Bitcoin Halvening
Bitcoin is halving May 12th Tuesday. Wondering if anyone is investing and their thoughts on the subject.
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I put about 5% of my net worth into BTC back when it was hovering around 3k-4k. I honestly believe this will go to 0 due to the rampant fraud in the space but if the bitcoiners are right and this gets to 100k then I'll happily cash out and buy a house. The theory is that this will happen post halvening so now I'll just wait.
how ya feel now??
Feeling pretty comfy. It will still go to 0 but if it manages to reach 100k before that then I'll be pretty happy letting someone else hold my bags.
Based on what I've been reading analysts believe that within the 3-12 months after the halvening the price is going to drop a ton. Some say up to 50%. Then it will rebound to a level higher than 2018. This is all speculation but many crypto investors and firms are dedicated to buying whenever the drops occur to ensure the price continues moving up. My plan is to wait until the price gets down to 5-6k then invest. 7-8k is too high considering it will likely fall again once more negative news comes out about corona
DUMP IT
Based and Bogpilled
I don't even know, I've had a fraction of a coin for a while, if it goes to 100k or to 0 wouldn't really do much for me.
Bitcoin breaks $10,000+ tonight/tomorrow. Paul Tudor who manages 34.8 Billion+ calls Bitcoin the gold of the 1970's.
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