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RE: Bitcoin Dwarfs Even The 17th Century Dutch Tulip Mania! Still It's Not A Bubble. Right? A Regular Girl Considering Her First Real Crypto Investment
I can't tell if what will hapoen on bitcoin on the coming future, but because of its continuous development and forks I think people will soon get tired of it and turn their heads to a more stable crypto.. as we can see BCH is the same as the price of etherium couple of months ago when it came out it but now bch price is rising. On the other hand bitcoin may continue to rise but I always think that it will have a limit and it will fall if the history repeat itself like the tulip.
I will take the quotes of Warren Buffet as what you said "ultimate stratigy" "Never test the depth of the river with both of your feet" as long as bitcoin continue to rise let's go with the flow.
The big question is: where is the limit? The fact that there are only 21 million Bitcoins that can be mined in total may be the main reason for the current high demand. But this may not last forever.
After such a ride, even a stagnant price may cause a selling wave.
it is not the mining, but the the trust of people may have a limit, if you are holding bitcoin you will also experience all of the upcoming forks.. some people are still adopting on the last fork and bitcoin transaction fee is really pricey.
The mining of our bitcoin today is not what it was years ago and it is not easy as before. Only big companies of miners will have a profit or those people with big capital for mining hardware can do it today. :(
I admit I have a doubt but still hoping for the best for bitcoin. that's it. haha.. I really enjoyed this post of yours, it made my sleeping brain to operate lol... @surfermarly ^^