One should buy it when few days in the row here aren't any new posts in BitCoin & AltCoins. You are welcome.
When to buy crypto?
- Thread starter sharklasers
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You need to buy when people explain how bitcoin will go sub-zero and momentarily sell when you see people looking for favorable residence for crypto moguls.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Sure enough, immediately after this advice btc +4% 😀
+8% actually
Last edited: Feb 15, 2023
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
We will see whee it ends. It is still about 60% underwater. Not exactly a safe haven ....
There is simply too much volatility to consider it as an investment.
https://www.cnbc.com/2023/02/16/bit...-crypto-market-gains-84-billion-in-value.html
There is simply too much volatility to consider it as an investment.
Even more ->
https://www.cnbc.com/2023/02/16/bit...-crypto-market-gains-84-billion-in-value.html
This is a very subjective and risk-averse personal assertion.
Volatility doesn't matter for a long-term investor.
Indeed.
Also for the medium term. A used book dealer doesn't refuse to buy books just because their value might go down. He just builds volatility into his buy and sell price threshold.
Also, volatility is the lifeblood of a short term trading.
I fully agree that it is a risk averse assertion. However, "personal" should be excluded.
Crypto is pure speculation and as such cannot be considered a serious investment. It is for the most part "casino" and the extreme volatility confirms this.
-> Five Reasons Which Make Cryptocurrency a Bad Investment
The coinage "long term investor" is overstretched in the investment universe. It is used when things get sour.
Note: Long term we are all dead. So, what is long term? Is it 1 year, 10 years, 100 years ...??
Bitcoin and crypto are 2 different things. Much in the crypto space is indeed poop, however Bitcoin is a digital commodity. Stable coins also have a very strong use case.
Vola does not mean much except that it is volatile and such a wild horse has to be treated as such, since you are measuring one thing against the denominator which itself has quite a high vola. Its not like the usd is like a meter, it is more like a rubber band.
Your quoted article is also quite basic, e.g. just not having a cashflow is not a reason to disqualify.
Things which do not have cashflow cant go bankrupt on the other hand 😉 like is the case for all commodities.
Not true. Its just not en vogue these days and if the term is used its abused. however there are families which inherit large portions of stock of long lasting companies etc.
Absolutely, @JackAlabama spot on!
Crypto and Bitcoin are two different things. Bitcoin is the wealth you can keep and carry over time, for your children/grandchildren/great-grandchildren... All or at least 99% of all shitcoins will be gone within a few years except Bitcoin, until then you can continue to ignore the best asset of the decade at your own risk.
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