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<p>[QUOTE="WingedLiberty, post: 2920628, member: 26030"]Fun Facts:</p><p><br /></p><p>- Most of the bitcoin buying is from other countries (I think Japan, South Africa, and Switzerland are high on the list. The U.S. is 12th on the list. So this is not a U.S. driven market.</p><p>- Some pundits on CNBC have said BitCoin could rise to $40,000 in 2018 (others say it will crash soon) -- take your pick</p><p>- What you have is a lot of people chasing a limited supply.</p><p>-Breathtaking volatility. So far every major sell off has been a buying opportunity.</p><p>- Expect 30% to 50% pullbacks at times before moving higher again (it's a relatively thin small market, so prone to extreme volatility). So if you buy it, fasten your seat belt. some of the recent swings ... $5000 to $2800 to $8000 to $5800 to $11,300. Seems to me there are a lot of people out there waiting for big pull backs to load in more.</p><p><br /></p><p>The best way to invest in this IMHO ... is take a tiny amount of your net worth (maybe 1% -- something that wont kill you if you lose it). Say you have $50,000 in savings, take $500 and buy some bitcoin. And hold it for 5 years and see what happens (ignore all the crazy swings and pullbacks) ... worst case is it goes to $0 and you lose 1% of your net worth. But if it goes up 4x or 10x or 100x or more, you got to participate and made a little money.[/QUOTE]</p><p><br /></p>
[QUOTE="WingedLiberty, post: 2920628, member: 26030"]Fun Facts: - Most of the bitcoin buying is from other countries (I think Japan, South Africa, and Switzerland are high on the list. The U.S. is 12th on the list. So this is not a U.S. driven market. - Some pundits on CNBC have said BitCoin could rise to $40,000 in 2018 (others say it will crash soon) -- take your pick - What you have is a lot of people chasing a limited supply. -Breathtaking volatility. So far every major sell off has been a buying opportunity. - Expect 30% to 50% pullbacks at times before moving higher again (it's a relatively thin small market, so prone to extreme volatility). So if you buy it, fasten your seat belt. some of the recent swings ... $5000 to $2800 to $8000 to $5800 to $11,300. Seems to me there are a lot of people out there waiting for big pull backs to load in more. The best way to invest in this IMHO ... is take a tiny amount of your net worth (maybe 1% -- something that wont kill you if you lose it). Say you have $50,000 in savings, take $500 and buy some bitcoin. And hold it for 5 years and see what happens (ignore all the crazy swings and pullbacks) ... worst case is it goes to $0 and you lose 1% of your net worth. But if it goes up 4x or 10x or 100x or more, you got to participate and made a little money.[/QUOTE]
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Sold of My Entire Bullion Collection In Order To Purchase BitCoins
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