Bitcoins - about to hit $5,000 per coin today!

[obsidian]

Make that $11,000

Your prices are low. Right now Bitcoin is $12,000 on Coinbase and Ethereum $325.

Both Bitcoin and Ethereum are up close to 400% since December 2018. Bitcoin has been doing really well the past few weeks and closed the gap in price rise relative to Ethereum. If Ethereum gets past $380 and on to $400 many analysts believe it is going all the way to $900. We'll see how this bull run shapes up.

[obsidian]

The whole beginning part of this thread where you were talking it up then sold it when it was dropping. If you believed what you said in the beginning, you would never have sold. Then you claimed that you were just talking it up, etc.

Now you are back to talking it up again, so time will tell if you are following through this time.

Hey I'll be the first to admit he was smart selling at 15k. He held Bitcoin till 19.5k and then when it started dropping held on a little until it hit around 15k I believe and then sold. Myself - I never sold. I held onto it and saw it go down all the way to the bottom. But my approach has been that any money invested in cryptos is a gamble and to be written off from the start. It could all go to zero. Or up by a lot. If I lose it all I don't care. That mindset prepares you for the worse and allows you to hold on and not sell at the bottom. The tricky part is selling at the top and not let greed prevent you from ever cashing out a bit. That's where Gibs had the sense to make the call. This thread can be useful to Getbiggers. We can all decide when to cash out  a little and compare notes.

[gib]

Your prices are low. Right now Bitcoin is $12,000 on Coinbase and Ethereum $325.

Both Bitcoin and Ethereum are up close to 400% since December 2018. Bitcoin has been doing really well the past few weeks and closed the gap in price rise relative to Ethereum. If Ethereum gets past $380 and on to $400 many analysts believe it is going all the way to $900. We'll see how this bull run shapes up.

I’m a conservative dude. With a volatile asset like BTC I take a 30 day moving average. Also I like to have ammo so that I can respond to any post with a number higher than the last. (A little quirk of mine I developed in my battles with Mr A).

Oh and ok and ...

$11,100

[gib]

Hey I'll be the first to admit he was smart selling at 15k. He held Bitcoin till 19.5k and then when it started dropping held on a little until it hit around 15k I believe and then sold. Myself - I never sold. I held onto it and saw it go down all the way to the bottom. But my approach has been that any money invested in cryptos is a gamble and to be written off from the start. It could all go to zero. Or up by a lot. If I lose it all I don't care. That mindset prepares you for the worse and allows you to hold on and not sell at the bottom. The tricky part is selling at the top and not let greed prevent you from ever cashing out a bit. That's where Gibs had the sense to make the call. This thread can be useful to Getbiggers. We can all decide when to cash out  a little and compare notes.

Thanks Yeah, well for some its a mentally tough decision to realize a loss, even on a gain. This is because mentally, acceptance of a lowered value takes time, (disbelief, anger, denial, acceptance etc) - I have many friends who hodled all the way down (but they are all feeling a lot better now seeking things pick back up). I was, overall happy with the call. I also didn't get back in at the exact bottom, but did start buying after we went back from 3500 to 5000. This time around, at this stage, I do plan to really just hodl long term. If I do take any gains, I'll post it here. But I don't think I will sell even at the 50K or 100K mark this time around...

[gib]

$11,200

[gib]

11.3k

BTC on fire!!! 🔥

[gib]

11.4k

[gib]

11.5k. Wow!

[gib]

11.6

[gib]

11.7

Damn there must be some rich getbiggers out there now ...

[Theoak*]

11.7

Damn there must be some rich getbiggers out there now ...

Define rich..... 5, 10 , 15 mill?

[gib]

Never forget Mr Anabolic ...

https://www.ccn.com/crypto/bitcoin-price-break-50000-or-100000-2019/2019/06/26/

[gib]

Define rich..... 5, 10 , 15 mill?

It’s all relative, and personal. To me it means having more than enough to live a comfortable life for the rest of your life, without having the need to work.

For some people this is 1m. Others 5m. Others 10m.

Would be interested to know what people’s “number” on this topic is.

[gib]

11.8k
11.9k
$12,000

Wiggs and other getbigger visionaries getting richer by the hour!!!

[wave_length]

It’s all relative, and personal. To me it means having more than enough to live a comfortable life for the rest of your life, without having the need to work.

For some people this is 1m. Others 5m. Others 10m.

Would be interested to know what people’s “number” on this topic is.

For me it‘s 5m. With that amount I can live very comfortably with my family in one of the best cities of the world. With less I would have to invest with too much risk.

[manuelsonn]

hei gib, how much is a blipcoin you piece of shit?

[gib]

For me it‘s 5m. With that amount I can live very comfortably with my family in one of the best cities of the world. With less I would have to invest with too much risk.

That’s great. Does that include value of home? Or is that value of investments outside of own home?

And living off investment income from the 5m? Or consuming the 5m over time?

For me I can’t bring myself to actually consume capital. Always focussed on living of investment income and at the same time growing the underlying capital.

[gib]

hei gib, how much is a blipcoin you piece of shit?

Welcome back Mr A!

The answer to your question is “as much as someone else is willing to pay for it”. Hope that helps

[wave_length]

That’s great. Does that include value of home? Or is that value of investments outside of own home?

And living off investment income from the 5m? Or consuming the 5m over time?

For me I can’t bring myself to actually consume capital. Always focussed on living of investment income and at the same time growing the underlying capital.

Including home. No consuming, inflation corrected.

[Wiggs]

There's going to be alot of weak hands shaken and spirits broken with the ebb and flow of the market. I have diamond hands. When it dips, I buy more. I'm not in this for the short term and that's where many are broken. XRP is king and obviously being manipulated and I will buy, buy, buy. BTC is needed for now. But XRP will be king. In the mean time, crypto enthusiasts should want BTC to do well because until something else replaces it, it controls the market. Crypto is here to stay and these are once in a couple lifetime opportunities for the common man. The last time a new asset class was introduced was the late 1600s in bonds. HODL not matter what.

[gib]

Including home. No consuming, inflation corrected.

Nice! So the 5m earning what kind of a yield? 200-250K or so? What you have it invested in, if I may ask?

[Competitor]

Is the bull market still alive and well?

[wave_length]

Nice! So the 5m earning what kind of a yield? 200-250K or so? What you have it invested in, if I may ask?

The 5m came from a high-tech company I co-founded 20 years ago and sold four years ago. Now invested in rentals, ETFs, crypto, art, some cash.

[Theoak*]

It’s all relative, and personal. To me it means having more than enough to live a comfortable life for the rest of your life, without having the need to work.

For some people this is 1m. Others 5m. Others 10m.

Would be interested to know what people’s “number” on this topic is.

I’m guessing based off previous posts you would be in the 10-15m range. I base this off your earlier comment to wave length at 5m you would yield 200-250 a year income. I believe you’ve stated  previously 500k yearly income?

Of course it’s all personal and I’m having a fun guess while enjoying a mini bull market.

[gib]

I’m guessing based off previous posts you would be in the 10-15m range. I base this off your earlier comment to wave length at 5m you would yield 200-250 a year income. I believe you’ve stated  previously 500k yearly income?

Of course it’s all personal and I’m having a fun guess while enjoying a mini bull market.

Yes pretty close. Around 20m. Yielding around 800k a year. Privileged position but have worked hard for it and very aware how easily it could be lost.