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Bitcoin
How high will bitcoin go? At the time of posting, 1BTC is $55,620.00.
Is anyone invested deeply in bitcoin?
Does the cryptocurrency market change how radiologists will manage finances in the future? -
630 Replies
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[link=https://www.auntminnie.com/Forum/tm.aspx?m=534448&high=cryptocurrencies]https://www.auntminnie.co…;high=cryptocurrencies[/link]
There is a pre-existing discussion on cryptocurrencies.-
Thank you dergon for linking the previous thread.
I was just curious because it seems that crypto is taking off in a way it hasn’t ever before.-
I bought about $10,000 of GBTC when it was a little over 40,000.
GBTC has a high expense ratio, but easy to access. I dont know much about buying it directly and this is more of a YOLO/moonshot so Im ok with that high ER.
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I got into bitcoin in a round about way. I actually dont believe in actually investing money directly into coin, but I do enjoy gaming and powerful computers so I been mining bitcoin with my computer.
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Ho hum only been talking about it for years here
keep not listening and naysaying
see you over 100k soon-
I dont have a cent in Bitcoin.
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There is a chance that bitcoin is going to replace gold as an alternative to the reserve currency-US dollar. It may replace the dollar in time. A lot of institutions are now buying it.
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That would be interesting.
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Quote from 67ED5CC042435
There is a chance the US peacefully dissolves in the next few weeks.
Bitcoin will not replace anything in the US. Digital currency almost certainly. But not Bitcoin.
Wanna bet some bitcoin (not dogecoin) that it will be the digital currency of choice in 5 years?!
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Are you going to pay when you lose?
Pieces of sheet
I bet the but coin guru on the election and he lost
He hasnt paid me yet
So dont run your mouth betting on something you dill never pay when you lose
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Quote from Chirorad84
Are you going to pay when you lose?
Pieces of sheet
I bet the but coin guru on the election and he lost
He hasnt paid me yet
So dont run your mouth betting on something you dill never pay when you lose
Still an unrepentant angry man, erad. Sit down blowhard, its a joke!
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Where is Bitcoin going? Lol as if anyone knows.
Im a believer of putting 1-5% net worth into it. I use it how most used gold as a hedge in the past.-
Some estimate that the total market value of it being the digital gold already places it at $150k per coin. In that role, bitcoin has no competitor. The question is really when itll get there.
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Agree, at this time should be small percentage of portfolio. Not sure which one but certainly one of the cryptocurrencies will win out, Bitcoin has huge head start. Eventually there will be some form of universal digital currency that the majority of developed world will use. Makes too much sense from ease of access standpoint alone. I wasnt a believer but the tech behind it is strong and blockchain implications are vast. Id do some research if you remain skeptical.
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Quote from mykerma
Agree, at this time should be small percentage of portfolio. Not sure which one but certainly one of the cryptocurrencies will win out, Bitcoin has huge head start. Eventually there will be some form of universal digital currency that the majority of developed world will use. Makes too much sense from ease of access standpoint alone. I wasnt a believer but the tech behind it is strong and blockchain implications are vast. Id do some research if you remain skeptical.
I would separate the two roles digital currency and digital gold. I think bitcoin makes a bad digital currency because of the high transaction costs. At peak traffic, buying a cup of coffee will cost about the cost of that cup of coffee in transaction fees. It gets more expensive as more transactions are queued.
As digital gold, Bitcoin shares too many similarities with gold to ignore. It is scarce, it cannot be counterfeited, it has weight (high expense ratio making it costly to move around), it has real if not inherent value (miner’s equipment to keep bitcoin operating cost real dollars). Personally, I agree with the above sentiments of placing 1% in bitcoin. The potential returns are huge. The only way I see it failing is if someone discover a major security flaw like the early days of ethereum. For those high returns, there are some risks for sure, which is why I say 1% or however amount you are willing to lose.
I’m sure the volatility of bitcoin will continue for a while. Its value will rise and fall like any other assets. I won’t be surprise that it’ll drop back down to $20-30k next month. That said, I’m going to hold on to what I have, patiently waiting for it to soar past $150k.-
If you put 1% of portfolio in it its hard to say potential returns are huge. Even if it 10x the overall effect on portfolio is minuscule
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I have followed a little bit of the bogleheads discussion of the role of cryptocurrency for the average retirement investor.
Reasoned opinions range from an allocation of 0% (it is wholly speculative with no known intrinsic value and thus only should be considered as a “play” but not as part of traditional portfolio) to up to 5% with the sense of it having a role similar to that of gold.
I am still in the 0% category, but those of you who know me know that I am dollar-cost-averaging low-cost-index-funds kind of guy. -
Quote from IR27
If you put 1% of portfolio in it its hard to say potential returns are huge. Even if it 10x the overall effect on portfolio is minuscule
Agree. But it depends on one’s comfort level. I think my 1% commensurate with how much I’m willing to risk. Don’t put all your eggs in one basket; there are other investment opportunities with similar promise of huge returns.-
Re: 1% – I have only one individual stock that in my portfolio. I bought AAPL and invested just shy of 1% of my portfolio in it.
It is now roughly 3% of my portfolio due to outsized gains.-
For younger people with 10+ years of higher risk tolerance ahead, I think you buy and forget. Dollar cost average it every month for however much you’re comfortable with, for me as a resident this is about $200 per paycheck. If it drops by huge chunks, buy more. And make sure you keep your wallet safe as hell. Here is what I think of it:
[ul][*]It will store value more effectively than gold long term.[*]It’s a hedge against inflation.[*]The volatility continues to decrease (like it has over the last decade), it will become a more popular medium for transaction that it already is. [/ul]
I also think it’s worthwile to invest in the other cryptocurrencies that actually have a defined use case, like Ethereum, RLC and Chainlink.
Standard disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. Please do your own research and invest at your own risk.
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It’s a fad, just like beanie babies or tulips. Its relies on scarcity, its Minsky moment will be when someone figures out how to duplicate the code and create a bitcoin 2.0, 3.0, etc. or its legislated out of existence or something along those lines.
Now until then it can go to 500k a coin, so if you wanna trade it be my guest, I’m in a bitcoin mutual fund, but I would by no means covert more than a small percent of liquid worth into it.
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Best to not talk about things you dont understand. There are thousands of cryptos. If one was gonna be btc 2.0 dont you think it wouldnt have hit 57k?
