Bitcoin and Ethereum are here to stay. Most people who are enthusiastic about
cryptocurrency appear to agree that Bitcoin and its newer rival Ethereum have staying
power.
Which means that when you invest/buy bitcoins or ether you are not going to lose your
money. those days of losing your money are well over. Back in 2009 to 2011 you could say
it was a punt to have bitcoins but not anymore.
So here is my prediction on the 1st of august debate.( you can all laugh later
if i get it wrong)
If you invest in bitcoin on the 1st of august, expect the ride of your life. The market
will rise and fall hugely. People are going to win big and they are going to lose big.
Only invest on the 1st of august if you have massive balls. I mean it, people are going
to invest at the wrong time and be on the losing part of the trade. Me personally I'm
only investing £100 if i win i win, if I lose then it's only £100
1-2 weeks after the 1st of aug we will then see what the battle damage is. If i am
brutally honest, i don't think there is going to be any lasting effects. we may see a
few miners leave and go and mine something else. But i can't see much else happening. to
many people have to much money tied up in bitcoin for it to fail now. Also if the
rothschild investment company is getting involved you know we are doing somthing right.
Long term
A year from now, we are going to be laughing about this episode of "what's bitcoin going
to do next". don't worry to much about it, just follow the following rules and you will
be fine.
- buy bitcoins
- mine bitcoins ( cloud mining if you have to )
- spend those bitcoins
As mass adoption happens, the price of bitcoins will go up up and up. We are currently
talking about £3000 being the current ceiling in bitcoin. 5 - 10 years from now lets just say it's
going to be a lot higher then that.
remember people the above does not constitute financial advice. You should invest your money with
what your happy to invest with. I just like to think I know what i'm talking about. there will be people that
read this and tell me i'm talking out of my arse.......... well fair enough, that's there opinion on the subject.
looking forward to seeing what my comments look like.
Niall