I'm starting to understand what maxis say. Maybe I shouldn't have sunk my money into shitcoins. I think I've been too greedy.
How to resist fomo?
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now admit it, traps are superior to biological womens
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No, maxis are still wrong.
Well, when you think about it, this is the world's immutable ledger, we do not need another one. Yeah, maybe we'll need smart contracts so ETH is needed too, but it does not have the economic incentives that btc has.
Use your head. BTC doesn't do anything. It's a shit currency because it's too volatile. It's a shit store of wealth because it's too volatile and has no intrinsic value. It's a shit investment because it doesn't produce anything.
BTC is growing due to hype, especially from zoomers who were in elementary school back during BTC first bull run from like $200 to $1000.
There's an old saying "when your taxi driver is talking about the stock market it's time to sell". That applies to BTC.
It's a pump and dump. I think BTC will keep going up to about two days before or the day of the halving and then it's going to be a big sell off. I don't want to get left holding the bag.
I think the vast majority of new entries into BTC market are FOMO related. "Well, I want to have it just incase it does go up to $1million". Maybe 1% of people who buy in right now have the discipline to hold on that high. Once people see they're in the green they don't want to chance it anymore. For some people thats $500. For some it's $5,000 or $50,000. But at some point you will see a huge dump because the kinds of people who are getting into bitcoin are doing it for easy money, they are not value investors and they've probably never bought an asset class outside of BTC in their lives.
Congrats user, it took you what? 1year? Too bad you mossed the bottom though. Anyway, it's not too late to make the switch, good luck
Retard, you could've 10xed your money with big stocks like wayfair, instead you are fomoing over less than 3x in a dead 2017 casino.
Yeah dude only problem is the old saying "when every faggot on biz is saying bitcoin will do one thing it does the opposite" and right now every faggot on biz is saying bitcoin will dump post halvening so it will probably keep going up.
Bitcoin is still broken and will likely never be fixed. From an objective point of view, it's looking like Ethereum will take over at some point as the useable immutable ledger