• Death_Equity@lemmy.world
      0·
      7 months ago

      People not selling since before the crash. There will be a fall of about 10% from people wanting to get out after being scared by the last crash, then it will rebound and climb as FOMO sets in with the confidence climb after the dip.

      • Today@lemmy.world
        0·
        7 months ago

        I bought $276 on the cash app for fun. It’s now worth $1200. Should i cash it out or wait? I really have no idea. I feel bad that I’m part of a super weird system of fake money, but I’m also happy to see an extra $k.

        • honey_im_meat_grinding@lemmy.blahaj.zone
          0·
          7 months ago

          Ask yourself this: has Bitcoin had - or is it trending towards - a net positive impact on our world? In other words, is it worth investing in long term? If it isn’t you should treat it as a short term investment and get out as soon as you’ve made a profit - and you’ve literally 4x’d your investment. The fact that we’re talking about the price in c/News is already a bad bubble sign and reminiscent of all the other times we’ve had crypto bubbles.

      • Null User Object@programming.dev
        0·
        7 months ago

        How much electricity does the world banking system use? (Answer: a whole lot more)

        How much of that electricity could be used to simultaneously run the banking system AND turn incredibly ambitious renewable energy project ideas from absurd pipe dreams into economic no brainers? (Answer: none)