Should You Buy Bitcoin Right Now? Don’t Be Stupid

noddyboy said:
Precisely..."they are just looking at XXX is going up a lot so it has to crash" logic...look at the wealth or market cap. AMZN going down 10% will destroy more wealth than bitcoin going to zero.

S2007S complains about healthcare cost etc. If you want to buy drugs illegally, guess what you need? Bitcoin. So how can Bitcoin go to zero? If people who need drugs have to buy bitcoin? I am talking about people without insurance with cancer etc.
More...

I think bitcoiners are guilty of hubris as well. Let's not act like bitcoin is not ruled by supply and demand and somehow the rules of the game don't apply to it just like every other trading instrument.

I remain cautiously optimistic.
 
upload_2017-5-24_22-12-1.png


that der Asian powerhouses manipulating the market
 
^ That there chart shows who's driving the market here. Understand that chart and you'll see why crypto has a lot higher to go.
 
jj90 said:
^ That there chart shows who's driving the market here.
More...
My personal "target" is 40-50k per coin. Simple logic - bitcoin is the currency of crime. Crime economy is estimated as roughly 10% of GDP globally. So that's about 7 trillion a year in nominal dollars. Let's say btc takes over a modest 15% of that, so one trillion economy that's all cash driven. Divide that by 21 million and you get 40-50k per coin in today's dollars.
 
Max E. said:
Amzn is a company that produces billions of dollars a year in revenue and is basically the walmart of the internet, it deserves its valuation, bitcoin is a computer program backed by no one, that produces nothing, where people with money are supposed to trust its all done in good faith, pretty big difference.
More...
Bitcoin is a protocol and cryptocurrency is just one its implementation.
 
Max E. said:
Sweet video dude, love the tune too i totally felt my self rocking it to the price action in bitcoin, lol.
More...


down to 2200 from a high of 2700, let's see how bad this gets. You sir called it, but I've seen some insane rebounds in the past
 
You must log in or register to reply here.
Back
Top