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

[affeman]

bitcoin is down 0,6% in the last 24 hours. That is insignificant.

 

[Army of One]

Interesting, Bitcoin is in free fall while XRP is up 20 % in the past 24 h. Is everyone leaving the sinking BTC ship and jumping on the XRP bandwagon now?

historically in bull runs, when btc flatlines or dips a little after a big run, alt coins fly because everyone jumps out of btc in to alts when alts play catchup, and vice versa.

[polychronopolous]

Interesting, Bitcoin is in free fall while XRP is up 20 % in the past 24 h. Is everyone leaving the sinking BTC ship and jumping on the XRP bandwagon now?

Stupid money gonna stupid

[Teutonic Knight 1]

No AC/DC = No btc 

[affeman]

WTF - Ripple is EXPLODING !!! (+ 55% in 24h)

I bet many people this very moment are gonna take loans at the bank to buy Ripple, smart move, keep goin'

[pellius]

Interesting, Bitcoin is in free fall while XRP is up 20 % in the past 24 h. Is everyone leaving the sinking BTC ship and jumping on the XRP bandwagon now?

BTC is a sinking ship? A free fall? I'm no expert but how can you say that when it's at it's highest all year. It was stuck forever at 15,000 and now it's at 18,692.

[pellius]

WTF - Ripple is EXPLODING !!! (+ 55% in 24h)

I bet many people this very moment are gonna take loans at the bank to buy Ripple, smart move, keep goin'

What's Ripple? I've really got to up my finance game or hand out with a different crowd. There is not a single person I know that has ever heard of Ripple.

[affeman]

What's Ripple? I've really got to up my finance game or hand out with a different crowd. There is not a single person I know that has ever heard of Ripple.

The 3rd biggest cryptocurrency behind BTC and ETH.

[pellius]

The 3rd biggest cryptocurrency behind BTC and ETH.

Who uses it and why would you want to over BTC?

[affeman]

Who uses it and why would you want to over BTC?

Noone "uses" or intends to "use" any cryptocurrency anyway. They're like stocks, only more volatile (or rather like a Casino, but instead of red/black you have to pick up/down lol).

[pellius]

Noone "uses" or intends to "use" any cryptocurrency anyway. They're like stocks, only more volatile (or rather like a Casino, but instead of red/black you have to pick up/down lol).

I'm no crypto person but even I use BTC to buy things over the net. Things like SARMS you have to pay in BTC or it becomes very complicated. All sources now have pretty much moved to BTC and offer it as an option. I'm sure other grey area/black market transaction are the same way.

[pellius]

BTW, I keep a couple of grand in BTC in case I have to use it, and during this recent "free fall" and "sinking ship" phase I've sold about $600 worth just to use the cash for personal expenses. Every time it gets over a hundred and fifty or so I just use the cash for whatever and bring it down to $2,000 and then it goes back up again. I'm not an investor but it's just a convenient way for me to take care of stuff like car repairs/maintenance, shoes, new rice cooker, Garmin GPS... without really dipping into my real money. It did dip below $2,000 but now at this very moment it's at $2,137.67. It's just play money to me.

[gib]

I have nothing against Mr Anabolic, but you sir have described him in this post to a T.

And this is not just regarding Bitcoin, but pretty much anything else he preaches:

The Keto diet is bad for active people, and for pretty much everyone else too
The US is a banana republic
The US dollar is worthless
Investing in the stock market is stupid
No matter who wins the presidential election, there will be riots and looting all over the US like never before
Gold, silver, ammunition, tuna cans, and toilet paper are the only good investment

And so on, and so forth.  He's always right about everything, and everyone else is wrong, and if you prove him wrong he'll resort to insults and name calling.   

I had no idea he was also like this on other topics! And I thought the continued references to tuna cans and ammo etc were in jest? (The gold and silver I think he was serious about.

I have nothing against him either. I have told him before, its all good. We are here to help each other. And he genuinely does want to help others. The problem however, are his various traits (which came out during this thread). I initially considered all sorts of possible objections against BTC before deciding it was a legit investment (and even then, as I have said many time), it does not fit my usual investment profile, nor does fine art, or gold. I always laughed at gold bugs, but after I got my head around BTC at the start of this thread I also acquired a little gold.

[gib]

Mr A, it warms my heart that after calling Bitcoin a bubble/ponzi scheme and advising people NOT TO BUY back in November 13, 2013, 05:1:42 PM when BTC was $381 per coin (and continuously like a broken record since then), that you are now expressing the view that Bitcoin will go higher and that we are not at the peak yet. What a turn around! We are making some good progress with you.

