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re: Bitcoin - how high?
Posted on 9/22/25 at 7:54 pm to TigerTatorTots
Posted on 9/22/25 at 7:54 pm to TigerTatorTots
Yep because you ignore the risks.
You are here to create the illusion that people are missing out. That’s how this works. Hit the boards, and social media and create FOMO.
You ignore periods like when Bitcoin went way down from April to may of 2021 (60,000 to 35,000) and again from Oct 21 to November 2022 (61,000 to 16,000) and again from January to April of this year. (105,000 to 76,000)
It’s massively risky but you continue to try to convince us that this currency has some sort of measurable instrinsic value.
It doesn’t.
It’s a neat idea. It plays into the get rich quick mentality for people who want to believe. It’s a story as old as investing.
You are here to create the illusion that people are missing out. That’s how this works. Hit the boards, and social media and create FOMO.
You ignore periods like when Bitcoin went way down from April to may of 2021 (60,000 to 35,000) and again from Oct 21 to November 2022 (61,000 to 16,000) and again from January to April of this year. (105,000 to 76,000)
It’s massively risky but you continue to try to convince us that this currency has some sort of measurable instrinsic value.
It doesn’t.
It’s a neat idea. It plays into the get rich quick mentality for people who want to believe. It’s a story as old as investing.
3
Posted on 9/22/25 at 7:55 pm to UltimaParadox
quote:
some sort of store of value with zero use case
I see a contradiction
Posted on 9/22/25 at 8:46 pm to Amblin
Think I might cash out when it crashes to 5 million
Posted on 9/22/25 at 9:25 pm to Yeti_Chaser
I just saw this meme and it reminded me of this thread. 
Posted on 9/22/25 at 9:57 pm to Sho Nuff
quote:
quote:
David_DJS
You'd think that would be the end of him in this thread, but I'm sure he'll be back to ask more "questions".
yup. you called it
Posted on 9/22/25 at 10:25 pm to SlidellCajun
Buying Bitcoin is risky but not owning any for the future is even more risky..
Prime example:
His allure of Bitcoin, but skepticism instead of accumulating after all these years is eating him alive inside for which he needs to chime in on every Bitcoin thread.
Prime example:
quote:
SlidellCajun
His allure of Bitcoin, but skepticism instead of accumulating after all these years is eating him alive inside for which he needs to chime in on every Bitcoin thread.
Posted on 9/23/25 at 1:22 am to Amblin
As long as people have a desire to try to turn their US dollars into more US dollars, Bitcoin will have the potential to increase in value.
I don’t think it will ever completely crash because it is not a company and good ole pseudonym Satoshi Nakamoto ain’t going to pull the plug on this foo-foo fairy dust made up currency.
If it ever starts to crash again like it has in the past I think people will just start buying back into it at some point because they believe it will go back up in value.
This is not like a publicly traded company that can eventually go bankrupt and the stock render worthless. It’s just a made up “cryptocurrency” created out of thin air with an exchange rate to the US dollar.
I don’t think it will ever completely crash because it is not a company and good ole pseudonym Satoshi Nakamoto ain’t going to pull the plug on this foo-foo fairy dust made up currency.
If it ever starts to crash again like it has in the past I think people will just start buying back into it at some point because they believe it will go back up in value.
This is not like a publicly traded company that can eventually go bankrupt and the stock render worthless. It’s just a made up “cryptocurrency” created out of thin air with an exchange rate to the US dollar.
Posted on 9/23/25 at 7:43 am to Odinson
quote:
Buying Bitcoin is risky but not owning any for the future is even more risky..
100% untrue
I have several real investments that are that have outperformed bitcoin.
And btw, I also own bitcoin; and gold and lots of things.
I don’t have any use for it and neither do you or anyone else on this board. But I have investment FOMO just like you and everyone interested or ownership in Bitcoin.
This post was edited on 9/23/25 at 2:59 pm
Posted on 9/23/25 at 9:09 am to SlidellCajun
quote:
But I have investment FOMO just like you and everyone.
It’s obvious with your derailment of every Bitcoin thread.
My investments are well diversified including BTC since 2016. My bags are loaded with BTC and no longer have fomo.
ETA:
quote:
And btw, I also own bitcoin
You bought .01 BTC at $85k lol
This post was edited on 9/23/25 at 9:13 am
Posted on 9/23/25 at 9:52 am to SlidellCajun
quote:Bitcoin is the most secure network in the world. Its more secure than any super computer. Existing quantum computers can't hack it and it will take an astronomical amount of money and research to get a quantum computer with single processors with enough qubits to hack the existing protocol. Bitcoin coders can implement quantum computer resistant code in soft forks to stay ahead of any threat
It’s massively risky but you continue to try to convince us that this currency has some sort of measurable instrinsic value.
