The other day I sat down with my friend Chris Guida, long term Bitcoin enthusiast, software developer and all-round nice guy, to discuss some questions about cryptocurrency that people had raised on the Internet.
Firstly, do we regret investing in cryptocurrency? Both of us started buying years ago, so the answer was a clear no. However, there are many people who didn't have the good fortune to buy so early. Chris says it's likely that the crypto market will come around again - just like with a traditional market, there's a boom and bust. It's easy for a lot of folks in the media to say that bitcoin is dead and will never come back - but literally hundreds of pundits have said that before, and it hasn't stopped crypto yet.
We also discussed whether the crypto bubble of 2017 was a pump and dump scheme, a manipulated effort by whales and market makers, pushing money in and loudly and taking it out quietly. Wherever there are markets, it's almost guaranteed that people are trying to work them in their favour, but in this case it's unlikely that there's one grand conspiracy to push up the price. The price, and the bubble, is a result of a lot of individual actors, buying, selling, holding, and saying the truth or saying lies about what they're doing.
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So, do you think that the cycle will repeat again?
Are you using all your $$ you got from BTC, to buy more BTC again, while the price is so low, in expectation that it will again?
Peace.
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I think it's likely, but nothing in life is certain. I wouldn't put all the money I gained into crypto, because I wouldn't want to risk that much on it. I'll keep enough in that I'll benefit if it goes up again though.
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So you feel safer, holding the majority of your assets, in a fiat system, that could collapse overnight, at the whim of a handfull, of very corrupt individuals? 😜😰
Peace.
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Who said I hold fiat?
Well, I do, but precious metals are also key
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I thought that you have made another interview in the meantime... :)
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Haha not quite. But I am trying to get the next clip up today.
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y bueno, entonces?
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Great job
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I regret didn't buy bitcoin before :(
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Technology has changed everything around us. living without them is unimaginable now. How can the financial industry be left untouched? From online banking services to blockchains, a lot of changes have come into effect in the last few years. One such change that changed the way we look at trading was bitcoin
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Heck no! I regret spending Bitcoin!
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