Then you are a bad trader, because obviously you should have cashed out in 2017 and bought back under 4K.
BTC - who still laughs about it?!
- Thread starter Fx-Game
- Start date
Then you are a bad trader, because obviously you should have cashed out in 2017 and bought back under 4K.
What you haven't posted is new arguments or facts or even more importantly, new inventions about Bitcoin. It is still 7 transactions per second, hardly able to handle the needs of an Albanian village.(you get the point)
Not to mention if you paid with Bitcoin for anything in the last 9 months, you hugely overpaid. That coffee back in March? Yeap, that was actually $25 in today's value. But you are a crypto millionaire, so you can handle it.
So until we hear something actually new, no, our position won't change.
What you haven't posted is new arguments or facts or even more importantly, new inventions about Bitcoin. It is still 7 transactions per second, hardly able to handle the needs of an Albanian village.(you get the point)
Not to mention if you paid with Bitcoin for anything in the last 9 months, you hugely overpaid. That coffee back in March? Yeap, that was actually $25 in today's value. But you are a crypto millionaire, so you can handle it.
So until we hear something actually new, no, our position won't change.
i see bitcoin as investment asset or SoV with a bonus of being a payment option. You know this is my view on it
Don't spend bitcoin unless you want to cash out. Same with Tesla, if you sold to buy that computer when it was $200 pre-split. Spend fiat instead. Use credit. Low interest rate environment right now
But that is not what it was invented for. Satoshi in his vault is spinning so hard, he should be hooked up to a crypto mine.
Since you asked why we like r/buttcoin so much, because there are these kind of well thought, well reasoned arguments there what NONE of the crypto fans can refute:
robertbieber:
"This actually brings up a really interesting point which would be a major issue if people ever started using crypto for any significant volume of real-world transactions: how do we collectively decide which coins have value? With the exception of stablecoins (which I'm assuming are mostly, if not all, scams anyways), there's absolutely nothing backing a cryptocurrency, even less than fiat currencies which have the backing of real world governments using them. It costs nothing to spin up a new blockchain, as long as you can convince some people to use it.
Now add in the fact that every cryptocurrency is basically a pyramid scheme on a massive scale, in that if you get in on the ground floor and actually get people to adopt it, you can reap an absolutely obscene amount of money for almost no effort. The amount of wealth controlled by the biggest bitcoin holders would make them the richest people to have ever existed by a huge margin if the world economy ever moved to bitcoin. So how do you solve the constant thrash of (a) people who are filthy rich in the earlier cryptocurrencies insisting that theirs are the only coins anyone should care about, (b) people trying to introduce new, more useful cryptocurrencies that would completely upset the wealth balance of the world if they take off, and (c) people trying to pretend that they're actually part of group (b) and pushing minor but ultimately useless changes just to get people going on a new blockchain that they hold a big chunk of?
Right now the answer is "it's all just kind of a casino and people bet on the shitcoins," but the whole crypto ecosystem is basically just an elaborate joke at this point. If the world ever started doing most of its transactions in crypto (which, lol), this would be a major problem that would add one more point of anxiety for the average person just trying to earn money, save and spend it. Imagine coming back from a vacation in the mountains to discover that your life savings is now basically worthless because everyone jumped ship from Bitcoin Cash 2.0 to Bitcash CoinMoney Reloaded while you were off the grid."
P.S.: Also, I am banned from r/bitcoin as you can imagine, I need a forum where I can actually exchange views.
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BTC being super limited asset will have massive spikes up when demand for where to stash the minted trillions the Fed is putting out there rears its pretty head
. Especially since most govts are not providing the requisite safe environment for the average Joe to go spend their stimulus money. So, just ride the hot-potato ride while it lasts with your 'good money management rules'
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Thanks for that part.
There is ALWAYS someone in these threads claiming "I bought when it was just a few dollars."
ALWAYS. It's like there are millions of them. Odd, really odd.
No much else to say than what he has. Another bullshitter on the net.
The last time I did swing trading was decades ago. Time to get ready to swing trade and short btc and profit very very very massively from tulip mania #2.
Target is $20000, $10000, $1000, $100, $10, $1, 10cent or lower.
Be patient and alert. Signal can come anytime.
What goes up massively will surely come down massively. Do note that cryptocurrency has infinite supply and limited demand.
Be patient. Be very patient.
This might be mother of all opportunity!!
Will it happen on 2nd Jan 2021? No idea
Target is $20000, $10000, $1000, $100, $10, $1, 10cent or lower.
Be patient and alert. Signal can come anytime.
What goes up massively will surely come down massively. Do note that cryptocurrency has infinite supply and limited demand.
Be patient. Be very patient.
This might be mother of all opportunity!!
Will it happen on 2nd Jan 2021? No idea
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