Dec 11th 2017, 0:27:46
every time people think the end is coming, the price gets stronger and stronger.
why? simple. there are more buyers than sellers. period. (FOMO) And it will continue heading this way because many people have lost their faith in the financial system. I agree bitcoin is in a bubble right now, the bubble will burst sometime or another, but cryptocurrency is here to stay for good. banks have lost trillions because people have invested their money in this rather than letting it sit in a bank getting no returns all the while banks use your savings as leverage to make billion dollar investments.
i agree the volatility is insane. 20%~50% downswing in a 24 hr period back and forth.
but the end result is the price has increased more than ten-fold in 2017.
nobody thought bitcoin would go passed $5,000 when it was valued at $1,000 at the start of the year, let alone $10,000. the price is now $15,000. nobody has ever seen returns like this since the .com bubble. I agree its epically crazy right now, thats why u should get in on this while it lasts rather than thinking ur on top of this crap and smarter claiming the bubble is going to burst anyday, all the while people investing in crypto to this day are making good returns.
just like the idiots who voted for trump who has shown his entire career so many times over that he doesnt give 2sh!ts about screwing you over royally if it will make him more rich/powerful, peoples doubt and skepticism is what keeps making bitcoin stronger and stronger.
-tokyo2cents on a monday morning drinking coffee at work bored as hell. :p
why? simple. there are more buyers than sellers. period. (FOMO) And it will continue heading this way because many people have lost their faith in the financial system. I agree bitcoin is in a bubble right now, the bubble will burst sometime or another, but cryptocurrency is here to stay for good. banks have lost trillions because people have invested their money in this rather than letting it sit in a bank getting no returns all the while banks use your savings as leverage to make billion dollar investments.
i agree the volatility is insane. 20%~50% downswing in a 24 hr period back and forth.
but the end result is the price has increased more than ten-fold in 2017.
nobody thought bitcoin would go passed $5,000 when it was valued at $1,000 at the start of the year, let alone $10,000. the price is now $15,000. nobody has ever seen returns like this since the .com bubble. I agree its epically crazy right now, thats why u should get in on this while it lasts rather than thinking ur on top of this crap and smarter claiming the bubble is going to burst anyday, all the while people investing in crypto to this day are making good returns.
just like the idiots who voted for trump who has shown his entire career so many times over that he doesnt give 2sh!ts about screwing you over royally if it will make him more rich/powerful, peoples doubt and skepticism is what keeps making bitcoin stronger and stronger.
-tokyo2cents on a monday morning drinking coffee at work bored as hell. :p