Hey Jeff,
Super interesting take as always!
Can you speculate a little bit on any coming pullbacks on the price of Bitcoin?
Are there any dips on the horizon for people that haven't simply pilled into bitcoin with all this volatility to get in on some of the action?
I'm asking because I currently need to send some money from China to some folks back home, and I'd love to buy it and hold it for a while before exchanging it back for fiat...
The problem is, everytime in the past I bought and held bitcoin, I ended up losing huge amounts of money...
Well that was all before 2017 :P
Is that risk of buying and holding bitcoin and losing significants amount of money simply gone?
Would I be the biggest sucker ever to buy at current price when it's just about to come down a couple thousand dollars?
I can't find ANY rational information and the whole thing just seems like a huge speculation and gambling fiasco, two things I'm really not hot on since I have that aforementioned terrible luck with exposure to crypto.
(I've made a lot using crypto, never made anything holding it)
Thanks a lot for any info or advice you might have my brother
Best
Hae-Joo