When Will Bitcoin Hit $3,000?

[SunTrader]

..., and how BTC coud just Print more Bitcoins at will and dilute the value..

LOL.

 

[SunTrader]

Thank you for an informative post.

One of the criticisms about bitcoin is that the "ledger" is not unique nor rare. The blockchain or it's derivatives is that it could be duplicated among different verticals. Every industry could have it's own blockchain that serves the actors for their particular usecase.

Insuracoin, Medicoin, Realestatecoin, etc. Lot's of possibilities.

So why did he hold from $200 to $2000?

He is just another one who is deciding Bit is "too high" rather than letting the market decide. He missed out on another $1000. Maybe he is right or maybe he is dead wrong. His rationalization was there last year and the year before that etc.

Time and the market will in the end decide.

 

[Jdesey]

Precisely... this is what's happening. The Bitcoin supporters are changing their minds and give the reasons why. I already quoted another hedge Fund Manager that liquidated all holdings a few weeks ago. But, hey your'e right only time will tell.

 

[Pekelo]

So why did he hold from $200 to $2000?

Because he has fuck you money and doesn't have to worry? Nice timing if he did it...

It is also possible the other half of his crypto investment is in Dogecoin... Remember when Doge was sponsoring Nascar? Those were the days!

 

[Jdesey]

@Pekelo.... do not waste your time... the Bitcoin supporters wont hear of any negative comments on their beloved asset. I mean, just google it, there is article after article from well respected experts on why this thing is not worthy of investing into. And I am hard pressed to find any recent experts saying to invest. BUT NOOO! do not tell that to the BTC zombies....

 

[SunTrader]

Because he has fuck you money and doesn't have to worry? Nice timing if he did it...

He is a hedge fund manager. His fuck you money is 2 and 20 or less nowadays.

Nice timing was buying @ $200. Nice timing selling once it got to $2000 was after it had at least a down close, which it only had $800 higher lol.

But BTW the guy trades private money and doesn't have to report anything to anybody publicly unless he takes large positions of exchange traded instruments. He can claim whatever he wants - to those who want to suck it up.

 

[Jdesey]

is it just impossible for the BTC crowd to even think this thing has issues? It tells me the mania is in full blown swing. be logical, do research, find out what the experts say. Cause most are saying to get the hell out of this thing before it is too late.

 

[SunTrader]

Well at least you know by now it's not a stock. Not much else, because all you do is look for news that confirms the opinion you already formed.

 

[Jdesey]

ok, I get it...attack those who dare to speak out against this wonder asset. Still for over a week, nobody can give any solid reasons to own BTC, nobody has put up a single recent article from any expert saying to invest in this. Why? cause it is a hyped up piece of crap just waiting to implode. The sad part is that so may investors don't have a clue what the risks are.

 

[Overnight]

..."I am still shocked that I am the ONLY person on this forum to speak out against this asset..."

Jdesey, you are not the only one. I have been going on for a while now with how when the last bitcoin is found by, what is it? 2020?...the thing is going to test a new level...The level of worthlessness.

When this asset reaches it's existential limit, it can no longer have any worth! Granted, I am neither a scientist nor an economist. But the currency makes zero sense to me. *shrugs* I'm on board with you though.

No sir, I don't like it!