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RE: Why I'm Negative on Bitcoin

in #bitcoin8 years ago

No - if I did, life would be much easier. That's why I continue to monitor sentiment through news, online, and anecdotally in my own life. We're already starting to see a shift as more people view Bitcoin as a bubble which is concerning. I've made enough at this point that I will come out of this with a substantial profit regardless, so will continue to take risks as those risks continue to pay off. There are some potential metrics to watch (Market Cap / Transaction Volume ratio for example) that you can use for ideas of when to sell, but I have a feeling this particular bubble will defy all logic as it continues to rise from 'investors' chasing performance.

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Thanks a lot. As someone new to the space I'm really excited about the potential positive effects blockchain technology could have in ways we haven't even conceived of yet. However, I do worry that the way we're going, if (or when) this bubble bursts it could be hugely damaging for future adoption across the board and could really slow progress. I guess we just have to hang tight and try hard not get badly burned along the way.

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