it's (bitcoin) the wrong market cap, for instance, relative to gold, - Paul Tudor Jones

[cesfx]

When the value of a $20,000 USD car goes from 2 BTC to 1 BTC in a month, you can be damned sure I will call foul on the BTC. After all, until the BTC becomes the base unit of currency for the world, all 21 million of them, it will be worth nothing on it's own. Only against the USD.

Until the power goes out, or the exchange gets hacked and 1,000 BTC get stolen. And then?

It's the fact that you can't value it against what we normally pay for, that gives BTC potential.
This is the reason why, it is on a hyperbolic trend and might not retrace to the abyss... it probably shouldn't even be analysed on chart or fundamentally like any other asset. It is a disruptive, different and attractive form of exchange, we call them currencies but they really are not. Probably BTC it's not even the best of them.

 

[Pekelo]

It has that historical integrity..

That word is meaningless. It is like a preacher BSing his folks.

The correct answer is: The world is flush with money, it needs to go somewhere. It goes where there is momentum. End of story.

I agree with an earlier poster, PTJ should have preached when BTC was going down to 3K, that was the time to get in.

 

[ET180]

Something got you stressed, dude.

You should watch Raoul Pal video, it's much more telling as he disclosed the macro guys exclusive network have been discussing bitcoin and started investing in bitcoin since 2012 in their personal accounts, but could not do so in their managed funds for obvious reasons.

Not stressed at all. I really don't care what BTC does. Just giving my 2 cents.

As far as Raoul Pal, if he's really 100% long, what else would he say? He's talking his book. No one knows what individual investors are actually holding. They don't have to disclose their Bitcoin holdings.

 

[johnarb]

Not stressed at all. I really don't care what BTC does. Just giving my 2 cents.

As far as Raoul Pal, if he's really 100% long, what else would he say? He's talking his book. No one knows what individual investors are actually holding. They don't have to disclose their Bitcoin holdings.

Nah, that's not what I meant re: Raoul, I was responding to your comment that him and PTJ and Druck should have been buying in 2018.

Raoul let the cat out of the bag, his hedge fund macro investor ex JPM, GS and other insider network of friends have been in on bitcoin as far back as 2012. Think about that. They bought in their personal accounts but not in the funds they managed .

 

[ET180]

Raoul let the cat out of the bag, his hedge fund macro investor ex JPM, GS and other insider network of friends have been in on bitcoin as far back as 2012. Think about that. They bought in their personal accounts but not in the funds they managed .

I'll watch the video later, but anyone can claim they know a lot of friends who have loaded up on any particular asset in their personal account. Unless they own more than 10% (think that's the threshold, but not 100% sure) of a public company, it's not public information. No way to verify that.

Also, you still have not backed up this claim which is certainly wrong:

Fidelity reported something like 70% of their clients invested in bitcoin and 90% will be adding more

 

[johnarb]

I'll watch the video later, but anyone can claim they know a lot of friends who have loaded up on any particular asset in their personal account. Unless they own more than 10% (think that's the threshold, but not 100% sure) of a public company, it's not public information. No way to verify that.

Also, you still have not backed up this claim which is certainly wrong:

Don't be scared to watch that video, it's very exciting (at least for crypto investors, lol)

I got confused on that 70%, I watch a lot of videos and twitter posts about cryptos, but I don't know why that bothers you too much, you have no skin in this game. It's 36%, but the 90% of them adding is correct.

I'll tell you a little secret, what we talk about here and what the bitcoin haters keep posting about, won't affect the bitcoin price. The PTJ, Druck, Raoul, Fidelity, JPM, Guggenheim, PayPal, etc, those are the things that will make a difference so keep missing the bitcoin bull market at your peril. Bitcoin will melt your faces

 

[Sprout]

‘Why does Bitcoin have value?’

https://www.aier.org/article/why-does-bitcoin-have-value/

 

[ET180]

I got confused on that 70%, I watch a lot of videos and twitter posts about cryptos, but I don't know why that bothers you too much, you have no skin in this game. It's 36%, but the 90% of them adding is correct.

