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RE: Bitcoin was NOT in a bubble – the 2017 rise and the 2018 consolidation (Chaos Monitaur–34)

in #bitcoin6 years ago

Personally, I think I'd be happy no matter how bitcoin moves. If it goes up, my holdings are worth more, and if it goes down I can accumulate more. I don't think the network is going anywhere tomorrow and bitcoin is still small.

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That's an excellent strategy. Over the past few years, I've bought some precious metals. The price kept dropping. And dropping more.

At first, I was not pleased. But as it continued to drop, I was able to buy a bit more. And a bit more. I managed to accumulate a comfy little store, and when the price rises, I'll be very happy and content.

Cheers.