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Topic: Just Bought $5000 Wort of BTC How Am I looking? - page 2. (Read 506 times)

newbie
Activity: 83
Merit: 0
I know this sounds like --to the moon crap talk---- but Ive got that feeling that bitcoin will reach 20000 sooner then you think. This is not because of the fundamentals of bitcoin, there are other coins (litecoin ect..) that are as good and better ,faster cheaper ect. Its because everyone knows bitcoin , even my mother although she dosnt understand it. People want in to the crypto world and they gotta buy BTC to get there. On top of all this I think the BTC and crypto community are all confident that BTC is just going to keep going because no matter how muny bumps it has had it survives and flourishes. That is the most important part,  people have confidence in it. Thats why I think and hope your gonna be ok.
disclaimer: 15% of my crypto cash is in BTC
peace
member
Activity: 197
Merit: 10
wow could have gotten a whole bitcoin with 5k a few weeks ago. Those days might be gone forever though  Cry

That said you are way ahead of the game and trust you will be glad you bought in a week. This is not stopping. Just don't panic during the inevitable corrections and you will sleep easy at night.
newbie
Activity: 25
Merit: 0
Yes.  People have to understand why bitcoin is going up so fast.  It isn't because of speculation.  It isn't because people want to make more US$.

It's because the decentralized economy is replacing the centralized one.  The decentralized economy will keep growing until it completely absorbs the old world centralized economy, which is in the 100s of trillions.  In 10 years time, people will laugh at fiat currency, just like we laugh at newspapers and encyclopedias.

So your $5000 is in the best place for the future, because you got rid of a depreciating asset (US$) which will soon become obsolete, for the thing that will have the most value in the future economy.
newbie
Activity: 16
Merit: 0
Just placed a buy for 5k @13,000$ Was that a good decision?
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