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RE: Bitcoin to peak in Nov/Dec if it follows past trends

in #bitcoin • 4 years ago (edited)

Something to remember is that BTC is being valued against USD which is currently devaluing because of inflation. It could get a lot giving the false impression that BTC is shooting upward when it's really USD is crashing.

It makes me glad I invested in crypto. Many might see it as a risk, but it could be just the protection I need against inflation.

4 years ago in #bitcoin by
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     4 years ago 

    Yes, in the longer term bitcoin preserves purchasing power. Though it can be quite volatile along the way.

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     4 years ago (edited)

    IMHO, volatility is a problem if you're a frequent trader. If you're an investor, the value always goes up, so the answer is basically never selling. I probably preach this way too much, but that's the greatest lesson I have learned from crypto is to never sell. Not even when it looks like a dip is coming. Buy the dip. Never sell.

    Also, if you're using it as a currency, I don't know that volatility is that important.