sweetpie3000 wrote: Our friend bitcoin just reach 9000 today
Bitcoin is like playing with fire, most people are greedy and do not play the game right and lose big time. Unlike stock market, which are also volatile but have small variations, Bitcoin is EXTREMELY volatile and its direction can be extremes, particularly on the down side, so whilst it might be at 9k at the time you posted, next day it could be 25%-50% less or more.
Smart investors who joined the Bitcoin wagon early when it was in the 3 digits, should have made big time profits by now, by at least selling and recovering their initial money spent + a % of their profits, and continue in time to withdraw a % of their gains, this way under worse scenario they would not lose anything but their profits above their ROI. I do not believe that Bitcoin will raise to high / upper 5 figures anytime soon, it's likely to fall back down or ease at 5k-7k levels, maybe lower.
Though in a few days when we will have disappointing news from the feds and soon when we will have a clusterf*** of an escalation of the China trade war thing , you can expect stocks to lose at least 800-1k points in the days / weeks to follow, maybe then Bitcoin can rise above 10k, who knows.......... Greed kills either way, unless you are a politician, because then you are gambling with tax payer money so no problem you will still have your yearly 600k pension + lifetime benefits and treated like royalty.
Bitcoin is just a GAME it is not backed up by anything, and what's keeping Bitcoin afloat is the scam industry online that relies exclusively on it, the near totality of HYIPs now accept Bitcoin (alongside PerfectMoney), but Bitcoin is the main currency on ponzi scheme HYIP sites and underground / illegal business, etc, so those who made profits with Bitcoin you can thank the scammers. Scammers help Bitcoin and Bitcoin help scammers flourish.
Whilst the hard working honest blokes struggle to earn a few bloody cents on those rubbish surveys !