RATE Group | Response To Bitcoin Bull Critiques Of The $1,000 Bitcoin Bear Case
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Response To Bitcoin Bull Critiques Of The $1,000 Bitcoin Bear Case

18 Sep Response To Bitcoin Bull Critiques Of The $1,000 Bitcoin Bear Case

Posted at 12:53h in Bitcoin News by

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I appreciate all of the reader response to my previous article “Warning: Good Chance Bitcoin Is Below $1,000 By Next Year”. The comment that I appreciate the most was the following:

Indeed, this is exactly my goal in writing these articles. In this case, I’m not recommending a way to make money, I’m just recommending a cautionary approach to quite possibly save money, by avoiding losses.

I will add that even if “my premise pans out poorly”, you won’t lose any money by following my advice. You may simply miss out on a chance to make money. But this happens every time any penny stock anywhere in the world goes up 400% or something. If you didn’t buy that particular penny stock, you missed out. It is the same with cryptocurrencies, even bitcoin (BTC-USD) (COIN) (OTCQX:GBTC). An investor is not obligated to participate in every market, no matter how popular it is or how much media attention it gets.

Many bitcoin bulls responded to my article with various arguments and criticisms. I…

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