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RE: Bitcoin Just SMASHED Through The Ceiling!!
Bitcoin stocks on a tear last few days a something new and exciting to consider. Here is the latest one I did a quick write up about, up 100% just today. Links in the article to the other ones as well.
https://steemit.com/cryptocurrency/@motowngold/1-more-bitcoin-stock-coin-citadel-cctl-0003-share-at-time-of-writing
Thanks! :) I'll check it out ;)
Awesome, definitely some risk, but possible huge reward, especially if btc keeps running.
The risk will come many years down the line when the market cap is much higher and the Fed buys up and then dumps billions.
Right now, as long as governments don't intervene and individuals don't get too scared it should be fine.
There is a bubble coming, but we shouldn't correlate a decentralized bubble based on demand with a centrally planned derivatives bubble. We're in the clear for now. When something better comes along or if the Fed pumps and dumps then there will be trouble for bitcoin but with the first scenario of something better coming along, we'll know it and we'll know what to do. :)
I agree with your view on bitcoin, I meant the risk in the crypto stocks I wrote about , sorry for not being clear. There is just not much info to do a full due diligence on those small companies. That said, I bought all the ones I wrote about, but I have high risk tolerance, so far quite profitable for me though.
Oh I see. haha Yes, there are always risks but of course when you're getting involved in Bitcoin, the risk is minimal compared to the derivatives market which the vast majority of investors get involved in. We're the ones playing it safe in the end :)