FOMO Bitcoins run to $1 million

[DarthSidious]

i'm shakin in my boots. call me when the singularity in honchospace is well on the way toward bustola so's i can shart my pantaloons.

It's not about shitting your pants. Everyone shits. As long as you have a plan when you shart it

Edit: Looks like you do it on the regular and are quite used to it. Carry on

 

[systematictrader]

I caved today. I don't really believe in bitcoin, but the FOMO is real. Not going crazy. Just put $5k into bitcoin. Worst case scenario, we go to zero and I lose it all(not very likely) Best case, we go to a million and I pay off my house.

And if it futures goes negative ?

 

[systematictrader]

better learn to trade rather then to invest.
This way if

FOMO Bitcoins run to $1 million or
FOMO Bitcoins run to $1

you will earn tons of money.

Just put $5k to trade bitcoin.
Bitcoin runs to $1 million, it pays off your houses.
Bitcoin runs to $1, it also pay off your houses.

_____________________

Hahahahahha
I got to say this is the best post ive seen in years and on the point and fucking TRUE
Of course the key is to learn and apply
But solid solid solid my man
Super solid

 

[Nobert]

I caved today. I don't really believe in bitcoin, but the FOMO is real. Not going crazy. Just put $5k into bitcoin. Worst case scenario, we go to zero and I lose it all(not very likely) Best case, we go to a million and I pay off my house.

Man, this idea was smashed multiple times.
(even without the potential crashes, calculated in, thus it would take 30% - 60% longer)

3'rd post from the top :

https://www.elitetrader.com/et/thre...-million-by-feb-1st-2028.338077/#post-4967133

 

[systematictrader]

But that's the nice thing about bitcoin -- it's not trading, it's like a lottery ticket that doesn't expire. You put in your 5k, and someday, it may shoot up, or it may not. But it's completely hands-off.

Lottery usually have one or few winners
Never many
And never the public

i do NOT agree its an accurate comparison

 

[systematictrader]

Bitcoin to a million??

Never going to happen.

Could reach new highs, but a million, nope

That would put over a $20 trillion valuation on coin that was created out of thin air.

At one point it was being accepted as form of payment, it still is, but since valuation has dropped and the hype has totally disappeared you don't hear much of anyone willing to accept it as form of payment anymore.

And too volatile to be accepted as a form of payment. Who wants to use real money to buy a coin that could be worth 9879 one day and 8392 next week is pointless.

And some believe its easy to use bitcoin, the computer techy type might think that, but the other masses of people wouldn't find it easy to buy fractions of a bitcoin using real money .....to buy fake money using real money to then go purchase an item they could have originally and easily paid for using greenbacks....

You remind me of a guy at a bar who
Couldn't stop arguing with me one time
When he heard iam a trader and this was at the hype of bitcoin, he kept insisting that bitcoin will replace the dollar thats why the value of it is sooo high, i dont remember the price back then but higher than today, after endless talk i realized the conversation wont end till i asked him the question after he repeated his statement of bitcoin replacing the dollar and going sooooo high, i asked him so high in terms of what? He said price, money, dollars, i asked him , how can it be so high and replace the very same thing (the dollar) that is (valuing it) /making/pricing it so high, if the dollar is replaced, whats the price of a bitcoin? He paused for a long time and i used the opportunity to say bye and walked away

i wonder where he is at these days

i learned a big thing from that guy to never mention that iam a trader or that i trade at all to begin with to most people

 

[Nobert]

That would put over a $20 trillion valuation on coin that was created out of thin air.

Not only that, but what size of that junk, would be/still is in the hands of ,,organizations'' like Mexican Cartels.

And US with EU would sit by just watchin em Sanchos & Chuans, selling coco, making trillions and putting it into cryptos, without taking action to stop it.


US government decides to put cartels on the list of terrorist organizations, BTC goes bust same day. And that's one of the many scenarios, how it could go bust.

Time is the enemy for BTC, no legal fundamentals whatsoever.

 

[systematictrader]

Not only that, but what size of that junk, would be in the hands of ,,organizations'' like Mexican Cartels.

And US and EU would sit by just watchin em Sanchos & Chuans, selling coco and making trillions and putting it into cryptos.

nice

 

[maxinger]

Hahahahahha
I got to say this is the best post ive seen in years and on the point and fucking TRUE
Of course the key is to learn and apply
But solid solid solid my man
Super solid

well. today during Asian session, I was too bored with the market;
so I entertained myself & wrote something in ET.
I hope that writeup was not too offensive.

now during today Europe session, I am still trying to entertain myself because market hardly moved.

 

[Amun Ra]

Bitcoin to a million??

Never going to happen.

Could reach new highs, but a million, nope

That would put over a $20 trillion valuation on coin that was created out of thin air.

At one point it was being accepted as form of payment, it still is, but since valuation has dropped and the hype has totally disappeared you don't hear much of anyone willing to accept it as form of payment anymore.

And too volatile to be accepted as a form of payment. Who wants to use real money to buy a coin that could be worth 9879 one day and 8392 next week is pointless.

And some believe its easy to use bitcoin, the computer techy type might think that, but the other masses of people wouldn't find it easy to buy fractions of a bitcoin using real money .....to buy fake money using real money to then go purchase an item they could have originally and easily paid for using greenbacks....

Technically yes, it would be over a $20 trillion valuation, but at the same time it wouldn't. How many millions of coins have already been lost and will never be recovered? I actually lost about $25 worth of bitcoin which would now be worth about $900 today because I stored it in the wrong place. There's no telling how many countless stories like that there are.