Were giant financial institutions investing in beanie babies ? The tulip comparison is hilarious , it was 500 years ago
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And not in any way similar to Bitcoin
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Ill be the first to admit i dont understand this and now i regret it. I remember opening a coinbase account (and still have it) in 2012 when BTC started being discussed. Remember seeing it shoot up to $120 per coin and thought it was preposterous. And now over 55K and TSLA pumping 1.5B into it….need to learn how to invest in things I know nothing about.
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Quote from IR27
Best to not talk about things you dont understand. There are thousands of cryptos. If one was gonna be btc 2.0 dont you think it wouldnt have hit 57k?
Were giant financial institutions investing in beanie babies ? The tulip comparison is hilarious , it was 500 years ago
I assume you know what an anaology is, right? You’re obviously the expert, please enlighten us… -
Not an expert and learning like everyone else but to compare it to beanie babies when essentially all the gigantic financial institutions are entering into the market is hilarious. I dont think beanie babies were on JP Morgans radar or large corporations placing their treasury reserves in stuffed animals.
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Well then I wouldn’t talk about things you don’t understand.
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Quote from docholliday126
It’s a fad, just like beanie babies or tulips. Its relies on scarcity, its Minsky moment will be when someone figures out how to duplicate the code and create a bitcoin 2.0, 3.0, etc. or its legislated out of existence or something along those lines.
Now until then it can go to 500k a coin, so if you wanna trade it be my guest, I’m in a bitcoin mutual fund, but I would by no means covert more than a small percent of liquid worth into it.
Curious on why you think it would be a fad. I watched the ted talk video you posted in another forum post. Blockchain technology is quoted as one of the five areas of innovation with exponential growth.
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6 figures in. Time will tell
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Quote from docholliday126
It’s a fad, just like beanie babies or tulips. Its relies on scarcity, its Minsky moment will be when someone figures out how to duplicate the code and create a bitcoin 2.0, 3.0, etc. or its legislated out of existence or something along those lines.
Now until then it can go to 500k a coin, so if you wanna trade it be my guest, I’m in a bitcoin mutual fund, but I would by no means covert more than a small percent of liquid worth into it.
Haha tulips and beanie babies? I just can’t even man. Honestly if this is where you are then I don’t think we can convince you of anything unless you say you want us to try. It would seem like a waste of time.
An aside, there is a difference between blockchain and cryptocurrency. Blockchain is the technology that enables cryptocurrency to exist and is a very useful, groundbreaking invetion. Not all cryptocurrencies are useful however.-
Nothing wrong with making this a small part of a diversified portfolio. I’ve thought about it a lot but always get cold feet. Would never go higher than 10% of my portfolio, personally
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I put $10k in a few years ago. It’s at $200k now. I’m young, set it and forget. Worst case I lose $10k and deduct on taxes for a $5k real loss. Best case I make a couple million for doing nothing.
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Quote from bald
I put $10k in a few years ago. It’s at $200k now. I’m young, set it and forget. Worst case I lose $10k and deduct on taxes for a $5k real loss. Best case I make a couple million for doing nothing.
Just don’t lose your password! I know several that would have 5-6 figure accounts now that did.
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Do you keep it on an exchange for interest generation? Or moved to an offline wallet like a Trezor?
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Anyone with a strong computer science background want to weight in on the whole mining concept? From what I’ve read, BTC set up a very robust system…there is a lot of labor that goes into mining these damn things.
Whoever (likely a group) who first came up with crypto is a goddamn genius, that’s for sure.-
Quote from Voxeled
Anyone with a strong computer science background want to weight in on the whole mining concept? From what I’ve read, BTC set up a very robust system…there is a lot of labor that goes into mining these damn things.Whoever (likely a group) who first came up with crypto is a goddamn genius, that’s for sure.
The mining software is easily available that one can install on a PC to start mining bitcoin. Most of the work is building the hardware needed and in a way that is efficient enough to compete against other miners around the world. Once the rig is up, it doesn’t little attention from the miner. Its quite difficult to make a good profit doing that in United States than say in other coal-burning countries where electricity is much cheaper. Renewable energy might change the equation.
There is an investopedia article that explains the mining process quite well. [link=https://www.investopedia.com/terms/b/bitcoin-mining.asp]Bitcoin Mining Definition (investopedia.com)[/link] Briefly, when a transaction of bitcoin is requested, a code (aka hash) is needed to stamp the transaction onto the ledger, one that every miner has a copy. A working code is very tedious to find (basically a random search) but easy for others verify. The first miner to find the code for a transaction can quickly be verified by other miners and has the privilege of adding his transaction to the ledger for a small bitcoin reward (+ transaction fees).
Yes. I agree the person who came up with this idea is a genius. Work is published as a white paper ([link=https://bitcoin.org/bitcoin.pdf]bitcoin.pdf[/link]) under the pseudonym Satoshi Nakamoto. I was blown away by the ingenuity when I read it.-
I think mining is a good way to gain a small footprint in it. I personally dont actually believe that this wont be a bubble yet and Ive been looking at btc since mtgox folded and it was 300 bucks. I remember just laughing at it.
Right now to mine you either need dictated hardware or GPU mine with a pool. I choose to GPU mine since I am a gamer anyway, might as well splurge on computers.
Instead of buying btc directly, I opt to buy computer parts and mine my BTC. Its a lot slower but its a hedge against big value swing in BTC (computer parts will worth some money always).
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What’s the best resource to learn about mining?
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Cryptocurrency is real. The market cap is astounding and growing everyday. Tons of retail and institutional money is going into the market.
I am only a resident, but I am adding as much as I can every week. I also like buying into small cap companies in the crypto space, primarily up and coming exchanges and mining companies. They are more volatile, but if you are long on Bitcoin, they should have a place in your portfolio. -
Prices are a little steep now dont you think? I have stopped buying them but waiting for the market to cool.
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Could crypto be an enormous bubble? Buying pieces of worthless and in some cases nearly unlimited code that has few to no real world applications? Bunch of hype and promises.
Unlike stock, buying a coin does not give you ownership in anything nor any cash flows. Having said that, this may continue beyond our lifetimes given the madness of crowds and other stupid human behavior.
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Just like the US dollar. What do you own when you carry one of those green bills Uncle Sam issued out of thin air?
Even the ownership of stock is not defined and somewhat elusive. If you own one stock of a company, can you walk in and claim that one of the offices printers is yours? All stock owners are banking on the fact that what they own may be valuable to someone who has interest in majority ownership or buying influence, someday.
Is it a bubble or not, thats the good question. Theres some implied risks when you invest. Any investment for that matter. I would say any stock with PE ratio above 100 is also a bubble. Question is will the bubble burst?
