Mlc Posted November 3, 2018 #1 Posted November 3, 2018 Everyone is hoping that bitcoin will continue to rise in price indefinitely. They look at the growth from $0.003 to $18000 and think that bitcoin is unstoppable Is everyone buying into a dream that is too good to be true? How can bitcoin go up over 6 million times its original value without approaching a bubble? A $100 investment in 2010 would be worth $600,000 dollars! Where the heck does that "value" even come from. Bitcoin produces no revenues and provides no tangible assets. How can a $100 investment be worth $600,000 after 7 years? You can't just make $600k from scratch without there being losers involved. So who are the losers going to be when this wild ride is all done? And do you think some People are investing with their heart, not their brains? we all know crypto currency and specifically the block chain are incredible innovations, and that is what is fueling such massive excitement. But like we have seen in previous years after the rise there will be the fall , so how many of you have thought about exit strategies just in case? will you hold on through the highs and lows or cash out as soon as the value doubles ? or triples todays value ? im interested in what you guys think,
wry Posted November 3, 2018 #2 Posted November 3, 2018 With Bitcoin you are "investing" in an idea of decentralized payments using a deflationary currency. Digital gold held in a Swiss bank account is the nearest analogy I can come up with. The excitement at the end of 2017 was clearly over done, but at the same time many countries act opportunistically with their own currencies. Just look as Venezuela for a cautionary tale. But even in developed countries the costs of know your customer and anti-money laundering procedures raise costs and curtail economic freedom. My favorite example is India withdrawing all their high rupee notes to fight corruption and accomplishing nothing against corruption but causing massive problems for millions of their people. So while I have no idea if something like Bitcoin will go up in price, I do know that "leaders" can't abuse it like they do their own currencies. So that is where the value comes from.
HighDamage Posted November 3, 2018 #3 Posted November 3, 2018 1 hour ago, Mlc said: Everyone is hoping that bitcoin will continue to rise in price indefinitely. They look at the growth from $0.003 to $18000 and think that bitcoin is unstoppable Is everyone buying into a dream that is too good to be true? How can bitcoin go up over 6 million times its original value without approaching a bubble? A $100 investment in 2010 would be worth $600,000 dollars! Where the heck does that "value" even come from. Bitcoin produces no revenues and provides no tangible assets. How can a $100 investment be worth $600,000 after 7 years? You can't just make $600k from scratch without there being losers involved. So who are the losers going to be when this wild ride is all done? And do you think some People are investing with their heart, not their brains? we all know crypto currency and specifically the block chain are incredible innovations, and that is what is fueling such massive excitement. But like we have seen in previous years after the rise there will be the fall , so how many of you have thought about exit strategies just in case? will you hold on through the highs and lows or cash out as soon as the value doubles ? or triples todays value ? im interested in what you guys think, In my opinion, a very attractive investment is investment using a cryptocurrency because it has a very high potential for rising or falling. My method of investing is = 1. As the price of the coin increases, quickly exchange it to the dollar. And continue to buy again when the price of the coin decreases 2. When the coin price drops. Hold it until the coin price returns neutral or rises (at least until it can cover the initial purchase price)
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