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This will end poorly.
by dralley 6y ago
This will end poorly.
- giarc 6y agoIt'll see another bump when 330 million cheques for $600 (or $2000) go out to all American's soon. A lot of people will have some extra money to invest. Look for bump in TSLA then too, a favourite of RH investors.
- bdcravens 6y agoIt will, and then in a few years it'll jump again. Bitcoin is pretty consistent. Bubble up to multiples of previous high, then collapse 70%+. Then in 2-3 years, do it again. Each time it dumps, it'll still be higher than it was the last cycle. Previous results don't guarantee the future, but most likely, if you can keep your emotions out of it, you'll make good money following the cycle.
- f430 6y agoNo. It will end this time when the stock market sinks. Bitcoin prices and US equity index are correlated This is why Bitcoin is a failure because if it was a "store of value" like its maximalists claim it should be inversely correlated like gold for instance. Gold prices will keep going up and people holding large amounts of it are FOMOing
- gchokov 6y agoGold is not inversely correlated to stock market.
- ur-whale 6y ago>Bitcoin prices and US equity index are correlated Source?
- imtringued 6y agoIt will end once central banks figure out how to create 2% CPI inflation more efficiently. If you want to do the biggest short possible on Bitcoin your best bet would be to figure out how to convince governments and central banks to solve the problem once and for all. The easy money will be gone and the bubbles will drag the value of Bitcoin down instead of up.
- f430 6y agowhat? inflation has nothing to do with an online cult that requires people to transfer their wealth to the top 1% of the bitcoin hoarders/miners
- Aunche 6y agoI'm not so worried about Bitcoin as I am about regular people who lose their life savings trying to time the market.