Getbig Main Boards > Gossip & Opinions
Bitcoins - about to hit $5,000 per coin today!
Mayday:
--- Quote from: obsidian on March 22, 2023, 08:36:34 AM ---What if that does happen? I personally don't trade. I just obtain cryptos and HODL. It is very hard to time the market. You might be sitting on the sidelines and see the prices go up...
--- End quote ---
The majority are waiting for 13k, On the sidelines in cash. At 20k it was next stop 13k. At 23k it was next stop 13k. At 25k was next stop 13k. At 28k it is next stop 13k…..
A pullback to 24-26k is no problem. A run above 27k will be a problem for sidelined cash because we will run for 36k and at that point those people calling for 13k you are likely shitting themselves. That then becomes the YOLO.
I do think it’s a short lived rally BTW because crypto is trying to front run QE stimmy cheques way too early.
dunkin donuts:
so, what's getbig's bitcoin forecast? is it heading to 50k sooner than 10k?
IroNat:
Warren Buffett believes crypto 'will come to a very bad ending'
https://finance.yahoo.com/news/come-bad-ending-just-over-120000862.html
“If you ... owned all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it,” Warren Buffett told CNBC earlier this year.
“They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem.”
Though Bitcoin is intended to provide real value as a payment system, that use is still pretty limited. As Buffett sees it, Bitcoin’s value comes from the optimism that someone else will be willing to pay more for it in the future than you’re paying today.
Called the "greater fool theory".
Find a bigger fool than yourself to buy your bitcoin for more than you paid for it.
It's been done with various things over the years including tulips.
gib:
--- Quote from: IroNat on March 30, 2023, 03:48:05 AM ---
It's been done with various things over the years including tulips.
--- End quote ---
...and gold. Only Bitcoin of course has properties far superior to gold...
affeman:
--- Quote from: gib on March 30, 2023, 04:09:57 AM ---...and gold. Only Bitcoin of course has properties far superior to gold...
--- End quote ---
Like what? lol
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