Quote:
Originally Posted by DraX
Speculation is too rough as of late, I'm starting to feel a bit worried about the whole situation.
If you see btc as a future altcoin then which one do you see as main ?
What's b&m? All in all you must have done a nice profit considering where you started...  |
b&m = brick and mortar business..
Quote:
Originally Posted by ilnjscb
But "because I think so" is a valid argument. The fact that an asset rises in price is solely due to demand for it. Cryptocurrencies rise in price solely due to demand. If enough people who are not educated in how to evaluate intrinsic worth believe it will go up, they are correct.
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That's not what's happening right now.. Pretty much everything, Bitcoin included is getting pumped and dumped.. If you watch the market cap all the time you'll see that its hundreds of billions being moved in and out of the market.. Not just a few billion here and there.. Who can make those kinds of moves besides maybe wall st or governments? In the process all the new influx of investors which would generally buy in higher than you ideally paid are getting burned and they won't return.. If the dive is deep enough you may even get burned by the dump depending on where you got in.. The only safety net is being in at the very bottom, ICO..