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Old Yesterday, 08:56 PM   #36826
ThrowingRocks
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Join Date: Jun 2018
Posts: 37
Re: Bitcoins - digital currency

Quote:
Originally Posted by onemoretimes View Post
If I had a bitcoin for every time I heard that.

It may not "go to moon", but it very easily can still be the best investment over the next 5-10 years.

I think BTC 50k in 5-10 years is very doable. So it's not worth getting into for 500% gain in 5-10 years? I also think MOON is possible.
What chance do you give bitcoin of going to essentially near zero within that 5-10 year span you think for the easy 500% gain with the possibility of astronomical gains? It's entire existence exists in the aftermath of a financial crisis where we boomed for a decade, and at the end of the decade rampant speculation is taking place in the markets. Whose say to say when the going get rough, bitcoin will keep or make any gains.... As far as I am concerned it's very correlated to the stock market, and it's gone st8 up for 10 years, and is now being coddled at many levels. This busting might bust bitcon.
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Old Yesterday, 09:05 PM   #36827
skiier04
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Join Date: May 2005
Posts: 5,204
Re: Bitcoins - digital currency

Quote:
Originally Posted by ThrowingRocks View Post
What chance do you give bitcoin of going to essentially near zero within that 5-10 year span you think for the easy 500% gain with the possibility of astronomical gains? It's entire existence exists in the aftermath of a financial crisis where we boomed for a decade, and at the end of the decade rampant speculation is taking place in the markets. Whose say to say when the going get rough, bitcoin will keep or make any gains.... As far as I am concerned it's very correlated to the stock market, and it's gone st8 up for 10 years, and is now being coddled at many levels. This busting might bust bitcon.
It's been correlated since March due to a global crisis affecting all markets. It certainly wasn't before that. Whether you think / how long you think that continues should play a large role in your investment strategy.
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Old Yesterday, 09:16 PM   #36828
despacito
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Join Date: Nov 2018
Location: $920. Funding secured.
Posts: 1,154
Re: Bitcoins - digital currency

Quote:
Originally Posted by ThrowingRocks View Post
I'll pass on that, if anyone wants to take me up on the offer I stated above, let me know.
Your offer shows a deep lack of conviction in gold VS bitcoin.

Dec 31 2022 close price or GTFO.
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