Bitcoin Price Thread
- Thread starter Magna
- Start date
Way above my pay grade!!I completely disagree.
- The only thing that matters is the price you bought and the price you sold (or the actual price if you keep them). That means that all these so called limited availability is in the actual price. So we see in the actual market price the "value" of the so called limited availability. As long as the market does not go up, it means that the market is not buying the fairy tale of the so called limited availability.
- From the creation of BTC, which is already more than a decade ago, they are already hammering on this so called limited availability, but we don't see much impact on the prices. This so called limited availability is increasing every day, but nevertheless BTC crashes from time to time. That is not logical for an item with increasing so called limited availability. It should go up all the time. I would have questions if I would invest in a commodity with as strongest argument the so called limited availability, that crashes 75%.
- Switching from fiat currencies to BTC would only good for the original holders. Because, assuming that there is a limited availability, they will in fact control the whole world. Everybody so have to switch from fiat to BTC. But who will then accept fiat currencies as it will disappear and be a total loss? Ultimately, theoretically the total value of all fiat currencies would be replaced by 21 million BTC. So, assuming that the whales now control 25% of BTC, they would control 25% of the total value of all fiat currencies. Which in fact would mean that they will be rich and the rest of the world will live in poverty as they cannot afford to pay $10MM for just 1 BTC.
- It is
like a devaluation of currencies like we see in many poor countries. People would have to pay each day more and more for the same goods. All prices would be in BTC, and most people would only have fiat currencies so they have to buy BTC. If you want to buy a house you might have to pay 5 times or even more than you ever would have had to pay in fiat currencies. And who will still accept the worthless fiat currencies?
BTC to me is an attempt/scam to move the wealth from the entire world to a happy few.
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(80+110+80+95+105) / 5 = ............... 94 years
Bashing of indicators missing the point of their use - as just another tool.
If you need to cut a piece of lumber you don't use a hammer. If you want to nail a piece of wood to another piece you don't use a saw. To build a house you don't use one tool and not the other, plus many others.
To trade I use all the tools: price, time, space, volume, momentum, support and resistance.
If you need to cut a piece of lumber you don't use a hammer. If you want to nail a piece of wood to another piece you don't use a saw. To build a house you don't use one tool and not the other, plus many others.
To trade I use all the tools: price, time, space, volume, momentum, support and resistance.
Besides price trend, what are the best indicators for Bitcoin? Two that come to mind are (i) its market share within crypto, defined as Bitcoin's market cap divided by the sum of all crypto market caps, and (ii) its network effect. Network effect is complex, and I don't know how to estimate it.
Nice bit of lateral thinking.
I realized already very quick that my self destructive behavior was caused by my brain that was controlling me. That's why I "reprogrammed" my brain, and removed all the automatic reflexes generated by my brain. I had to overrule my brain and trust the system unconditionally for 100%. Took me a very long time before that really worked, because for decades my brain was the boss. Reprogramming was very hard.
I compared it with driving a car at 100mph to a concrete wall and trust that the automatic braking system will brake just in time to not hit the wall.
I agree. I had more or less the some experience.
