. $10,000 other furniture. $11,000 Vermont soapstone wood stove. $100,000 upgrades to house.
Yes, I made mult-millions from a purchase of BTC using funds from my business several years ago. It can be done.
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