Re: "Bitcoin post no risk to the world's Financial instability"

Quote from: omonuyak on March 19, 2018, 06:22:58 PM

Bitcoin and cryptocurrency can now have a flesh air as the G20 said "Bitcoin does not post risk to the world financial instability" I think the heads of central bank has started to see the potential in cryptocurrency and we actually need they adoption to see bitcoin realize it potential and go mainstream. https://www.coinspeaker.com/2018/03/19/cryptocurrencies-dont-pose-risks-financial-stability-says-g20-watchdog-mark-carney/ . To just buy bitcoin now the hungry me because I know the future is very bright.

Bitcoin never posed any risk to the world's financial stability in the first place. So this report is pretty much completely useless, even though it might be impacting the price of bitcoin in a positive way. What G20 says about bitcoin is completely irrelevant.

Though, I completely agree with buying bitcoin now.

However, you should be prepared to hold onto your coins for at least 3-4 years, because it could take bitcoin that much time to return to a rallying bull market again. That's just how long the cycle usually takes to revert back to bullishness. But the prices you're getting right now below $10k is peanuts in the context of the long term.