JPM sees that Bitcoin can be like the metals market. Once you control enough of it, you can manipulate the prices.
Ahh! for an investor over 65 who lives in a cave my question has always been what really is bitcoin. Is it based on perception or a clearly defined opportunity?
Depends on which way you look at it. A person needs to due their own Due Dilligence to determine if it fits their criteria. The Mungers and Buffets call it fools journey, Others see it as a opportunity. History tells the story.
You remember beanie babies? An item has value just as long as the next person is willing to pay something for it.
That's funny Mr. Rustic. History does tell a story. What period of time constitutes history? Due diligence is a great suggestion. In today's world the chances are there are 1,456 definitions of due diligence. If a person has financial principles that they never waver from, then those principles will determine whether you invest in Bitcoin.
Great point! I whittle through the BS and move as I feel appropriate. I tend to measure the overall metrics of the market and adjust accordingly. I pity the FOOLS that fully invest and become trapped in their own stupidity.While they must wait for the floodwaters to recede, others like me rejoice and ride the wave. Meanwhile, in tulip bulb land.
The last bitcoin will be mined in the year 2140. If we think about the amount of energy that this will need... Insane.
I was rushed ok? Ill get right on that! Also, I think its great that we are at a point that we have to check portfolios on weekends
Wow. Uncharted territory. Anybody willing to speculate on where this is going next? I say 100k seems to be in sight now...
Depends on how the whales plan their exit. Some older wallets have become active recently which sends bad vibes to some. Others fear a government ban which is highly unlikely. You still have the ones that swear its a ponzi scheme. On the otherhand, more and more are realizing it has a monetary value and quickly buy the dips. I say we keep moving forward with the dips and rips. In my OPINION 100,000 is not out of the question. Hopefully in small steps.
