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Op: what is the play on Roulette?
D1, SD1: Roulette is gambling. You can win or lose
Op: I agree with both of you but are there profits to make? Red or Black?
00
Think of it as an alternative asset that is inversely correlated to the performance of the economy.
The European Central Bank indicated they will resort to more monetary stimulus in September due to the economic outlook getting “worse and worse.”
Bitcoin’s value proposition is about to become painfully obvious to the world.
A decentralized, digital currency that can’t be manipulated or debased is even more valuable when central banks around the world are manipulating or debasing their currencies
No single individual(s) contain that much computing power. Now maybe a hostile-nation state could.... but that’s where my knowledge on this subject ends lol
It’s more of a gamble than an investment. It’s hard to say what the future holds for Bitcoin. As more crypto’s appear with more functionality and use cases, Bitcoin may loose value. Right now, Bitcoin has name recognition and is the most valuable crypto but there is better out there. But this is just my opinion, others may disagree.
Just my 2 cents as an owner of a single coin. Everything written about Bitcoin is entirely speculative. So as D1 said, it’s a gamble and I don’t really think there’s a quality studied opinion that can reliable.
I agree with both D1 and SD1 on the speculative nature of Bitcoin but do you think there are profits to be made still? What do you guys/gals think about a good entry point and time horizon for an exit?
There are absolutely still profits to be made. Buy is the play.
Hot take - aren't all investments gambles?
I was reading that there’s an inverse ETF that lets you bet against Bitcoin!