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BTC may dip temporarily, but with the entry of institutional money, we won't be seeing near the dips you're expecting. I have been watching and participating in
by jameskegel 9y ago
BTC may dip temporarily, but with the entry of institutional money, we won't be seeing near the dips you're expecting.
I have been watching and participating in this ecosystem from the beginning, take it from me, it's not going anywhere. The only way to lose money operating in this market is to be reckless with leverage, or knowingly sell while you're under, and the same could happen for any asset.
- overcast 9y agoOh, ok. I'll take it from you.
- jameskegel 9y agoSo given how recent events have unfolded, how is your friend doing?
- overcast 9y agoPoorly, like the rest of you suckers.
- mancerayder 9y agoYour hypothesis: "it's not going anywhere." Do you have some argument points to back that up with? I keep hearing simple assertions about what will happen, confidently proclaimed by two sides of a table.
- ryanmerket 9y agoDo you have any hypothetical scenarios that could wipe BTC off the planet or at least make it impossible to cash back it to fiat?
- mancerayder 9y agoIt's not up to me to prove a negative. Also, my brain is too small to make sweeping confident predictions about a new phenomenon the likes of which defy existing models. Moreover you'd probably poke hypothetical holes in my hypothetical scenarios. It's a flip of the coin, as far as I'm concerned. Certainly some BTC were almost literally wiped off the planet, aka Mt Gox.