Re:A Bitcoin price crash is coming, analysts say. Nobody panic
by bdcravens on Monday November 30, 2020 @08:40PM
(#25261294)
Of course there is. There always is after an ATH; it always crashes 70%+. In doing so, it'll reach new highs, and even the crashed amount will be likely higher than the previous high. The concern isn't that; it's those who get roped in close to the ATH out of FOMO and then lose substantially.
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Re:A Bitcoin price crash is coming, analysts say. Nobody panic
by oleganza on Tuesday December 01, 2020 @04:19PM
(#25270029)
According to your own words, even those who timed their FOMO badly won't be worse off forever - it's more like buying a computer for yourself right before the next one came out - just wait a couple of years.
If you are into bitcoin for short-term gains, then it's a casino either way - same as forex, but with more volatility. But trading it all back to USD with profit is not what bitcoin is for.