Re: I need bitcoin to be $690 to break even.....will I make it?
5 years would be ideal... after that I might give up
If you're still valuing your bitcoins based on an exchange rate, you're doing it wrong.
How else would I measure its purchasing power? If I don't value it by its purchasing power how else should it be valued??
Are you serious? In 5 years the price will jump over 100 times higher then now.
But i knew it that you will sell your bitcoins at around 2000 Dollar and then repent it when it will be over 50.000 Dollar,
when you ask such questions like will be bitcoin break 690 Dollar.
Have to ask are you serious? You honestly think bitcoin will 100 times higher than it is now
So from $24,200, 100 times now to a sentence later you think it will go to $50,000 righto.OP Pretty sure you would have reduced your average down by now from $690? Even if you have not I hold faith in the end you will be able to make a profit or at least get most of your investment back.
There are people in worse situations buying in $700+ all will be ok.