https://www.forbes.com/sites/cbovair.../#6d8dc42a5a8e
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$4689
IMO Bitcoin can't be a real currency until its consistently depreciating in value like a real currency
Stuck in the $4600's since hitting $5K.
$4511
So much for hitting $5000
Why does everyone seem to think that a currency has to be constantly depreciating to be used as a currency?
1. Hold on to only as much Fiat as you need to in order to satisfy your needs for emergency funds or planned long term diversification strategy. This can be literally anywhere from 0% to 100% of your networth depending on your plan.
2. Anything that does not fall under #1 or other diversified investments, buy cryptocurrencies (convert at the time when you are paid in dollars, or just get paid in crypto). It is in your best interest to do this conversion immediately upon receipt of extra dollars (not in #1), because by the time you wish to spend on something, your crypto is more likely to have gone up in purchasing power, and your dollars are more likely to have gone down in purchasing power.
3. When you wish to spend on something, you will not spend dollars because all of your dollars are allocated towards purpose of #1 which you have already set aside. Therefore you will spend your crypto. On top of that, if the value of the crypto went way up then spending it on goods and services helps to rebalance your asset allocation. On the flip side, spend dollars if the crypto value has gone down until you are rebalanced.
i just discovered this forum.. gosh didn't know there was one.. :) :)
good!
5 of my friends bought Bitcoin recently for the first time. And Monero because I advised them to buy some too since it has interesting cryptographic properties.
$3906
$3871
$3847
$3334
$3321 now.
$2900 anyone?
$1900?
Where's the trough?
$3263
$3242
$3231
$3321
Skyrocketing upward!
$3400
The sky's the limit!
Some news speculates that some chinese exchanges may open back up at the end of the year. Wonder if that put a stop to the downward trend?
$3746
#bouncing back
Nom, Nom, Nom..... cheap coins....
$3842
$3928
BTC is climbing faster than a Joe Scarborough hit single.
https://img.huffingtonpost.com/asset..._720_noupscale
$4011
$4026
if i put my life savings into bit coin i'd be able to retire at 40 :(