Quote:
Originally Posted by dino7c
If you want a laugh look at the earlier pages of this thread...If BTC goes to zero tomorrow I still did very well. It's all house money for me now. Take my advice or not...BTC will be over 20k again
Early in the thread it's the same guys patting each other on the back about how BTC was about to crash and everybody was stupid buying it for a few grand....at what point do some of you admit it has more legs than you thought? 20k? 30k?
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OK, it has legs. It has managed to not die yet. But if it is legit as you say, then what are the metrics and indicators that you use to judge the value and whether or not today is a good time to buy versus waiting?
That's the part that seems fishy to me; no one ever has an answer as to why its a good investment or at what price it becomes bad. Supporters just point to its ever increasing value which just reeks of a speculative bubble and thats why everyone here is skeptical.
As jay points out, without any sort of logic or reasoning, its not different than gambling at the casino. And right now your position is that because you have won a few hands, everyone should be doing the same thing as you, no?