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@jrcornel
81
Where cryptocurrency and finance meet
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Down by the River
Website
https://leofinance.io/@jrcornel
Created
2016-07-26 19:12
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jrcornel
LeoFinance
6y
RE: Even with the drop today, Bitcoin still on pace to hit $100k by the Summer
On that note though, a future that involves UBI is all but inevitable. Technology is advancing at a far faster rate than new job creation. We have an increasing population with fewer and fewer jobs in
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jrcornel
LeoFinance
6y
RE: Even with the drop today, Bitcoin still on pace to hit $100k by the Summer
If you've ever seen the movie The Time Machine, you would know it was said in jest...
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jrcornel
LeoFinance
6y
RE: Don't worry, this isn't likely the end of the Bull Market in Bitcoin...
I hadn't realized it went over 20%, that is interesting. There is no guarantee how long the correction will last or how low it will go. Some only lasted a week or two while others lasted multiple weeks
jrcornel
LeoFinance
6y
RE: Even with the drop today, Bitcoin still on pace to hit $100k by the Summer
Oh no I know you are not the only person saying it, and I don't think you are idiot at all. I just don't buy it happening, at certainly not withing the next decade. Though if everyone is given a basic
jrcornel
LeoFinance
6y
RE: Don't worry, this isn't likely the end of the Bull Market in Bitcoin...
January 3rd didn't drop by 22% in less than 24 hours... apples and oranges
jrcornel
LeoFinance
6y
RE: Even with the drop today, Bitcoin still on pace to hit $100k by the Summer
If "they" don't let you have your own money, not sure how exactly you think they are going to let you have altcoins... irregardless going down your rabbit hole, how exactly does an economy operate
jrcornel
LeoFinance
6y
RE: Even with the drop today, Bitcoin still on pace to hit $100k by the Summer
There's too much cash out there and more coming. Stocks are going to keep going higher and so will crypto.
jrcornel
LeoFinance
6y
RE: MicroStrategy completes $1 billion purchase of Bitcoin at $52.7k and confirms they are going to keep buying more!
On CNBC today they were saying that the banks may be the next corporations to start holding bitcoin...
jrcornel
LeoFinance
6y
RE: Don't worry, this isn't likely the end of the Bull Market in Bitcoin...
The correction you are referring to wasn't even a correction. I suspect this correction will be similar to the prior correction in January.
jrcornel
LeoFinance
6y
RE: MicroStrategy completes $1 billion purchase of Bitcoin at $52.7k and confirms they are going to keep buying more!
BTFD!
jrcornel
LeoFinance
6y
RE: MicroStrategy completes $1 billion purchase of Bitcoin at $52.7k and confirms they are going to keep buying more!
Yea, probably. He's openly admitting he's turned his stock into a bitcoin holding vehicle. I'm sure there are many out there that won't like that...
jrcornel
LeoFinance
6y
RE: Don't worry, this isn't likely the end of the Bull Market in Bitcoin...
Yep, it would. Though it may not even get that low. We shall see.
jrcornel
LeoFinance
6y
RE: Don't worry, this isn't likely the end of the Bull Market in Bitcoin...
I suspect it will play out just like it did in early January. Take several weeks of consolidation before ultimately breaking out again to the upside.
jrcornel
LeoFinance
6y
RE: MicroStrategy completes $1 billion purchase of Bitcoin at $52.7k and confirms they are going to keep buying more!
Nope, they already bought. But in the long run they are removing supply from Exchanges so that when demand does come in, there won't be as much on Exchanges to slow the price down.
jrcornel
LeoFinance
6y
RE: Don't worry, this isn't likely the end of the Bull Market in Bitcoin...
Exactly, but most still won't. They will be waiting for lower and lower and lower that never comes.
jrcornel
LeoFinance
6y
RE: Even with the drop today, Bitcoin still on pace to hit $100k by the Summer
I just keep my head in the sand and follow the green pill (money pill).
jrcornel
LeoFinance
6y
RE: Even with the drop today, Bitcoin still on pace to hit $100k by the Summer
Sounds like FUD to me. There won't be any massive market crashes any time soon.
jrcornel
LeoFinance
6y
RE: Don't worry, this isn't likely the end of the Bull Market in Bitcoin...
Si. I think it happens by July of this year.
jrcornel
LeoFinance
6y
RE: Don't worry, this isn't likely the end of the Bull Market in Bitcoin...
Yea, it certainly can if you don't understand what is going on. However, if you have an idea what is going on you can take advantage of the opportunities.
jrcornel
LeoFinance
6y
RE: Don't worry, this isn't likely the end of the Bull Market in Bitcoin...
I think it will end up being a normal type of correction, lasting several weeks, but it may not go down the full 30%. So far we have seen a 22% drop. I think we likely chop around for the next several
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