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RE: Mike Novogratz says Bitcoin won't approach $20k again for 3-4 months, I think he's wrong
I think as long as people keep putting money in you can make really good money, most of the people putting money in are not doing research or a lot of it. I m not saying bitcoin cash will be a cash cow forever but for this next year there will most likely be a lot of money to be made. The whole blockchain thing may die out and get replaced with hashgraph eventually but that doesnt mean you cant take advantage of the system while its still around.
You see the CNBC takedown today? Bcash is “just two guys!”
Always amazed when I hear a snippet of truth on the tube.
A lot of what I posted above is about why crypto is even a thing in these times. If you agree with why Satoshi created Bitcoin, why would you put any money into Bcash or any other scamcoin? You are at that point no different from any other polluter—and can’t claim ignorance as an excuse.
I more view this like a similar thing with the internet bubble, there will be a lot of money to be made before things come crashing down. Most people dont do research so if you can stay ahead of the curve and cash out before the system fails you can do great, but at the same time nothing is guaranteed so you definitely dont want to put in anything you cant afford to loose. As long as people keep pumping money into these newer coins the ride will roll on for a bit.
Only those coins with real use cases and potential to truly scale will thrive. Which ones are those? That is the question, and since it isn’t clear, I have some portfolio diversification. But mostly BTC... smartest people, best shot at truly scaling. Antifragility & privacy are the other needed things any crypto —and it’s hard to say which others have them.