Bitcoin Should Be Worth $400,000, Guggenheim's Minerd Says

[johnarb]

No, you can't believe everything you hear, Bitcoin can go anywhere it can go to 40k just like it can go to 400k or even higher. The thing is to have a set plan wherever it goes, and stick to it. If you are too greedy in this game you will lose.

That was a tongue-in-cheek post from me.

Personally and obviously not investment advise, we do not plan to cash out all of our cryptos to fiat, but there's certain cryptos pfolio milestones where we plan "to do stuff".

For example, I know It's stupid, but if we hit 7 figures pfolio valuation, we'll trade our current vehicle to a Tesla.

Here's the thing, it's very possible for it to happen very soon. Another day like today and we're there and we don't want to do anything like that without meeting with our tax cpa and that's not until next year, so I guess in a way, it forces us not to be impulsive and to sit tight and hodl

 

[Overnight]

...

Here's the thing, it's very possible for it to happen very soon. Another day like today and we're there and we don't want to do anything like that without meeting with our tax cpa and that's not until next year, so I guess in a way, it forces us not to be impulsive and to sit tight and hodl

Under Biden, if you earn more than $400K, your capital gains tax will increase. You better start talking with your CPA now and discuss the advantages over disadvantages of HODL until next year.

 

[johnarb]

Under Biden, if you earn more than $400K, your capital gains tax will increase. You better start talking with your CPA now and discuss the advantages over disadvantages of HODL until next year.

You make a very good point. Incidentally, we have thought maybe we can get an appointment now since it's not busy season for tax professionals, but then the issue is it's a holiday season plus Covid. Perhaps we should suggest consultation through Zoom...

 

[kroxobor]

"Bitcoin should be worth about $400,000" reaction Whoa!

https://www.bloomberg.com/news/vide...-worth-400-000-guggenheim-s-minerd-says-video

Bitcoin Should Be Worth $400,000, Guggenheim's Minerd Says

• Bloomberg Markets
• TV Shows

December 16th, 2020, 12:00 PM PST
Scott Minerd, Guggenheim Global chief investment officer, says his interest in Bitcoin is tied to Federal Reserve monetary policy. He speaks on "Bloomberg Markets." (Source: Bloomberg)

Guys we have to admit one simple thing - Bitcoin is the first "Ponzi scheme" which made DOUBLE top and sustained ALL criticism so far. Due to this there is currently no resistance to the upside if government won't force it down again.

 

[padutrader]

expect a big fall

 

[Scataphagos]

Of course it should. Afterall, it is a digital string of numbers and letters. If that isn't worth $400K, what is?

When BTC gets to $400,000... one string of numbers will be worth the same as 10,000 BBL of oil @ $40.

Hard to get my mind around that.

 

[Scataphagos]

Guys we have to admit one simple thing - Bitcoin is the first "Ponzi scheme" which made DOUBLE top and sustained ALL criticism so far. Due to this there is currently no resistance to the upside if government won't force it down again.

Take THAT, tulip bulbs! Ha!

 

[S2007S]

Interestingly, my 4G signal appears out of thin air too yet I'm somehow charged for it. What is this voodoo magic?

Hahah. You are comparing 4g to bitcoin....yikes.

 

[S2007S]

Isn't that what every stock does after it's all time high? Tell us something we don't already know

If thats the case then why are people rushing in to consistently buy thinking its only going higher. The music will stop just like it always does as people are getting extremely greedy....

World wide stock values are now over $100 trillion. Never ever seen such heights and this is all happening because of the central banks...without tbem world wide market values would be 70% lower.

 

[maxinger]

hope there is no Tulipmania #2.