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RE: What will you do if bitcoin hits $250,000?

in LeoFinance3 years ago

It's always good to keep some on the side. For me now it's a little less than 10% but that's ok, I'm happy to make a 2x on 10% and flip that back later. I like what my voting power does :-)

Bitcoin on the other hand....I'm still feeling a little doubtful that 4 year cycles are going to continue being a thing. At some point the amount of bitcoin mined per year becomes irrelevant because the demand is too high, and I think we may already be there. It's still possible that things will resemble 2013 and 2017 but I'm open to the possibility that OCT NOV and DEC of 2017 will take all of now til this time next year and have less of a bear. I'm also open to the possibility of massive engineered FUD like we've never seen.

The lengthening cycle is my favorite theory right now.