Very strange we didn't see a spike after the last halvening like we did in 2013. I think the trajectory is off by an order of magnitude (if it hits 100K in 2021 I'll poop my pampers) but yeah this train has no brakes.
I'm not sure what you mean. The article actually agrees with me re: the last halvening misfire. Then going on about future value: I can see this happening, I just think that sustaining 100K will take a year or two longer than that map projects.
the halvening creates a delayed response because ignorant people are unaware of the algorithmic supply shock (perhaps there will be front-running of future halvenings as people become more knowledgeable), but the price eventually reverts back to the stock-to-flow model trying to predict a near term price around a disruptive event like a halvening is a fool's game
for recurring buys where you can set it and forget it, Coinbase is good CashApp for one time purchases
I can second this. Although one time purchases tend to be fewer and fewer for me now. Chasing BTC trends can get exhausting. I'm curious about two things in particular. 1) What are the moderate/practical security steps you should employ for your crypto? 2) How much of your liquid assets (savings) should you keep in crypto?
This graph makes no sense. There's not even enough money in this world to cover the marketcap of bitcoin if it goes to $1million or $10 million (lol). You'd have people like the Winklevoss twins that own 1% of all bitcoin being trillionaires (and whatever comes after trillion). That's impossible. Not to mention thousands of people becoming millionaires overnight as they have bitcoin.
the second people start liquidating this "value" that they have you start to see the real picture. Bitcoin is largely an illusion.
Ruh roh. ________ The IRS is warning thousands of cryptocurrency holders to pay their taxes https://www.cnbc.com/amp/2019/07/26...ryptocurrency-holders-to-pay-their-taxes.html
This is where bitcoin seems to really have the most utility, as a store of value. Every other asset class kinda sucks in that regard.
1) how much are you investing, this'll determine how serious you need to be. ie offline Google authentication and crypto key etc, if it's not a good amount it's probably not worth it, unless it takes off. This also depends on how much you plan on trading (daytrader or sit and forget)? Like if you're a day trader and you're moving volume fast and a lot of it you'll want to take it off the exchange etc when you're not trading, but if you're a small fish moving $500 or so I wouldn't bother and just screw around on an exchange. If it hits that's when you remove it. 2) the best answer is only invest what you can afford to lose. There's a lot of legit stuff out there, but this is still the wildwest in terms of investing, there's no regulations and whales can easily flash crash the market to manipulate things. For example there's stuff like this happening a few days ago, "Earlier today, this unknown Bitcoin holder shifted 49,755.64 BTC ($468.5 million) in a single transaction" I didn't verify this one, but I've seen some crazy flash crashes where people will sometimes get lucky and buy into a coin for super cheap. I sometimes set orders super low, and let them sit but it's so rare. Anyway what I'm trying to say is this whole thing could go crazy high or fall in an instant and right now the whales are testing the market. You'll hopefully get lucky and find a good entry. Best flash crash I've seen though were orders filled for Etherium at like $30 mark when it was around $120
