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RE: Green beautiful green! But could this be a trap?

in #bitcoin5 years ago

During the last cycle I enjoyed some swing trading but my feeling is that you are right. This time around it will be harder to catch the tops. I almost sold my BTC after the massive pump yesterday, thinking a big correction would come... yet it hasn't.

I will hodling tight all the way to the top instead ;)

Just figure out what things you going to trade your bitcoin for when it reaches $100,000

I assume you're referring to the problem of what we will trade our bitcoin for when the dollar is crashing?

Sort:  

Sorta, but not really.
There isn't a bitcoin <-> fiat system that will work well at $100,000 per bitcoin. However, there will be people who will trade this tractor, that farm land, that house, that car for bitcoin.

Also, at that time, the laws for crytpo = money will not be passed yet, so if you convert your crypto to dollars, you need to pay capital gains on them.

I feel the dollar will be failing, but it will still be holding on by a thread.

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