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verce

7,580 Posts.

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23/04/20

08:46

Post #: 44202985
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Originally posted by hawthorn8 ↑

I think crypto is about another 20 yrs away from being considered a legit investment and not something people just speculate on with a piddly amount of money. I've seen no evidence that this is happening yet in any of the main economies. The main issue is price stability.
The people holding crypto now don't want stability as they want the price to go up 1000% for example and the people watching do want stability so they can trust it not to lose 70% in a few months.

Of the people i know who have some money in crypto it's an insignificant amount of money, a throw at the stumps.

The 20 yr estimate is a wild guess ofc but so is pretty much every guess in articles talking it up.

Short term:: i think there's a better than 50/50 chance it dips under 5k $us again if the stockmarket takes another hit in next few months, and sont see much potential upside from here -over the next 3 - 4 months, just my opinion ofc

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I literally couldn't disagree more. I feel the exact opposite of what you said.
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