|
I sold and re-up'd and gained not enough to have taken the risk, but the feeling of not losing, priceless!
|
|
|
|
|
Right now Bitcoin is useful because its primarily used as a trading pair on exchanges, only because it was the first big crypto that exchanges built around.
|
|
|
|
|
I just traded all of mine for ETH. Maybe I'll buy back in if it does dump, if not, I'm always happy to have more ETH.
|
|
|
|
|
It's a common thing you see in many speculative commodities markets, where at its high, the commodity is priced way pass its actual fundamental usage value. It always starts with some kind of demand, in btc, its the ideology that sells and the libertarian crowd bought into it in the initial stage. Then you get the speculators coming (I will skip the rest, this bubble pattern chart is posted everywhere).
|
|
|
|
|
People who aren't deeply into crypto are mostly hearing about it via news stories on how much power it's using and how bad it is for the environment. A groundswell of resistance is being built against crypto and no one here seems be addressing it or generating arguments to counter it.
|
|
|
|
|
Crypto has a long way to go and may not make it, atleast as it looks like now. There could be a handful of winners, one main crypto used for daily transactions and some industry/market specific altcoins that use blockchain technology for other purposes.
|
|
|
|
|
After all, we are talking about currencies here. However, the volatility is simply much higher than with any other real currency. It's like putting all your money into some African developing country, everyone saw the profit potential in the beginning, but as far as huge investments are concerned I doubt it as long as the whole structure is so unstable. If it becomes stable and attracts major investors, I believe that growth will be moderate and natural.
|
|
|
|
|
Show Posts
