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Message
re: Bitcoin - how high?
Posted on 9/21/25 at 7:20 pm to beaverfever
Posted on 9/21/25 at 7:20 pm to beaverfever
quote:
And I would caution people that bitcoin is an invasive species. Find it before it finds you.
Can you explain what this means?
1
Posted on 9/21/25 at 7:21 pm to Amblin
The big ride for this cycle has not even started yet take that for what it's worth could be a crazy 3 months to close the year off with BTC 
Posted on 9/21/25 at 7:31 pm to UltimaParadox
quote:
Original intended to be a means to buy drugs anonymously online, with a max throughout of 7 transactions per second.
Lol, that's not what satoshi intended it to be used for... nor was having it as a commodity/security regulated by the us government.
Posted on 9/21/25 at 7:39 pm to BamaCoaster
quote:It’s mathematical money so it exploits every weakness in our traditional financial systems. It’s a monetary virus that there isn’t a cure for. It will outlast us or our attention spans.
Can you explain what this means?
Anyone who has owned it for an extended period of time will tell you that it is a cheat code in life.
Posted on 9/21/25 at 7:46 pm to Amblin
Bitcoin is a slam dunk to go significantly higher over time in my opinion. I can confidently say it's just not going to go up in a straight line. The majority of Bitcoin investors are way too short sighted and can't handle months of sideways and negative price action, so many bail when that happens. Anyone who complains about Bitcoin's price action at any point in time in the short to mid term, just doesn't understand Bitcoin.
If you don't incrementally trade Bitcoin's dependable but unpredictable volatility, if you just accumulate on pullbacks and hold, you can't go wrong long term in my opinion. On a mid to long term downtrend, if you dollar cost average into falling prices, if you can change your mindset from "the sky is falling" to "wow I'm getting more Bitcoin (or Bitcoin related investments like ETFs) at even better lower prices", then historically you will be rewarded long term.
Just look at a yearly price chart over the past 1, 3 and 5 years. If you were to buy incremental Bitcoin or Bitcoin ETFs or derivatives once every month and hold long term (think 4 years or longer), you're going to buy relatively more on falling and downtrending Bitcoin price action and relatively less during Bitcoin price appreciation periods.
But most people just don't understand this. They want to FOMO into Bitcoin after Bitcoin is rising and when they see their investments in the red they tend to want to panic sell. So most in the herd buy high and sell low because they trade on emotion.
If you don't incrementally trade Bitcoin's dependable but unpredictable volatility, if you just accumulate on pullbacks and hold, you can't go wrong long term in my opinion. On a mid to long term downtrend, if you dollar cost average into falling prices, if you can change your mindset from "the sky is falling" to "wow I'm getting more Bitcoin (or Bitcoin related investments like ETFs) at even better lower prices", then historically you will be rewarded long term.
Just look at a yearly price chart over the past 1, 3 and 5 years. If you were to buy incremental Bitcoin or Bitcoin ETFs or derivatives once every month and hold long term (think 4 years or longer), you're going to buy relatively more on falling and downtrending Bitcoin price action and relatively less during Bitcoin price appreciation periods.
But most people just don't understand this. They want to FOMO into Bitcoin after Bitcoin is rising and when they see their investments in the red they tend to want to panic sell. So most in the herd buy high and sell low because they trade on emotion.
This post was edited on 9/21/25 at 7:55 pm
Posted on 9/21/25 at 7:48 pm to MoarKilometers
quote:Thats the whole point. Bitcoin doesn’t care how it’s used. It’s money for your enemies. And if the government could control bitcoin the that would mean that Satoshi had failed. He clearly didn’t.
Lol, that's not what satoshi intended it to be used for... nor was having it as a commodity/security regulated by the us government.
Posted on 9/21/25 at 7:55 pm to beaverfever
And it’s important for people who think they’re too late to know that is complete bullshite. You have to be a lunatic to diamond hand your way to 1000x gains the way really really early adopters did. Most of them got a 5x took a little off, got another 3x took more off the table etc. Eventually everyone says “damn I wish I still had all my bitcoin”.
The point is that no matter when you start, you’re going to be limited by your own ability to leave 10x gains on the table and not rebalance a bit and manage risk. And there is still another 100x left in the tank. So you either step up to the table and take your swing or you don’t.
The point is that no matter when you start, you’re going to be limited by your own ability to leave 10x gains on the table and not rebalance a bit and manage risk. And there is still another 100x left in the tank. So you either step up to the table and take your swing or you don’t.
This post was edited on 9/21/25 at 7:56 pm
Posted on 9/21/25 at 8:05 pm to UltimaParadox
quote:
Fomo, greater fool theory, and printing tether bucks out of thin air.
If you made money on this, you would be smart to cash out. Nothing backs this thing.
Original intended to be a means to buy drugs anonymously online, with a max throughout of 7 transactions per second.
