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RE: Bitcoin Blasts Through $2,200 While Ethereum Goes Ballistic
That's great and all, and I'm sure it will continue to climb, but there's no real reason to invest in these cryptos if you don't already have a stake in them from 2011, or if you're a multi-millionaire and happen to have 20 or $30,000 lying around.
The average person isn't interested in Bitcoin, and by all rights they should be looking into other cryptocurrencies. Bitcoin is a rich man's market. Frankly at this point, if you're just now investing in Bitcoin, you've been duped, unless that BTC is seeing a conversion to a lower currency. Even then, it's risky and the waters are real murky, even for Steemit. We'll see what happens over the next few years.
Yeah, I really don't have the money to buy a whole bitcoin, even a whole ETH and even if it goes up further, I won't make a massive amount. But I've spent a few hundred investing in some interesting altcoins that are cheap and may have potential. And if one of those skyrockets, I could earn far more than just buying bitcoin
Yeah. I was considering doing the same, but I choose to go with Steem and stick to it. Why? Because I'm buying a cryptocurrency AND investing in a potentially huge social media platform.
I'm not sure why anyone is still interested in BTC at this point. I would think the value would be decreasing by now, but I guess people are either buying small amounts, (waste of money) or entrepeuners are buying up vast amounts and inflating it.
My prediction is that BTC will remain quite valuable for some time, but it will decrease in value over time as people spread into other cryptocurrencies. It will stay constantly strong though.