The 20-30% corrections along the way will be sure to come, especially if we go into a recession.
Bitcoin is a 'virtual' commodity, and commodities have their ups and downs, so investors should keep that in mind. So I agree with your warning - don't go whole hog.
The 20-30% corrections along the way will be sure to come, especially if we go into a recession.
Bitcoin is a 'virtual' commodity, and commodities have their ups and downs, so investors should keep that in mind. So I agree with your warning - don't go whole hog.
Lau, I think you have a lot more followers than I - so you might want to get the word out that anyone can invest in Bitcoin, if they choose to. (Not that this is a particularly good time, after such a big and quick rise). What IтАЩm getting at is that most people that donтАЩt have any BTC and just arenтАЩt familiar with it may think $100,000 per coin is impossible for them. They may not know that BTC can be divided into tiny increments, to 8 decimals. 0.00000001X $100,000 = 10 cents! (if I did it right). Of course, any brokerage, like Coinbase, will have their own minimums for a transaction, but stillтАж$10 should get anyone in the game if theyтАЩre interested. ItтАЩs actually a great equalizer.
I read an interesting article about Bitcoin a few years ago. The author's thesis was that Bitcoin is inversely correlated to interest rates. So when rates lower, BTC rises.
The 20-30% corrections along the way will be sure to come, especially if we go into a recession.
Bitcoin is a 'virtual' commodity, and commodities have their ups and downs, so investors should keep that in mind. So I agree with your warning - don't go whole hog.
"Don't go whole hog" - I like that. 100% agreed, esp., like you said, if we go into a recession. Thanks for weighing in, Al.
Lau, I think you have a lot more followers than I - so you might want to get the word out that anyone can invest in Bitcoin, if they choose to. (Not that this is a particularly good time, after such a big and quick rise). What IтАЩm getting at is that most people that donтАЩt have any BTC and just arenтАЩt familiar with it may think $100,000 per coin is impossible for them. They may not know that BTC can be divided into tiny increments, to 8 decimals. 0.00000001X $100,000 = 10 cents! (if I did it right). Of course, any brokerage, like Coinbase, will have their own minimums for a transaction, but stillтАж$10 should get anyone in the game if theyтАЩre interested. ItтАЩs actually a great equalizer.
I read an interesting article about Bitcoin a few years ago. The author's thesis was that Bitcoin is inversely correlated to interest rates. So when rates lower, BTC rises.