Get long bitcoin.
- Thread starter Giddiyup
- Start date
It will be the new gold. Of course a buy.
It already is the new gold. And with all this regulation going on, there should be no reason why it shouldn't make new highs within the next few years.
It is absolutely not. It’s heavily manipulated and unregulated to the point it is a casino. I have no idea how people think it is a store of value. Simple economics seems to elude cryptocurrency fans.
What regulation? All I remember reading about is that agencies are now preventing some states to disallow it altogether. It has the backing of no governmental agency? It is a wild-west instrument.
And giddyup/gaussian, if you really believed in it, why didn't you go long at $4000? Yer' just chart following, and are finally convinced that it will keep going up from here.
That's usually the time the rug gets pulled from under your feet.
Last edited:
I went long at 3k.
Look at the other thread. When everybody was screaming bitcoin to fall to 1k, I proposed a bet it will reach 20k first before 1k(This was when bitcoin was near 3k). I even explained that the support is ridiculously strong if it ever reaches 1kish to 2k that I dont see it falling to the 1k level.
True.
If it breaks 10k and then 20k. It will be too late for the masses to obtain even 1 bitcoin. How many people can afford 20k at one go?
After it breaks 20k, it will be off to the races to 100k++ and it wont fall below 20k again. By then they will be mad that they did not buy some cheap btc when its still relatively affordable.