Thanks for the encouragement here! (And for doing all that math haha!) Do you think it's going to keep falling?
You are viewing a single comment's thread from:
Thanks for the encouragement here! (And for doing all that math haha!) Do you think it's going to keep falling?
You're welcome, I tried to simplify it!!! :) ... And I don't know, it has bee dropping quite a bit. Last summer it was down around $0.50 so I hope it does go back down there (it really would be awesome). But I also am not holding my breath. I realize that there will be people that step in at every level... The guys that did it at $2.50 got hit today as it broke down to $2.
I think it will depend more of the external environment than anything... There was a lot of "hot" money that chased all the cryptocurrencies so if that money dries up or gets scared, then yes it could definitely keep falling. I'm hoping it does happen because if it did then I will invest more than just my time.
I love the platform, but the price was such that only a few at the top had all the control. A drop will even that out (especially if it is prolonged). Because this is sorta like the wild west, then anything can happen. But my point to the article is to realize that people in our situation should realize we get a higher % of power if the price goes down. Eventually that adds up! ;)
Did I explain it satisfactorily? Or do you have more questions? This is a subject I could talk about all day! :P