I was going to leave this post without saying anything but this reply caught my attention.
1. The price is through the roof
I have no idea how this makes it a reason to sell except if you can look at the facts from a long distance and don't take the time to research a bit into it.
Back in 2015 the price of 1000 was incredible and unbelievable. This is because the price at that point was about $250. That's a profit x4 ! And it happened just like that before we could even believe it.
And when the price hit that point, there was people just like you (exactly like you) who were telling us to sell as that's the highest it can ever become. A lot of people sold and were totally happy with the profits they made.
Oh let's just imagine how much MORE they could've made by NOT believing what the "people" said and held onto now. I'm not gonna calculate it you can do the math but we can say it's well more than 60 times !! Do you imagine ?
That's exactly why I'm not gonna sell any time soon. Keep saying whatever you want.
2. There are already 1380 other crypto currencies
BTC ain't one of them.
3. Bitcoin can be hacked
Prove it. Please hack the address on my profile and transfer them to your account.
4. The fees are way too much to transfer funds
On point but will get solved eventually
5. 1000 people control the addresses of 50% of the bitcoin
Jeff Bezon got 97 billion dollars. Bill Gates has 90 billion dollars. And the list goes on. Got anything to say ? Plus those numbers aren't even accurate.
6. Bitcoin might crash on December 18th when futures start
7. It appears to be near the bubble
8. The volatility is insane and unpredictable
9. Bitcoin was only worth $0.003 each in 2010 and could drop back to that level
10. The only way to collect profits is to cash out before it crashes
Just LOL. I guess my first part of the quote cleared all this uselessness.
This is to Jamal not the original poster.
1. I have no idea what you are saying or talking about. Your argument is ridiculous and literally makes no sense.
2. BTC is one of them.
3. It happens all the time, the person who posted this is most likely not a hacker. There are hackers that have hacked wallets and will continue to do so. Just because you haven't been hacked before doesn't make this any less true. I have never been in a car accident while driving, doesn't mean I can't be.
5. What does the personal net worth of Jeff Bezos and Bill Gates have to do with cryptocurrencies? lmao that's the most ridiculous thing I think I have ever heard, ever. You sir have no idea what you're talking about on anything.
6, 7, 8, 9, 10... what? lol
The current resources for 1 BTC mining is more than 1k$ at least. Also a lot of large organization invested in BTC
