I am genuinely curious and would appreciate some insight here, too.Ok, I"ll bite. Care to enlighten me?
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I am genuinely curious and would appreciate some insight here, too.Ok, I"ll bite. Care to enlighten me?
It is backed by the USA and the economic activity of the USA. That's pretty tangible as far as things go.
I think it sorta depends what you define a crash as vs just adjusting to proper value. It's already over 16,000 since this article came out an hour ago. People are tripping balls over bitcoin right now so I could see it hitting 25k by the end of the day, an event like that would surely transpire a "crash", but then again it should not surge like that anyway so really it's just going back down to 4k or something which is where it should be. Maybe even less.There are two things I know to be true:
1. Bitcoin will crash;
2. No one knows when. At best, someone might make an educated guess which ends up being correct in hindsight. But they still didn't know.
As I have been hearing a lot recently, the word "bubble" is usually something said in hindsight after the fact. All this is eerily reminiscent of internet stocks in year 2000. Had to search a bit to find one still in existence that would chart up. This one broke $20k a share (split adjusted) and is now below $4.
Interesting times for sure. Typing this while sitting on the sideline with a big tub of popcorn.
I think it sorta depends what you define a crash as vs just adjusting to proper value. It's already over 16,000 since this article came out an hour ago. People are tripping balls over bitcoin right now so I could see it hitting 25k by the end of the day, an event like that would surely transpire a "crash", but then again it should not surge like that anyway so really it's just going back down to 4k or something which is where it should be. Maybe even less.
I think you're probably right.There are two things I know to be true:
1. Bitcoin will crash;
2. No one knows when. At best, someone might make an educated guess which ends up being correct in hindsight. But they still didn't know.
You cant eat dollar bills either.I know that, unlike many physical objects, it has no utility. You can't eat it, build with it, take shelter under it.
You cant eat dollar bills either.
I am seriously considering selling my remaining 25 right now
Glad I held onto that little bit of Bitcoin I had from several years ago. It's now worth over $1,000.
If bitcoin climbs to $7,500,000 I can sell it and retire
July of 2010 when it first launched, it was valued initially at $0.008 per. Wish I had thrown a couple/few hundred bucks at it back then. Hindsight can be a real motherfucker...
I think people realize that Bitcoin will eventually go down - it's just a matter of riding that wave to the top, manage risk going up because you don't want to be on the other side of that wave holding most of your coins.
Right now this Bitcoin Wave is looking a lot like Interstellar's Miller planet.
I think if you could have bought a couple thousand at $200 each, you're not hurting too badly...Damn! Why did't I buy a couple thousand worth of them when they were still about $200 each?
I think if you could have bought a couple thousand at $200 each, you're not hurting too badly...
I think a fundamental question is what makes it worth 10x what it was worth at the beginning of this year? Or better yet, $3000 more than it was worth yesterday?
Still. That hindsight.He said buy a couple thousand WORTH of BTC, not buy a couple thousand BTC.
Couple thousand worth is like 10 BTC which is $2,000 at the time.
Couple thousand BTC at $200 would be $400,000... BIG difference.
Yeah, I misread, my bad. That's something a reasonable person would say, not someone complaining they didn't profit even more immensely from their hundreds of thousands of discretionary income.He said buy a couple thousand WORTH of BTC, not buy a couple thousand BTC.
Couple thousand worth is like 10 BTC which is $2,000 at the time.
Couple thousand BTC at $200 would be $400,000... BIG difference.
Do it and buy yourself an airplane.I am seriously considering selling my remaining 25 right now
Selling 25 coins - not a decision I would take lightly. Lots of money there.Do it and buy yourself an airplane.
Selling 25 coins - not a decision I would take lightly. Lots of money there.
There is a saying, "The pigs get fat, but the hogs get slaughtered." It could drop to $5k. Determine what one is happy with, accept those gains and move on - and don't look back. That'd be my plan. I say this without having the coins.No reason to sell at 18K when you can sell at 50K within 2-3 months.
but ma tulipsNone that you could define or methodically explain why beyond just blurting a buzzword.
I have some tulips to sell you guys. https://www.investopedia.com/features/crashes/crashes2.aspbut ma tulips
The most legit reason I've heard is bitcoin is very top-heavy with its owners:None that you could define or methodically explain why beyond just blurting a buzzword.
None that you could define or methodically explain why beyond just blurting a buzzword.
Well look at the USD, it's not backed by anything tangible. Ours is backed by debt.
It's working out so far. I just sent chills down my spine.
You are underestimating the amount of “overnight experts” with money to throw in the ring in the true global marketplace. There is a bubble pop coming, but I don’t think we are anywhere near the true apex of the chart. The big pop may be a year or two away.I disagree. You can easily define it by looking at the parabolic chart supported by zero fundamentals or valuation metrics, funded largely by overnight "experts" who got in after reading one article someone posted on Twitter but still don't know how to spell "blockchain".
I think a fundamental question is what makes it worth 10x what it was worth at the beginning of this year? Or better yet, $3000 more than it was worth yesterday?
Except you can't actually buy things outside the game with lootbox loot. Anyone's guess what will happen. One thing is for sure, the banks are already using digital money, if you don't know that learn it now. Nothing will stop bitcoin, several crashes, going to near zero, it can't be stopped. If you believe what the naysayers are saying, too bad you miss out.A better question would be why is it worth anything at all since it's not backed by anything tangible. This is all basically just the equivalent of lootbox insanity for virtual items in a game.
July of 2010 when it first launched, it was valued initially at $0.008 per. Wish I had thrown a couple/few hundred bucks at it back then. Hindsight can be a real motherfucker...