Post
Topic
Board Speculation
Re: Goxxed out, Back in
by
briguy37
on 24/05/2017, 13:37:15 UTC
So at what point are you happy with the recovery / profit? You bought in the low 200 range, it was a good time to pick up quite a lot of coin for me as well. Is this price enough for you or do you feel greedy and want to go for the top?

I believe Bitcoin has the best potential to equal or even surpass the level of the USD/Euro/JPY/GBP/Yuan/etc. (if the transaction throughput problem is solved, paving the way for use as a global currency), gold/silver/diamonds (if it instead remains primarily an inflation-proof store of value), or both.  If that happens, we are talking $100,000/BTC minimum.  

I also believe Bitcoin has the potential to be surpassed by another crypto (more-likely) or fade away like tulip-mania (less-likely).  Thus, I have invested an amount I am comfortable never seeing again and have resolved myself to seeing the result of this binary proposition through to the end.  

So to answer your question I am definitely happy with the growth thus far, but I'm in it for the long haul.  The interesting thing about that is that by the time I would ready to take profits, the logical choice would be to take the profits in Bitcoin.