Quote:
Originally Posted by PornDiscounts-V
If you aren't in, don't get in. Bubble will burst around 12k. Then get in at bottom and ride next bubble.
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If history is going to repeat, even a crash (with an unrealised loss) would not be catastrophic, because the value would eventually recover and then continue to climb even higher. It's happened about 4 or 5 times now.
Two things to consider:
1. This particular ride up is more significant than previous crash-recover-climb cycles, and because of the explosion in value everyone's hearing about Bitcoin this, Bitcoin that. With more speculators the after-effects of the next crash could be quite different.
2. Past performance is not an indication of future performance.