The future of Crypto

Psour posted:
I miss entry for BTC. Is entering now a good idea or not? Price is at $11k but looks like it could burst upwards again. I hear people talking about $100k as next big price target. I would love to get traders thoughts

Psour posted:
I miss entry for BTC. Is entering now a good idea or not? Price is at $11k but looks like it could burst upwards again. I hear people talking about $100k as next big price target. I would love to get traders thoughts

togr posted:

Psour posted:
I miss entry for BTC. Is entering now a good idea or not? Price is at $11k but looks like it could burst upwards again. I hear people talking about $100k as next big price target. I would love to get traders thoughts

It depends on your expectations, if you are long term trader it might be good to buy now and wait till high gain

togr posted:
So we have touched $13,000
Is the next target20,000? What do you think?

Bansheedo posted:
I think Crypto will only survive if the price becomes stable and stops begin so volatile. No one uses Bitcoin to actually by anything or use for their savings account because the price is too volatile and banks do hold checking accounts in it. Unless the volatility problem is solved either by fixing the price or pegging it against a basket of currencies then crypto will remain a niche product

togr posted:

Bansheedo posted:
I think Crypto will only survive if the price becomes stable and stops begin so volatile. No one uses Bitcoin to actually by anything or use for their savings account because the price is too volatile and banks do hold checking accounts in it. Unless the volatility problem is solved either by fixing the price or pegging it against a basket of currencies then crypto will remain a niche product

Crypto will remain volatile. It is due its own nature. But after each drop there is period of crazy growth.
On the other hand it is asset like gold, its amount is limited and thus opposite the fiat money its value will grow.
Fiat money are printed out of thin air decreasing its value on purpose.
Why? Because goverments are heavily indebted and that way they decrease the value of such debts.

AmDiab posted:

togr posted:

Bansheedo posted:
I think Crypto will only survive if the price becomes stable and stops begin so volatile. No one uses Bitcoin to actually by anything or use for their savings account because the price is too volatile and banks do hold checking accounts in it. Unless the volatility problem is solved either by fixing the price or pegging it against a basket of currencies then crypto will remain a niche product

Crypto will remain volatile. It is due its own nature. But after each drop there is period of crazy growth.
On the other hand it is asset like gold, its amount is limited and thus opposite the fiat money its value will grow.
Fiat money are printed out of thin air decreasing its value on purpose.
Why? Because goverments are heavily indebted and that way they decrease the value of such debts.

You are absolutely right! The maximum number of BTC is around 21 Million (17 Million in reality)! So, the supply is limited.

Mulberry posted:
What if people move to another faster Crypto with less price volatility that can actually be used as a currency. This will reduce Bitcoin to a pointless antiquated joke that no one wants to hold. Price will fall to nothing

Mulberry posted:
What if people move to another faster Crypto with less price volatility that can actually be used as a currency. This will reduce Bitcoin to a pointless antiquated joke that no one wants to hold. Price will fall to nothing

togr posted:

Mulberry posted:
What if people move to another faster Crypto with less price volatility that can actually be used as a currency. This will reduce Bitcoin to a pointless antiquated joke that no one wants to hold. Price will fall to nothing

That is highly unlikely, there are already coins with fast transfers with minimal costs, like BNB.
Yet it is true its value is rising but it is correlated to BTC price.
I always prefer to diversify the risk so yes it is good idea to hodl the portfolio of coins like BTC, ETH, XRP ,BNB.

togr posted:
So BTC vs USD is going nowhere far from $10,000
What is your short/long term prediction
Mine short - hanging around 10,000, long - jump to like $40,000