[Baron] ".....The main reason that BTC isn't going away anytime soon is the exact same reason why you see so many other crypto coins never achieving anywhere near the same level of success as Bitcoin. You see, Bitcoin has always had the one thing that these other coins don't have. And what's that? A unique purpose. [Drugs]... (edit... also, rich Chinese getting money out of China around the government's capital controls?) All of these other coins are totally useless because they have no purpose whatsoever. You can't just create a currency out of nowhere and expect it to grow in value over the long term if there's no actual use for it...." Ditto. Since this thread began 8 days ago, there have been 60 new cryptos listed on exchanges.
I hope no one is surprised when bit coin drops 25% in a single day after the bubblicious run it has had....... Biggest bubble in history keeps getting even more bubblicious...
Indeed, no one will be surprised! We love that, it's the way we know Bitcoin. I'm waiting for it eagerly (have some money on the side-lines).
That would be really great, as I know for sure that we will be much higher than the current $7000 in the year 2020. By the way: In 2013 I predicted this current $7000 here on ET. At that time Bitcoin was trading $120. The year 2020 is a special Bitcoin year (halving) which will give Bitcoin a mathematical push up. And ATH's are there to be broken....
You should be a multi millionaire if you were so confident, leverage a bitcoin trade with 1:200 on any uk spread betting account and make $1 million every $100 it moves.
I strongly advice against leverage! Bitcoin is already volatile enough. And, I'm a Hodler since 2013. Bought in 2013/2014/2015, just as many friends who took the time to listen to me in 2015 when Bitcoin was trading at $200. Most of them will hodl until at least 2020.