Now that's the kind of system I want to play Halo on.
|
|
|
The original statement isn't always true.
True, profits or losses aren't realised until you sell, but holding and never selling doesn't guarantee not realising a loss either. Ask anyone who has held stock (without selling) of any bankrupt company, or even plane tickets of an airline that has gone bankrupt. Or even in crypto, anyone who HODL'ed any of hundreds of alt coins whose charts have ONLY gone straight down after a small initial climb to sub .000X since their inception. There comes a point with some assets where you no longer have a choice of selling as the asset in question has already pancaked. It's like saying you won't crash into the ground if you don't parachute out of the plane first.
That said, this isn't FUD... I both HODL and trade, but do disagree with the original statement.
|
|
|
It's valuable because of CURRENT consensus. Not just because it was first... ask Kodak or Xerox or the betamax. It doesn't mean it will always be the most valuable either, just ask Yahoo, Blockbuster, Pan Am, etc...
|
|
|
What they can do is corner the mining segment of bitcoin (and all mineable crypto) with gov't owned nuclear and hydroelectric power. It only takes a few moves by pioneering state level gov't officials to bring that about, it doesn't even have to be on the federal level.
|
|
|
They already can't afford social security for its own citizens, I don't think they can afford to go on a shopping spree.
|
|
|
Air gap your devices and don't use them for anything (no email, no texts, chat, etc.... nothing in so there is no malware link possibility) but btc storage. On the rare occasion that you connect (to move coins in or out), use a VPN. You should already be using a VPN full time anyway.
|
|
|
Regardless, it's a completely incorrect and misleading use of the word 'adoption.' It's like saying, there are millions of hungry Africans. That does not mean we are going to adopt millions of hungry Africans. It merely means we "acknowledge" that they exist.
|
|
|
Someone needs to look up the word 'adoption' in the dictionary. It's the same for those folks who don't know how to use the word 'pump.'
|
|
|
Um, 42?
(Hitchhiker's guide to the galaxy)
|
|
|
Everyone is entitled to their own opinion. Look at all the people who think that XRP, BCH, PAX, etc. are the future of crypto. LOL.
|
|
|
I would be happier with more stability. If it's to be viewed as digital gold, then you can't have it's value fluctuating all over the board like this. Sure, I'd like 5X, 10X, or 100X my current holdings, but what it has done already is a dream come true.
|
|
|
It is a wonderful safe haven currency. But it's important to remember still not to have all of your eggs in the same basket.
|
|
|
Not stable or reliable at present. It's an ideal investment opportunity (and much less so than 7-8 years ago) if you have no or low debt, have your home paid off, have other investments and other passive income. It's not good idea if you don't have other non-crypto investments.
|
|
|
The market. The same reason why advocados and BMWs have particular market prices as well.
|
|
|
$11,000 is already a dream come true. No need to be greedy.
|
|
|
Best to have a balanced portfolio. I've been into crypto for 9 years and despite wonderful gains (and way better gains than any other assets I hold), I still advise balance. Never be all in. Balance between stocks, fiat (and a wide basket of currency while in fiat), real estate AND crypto.
|
|
|
There's always hold AND trade as well. You don't need to sell everything. If you believe it will keep going up... put away .X, X, XX, or XXX or more coins that you never touch. Trade with just whatever number you are comfortable with.
|
|
|
As long as you can use it to store value and can readily convert it to fiat, it's all good. I can't use gold bars or Microsoft share certificates at my local Best Buy either.
|
|
|
It seems shady but from the exchange point of view, it's a cost issue. It's the same thing with real world banks. They break up KYC into tier levels. If you're just putting pocket change with them, it's not worth the cost to process your KYC documents apart from basic identity requirements. It's much more cost effective to KYC (with more in depth requirements) higher net worth customers.
|
|
|
It's been very good for me. The key has been cold storage of coins that I never touch. It's no different than keeping fiat cash reserves in the bank or holding on to blue chip stocks that you don't touch. I only sell coins acquired through profit from selling coins in the previous cycle.
|
|
|
|