BTC ATH tonight. over $6000/btc!
- Thread starter johnarb
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https://www.coindesk.com/4-billion-russian-man-arrested-alleged-bitcoin-money-laundering-scheme/
https://darkwebnews.com/bitcoin/3-men-arrested-by-russian-police/
Looks like the average US citizen going to church every sunday...
I made a (2 year) study to find out what I would have earned investing in bitcoins versus my actual trading. so I applied the same rules and risk management. the conclusion is that I make more money now then I would make trading bitcoins. in bitcoins I would be stopped out a few times in the huge drawdowns and should find each time a new entry point again, which would apparently be detremental for the way I trade.
so I don't care what the bitcoin will do and will never regret not buying it. I also sleep very good as I have no overnight positions.
even if the bitcoin would be go up an up, 99% of the people will never make all this money. compare it to buy and hold Apple, Google... I don't know anybody who became very rich in these stocks. and in these stocks there where not the huge drawdowns as in bitcoins.
it is for almost all people an illusion to think that they will become very rich from their bitcoins.
so I don't care what the bitcoin will do and will never regret not buying it. I also sleep very good as I have no overnight positions.
even if the bitcoin would be go up an up, 99% of the people will never make all this money. compare it to buy and hold Apple, Google... I don't know anybody who became very rich in these stocks. and in these stocks there where not the huge drawdowns as in bitcoins.
it is for almost all people an illusion to think that they will become very rich from their bitcoins.
This is why "Hodler" (written the wrong way) is a thing among my friends in the Bitcoin world. We buy and hold, and understand that its inherent volatility isn't important for technologies/innovations with an S-curve. With this knowledge I sleep very well, also.
I myself bought at $100 and at that time I calculated/predicted that $7000 will be reached in some years (see my posts here at ET from 2013/2014). No illusion at all, just confidence.
By the way: my prediction for late 2020, is at least $10.000. But probably too conservative as 2020 is also the next Halving-year (so price has the tendency to double from 2019). $20.000 might be a better goal.
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why should he be joking? maybe he has only $100 in his 401k.
No, joking.... because Pekelo is a Bitcoin troll/skeptic from 2013. But recently his stance is more moderated. I would be very surprised if he really buys some Bitcoins now...
And?
There are frauds of all kinds. Always have, always will.
But bitcoin bashers only see the ones that "prove" their point.
all the big ones are frauds. just follow for some time the flow of bids and asks, and see how many or rather how few big transactions you see. in volume the biggest part is criminal money. anonimity attracts criminals. show me the frauds of that size in the normal banking system, and also compare the volume in the normal banking system which is thousands of times bigger. percentage wise there are much more frauds in cryptocurrencies. where would you do a transaction as criminal? in the normal banking system where they can find you, or in the anonymous system (which is not so anonymous as people think, and some experienced the hard way)?
Show me the fraud ... at all. You have no proof. Only the media reporting and you parroting what the gubmint wants them to report.
You tell me how a spin off of Bitcoin has an out of door $700 valuation. I guess we could use other words than fraud, but if it was let's say Italian stamps, you would call it fraud.
Your prejudices are contradicted by the facts! All the major institutions: EU, IMF, FBI and Central banks have researched bitcoin criminal use. And all conclude that it happens but it's relatively to other assets very rare!.
Just see what the BankOfEngland and the EU said:
