RE: Next Stop For Bitcoin $5,000 and Beyond. By Gregory Mannarino

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Next Stop For Bitcoin $5,000 and Beyond. By Gregory Mannarino

in bitcoin •  8 years ago 

Lets do a fire stress test now with some forms of money..
-Light a match under a fiat dollar bill. What happens? Burns away your left with a dirty pile of ash.
-Now light a match under a $1 silver eagle. What happens? It gets hot - still there.
-Now try lighting a match under a bitcoin. What happens? Can't do it unless you were foolish enough to burn your only copy of a paper wallet :)
-I think after this we can conclude there are some major parallels to the dollars physical weakness and the dollars actual value.

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Buy Ethereum and hold. Add to your holdings as funds become available. When Eth hits a ratio of 2:1 or 2 ETH to 1 BTC then swap half your ETH for BTC and sit back and enjoy the ride up for the next 4 years. Do not sell or trade your position ever - simply Buy and Hold.