facebookDo you think cryptocurrency like Bitcoin, LTC, ETH would recover or ever go high again? Is it wise to purchase when its already so low? - Seedly

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Anonymous

15 May 2020

Cryptocurrency

Do you think cryptocurrency like Bitcoin, LTC, ETH would recover or ever go high again? Is it wise to purchase when its already so low?

Discussion (13)

What are your thoughts?

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I think there will always be desperate people who fall for ponzi schemes, especially in times of economic uncertainty, and so there will likely always be a demand for cryptocurrencies like bitcoin that have zero intrinsic value.

I don't think it's ever "wise" to purchase such things with an expectation of profit, just fun to purchase them with a hope of profit – just like throwing cash onto a blackjack table. If you're going to do that, it doesn't really matter when you do it – just gamble with however much you can afford to lose and keep your fingers crossed.

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Kenichi Xi

15 Sep 2018

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A Good Way to Evaluate such Q's is

  1. What will cause the Demand?
  2. Who can support the Demand?
    3....

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