Bitcoin boom
I invested heavily in BTC,Eth,LTC. Am down more than 50%. This has been the worst investment of my life. Just wondering do y'all believe BTC would come back again with a boom?
Absolutely not! What is bitcoin? Actually nothing, it’s just fictional value, which went up because everyone wanted to enjoy the ride. It’s a dead horse now
Not sure though but it has been bouncing back if you check past ten years chart.
Yo the boom was within 10 years. The crash and extra volatility was within the last 3
Each time the boom sucked in more bagholders, and each boom was only possible because there were new people to suck in who hasn’t heard of coins before. This time it’s different, the world population is running out of suckers.
I believe. People thought the same in 2014. It's a cycle. There will be another pump in the future. Couple years. Same shit repeats
Tulips had a few waves too. Sadly the last wave was 300 years ago.
Isu: I'm sorry you don't see value in bitcoin. Ability for government not to freeze funds. Ability to send money to whoever without question from banks. Bitcoin functionality has not changed since it was created. It's only getting more and more awareness now. Sure, the 2017 pump was crazy and needed to correct. But bitcoin value will always remain. Tulip? Wtf can I do with a tulip? I can't easily send it to whoever around the world. Don't compare apple with oranges
What did you expect buying at the peak? You can’t buy during the hype. That’s too late.
I did not buy at the peak. Like I said am 50% down. I don't need that money now but it is hard earned money and can't see it being drained away like that. Especially from humble backgrounds. It hurts!. I just wish the boom comes back again.
So you bought before or after 20k? The answer doesn’t really matter. Here’s the real deal: there are no get rich quick schemes. The people that got 10,000% returns on bitcoin aren’t reproducible today. You need to take a realistic approach and invest in low cost index funds, hope you get a 7% return per year, and when you retire your portfolio will be at least 4-5x it’s current size (if you weren’t to invest any additional money).
It was close to 20k and has been falling since then. What I’m trying to say is that it is totally sentiment driven. It’s not like a company stock which may rise if the company does well. Also I’m not an expert by any means so if you have large amount of money involved then you should probably take help from some expert
“Invested” -> “gambled”
I think you mean paper shredder
Governments aren’t very happy to embrace untraceable virtual money. That’s why countries are banning it. Maybe you can’t stop it, it’s inevitable and all that, but here’s what happened. Why did it boom? - because it became super trendy. When my barber starts telling me to get into bitcoin, it’s time to get out When will it boom again? - it won’t boom due to trending. That ship has sailed. Now the only way it’ll go up is if it becomes more valuable. Therefore bitcoin has to become accepted everywhere. Buy lunch; bitcoin. Buy clothes, bitcoin. Takes cab, bitcoin. Again, I don’t see the past repeating. If anything it’ll be a very slow climb if at all, and more likely decline again
Why did it boom in 2017 and decline in 2014? Why did it boom in 2013 and decline in 2012? It did the same every year.
Crypto is more traceable than actual money... Smh
Governments will never have a currency that fluctuates like stock market.
Fyi, pick up some nash! First decentralized exchange! Will be better than binance and Coinbase. https://nash.io/referrals?code=xDmpee
No Its going against governments , allowing money to go par borders How much you lost?
I did not sell yet,but am down a lot.
Governments will launch their own cryptocurrencies.