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

[Skeletor]

[FitnessFrenzy]

Goodrum: It is time to buy it now!

[Red Hook]

where is venom vodoo vince to explain all of this "finance" stuff to us?

[NaturalWonder83]

Our Bitcoin Bedlam aka Bitcoin Behemoth is Melvin Goodrum

x10000

[Nails]

[Irongrip400]

where is venom vodoo vince to explain all of this "finance" stuff to us?

I thought he said he got out of them a while back?

[Tapeworm]

It's a made up currency not associated with any country.  No shit it's volatile.

[sync pulse]

It's a made up currency not associated with any country.  No shit it's volatile.

[gib]

Hope all u guys got some. You will be able to retire and just chill and train if they ever get to 100k per coin.

[Dave D]

How many coins do you own?

And why would you sell at 100k, why not wait until the price hits 200k?

[visualizeperfection]

Why make trillions, when we can make... billions.

[Powerlift66]

I only bought 5, when they were around 1K. Should have invested more, better than nada I guess.
I can buy lots of gear with my bitcoins now.   

[robcguns]

Why are they worth so much,I was offered 30 beginning of January for 15k and passed.Feel pretty stupid right now.

[El Diablo Blanco]

Seriously. The had a huge drop.  What's running them up?

[robcguns]

If bitcoins continue to rise in price at the same rate they have been for the past 7 years, a bitcoin will be worth 1 million dollars within 3 years. ( in 2 years and 9 months to be more precise).

So I wonder if I should buy 1 right now.

[Grape Ape]

I only bought 5, when they were around 1K. Should have invested more, better than nada I guess.
I can buy lots of gear with my bitcoins now.   

Can you easily convert them to $?

[Mr Anabolic]

The longer this goes on unabated, the more I believe government created it.  They want a cashless society.  That's not a good thing.  Right now you have to convert it back to dollars in order to spend it.  EVERY transaction you make is traceable and taxable.  The IRS is on top of it and will come after you for taxes owed... this happened to a friend of mine that bought a whole bunch when it was $100.  In May 2017 he cashed out at around $2000.  Just recently he received a tax bill from the IRS for $25,000 - ouch.

TPTB have to keep their fiat scam system going and cryptos are the future of it.  I'm stay far away from these things, I don't care how high they go.  

You want to invest in a seriously undervalued asset with enormous upside potential?... silver is it.  Keep in mind it is a l-o-n-g term investment and it could take years to reach true/full value.  Right now the price of metals are being manipulated and held down by TPTB.  However, they cannot do it forever.

[Mr Anabolic]

If bitcoins continue to rise in price at the same rate they have been for the past 7 years, a bitcoin will be worth 1 million dollars within 3 years. ( in 2 years and 9 months to be more precise).

It's entirely possible too.  Governments are in full control of all of it... don't kid yourself.  They want a cashless society.  It will also be a tax windfall for them.

[SF1900]

[Mr Anabolic]

You can sell bitcoins for cash in hand using something like localbitcoins.  The government won't know the identity of the person who sold their bitcoins if they ensured that their identity is not tied to their bitcoin address.

The transactions are not anonymous.  Please stop spreading this BS.

[Taffin]

The longer this goes on unabated, the more I believe government created it.  They want a cashless society.  That's not a good thing.  Right now you have to convert it back to dollars in order to spend it.  EVERY transaction you make is traceable and taxable.  The IRS is on top of it and will come after you for taxes owed... this happened to a friend of mine that bought a whole bunch when it was $100.  In May 2017 he cashed out at around $2000.  Just recently he received a tax bill from the IRS for $25,000 - ouch.

TPTB have to keep their fiat scam system going and cryptos are the future of it.  I'm stay far away from these things, I don't care how high they go.  

You want to invest in a seriously undervalued asset with enormous upside potential?... silver is it.  Keep in mind it is a l-o-n-g term investment and it could take years to reach true/full value.  Right now the price of metals are being manipulated and held down by TPTB.  However, they cannot do it forever.

But presumably he made a load of $$ even with the tax bill settled..?

[robcguns]

I have a personal aversion to buying at all time highs because I pessimistically think that I would be buying the top, and the prices will collapse as soon as I press the BUY button. But that is just my negative thinking. It's up to the individual at the end of the day.

I definitely have the same feeling.Just contemplating 1 only because of the hype most likely won't buy one though.

[SF1900]

I definitely have the same feeling.Just contemplating 1 only because of the hype most likely won't buy one though.

Rob, would you invest in Caliber Fitness?

[robcguns]

Rob, would you invest in Caliber Fitness?

100%,just wish I would get asked.

[Mr Anabolic]

But presumably he made a load of $$ even with the tax bill settled..?

My point is the IRS found out about the transaction and sent him a "pay us our money or else" letter.  

Anyone who wants to buy a bunch of digital cyberspace electrons for $5000 a piece because you think it's going to $1 mil USD... please, be my guest.  

Stocks, bonds, and cryptos are in a huge bubble.  Real estate too.  However, they can (and probably will) go even higher.  The madness and delusions of crowds are quite an interesting thing to observe.  Things are bit different today... it's mostly computers running the stock market.  That might make the collapse even worse.