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Crypto-Currencies and Bitcoin

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Yeah, daily 5% and monthly 30% swings sometimes. Its a micro market at 100 billion.
It will be interesting to see if it rebounds or spirals downward at this point.
 
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I'm guessing that will increase the demand? (asking for a friend)
 
I'm guessing that will increase the demand? (asking for a friend)

I would assume so. With FED printing money at record rates, this will only increase the value of cryptocurrency (bitcoin specifically).

I haven't figured out what the end game is though. Will the price skyrocket (in terms of fiat), but then fiat is relatively worthless for purchasing power? So....you wouldn't want to cash out? Or does the price eventually go to zero and bitcoin is used as the new world currency? Or, will it even be used as the new currency, seeing as bitcoin is the antithesis of fiat control (decentralized, backed by math/tech/code, fixed supply, etc).
 
Im kicking myself for not dollar cost averaging through 2020. I used the moving excuse as a crutch and now I'm regretting it.
 
I think I invested 200 bucks and am up over a grand now. Wild. Just going to hang onto it.
 
Is there a stock or ETF which can be purchased that invests in this crypto currencies ?
 
Is there a stock or ETF which can be purchased that invests in this crypto currencies ?

The easiest way to buy bitcoin or etherium is on the robin hood app. There are totally etfs tho
 
How high is this going to go?

Ive got an extra $10-12K I’ll be able to sink into the market next month.

Considering just dumping it in since it doesn’t appear poised to shrink at any point soon.
 
i think the coup attempt and transition questions pushed this higher.
 
i think the coup attempt and transition questions pushed this higher.
youre-right-it-was-aunt-tifa-antifa-pun-old-lady-breaking-into-capitol-hill-2021-riots

Total insurrection lol. At least dems learned walls work. Back to Bitcoin.

Stock to flow ratio is still at 100k. Its been accurate so far.
I want a current retrace down to 45k to consolidate weak hands and re-strengthen the bull run.
Expecting the bull run continues and pushes up to 100k by late summer. That would require
another trillion dollars to enter the market. That's my only concern.

Its insane how much liquidity has entered the space, but when every country is mass printing currency
its not much of a choice. I expect gold and silver to boom next. Bitcoin has always been the fastest horse.
Asset prices across board are inflating for monetary policy reasons. Question is when will it pop.
Probably when the printing stops. Tick tock.
 
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Understanding that no one here is a financial advisor, is it wise for me to buy into bitcoin for the first time?
 

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