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    Author Topic: Selling All Cryptocurrency for Fiat and Earning Interest?  (Read 392 times)
    hatshepsut93
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    December 24, 2023, 03:28:30 PM
     #21

    I agree with what you said. Storing all your assets in Bitcoin is very risky because if the price can rise to hundreds of thousands of dollars then one day BTC can also fall to several thousand dollars. But I believe that will not happen in the near future and may even be impossible to happen. But it's a good idea to be careful by investing your money in safe assets such as gold, shares or property.

    The problem I see is we don't really understand how valuable Bitcoin should be. It has a good utility as a store of value, but how much exactly that utility should cost. Is $1,000 per coin enough or $50,000 is a fair price or maybe $1M? That's why it's both possible that it will be worth a lot more or a lot less or even will stabilize not farm from the current range. That's why putting majority of your wealth into Bitcoin is not a good idea (if you have a lot of wealth) - it's too unpredictable.
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