I have about half my wealth in cash, just under half in gold and silver, and 2% in Bitcoin. I am debating whether I should buy more Bitcoin, and if so, how much.
I only acquired the Bitcoin during the recent surge, because I was getting frustrated with gold and silver obviously not being widely viewed as the safe-haven assets, as the true revolution against fiat money. Most people are still buying paper ETFs, and the price is barely moving just when it ought to be moving most. On the other hand, I don't see how a digital currency can really become the new gold. Obviously crypto has some advantages over gold, but there are so many crypto-coins now, all competing for the same space, so that, in a sense, crypto has no intrinsic value. How much higher can Bitcoin really go? I am torn between fearing that the price is going to drop into oblivion, and being led by my greed to believe the ridiculous assertions that one Bitcoin will be worth $50,000 in a year's time.
I would get some more exposure to BTC and pick up some speculative stuff like SUTER as well
Leo White
Buy ETH now and daydream about the future where you own a fancy house with a lambo or two in the garage and any hot bitch or two you want riding your cock
Hudson Wright
something strange is going on with gold, and the etf charade wont hold up much longer.
On Bitcoin...even though I will get flak immediately, I recommend you investigate what exactly happened during the segwit fork and what happened afterwards to BCH and the creation of BSV.
BSV is Bitcoin and the only coin/system/protocol that scales and that could have a future.
this might help you find an intrinsic value and the corresponding valuation.
Owen James
Do you think that $9000 is a price worth paying now, or that it is dangerously high? There are dozens of FUD threads and posts here every day saying that the price will crash down to $5000 soon. That is the only reason why I haven't acquired more.
Generally I find that people argue that only Bitcoin can feasibly be the next cryptocurrency, because only Bitcoin has a chance of reaching widespread adoption. What do you make of this argument? I have thought about putting some money in Monero, because of the privacy advantage, but, by and large, it seems to me that, if Bitcoin fails, the cryptocurrency movement itself fails, because the driving idea is that a cryptocurrency, any cryptocurrency, can become as widespread, reliable, and acceptable as gold, and achieve a similar market-cap.
John Barnes
BTC will hit $2000 within the next 2 weeks and stabalize
It’s good to have a lot of cash. If you are buying digital currency for a hedge and want what is most similar gold get some XMR. I’d put more in XMR than BTC. The PA on XMR is a lot more stable. I wouldn’t do more than 10% of ur assets. Your proportions are safe. Good luck Godspeed.
Nicholas Rogers
It's a ridiculous assertion that it's worth $8,000 too but here we are. It might crash to $1,000. Imo that's a ridiculous assertion as well, that it would be worth that much. And when it's $100,000, boy will it be ridiculous. Not to mention $1M. Kind of like the idea that a silly little protocol like TCP/IP could connect the whole world, utterly ridiculous. But it works.
Ian Hall
literally fuck all has come from any of these "partnerships" in 3 years now
Daniel Anderson
No one can tell you what it's really worth because it's highly speculative and all based on how people feel about it.
But, we have reached $20k before, and there's a reasonable argument to be made that we'll be testing those highs again with the renewed interest due to infinite money printing and inflation.
Eli Foster
Patience
Jack Parker
Saying that crypto in general are competing for the same space is like saying McDonald's and AMD are competing for the same space, or gold and potatoes are competing for the same space. As we've seen so far bitcoin acts like stocks and generally only goes up. If you are risk averse it's not a bad idea to keep 5 to 10% just to help pad things out with steady gains. Just be careful, dentacoin is certainly not the same thing as btc. I can see why one might think that, kind of like how gold and silver are both metals and have value because they are used in making electronics. Crypto is a little more complicated than raw materials and not as interchangeable like that. Ethereum is not a currency, chainlink is not a currency, and they don't try to be either.
Samuel Williams
You have to look at the things the cryptos do, because the promising ones are not so much currencies as they are technologies with tokens attached. Here are a few videos from a guy who can explain the technology and If you think the technology is worth investing in, buy the coins.
you seem to be reasonable one in a sea of kookos. Go over the list of other blockchain tech that is out there and is accesible to buy into..
the only entity profiting from xrp is ripple labs and they are not public.