However, what you have done is the equivalent of making a kind of "half apology". If you are wrong, just man up, admit it, like JP Morgan, one of the world's most respected investment banks recently did:

https://www.zerohedge.com/crypto/jpmorgan-admits-it-was-wrong-about-end-bitcoin-bull-run-renews-140000-plus-price-forecast?

You have in the past been both small-minded, arrogant, closed-minded, conceited, stubborn, bigoted, pig-headed and obstinate in your refusal to accept reality, and until recently you simply continued over and over with attempts to produce "false objections" with regard to the validity of Bitcoin.

It is correct, that fear and greed can be key reasons that people lose money. And yet you have not learned your own lesson here, which is that your fear (which may have been a good trait in your investment background to date) is also exactly what caused you to make huge losses on the value of your cash as compared to the value of BTC over the last 7 years. I am sure, if you could turn back time, that you wished you would invested in BTC back when you claimed it was a bubble in 2013. Just like you will be wishing you had done so by buying now at 18K, when we are in the year 2030 (and you KNOW IT).

With regard to "fear" you have exemplified with your "self-bargaining" how much idiocy and misunderstanding exists which puts people off buying BTC, which over time will be demystified due to larger institutions legitimizing BTC. And this fear (and ignorance by the masses) is indeed one reason why we can have so much confidence that there is so much huge upside potential ahead. Some of your nonsense on your self bargaining has included:

-People can hack an exchange so its not safe.
-BTC is only used by bad people.
-The Government will shut it down.
-Its not "real" as to opposed to gold which is.
-Its not easy to buy it.
-It only has a short period of history.
-There is no limit on supply and can be infinitely produced.
-A FedCoin will lead to reduced demand for BTC.
-Transaction speed is too slow for mass adoption.
-The price is too volatile.
-Its not typically used to purchase things.
-It will be taxed.
-Its not anonymous.

And my absolute favorite:

-BTC disappears "when the electricity is turned off".

and on and on the nonsense goes.

A respectful and more dignified approach for an older person such as yourself, would have been to have a more open and enquiring mind, and to ask about these topics and then have someone explain them to you. What you instead did was to make these potential objections as statements of fact, which then resulted you looking stupid when they were debunked. That in turn provoked you to take an aggressive and hostile stance (name-calling, making deceitful misquotes of others, etc), which actually did nothing to address the substance of the objections you raised.

You do have the opportunity to change your stance. Ultimately that is part of the purpose of the discussion here. For us to help each other.

Let me conclude by asking you this. As you now think Bitcoin will go higher, given all your great skills of trading options and futures etc, please tell now us how much higher you think Bitcoin will now go? Oh and while you are at it, please also tell us whether you believe gold will outperform BTC in 2020, and well as over the next 5 years. Thank you.

Still no reply from you Mr A? Are we to take your silence to assume that your call is that BTC will still decline, and that gold will outperform blips?

(Henceforth, as BTC takes on higher denominations, I will only provide these new milestones every $1000.00 instead of every $100. (See, I am showing some mercy on you as I know how annoying you found this practice of mine. Now please, just don't turn off the power... )

Oh, and $19,000.

[obsidian]

Still no reply from you Mr A? Are we to take your silence to assume that your call is that BTC will still decline, and that gold will outperform blips?

(Henceforth, as BTC takes on higher denominations, I will only provide these new milestones every $1000.00 instead of every $100. (See, I am showing some mercy on you as I know how annoying you found this practice of mine. Now please, just don't turn off the power... )

Oh, and $19,000.

Ethereum is over $600. New milestone will be $1,000 and then a push beyond the ATH of $1,350. How high can it go? Proof of stake will push the price up.

I think Bitcoin might rally up to $100,000. But who knows. We'll just have to sit back and watch. I have substantial ETH and am waiting for the right moment to convert some to BTC. Back in 2017/2018 the ratio was 15 ETH for 1 BTC. Yesterday it was around 29 ETH for 1 BTC. I would convert if it went back to 15:1. Perhaps it never will go back to that ratio. Will have to see.

[obsidian]

I wonder what Peter Schiff is thinking right now. I suspect he will double down and insist on sticking with gold. Boy did he screw his customers with his advice.

[Mr Anabolic]

Bunch of little kiddies in here.  Enjoy your "nanny-nanny-boo-boo" victory lap.  It's all FOMO.

The OP claimed blips were going to $100,000, then $250,000, then $1,000,000... totally wrong.  If he truly believed this, he never would've sold them. 

