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RE: Bitcoin Briefly Hits Over $24,000 CAD$ a Piece... Is This Real Life?
Never invest more than you can afford to lose and always do research.
This line is actually become the 1st fundamentals of investment. No about cryptocurrency, not one can precisely predict it, I can go both way but it's true that everyone desperately want some alternative for Fiat currency maybe that's what even after so many flaws in bitcoin such as high transaction fee, it is gaining so much popularity over time and dismissing even the most technical analysis that goes against it.
Bitcoin is in no way an alternative for fiat currency. The fees are too high. The thought behind bitcoin was to cut out the banks and middlemen between you and what you are paying for, which would get rid of the fees. But this has essentially turned bitcoin miners into bankers who charge fees. Micro payments are imposssible with these fees. I don’t believe Bitcoin is a currency anymore. I believe it is being used as a stock.