Am multi-quoting from the various different crypto threads again
Quote:
Originally Posted by HawkFanIA
Quote:
Originally Posted by wopbabalubop
When you buy something you believe in and it drops in value, average down.
Be careful with Chinese investments, they manipulate every market they're in.
The last half is true for the entire alt coin market outside of the big ones. One whale with a stack of bitcoin can and will manipulate the hell out of the prices.
This stuff is so much different than traditional stocks. There's no rhyme or reason to the swings of the market a lot of the time.
Quote:
Originally Posted by HawkFanIA
401k plans are now offering bitcoin, Litecoin, ethereum as part of the investment option available. Car manufacturers take bitcoin. Ukraine will start accepting bitcoin for home purchases soon. It's being adopted and will continue to be.
Quote:
Originally Posted by HawkFanIA
Oh don't worry I'll be buying when this is over but it's gonna keep going down for now.
RE: Alibaba - yes, the fact that Alibaba's subject to Chinese regulations are a bit concerning - also haven't had the chance to use their services, so guess that's something else that maybe makes it different from Amazon?
RE: Bitcoin - was looking at the last drop in price back in June ... guess back then did the price drop 33% for no apparent reason? So if that's maybe a standard swing for Bitcoin, maybe there's a chance this time the price *might* drop as low as $3,350, even though the fundamentals look good (Like 66% of $5k)?
(the rest of this is mostly me just talking to myself ... out loud
)
Like at around $3,350, guess in the unlikely even that China bans Bitcoin, or something else huge causes the price to drop all the way down to like $1k, would be okay with that (although that seems unlikely)? Although more probably the price would likely go back up to $5k - and decently soon, especially with Russia warming to crypto, etc?
Probably there's a good chance the price won't ever drop as low as $3,350 again - but if the price does drop that low, probably it'd be crazy not to buy when there's so much hype?
SUMMARY: Would like to buy back into Bitcoin - this time around, am going to try to buy low, and not high
Although it's so hard to know where the low is - maybe it's at the low *right now* and am missing the boat ...
again???
(Gosh, am such a fish ... eeeh, who knows
)