An Early Bitcoin Adopter, Davincie Jeremie, in this twitter handle states, not to mention you are slave working for money others get for free. Bitcoin fixes this. Join before it does. Thus, in the process devaluing money.
The belief of early adopters is that BTC will be transactional money one day. They also believe that Ethereum will be the web and/or replace brokerage and complex financial institutions such as insurance and derivatives. And, that we need BTC and Ethereum.
For new entrants old guys give an overall strategy: With the overall cryptocurrency market and several Altcoin protocols gain traction, most people should own 50% BTC / 40% ETH / 10% alts to be positioned on the efficient frontier. And then 2-3 year time frame or more, buy in every week or month blind to price. This is the way.
BTC advocates are like it’s should be 100% Bitcoin and buy every day/week/month whatever suits you the best. As opposed to a mixed portfolio, aggressive BTC old guys believe 100% BTC absolutely works too. They reinstate, “You can go 100% BTC and do incredibly well if you so choose. I know many choose to go that way.”
Aggressive BTCs call several Altcoins a centralized scam. They have a say about the price scenario of BTC like: “When it drops to 20,000-25,000. There’s going to be a correction. It was at 65,000. That was massively high. People are predicting 100,000 by the end of the year but it got bad press about energy efficiency, slow transaction, one of the slowest.”
There are all sorts of numbers doing the rounds about the numbers like: Bitcoin is dropping to 17,000 Dollar and Ethereum is dropping to 500 dollar!
Analysts are busy with their charting techniques for different time frames working out, patterns, support levels, resistance level, correction, trend reversal and lot of stuff. Each of them are proposing their own methods and numbers. The numbers are derived from past trends. And, there is no real method to it and that is the whole confusion all about. Predictions as always: Only god and a liar can give you the exact number.
Disciplinarians want the government to interfere and they wish it be regulated by governments and be made part of the legal instruments like Sale deed, Lease Deed, Letter of credit etc.
Altcoin pioneers opine that BTC would become outdated as a master template with new innovations happening. Time to unveil.
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