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Not invested in BTC but am invested in mainly altcoins(sh*tcoin). They cost almost nothing and occasionally makes me money. I’m very plainly gambling but I have also had quite a lot of fun learning about all of the odd little spaces in crypto, defi yield farming, and potential use cases. I think crypto adoption will increase with average people and overall marketcap should increase but expect only some of that to end up in BTC. I invest in crypto when i’m concerned about inflation.
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Keep it on a ledger. I think the lending/interest generation has mostly come about since I bought it and I haven’t kept up on it. But I’ve see enough people get screwed by exchanges losing their coins or locking their accounts that I’ve opted not to do that. This is a moon shot thing for me, not income generation.
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IF you want to do mining, you need some ASICS rigs. I think unless you’re doing it at scale, you are far better off buying BTC. Or you could join a pool. The ship on at-home mining has long past sailed.
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Depends on how you think about it, its not pointless. In winter, might as well use your gaming computer as a space heater and get some cashback from your electric bill.
But agree, you cant get rich this way. If you look at some of the professional mining setups in inner mongolia… warehouses of mining rigs.
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Elon Musk says something …. drops 10%
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Let me save someone some time and hardship. Don’t bother with Bitcoin mining. You can do it with a computer (extremely unprofitably), but there are ASIC miners that are purpose built for BTC mining and will mop the floor with your GPU. You can’t get the ASIC miners because they are in such high demand that you have to order hundreds at a time. Even if you do, you won’t know enough to get them set up. Even if you get them set up, there will be a new generation of ASIC miner that will mop the floor with the ones you have. Even if you somehow manage to get the right mining hardware and set it up correctly, you will be competing with miners in places where electricity is much cheaper. Even if you have your own solar farm providing clean energy to your ASIC miner farm for free, your mined BTC will still be taxed as income at your marginal income tax rate and give up 40%+ of your earnings to the IRS.
Not trying to be rude, I just know a lot about this and maybe will save someone some time and effort.
If you want to profit off of crypto, buy bitcoin and hold it for at least 1 year (long term capital gains). If you don’t know how to buy Bitcoin, buy Microstrategy stock (MSTR). If you hold crypto, be aware that at some point you will lose almost all of your money. If you’re not prepared for that, don’t buy it. On a multi year timeframe, you will probably make solid gains.
There is a whole world of crypto out there besides BTC. Unless you want to spend most of your non-working life learning about it and keeping up with the constant changes, just stick with BTC.-
[link=https://www.cnbc.com/2021/02/23/tesla-and-bitcoins-value-are-now-linked-analyst-warns.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1614083036]https://www.cnbc.com/2021…ter#Echobox=1614083036[/link]
[h1][b]Teslas share price is now directly tied to the value of bitcoin[/b][/h1] On the downside its playing with firecrackers and risks and volatility are added to the Tesla story.”
[link=https://www.cnbc.com/quotes/TSLA]Teslas[/link] share price is now directly linked to the price of bitcoin after Elon Musks company invested $1.5 billion into the volatile cryptocurrency, according to Daniel Ives, an analyst at Wedbush.
Musk is now tied to the bitcoin story in the eyes of the Street and although Tesla made a billion paper profit in its first month owning the digital gold, it comes with added risk, as seen this week, Ives told CNBC via email on Tuesday.
He added: With Tesla diving into the deep end of the pool on bitcoin, Musk runs the risk that this side show can overshadow the fundamental EV (electric vehicle) vision in the near term for investors.
[/QUOTE]
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Its like 8 % of their cash reserves, that’s a pretty sensational headline. The value of the company is going to drive things way more than 8% of their reserves ever will, unless bitcoin like 100x. If it went to 0 and they lost 8 % of their cash on hand would that really be so significant? No, it wouldn’t. If they doubled their cash on hand (10x), would that be significant? Again, not really.
Something like microstrategy is way more intimately tied with bitcoin. They have essentially all their cash reserves in bitcoin and are basically buying more on margin. That is a much different situation than Tesla.-
If a company valued at 780 billion makes a 1 billion dollar investment, how can someone argue that the 1 billion dollar investment defines the company? It’s a drop in the bucket.
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I never said GPU mine BTC. I am in a mining pool where I am mining ETH but gets paid out in BTC.
Right now (before the next ETH fork) gfx cards pay for themselves and then some when used this way.
I dont know if any of you were around to watch the mining war between BTC and BCH and wondering which fork would win. If you been there you wouldnt be so quick to put cash into crypto.
I been watching BTC since before mt gox folded. I still dont believe in it and hence I am only entering by mining and purchasing hardware, hardware that i can use.
I dont personally believe buying crypto with cash.
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I don’t think the argument about TSLA is one related to a percentage of holdings. It’s that Musk himself is now so tied to crypto that bitcoin volatility could have a disproportionate short-term effect on the share price.
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Why is he so tied to crypto ? Because he makes tweets about it ? Is he tied to GameStop ?
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Quote from irfellow2019
I never said GPU mine BTC. I am in a mining pool where I am mining ETH but gets paid out in BTC.
Right now (before the next ETH fork) gfx cards pay for themselves and then some when used this way.
I dont know if any of you were around to watch the mining war between BTC and BCH and wondering which fork would win. If you been there you wouldnt be so quick to put cash into crypto.
I been watching BTC since before mt gox folded. I still dont believe in it and hence I am only entering by mining and purchasing hardware, hardware that i can use.
I dont personally believe buying crypto with cash.
Yes, if you’re talking about ETH mining there is a brief window where the average user can make a small profit. On one machine, it’s dollars per day. Maybe that’s worth it for some people. EIP-1559 is soon going to redistribute some of your profits and once proof of stake happens, you’ll have to find something else to mine.
I don’t get the argument of “I won’t pay for BTC or ETH, I’ll only buy an expensive machine and GFX card to mine it. You’re still paying money to get ETH, plus the tax implications are awful for someone in our income class.
Yes, I was there during the BCH/BTC war. I was in Bitcoin Cash initially. The one night where Bitcoin Cash almost flipped Bitcoin, I could have been a very rich man if I had swapped back to Bitcoin core. Not sure why this would discourage me from holding crypto years later. I guess you’re trying to say that the crypto markets are fickle. Bitcoin core is pretty entrenched at this point.-
For me its an easy decision. I am a gamer. All it takes for me to mine is to turn on the mining application. GPU mining nets dollars a day and maybe a thousand or two a year. Right now GPU mining remains profitable.