It is now been manipulated to extracting dollars from retail as some sort of store of value with zero use case
Pure ignorance. I can’t fault you though. I was there once.
Posted on 9/21/25 at 8:12 pm to Amblin
Why did you buy it?
Posted on 9/21/25 at 8:16 pm to PhiTiger1764
quote:
Pure ignorance. I can’t fault you though. I was there once.
No it’s not. It’s literally what Bitcoin has and continues to be used for.
What do YOU use it for?
Posted on 9/21/25 at 8:25 pm to SlidellCajun
Well it looks like this thread has run its course. See everyone at the next bitcoin thread or in the actual bitcoin thread stickied at the bottom.
Posted on 9/21/25 at 9:05 pm to Amblin
Why would you sell an appreciating asset for a depreciating one? Look at the value of the dollar and the trajectory it has been on for the last 50+ years. People are noticing this, and are looking for an alternative.
Bitcoin gets a bad rap because of the volatility, but that is slowly changing with increase adoption. Bitcoin is talked about daily on all the business news outlets. Even our president “jokingly” said that he wants to pay the national debt using bitcoin, which I believe is possible by I creasing our reserves.
Down vote away, but the proof of Bitcoin being a long term investment has proved a lot of nay sayers wrong over the past 15 years.
Bitcoin gets a bad rap because of the volatility, but that is slowly changing with increase adoption. Bitcoin is talked about daily on all the business news outlets. Even our president “jokingly” said that he wants to pay the national debt using bitcoin, which I believe is possible by I creasing our reserves.
Down vote away, but the proof of Bitcoin being a long term investment has proved a lot of nay sayers wrong over the past 15 years.
Posted on 9/21/25 at 9:29 pm to mach316
quote:
Why would you sell an appreciating asset for a depreciating one? Look at the value of the dollar and the trajectory it has been on for the last 50+ years. People are noticing this, and are looking for an alternative.
I always love the comparison of Bitcoin to a dollar.
People don't hold dollars as an investment. Maybe that's why Bitcoin people are always so confused.
So I'm assuming you will never sell your Bitcoin for dollars. No matter what the cost... Because Bitcoin is so useful
This post was edited on 9/21/25 at 9:30 pm
Posted on 9/21/25 at 9:36 pm to UltimaParadox
You miss the entire point brother. Bitcoin is savings technology. You’re allowed to keep your money WITHOUT investing. I don’t want to gamble all the money I worked for. I just want real money that saves the value I earn through my labor.
Posted on 9/21/25 at 9:43 pm to beaverfever
quote:
You’re allowed to keep your money WITHOUT investing. I don’t want to gamble all the money I worked for.
quote:
Bitcoin is savings technology. You’re allowed to keep your money WITHOUT investing. I don’t want to gamble all the money I worked for. I just want real money that saves the value I earn through my labor.
So we are back to Bitcoin is a currency that can be exchanged for goods and services... That's fun. Let me know what you been buying with Bitcoin lately.
Also edited to make sure to capture the entire quote before edits. At a certain point do we just agree Bitcoin people are a cult
This post was edited on 9/21/25 at 9:46 pm
Posted on 9/21/25 at 9:47 pm to beaverfever
quote:Here is the entire message again. No edits.
You miss the entire point brother. Bitcoin is savings technology. You’re allowed to keep your money WITHOUT investing. I don’t want to gamble all the money I worked for. I just want real money that saves the value I earn through my labor.
Posted on 9/21/25 at 9:58 pm to UltimaParadox
quote:
So we are back to Bitcoin is a currency that can be exchanged for goods and services... That's fun. Let me know what you been buying with Bitcoin lately.
Also edited to make sure to capture the entire quote before edits. At a certain point do we just agree Bitcoin people are a cult
Reads like a post from 2017. Bitcoin was about 15k then.
You KEEP doing you brother
DRIVEMAN OUT
This post was edited on 9/21/25 at 9:59 pm
Posted on 9/21/25 at 10:03 pm to death valley driver
quote:
Reads like a post from 2017. Bitcoin was about 15k then.
You KEEP doing you brother
As I have said repeatedly the entire time I have posted on the money board.
Number go up doesn't give any legitimacy.
Madoff went for almost 40 years, MLM and other garbage still find suckers every day.
Bitcoin is such a massive waste of electricity is the icing on top of the shite sandwich.
Hard to feel sorry for people who lose money in crypto scams these days. But we can only hope that we don't use hard earned tax dollars to bail out these swindlers
This post was edited on 9/21/25 at 10:05 pm
Posted on 9/21/25 at 10:06 pm to UltimaParadox
quote:Bitcoiners don’t even run from this characterization.
At a certain point do we just agree Bitcoin people are a cult
Posted on 9/21/25 at 10:10 pm to UltimaParadox
I wouldn’t worry about any hard money needing a bailout from fiat. We both know it works the other way and it will happen again.
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