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Started By
Message
1
Posted on 1/8/21 at 10:30 am to Fox McCloud
Can’t wait
Posted on 1/8/21 at 10:36 am to jimbeam
fox told us it would crash at 30k
one week later he's wrong by over 11 thousand dollars. ouch
one week later he's wrong by over 11 thousand dollars. ouch
Posted on 1/8/21 at 10:40 am to rocket31
quote:
one week later he's wrong by over 11 thousand dollars. ouch
11k in a week is pretty absurd
This post was edited on 1/8/21 at 10:43 am
Posted on 1/8/21 at 10:47 am to rocket31
I told you I wasn’t positive of a price target. It’s not like anything else, it will crash and will crash hard when it does.
Posted on 1/8/21 at 10:49 am to Fox McCloud
oh sweet. let us know when it hits that price target.
Posted on 1/8/21 at 10:57 am to rocket31
It’s a bubble, keep spamming every board trying to get people to buy Bitcoin so your .1 Btc can go up in value.
Posted on 1/8/21 at 11:06 am to Fox McCloud
I own zero bitcoins bud ...lost them all in boating accident
Posted on 1/8/21 at 12:25 pm to Fox McCloud
quote:
It’s a bubble,
its not a bubble, its a hedge against inflation. every time the us printer goes off, BTC has been running. Sure there will be a market pull back of 25% or so and then another run.
if you think its a bubble you havent been paying attention the last decade. I listened to dumbasses like you in 12 & 13 and and have lost millions in the process
45k will eb a small wall as will 50k , but mark my words, by the end of Bidens first term, BTC will be 150K+ and 300k by the end of the decade
Posted on 1/8/21 at 2:23 pm to lsu777
Lots of haters on this thread. If things keep going absurdly I might retire by the end of the year at 47.
Posted on 1/8/21 at 2:47 pm to Vastmind
quote:
Lots of haters on this thread. If things keep going absurdly I might retire by the end of the year at 47.
To steal a line from 50 Cent, "If the ****s hate then let 'em hate and watch the money pile up"
Now, where is my bottle of bub?
Posted on 1/8/21 at 3:12 pm to LSU2a
quote:The problem here is you run the risk of this running to $200k before "crashing" all the way back down to $50k. Big difference now vs previous halvening cycles is now you have companies and major funds holding it as a reserve asset. Those coins aren't going to be traded like weak hand individual investors. Perhaps that puts an artificial floor where it doesn't crash or pulls back 50% vs the previous 75-80% pullbacks.
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 3:34 pm to TigerTatorTots
Bingo
Posted on 1/8/21 at 3:44 pm to Fox McCloud
quote:
It’s not like anything else, it will crash and will crash hard when it does.
Wow dude you really went out on a limb with this call. It’s only happened every single bull cycle
Posted on 1/8/21 at 4:02 pm to Uncs
it will not replace the dollar, there will be a digital dollar when the government bends to the pressure
Posted on 1/8/21 at 4:22 pm to SUG
a digital dollar is coming in the next few years (I'm pretty positive there's already a proposed bill) but this digital usd will be still be based on fiat principles
bitcoin is hard money with a fixed supply. there is not really a comparison
bitcoin is hard money with a fixed supply. there is not really a comparison
This post was edited on 1/8/21 at 4:25 pm
Posted on 1/8/21 at 4:25 pm to Uncs
to all the pumpers around here, what can i do with bitcoin?
THAT's where a true valuation comes for something
Big questions:
Who accepts it?
What is the total value of the areas that accept it?
What is the difference between the value of the above and the market cap of bitcoin?
Am I only hoarding this with hopes that someone else will buy it with government backed fiat currency for a higher price than I payed?
People like to relate it to gold, and I don't like that
Gold:
Is a physical commodity, it has wide range of uses from electronics to jewelry.
It has backing by all governments of the world.
Doesn't rely on a network of computational power for it to work
THAT's where a true valuation comes for something
Big questions:
Who accepts it?
What is the total value of the areas that accept it?
What is the difference between the value of the above and the market cap of bitcoin?
Am I only hoarding this with hopes that someone else will buy it with government backed fiat currency for a higher price than I payed?
People like to relate it to gold, and I don't like that
Gold:
Is a physical commodity, it has wide range of uses from electronics to jewelry.
It has backing by all governments of the world.
Doesn't rely on a network of computational power for it to work
Posted on 1/8/21 at 4:27 pm to SUG
quote:Digital dollar does nothing really except reduce privacy of US citizens. At least now you can pay with cash if you want some privacy. The digital dollar will be no different than what we have today regarding monetary policy
it will not replace the dollar, there will be a digital dollar when the government bends to the pressure
Posted on 1/8/21 at 4:32 pm to DVinBR
It doesn't matter who accepts it or how many businesses accept it. That isn't its purpose. It is an alternative to gold. You don't ask what merchants accept gold before buying it as a wealth preservation tool do you?
quote:The value of its physical nature is a miniscule fraction of its price today. Something like 90% of gold's price is due to its wealth preservation properties.
Is a physical commodity, it has wide range of uses from electronics to jewelry.
quote:Nothing is backed by gold anymore except perhaps a handful of small currencies.
It has backing by all governments of the world.
quote:This is a benefit of bitcoin, not a negative. Next time you want to exchange your gold for something, what do you do? Where do you go for this? If you want to take over $10,000 with you abroad or back to the states, you carrying it in your luggage?
Doesn't rely on a network of computational power for it to work
Posted on 1/8/21 at 4:35 pm to TigerTatorTots
Haters gonna hate
Potaters gonna potate
Potaters gonna potate
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