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Started By
Message
re: Bitcoin all time high.
Posted on 3/4/24 at 9:44 am to Cosmo
Posted on 3/4/24 at 9:44 am to Cosmo
It's going to 200k. Extremely cyclical, repetitive nature
Ctrypto market which Bitcoin is 55% of total market cap
Late 2013: $20 bil
Late 2017: $700 bil
Late 2021: $3 trillion
Not saying it peaks in late 2025, seems kinda late with the gains it's had already. If it kept going up until late 2025, you'd see 500K+
I think it goes to 200k
Ctrypto market which Bitcoin is 55% of total market cap
Late 2013: $20 bil
Late 2017: $700 bil
Late 2021: $3 trillion
Not saying it peaks in late 2025, seems kinda late with the gains it's had already. If it kept going up until late 2025, you'd see 500K+
I think it goes to 200k
1
Posted on 3/4/24 at 9:44 am to Cosmo
This post was edited on 4/5/24 at 2:40 pm
Posted on 3/4/24 at 9:47 am to Grigio
Not to mention the US government will never allow "money" they can't control. They will kill it with the quickness.
I think they're letting it ride right now so they can learn from it while developing their own. "Close follower" strategy.
Gary Gensler, the SEC chief, is not bullish on it. That's a clue.
I think they're letting it ride right now so they can learn from it while developing their own. "Close follower" strategy.
Gary Gensler, the SEC chief, is not bullish on it. That's a clue.
Posted on 3/4/24 at 9:47 am to Longhorn Actual
quote:
Y'all haven't figured out yet that bitcoin/crypto tracks pretty closely to the market?
It's a speculative asset. When the market is roaring, the big funds don't mind buying big chunks and taking the gamble that it might go "to the moon."
When the market cools, they tighten up their balance sheets and the first thing to go is the speculative stuff.
You and I aren't moving the market, but they are buying/selling in chunks big enough to drive price up/down.
With how much you know about the price action, I'm assuming you're knee deep in btc?
Posted on 3/4/24 at 9:50 am to Longhorn Actual
quote:
Not to mention the US government will never allow "money" they can't control. They will kill it with the quickness.
What if I told you a 3 letter agency invented bitcoin?
Posted on 3/4/24 at 9:51 am to Deactived
quote:
With how much you know about the price action, I'm assuming you're knee deep in btc?
Quite the opposite. I stay away from it.
As with any other hype-driven investment (there are no fundamentals driving crypto currency...it does nothing) that is a combination of pump-and-dump and "the government might kill this at any time", when it all goes poof, a very few people will get really rich while everyone else is left holding the bag.
Posted on 3/4/24 at 9:52 am to Cosmo
Crypto would be 3x the market cap it is now if they didn't have such high damn fees, like 5% per transaction. In addition to certain coins being on Etherum network, BNB network, Solana network. Anyone who is over 40 probably has no clue how this works and how certain coins can only be bought on certain apps/sites or traded with certain other coins on it's particular network.
Posted on 3/4/24 at 9:55 am to Longhorn Actual
quote:
As with any other hype-driven investment (there are no fundamentals driving crypto currency...it
Who cares about fundamentals? You know when the price is going to go up or down. You already stated that and basically talked down to us about not knowing it.
quote:
when it all goes poof, a very few people will get really rich while everyone else is left holding the bag.
2.5 trillion market cap and every major bank is into it means it isn't going poof.
This isn't beanie babies like that retard Jon ham poster talked about
Posted on 3/4/24 at 9:57 am to Deactived
quote:
What if I told you a 3 letter agency invented bitcoin?
Well then it would be under their control and the point still stands.
It wouldn't shock me at all if it was developed to track dark money and/or launder money for themselves and their political allies without anyone being the wiser.
It's no secret who the FTX nerd and his parents were funneling money to.
Posted on 3/4/24 at 10:00 am to Deactived
quote:
Who cares about fundamentals? You know when the price is going to go up or down. You already stated that and basically talked down to us about not knowing it.
quote:
when it all goes poof, a very few people will get really rich while everyone else is left holding the bag.
2.5 trillion market cap and every major bank is into it means it isn't going poof.
This isn't beanie babies like that retard Jon ham poster talked about
If you believe in it, then buy it, sell it, or whatever you want to do. I don't give a shite.
Posted on 3/4/24 at 10:02 am to Longhorn Actual
quote:
I don't give a shite
You're in here with very strong opinions like you care a lot.
quote:
If you believe in it, then buy it, sell it, or whatever you want
I don't believe in it but I have a shite load of it. Just tell us plebs when to sell since you know when to
Posted on 3/4/24 at 10:07 am to Deactived
You sound sensitive.
I hope you get rich as hell from your shite load of crypto. No reason for me to root against you. I'm not into it, so you winning/losing on it has zero effect on me.
I hope you get rich as hell from your shite load of crypto. No reason for me to root against you. I'm not into it, so you winning/losing on it has zero effect on me.
Posted on 3/4/24 at 10:12 am to Longhorn Actual
Nah. I just love the people, that don't own crypto, coming into crypto threads telling others from their pedestal how I haven't figured out wtf is going on with crypto.
Posted on 3/4/24 at 10:13 am to Cosmo
I've made $3,000 on a MAGA coin. The MAGA TRUMP coin has gained 500x value in 6 months. It's aboslutely insane. I think that will keep going up with the election. I plan to sell week of election, probably will hit a high there.
This post was edited on 3/4/24 at 10:24 am
Posted on 3/4/24 at 10:19 am to Cosmo
I held on to Dogecoin from the crypto craze during the pandemic and it had a jump last week so I sold 75% of what I had, I am waiting for it to fall below what I sold it at so I can buy more.
