Anders Kargaard: Talking Bitcoin - Zoom out, judge Bitcoin over a 4 year period!

  • Saturday, 29 August 2020 17:51
Powered by Restream https://restream.io/ Bitcoin in my personal opinion is not as dangerous an investment as a lot of people claim. It is really about recognizing that there is a 4 year cycle, so if you think the price has dropped, zoom out and compare the price with four years ago, it is the reasonable thing to do. Take for instance the very bottom of the bear market crash the 15th of December 2018 . The price was $3,120 down ~85% from the 2017 peak of $20,000 the year before. However, if you look 4 years back from this bottom that scared a lot of people, then the price was $350 on the 15th of December 2014. So on a four your perspective that absolute very bottom of the 2018 "crash" Bitcoin was still up 883%. https://www.etoro.com/people/anders_ Twitter: https://twitter.com/Anders_ Dollar cost average into Bitcoin on my favorite US platform for the purpose: https://www.swanbitcoin.com/anders/ Recommended reading on the Stock To Flow model: https://www.planbtc.com DISCLAIMER: None of what is said is financial advice. This is only meant to entertain and educate. It’s VERY important that you do your own research on all topics!

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