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re: Looking for Bitcoin info

Posted on 1/8/21 at 3:12 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81093 posts
Posted on 1/8/21 at 3:12 pm to
quote:

My suggestion would be to wait for this cycle to complete and start dollar cost averaging in when everyone loses interest again 1-2 years from now.
The problem here is you run the risk of this running to $200k before "crashing" all the way back down to $50k. Big difference now vs previous halvening cycles is now you have companies and major funds holding it as a reserve asset. Those coins aren't going to be traded like weak hand individual investors. Perhaps that puts an artificial floor where it doesn't crash or pulls back 50% vs the previous 75-80% pullbacks.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/8/21 at 3:34 pm to
Bingo
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