I think bitcoin will surge after the price correction resulting in some nice short-term gains.
https://steemit.com/bitcoin/@metanoia/bitcoin-s-tough-week-created-an-opportunity
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I think bitcoin will surge after the price correction resulting in some nice short-term gains.
https://steemit.com/bitcoin/@metanoia/bitcoin-s-tough-week-created-an-opportunity
The problem I see with that is that it seems pretty 50/50. Either it plummets further or starts climbing again. Thanks for the feedback.
No offense, but that's extremely simplistic view to hold. All are 50/50 by that logic. Lets look at performance history.
That is only true all things being equal. Not all things are equal. That's like saying everything with two options is 50/50 so you might as well buy a lottery ticket because there are only two outcomes, either you win or lose. But that isn't 50/50. Just because something has two outcomes does not suggest they are equal.
I am suggesting that Bitcoin is at a critical point right now and betting it will go up short term might not be the best play.
See, but you think like a trader. Bitcoin is now reaching true bubble potential as the uninformed public becomes aware of crypto investing. Bitcoin will undoubtedly surge in the coming months on name recognition alone. I remember prior to the recent good surge a few months back I asked a friend that's a financial advisor what he thought about bitcoin and he said to "run away". Since then everybody has been buzzing about it. It's starting to create brand power akin to Google=search engine. At least in my experience. (Worldwide recognition, I couldn't say.) For an upcoming short term, good bet I think. And I concede to the 50/50 statement. My interpretation of your reply was simplistic.
That is a good point, maybe I should pay more attention to the new and uninformed as important factors. Thanks for the feedback.