Topic: Bitcoin Speculation thread - page 2. (Read 605 times)
I see bitcoin being 10k+ in a years time if you meant price wise. If you meant market wise I see it being accepted as an international store of value with loads of institutional investors coming on board. I think this understanding of "backing" must change in the coming years because bitcoin will have zero backing and not much utility but this does not mean it isnt a good investment or store of value. As per your investment statement that is completely up to the trader because some may hold 10% BTC, others 50-60%, and others yet may hold 100%. That much is up to your style of trading that will determine how much you can handle.
Where do you see bitcoin in 1 year?
Bitcoin has always been a hard investment for me to hold long term, because I still don't think the utility of the coin is worth the $100b+ market cap. As crypto currency gets more popular, I think we will see governments and big companies creating there own coin which will have some more utility. If a government creates its own coin, that will be the coin that is successful since it has some sort of backing. No one likes it when someone says bitcoin will fail, which is NOT what I am saying.
What are your thoughts on bitcoin as a long term investment? Do you think it is reasonable to allocate 60% of your crypto investment portfolio too it? I personally see merit in investing 15-25% of my portfolio into bitcoin.
Bitcoin has always been a hard investment for me to hold long term, because I still don't think the utility of the coin is worth the $100b+ market cap. As crypto currency gets more popular, I think we will see governments and big companies creating there own coin which will have some more utility. If a government creates its own coin, that will be the coin that is successful since it has some sort of backing. No one likes it when someone says bitcoin will fail, which is NOT what I am saying.
What are your thoughts on bitcoin as a long term investment? Do you think it is reasonable to allocate 60% of your crypto investment portfolio too it? I personally see merit in investing 15-25% of my portfolio into bitcoin.
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