Quote:
Originally Posted by Louis
But people were saying the same thing in Dec 2017...
(when it hit a then all-time-high of just under $20k)
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Yup, just look at the chart I posted a page or two ago. It basically tracks the stock market, though on any given day of course, it can lose or gain a huge amount because it is very volatile in the short term. But when you zoom out you see long cycles of higher lows and higher highs. It's the volatility and risk that makes the biggest gains... and losses of course. But again, if you hold on to the next cycle, don't freak out, and buy when it's back below it's average value then, so far anyway, it's proven to be a good bet.
A bit further, there's always been FUD about what governments might do and while that has happened it's also become more mainstream too. Most investors won't touch it.... Yet. But when they do?