Quote from: The Pharmacist on August 18, 2018, 07:01:41 PM

Instead of being realistic and calling a bear market for what it is, they're recommending people get into metals now that they're at 2015 prices!

Is that any different to all the muppets here claiming "now is the time to buy bitcoin", "you'll never see these prices again".

There is never bad news in bitcoin, its either "to the moon" or "hell yes its just crashed buy now or you'll regret it", heard it all the way down from $19k to $6k.

The way I look at it there is a reason russia and china are buying gold and silver as quickly as possible. They are not accumulating bitcoin, Bitcoin's real world utility is going backwards with many previous retailers accepting it now ditching it. All that is left is a speculative monster used to enrich early adpoters at the expense of greater fools. Money to be made in the short term, doomed in the mid to long term.

Quote from: The Pharmacist on August 18, 2018, 07:01:41 PM

Also, bitcoin hasn't been in a 7-year bear market. There have been amazing opportunities to buy bitcoin ever since 2009.

Bitcoin has only just exceeded 7 years old so tough to have a that long a bear market, you also have to take in to account currencies as we dont all use the $, the gold price spike after Brexit paid off my current house .

I think the trick with bitcoin and gold is not to get greedy, set yourself goals and targets then take profits at the correct times. Never go all in on either and dont overstretch yourself which will force you to sell at a loss. Sticking to this principle has got me financial security for the rest of my life given my daughter a great start (owns her own house at 10 years old with no mortgage

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