Quote:
Originally Posted by FD
Serious advice here, anyone with bitcoins should sell them as soon as they can. Sure, it may go higher, but this bubble will inevitably pop, take what you can and don't try to time the top of the market.
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So what is this bubble that will burst? If the market cap is 21 million bitcoins or something like that and there are 12 million now-when it hits the cap it will be worth more than all the gold in the world-would it not?
I have seen several reports that people are just hoarding the coins. There are still wild swings but Bitcoins just passed the value of Gold before declining.
People are holding them thinking they will go up another 100 times in value within a year. Some economist with Bank of America state the value should be $1300 right now.
So how many Bitcoins do you guys own now and are you investing for the long term??