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re: It’s time to revisit Bitcoin potential. Where do you think it’s going?
Posted on 2/11/21 at 10:01 pm to jimbeam
Posted on 2/11/21 at 10:01 pm to jimbeam
quote:
i don’t think corporations are buying bitcoin hundreds of millions of dollars at a time with the intention of using it as currency
What will they use it as? Legitimately curious.
I know the people at those companies are a lot smarter than I am, but what other reason would they hold on to it if not for it being a currency?
1
Posted on 2/11/21 at 10:04 pm to DallasTiger11
1mil isnt out the realm of things in the future as crypto IS the future. Paper money is about to be thrown to the wayside. How long will it take to hit that mil mark? even half a mil?
Is it worth the investment? I'd have to say it is. And its possible it hits the moon very quickly. I just dont know much about it, how to use coinbase or storing it in a cold wallet and forgetting about it. 1/4 bitcoin $10k on the hopes of $250k I'd say isnt that far-fetched and quite possibly worth the risk. If gold jumped form $350 in mid 80s to almost $2k now? Crypto can def hit the million dollar mark.
Is it worth the investment? I'd have to say it is. And its possible it hits the moon very quickly. I just dont know much about it, how to use coinbase or storing it in a cold wallet and forgetting about it. 1/4 bitcoin $10k on the hopes of $250k I'd say isnt that far-fetched and quite possibly worth the risk. If gold jumped form $350 in mid 80s to almost $2k now? Crypto can def hit the million dollar mark.
Posted on 2/11/21 at 10:28 pm to stuntman
quote:They have already stated they are purchasing bitcoin as a reserve asset on their balance sheet to preserve purchasing power (aka hedge against inflation)
What will they use it as? Legitimately curious.
Posted on 2/11/21 at 10:36 pm to TigerTatorTots
Thanks. 
Posted on 2/11/21 at 10:47 pm to TigerTatorTots
Amazing when I talk to people about BTC and large companies buying it up. They think these companies are trading the asset. Let me tell you these companies aren't having board meetings discussing buying BTC at 30k and selling at 50K a month later. They are looking 10+ years out. Multi Billion dollar companies aren't trading BTC lol
I always end the convo with wait until apple facebook google join
I always end the convo with wait until apple facebook google join
Posted on 2/11/21 at 10:59 pm to 13SaintTiger
some say 500k others say 1m probably still a good time to get in the game.
Posted on 2/11/21 at 11:03 pm to 13SaintTiger
it will have a $100T market cap eventually and then we can reevaluate
Posted on 2/11/21 at 11:05 pm to DallasTiger11
a few weeks ago, slackster was on the OT lounge saying that someone could just create a new bitcoin someday - in other words he has no idea what he is talking about - he is also a financial advisor whose entire livelihood is being replaced by digital assets and decentralized banking
Posted on 2/12/21 at 1:03 am to rocket31
quote:
a few weeks ago, slackster was on the OT lounge saying that someone could just create a new bitcoin someday - in other words he has no idea what he is talking about - he is also a financial advisor whose entire livelihood is being replaced by digital assets and decentralized banking
, you simple man. I said nothing stops JPMorgan from making their own alt coin. Care to explain why I’m wrong?
This post was edited on 2/12/21 at 1:08 am
Posted on 2/12/21 at 1:07 am to jimbeam
quote:What if you would have DCAd into TSNP?
Now do the math if you DCAd into BTC over the last 3 years since the BTC peak
This post was edited on 2/12/21 at 1:07 am
Posted on 2/12/21 at 1:15 am to 13SaintTiger
Bitcoin would be used as a currency if the government would treat it like a currency and not tax it like a property with capital gains. If they would do that at least for small transactions like $600 or less, the price of Bitcoin would skyrocket an order of magnitude faster than it is now.
Posted on 2/12/21 at 3:42 am to slackster
quote:
I said nothing stops JPMorgan from making their own alt coin. Care to explain why I’m wrong?
no you didnt, you said whats stopping someone from recreating another bitcoin, big difference there
and sure jpmorgan might create an alt, nearly anyone can, who cares, it would not have the same intangibles as bitcoin
Posted on 2/12/21 at 3:46 am to 98eagle
quote:
Bitcoin would be used as a currency
if youre spending bitcoin over fiat as a currency you need your head examined
owning bitcoin is like owning beachfront property in malibu in the 1960s, except most people are not smart enough to realize it ...yet
This post was edited on 2/12/21 at 3:53 am
Posted on 2/12/21 at 4:47 am to 13SaintTiger
$125k by EOY
Posted on 2/12/21 at 5:00 am to ATLsuTiger
100 billion
Posted on 2/12/21 at 5:43 am to tduecen
quote:
100 billion
I would've thought you'd be shooting for the stars instead ofthe clouds? Such a low and tangible number. You can do better
Posted on 2/12/21 at 6:20 am to 13SaintTiger
Most everyone thinks its going up. I will use it when it serves my purpose.
The part that bothers me is the lack of well thought out long term predictions. I've watched interviews with some bright minds who all agree 100+ short term.
But what happens in 10 years? What if someone makes a better coin? Bill gates talked about this in an interview once.
Is something better possible? What would happen to BTC value?
The part that bothers me is the lack of well thought out long term predictions. I've watched interviews with some bright minds who all agree 100+ short term.
But what happens in 10 years? What if someone makes a better coin? Bill gates talked about this in an interview once.
Is something better possible? What would happen to BTC value?
This post was edited on 2/12/21 at 6:26 am
Posted on 2/12/21 at 6:26 am to down time
The only thing that will potentially kill Bitcoin is the Fed and their soon to be released coin (testing of code is already underway).
They’ve already set the stage by saying it’s used for funding terrorism and it needs to “be looked at”.
They will delegitimize Bitcoin however they can, even if that only means starting UBI (or the 5th “stimulus”) via fedcoin, instead of passing direct legislation against decentralized currency
They’ve already set the stage by saying it’s used for funding terrorism and it needs to “be looked at”.
They will delegitimize Bitcoin however they can, even if that only means starting UBI (or the 5th “stimulus”) via fedcoin, instead of passing direct legislation against decentralized currency
Posted on 2/12/21 at 6:37 am to wileyjones
The next question is when to get more BTC?
My thought was buy as I needed it, but then I miss out if it does go 500% higher.
My thought was buy as I needed it, but then I miss out if it does go 500% higher.
Posted on 2/12/21 at 6:40 am to thatguy777
The filing by musk said it could be a short term or long term hold
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