I dont plan to buy any additional mining gear. I am purely using the gaming rig that I would have purchased anyway.
Yes, its only very minimal amount of money, because personally I believe thats how much fiat I should put in to BTC: almost zero.
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I see. You’ve got the hardware, so why not use it for mining when it’s not in use. Sounds like you don’t believe in crypto, so why even bother? Just a hobby?
Quote from irfellow2019
For me its an easy decision. I am a gamer. All it takes for me to mine is to turn on the mining application. GPU mining nets dollars a day and maybe a thousand or two a year. Right now GPU mining remains profitable.
I dont plan to buy any additional mining gear. I am purely using the gaming rig that I would have purchased anyway.
Yes, its only very minimal amount of money, because personally I believe thats how much fiat I should put in to BTC: almost zero.
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Charlie Munger says he doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000.
[link=https://www.cnbc.com/2021/02/24/munger-on-tesla-at-1-trillion-50000-bitcoin-i-dont-know-whats-worse.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1614373026]https://www.cnbc.com/2021/02/24/mung…box=1614373026[/link]
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Old man refuses to adapt, a tale as old as time itself.
How many old guys said these tech companies were overvalued years ago ? How have they done since ?
If you say everything is overvalued at some point you will be right.
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How many old guys said an electric car was stupid and that it would never pan out. Heck how long have the big carmakers been working on it and they arent even close to the performance of Tesla or Lucid. Its truly incredible with their budgets some of the products they put out.
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Maybe but man o man he is a Pretty rich old man
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Yes. The combination of having a significant holding within TSLA and being a vocal commenter makes for the potential of stock volatility.
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When radiologists start discussing Bitcoin, Tesla, and Gamestop, it is a sign that the bubble is about to burst. Just my humble opinion.
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I tend to agree with you. I think BTC hits around $100k this cycle, give or take about 10% and then crashes back to around $20k. As far as the stock market, it’s anyone’s guess. That bubble has gone far further than I ever expected.
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Quote from richard.x.roe
When radiologists start discussing Bitcoin, Tesla, and Gamestop, it is a sign that the bubble is about to burst. Just my humble opinion.
Wrong. It’s sign that the system is fragile (has been for some time) and you have to discern which of these is a worthy investment.
I’ve been talking about BTC for years and am different than any radiologist in many ways in my life and history. Of course, this is the internet and you can believe what you want. A bubble may burst but it won’t be bitcoin. Keep buying stocks if you don’t know or don’t care, be my guest. It might continue to work out for some time for you, but it is clear that (and for good reason) the BTC trend is up big time and the equity inflation is higher than at any point in the history of man (QE and monetary policy measures, not Shiller PE per se).
I’ve discussed BTC for years with people and the critics are almost always legacy financial guys who don’t understand it because they are trapped in the old ways and don’t want to believe that clown world is upon us and that “macro” is over. They are the old dog. The young people who are dismissive are generally pessimists who believe the old guard has more power and expertise than they really do – or the pessimist that thinks he missed out already (he hasn’t, not by a long shot). The rest are hodling to the new paradigm and will be paid handsomely.
Not owning at least some BTC is the biggest mistake anyone will ever make in his lifetime currently (in a material sense). That is, anyone who has at least a couple decades more to live.
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Theyve both been successful but maybe theyre in over their skis. Its like a repeatable pattern where they call tech stuff busts, then regret it 5 years later and say man I wish I would have bought Google or Amazon early.
Maybe we are beyond their old school models of PE and etc. those models are what cost them billions of dollars. At some point everyone becomes irrelevant. To be even close to in the game around 90 is very impressive.
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Quote from IR27
Theyve both been successful but maybe theyre in over their skis. Its like a repeatable pattern where they call tech stuff busts, then regret it 5 years later and say man I wish I would have bought Google or Amazon early.
Maybe we are beyond their old school models of PE and etc. those models are what cost them billions of dollars. At some point everyone becomes irrelevant. To be even close to in the game around 90 is very impressive.
Guys like dergon have no real awareness of propaganda or real critical thinking (not radiology algo or memorization) – along with their personalities, that’s why they have their political opinions. I notice because I am honest and I go to these sites just to check prices, and Munger is trotted out by yahoo! cnbc etc to parrot a side of the “argument” like the old (yes rich) cripple that he is. What’s he gonna do, say that what made him rich doesn’t matter anymore? LOL, he knows no different, and I know he doesn’t know what he doesn’t know (always the problem) because if he had any inkling he would be honest and say that we’ve never tried any of this monetary madness. Notice how he doesn’t say, “Thirty years ago if you told me that the world would be going to negative interest rates, the debt would be rapidly expanding to 28 trillion, and we encourage people to lie/cheat/steal and let old men join girls basketball teams”
He would have laughed at you and called you crazy, no, that’s not gonna happen.
Welcome to Clown World, Charlie. You know what the problem is? If you can’t identify it, you are it.-
Wait you claim you are honest?
But when you make a bet and lose, you refuse to pay
How exactly is that honest?
And how does exactly supposed to make anyone actually listen to the garbage that you spew
You say 20,000 crazy things
One of them actually pans out
So therefore you are a super genius even though your batting average is 0.0000001
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The following is just my opinion:
To me bitcoin is a two true outcome result. Its either going to $0 or its going to six figures (I think a million is pushing it but some call for that).
I think its totally reasonable to put. 1-5% of your net worth into it and see how it plays out. If it goes to $0, hey it happens and that wont ruin any of us. If it goes to a million, that will be a very nice performing asset in your portfolio.
If what I said sounds absurd to you, then you just may be in the portion of the audience who needs to do a little better job of understanding what bitcoin is and why its gaining momentum with institutional investors.
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Why would it go to zero? Why would it go to six figures?
Hint: it’ll be six figures by the end of the year.
It ain’t going to zero. End of story. It’s the most asymmetric play of our lifetime. Also, it’s high comedy that something that has been around for over 10 years and now has billion dollar institutional investors, while clown world continues in the fiat and QE/equities world, is deemed “risky.” If you have means and don’t understand what’s going on, you deserve to get the financial repression that is here and will get much worse in the coming years.-
Why dont you pay your bets
Your a Bitcoin zillionaire
But you cant pay up on a bet you so stupidly lost
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@casino
I agree with you. Imjust making the neutral argument. I think every portfolio needs bitcoin. But I also cant say I have a crystal ball and I endorse people putting money they cant afford to lose into a risk asset.
