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Bitcoin Heading to $20,000, More Damage to Come Says What's His Name!
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<p>[QUOTE="Jedinited, post: 8203474, member: 80224"]I have followed Bitcoin for a long time. It is, no doubt, an extremely high risk, volatile investment and not for everyone. Many people have and will get burned. Some have gotten rich...if they liquidated enough.</p><p><br /></p><p>Initially, I was very skeptical, as it is, quite literally, based upon nothing other than the willingness of people to own it. No 'full faith and credit" with a country's backing. I still question whether it will survive for the long haul, but given the irresponsible monetary policies of the US and others, who knows?</p><p><br /></p><p>Early on, it was not that easy to own. I missed one opportunity as a result before it made more national news. I bought a Bitcoin ETF shortly after it was established, when the value was around $4,000 per coin. I sold enough at a nice profit that what I have left invested is house money. My attitude is I will hold onto the rest of it, taking a chance that it will go sky-high as some predict. Haven't yet decided what the magic number might be to sell. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> At the same time, I would not be a buyer at today's levels, but to each his own.[/QUOTE]</p><p><br /></p>
[QUOTE="Jedinited, post: 8203474, member: 80224"]I have followed Bitcoin for a long time. It is, no doubt, an extremely high risk, volatile investment and not for everyone. Many people have and will get burned. Some have gotten rich...if they liquidated enough. Initially, I was very skeptical, as it is, quite literally, based upon nothing other than the willingness of people to own it. No 'full faith and credit" with a country's backing. I still question whether it will survive for the long haul, but given the irresponsible monetary policies of the US and others, who knows? Early on, it was not that easy to own. I missed one opportunity as a result before it made more national news. I bought a Bitcoin ETF shortly after it was established, when the value was around $4,000 per coin. I sold enough at a nice profit that what I have left invested is house money. My attitude is I will hold onto the rest of it, taking a chance that it will go sky-high as some predict. Haven't yet decided what the magic number might be to sell. ;) At the same time, I would not be a buyer at today's levels, but to each his own.[/QUOTE]
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