Bro I am sure I have mined more BTC than you have owned in your life. Like literally 1000x more to be honest. Have been fucking with crypto for years upon years. BTC going down. Its getting stomped as we speak. Go ahead and buy at 17500
Be my guess and preserve your wealth LOL.
I understand more about crypto than you ever will. You are 6 years and 5 asics behind me. I have multiple s9's running as we speak.
Any way to make cash of BTC has been lonnnnggg gone. Only people that made real cash are people that bought years ago and held, or people that had the 1st couple rounds of asics. Outside of that its over. Its going back to sub 10k. Meaning if you bought now, you would lose half your money. You will see.
Then again you bought an IPO at 3x its value days before the whole market gonna get stomped. We are already at a 1% correction. DAX over 2% down. You already lost money in sub 24 hours. We take your opinion with a grain of salt.
TLT, VXX, UVXY, and SPXS up up up and awaaayyyy!!!!! Its time. Market go bye bye.
An extreme example: whoever understood he could store his life savings in bitcoins in Venezuela years ago would have saved 99% of his wealth. Not only that, would have seen his wealth multiplied because of the BTC bull run. But no need to multiply your wealth. The only fact of having a so easy way of securing your wealth for the future in times of hyperinflation is amazing. Just need a USB wallet or even a piece of paper. Compare that with buying gold bullion and having to store it in a safe place, or carry it with you in a dangerous environment
That makes no sense. You would have had to bought BTC for under $200 (pre 2014) to 100x your money. A few sure did. Literally "a few". But that opportunity has been long gone. Exchanges have been releasing information that 90%+ of people lose money in crypto. You know how many idiots bought ETH at $1000? Tons. They all lost. ETH will never hit $1000. If they held for 3 years they could of recovered around 50% of it. BTC is worth less than it was 3 years ago. You know how many people bought 3 years ago and lost? Tons. Even if they bought 3 years ago and held, they still lost. Nobody is preserving money with BTC. Only people making money in 2020 are bots scalping and exchanges. If you bought today, you would lose a significant amount of it going forward.
As far as gold. You don't need bullion. You can buy paper gold. Or trade futures. I made at least 50k off gold in 2020. Never touched bullion.
The whole crypto space is a pure gimmick these days. 99% of crypto projects have 0 purpose. Running a blockchain based app vs a standard app will cost you 100x more. An alt is made with a gimmick white paper. They pre mine literally 80% of the coins. Release the coin, and dump. Literally every alt has done this. Name a coin and I will tell you how they are scamming. I can even dig into some really good scams where they even went as far as to say they got hacked in order to lock wallets and halt trading.
BTC is the only real coin, but its a shit coin itself. The highs you are seeing today...probably the last you will see. Probably forever. Heading back to sub 10k, then sub 5k after. They only ran it up one last time along with the phony market to take more suckers money. I would hate to be that guy that bought at 19k. He is losing his money by the second.
BTC is nothing more than an extremely volatile store of value. With a 90% chance of losing. Would pick gold any day over BTC. But would pick the market trend any day over gold.
BTC also follows the s&p. Also both BTC highs have been under trumps market rallies. Its likely you only traded stocks under trump. You are about to see a whole new market come january. 2021 will be a complete loss on all indexes. With gold even higher (BTC down), and the VIX at unreal highs. Smart people have taken profits and are getting ready for the next cycle of the market.
After learning enough you will see that BTC is only a platform for criminals. Be it the dark net, or ways to funnel money. Its no place at all for investing. Certainly no place to put your life savings (thinking that BTC is in any way a place to protect your wealth against inflation is completely fucked). If you want to protect your wealth, put your money in a fucking bank account. If you want to gamble your money buy stocks. If you want to invest your money, talk to someone with knowledge and setup a proper portfolio that will make money no matter which way the market goes. If you want to lose your money, then go to a casino or buy BTC.
