How are people feeling?
This post has aged quite well.End of day, can you make money on Bitcoin? Yes, definitely. And can you buy today and still make money? Yes. But eventually that bubble is going to pop and it's the people buying in now that are going to get crushed. All of the early investors have been playing with house money for months.
It's impossible to know when and thus I have no confidence but my guess is late January / early February. I do have confidence that it's going to burst and I don't think we're that far away.
Yep, I'm all the way down to only up 20% on my initial investment now. Not sure how to proceed from here
Strong tweet.
Yep, I'm all the way down to only up 20% on my initial investment now. Not sure how to proceed from here
This post has aged quite well.
Not sure if this truly is the popping of the bubble but it's not looking good.
And that TCP/IP protocol stuff never took off.
And that internet never took off.
But really the argument should be Friendster failed and MySpace failed, but Facebook succeeded. Askjeeves failed and dogpile failed, but google (and yahoo to a degree) succeeded.
A lot of the blockchain networks we see today will fail. But some will also succeed. If you’re in crypto for the long haul, that’s how you should be evaluating your investments.
The point is not to be good for the US govt and taxes