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Bitcoin
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Iowegian
Posted 11/21/2024 12:57 (#10976835 - in reply to #10976725)
Subject: RE: Bitcoin


I have traded in and out of bitcoin without much such success. The questionable intrinsic value (at least in my mind), my perceive risk of competitors making a better standard of crypto, and extreme volatility make it tough for my conservative temperament.

Wish I would have just bought and held from day 1. I can certainly do that with other assets. The same concept of buy and hold probably works to this day for Bitcoin. True? My last entry point was when Bitcoin was around $70,000, so I am up right now. Been in this situation before and it didn’t end profitably. Lose conviction when the inevitable viscous downturns comes around.
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