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I think it’s important for “the uninitiated” to note that while I am very confident bitcoin goes to six figures and beyond, there’s a good chance it goes to $20k before that. The point of one of my previous statements is that if you’re going to buy it and panic sell at $20k, it’s not the investment for you.
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Btc will not go to zero. The value of btc lies in ability to use it for illegal transactions and money laundering. It has now found itself with those values. I used to believe that btc will go to zero but no longer feel that way.
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Agree, BTC is not going to zero. But if its only market is illegal transactions and money laundering, I and many others would not have bought into it. Banking institutions are buying into it now. BTC is going legit.
Quote from irfellow2019
Btc will not go to zero. The value of btc lies in ability to use it for illegal transactions and money laundering. It has now found itself with those values. I used to believe that btc will go to zero but no longer feel that way.
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Nope, BTC is far inferior than the traditional money transactional network due to the amount of transction per second and the cost associated with it.
You can argue its most similar to gold except that unlike gold it has no industrial applications nor inherent value.
Its value lies on anonymous transmission of money which allows illegal usage. In every other applications something else do it better.
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BTC is new but I don’t think its inferior. Does traditional money have inherent value? Like BTC, value of money originates from the significant effort needed to create it. For USD, its all in the political effort to issue. For BTC, the mining effort.
You are right that transaction cost will not make it as efficient as a bank account or credit card, but that just makes BTC scarcer and more secure. It is good as digital gold, and more importantly the settlement layer between large banking institutions. For day to day transactions like buying coffee, there are other solutions such as liquid [link]https://blockstream.com/liquid/ If[/link] blockstream ever go public, trust me that I’ll buy their stock in bulk. -
The TPS per second argument is a strike against a million per coin. Not six figures per coin. I think if people actually start using bitcoin for currency and not store of value, AND it got recognized as a currency, $1mil per coin is low.
I also am very skeptical that happens -
BTC is a very poor currency but a decent store of value.
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Quote from irfellow2019
Btc will not go to zero. The value of btc lies in ability to use it for illegal transactions and money laundering. It has now found itself with those values. I used to believe that btc will go to zero but no longer feel that way.
The funniest part of your wording is the use of the word illegal. According to the Constitution (originally there was no income tax, 16 passed shady and arguably not ratified properly), and even giving the 16th amendment legitimacy, there is no way a progressive income tax is not a violation of equal protection.
BTC will not go to zero because it is sound money and we live in an abusive government era that hates our Constitution. That btc can also not be impaired by stupid governments, illegal themselves, is an added bonus. Getting out of tax scam USA at this point is a real American citizen’s [b]duty[/b].
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Definitely never said zero. I have quite a bit of my net worth in it.
In case I’m not getting my point across, I’m just warning that it is the type of investment that *could* go down 50% or even more. For those who are not used to that kind of volatility, it’s probably not the right investment. If it goes below $20k, I will significantly increase my allocation.
For demonstration purposes, since my post saying that bitcoin is extremely volatile, it went from $58k to $44k and we may go further. Some people would be $hitting their pants over that kind of a decline, but it’s our responsibility to make that clear up front and not just shill this as an investment that only goes up.
If MSTR stock is a bloodbath this week, and it probably will be, I will be loading up the 401k. Not investment advice.
Quote from irfellow2019
Btc will not go to zero. The value of btc lies in ability to use it for illegal transactions and money laundering. It has now found itself with those values. I used to believe that btc will go to zero but no longer feel that way.
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Bitcoin is 5 times more volatile than the average US stock, has 85% drawdowns (drops from high), and is difficult to value
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Its also been the best performing asset of the last decade. You cant have returns without risk.
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Agree with JTG and Mrdrsrow08. Just don’t buy it at $58k when it’s just done a 15x in one year. If this dip continues, this is going to be the best buying opportunity since last spring.
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Quote from irfellow2019
BTC is a very poor currency but a decent store of value.
It’s not trying to be a currency (that’s why I agree, it’s not as efficient as a medium of exchange) but to say it’s a decent store of value is laughable. It can’t be impaired and has stock to flow that outdoes gold. “Decent” gtfo
It is sounder money than anything on the planet. End of story. But all I need it to be is a store of value in clown world. I’ve already proven that and the winning will just continue. -
[link=https://www.cnbc.com/video/2021/03/15/india-may-be-about-to-criminalize-cryptocurrencies.html?__source=twitter]https://www.cnbc.com/vide….html?__source=twitter[/link]|main
India seems about to ban cryptocurrencies, fining anyone trading in the country or even holding such assets. The bill, one of the world’s strictest policies against cryptocurrencies, would criminalize any direct involvement with crypto.
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beyond stupid. what exactly about this is criminal? Make your country more irrelevant, I don’t really care.
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Im neither for or against cryptocurrency but
What about it makes it criminal?
Well if you cant trace it then it make. It much easier to
1- make illegal
Transactions2-avoid taxes and other fees
3- Makes it much more conducive to performing criminal activity
4- money laundering
Basically world governments could shut this down in a heartbeat
Thats why its a suckers bet
It can go to nearly zero in a heartbeat
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Sounds like we should make cash illegal.
Go to nearly zero in a heartbeat? Hasn’t done so yet and institutions keeping piling in. More institutional than retail money involved. We will see.-
We will see when government is not getting revenue that they feel they deserve
Like India
You may not like it but you dont make the rules
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Cat is already out of the bag. This has been going on for 10 years, you think they’re going to decide to prohibit it now with trillions of market cap?
Crypto transactions are taxable with relatively clear guidelines. Tax evasion can be punished and pursued just like any other form.
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Chirorad, so we should cancel bitcoin because some people illegally evade capital gains taxes? Can you rephrase your point, I am having trouble following it.
I dont think the USA should or could ban bitcoin now. Too many major US companies have bitcoin in their balance sheets with more to come. Banning btc would harm the US economy a great deal at this point.
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Wait a minute
Im not making a case here that be way or the other
It does not matter what I think
My point is if one government can ban it? Then why cant other countries
Surely at some point most governments are going to AT LEAST try to at least regulate it
Its not like its backed up with anything or anybody. Its like a Ponzi scheme in which you dont know who is on top
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But if you gents think its a no brainer
By all means play the game
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I don’t think its a no brainer, I also don’t think its a ponzi scheme.
its somewhat telling that lots of people have gone from disparaging to adopting and I haven’t really heard of anyone going the opposite direction.
If this is a ponzi scheme then it’s by far the greatest in the history of the world by numerous orders of magnitude.
