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“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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1. Bitcoin is mostly speculation.
2. It went up so highly only because of people being recruited to buy Bitcoin in large numbers.
3. To go up further it needs to recruit more people willing to put money into it ...more money going into Bitcoin the higher the price hence need to keep talking up the product. Most are attracted by prospects of it rising in price.
4. As with all speculative products once it starts dropping and people lose money the interest in it drops, the price drops and it feeds into a vicious cycle.
5. You can bet some money in this for fun just like 4D. You can make or lose depending on luck and what others do
6. The product now seems to be falling in price despite promoters saying it will reach 100K by end of 2021
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(29-12-2021, 06:01 AM)sgbuffett Wrote: 1. Bitcoin is mostly speculation.
2. It went up so highly only because of people being recruited to buy Bitcoin in large numbers.
3. To go up further it needs to recruit more people willing to put money into it ...more money going into Bitcoin the higher the price hence need to keep talking up the product. Most are attracted by prospects of it rising in price.
4. As with all speculative products once it starts dropping and people lose money the interest in it drops, the price drops and it feeds into a vicious cycle.
5. You can bet some money in this for fun just like 4D. You can make or lose depending on luck and what others do
6. The product now seems to be falling in price despite promoters saying it will reach 100K by end of 2021
HFSP
There really is no cure for abject stupigity
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(29-12-2021, 06:01 AM)sgbuffett Wrote: 1. Bitcoin is mostly speculation.
2. It went up so highly only because of people being recruited to buy Bitcoin in large numbers.
3. To go up further it needs to recruit more people willing to put money into it ...more money going into Bitcoin the higher the price hence need to keep talking up the product. Most are attracted by prospects of it rising in price.
4. As with all speculative products once it starts dropping and people lose money the interest in it drops, the price drops and it feeds into a vicious cycle.
5. You can bet some money in this for fun just like 4D. You can make or lose depending on luck and what others do
6. The product now seems to be falling in price despite promoters saying it will reach 100K by end of 2021
How come death cross 2 times but still not dead?
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Song Boh!
Bit coin below 47k
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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Posts: 18,781
   
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“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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