Kargai Posted January 5, 2018 #1 Posted January 5, 2018 Everyday one important people in the financial, investing, banking world is giving his own opinion about Bitcoin and cryptos in general. Proof that maybe they miss the train at first or theyonly start to know what to say about it. Today it's Roger McNamee, co-founder of Elevation Partners, he believes that 2018 will prove the biggest test yet for bitcoin. He stated "If a mania goes on long enough, it becomes self-fulfilling. Even after a crash, what follows is a legitimate industry,” And I believe it's very possible for cryptos. Source : https://btcmanager.com/2018-will-make-break-bitcoin-says-roger-mcnamee/ Look at what happen in 2000 after the Internet bubble. The entire market crash for almost 80% (BTC will be less than 4k$ in that case). In 1997 the price for Amazon in the IPO (similar to an ICO in crypto) was 18$ and it rise to 100$ before the crash. Today 1200$ !! Ebay had a 13$ share in 2000, crash to less than 5$ and is now at 40$. Same story for Priceline.com who started in 1998 at 16$ to go up to 86$ before crashing under 10$. In 2018 ? 1800$+ ! If the crypto bubble explode, and if you invested in the better crypto for the long term, just hold
Mateusz Posted January 5, 2018 #2 Posted January 5, 2018 Maybe not only for Bitcoin, the revolution coming, LN and stuff can crash other coins so much, otherwise BTC can become only the main currency to buy other currencies for some time and then just be rip... But I don't think so, still 90% in BTC
wilberthh Posted January 5, 2018 #3 Posted January 5, 2018 10 minutes ago, Kargai said: If the crypto bubble explode, and if you invested in the better crypto for the long term, just hold Agreed! Very good thread sir Kargai. Really can't wait to see another amazing thing this year!
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