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This guy has overdosed on hopium and is literally brain dead.

“Bitcoin is very volatile, but the rewards are risk-adjusted, I think,” Lee said.

I more crypto-speak babel... he doesn't even know what he said.

This guy has overdosed on hopium and is literally brain dead. >“Bitcoin is very volatile, but the rewards are risk-adjusted, I think,” Lee said. I more crypto-speak babel... he doesn't even know what he said.

(post is archived)

[–] • 1 pt

It'll go up but not for a month or two. The laws around it changed at the beginning of the year and folks are dumping it from private accounts and buying it back up to put on the books of institutions... square, tesla, every fucking hedge fund.... if you can get in now you'll see some decent returns 6 months on. In 6 months it'll be a 8% yoy investment like everything else in your portfolio.
- Some-asshole-on-the-internet's 2c

[–] • 1 pt

I wonder why they are dumping and buying back instead of buying monero.

[–] • 1 pt

it is deflationary though, so a little different than most other jewish things.

[–] • 0 pt

No argument here. But if you leave a $1000in a bank for 6mos you'll $1008. If you put into bitcoin it could double in that amount of time.... and it's almost as liquid.

[–] • 1 pt

Short term it will fluctuate, i wouldn't be surprised to see 30k again. But if it starts seeing use, like if banks will accept it as deposits, if it takes share from credit cards, etc, then it will be very high. That won't happen overnight, but i can already buy along side stocks, i haven't looked at funding my account with it though.

[–] • 1 pt

if you are getting financial advice from a mouthpiece for billionaires/trillionaires, then you are doing it wrong.

[–] • 1 pt (edited )

Hahahahaha This is another "mainstream" article that is a complete crock of bullsh**t!!! No one knows or can predict what will happen to Bitcoin. Those of us who tend to believe in the technology want to hold that it is something like digital gold: a somewhat secure store of wealth, although admittedly the value will vary over time. But we could be completely wrong as well. Another laughable statement:

>“Bitcoin bull market cycles come every four years and this is a big one,” said Lee, who is currently the chief executive of crypto wallet Ballet. “I think it could really go up to over $100,000 this summer.”

There is absolutely no basis for such a statement. ...Bitcoin has only existed for one decade, so how do you determine these "four-year" cycles, anyway? And who really cares where you "think" the price will go. Fact is, you don't know but you can "think" whatever you want.

Gimme a break.

Bottom Line / Moral of the Story: **** and their crypto "products" seem cool but are probably scammy. Stay away!!!

[–] • 1 pt

The one thing that I am (and everyone should be) pretty sure of is that in 15 years it will either be worth many magnitudes what it is now, or it will be worth close to zero.

[–] • 1 pt

Yeah, but it depends on how you define what it's worth. Like, what if the government currencies (such as the Dollar and Euro) become extremely devalued, and the world goes into hyperinflation? Then a bitcoin could be exchanged for say, millions of dollars, but might not actually be worth so much more than it is now in real terms --while the dollar would be worth much less. (By the way, I believe that this is already occurring to some degree).

[–] • 0 pt

I meant it will be able to buy goods that tens of millions of dollars could currently buy. I know it sounds far fetched, but it sounded like that when it went to $100, then $500, then ... I sold a lot at $2... I even mined at least one block without a pool back in the day. At least i have my health.