It doesn’t.
There is massive value in being the most secure network in the world.
This post was edited on 9/23/25 at 9:53 am
Posted on 9/23/25 at 10:22 am to 98eagle
quote:
There is massive value in being the most secure network in the world.
Probably. Personally, I’m satisfied with the secret service ensuring the integrity of my dollars and visa insuring them from bandits.
Posted on 9/23/25 at 11:29 am to lsuconnman
I was just pointing out that Bitcoin has intrinsic value. Some of the detractors think that Bitcoin has no underlying value. It's scarce, it's the most transparent ledger and most secure network in the world. I like the US dollars as well, I mean I spend plenty of them every month and hopefully the US dollar will stop becoming less valuable every year like it has historically. Meanwhile, Bitcoin keeps rising in value long term withstanding frequent volatility and prolonged uptrends, downtrends and sideways price action.
Posted on 9/23/25 at 11:49 am to Odinson
quote:This. Life is risky. The state of our monetary situation is iffy at best. The S&P can get VERY risky much quicker than people want to believe. That’s not to say you shouldn’t own plenty of it too.
Buying Bitcoin is risky but not owning any for the future is even more risky..
The pervasive mispricing of risk in the financial markets sold to you by the financial institutions is actually a huge part of Bitcoin’s value proposition.
Posted on 9/23/25 at 2:38 pm to lsuconnman
quote:
Personally, I’m satisfied with the secret service ensuring the integrity of my dollars and visa insuring them from bandits
The Secret Service can't do anything about fedgov spending. Is there a bigger/more successful group of bandits in world history than the US federal gov't?
Posted on 9/23/25 at 2:49 pm to SlidellCajun
quote:what happened if you...hear me out, just held when that happened?
You ignore periods like when Bitcoin went way down from April to may of 2021 (60,000 to 35,000) and again from Oct 21 to November 2022 (61,000 to 16,000) and again from January to April of this year. (105,000 to 76,000)
Posted on 9/23/25 at 3:01 pm to Tiger4life306
quote:
It’s just a made up “cryptocurrency” created out of thin air with an exchange rate to the US dollar.
And what’s ironic is that there is a strong vein of hatred for the USD yet it’s the USD that Bitcoin holders trade for when they want to “cash out”
lol
Posted on 9/23/25 at 3:26 pm to SlidellCajun
Bitcoin is the CrossFit of currencies
Posted on 9/23/25 at 4:02 pm to Odinson
quote:
His allure of Bitcoin, but skepticism instead of accumulating after all these years is eating him alive inside
lol
I own bitcoin, microstrategy and an ETF that holds bitcoin. I am not immune to FOMO trading and despite my skepticism, I’m not going to ignore the FOMO.
I also own gold.
And fwiw, I have investments that done much better than bitcoin.
Another quick question- if you could, would you want to own all of bitcoin?
Posted on 9/23/25 at 4:29 pm to castorinho
quote:
what happened if you...hear me out, just held when that happened?
It’s a fair question and one that only favors your position in hindsight.
The volatility of bitcoin is both what makes it a worthwhile trade and what makes it a horrible currency.
I’m going to be honest here but I own it based on the greater fool theory. It only works if there’s people like you. So in all honesty, I’m a bit conflicted as I both own and cast aspersions. But this sight isn’t going to move telhe needle on it so no real worries to my position.
To answer your question- I got I at an average of @75,000 and have done well as a trade.
My objective is to put cold water on the Pollyanna claims like have been thrown around on this thread and others where only upside is displayed with little caution. I’m the voice of caution.
Bottom line for me-
Own it but be real careful and be honest as to why you own it. If you think it’s going to be a replacement for the USD, think it through. If you think it’s going to catch on as a viable currency for our everyday lives, iron out the volatility concerns. If you think it’s just a Store of Value, ask whether there are other places less risky…
I’m older than a lot of you and while you think that’s a fault, I disagree. I went through some thru some trying times financially. I have seen some smart folks try to make sense of things that didn’t make sense. I’ve seen large institutions make horrible decisions with other peoples money. Experience matters.
This post was edited on 9/23/25 at 7:58 pm
Posted on 9/23/25 at 4:30 pm to castorinho
quote:For real - I rode through every single one of those events and also add the $20k to $3k event in 2018. My net worth has done so much better that I have stayed in BTC than if I was in SP500 or traditional investments. No one is forcing you to sell when the swings happen
what happened if you...hear me out, just held when that happened?
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