Quote:
Originally Posted by Fat Elvis
Therein lies the difference between the folks lewdog referenced and who the guy in your video references: Folks who've HODL in the video have had Bitcoin for years--those are the folks who've made money on Bitcoin. The Johnny-Come-Lately's, well, as lewdog put it....woof.
Could it happen again? Sure. But I wouldn't hold my breath for $400K bitcoin like some predict.
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Sure but 5-8x in 1 year from current prices isn't an absurd prediction. Later in that Congressional hearing the SEC chairperson predicted a 20 trillion dollar crypto market cap by 2020 if patterns hold true. If it comes up slightly short of that I won't be crying. But yes, you shouldn't daytrade a highly speculative asset in the hopes of striking it rich.
Honestly, I started this thread because I saw this thing gaining traction and and it hasn't slowed down. I think we are right smack in the middle of a transformative movement and the new Vanderbilt's and Rockefeller's are being crowned all while average Joe has a shot at a slice of the pie but is too short-sighted to buy & hodl while this thing plays out it's price discovery phase..