Bitcoin is like Tesla stock
I want to invest in Tesla - but can't. Because as smart as Musk is................he is also his own worst enemy.
Tesla opened the day around 900. It is down (now) around 20. With Musk in charge NO ONE would be shocked if the stock fell to 500 or went to 2000
I have zero desire to invest in something with that much uncertainty and volatility. Same with Bitcoin
A week from now it could be 15k. Or 5k
NO ONE would be shocked, either way. I cannot invest in something where I have no clue what will happen tomorrow. Or in a week. Bitcoin is the same
something is happening with bitcoin.. jamie diamond says it is a fraud... 2 years later he puts it on the chase platform ..... makes you go Hmmmm ... this guy has a little Adam silver in him
Adam silver said the same thing with sports betting then he does a 180 degree reverse... why did silver say he was against sports betting ??? simple he was lying and so was jamie diamond calling bitcoin a fraud..
now google is doing something with crypto... digital currency is coming too .that means the dollar will be used less down the road.
Any "currency" that drops 8% in like half an hour is hard to get excited about as an investment you trade in. I think the smart guys are just dollar cost averaging and keeping it for the long term. In those regards it should be fine, like a home, give it 10 years and you are almost certainly going to have more value and probably beat inflation.
Volatility is what's wanted for day trading.Any "currency" that drops 8% in like half an hour is hard to get excited about as an investment you trade in. I think the smart guys are just dollar cost averaging and keeping it for the long term. In those regards it should be fine, like a home, give it 10 years and you are almost certainly going to have more value and probably beat inflation.
I bought stellar lumens at under 4 cents...its my lottery ticketinvestment watching pain dry.... the trading buy/sell is much better.
Stellar Lumens has hit 0.10
BTC $11,406............ETH $ 391......XRP 0.312.........Looking over bought.......i'm adding on pullbacks, but it's gonna get volatile ........i think we go higher but a bumpy ride !
nice22 cents today
Congrats blue. I sadly dumped all my coin about a year or so ago. Feeing serious FOMO
Congrats blue. I sadly dumped all my coin about a year or so ago. Feeing serious FOMO
If this follows any kind of technical path like stocks and currencies do, passing its all time high (if it gets there soon) after a very short shakeout means its going to make a huge leg up. All the reports of the whales selling taking profits means it went into much more bullish and speculative hands.
trump against crypto... he is putting regulations in just before he gets out. The treasury sec mentioned it... So like coinbase said...it will really take a dive..
Short term impact really. How much of the market is US-sourced money anyways? People are in crypto precisely to avoid regulation, trying to over regulate it is old school thinking and won't hold.