Quote:
Originally Posted by thommy
IF the price stabilize there is no reason for anybody to buy them.
the wins one can make is based on the volatility.
a stabilized bitcoin means that you will loose money on changing them into real money.
this is nothing but a gamble. you bet about how much the ash from burnt coal is worth or how much the biggest idiot is willing to pay for it.
|
bitcoin has lost its role as a payment method and has become a get rich quick scheme...everybody who got in in the last 6 months has lost money and the price and volume are naturally going down...at the moment there is 0 reason to buy coins...they will keep falling until only the die hard coiners are holding...
however, bitcoin has pumped up and crashed down several times in the past 10 years and it will do so again...between these periods there were long periods of relatively stable price and low volatility...
people will get greedy again...it is only a matter of time and now more people than ever know about bitcoin...the pump that will ensue may or may not be bigger than 2017 but it will be easy easy money...