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

[gib]

if this the case, one of my relative will be millionaire soon!!

Well yes BTC may well appreciate extremely over the next decade. But it’s not just for the money. It’s for the freedom it offers. It’s gives you choices in an increasingly controlled world. It will keep you (or maybe even transform you) into 1%er in terms of wealthy and power. It’s ultimately a hedge in the future. Almost every person who works for any of the FANG companies owns
BTC. Almost every young banker and hedge fund employee owns BTC. Almost everyone in fintech has BTC. Yes there drug dealers too. Shady politicians. Businessmen. Husbands trying to hide warrants from wives. Dictators. Spys. You name it. But the collection of who is buying alone should tell you something. Soon a coin will be out of reach. For many people in the world it already is and they will increasingly slave away for bits of coins. Those bits will become rarer and more expensive over time which in turn will drive demand. It’s a virtuous circle.

[Teutonic Knight 1]

Poor black man dreams 

[pellius]

Looks like it's on it's way to 10,000. Been rising steadily all day.

[Theoak*]

Jeee man, this thread is 127 pages long and three years old. The one thing I notice is that it is a very volatile stock. Just goes up and down by the second. I made $150 one day and lost it all the next.

The market is still in its infancy stages, 11 years old.  I’ve seen swings up to 60-90%. As the market matures and btc are slowly gobbled up we will see less volatility and a bit more stability.  If you have 700$ today in btc by 2021-2022 most likely be 7k(min) if left in cold storage or Hardware wallet.

[Twaddle]

The market is still in its infancy stages, 11 years old.  I’ve seen swings up to 60-90%. As the market matures and btc are slowly gobbled up we will see less volatility and a bit more stability.  If you have 700$ today in btc by 2021-2022 most likely be 7k(min) if left in cold storage or Hardware wallet.

So, the current price as I type this is 9921.95.  If 700 today is 7k min by 2022.  Then 9921.95 becomes 99,219.50 min by 2022. 

Do you really believe that?   

[gib]

[pellius]

What is an ETF? Not just what it stands for but what does it do?

[Theoak*]

So, the current price as I type this is 9921.95.  If 700 today is 7k min by 2022.  Then 9921.95 becomes 99,219.50 min by 2022. 

Do you really believe that?   

Yes.

[Mr Anabolic]

You bozos are still going on and on about these blipcoins?

The price is highly correlated with the stock market.

Never made it back to $20K and it never will.   

McAfee eating his dick yet? - lol

[Mr Anabolic]

CNBS has cheerleaded every bogus bubble there ever was.  Yet, the idiots here still hanging on every word they say.  LOL
 

[gib]

Mr A - you are back!

BTC has outperformed all major asset classes this year already.

Since this thread was started BTC has doubled in value.

You are a smart guy (or at least not a dumb one). You will almost certainly buy BTC and you will use it (if you have not done so already). Don’t be ashamed to admit you were wrong.

Never forget. First .001 cent. Then .01 cent. Then .1 cent. Then 1 cent. Then 10 cents. Then a dollar. Then 10 dollars. Then 100 dollars. Then 1000 dollars. We are about to hit 10000 dollars. And you know what comes next in this pattern ...

[SOMEPARTS]

Mr A - you are back!

BTC has outperformed all major asset classes this year already.

Since this thread was started BTC has doubled in value.

You are a smart guy (or at least not a dumb one). You will almost certainly buy BTC and you will use it (if you have not done so already). Don’t be ashamed to admit you were wrong.

Never forget. First .001 cent. Then .01 cent. Then .1 cent. Then 1 cent. Then 10 cents. Then a dollar. Then 10 dollars. Then 100 dollars. Then 1000 dollars. We are about to hit 10000 dollars. And you know what comes next in this pattern ...

It outperformed...because it's price cratered last year and the broader markets took a dump this year. Come on man....

[pellius]

BTC has been nipping enticingly close to 10,000 over the last couple of days.

[pellius]

Everything you need to know.

I just tried watching this. Is this a joke? I can't understand a word he says. He just mumbles. What the F is he trying to say?

[pellius]

I've been watching BTC lately and though it's been fluctuating here and there I noticed a distinct upward trend. I threw in another $1,600 dollars and just one and a half hour later I lost $350. It just took a big dump.

[Flexacon]

I just tried watching this. Is this a joke? I can't understand a word he says. He just mumbles. What the F is he trying to say?

LMAO

Pellius can be added to Armyofones sub 95 IQ list

[gib]

I've been watching BTC lately and though it's been fluctuating here and there I noticed a distinct upward trend. I threw in another $1,600 dollars and just one and a half hour later I lost $350. It just took a big dump.

Buy. And hold.

[Twaddle]

LMAO

Pellius can be added to Armyofones sub 95 IQ list

LMAO

If he's truly investing in bitcoin, that says enough.   

[Theoak*]

So, the current price as I type this is 9921.95.  If 700 today is 7k min by 2022.  Then 9921.95 becomes 99,219.50 min by 2022. 

Do you really believe that?   

Currently bitcoin capitalisation is around the USD100-200 billion range, and due to bitcoin's unique programmable properties it makes it difficult to put that valuation into a neat type money supply classification of economics anyway.  A phase change to the next level at maybe 10-20x current capitalisations is not going leave bitcoin anywhere near 'geopolitical force' level, even at a peak.

However, the next level could easily attract a lot of the "stolen riches" that have been printed up to paper over the graft, malfeasance and theft from our hyper-financialised fiat-debt crony-socialist system.  The stolen riches are of the order USD10-20 trillion by my crude estimates.  Bitcoin going to USD2-3 trillion capitalisation in the next phase change would definitely vacuum up a chunk of some of the stolen riches but I don't see any geopolitical asset allocations (central banks, treasuries, national wealth funds, etc) at this phase.

[Theoak*]

LMAO

If he's truly investing in bitcoin, that says enough.   

Then I’ll happily join Pellius in that sub 95 IQ category of those invested in ‘blipcoin’.

[pellius]

LMAO

If he's truly investing in bitcoin, that says enough.   

I said that I didn't know shit about this. I saw it going up steadily so I threw in a couple of grand of play money. It went up to over $300 in less than a week. Then a couple of days ago I lost over $400 in minutes. Literally within minutes. I got screwed. Live and learn. No need to celebrate a person losing out in an investment. I would want everybody to succeed because not only is it good for the person it's good for the economy.

Here's the BTC graph of my brief history investing in bitcoins. Like I said, live and learn.

[Twaddle]

Bitcoin can literally lose 15% of it's value, in 15 minutes.  All it takes is one whale, to sell off, and the price crashes.  It seems like it's far too easy for the big fish to manipulate. 

Way to volatile to be a safe investment.   

[pellius]

Bitcoin can literally lose 15% of it's value, in 15 minutes.  All it takes is one whale, to sell off, and the price crashes.  It seems like it's far too easy for the big fish to manipulate. 

Way to volatile to be a safe investment.   

Like I said. Live and learn. That was a $400 dollar lesson. I should have bought some of those adjustable dumbells instead and start building a home gym.

I have noticed a way to manipulate BTC. When I don't watch it, I see that it has gone up since the last time I checked. Then when I keep watching it, watching the value change every single second, it steadily goes down. LOL. That's a lot like my life. When I don't care about something it works in my favor. When I do it goes against me.

[polychronopolous]

Buy. And hold.

For at least 5 years IMO. Maybe much, much longer than that.

This thread is going to be so much fun. 

[gib]

And the having is upon us!

It now takes 2x the effort to mine a coin as it did yesterday. The BTC algorithm not only guarantees absolute scarcity but now also has caused a reduction in mining output.