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bitcoin price rising - alternatives for portfolio - tips for next big price rise

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  • Stanley
    replied
    Originally posted by Blobbers View Post
    Will it ever recover fully?
    I think so, and probably stronger than ever. But reckon it's unlikely until next year or even 2020. We've had similar cycles in the past, particularly 2013/14. More and more adoption is taking place now though, more of the major players are getting in now whilst it's cheaper, and more of the fundamentals are being put in place by the devs. I'm sure some market manipulation is happening too enabling the large investors to get in during this bear market.

    Long term I remain very bullish, especially considering all the continued uncertainty around the dollar. Today's price is what it was around September last year before it went on that parabolic and completely unsustainable bull run. But I think it could still go as low as $2500 or even less, which would be an even better time to invest IMO. Can see this continuing until well into the Spring.

    #Disclaimer #NotFinancialAdvice #DoYourOwnResearch

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  • Blobbers
    replied
    Bitcoin down to $3203 a coin. That is pretty damn low compared to the over $19890 price it once had risen to. Will it ever recover fully?

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  • Brian Wilson
    replied
    Originally posted by Hubble View Post
    IOTA might be an altcoin worth having a punt on. Its USP is that it doesn't use the blockchain, but a kind of tangled distributive network. https://smartereum.com/18596/iota-mi...ws-mon-nov-26/
    Cheers Hubble, spent everything I have now for the moment but will definitely look into it. Got about 90% Bitcoin then 10% between Bitcoin Cash, Ethereum and Ripple. Only obvious one I didn't get was Litecoin so watch that one soar

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  • Hubble
    replied
    IOTA might be an altcoin worth having a punt on. Its USP is that it doesn't use the blockchain, but a kind of tangled distributive network. https://smartereum.com/18596/iota-mi...ws-mon-nov-26/

    Leave a comment:


  • Brian Wilson
    replied
    Originally posted by Stanley View Post

    Bitcoin Cash is a good tip IMO Brian, as it has more adoption, faster transaction times and lower fees than BTC. Ripple is another one that's held up quite well despite the recent crypto downturn.
    Cheers Stan. Hadn't considered Bitcoin Cash...looks interesting.

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  • Stanley
    replied
    Originally posted by Brian Wilson View Post
    I finally invested today. Got in at around $3800. Seems to be still dropping then bounces back a bit. Went as low as $3500 I think. Have a bit of cash left to invest in one of the other....maybe Ethereum or Litecoin? any thoughts Hubble, Stan, anyone?
    Bitcoin Cash is a good tip IMO Brian, as it has more adoption, faster transaction times and lower fees than BTC. Ripple is another one that's held up quite well despite the recent crypto downturn.

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  • Brian Wilson
    replied
    I finally invested today. Got in at around $3800. Seems to be still dropping then bounces back a bit. Went as low as $3500 I think. Have a bit of cash left to invest in one of the other....maybe Ethereum or Litecoin? any thoughts Hubble, Stan, anyone?

    Leave a comment:


  • Brian Wilson
    replied
    First drop in a while today.

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  • Tarbie
    replied
    Originally posted by Brian Wilson View Post
    ah bitcoin, I will buy some someday...waiting for it drop below 3k which is soon right? ;-)

    Was told in the pub told last weekend that I should be buying Ethereum. Advice from the pub is always good right?
    I bought 200 hundred quids worth of Ethereum about 6 months back..................best 100 quid I ever spent!

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  • Brian Wilson
    replied
    ah bitcoin, I will buy some someday...waiting for it drop below 3k which is soon right? ;-)

    Was told in the pub told last weekend that I should be buying Ethereum. Advice from the pub is always good right?

    Leave a comment:


  • Hubble
    replied
    Originally posted by Stanley View Post

    It's way way up over the last 20 years though. It can also be argued that it's a much safer haven than fiat if you look at what's happening geopolitically with the dollar currently, and the less stable that situation becomes the more likely gold prices will rise, as it's only natural people want their assets to hold (or increase) their value. It has genuine utility too, hence why its price is so stable.
    There's no doubt it's safer than fiat!

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  • Stanley
    replied
    Originally posted by Hubble View Post

    Well gold is worth less now than it was 5 years ago. Yes, it's relatively stable compared to fiat and certainly to crypto. But as I've said before, we're still right at the beginning with crypto and what's happened to it represents 100s of years worth of gold price fluctuation compressed into a few years. I don't know whether gold is a good long term bet or not right now. Possibly.
    It's way way up over the last 20 years though. It can also be argued that it's a much safer haven than fiat if you look at what's happening geopolitically with the dollar currently, and the less stable that situation becomes the more likely gold prices will rise, as it's only natural people want their assets to hold (or increase) their value. It has genuine utility too, hence why its price is so stable.

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  • Hubble
    replied
    Originally posted by Stanley View Post
    Hubs, just out of interest, what's your view on gold as an investment? Way less volatile than cryptos, and even FIAT. An obvious store of value. It's value is also likely to only rise the less stable FIAT becomes. So arguably all this points to it being a far less speculative investment.
    Well gold is worth less now than it was 5 years ago. Yes, it's relatively stable compared to fiat and certainly to crypto. But as I've said before, we're still right at the beginning with crypto and what's happened to it represents 100s of years worth of gold price fluctuation compressed into a few years. I don't know whether gold is a good long term bet or not right now. Possibly.

    Leave a comment:


  • Stanley
    replied
    Hubs, just out of interest, what's your view on gold as an investment? Way less volatile than cryptos, and even FIAT. An obvious store of value. It's value is also likely to only rise the less stable FIAT becomes. So arguably all this points to it being a far less speculative investment.

    Leave a comment:


  • Hubble
    replied
    Thanks Stan.

    The way I see it is that crypto, with bitcoin at the forefront, is here for the long term. If you follow this thread from the start you can see a direct correlation between how well known it was in the mainstream and the price rise - reaching a massive spike around Xmas last year when there was a feeding frenzy and the world and his wife wanted in. Then there was an inevitable crash as that price was unsustainable. Take out that spike and how does it look? Well, if you'd got onboard any time around the start of this thread you'd still be looking at a huge profit.

    The btc price in the last 2 months has fluctuated between about 4.5k and 5k - in other words it's stabilising. The fact that crypto solves so many problems with the current financial system means that it is not going to go away. However, take out the media hype and what you have is a situation where all sorts of organisations are finding ways of utilising cypto and blockchain technology. Eventually this will feed back into the mainstream as something that works for everyone. Think about how email evolved. To begin with just to send a simple message via the internet was laborious. Today, the vast majority have no idea how the tech works, but they use it without thinking. This is what is going to happen with crypto. Bitcoin maintains its position as the number 1 CC because it represents not just the first CC on the block but a genuine store of value - a gold standard - and its in-built tech supports that position - deflationary, limited supply, increasingly harder to mine and so on.

    Again, if you look at the long term trajectory of the BTC price you'll see similar spikes and troughs to the late 2017/ early 2018 one. So my prediction is that BTC will begin to climb slowly and steadily towards the latter part of this year and then there could well be another steep rise as the next generation of tech comes online, enabling smoother CC transactions and so on.

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