2 ms·

I'd probably buy more before it reaches 2K anyway. I was talking more like in a hypothetical scenario where I wake up in the morning and BTC is 2K.

• kristopolous 4y ago
  If it was I'd honestly pull back. Cryptocurrency has a future and Bitcoin is as necessarily part of it as much as Netscape and Yahoo were necessary for the web. (Or US robotics and compuserve, pick your loser) The thing itself can survive the collapse of the current winners.
  • vidarh 4y ago
    That is a possibility, but I think the point is that if BTC was $2k tomorrow, then whether or not it survives in the long term, it seems highly unlikely to at least some of us that it wouldn't bounce back to substantially above $2k again whatever it's long term fate is. It's a gamble, and I certainly wouldn't put money I can't afford to lose on it, but at some threshold the potential upside becomes significant enough to justify the risk. Where people put that threshold will vary. For me it's well above $2k.
    • can16358p 4y ago
      Regardless of the value of Bitcoin, anyone should ALWAYS only invest (or gamble, in one sense) amounts that they can afford to lose. I don't know why anyone does otherwise.
      • vidarh 4y ago
        That's true, but there's a significant difference between a gamble on something like Bitcoin, and, say, putting your money in an index fund. My point was that even with that substantially elevated risk, there is a level where some will find it a worthwhile bet even in the middle of a massive drop.