Quote:
Originally Posted by ReggieDurango
It seems a lot of people are going to sell at 25K (if it ever gets up there).. So I’m thinking about selling at 24.5K ;-)
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There was a time when I traded BTC to sell high and buy lower. That time is now passed.
The USD is going to collapse in value (after a brief spike, I believe, that will be very short lived).
After that action, the USD will drop to its fair market value as just one of the currencies in the world, not the reserve currency of the world.
I believe it is very very important that everyone have some hedge against this outcome. Just look around at the USA. It is a world pariah. Everywhere in the world, people no longer respect the USA. Recent polls show that the United States is viewed "positively" by less than 30% of the world population - as low as 19% in some major countries.
That loss of respect, in addition to the critical failings of the Trump administration are having a radical effect on the status of the US dollar.
Fair value of the dollar is probably about $0.25, perhaps even less.
Just my opinion, but I'm not selling my BTC at any price right now. I will hold it and my gold and my Canadian dollars until the world stabilizes. At that point, BTC may very well be worth $40,000, $80,000, $250,000? It all really depends on how hard the USD drops.
Imagine selling for $25k, and 3 months later finding out that a used car costs you $250,000 USD, and your rent is $90,000 per month. That's what happens when currencies fail.
Take this advice for what it's worth....
