Considering the genius knowledge required to make a cryptocoin it's crazy how there are so many of them now. Watched a bunch of videos on Ethereum, the guy who invented it is basically a younger version of Elon Musk. I don't even know if he's actually from this planet.
It WILL go up. Relax.
I hear you. That's the same thing I'd say to some of the crazy coin subs. I won't get 'burned' because:This sense of inevitability that the true believers have is going to get them burned. I work with one who seems to genuinely believe that he is going to be part of the new elite ruling class because he got in early (late 2017). The idea that the current elite ruling class is going to accept being usurped, while the masses simultaneously accept a new regime (whose only claim to the throne is that they were circle-jerking bitcoin earlier than everyone else) is simply delusional. The world doesn't and will never work that way. This is an epic transfer of wealth from greedy stupid people to a few very lucky geeks + a bunch of guys who were rich already. If you can't see that, and you aren't already rich/richer from this, then you're one of the greedy stupid people.
Shocking, never would have guessed your avg slob is not the one making money at a speculative investment.
Will it go up for the people who bought in when it was at 20k?
Oh no, I'm going to lose all my monies!!! Crypto goes down this time period for many years now. If people truly invested what they were willing to lose, this doesn't even make a dent.