It will take just one FUDster to knock BTC for six. Because it has no intrinsic value (like gold!) it relies on positive spin being lapped up by sheep looking for a fast buck. Yeah, it will rise and rise (mooning?). But there will be a market correction...some day. So make sure you have an exit strategy!
RE: The World of Cryptocurrency - Bitcoin is Gaining Ground
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The World of Cryptocurrency - Bitcoin is Gaining Ground
I see the comparison. One strong FUD story about gold and it will drop from $1300 down to 50 cents
Make sure you have your exit strategy prepared for the FUD that could come and hit gold
Errrr .... that doesn't really sound plausible.
So your analysis of what will drive BTC down into the cellar seems correspondingly insightful
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It is best to invest now in bitcoin and whatever we got from it - the profit, earning & etc will be invested in tangible things so that whatever happens to btc at least we have already something to look back.
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