Post
Topic
Board Bitcoin Discussion
Merits 4 from 1 user
Re: What would a US recession do to the price of Bitcoin?
by
nullama
on 17/11/2024, 10:41:22 UTC
⭐ Merited by pooya87 (4)
~snip~
Honestly, now is the wrong time to buy Bitcoin. Anyone who is buying now should've bought a month ago.

Although, if you are looking to sell off some of your holdings to get some cash, now is a good time. I just sold about $500 worth of BTC. Zero regrets whatsoever. (And I still have a huge stash.)

In the long term the price difference between now and a month ago will be a rounding error.

The thing with Bitcoin is that it is unstoppable. Companies will come and go, but Bitcoin will continue to exist.

Think about email. It is still relevant because there is no company attached to it. All the other platforms will cease to exist eventually.

Think about IRC, it still exist, even though there are multiple companies trying to do chat.

All these are protocols, so they will continue to exist far beyond what any company can survive.