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Isn't its value rarity like gold? (Obviously, gold has a bit longer track record as a SoV)

Historically, if you'd backed up the truck near the bottom of a BTC bear market, and held for a few years, you would have made a killing. A drawdown of around 80% was typically near the bottom. Will this repeat again? It kind of seems a bit too obvious to everyone now. Possible reasons why it...

I think this is spot on. All you have to do is bet the farm near the bottom of a bear market, and you'll be rich in a few years time. It's sure fire guaranteed! I couldn't bring myself to pull the trigger at $4000 in early 2019 but I'm ready and waiting with a pile of cash for the next one...

If they bought in 2000, that was good timing as it turned out to be the bottom of a 2-decade bear market. (The UK sold off half its gold reserves around the same time. Doh!) I wonder if their current purchases will prove to be as fortuitous.

I wonder if he is a wrestling fan. It would certainly make a good stage name. Reminds me of this guy from my youth. https://en.wikipedia.org/wiki/Kendo_Nagasaki

I bet you're not in as big a hole as me. Silver would probably have to hit $50 for me to break even on the crap I bought 8 years ago

Is that true? I would have thought the appeal for many "investors" is simply that it has a history of exponentially going up. Hold it for long enough and not only can't you lose but you can multiply your money by 10 or even 100.

I wonder how many protesters at COP26 are (secretly) holding BTC? :D

Earlier this year, BTC's energy consumption was on a par with Argentina or Norway. https://www.bbc.co.uk/news/technology-56012952 If the price does go up into $6-figures, then it's consumption may exceed that of a G7 country. That might start sounding serious alarm bells.

Maybe but I doubt we'll see many more 10,000% ascents from bear market low to bull market high. Maybe we won't even see many more 80% crashes. It will be interesting to see how many investors (speculators) quit BTC if it is no longer perceived as a chance to make a quick 1000%.

Not easy when a drop of 20% is just normal volatility and a drop of 50% can be just a pullback. :D

How do you know, for sure? And, what does it matter anyway? Relying on ultimately being proved right often doesn't work out in the markets. And especially not in the crazy world of crypto. I've recently come to the conclusion that there is nothing rational whatsoever about this market, so...

No, just realising one particular obvious. You are the formerly banned J_Smith, are you not? Not that a denial will mean anything on the alternative reality which is this silly internet. Never mind. Just carry on as you were; your followers need you.

Bollocks. You are really taking the piss Mr J_Smith. To anyone who is listening to this eejit, search for the 1st reference to DOM in this thread. Sadly, "jack hershey" who posted this is no longer with us (RIP) but one thing's for sure, he didn't know anything Obvious.

The trouble with cryptos, even the biggest one BTC, is that they are so darn volatile, where do you set a stop?

I did some analysis of parabolic moves a few years ago, and it was better to use a very wide trailing stop (eg. 30%, 50%) than take profits on the way up. If you can stomach the roller coaster ride, it's probably better to HODL.

That would be best in my case. Knowing my luck, I'd either end up losing my wallet or holding them on an exchange which goes bust or gets hacked. Of course, also knowing my luck (at investing), if I start buying then the crypto market is f*cked. So, it might be in your best interests to...

Noticed recently that you can now do this. (Currently only Bitcoin, Ethereum, Bitcoin Cash and Litecoin) Anyone looked into this? I'm guessing it might not be the cheapest way to buy and sell (higher transaction fees?) but it's convenient if you already have a PayPal account, and at least...

Apart from Central Banks, who are the investment buyers of PMs these days? Joe public only seems interested in cryptos and stocks. Are PMs dead as an investment? Superseded and rendered obsolete by Bitcoin?

I've been hearing that broken record for the past 9 years.