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Quote from IR27
Cat is already out of the bag. This has been going on for 10 years, you think they’re going to decide to prohibit it now with trillions of market cap?
Crypto transactions are taxable with relatively clear guidelines. Tax evasion can be punished and pursued just like any other form.
The legacy oldie doesn’t know what he doesn’t know. Opining and he doesn’t know the first thing, forget the second, about BTC or even any other crypto.
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Quote from Chirorad84
Im neither for or against cryptocurrency but
What about it makes it criminal?
Well if you cant trace it then it make. It much easier to
1- make illegal
Transactions2-avoid taxes and other fees
3- Makes it much more conducive to performing criminal activity
4- money laundering
Basically world governments could shut this down in a heartbeat
Thats why its a suckers bet
It can go to nearly zero in a heartbeat
Idiot bloviates again. It ain’t going to zero, you know nothing about it or you wouldn’t say that. Holding USD is a suckers bet.
Unless you are arguing to ban cash too, you are dumber than I thought. And that’s pretty retarded.
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if it hit 200k tomorrow would I sell, ya probably. I don’t think that’s likely but I do think it is likely the price continues to increase as more institutional money comes into the picture, more corporations buy some for their treasuries and people get access to BTC ETFs
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Hope it works out for you
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Quote from Chirorad84
Hope it works out for you
The best part is that USD, we know for certain, will not work out for you.
And I’m loving every minute of that stupidity. Clown world works when clowns vote for clowns, I guess.-
I certainly dont think anyone is stupid for being skeptical of bitcoin. I think its future is just uncertain enough that it would be stupid to assume it cant fail. I dont want people to feel insulted if I disagree with them about the merits of bitcoin.
I feel strongly that bitcoin is a very good hedge against the rapidly inflating dollar and belongs as a small percentage of everyones portfolio. No ones telling anyone to go put 50% of their net worth into bitcoin. But 5%? Not gonna kill you.
Having said that, if you are NOT concerned with the rapidly inflating US dollar, I strongly urge you to brush up on your economics because everyone should prepare for its implications, however you feel is best; Be that real estate, gold, or bitcoin.
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Honestly I give 2 sheets about bit coin
My father in law works for Goldman Sachs and I let him manage my money
I am no financial genius
Its been very easy to make money since I actually had investable money which had been since 2015
and my returns are greatQuestion for casino royals the Bitcoin millionaire
One thing I cant understand is if you make millions on Bitcoin then why cant you pay a bet that you lost 1500$ dollars on
I just dont get how such a wealthy investment genius like yourself could Welch on a measly 1500$ bet
Whats the deal?
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If you told me that in 1 years bitcoin had lost 80% of it’s value and settled in around $10k I would totally believe it.
If you told me that it had continued to spike to $200k I’d believe that too.
If you told me it had a bumpy volatile year and closed right where it started … sure, that too.
**shrugs** I have no basis upon which I can make any rational price assessment. Totally speculative.
If a person wants some percentage of a totally speculative asset in their portfolio then fine.-
All investments are speculative. Even index funds, you are banking on the economy continuing to grow. Bitcoin is a risk vs return affair. The risks are drastically lowered recently because large banks now have their hands in the game.
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Agree. The market is heavily volatile right now. The S&P lost like 40 % of its value in like a month in feb-march 2020 so BTC losing 80 % in 1 year isn’t really that crazy. I think unlikely but sure possible.
I don’t fault anyone for not being involved though. Just likely a missed opportunity. I’ll admit I was a hater months-years ago.
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Everything you list there is true of money. Paying the nanny under the table with cash- yeah that’s tax evasion.
Legit businesses are still required by law to keep accurate accounting and report profits to IRS. Its the same whether they collect cash or bitcoin. In fact, it might be easier to trace with bitcoin than cash. The lay-people use a third party app to manage their wallet which can be subpoenaed in court.
Quote from Chirorad84
Im neither for or against cryptocurrency but
What about it makes it criminal?
Well if you cant trace it then it make. It much easier to
1- make illegal
Transactions2-avoid taxes and other fees
3- Makes it much more conducive to performing criminal activity
4- money laundering
Basically world governments could shut this down in a heartbeat
Thats why its a suckers bet
It can go to nearly zero in a heartbeat
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Again I obviously dont know as much as you about Bitcoin
But my understanding is that is very difficult to track and trace and that is one of the major appealing factors of the currencies with criminal elements
Now if it is difficult to trace and track you can obviously see a few things
1. It would be very easy to avoid taxes
2. It would be very prone to criminal or illegal or borderline illegal transactions
Now if either 1 or 2 above is true you can see how governments/Nations would be very interested in regulating it
And once you regulate you pretty much lose most of the value it has over any other currency
Thats my point. Now again I am no financial genius or monetary guru but to me this seems blatantly obvious
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I guess what I dont understand about your point is
If it has no advantage over traditional currencies then what exactly value does it have?
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The main value is its lack of centralization, its lack of dependence on a particular government or bank. That’s my biggest issue with US dollars. When we lost the gold standard in 1971, it made USD subject to manipulation. If I’m another country trading with USA, I would like to be paid in something that has a stable value for my service, not something uncle Sam can print and inflate. There wasn’t much alternative in the past, but bitcoin is that ideal currency everyone’s waiting for. I think India is plain stupid for ditching bitcoin. Bitcoin is bad only for the US and good for everyone else.
Quote from Chirorad84
I guess what I dont understand about your point is
If it has no advantage over traditional currencies then what exactly value does it have?
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Im sorry if you think Bitcoin cannot be manipulated then I think thats all that needs to be said
Anyways good luck. I hope it works out for you
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Disagree with you there chirorad. I think its you who are misinformed here. The public ledger of bitcoin cannot be manipulated. Thats why mining exists. Redundant mathematical calculations and confirmations of every transaction on the ledger.
