Quote:
Originally Posted by Hammer
I have been reading a lot lately, and honestly can't say I have an opinion. So called experts are so incredibly divided. Who do you believe Elon Musk or Warren Buffet?
I am around 50% it will be up in 5 years. I am not tempted now. I may go in lightly when everyone stops talking about it. You have to figure it will see $20k at some point, maybe buy in then.
|
I've got some FOMO. As bitcoin becomes more mainstream, it may never go back down to that level.
Quote:
|
I also think it is fairly likely that bitcoin falls out of favour to another crypto, at some point. I have always liked to invest is business which are dominant in the market. Companies which have a strangle hold for one reason or another. I don't see that bitcoin has that. Fickle investors won't have brand loyalty. Tech moves on quickly. But it has held strong this long, so who knows. All guess work.
|
From what I've read, Bitcoin does have the first adopter/mover advantage. ETH may get there but bets are its Bitcoin and Ethereum, the others are also rans right now.
China is creating its own digital currency so I can see that could be a player. I wouldn't be surprised if some of the bigger US companies create their own. But for now, it's those 2 from what I know.
But yeah, I'm optimistic in long term future just not sure if the market is stable enough right now for an investor (vs trader).