Bitcoin Price Thread

See, BTC is about to break out higher. By this time tomorrow, it will be a lot higher IMO. And you'd be kicking yourself for having missed the train. Sadly, that's life. Either you get on that train or you don't. It all comes down to making a choice.

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johnarb said:
Is it still insignificant amount? How about when bitcoin goes to $1M, will it still be insignificant?
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Yes it's still insignificant net worth wise because other investments have done well too, and our biggest asset (our house) has nearly doubled in value since then.

Of course, if it does go to $1M then that might be a different story...
 
Ed48 said:
Yes it's still insignificant net worth wise because other investments have done well too, and our biggest asset (our house) has nearly doubled in value since then.

Of course, if it does go to $1M then that might be a different story...
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Congrats on the house value appreciation

It also cost you more than double the purchase price due to interest if it's paid off, or if not paid off, you simply had a leveraged trade and benefited substantially on the loan making money, could have had better returns putting the same amount in S&P index over the same time

fiat money is being debased, hence nominal price of assets go up

Let's put things into context, what was your cost basis for the btc investment 1% of your net worth?
 
johnarb said:
Congrats on the house value appreciation

It also cost you more than double the purchase price due to interest if it's paid off, or if not paid off, you simply had a leveraged trade and benefited substantially on the loan making money, could have had better returns putting the same amount in S&P index over the same time

fiat money is being debased, hence nominal price of assets go up

Let's put things into context, what was your cost basis for the btc investment 1% of your net worth?
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Yes but we also get the benefit of somewhere nice to live. Some things in life are more important than money. :) (The house is paid off - mortgage free.)

I invested £6k in BTC, now worth £35k. I'm not complaining but it's not life changing......................yet.
 
Ed48 said:
Yes but we also get the benefit of somewhere nice to live. Some things in life are more important than money. :) (The house is paid off - mortgage free.)

I invested £6k in BTC, now worth £35k. I'm not complaining but it's not life changing......................yet.
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Sorry I didn't mean your invested amount as that would disclose too much info, nevertheless, your answer provides more context

Bitcoin at $200k would be significant in the context that it's equivalent to a 6 figure value in your currency and a 2 order magnitude increase from the invested capital

Another 10x from that point would bring to 7-figure value in your currency might be considered life-changing, when bitcoin is at $2M each... doable in 10-15 years

Onward and upward
 
i am telling you the only thing this market is good for is market manipulation; pump and dumping, squeezing shorts and suckering in the retailors, institutional funds and moms and pops into the ponzi scheme

This is the only use case and it's something Bitcoin is best at

there is ZERO organic flow to this market, it's ALL fake
 
Although I made a small investment, I've never been very comfortable with it. It's always seemed like pure speculation to me. The electricity consumption doesn't sit well either.

Trump becoming a fanboy is a bit of a turn-off too, although he's probably only done it to grab votes.
 
Ed48 said:
Although I made a small investment, I've never been very comfortable with it. It's always seemed like pure speculation to me. The electricity consumption doesn't sit well either.

Trump becoming a fanboy is a bit of a turn-off too, although he's probably only done it to grab votes.
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How much do you think it should cost to maintain the hardest form of money ever created? If you want decentralization, that comes at a price. If you want to ensure that nobody can change the transaction history, that also has a price. If you want it to remain permissionless, that doesn't come cheap. Who would trust the network if it was too easy to take it down?
 
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