Anyway, some news here
[link=https://www.cnbc.com/2021/03/17/bitcoin-morgan-stanley-is-the-first-big-us-bank-to-offer-wealthy-clients-access-to-bitcoin-funds.html]https://www.cnbc.com/2021…-to-bitcoin-funds.html[/link] -
I understand why individuals like Qasino Royale are but coin players
Its a farce or a spoof if you will based upon monetary policies and norms that they dislike and dont agree with
I understand his clownworld analogy
What I believe he is saying is this world is so Fd up that it makes perfect sense that a currency based on nothing and having no significant backing or inherent value can become not only worth something but if more perceived value
Let me state I do agree at all with this analysis but I understand his point
Its almost like the Onion or satire to the extrem
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I understand why individuals like Qasino Royale are Bitcoin players
Its a farce or a spoof if you will based upon monetary policies and norms that they dislike and dont agree with
I understand his clown world analogy
What I believe he is saying is this world is so Fd up that it makes perfect sense that a currency based on nothing and having no significant backing or inherent value can become not only worth something but if more perceived value
Let me state I do agree at all with this analysis but I understand his point
Its almost like the Onion or satire to the extreme
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You theoretically could manipulate it. It’s called a 51 % attack or if 51 % of the hash rate ( essentially the computing power involved in performing the mining) was controlled by one entity, they could falsify transactions on the ledger. This is unlikely with BTC specifically due to the amount of resources that would require but its def theoretically possible and successful attempts with other cryptos have occurred.
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Quote from Chirorad84
Im sorry if you think Bitcoin cannot be manipulated then I think thats all that needs to be said
Anyways good luck. I hope it works out for you
Yet another admission that he has no argument and doesn’t know what BTC is. That you had to explain to him the failures and financial repression fiat, which hurts middle income and the poor (destroys them over time) is the best witness against the utter stupidity this man has over his own ignorance.
Don’t argue stuff you don’t know the first thing about, Chiropack
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[link=https://www.investopedia.com/ask/answers/100314/why-do-bitcoins-have-value.asp]https://www.investopedia….itcoins-have-value.asp[/link]
This link provides a good summary of where the value of bitcoin comes from.
Certainly ppl think it is worth >50k now, so it has some value right?
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Certainly ppl think it is worth >50k now, so it has some value right?
Well. Yes. It tells us it has value *today* .. but that doesn’t tell us much about it as an investment.
Ancient people valued gold for no particular reason… and it has held value for millennia.
But at one point people also thought a Rotterdam tulip was worth 18 guilders.
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Is there any explanation on how its magically worth $50k other than a buying or speculation frenzy.
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How about because Tesla has an eccentric leader at the helm that – asides from taking a chance on Bitcoin – also smokes pot on podcosts and shoots of random tweets that sends ripples through the market.
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A guy just quoted an investopedia link
Bringing out the big guns
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Yup its weird that Musk expressed so much interest in Bitcoin. That aside though, the fact that major banks like Morgan Chase are building infrastructures around Bitcoin doesn’t mean anything? I think these guys know a great deal about money.
Quote from Flounce
How about because Tesla has an eccentric leader at the helm that – asides from taking a chance on Bitcoin – also smokes pot on podcosts and shoots of random tweets that sends ripples through the market.
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The fiat currencies are backed by a government
Bitcoin is backed by what exactly?
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Yes that’s a good point. But I think that backing is illusory. If it is down to you and the government, what valuable service or goods can the government provide you with the USD that they issue?
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What is gold backed by ? The fact that its not by a government is a pro, not a con
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This should help….
[link]https://youtu.be/hYip_Vuv8J0[/link]
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Nope nothing magical. But the same question can be asked of fiat currencies. Why is the USD worth 100 yen or 0.0006 AUX of gold? The reason fiat currencies have existed is because it is providing a service as a medium of exchange. If you can make shoes, you can sell them to your neighbors for $5, then you can use it to buy eggs. By itself, the USD has no value. The same is true for bitcoin, except I do think its better than fiat currencies as it is more secure, cannot be counterfeited and is not controlled by one entity.
Quote from DICOM_Dan
Is there any explanation on how its magically worth $50k other than a buying or speculation frenzy.
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Gold is a precious metal with limited supply
It is the gold standard of a back up
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This is pointless. We disagree and its fine.
I find it funny the acceptable store of value from a commodity standpoint is gold, aka jewelry.
Will have to revisit in a year and see where everyone stands
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Agree
Not my cup of tea
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I’m perfectly fine with that too. IMO, Bitcoin is just one of many good investment opportunities in our lifetime. If its not your cup of tea, I will not be surprised that you find another golden opportunity elsewhere.
Quote from Chirorad84
Agree
Not my cup of tea
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Bitcoin is THE asymmetric trade of our lifetimes. Yes, there are other phenomenal investment opportunities. This list is full of brilliant people, even if they don’t always act like it on the Internet. I would encourage anybody interested, to really do a deep dive on the subject (bitcoin, not other crypto/shitcoins) — read the Satoshi white paper, old youtube videos from giants/pioneers in the industry, articles, documentaries, etc. Stay away from mainstream news articles. I think then you can make a really informed opinion on the subject instead of parroting the nonsense we hear on the news such as the following tropes:
“Blockchain not bitcoin”
“Bitcoin is tulip mania”
“Only criminals use bitcoin”
My guess is a lot more people will become believers or at least have a good reason not to. Basically, DYOR.-
My guess is a lot more people will become believers or at least have a good reason not to.
Thats a pretty broad guess
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No more broad and inaccurate than any one of your statements.
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Quote from ChuckI
Bitcoin is THE asymmetric trade of our lifetimes. Yes, there are other phenomenal investment opportunities. This list is full of brilliant people, even if they don’t always act like it on the Internet. I would encourage anybody interested, to really do a deep dive on the subject (bitcoin, not other crypto/****coins) — read the Satoshi white paper, old youtube videos from giants/pioneers in the industry, articles, documentaries, etc. Stay away from mainstream news articles. I think then you can make a really informed opinion on the subject instead of parroting the nonsense we hear on the news such as the following tropes:
“Blockchain not bitcoin”
“Bitcoin is tulip mania”
“Only criminals use bitcoin”My guess is a lot more people will become believers or at least have a good reason not to. Basically, DYOR.
They won’t do any of this, because they are media pawns, and lazy. They make conclusions and then back fit really, really bad arguments that actually show that they don’t even know the first thing about money, stores of value, or even gold, to be honest.
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Actually Chirorad is right. Gold is indeed the best store of value. I wished we never had abolished the gold standard. There is however downsides to using gold as the standard. Gold is also heavily used in electronics today. If we go the route of reinstating the gold standard, the high cost of gold will worsen the current chip shortage, and impede economic growth. The other disadvantage is that gold is not as divisible and durable as bitcoin.
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Most of gold is used in jewlery. There are other uses like electronics but these are less than the jewelry amount. To me it seems hilarious that the store of value would be something that is primarily used for a luxury/status symbol. Would think something that we actually need to survive would be a better store of value, not a shiny thing you wear on your wrist or hand.
