Not trying to tell you guys what to do with your money. But most of the posts on here just assume bitcoin will 100% go up over time because of cycles, halving blah blah blah.
Nothing is a guarantee, especially bitcoin.
Bitcoin like any market requires capital for the price to grow.
My assumption is that people have lost interest in bitcoin. It hasn’t performed well over the past couple of years, so why would any whales or institutions invest in such a speculative asset when chips have rallied 1000%.
Whether your thesis is that bitcoin is digital gold, or a hedge against fiat inflation, or has some practical application in the future. That’s all fine.
But like any investment, it’s best to assume you don’t know better than the markets and actually you’re not that smart, and only invest what you can afford to lose.
The world economies are ridiculously fucked up atm, and whilst everyone is distracted by chips and AI, it’s important to consider that bitcoin MAY wither and die.
A thought experiment for you…
Over the next couple of years the AI bubble pops, and the world economies come crashing down and cause a bigger recession than the dotcom boom. Huge amounts of people lose their jobs, houses, including people on this sub.
How low would bitcoin have to go before you sell to support yourself in the event of a recession.
No comments:
Post a Comment