Quote from: rickadone on June 24, 2018, 08:08:44 AM

Quote from: drachman on June 24, 2018, 06:12:37 AM

bitcoin is still very young and the trading opportunities that will appear when institutional money finally begins to invest in bitcoin will be enormous so this is the perfect time to go long in bitcoin if you are planning to hold for the long term, or if you feel adventurous and feel you can manage the volatility you could go short and wait for a decrease in the price.

2018 is approximately the ninth year of bitcoin and in many countries people would be finishing off their elementary education as in next two years they are entering into secondary level in teen ages. Kinder garden alone is being considered as young age in their traditions.

Coming back to bitcoin, I am not thinking that bitcoin is still in its young age. We are in the beginning of middle term which may last for centuries of years. Price wise, 2018 must be a very hard year. So far in this year, we are facing only down trend and yesterday market has broken the strong support levels around $6000 which may lead to more unexpected things. I am praying to God for those not to happen again unlike what happened in 2014.

Well, if you think bitcoin can last for hundreds of years, and by the way I think the same, don't you think that with an age of 9 years old bitcoin is still at the very early stages of its life? This why even if a lot of people think of the early adopters as the people that got bitcoin in the first 2 or 3 years in the life of bitcoin people in 25 to 50 years will see us as early adopters as well.