Bitcoin Price Thread

S2007S said:
Forget bitcoin $12,000 or $22,000 or $40,000 or $100,000 or $178,000....you can forget about bitcoin$234,000 or $287,000....forget about $332,000 and $475,000 forget about $577,000 and 607,000 and 882,000 forget about bitcoin $909,000 and $917,000 .....Mr. McAfee already says it's going ton$1,000,000 by 2020....so everyone buy 1 Bitcoin at $11000 and sit back and collect your free $990,000 Worth of profits in only 2 years!!!! Why even bother with stocks...or real estate...forget about working...where can you invest a little over $10000 and receive a $1,000,000 bucks in only 2 years.....no one has to work....just buy bitcoin and make free money forever and ever and ever and ever and ever....why even stop at a million....it's going to go to $3 million and then$8 million and eventually $12 million by 2023.....you can't lose money since it only goes straight up...keep buying......


Cybersecurity pioneer and eclectic personality John McAfee raised his 2020 bitcoin price target to $1 million, and his bet will undoubtedly leave even the most ardent bitcoin skeptic praying that he’s right.
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S2007S - Not often I put people on ignore but congrats after so much nonsense you one of the few!
 
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S2007S said:
Forget bitcoin $12,000 or $22,000 or $40,000 or $100,000 or $178,000....you can forget about bitcoin$234,000 or $287,000....forget about $332,000 and $475,000 forget about $577,000 and 607,000 and 882,000 forget about bitcoin $909,000 and $917,000 .....Mr. McAfee already says it's going ton$1,000,000 by 2020....so everyone buy 1 Bitcoin at $11000 and sit back and collect your free $990,000 Worth of profits in only 2 years!!!! Why even bother with stocks...or real estate...forget about working...where can you invest a little over $10000 and receive a $1,000,000 bucks in only 2 years.....no one has to work....just buy bitcoin and make free money forever and ever and ever and ever and ever....why even stop at a million....it's going to go to $3 million and then$8 million and eventually $12 million by 2023.....you can't lose money since it only goes straight up...keep buying......


Cybersecurity pioneer and eclectic personality John McAfee raised his 2020 bitcoin price target to $1 million, and his bet will undoubtedly leave even the most ardent bitcoin skeptic praying that he’s right.
More...
How could you be so sure?
 
S2007S said:
Mr. McAfee already says it's going ton$1,000,000 by 2020....so everyone buy 1 Bitcoin at $11000 and sit back and collect your free $990,000
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Actually if you buy at $11000 and it goes to a million, you only collect a 'free' $989,000.....
 
There are three weak points in holding bitcoins versus trading:
  • compounding
  • frequency
  • leverage
But I am afraid the majority doesn't even understand what I am posting.
You can beat the bitcoin's performance while having less risk and less drawdowns.
 
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schweiz said:
There are two weak points in holding bitcoins versus trading:
  • compounding
  • frequency
But I am afraid the majority doesn't even understand what I am posting.
You can beat the bitcoin's performance while having less risk and less drawdowns.
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Why would you suggest that the majority of ET can't understand your thinking here? It is same as holding SPX for the long term vs trading ES. IF you are a good trader then go for it.
 
Illini Trader said:
Why would you suggest that the majority of ET can't understand your thinking here? It is same as holding SPX for the long term vs trading ES. IF you are a good trader then go for it.
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I posted already in past that I have better risk reward options (don't confuse with options trading, option is used in the meaning of alternative) then buying bitcoins. But each person should decide what he wants to do as he will take the reward or the damage, depending on the final outcome.

But I repeat: a lot of people have no idea how to calculate potential profits and their risk rewards.

PS:it is clearly NOT "holding SPX for the long term vs trading ES". And I forgot 1 extra weak point: leverage.
I also have a huge problem with comparing" holding SPX for the long term" with "holding bitcoin for the long term". Watch behavior of both, there is a huge difference between the two.
 
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schweiz said:
I also have a huge problem with comparing" holding SPX for the long term" with "holding bitcoin for the long term". Watch behavior of both, there is a huge difference between the two.
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I agree completely. I was just using that as a comparative example.
 
"...CME and CBOE are competing to dominate the market for bitcoin derivatives by offering different products. They also have different systems for pricing their products. CME is relying on a daily reference rate based on data from a aful of constituent exchanges. The rate is set daily at 4 pm ET London Time..."

So... does mean it's going to be like mutual funds with their "end of day" pricing... and no intraday trading??
 
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