Quote:
Originally Posted by Azure
After all these years its quite easy to see what trend BTC follows and invest as such.
There is a halving coming up. Smart money says the value will go up after.
Smart money also says that once the OTC supply of BTC stops, ETF funds will have to buy market value BTC and it will also drive up the price.
DCA is also a proven method of investing.
Again, I think you have a good argument with saying BTC has no value to the world. However, given that a bunch of people have decided that you are wrong, there are methods that one can use to decide how to invest properly.
I used to always believe its a hoax and will crash. But after being proven wrong over and and over and over again, I kinda feel like a moron for still believing something that refuses to happen. Head stuck in the sand type scenario.
Doesn't mean I own a bunch of BTC and flex with my crypto bros, but I find the concept interesting. Mostly because it takes power away from a centralized government currency.
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This is really all I've been saying though. It's driven by investor sentiment, not intrinsic value. And I'm not one to "invest" on something that is driven almost entirely by an irrational trend. Some people are OK gambling on that, that's fine. It even looks to work out for some.(Remembering many others lost their shirt).
I get a lot wrong about human nature, and I guess that's why I foolishly thought there was hope for this province, or the US would never elect Trump, or the UK would see the light before Brexit. So maybe I should YOLO the opposite, but I'm not built that way. But the point being I'm wrong about guessing the behaviour of others, because I'm just not that irrational. Seeing Dino posting here, I think it's obvious he is that irrational and it seems to have worked. Bitcoin people are his people. But that doesn't make them wise and us dumb.