I think it's time to wake up!

[Dario]

I have observed this cryptocurrency forum for a couple of days now and I see that no new posts emerge, except by Jonathan. This at a time when history is being written in the world of finance as the Bitcoin soared past $6'000 this night to a new ATH. Many people say it's a bubble which can explode anytime, but having myself deepened into the world of cryptocurrencies for the last 7 days, I firmly believe that we are now at the treshhold of what we could call a new era in the world of finance. In fact that had already begun time ago. The opportunity to make money is now here for everyone. I should have bought BTC last month when it dipped down to $3'500. I guess many people agree. 71% up in just one month, woaw, not bad! I have this week registered with two companies in Thailand to buy Bitcoins. Ready to go.

Oh yes, and I think the best strategy is to buy and hold ... not trade, because this is where most BTC buyers have failed.

Edited October 21, 2017 by Dario

[surinteacher2016]

I hope you have more experience than 7 days.

 

I think its really uncertain times for bitcoin based on the proposed SegWit2x hard fork in November.

 

The first hard fork with bitcoin cash was more predictable and much safer than the Seg2x coming. It was clear at the time that the new chain was not going to be a threat to the legacy bitcoin core chain. Knowing this most people bought into bitcoin knowing their coin would be cloned on the new chain. Everyone knew it was a Segwit vs No segwit issue.

 

But now we already have 2 active bitcoin chains and soon will be 3 with bitcoin gold. Survival of any of them is not guaranteed.

 

The segwit2x camp expect the Segwit1x chain to die quickly. This is definitely in the realm of possibility.

 

The reason Im telling you all this is because if you go and immediately buy before the fork at $6000 a coin how do you know whats going to happen near the fork time... or after the fork. I think theres going to be a huge sell off.

 

I could be wrong but I think Im going to leave my funds on the exchange and wait for the price to go down and buy immediately on the drop.

 

Nobody including me knows what will happen and you might buy next week and it could keep going up and up. Who knows. I think you need to be really careful though.

 

I think ethereum might be a better long term buy than shitcoin. If bitcoin tanks then they will all drop. I will 100% be buying ether when theres a sell off.

 

When I read your comment above I thought you sounded a bit niave to be honest. Dont read all the articles about 1 bitcoin being worth 500,000 etc. Theres a new one each week. Ignore them and read about the problems of bitcoin bc it is really uncertain at this time and could turn into a shitcoin.

[Dario]

Hi,

 

I might still be a bit naive when reading your comments. Yes, I'm still a newbie in cryptos. You might be my savior, who knows. That SegWit2x hard fork might change the course of the btc. BTW it looks like we live in the same province. Thanks for your comments. I might wait ...

[surinteacher2016]

9 minutes ago, Dario said:

Hi,

 

I might still be a bit naive when reading your comments. Yes, I'm still a newbie in cryptos. You might be my savior, who knows. That SegWit2x hard fork might change the course of the btc. BTW it looks like we live in the same province. Thanks for your comments. I might wait ...

Remember I might be wrong and you might be correct. Nobody knows. But its good for you to hear another opinion. Keep reading many sources and make up your own mind.

[Dario]

On 10/21/2017 at 1:11 PM, surinteacher2016 said:

Remember I might be wrong and you might be correct. Nobody knows. But its good for you to hear another opinion. Keep reading many sources and make up your own mind.

Looks now like I'm right. As of now , this night on November 1st, Bitcoin just hit $6'404, new ATH. Also, there was a rumour today that China might change their stance on trading the Bitcoin, have a look here.

 

Edited October 31, 2017 by Dario

[steven100]

several countries looking at a bitcoin crash.

[Dario]

1 hour ago, steven100 said:

several countries looking at a bitcoin crash.

Hope this happens. I have been reluctant to buy at the currents levels. Would give many a second chance.

[davidst01]

Wait for a few more weeks until the SegWit2x hard fork. The price will crash at this time I think.