There are also essentially limitless amounts of gold in space that we will eventually have access to.-
Good point. The paradox is if you use something we actually need to survive as store of value, then you are wasting it by storing and not using it to survive. That said, many ancient civilizations do use salt as money. Peru-incan, roman empire…
Quote from IR27
Most of gold is used in jewlery. There are other uses like electronics but these are less than the jewelry amount. To me it seems hilarious that the store of value would be something that is primarily used for a luxury/status symbol. Would think something that we actually need to survive would be a better store of value, not a shiny thing you wear on your wrist or hand.
There are also essentially limitless amounts of gold in space that we will eventually have access to.
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Weve been off the gold standard for decades
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Always fun to read a thread from beginning to end on AM. I don’t think it will ever be a mainstream “currency” – it is simply too volatile. It is an investment vehicle that is valued based on other real currency, like the USD. And I don’t buy the “all currency is only worth what people think, so Bitcoin is as good as the dollar or Euro, etc.” Only a teeny fraction of humans own Bitcoin. Almost every human has access to regular currency that has a known, very stable (for most countries) value.
Those who are so vehement about it being the best investment of our lives, etc. are just likely too personally attached it to see that there are plenty of other investments that have performed as well or better even in the past year or longer. Has it had a great run – absolutely. You can’t compare Bitcoin to the SP or Dow, you’d have to compare to individual stocks, of which lots spiked by similar amount. Even big cap stocks – NIO (chinese EV maker) was 2.10 last March, now mid 40s, was as high as 60. Trounced Bitcoin return. Heck compare it now to NFTs – create some digital icon on your computer for nothing and sell it for thousands/millions and you have an infinite return.
All that said, I’m fine with Bitcoin and family owns some. But it is nothing special, just a thing of value at the moment as part of a portfolio.-
Getting investment advice on a radiology message board which also has multiple Q-Anon types posting on it is probably not a recipe for success
My father in law is high level Goldman Sachs guy
I will let him tell me where to put my money
Maybe the Jewish space laser crew can ask JFK jr where he thinks Bitcoin is going
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Bitcoin has gone from sub 1 cent to over $55k at the moment — over 200% return per year. Nothing is close. It is the apex predator of financial assets.
And yes, my statement seemed broad if you took it out of context. I am encouraging one to do a deep dive and then come up with an informed conclusion as opposed to knowing little and talking a lot.-
I wasnt bashing you just comment on your statement
Your statement basically said as I understood it
If you read more about it you will either become a believer or non believer
No disrespect intended but that is a bit broad Of a statement
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That being said
I admit I am no investment genius
I am lucky to have good advice and some of the better advice Ive gotten is
There are investments and there are gambles
Apple is an investment
Bitcoin is a gamble
Sometimes gambles pay off though so best of luck to all of you
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Don’t you think apple was a gamble at some point?
Do you think BTC is more or less of a gamble now around 60K than when it was pennies?
At what point will you think you are wrong? Just curious.-
When I first started to get investable money in 2015 I asked my father in laws advice
I had 80,000
He told me put half in Apple half in Microsoft then next year I will give you more
In 2016 he gave me Eli Lilly and JP Morgan same amount to invest
2017 he gave me Abbott and Abbvie
I will stop there but 2018, 2019 2020 he gave me 2 more each year different sectors to diversify
His theory is you need 8-12 good companies spread throughout different sectors
Go back and look at the prices of the stock I mentioned at the time they were bought then do the math
Its phenomenal
Now Im sure you made millions on Bitcoin and good for you but you can lose it in a heart beat
I sleep well knowing Apple J.P. Morgan abbot and Microsoft will all be there next week next month and next year
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I’m not saying people should put all their money in bitcoin, more like 1-10%.
It’s funny you criticize people for making broad statements when you do the same. What do you think the chance BTC will go to 0 in the next year are? Are you predicting that will happen? Anything can go to zero. Apple can go to zero. Do I think it’s likely? No.
Stock indexes lost ~ 30% of their value in a month in feb-march 2020. Should no one ever buy stocks?
8-12 “good” companies is a pretty concentrated investment strategy. You think your returns are so good when the market has been in a giant bull that whole time essentially. Back to block list-
Like I said Im not a financial expert
But a 20 year Goldman Sachs guy with a great track record is probably a little better than guys on the internet who read investopedia articles
I dont know maybe its just being foolish to believe that
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[i]8-12 “good” companies is a pretty concentrated investment strategy. You think your returns are so good when the market has been in a giant bull that whole time essentially. Back to block list [/i]
8-12 good companies isn’t really concentrated investing. Greenblatt would hold as few as 3 companies in his portfolio.
10-15 companies is pretty standard and Benjamin Graham, the father of value investing, would hold up to 30 companies and his investing style with strict IRR analysis is considered far too conservative for modern times.
Unfortunately, indexing with VTSAX is pretty popular these days, but as investors are going to find out.. Indexes don’t move during periods of stagflation and instead trade sideways and actually bleed cash in real terms due to inflation. -
stagflation? lol ok, we will see.
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Fidelity to launch bitcoin ETF
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Other people have tried and the SEC didn’t allow it. Not that big of a deal. Fidelity is a bigger name than the others who have tried. It still has to be approved.
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The government is changing the requirements of the fractional reserve banking system and is going to load up the commercial banks with treasuries like foie-gras to finance the US gov debt. The banks balance sheets are going to get bloated with gov bonds and won’t have the free cash on their balance sheets to loan to businesses. If businesses can’t get loans growth is going to slow on top of an already anemic economy. The shock to the supply lines in Co-Vid too will increase expenses of businesses that previously operated on thinner margins thanks to a well-oiled supply chain. Eventually the somewhat volatile prices of goods along the supply chain will take a toll on top of everything else going on. Growth is going to slow in a big way and inflation is already taking hold.
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Quote from IR27
Don’t you think apple was a gamble at some point?
Do you think BTC is more or less of a gamble now around 60K than when it was pennies?
At what point will you think you are wrong? Just curious.
I ask “bitcoin deniers” (yes we can play stupid name games too) this all the time – they never can answer.
Most of the “bubble” obsessed people can’t ever tell you actually what a bubble is. And they can’t tell you what would prove them wrong = worthless people to have a discussion with, they just use buzzwords all day long and don’t actually argue anything intelligently.-
Hey Qasino Royale
When are you going to pay up
For the bet you lost?You owe me 1500$
Pay me
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Funny thing is Qasino Royale is the probabiy the one individual on this message board with the absolute worse track record for predictions
Probably another reason to either sell or definitely not buy Bitcoin
This guy is wrong religiously
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