At this point in BTC history, I would no longer try to guess the market. Just hodl and you will end a winner. If you are basing your trading on the past, you will lose. BTC is moving into mass acceptance. Whether you think it is viable as a currency or a store of value, is irrelevant. BTC in and of itself has no intrinsic value, while the dollar represents the debt of the United States. The value of BTC is what we give it. The value of a dollar is based on the US not going fascist. You will see more and more countries legitimizing BTC as currency to combat their own inflation. Since there is finite BTC, it is unlikely to ever significantly decrease in value, and any decrease will be slight and short. These are still early days for BTC, but I'm not trying to convince skeptics anymore, who cares? Does anyone here really think BTC won't be worth twice as much this time next year? Go buy stocks and bonds then. Standing on the sidelines gives you no voice, and if you are not in BTC, why do you think you have a legitimate opinion? There is no secret strategy to wealth with BTC, it is simply buy and hodl.
|