I’m buying a little just to try to force myself to understand it. I’m a Real estate guy first and foremost, and crypto is so bizarre to wrap my head around . I can see it being very attractive to countries with sketchy currencies tho. No clue what will make a bottom or top.
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Originally posted by RiverRat1 View PostWho's starting to buy Bitcoin under $19k?
Will be very hard to time the bottom but IMO if one starts to average in now you should do very well over the next 5 years. Buy when others are fearful. My guess is $13-15k will be bottom but that will be hard to time.
* Always the risk of all crypto tanking.. But that same risk has always been there. In other words don't invest what you can't afford to lose.
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Originally posted by RiverRat1 View PostWho's starting to buy Bitcoin under $19k?
Will be very hard to time the bottom but IMO if one starts to average in now you should do very well over the next 5 years. Buy when others are fearful. My guess is $13-15k will be bottom but that will be hard to time.
* Always the risk of all crypto tanking.. But that same risk has always been there. In other words don't invest what you can't afford to lose.
If it goes to $10K I'll do the same.
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Originally posted by Big Lee View PostHard to purchase something, that goes away when the lights go out.
This is a serious question.
Stocks = zero - This includes gold/silver stocks
Cash = pretty much zero
Physical silver and gold? No one should buy more than 2-5% of their entire net worth in precious metals... Not unless you're the one flipping the switch for lights out LOL
Obviously investments require the lights to stay on.
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Originally posted by Big Lee View PostHard to purchase something, that goes away when the lights go out.
Don’t get me wrong, the risk is quite different but just about everything is held digitally now. I haven’t seen a paper stock certificate since a professor showed us what they look like in college 15 years ago.
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Originally posted by RiverRat1 View PostSo what do you own that will be worth something "when the lights go out"?
This is a serious question.
Stocks = zero - This includes gold/silver stocks
Cash = pretty much zero
Physical silver and gold? No one should buy more than 2-5% of their entire net worth in precious metals... Not unless you're the one flipping the switch for lights out LOL
Obviously investments require the lights to stay on.
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