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  1. johnarb

    Bitcoin is the gold of the modern era

    There's nothing that I can think of that is like bitcoin except maybe gold. It's a black swan. $0.0025 to $11,800 ($25 for 2 pizzas for 10,000 bitcoins) People will say tulips, but tulips did not last over 10 years and did not recover once it crashed, which bitcoin has done a dozen...
  2. johnarb

    Bitcoin Price Thread

    touche' but you're only looking at exactly buying the top, what about the bottom when it goes 400% up? DCA is the answer to have a relatively midrange cost-basis. I was using SOV and investment asset interchangeably as bitcoin is still a highly volatile asset as it hasn't reached fair...
  3. johnarb

    Bitcoin's Blowout Rally Exerts Pain as Record Shorts Get Burned

    It's easy to make a perfect call in hindsight. It's easy to make perfect trades when you have nothing at risk. On the bitcoin price thread, you were so brave to point out when bitcoin was at $8K level a month ago that you will be looking at short opportunities when bitcoin hits $10K. Based on...
  4. johnarb

    Bitcoin's Blowout Rally Exerts Pain as Record Shorts Get Burned

    I've been in bitcoin (cryptos) since 2013 and I do agree there's lots of money to be made. China used to be the biggest thing for bitcoin and any small news (i.e. China ban) would cause a big move downward but China news has been a non-mover for a while now. When China made an announcement a few...
  5. johnarb

    Global Macro Trading Journal

    There's a tremendous cost to you on what you're describing with no benefit to anyone except the bitcoin miners. You can setup hundreds or even thousands of wallets (they're absolutely free), but each transaction (bitcoin transfer from one bitcoin address to another) requires a transaction fee...
  6. johnarb

    Bitcoin's Blowout Rally Exerts Pain as Record Shorts Get Burned

    My simplistic view of the market situation and could be completely wrong or partially right. The Zucc coin was for sensationalism, but cryptos universe would welcome a successful Libra coin as it brings market adoption and does not compete with bitcoin on the SOV function as it's a stablecoin...
  7. johnarb

    Bitcoin Price Thread

    Anything is possible, but I saw post on Twitter alluding to some futures pricing in $15K in the near future. I just briefly saw something about a WSJ article as being the source but couldn't find it. Who knows how "true" it is...
  8. johnarb

    Bitcoin Price Thread

    Please quote one of my crybaby posts whining about "manipulation" during the 2018 bear market in bitcoin when bitcoin was constantly selling off?
  9. johnarb

    Bitcoin Price Thread

    So, are you saying that markets are manipulated? omg, who woulda thunk? So, let me get this straight, after 10 years of QE and trillions of $ printed to prop up the US Stock Markets, the bond markets, the real estate markets and every known market globally, you're concerned about little, tiny...
  10. johnarb

    Bitcoin's Blowout Rally Exerts Pain as Record Shorts Get Burned

    lol https://www.bloomberg.com/news/articles/2019-06-26/bitcoin-s-monster-rally-exerts-pain-as-record-shorts-get-burned The frenzied relationship between Bitcoin and its skeptics is reaching a boiling point. Speculators who bought futures contracts to bet against the largest digital currency...
  11. johnarb

    Bitcoin Price Thread

    I don't know how many times I have to tell you this, I'm not on the bitcoin as a currency camp, I'm on the bitcoin as a store of value camp (i.e investment asset). I do appreciate the ability to spend a portion of my investments directly to a merchant vs the gold I have in the safe. In 2013...
  12. johnarb

    Bitcoin Price Thread

    Nothing exciting in bitcoin? Hmmmm, Fidelity, E-Trade, Ameritrade NYSE (ICE) are not exciting enough which bitcoin didn't have in the 2017 bull market, or how about from $3,200 to $12,900 in less than 1 year? Reminds me of a fable, but hey, whatever makes you happy. Gold broke out to new highs...
  13. johnarb

    Bitcoin Price Thread

    what happened to you and your friends? All of you disappeared? When bitcoin had that epic pullback bear-trap from $8K to $6400, you guys couldn't shut up posting one after another, lol. We crossed, $9K, $10K, $11K, $12K and $13K is in danger of being crossed as well and not a word from any of...
  14. johnarb

    Bitcoin Price Thread

    I'm assuming that "to bail" is to sell for $/fiat, but the strategy that many long term crypto-enthusiasts (me included) have taken is to only sell what is needed based on personal circumstances and to hold the rest. It's the same if someone really believed in AMZN and bought a long time ago...
  15. johnarb

    Bitcoin Price Thread

    Thanks for the reply. Your answer makes a lot of sense. It's a stark contrast to your post when btc was at $8K and you posted that you were planning to short at $10K as if there's some magical signal when it crosses the $10K. It's just a number and last night it crossed $11K but below it...
  16. johnarb

    Bitcoin Price Thread

    Are you shorting btc, yet?
  17. johnarb

    Quadriga Probe

    This Quadriga shit is still being discussed? It's an exchange that no one ever heard of in cryptosphere. While wasting time here, bitcoin is on an unstoppable bull market trouncing 99.9% of other investment assets year to date.
  18. johnarb

    Bitcoin Price Thread

    lol, the people celebrating when bitcoin went down are nowhere in sight. I wonder why? Oh, bitcoin is over $10,750 right now, up over $1K in less than 24 hours :sneaky::sneaky::sneaky:
  19. johnarb

    Bitcoin Price Thread

    I am on topic, though, as this is about bitcoin price thread. The market doesn't care about what you and I mind :D Just like I may not think Facebook is worth whatever its current price or future price may be, it just is or will be.
  20. johnarb

    Bitcoin billionaires Tyler and Cameron Winklevoss

    https://www.cbsnews.com/news/bitcoin-billionaires-cameron-and-tyler-winklevoss-gemini/?ftag=CNM-00-10aab8c&linkId=69084808 Their names are Cameron and Tyler Winklevoss, identical twins and Olympic athletes, famously portrayed in the film "The Social Network" as a privileged pair of handsome...
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