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Originally Posted by Winsor_Pilates
That's insane.
The more I read about Bitcoin, the more it's staring to concern me.
I still wish I'd bought it at 20k and rode this wave, but I honestly can't say I believe in it as real value, the hype value is certainly real right now though.
I guess putting some play money towards crypto could be worthwhile but I'd be afraid of any real investment of a serious % of my wealth. Feels like gambling.
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What is concerning you?
Honestly, I think it’s still early to get into Bitcoin. Institutions are just starting to get in, and the Central Bank of France recently announced they will start to buy and hold Bitcoin. This will create some motivation and FOMO for other governments to start accepting Bitcoin. Similar to how MicroStrategy was the first domino to fall.
I’m more bullish of bitcoin now than I was years ago when it was a fraction of what it is today. Yeah sure you won’t get these 50,000% gains. But there’s still a lot that can happen if you have a long enough time line.
I agree with you, get some skin in the game, and start to go down the Bitcoin rabbit hole. Start with the book “The age of cryptocurrency”. This got me excited and really opened my mind. If you’re into Podcasts I personally like “The what Bitcoin did podcast” and “Bitcoin Rapid-Fire”
If you think cryptocurrencies is going to follow a similar trajectory as the internet, we look like we’re in about year 1994 compared to the internet.