If you bought Bitcoin on Friday, you have lost almost 28%

just21 said:
Tulip mania 6000%
Bitcoin 2010-2013 8,160,000%
Bitcoin 2013 6145%

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And? This numbers don't tell much. Bubbles usually don't last for 7 years. They come and go quickly. APPL rose from $1 in 2003 to $156 today. Is it in a bubble now?
Bitcoin is a new(!) technology which undergoes a process of slow evolution, winning slowly public recognition & its market share of financial activities. It didn't go mainstream yet to be in a bubble and it has a plenty of room to go.
What is the right price of Bitcoin in your mind?
 
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gkishot said:
They come and go quickly. APPL rose from $1 in 2003 to $156 today. Is it in a bubble now?
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The Israeli and Swiss central banks are selling their currencies for dollars, to stop them appreciating, and buying Apple. As there is no limit to the amount of money central banks can create the central bank bubble could go on for a long time. As people realise all inflationary paper money is being debased they will look for deflationary assets such as bitcoin.
 
Wow visitors on ET must be hitting a new all time low, if @Pekelo needs to shill for threads. Are there ET site visitor futures? Or bounce rate futures?
 
This:
Bitcoin daily chart.png



Sorta reminds me of the beginning of this:


SilverMonthlyChart.png
 
Yawn. BTC average across exchanges is maybe -10% since Friday and now ETH is actually positive. Time is 350AM EST May 28.

All this talk about crypto bubbles, but nobody really trading this. Yet people wonder why tickfucking ES is not making them money.
 
jj90 said:
Yawn. BTC average across exchanges is maybe -10% since Friday and now ETH is actually positive. Time is 350AM EST May 28.

All this talk about crypto bubbles, but nobody really trading this. Yet people wonder why tickfucking ES is not making them money.
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All this talk about what happened in the past but no predictions about the future. Yawn!
 
gkishot said:
What is the right price of Bitcoin in your mind?
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The right price should be at least the price you paid for it, if not you lose money.

At this moment I follow the strategy of Warren Buffett: I never invest in things I don't understand.
I will miss good opportunities, but I will also miss huge losses. Even things I understand can go wrong, so with things I don't understand the losses can only be bigger.
Doing things you don't understand have a much higher probability of creating big (or even fatal) losses.
 
Mtrader said:
The right price should be at least the price you paid for it, if not you lose money.

At this moment I follow the strategy of Warren Buffett: I never invest in things I don't understand.
I will miss good opportunities, but I will also miss huge losses. Even things I understand can go wrong, so with things I don't understand the losses can only be bigger.
Doing things you don't understand have a much higher probability of creating big (or even fatal) losses.
More...
Bitcoin is just alternative currency and more. Do you understand fiat currency? What about gold?
 
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