I would bet that most of you posting in this thread don't even own any blips... if you do, it's a very small amount.  You ppl are acting like you just hit the powerball lottery, so ebullient! - lol

Blips will crash again, hard.  Mark my words.     

[Mr Anabolic]

I have nothing against Mr Anabolic, but you sir have described him in this post to a T.

And this is not just regarding Bitcoin, but pretty much anything else he preaches:

The Keto diet is bad for active people, and for pretty much everyone else too
The US is a banana republic
The US dollar is worthless
Investing in the stock market is stupid
No matter who wins the presidential election, there will be riots and looting all over the US like never before
Gold, silver, ammunition, tuna cans, and toilet paper are the only good investment

And so on, and so forth.  He's always right about everything, and everyone else is wrong, and if you prove him wrong he'll resort to insults and name calling.   

Damn, I never knew I took up so much parking space in your head.  lol

Of course you have something against me... why?... because you don't like the things I say here.  And because of that, you do you best to denigrate and belittle me.  You're doing exactly what you're accusing me of.  I've learned a long time ago, there is no debating with ppl like you or the OP. 

BTW, investing in the stock market is not stupid, it's all about cycles and timing.  I trade futures everyday and do very well, thank you.  PMs are insurance against inflation and financial system collapse, don't understand why you hate them so much.  Ammo prices have gone up 3-4x over the past 10 years.  Government officials are defunding police and allowing BLM/antifa communists to loot, riot and commit arson, pull down public statues and nothing is being done about it, police are standing down.  The entire system is corrupt from top to bottom.  Compared to 50 years ago... yes, the US is a banana republic.  What utopia world are you living in?... I'd love to move there.

I couldn't care a less if people agree with me and I don't seek validation from anyone here, I simply call things as I see them. 

I digress.  Let's keep this thread on topic.  Blips to the moon!

[loco]

Damn, I never knew I took up so much parking space in your head.  lol

Of course you have something against me... why?... because you don't like the things I say here.  And because of that, you do you best to denigrate and belittle me.  You're doing exactly what you're accusing me of.  I've learned a long time ago, there is no debating with ppl like you or the OP. 

BTW, investing in the stock market is not stupid, it's all about cycles and timing.  I trade futures everyday and do very well, thank you.  PMs are insurance against inflation and financial system collapse, don't understand why you hate them so much.  Ammo prices have gone up 3-4x over the past 10 years.  Government officials are defunding police and allowing BLM/antifa communists to loot, riot and commit arson, pull down public statues and nothing is being done about it, police are standing down.  The entire system is corrupt from top to bottom.  Compared to 50 years ago... yes, the US is a banana republic.  What utopia world are you living in?... I'd love to move there.

I couldn't care a less if people agree with me and I don't seek validation from anyone here, I simply call things as I see them. 

I digress.  Let's keep this thread on topic.  Blips to the moon!

Nah, I have nothing against you.  You are a prepper and a conspiracy theorist, but you are not a commie libtard so you are alright in my book.

But you are still a know it all who keeps making predictions that never come true.  You are always right about everything and everyone else is wrong, resorting to name calling and insults when you are proven wrong.

I only call BS when I see it regarding subjects I happen to be very familiar with.  If it's a subject I know little about, I keep quiet, listen and learn.  Have I argued with you about guns?  No, because you seem to be an expert on the subject and I know little about it.

And when it comes to the stock market, you are not an investor.  You are a speculator and you are gambling.  Glad you've had good luck.

[gib]

Nah, I have nothing against you.  You are a prepper and a conspiracy theorist, but you are not a commie libtard so you are alright in my book.

But you are still a know it all who keeps making predictions that never come true.  You are always right about everything and everyone else is wrong, resorting to name calling and insults when you are proven wrong.

I only call BS when I see it regarding subjects I happen to be very familiar with.  If it's a subject I know little about, I keep quiet, listen and learn.  Have I argued with you about guns?  No, because you seem to be an expert on the subject and I know little about it.

And when it comes to the stock market, you are not an investor.  You are a speculator and you are gambling.  Glad you've had good luck.

I have nothing against Mr Anabolic, but I must say, that in that post above, you have just perfectly described him to a T!

[SOMEPARTS]

Just stopping by to remind everyone that nobody knows who actually started BTC. Caveat emptor, haha.

Central banks are getting ready to roll out their own crypto, expanding this idea that the elites get real stuff while the common people get derivatives.

Expect another Mt. Gox moment soon that "proves" that only govt can issue "safe" currency.

[gib]

Just stopping by to remind everyone that nobody knows who actually started BTC. Caveat emptor, haha.

Central banks are getting ready to roll out their own crypto, expanding this idea that the elites get real stuff while the common people get derivatives.

