Quote:
Originally Posted by Roof-Daddy
If I'm not mistaken Bitcoin has been around 15 years as of today exactly.
It's lowest price ever was $0.05 a year and a half later.
It's highest price was $85,656.04 and it's current price is $62,745.38
Been around for quite a long time and seen some massive price appreciation for something that is supposedly useless.
The crypto cycle lasts about 4 years, and it's about to go into another bull market if you believe the cycle will repeat once again.
Anyone putting money into crypto right now might see 100's or even 1,000's of X's on their initial investment over the next year to a year and a half. Or not. Time will tell I guess.
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But why? Yes, the ETF thing is a thing. But it doesn't give Bitcoin value, it just makes it easier to get into. If you buy Bitcoin, you must understand it's value is nearly 100% predicated on what others think it is worth. You are at the mercy of other speculators and gamblers. So if you think enough people are willing to run the price up, it may be a way to gamble with an edge. But then you also need to sell. And if you think the value will only ever increase, it doesn't make sense to ever sell, right?