Okay, so all the naysayers who go on about Bitcoin being dead are yet again eating their words. AT&T has just announced they are going to start taking cryptocurrencies and a major supplier to Amazon is also going that direction. This is the sort of uptake currencies need to actually be viable.
A crazy run like before Christmas last year, I would find worrying and would consider it to probably simply be market manipulation, but as time goes on and the spread of crypto across the world increases, it means that this is probably a more “sensible” market move.
Of course, currencies can increase or decrease in value. Our charts are based on the dollar, so if the dollar goes down BTC goes up. However the moves here I think have a good, solid basis, and may mean the “fair price” for Bitcoin could stabilise higher than it has in the past. (the “fair price” is the price at which the currency is perfectly set, it bounces around that price and the price moves).
The most powerful thing for freedom and crypto is simply the uptake of Bitcoin in our every day lives. The more it becomes commercialised, the more value it holds.
Should I buy Bitcoin and HOLD?
No. You should first study the charts. Buying ANY currency and holding it for any length of time is a gamble, just like stocks and shares, however, it can be an educated gamble, which is what traders do. But you must have the knowledge, please don’t think you will do well if you just randomly buy some Bitcoin and hold on to it. You need to study trading and look at prices in the market. Your financial advisor will probably not be able to help as crypto is different from fiat as it’s not controlled by any banks or governments.
You should buy some crypto, sure, then go spend it, get in on what it ACTUALLY is, and how exciting it is for the future of our planet.
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