R3 or some other tech is indirectly available maybe if you buy company stock, but even then, the tokens will have a value akin Frequent traveler miles, money in there would be not fungible and not liquid, with many restrictions.
Ethereum.... I bought 5000 in ICO, bought my first bitcoin at 130, so at ETH ICO I spent less than 3BTC or to say something that I invested. 390Euro.
Now, why did I invest in Etherum? because of the global computer mambojambo that VB and others were talking about, I mean damnit, the security of bitcoin but unbounded by the limitations that bitcoin when I learned about it had. How not to invest in that dream. I went to ethereu meetups before ICO, heck, while they were still discussing the foundational architecture, before even the introduction of the gas concept.
sadly I didnt sell at the crazy top of 1200 because I also believed in more to come.... very much likeWhy did I offboard from the ethereum train? Because it doesnt scale using POW. POW has like everything else on this planet as necessity energy. Energy can not be conjured up out of nothing. POS and all shitty other name conventions do not require energy, as they can "secure" the network by putting conjured up "wealth" as collateral. That is not only immoral, but also lays the foundation for a feudal system that might rein 1000 or more years.
And all that even if Ethereum actually delivers a scalable system.
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Brody Garcia
Monero doesnt work with FTFA regulations , any country within that regulatory framework will forbid the trading of those tokens within their jurisdiction. Meaning the only way you will be able to offload them is either by buying goods from sellers that accept a form of payment that is prohibited in >90% of the "legal" world economy or using exchanges thta are fly by night or/and non regulated and can exit scam anyday. Meaning solely from an investment sort of view, you are cutting yourself from the liquidity pool. If you want to go that route, I can not stop you.
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Nathaniel Reyes
in my personal opinion, if bitcoin ever moons again and receives widespread interest, it will be regulated more heavily by the government and will die because of it. i'd be wary of considering it a reliable investment.
Ian Morgan
And finally back to bitcoin..... It has the catchy name that every normie somehow recognises. They dont follow what is happening, the price or whatever. Some media hokus pokus and they will acept the narrative that BSV is bitcoin and that the companies selling the fake bitcoin went under and that a lot of basement dweller commited seppuku
exchanges that didnt list bsv and didnt hand it out to their customers, sold it underhand and or hedged their BTC with BSV will just from one moment to the next tell their customers that they always knew and here is their BSV no need to go down in flames,
the normie world will know bitcoin by the name bitcoin. Now to the ticker symbols.....
BTC, doesnt scale natively and depends on ever changing addendums to have hope of ever scaling, see lightning and some other crappy muh level 2 and 3 and 4 solutions. segwit is maybe a plus for privacy, but in a post privacy world that might put if things get bad BTC into the XMR corner, and if I had to choose Id go with XMR, because there is just no way to hide the BTC miners with all the hash that the chain needs.
BCH.... I like Roger, yet I think he is more like don Quixote and is fightning an unwinnable fight, and it doesnt scale. No, 32 mb is not scaling. The chinese made a a stress test a few months ago and BCH failed miserably... BTC is under a constant stress test and at ATH it failed miserably.
Jonathan Barnes
BSV. Yes, Im not going to lie, I held CSW as a scammer and also wanted him to sign or fuck off.
Just by chance I was following Ryan x charles since way back when and he surprised me when he went all in a scam coin, why the fuck would someone do that... I mean pump a coin with social media ok, I fell for that trap once or twice too, but really working on it, wtf, well then begann a new journey through the rabbit hole and what do I see, lots of people working on it, lots of ideas that other coins in the good old days wanted to make being implemented natively int the system... Ok, BSVis not only CSW, and then more, it scales, it can do everything that ethereum does and I go what? how can that be? 2013 sitting in a basement filled with coders and the smartest guys Ive ever met I hear that bitcoin doesnt scale and it cannot do the stuff that VB wants.... And no, shit, Bitcoin could do all that from the start, Bitcoin was just castrated when I first begann to know it.
