So eventually this bubble will burst... how do you know when to get out?
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So eventually this bubble will burst... how do you know when to get out?
Dude I wish I knew. I do lean towards crypto being a bubble. Honestly the only way to truly avoid it is to stay out of it. Others say if Bitcoin does become a truly accepted currency it will be over 100,000 a coin. You can find all kinds of crazy predictions including the bubble one. You asked when do you know when to get out, truth being you can never find the top or bottom of these financial things until it has come and gone. I'm being prudent with it, it's making money now. If you are interested read up on it, see what you think, one Bitcoin at this moment (it can change quickly) is 11,800. You can purchase fractions of it or mine it if you have the technology to do it
Array
Do not let success go to your head and do not let failure get to your heart.
There are other crypto coins called alt coins that are doing well. Dodge coin, ripple, dash, litecoin, ethetium and a bunch of others I know nothing about. People do well trading on this coins, usually transferring profit back into Bitcoin which has more growth. I was thinking of looking into it but then you are getting into full time job always staring at the screen territory. A few guys on a crypto forum I'm on do that and it seems they are doing well and don't have that redicoulous this will go up forever attitude. A coworker of mine is like that, he actually told me he can make money forever as it will always go up. Sure that would be great but reality has to come into play at some point, not necessarily a crash but at the very least a major correction
Dudes as I wrote that it broke 16,000, 16,280 last I looked. i have never seen anything like this.
When I gave me little lesson on Bitcoin did anyone get in on it? Just wondering cause money would have been made. TBH I don't know if I'd touch it at this price but I said the same thing when it was 10,000
I bought 150$ of Bitcoin and 138$ worth of Litecoin just for a giggle and to see how it works. Just looking at my app now and my 283$ has turned into 325$ haha
Walrus The sabotageur
Hey buds, if u have exposure to btc stay aware. Institutional investors started trading trading and the nasadaq will be in later this month. I'm staying long for a bit but being cautious. When the whales get in manipulation ain't impossible
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