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Strategies & Market Trends : Bitcoin
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To: Elsewhere who wrote (911)5/28/2021 6:49:49 PM
From: Doren1 Recommendation

Recommended By
gg cox

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> Bitcoin supply is limited to 21 million coins.

I must say its a fascinating phenomena... very similar to the meme stocks. Limited? Only in the minds of people who wish. Its an ever larger amount of "virtual" things available to buy with as you pointed out M1+ 70%... its just a question of whether the government can print money faster than the people inventing new types of crypto.

Personally if I was invested in crypto, it'd probably be etherium.

But looking down the line in a few years there's no doubt be thousands of crypto coins not to mention NFTs...

Coin market already lists over a hundred crypto coins.

I think one really has to analyze WHY bitcoin is down 10% as I write this... why would it EVER go down if the arguments for its reality are true?

> Real estate is decaying unless you maintain it constantly.

Yeah but you can't live in a bitcoin... or write it off. I sure am glad I'm not paying rent because the smart money already snatched it up and raised rents after 2008... and they haven't stopped. Building a home in the US is more and more expensive... and in places like San Diego IF you can find the land and get approval.





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