So I have 11 BTC. I like how we are hovering around the 200 daily MA, which confirmed the 2015 bottom, so historically we are at a reversal point. I’m thinking we are at the accumulation stage right now. Reasons to be long term bullish include halvening scarcity, potential for institutional money to come in, and implementation of scalability solutions, to name a few. I don’t believe crypto or BTC will go to zero, that’s fucking retarded because BTC has solid fundamentals (trustless, sound storage of value) but Insuppose it could go to the $1000 range, but at the same time, I feel like it will probably only go to the mid $2000’s as there will be heavy but pressure in that area due to said fundamentals and bullish outlook.
Am I retarded for having any hope on in BTC?
David Lewis
Other urls found in this thread:
newsbtc.com
twitter.com
Logan Thomas
nice just bought 100k
Benjamin Butler
>sound storage of value
>loses 50% of value in a day
Robert Williams
>brainlet
Ian Ross
Lightning Network progress - real world use case:
newsbtc.com
Blake Phillips
>As of the time of writing, the scaling system can facilitate upwards of 628 BTC, $2.18 million, at maximum capacity.
lul Im sure muh LN is gonna save bitcoin
Nathaniel Rogers
Stay poor
Luke Rogers
BTC has solid fundamentals indeed. Unlike the shitcoins, BTC has many practical uses and the internal bitcoin economy is very active. Bitcoin can only go up but the subjectivity of the value of the technology means that bitcoin will fluctuate in bump and run patterns. Bumps will occur when the world needs bitcoin the most, and runs will occur when this demand goes down and active users liquidate their bitcoin.
As you can see I am a diehard advocate of BTC and it is the future, but unless you are a whale that has power inside the community by brokering important transactions, I don't think you should blindly hold bitcoin.
Kevin Sanchez
Your question is retarded. Imagine that there was no bitcoin price. What do you think a trustless store of value should be worth. $1? $10? $1 billion?
Gold is also a sound trustless store of value. Bitcoin forks are also sound trustless stores of value. So you have to take these into account because they will steal market share from bitcoin.
Camden Bailey
None of those things you listed are as secure as btc, it is the strongest and safest store of value on Earth.