thanks for replying, You make some good points, In my first point about the price was abit facetious as i was setting up the 2nd point about the wild price swings. Annnyway,
IM not here to defend the fiat system im just genuinely curious, just lookd at the chart for BTC and u say there no price swings but since DEc 2017 BTC has lost ~86% of its value twice, yes yes on average its up since launch but week to week you could see HUGE swings in value relative to fiat fluctuations. a niiice price climb recently but what makes you think the price isnt going to collapse ~86% again in the near future. it would'nt be unheard of.
Like i said, looks like a good casino and at some point i will probably buy a fraction of a BTC to try to make some $$ on the upswing but loooking at it you would be foolish to use it as a primary method transacting in 2021 and i doubt even you are actually doing that.
i guessing ur playing like any other stock for gains and NOT actually using it as day to day currency, id wager you cash out into $$ as soon as the price drops a few % and go spend those beacuse lets face it, its more stable.
Man i wish i have bought in back in the day when my flatmate was telling about this thing call bitcoin i think they were $4 each back then....
Anyways, thanks.
thanks for replying,
In my first point about the price was abit facetious as i was setting up the 2nd point about the wild price swings. Annnyway,
IM not here to defend the fiat system im just genuinely curious, just lookd at the chart for BTC and u say there no price swings but since DEc 2017 BTC has lost ~86% of its value twice, yes yes on average its up since launch but week to week you could see HUGE swings in value relative to fiat fluctuations. a niiice price climb recently but what makes you think the price isnt going to collapse ~86% again in the near future. it would'nt be unheard of.
Like i said, looks like a good casino and at some point i will probably buy a fraction of a BTC to try to make some $$ on the upswing but loooking at it you would be foolish to use it as a primary method transacting in 2021 and i doubt even you are actually doing that.
i guessing ur playing like any other stock for gains and NOT actually using it as day to day currency, id wager you cash out into $$ as soon as the price drops a few % and go spend those beacuse lets face it, its more stable.
Man i wish i have bought in back in the day when my flatmate was telling about this thing call bitcoin i think they were $4 each back then....
Anyways, thanks.