If you really believe that it makes no difference to Bitcoin what you post here, then why do you waste time doing it? Why kill whatever credibility you think you have by claiming that 70% of Fidelity investors are invested in Bitcoin? That's a ridiculous claim and you should have realized how absurd it sounded before posting it. So you either completely lack that awareness or intentionally tried to mislead people. Even your 36% is a bullshit number. Again, post the source to backup your claim if you want people to take it seriously. 36% of Fidelity investors are not invested in Bitcoin unless you consider any exposure to PayPal or Square as being Bitcoin exposure in which case anyone with a S&P500 or tech ETF would have that. (Also, if 36% were already invested in Bitcoin, that would actually be bearish because it means that everyone is already in.) Certainly the people running bots spamming unrelated videos on Youtube in an attempt to attract more interest to Bitcoin think it will make a difference...otherwise they would not waste any time doing it. You ask why I keep criticizing Bitcoin, well, I like attacking bullshit like this. If someone came on here and relentlessly promoted some penny stock in a pump and dump scam -- where they only post positive articles and blame people for not being invested in it earlier, I'll question it. There's a reason the Tesla and Apple fanboys don't have to resort to making up bullshit to sell their product.

 

[johnarb]

If you really believe that it makes no difference to Bitcoin what you post here, then why do you waste time doing it? Why kill whatever credibility you think you have by claiming that 70% of Fidelity investors are invested in Bitcoin? That's a ridiculous claim and you should have realized how absurd it sounded before posting it. So you either completely lack that awareness or intentionally tried to mislead people. Even your 36% is a bullshit number. Again, post the source to backup your claim if you want people to take it seriously. 36% of Fidelity investors are not invested in Bitcoin unless you consider any exposure to PayPal or Square as being Bitcoin exposure in which case anyone with a S&P500 or tech ETF would have that. (Also, if 36% were already invested in Bitcoin, that would actually be bearish because it means that everyone is already in.) Certainly the people running bots spamming unrelated videos on Youtube in an attempt to attract more interest to Bitcoin think it will make a difference...otherwise they would not waste any time doing it. You ask why I keep criticizing Bitcoin, well, I like attacking bullshit like this. If someone came on here and relentlessly promoted some penny stock in a pump and dump scam -- where they only post positive articles and blame people for not being invested in it earlier, I'll question it. There's a reason the Tesla and Apple fanboys don't have to resort to making up bullshit to sell their product.

Wtf, dude, hit the carriage return once or twice, it doesn't cost anything.

First of all, we're a bunch of anonymous posters on this forum, and no one owes anyone anything, each and everyone has to do their own due diligence. I have over 1000 posts and I guarantee you I've made mistakes, some more severe than others. I don't have to provide you any research to backup up anything, see first sentence.

By the way, did you watch the Raoul video, yet, or are you still a p*ssy afraid to see the truth? Watch the f*ckin' video? [see, I can demand stuff too, lmao

]

Anyway, don't get your panties in a bunch over the claims on this forum, we're sharing stuff here on the forum about cryptos, but you don't have no skin in this game, you're stressing yourself out, I'd prefer you put on some short positions related to the industry but I think you're too scared and I don't blame you. bye now.

 

[ET180]

Wtf, dude, hit the carriage return once or twice, it doesn't cost anything.

First of all, we're a bunch of anonymous posters on this forum, and no one owes anyone anything, each and everyone has to do their own due diligence. I have over 1000 posts and I guarantee you I've made mistakes, some more severe than others. I don't have to provide you any research to backup up anything, see first sentence.

By the way, did you watch the Raoul video, yet, or are you still a p*ssy afraid to see the truth? Watch the f*ckin' video? [see, I can demand stuff too, lmao

]

Anyway, don't get your panties in a bunch over the claims on this forum, we're sharing stuff here on the forum about cryptos, but you don't have no skin in this game, you're stressing yourself out, I'd prefer you put on some short positions related to the industry but I think you're too scared and I don't blame you. bye now.

So at this point, I think you just make up lies in an attempt to persuade others to buy Bitcoin. Why so desperate? You could have proven me wrong by simply providing a source to support your point, but I've asked 3 times now and you have not...I suspect that is because it doesn't exist and you just made it up. Not much point in debating someone who just makes stuff up.