Gonna wait for the Corona panic to fully set in before I make my next buy. This week should be pretty brutal.
Poor Justin Sun is associated with Bitcoin in the interview snippet below thanks to Becky Quick who couldn't give a flip about Bitcoin, but Warren Buffett would like to reiterate ... :
Poll needs a neither option. Don't see it becoming a currency of the future, but obviously it has proven itself as a store of value/alternative speculative asset. As long as there are billionaires that believe in it I don't see it fading away. My biggest concern with bitcoin is fraudulent issuing of tether artificially inflating price. (Also, the fact that tether exists illustrates how inadequate bitcoin is as a currency).
This could be a good sign for stocks... either that or a good sign for cash... LOL : Cryptocurrencies see $93.5 billion wiped off value in 24 hours as bitcoin plunges 48% https://www.cnbc.com/2020/03/13/bit...y-prices-plunge-after-stocks-record-fall.html
LOL. Yep. I made my Corona firesale buy at 6K and have been buying more all the way down. This is the last big dip before the bull run in early 2021.
What's sick and twisted is you can work your whole life to amass wealth, and the Fed can match that with the click of a button, devaluing the fruits of your labor. Now imagine a bitcoin standard world where that can't happen, where the money supply is unchanging. This is why Bitcoin will win out in the long run.
It dipped to 3,900$ late last night. Was thinking of jumping in but I expect another downturn by Monday.
or very smart I've seen it go both ways on this type stuff. I'm also questioning why I brought up any crypto/stock talk to my wife too though...
When buying bitcoin on RH, do you have to transfer the liquid from the bank and wait 5 days, or is there a greater amount if instant transfer available? For example, if I wanted to invest 20k...I have to wait 5 days until it clears with RH Bitcoin?
