Bitcoin Price Thread

HolyGrailSeeker said:
Same analogy applies to a copycat bitcoin.
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This is a good analogy. The only problem with BTC that technically speaking it is not even in the top 5 best cryptos. So people sticking to it purely for speculative reasons, not because it is practically the best for using it as a currency.
 
johnarb said:
This thread got quiet when bitcoin stopped the downtrend, hmm...
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Because really nothing new is happening. BTC could be at 30K and it wouldn't change my mind just like it could be at 2K and it wouldn't change yours. :)

I find the Craig court case way more interesting. Also waiting for the next brokerage exit scam. But BTC's price fluctuating? Nah....
 
Pekelo said:
This is a good analogy. The only problem with BTC that technically speaking it is not even in the top 5 best cryptos. So people sticking to it purely for speculative reasons, not because it is practically the best for using it as a currency.
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'technically speaking'.... ok
 
Pekelo said:
Because really nothing new is happening. BTC could be at 30K and it wouldn't change my mind just like it could be at 2K and it wouldn't change yours. :)

I find the Craig court case way more interesting. Also waiting for the next brokerage exit scam. But BTC's price fluctuating? Nah....
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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.
 
johnarb said:
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.
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If Jesse Livermore was alive today he for sure would have invested some in bitcoin and probably would have done so pretty early.

One of his sayings is a person should not be too concerned on why the price moves upwards or downwards. By the time you find out why, it is already too late.
 
Pekelo said:
This is a good analogy. The only problem with BTC that technically speaking it is not even in the top 5 best cryptos. So people sticking to it purely for speculative reasons, not because it is practically the best for using it as a currency.
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What do you think are the top 5 cryptos that will overtake bitcoin then?
 
HolyGrailSeeker said:
top 5 cryptos that will overtake bitcoin then?
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I didn't say they will overtake BTC, at least they haven't by price or usage. BTC will stay the flavor of the month for quite some time, because its history and cult status. But judging by just pure usability and technical features LTC, BCH, Monero, ETH are all better than BTC for the currency role. Probably there are 3-4 more, I don't follow the crypto world that closely.
 
Bitcoin is used as a means of exchange. Real cases (drugs, guns etc.) that justifies its fundamental value. You can also include here money laundering, moving capital abroad, corruption payments etc. Other coins are mostly hype.
 
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