Haven't left yet, most people would have left by now. Plus I am a business student so I am taking an economic perspective of Bitcoin and believe that Bitcoin is not the solution. Still believe in crypto though
What it needs to be is an actual way of paying, it’s clunky, most people don’t QR as easily as they Apple Pay. And how can anyone price their products if the price changes so quickly.
As much as I love anarchistic nature of bitcoin, the losses and pain it causes people right here right now show that regulation and stability creates the necessary environment for it to be a viable currency.
But then without the volatility we have no chance of making our money back 😂😂
Where do you guys think it will bottom out ? I still have faith in the currency, but not its current valuation. I'll buy some when it's consistently bottomed out for a little while then watch it slowly climb back up. Maybe I can actually afford a whole bitcoin someday, hehe.
Investing isn't a science. There are no laws or rules to follow. Everything is completely dynamic. Just because a car company did great around a certain time of the year every year doesn't mean it won't go out of business the next year.
Everything is science. It's all the laws of physics. We might not know exactly what will happen, since there is likely randomness as part of the calculation, but there is general a direction to things.
And the interesting thing about human time periods is that they aren't 1 year long. They are multiples of 9 months, usually. 9 months in one direction and then 9 months in another. Not clockwork. But on average.
It's going to shoot to mars because of what... your random beliefs based off things a friend told you that he got from from a random guy on youtube/reddit? Whats the catalyst that you know will take it to the next level? What's the catalyst that triggers mass adoption that brings this higher and gets those of us who don't give a fuck to take all our currency and go 100% bitcoin?
TBH because you asked so nicely i will not share my opinion to you or my knowledge. And i have only just come to Reddit, i have lived, breathed, ate and s**t Crypto for 6 years now i make my own judgements buddy. Good luck and i hope you do well.
Back in 2011 btc wasn't popular or a thing yet. It became mainstream last year and boomed. Tanked because there's no real world adoption. This crash is for real. It's done. There are no fundamentals behind Bitcoin to make the value rise. It wasn't mass adopted during the boom and the crypto experiment has now ended. If you have any experience trading securities equities anything you'll understand fundamentals have to back the investment.
The "boom" you speak of hasn't even happened yet...
Bitcoin may pass $100k in value during the next cycle.
I'm buying like a motherfucker. This is an accumulation period.
Perhaps the last great buying opportunity, ever.