Personally I believe in cryptocurrency. I've been using Bitcoin for more than two years and I haven't regretted my choice yet, especially taking into account that its price has been increasing. Also I've recently invested in Ethereum. It has to be noted, today we have several digital coins with a big potential. In case someone wants to find out more about various crypto projects and other people's thoughts, I can recommend to check cryptocurrency user reviews on revain revain.org/projects (this is a platform where an independent cryptro users share their experience). [Reply]
Originally Posted by MelGrif:
Personally I believe in cryptocurrency. I've been using Bitcoin for more than two years and I haven't regretted my choice yet, especially taking into account that its price has been increasing. Also I've recently invested in Ethereum. It has to be noted, today we have several digital coins with a big potential. In case someone wants to find out more about various crypto projects and other people's thoughts, I can recommend to check cryptocurrency user reviews on revain revain.org/projects (this is a platform where an independent cryptro users share their experience).
Originally Posted by BossChief:
Cointelegraph has been crazy spot on with their analysis and predicted the run of Ethereum to 650+ a couple weeks ago before it was even 350, predicted the run on Bitcoin to 17k and now has a pattern target for Bitcoin of a little over 24,000.
Get your money in before it’s too late.
I suggest everyone here to read that site daily and to religiously follow their recommendations for when to buy and sell.
Originally Posted by Jewish Rabbi:
Put in what you can afford. You don’t need to buy a full Bitcoin. If you can afford $100 and price of bitcoin doubles, you will have $200.
Originally Posted by ChiefRocka:
bitcoin at 6 figures is not outside the realm of possibility
there will be pumps and crashes along the way
Edit: The next crash will be due to government regulation viewed negatively
Originally Posted by RunKC:
Is it going to double? I mean the stock is 20k. Hard to think that or the price will peak too much more IMO.
Originally Posted by BossChief:
People have been saying that since it was 5 bucks.
It was 7608 exactly 1 month ago. Right now, its 19,800. The pattern target of the current leg of the breakout is 24320. CME starts trading today/tomorrow. It hits Nasdaq in June.
Originally Posted by BossChief:
It’s gonna be 25k in a week. I want to buy more while it’s in a correction. Only reason I know it’s allowing sells is because I tested it by selling 2 dollars worth.
Originally Posted by ChiefRocka:
interdasting- Graph showing Bitcoin nearing $100k in 2020
Originally Posted by TwistedChief:
I work at a private trading company that is one of the most active in Bitcoin. I have watched its rise from afar with some bemusement.
Over the past two weeks, I have seen more bubble-ish signs than I've seen in almost anything in my career (working in financial markets at an investment bank, etc since 2003).
The highlight was my wife asking me last week to buy a Bitcoin for her because her friend in fashion heard it was a good investment.
I only offer the above as caution. Red flags are everywhere. The only saving grace is that there's very little leverage in the market, but that's countered by the fact that there are a lot of unsophisticated investors who have just gotten in over the past month.
I'm not sure how I feel about it intrinsically. I imagine it will someday be worth nothing but have thought that for awhile and have certainly been wrong. I'm just saying that it's been in bubble territory recently and its "value" right now isn't something that's good risk/reward at all to be betting on. This is a bad lottery ticket.