Expect another Mt. Gox moment soon that "proves" that only govt can issue "safe" currency.

A few comments.

Nobody knows "who actually started gold" either.

OK - Well actually of course we do know how gold came about.

We also know who the key person behind the creation of Bitcoin was (ie - who was Santoshi). For those who don't know I will tell you. It was a man by the name of Adam Back. (But lets keep that our little secret, as for many reasons it benefits BTC to be perceived as an amorphous creation).

I have already explained why a currency controlled by a central bank cannot be compared to a decentralized currency such Bitcoin, and why over time we will see an even greater shift of wealth in the powers that be to BTC once they see more Government money being digitized. (Read prior posts).

Regarding Mt Gox, I already explained long ago, way towards the beginning of Mr A's journey of self-acceptance several years back, that no Bitcoin was ever "lost" when that exchange when down. Rather what happened is that BTC on the exchange was stolen. The Bitcoin that was stolen still exists, only now in the hands of the thieves (or with whom they have transacted with). Think great train robbers or pirates on ships stealing gold, back in the time when Mr A was a boy and people still lived in the analogue world and back when to more privative-minded people, money had to be something you could touch to be "real". (The lesson, as I explained at the time, from Mt Gox, was not to leave your Bitcoin on an exchange - put it into cold storage and HODL. The same applies to gold by the way. If you have gold in an ETF, or stored in a bank, you have counterparty risk).

[Mr Anabolic]

Nah, I have nothing against you.  You are a prepper and a conspiracy theorist, but you are not a commie libtard so you are alright in my book.

But you are still a know it all who keeps making predictions that never come true.  You are always right about everything and everyone else is wrong, resorting to name calling and insults when you are proven wrong.

I only call BS when I see it regarding subjects I happen to be very familiar with.  If it's a subject I know little about, I keep quiet, listen and learn.  Have I argued with you about guns?  No, because you seem to be an expert on the subject and I know little about it.

And when it comes to the stock market, you are not an investor.  You are a speculator and you are gambling.  Glad you've had good luck.

You've called plenty of ppl names/insults when you didn't agree with them.  Everyone here is guilty of that. 

I've been trading for 25 years.  The people that think trading is gambling have no experience and are just talking out of their asses.  I also have core, dividend paying positions that I do not trade.  The PMs I own are insurance.   

People here are so hung up on the short term (typical human behavior wanting instant gratification), but they aren't really paying attention to the big picture.  Have I really been "proven" wrong?  When blips crash to $10,000, would I be right or wrong?.. how about $5000, or $1000?

Based on past history and human behavior, I know in my gut that many things I've stated here will happen, sooner or later.  It's not possible to know the exact dates.   

There is a very good book that everyone here needs to read, it called: "Extraordinary Popular Delusions and the Madness of Crowds"- written in 1841.  Check it out. 

[Mr Anabolic]

I have nothing against Mr Anabolic, but I must say, that in that post above, you have just perfectly described him to a T!

You two ought to get a room - lol

[gib]

https://cointelegraph.com/news/stealth-phase-over-why-wall-street-fomo-will-make-20k-bitcoin-look-cheap

Wealthy zip-codes in New York and Silicon Valley drive BTC price.

While the public is largely unaware, several wealthy investors are heralding BTC as a new asset class. Paul Tudor Jones, Michael Saylor and Stanley Druckenmiller have made waves in 2020, revealing their positions in Bitcoin.

Do they realize something that the public did not in 2017? Was the average Joe simply too early then?

Jones said investing in BTC is like investing early in Apple stock. Saylor stated that his company, MicroStrategy, which bought up a total of $425 million in Bitcoin, will hold it for 100 years calling it “the world's best collateral.”

Meanwhile, Druckenmiller, the latest big-name Bitcoin convert, now argues that “If the gold bet works, the Bitcoin bet will probably work better.”

Gold is up just 23% in 2020 during a year of global economic upheaval, which is when this safe-haven metal was supposed to shine (pun intended).

But Bitcoin, or “digital gold,” has been stealing the show by gaining 125% year-to-date and up by almost 300% from its coronavirus-crash lows in March. What’s more, BTC’s market cap is just 2.36% of gold’s, which some long-term investors see as the best asymmetric risk-reward ratio bet in history.

What makes Bitcoin truly unique is that it doesn’t play by Wall Street’s rules. It’s software with its own set of rules. It is not a stock or an IPO. It’s a technology that’s open to all and voluntary to use. It has early adopters, not insiders. It has market cycles, not bailouts. It has existed for over a decade and grows stronger by the day.