Adam Long
So where does this new insight come from, that it scales, that bitcoin script is way more powerfull than tought... Shit, there he is again CSW. Fuck, so down that rabbid hole I go again, who is this guy.... Why the fuck cant he just sign or do some other irrefutable shit so that even me can be convinced that he is Satoshi? why? I dont know and honestly now knowing what I know about bitcoin and seeing all the development being made on BSV I dont care anymore.Bitcoin as implemented in BSV is way more advanced and robust than in 2013, and for me that merits a price higher than in 2013. If CSW can make due on a few key promises the exchanges and businesses that can be held liable are going to scram to get themselves BSV to make their customers and investors whole. that insurance is worth more than the current price ratio between BTC/BSV.
So even from a mere speculator point of OP, do with this info as you wish, to the others.... come at me, view BSV is a nice to have, without needing to go into the already quasi religios battles that are fought out here in the crypto community... believe me, I have already somewhat broken contact with to friend irl because of the dfference. Another doesnt accept the satoshi angle, that I somewhat do, but accepts the speculation angle.
Joseph Flores
If you're a conservative man trading crypto isn't for you. Your current position being all cash and shiny rocks is a low risk low reward one, if you're comfortable with it stay in it, if you're not go for crypto but then it's high risk high reward.
It all depend on your age and your responsibility, if you're young and single then it's the perfect moment for high risk high reward, if you've got a family at charge then it's wise to be a conservative investor
Logan Fisher
1) i would wait to see how the halving goes before i put more money into bitcoin 2) buy the dip you moron (assuming it won't death spiral and be fine in a few months) 3) 10-20% of your net goes to bitcoin depending on what percent other risky assets allocated in.
Jonathan Anderson
For a top buyer for you DCA is the way to go
Jack Stewart
>believe me rofl yeah sure why not... fucking imbecile >BSV is a nice to have oh nonononononono he is retarded
Caleb Powell
What government?
John Hughes
also here is what we seen on the shitforks at their halving: their hashrate halved but then it was fine. there was no problem with mining (altho daa makes them more robust against chain death than bitcoin) their price remained the same dropped a little after but recovered when btc rallied.
basically the halving was a non-even for bch and bchsv. bitcoin may very well do the same. crawl around at $9k $10k region drop a little recover hashrate gets halved mempool gets a bit clogged but it goes on. could take a 6 month to a year for the next bull to start in ernest.
John Lewis
gold is savings. you dont invest in gold, you buy it so that in the event the government currency fails you still have value, and you can buy land with a few oz of gold
Carson Parker
>gold is savings not really it's insurance saving keeps it's value insurance hedges your position against a disaster but you keep losing money on it investment you expect to gain on at a given timeframe
gold is insurance stocks are savings bitcoin is the best fucking investment ever
Ayden Bennett
sorry bonds are savings stocks can gain you over inflation. so they are sort of saving/investment
Noah Thompson
invest in value, not fiat pricing. look at the technologies thoroughly and genuinely. the best crypto isn't an exchange of value, but bringing value to companies through technologies attached to the blockchain in their unique way so that they can actually help other businesses in a profound way (whether it be something like smart contracts or what have you). THAT is the intrinsic value of crypto.
i disagree because of 2 main reasons: 1 the blockchain as technology is the most overhyped and useless thing ever. there is absolutely nothing on this world that can not be made better without a blockchain then with it. except for the sole exception of the nakamoto consensus to maintain a distributed byzantine fault tolerant ledger that is trustless permisisonless and secure. but the ledger itself is the value not the tech. the blockchain is a means to an end. 2 the entire thing about utility and businesses adopting crypto is just scammer talk. it's vaporware. partly from people that just don't understand the value proposition of bitcoin and partly from people that are way too impatient and want to forerun a transformation of society that may not even come but most certainly will not use any of the existing "tech" and coins or tokens.
tech is very easily replicated. it does not provide sound fundamentals for any investment. it's the biggest smoke in the eyes bullshit of this age.
fiat pricing on the other hand is a very important thing. it is a distributed consensus reached via market price discovery. understanding consensus and it's implications for the next decade is the best thing you can do for yourself. don't get bogged down by the usual hype words! and always ask the question "does this piece of technology really truly requires an embedded asset with it's own price discovery or it's just the dev team trying to print free money and dump on the tards?"
