Slownenberg said:
Like I said, I feel awful for the person giving the bad advice (you, here) and the people who will listen to it. Bitcoin is not in its mania phase haha, far faaaaaar from it. It is still in its smart money phase (i.e. most people haven't even heard of it yet, let alone have any money in it, and most people who have heard of it only hear about it when its making news for going up so much and so everytime those people hear about it they claim its in a bubble, no matter how many times it goes up, the "bubble" pops temporarily, and then it keeps heading higher. Institutional investors haven't even started getting into it yet, let alone the public heavily adopting it. It is still incredible niche, hardly anyone has bitcoin yet on the global scale. Its going up so quickly because it is at the very bottom of the exponential curve. Wait a couple years, until any investment firm worth anything allows people to buy bitcoin through them and people start to view having bitcoin as a normal part of their investment portfolio. Price will be at the very least several tens of thousands if not over a hundred thousand dollars a coin by then, and still heading skyward. |
Yeah, just like i said, I'm indefinitely entertained by the likes of you.