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Message
Looking for Bitcoin info
Posted on 1/8/21 at 7:59 am
Posted on 1/8/21 at 7:59 am
Where is best place to go to learn about it?
Do you think it will replace the dollar?
Where do people accept it now for goods like TV’s etc etc.
Do you think it will replace the dollar?
Where do people accept it now for goods like TV’s etc etc.
15
Posted on 1/8/21 at 8:05 am to Uncs
quote:
Do you think it will replace the dollar?
Maybe, but not anytime soon
Posted on 1/8/21 at 8:06 am to Uncs
If you’re buying Bitcoin to use it in everyday transactions you are doing it wrong. Would you use a gold bar to buy a tv or goods??
This post was edited on 1/8/21 at 8:07 am
Posted on 1/8/21 at 8:07 am to Uncs
(no message)
This post was edited on 12/21/21 at 1:22 pm
Posted on 1/8/21 at 8:11 am to Uncs
It's a stock currency, not a spend currency.
The truth is that while everyone is on a crypto buying trend, you need to get in but when it crashes, it will crash big. That being said, it seems that just now people are starting to get into it for real so there could be years and years of this buying trend to come.
The truth is that while everyone is on a crypto buying trend, you need to get in but when it crashes, it will crash big. That being said, it seems that just now people are starting to get into it for real so there could be years and years of this buying trend to come.
Posted on 1/8/21 at 8:12 am to Uncs
quote:
Do you think it will replace the dollar?
no much more likely to replace gold as an recession defense and inflation defensive play/
quote:
Where do people accept it now for goods like TV’s etc etc.
Paypal accepts it so anywhere you can pay there. But I would say if you are paying with bitcoin you are doing it incorrectly. Don't look at it as a currency, look at it as an investment.
Probably late to get in on it right now, but it will bottom out in a few months to around 10-15k, wait for it to bottom and stabilize, roughly a month or so at the same price and buy it, it will double or so in price from that point through 2023. Make sure you get in a few months before bitcoin "Halfs" again in 2024. The Halving events are what most of the crypto investors have thought to be the catalyst in the surges in 2013, 2017, and the current surge.
Posted on 1/8/21 at 8:16 am to Landmass
Check the subreddit r/BitcoinBeginners
Lots on here don’t like Bitcoin, but my net worth has increase by 300k in the last two months because of it.
Also look at the OTC traded Bitcoin Trust - GBTC. It’s easier to buy but obviously real Bitcoin is necessary when the Dollar collapses
Lots on here don’t like Bitcoin, but my net worth has increase by 300k in the last two months because of it.
Also look at the OTC traded Bitcoin Trust - GBTC. It’s easier to buy but obviously real Bitcoin is necessary when the Dollar collapses
Posted on 1/8/21 at 8:18 am to Stuckinthe90s
quote:
Probably late to get in on it right now, but it will bottom out in a few months to around 10-15k, wait for it to bottom and stabilize, roughly a month or so at the same price and buy it, it will double or so in price from that point through 2023.
You don’t know any of that and shouldn’t be giving it as advice. If you want to add an ‘in my opinion’, that would be one thing but sitting on the sidelines 2 months ago would have been a huge mistake and you likely would have said the same thing then.
This post was edited on 1/8/21 at 8:19 am
Posted on 1/8/21 at 8:21 am to Stuckinthe90s
quote:
Probably late to get in on it right now, but it will bottom out in a few months to around 10-15k, wait for it to bottom and stabilize, roughly a month or so at the same price and buy it, it will double or so in price from that point through 2023.
There is no guarantee of this. A CitiBank analyst has a price target of 330k by the end of the year and then maybe it bottoms to 60k?
Forbes
No one knows, that’s why dollar cost averaging is the smart way to proceed.
Posted on 1/8/21 at 8:26 am to Stuckinthe90s
quote:False
Probably late to get in on it right now,
Posted on 1/8/21 at 9:23 am to Uncs
quote:Preston Pysh, Anthony Pompliano, Michael Saylor are 3 great minds on twitter you should follow. Preston Pysh does some incredible podcasts that you should listen to.
Where is best place to go to learn about it?
quote:I don't personally think so
Do you think it will replace the dollar?
quote:I'm sure there are plenty online merchants accepting it but using it as a currency isn't its purpose right now. Replacing Gold as a store of wealth and hedge against inflation is its purpose.
Where do people accept it now for goods like TV’s etc etc.
Posted on 1/8/21 at 9:24 am to Stuckinthe90s
quote:
Probably late to get in on it right now, but it will bottom out in a few months to around 10-15k
oh boy
Posted on 1/8/21 at 9:25 am to Stuckinthe90s
quote:We will never see 10-15k prices again.
Probably late to get in on it right now, but it will bottom out in a few months to around 10-15k, wait for it to bottom and stabilize,
Posted on 1/8/21 at 9:25 am to Vastmind
quote:..
on here don’t like Bitcoin, but my net worth has increase by 300k in the last two months because of it.
congrats
Posted on 1/8/21 at 9:44 am to TigerTatorTots
quote:that is how i am using it
hedge against inflation is its purpose.
Posted on 1/8/21 at 9:52 am to Uncs
ah yes, "analysts" on wall street stating bitcoin can go up to $x when there is no legal recourse for pump and dump when it comes to bitcoin
if i were a big shot at a major investment bank of course i'd buy a shite ton of bitcoin and pump the shite out of it, that's like printing your own money
if i were a big shot at a major investment bank of course i'd buy a shite ton of bitcoin and pump the shite out of it, that's like printing your own money
Posted on 1/8/21 at 9:57 am to DVinBR
Looking back at 2017 btc run and January 2017 btc was less than $1k, and at end of December it was $20k and there were way more people thinking it was a scam and hardly any institutions buying any
This one feels different, the pumps aren’t coming from a bunch soy computer geeks playing call of duty. Everyone is asking about Bitcoin
This one feels different, the pumps aren’t coming from a bunch soy computer geeks playing call of duty. Everyone is asking about Bitcoin
Posted on 1/8/21 at 10:17 am to Uncs
It’s probably too late to start buying BTC if your intent is to hold it for a year or two and flip it for huge gains. I leaned my lesson in 2016-2017 and waited to take large positions in crypto when the market was in absolute despair and the irrational selling seemed to be at an end (March-May 2020). Crypto seems to be following a logarithmic regression trend-line with periodic cycles lasting 2-4 years. My suggestion would be to wait for this cycle to complete and start dollar cost averaging in when everyone loses interest again 1-2 years from now.
Posted on 1/8/21 at 10:26 am to Ron Cheramie
quote:
Everyone is asking about Bitcoin
So was everyone in 2017. My grandmother bought bitcoin back then, my parents too
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