Go Long or Go to Jail Do Not Pass Go
Sometimes it feels we are dealing in Monopoly money when talking about Bitcoin and all its siblings but there have been many doses of reality dealt out to investors lately, yet it is compulsive viewing and at the time of writing this Bitcoin was down by 23%. That is the type of number in the ordinary world of investors that would have them running for the hills never to return, this market though does not react like the ordinary world and if to just help me prove that in the last hour Bitcoin has risen from $8200-$8480, oh how we all wish for some stability lol stability in this market that really is wishful thinking well for the time being anyway.
Lately I have been taking soundings from people involved in the market and almost to a man their opinion is not to panic and the common sense is that Bitcoin has strong support around $8000 mark and so far that is panning out and the latest rally is back underway, who knows where that will go if anywhere. When I first started writing about Bitcoin I have to admit I was not a great fan, but the more I have researched it and got many opinions, some of which giving dire warnings about getting involved with any type of Cryptocurrency, I have to admit I am now on the side of the investors in this market.
Let's never forget how far this currency has come already and we always have to consider is there a ways to go yet?Or have we reached the end of the yellow brick road as one of the purposes of investing here is to sell our share onto another person for a better price than we bought it for and their purpose will be the same and so on and so on. Simple hard fact is you must at all times before parting with your money is make sure you have done all your research and taken all the relevant financial advice.
My main argument in favour of Bitcoin is the technology behind it when you look at what analysts say they see the potential of the blockchain system as a means for facilitating financial transactions in thee future. The system is fast, secure and streamlined enough to complete the transaction with fewer parties involved. A universal blockchain system would shut out payment processors and other third-party entities. What does this mean for investing in Bitcoin? Well, if the blockchain system is picked up and applied more universally, it is likely Bitcoin will be picked up with it. In any case, more Bitcoin transactions will help build data regarding the blockchain—more transactions equal more value.
Wll continue to read many articles both positive and negative about Cryptocurrency. I remember one in particular not so long ago which forecast the quick demise of Bitcoin and no one should ever invest in it I do hope that the writer is currently sitting in front of a large bowl of humble pie, as the truth of the matter is that Bitcoin and its siblings are not going away and are not going to jail, they will still pass go and collect money. This game of monopoly is not one where the money is not real. A lot of people who have disrespected the Cryptocurrency market are now probably themselves investing in it. The popularity of Cryptocurrency is not waning, in fact it is growing in popularity day by day. The revolution continues and each time Bitcoin has been knocked on the floor it has arisen again, and again and again.
Cheers Gerrry gocryptosales.com
Lately I have been taking soundings from people involved in the market and almost to a man their opinion is not to panic and the common sense is that Bitcoin has strong support around $8000 mark and so far that is panning out and the latest rally is back underway, who knows where that will go if anywhere. When I first started writing about Bitcoin I have to admit I was not a great fan, but the more I have researched it and got many opinions, some of which giving dire warnings about getting involved with any type of Cryptocurrency, I have to admit I am now on the side of the investors in this market.
Let's never forget how far this currency has come already and we always have to consider is there a ways to go yet?Or have we reached the end of the yellow brick road as one of the purposes of investing here is to sell our share onto another person for a better price than we bought it for and their purpose will be the same and so on and so on. Simple hard fact is you must at all times before parting with your money is make sure you have done all your research and taken all the relevant financial advice.
My main argument in favour of Bitcoin is the technology behind it when you look at what analysts say they see the potential of the blockchain system as a means for facilitating financial transactions in thee future. The system is fast, secure and streamlined enough to complete the transaction with fewer parties involved. A universal blockchain system would shut out payment processors and other third-party entities. What does this mean for investing in Bitcoin? Well, if the blockchain system is picked up and applied more universally, it is likely Bitcoin will be picked up with it. In any case, more Bitcoin transactions will help build data regarding the blockchain—more transactions equal more value.
Wll continue to read many articles both positive and negative about Cryptocurrency. I remember one in particular not so long ago which forecast the quick demise of Bitcoin and no one should ever invest in it I do hope that the writer is currently sitting in front of a large bowl of humble pie, as the truth of the matter is that Bitcoin and its siblings are not going away and are not going to jail, they will still pass go and collect money. This game of monopoly is not one where the money is not real. A lot of people who have disrespected the Cryptocurrency market are now probably themselves investing in it. The popularity of Cryptocurrency is not waning, in fact it is growing in popularity day by day. The revolution continues and each time Bitcoin has been knocked on the floor it has arisen again, and again and again.
Bitcoin is a buy!
If you are prepared to enter the market for the long term then buying into Bitcoin looks a solid investment. What do you think ? Agree, Disagree, then leave a comment I'll be happy to hear from you.Cheers Gerrry gocryptosales.com
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