31–40 of 121 posts
It could also go back to $100. Bitcoin has no mainstream use right now. It's too expensive to transact in terms of money and time, it's too volatile to be a store of value, it's too technical to be used casually, it's too fragile since it gets hacked every which way, and it's too easily copied to be rare.
Crypto is also a stock market 2.0, where bitcoin is an index fund.
It could also go back to $100. Bitcoin has no mainstream use right now. It's too expensive to transact in terms of money and time, it's too volatile to be a store of value, it's too technical to be used casually, it's too fragile since it gets hacked every which way, and it's too easily copied to be rare.
People always forget to include future innovations in their projections. It's as if they don't believe (or know) that software can rapidly improve. The lightning network looks very promising in its ability to scale and reduce fees. It would make transactions nearly instantaneous, have reasonable fees, and help scale the network.
No, it would help scale "the lightning network" which would not be the same as "the bitcoin network".
Yeah, this seems like weird erratic behavior. I mean if you are raising a big fund for bitcoin and you think it's going to drop, that's good for yoi because you can buy it cheaper. And if you are not a bitcoin bull, why raise a fund in the first place? Something is up with this guy
BTC will make a massive rebound in 2018. I'm sure a lot of BTC bulls have full knowledge of this possibility and are acquiring as many as possible.
It could also go back to $100. Bitcoin has no mainstream use right now. It's too expensive to transact in terms of money and time, it's too volatile to be a store of value, it's too technical to be used casually, it's too fragile since it gets hacked every which way, and it's too easily copied to be rare.
Bitcoin's value prop is a store of wealth and it's an entryway (through exchanges) to far more interesting coins. Crypto is also a stock market 2.0, where bitcoin is an index fund.
Earlier quoted context omitted.
And he also says "It is going to become the biggest bubble of our lifetime" in the video embedded with the bloomberg article.
The internet was a big bubble, and quite a few stocks survived and made handsome returns.
Earlier quoted context omitted.
And he also says "It is going to become the biggest bubble of our lifetime" in the video embedded with the bloomberg article.
Well, if you predict every possible outcome, you will be right at least once.
I refuse to believe that he didn't anticipate this given how insanely it was going up lately. I'm surprised he haven't bought back yet and wants it to go lower. It totally could though. Just 2 months ago $10k for Christmas sounded very optimistic.
Who knows, it might still be very optimistic today.
It could also go back to $100. Bitcoin has no mainstream use right now. It's too expensive to transact in terms of money and time, it's too volatile to be a store of value, it's too technical to be used casually, it's too fragile since it gets hacked every which way, and it's too easily copied to be rare.
People always forget to include future innovations in their projections. It's as if they don't believe (or know) that software can rapidly improve. The lightning network looks very promising in its ability to scale and reduce fees. It would make transactions nearly instantaneous, have reasonable fees, and help scale the network.
And you posted that comment while driving your flying car on your way to alpha centauri, right?
Foolosh cargo cult beliefs such as the ones you've illustrated do not serve as any basis to make investment decisions.