Is it time to get out of Bitcoin?

Is it time to get out of Bitcoin?

Bitcoin Fail? Is it time to get out of Bitcoin? I just know that I'm going get a lot of static over this but here it goes...

Here are some reasons to cling to Bitcoin.

1. It's going to the moon! Nine (9) years ago in October of 2010 Bitcoin reached a new high of 12 cents, if you know what it was and if you could find some to buy. In December of 2017, it rocketed to almost 20,000 USD before coming back down. It seems reasonable to say Bitcoin rocketed past the moon circled Neptune and is now resting on the moon at 8200 USD compared to the 12 cents it was only nine years ago.

2. Institutional investors are going to abandon their stocks, bonds, real estate, and derivatives, cash out and buy Bitcoin because it's cool.

3. Bitcoin can move large sums of money at the push of a button and it's faster and cheaper than swift or WU. True, but you can do the same thing with XRP and it's only 25 cents.

4. There's nothing else like it. True five years ago but now there's BCH, ETH, BCHSV, Zcoin, just to name a few.

5. Bitcoin is set to half it's rewarding in less than a year and then the price has to go up because it costs more to mine. Well maybe. Or else miners will find something else to mine that's more profitable to them. It's one of those funny things that businesses try to do, make a profit.

Should you buy, hold or sell Bitcoin is not for me to advise. However, do advise to be aware and knowledgeable of your investments and to practice a sound investment strategy. Don't fall in love with your investments because they won't love you back.

It's like the man said it in a song.

"You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done"

Kenny Rogers, The Gambler

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One man's opinion on the state of Crypto Currencies.

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