The problem when the crypto craze hit there were all kind of coins being created, that's when I sold what I had (except the doge I held on to) because there was no way all of those coin projects were going to survive and a lot of money would be lost (think Gamecoin). But Doge and Bitcoin were being accepted as currency. The Dallas Mavs allowed people to buy tickets and merchandise with Dogecoin.. So now I am just going to buy when low, sell when high and maybe at some point the price will shoot up and I will have a nice little collection saved it.
At one point it had gone up to around $0.70 cents. On October 11, 2023 it was at $0.05.. Not its at $0.18
The problem when the crypto craze hit there were all kind of coins being created, that's when I sold what I had (except the doge I held on to) because there was no way all of those coin projects were going to survive and a lot of money would be lost (think Gamecoin). But Doge and Bitcoin were being accepted as currency. The Dallas Mavs allowed people to buy tickets and merchandise with Dogecoin.. So now I am just going to buy when low, sell when high and maybe at some point the price will shoot up and I will have a nice little collection saved it.
At one point it had gone up to around $0.70 cents. On October 11, 2023 it was at $0.05.. Not its at $0.18
Posted on 3/4/24 at 10:21 am to Deactived
quote:
. I just love the people, that don't own crypto, coming into crypto threads telling others from their pedestal how I haven't figured out wtf is going on with crypto.
It's jealousy, plain and simple, no matter how much they'll tell you otherwise. Tons and tons of people are making very real money buy simply buying BTC and holding it, so those that have been too stubborn or unwilling to join the fray sit back from the sidelines and try to downplay it as unsafe, or a tulip craze, or about to be shut down aaaaaany day now by the govt, etc.
Posted on 3/4/24 at 10:27 am to Deactived
Some people own crypto.
(Possibly) You ---> Some people don't know anything about it and own it anyway.
(Benefit of the doubt) You ---> Some people understand crypto and choose to own it.
Some people don't own crypto.
Some people don't own crypto because they don't know anything about it.
Me ---> Some people don't own crypto because they DO understand it and choose not to own it.
My holistic assessment of it (crypto itself, the politics involved, economics, and the overall markets) tell me it's not an investment, but rather a gamble. A few people will get rich as hell from it, and like with similar situations, everyone will hear about those instances and think it's going to happen to them too.
Only some people who get rich off of it (net worth) will be able to spend it. Some will be holding net worth they can't actually spend and possibly can't even borrow against.
NFTs were a "store of value" too, but good luck finding the next sucker who wants to exchange actual $$ for your digital monkey. Better hope you're not the last one trying to get someone to give you dollars for your Bitcoin. Otherwise, you'll just have "$X,XXX,XXX worth of Bitcoin", which is useless.
But once again, you winning doesn't mean I lose - because I'm not in the game. So I (truly) hope you are one of the few who hit the jackpot.
(Possibly) You ---> Some people don't know anything about it and own it anyway.
(Benefit of the doubt) You ---> Some people understand crypto and choose to own it.
Some people don't own crypto.
Some people don't own crypto because they don't know anything about it.
Me ---> Some people don't own crypto because they DO understand it and choose not to own it.
My holistic assessment of it (crypto itself, the politics involved, economics, and the overall markets) tell me it's not an investment, but rather a gamble. A few people will get rich as hell from it, and like with similar situations, everyone will hear about those instances and think it's going to happen to them too.
Only some people who get rich off of it (net worth) will be able to spend it. Some will be holding net worth they can't actually spend and possibly can't even borrow against.
NFTs were a "store of value" too, but good luck finding the next sucker who wants to exchange actual $$ for your digital monkey. Better hope you're not the last one trying to get someone to give you dollars for your Bitcoin. Otherwise, you'll just have "$X,XXX,XXX worth of Bitcoin", which is useless.
But once again, you winning doesn't mean I lose - because I'm not in the game. So I (truly) hope you are one of the few who hit the jackpot.
Posted on 3/4/24 at 10:35 am to Longhorn Actual
I treat it as a gamble. I also know it's here to stay. 99% of the coins are absolute trash. The vast majority of the crypto space as far as social media goes are poor people trying to hit the 'moon' shot.
Nfts were never a store of value. I own a lot of nfts and the general consensus was/is that it's a very niche market in a very risky investment field. Like crypto, 99% are complete trash. I got lucky and got in early on a blue chip nft but mostly everything else has been a miss. Nfts do have their place though in the market.
This line of thinking for btc should be long gone. This is also preaching from your pedestal again.
quote:
NFTs were a "store of value" too
Nfts were never a store of value. I own a lot of nfts and the general consensus was/is that it's a very niche market in a very risky investment field. Like crypto, 99% are complete trash. I got lucky and got in early on a blue chip nft but mostly everything else has been a miss. Nfts do have their place though in the market.
quote:
Better hope you're not the last one trying to get someone to give you dollars for your Bitcoin. Otherwise, you'll just have "$X,XXX,XXX worth of Bitcoin", which is useless.
This line of thinking for btc should be long gone. This is also preaching from your pedestal again.
Posted on 3/4/24 at 10:36 am to Longhorn Actual
quote:
But once again, you winning doesn't mean I lose - because I'm not in the game. So I (truly) hope you are one of the few who hit the jackpot.
I'm curious about your thoughts on Blackrock and Fidelity recommending individuals incorporate crypto into their portfolios.
Posted on 3/4/24 at 10:40 am to OweO
quote:
I held on to Dogecoin from the crypto craze during the pandemic and it had a jump last week so I sold 75% of what I had, I am waiting for it to fall below what I sold it at so I can buy more.
Paper Hands
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