Bitcoin Performance - Comments?

**LegalBetAndy** · 9 September 2020, 10:03 pm

Originally Posted by GG-US

Just put cash into it in near the yearly low

That is fantastic advice which is true for all investments, Gold, Property, Stocks, you name it. The trouble is you never know what the yearly low was until you are on the other side of it making yearly highs!

BitCoin has several problems which will prevent it from ever becoming a currency, and that it what it was designed for, the word "coin" is in the name, it is not "BitBars" as in a store of value like a bar of Gold. It has now become more akin to a store of value but with huge risk (hence the huge rewards so far for some).

Greyscale buying is a concern, because think what the price would be if they were not buying those quanitites. Sooner or later, they will need to stop buying and sell. Who will they sell to and what will that do to the price?

**AlexJones** · 16 September 2020, 10:55 am

It seems to me that the best time for bitcoin has passed, now it is better not to deal with it.

**MMM** · 22 October 2020, 11:43 am

Wonder how big will be the influence of Paypal crypto move.

**Jambo** · 22 October 2020, 12:06 pm

15.000$ until the end of 2020 seems to be realistic.

**BenzBuggie** · 19 December 2020, 9:36 am

Bitcoin will eventually compete in usage with the american dollar i believe, but I also think government will definitely have more control of it. There is no way they are going to let a currency just float around without having their hand in it.

**BCB365** · 8 April 2023, 3:30 am

Seems like BTC moves (volatility) in line with the stock markets and interest rates, making it a very volatile asset.

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