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

[Mr Anabolic]

I am here all!

Sorry, I’ve been busy enjoying my 1400% gains since beginning of 2017

So it look like we will end the year well over the 10k mark (and more than double Mr A’s “5000 will be the top” prediction. So yes boo hoo, the gold and silver Mr A had produced close to a zero return over the year. And bitcoin just a tad more. (Btc was by far my best performing investments in 2017. My net returns on property for 2017 were around 12%, leveraged at around 50%, and around 20% on stock, with zero leverage, and virtually zero on the cash I hold). So whilst my btc holdings are nominal the return %-wise was unbelievable! Again for me the total amount of my assets in btc is nominal. A friend of mine on the other hand has 2/3 of his assets in crypto and is now a legit crypto multi millionaire.

I will try to answer posts later.

PS - I did like the short post that said maybe the title of the thread will become relevant again - that was a good one

Right on time.  

And needing to brag and validate himself a lot more than usual because he knows Mr A is 100% correct about blipcoins being a digital Ponzi bubble mania.  

You forgot to mention you make 500K per year and have over $6 million!

[ratherbebig]

"September 01, 2017, 05:34:17 AM »
Hope all u guys got some. Soon will be able to retire and just chill and train when they get to 100k per coin."

[gib]

Right on time.  

And needing to brag and validate himself a lot more than usual because he knows Mr A is 100% correct about blipcoins being a digital Ponzi bubble mania.  

You forgot to mention you make 500K per year and have over $6 million!

Already explained why the term “Ponzi” is not an appropriate term to use for btc.

Also explained already that my income is not relevant to the discussion of whether bitcoin is a good investment or not (though it is arguably relevant with regard to the issue of how much %-wise one should allocate I guess).

Meanwhile the facts speak for themselves - Mr A you were wrong with your 5K top statement.

[Mr Anabolic]

Already explained why the term “Ponzi” is not an appropriate term to use for btc.

Also explained already that my income is not relevant to the discussion of whether bitcoin is a good investment or not (though it is arguably relevant with regard to the issue of how much %-wise one should allocate I guess).

Meanwhile the facts speak for themselves - Mr A you were wrong with your 5K top statement.

Yeah, so what, I already said I was incorrect.  You keep repeating yourself like some autistic mongoloid.  Your predictions of $100K and $1 Million are much more ridiculous and outrageous than my $5000 top call.

Interesting how you disappear when bitcoin gets slammed.  Then you need to bring up your other imaginary investments to make yourself feel/look better.  How desperate and pathetic you sound.  

I'm looking forward to the next price cliff drop.  Of course you'll disappear like always.

[gib]

Why do u think I disappear? I told I’m here.

Everything I have stated to date is correct. Go and re-read if needed.

Is it possible that btc will hit 100k or 1m at some point? Yes it is.

BTC is up over a 3 year time line.  And over 2 years. And 1 year. And 6 months. And 3 months. And even 1 month (and probably even half a month?). All a matter of perspective...

[el numero uno]

Why do u think I disappear? I told I’m here.

Everything I have stated to date is correct. Go and re-read if needed.

Is it possible that btc will hit 100k or 1m at some point? Yes it is.

BTC is up over a 3 year time line.  And over 2 years. And 1 year. And 6 months. And 3 months. And even 1 month (and probably even half a month?). All a matter of perspective...

Do you know why people have been calling you out for almost 60 pages?

You try to pass as a top notch, savvy investor... and chances are that you're not.

The lack of use of technical analysis and terminology makes me believe you're lying when you claim to be an elite investor. All your claims about bitcoin are nothing but speculation.

I believe you have made a lot of money with bitcoin, and that probably gave you a huge ego boost. But to me, it seems like you gambled and won. That doesn't make you and investor, it makes you a gambler.

[Mayday]

Is it possible that btc will hit 100k or 1m at some point? Yes it is.

BTC is up over a 3 year time line.  And over 2 years. And 1 year. And 6 months. And 3 months. And even 1 month (and probably even half a month?). All a matter of perspective...

I agree that BTC could hit 100k.

We have seen the data behind it and there is extremely little investment of which 40%+ is held by a handful of people who won't sell. The rest pretty much won't sell as they believe 100k is possible. So we see maybe 5% selling which is driving up the price like crazy as it's causing a shortage and a FOMO moment for buyers.

This is the first major test not only for bitcoin but all cryptos. Whilst i'm not an investor in bitcoins the hype on it is phenomenal which is driving greater investment and awareness overall into the market.

Whilst i can shit on BTC from a great height, we are all here to make money. For me to make big bank i need BTC alive.

Best of luck gib. If i was you i would take some of that profit and bank it knowing you will come out with something. Celebrate the gains when you pull them out, not whilst they are still in.

I believe these next 14 days will be incredibly rocky and we will see many hits in the market.

[gib]

Do you know why people have been calling you out for almost 60 pages?

You try to pass as a top notch, savvy investor... and chances are that you're not.

The lack of use of technical analysis and terminology makes me believe you're lying when you claim to be an elite investor. All your claims about bitcoin are nothing but speculation.

I believe you have made a lot of money with bitcoin, and that probably gave you a huge ego boost. But to me, it seems like you gambled and won. That doesn't make you and investor, it makes you a gambler.

Lol at “technical analysis”. As I have explained earlier, I am a value investor. I rarely apply “technical analysis” if by that you mean chart trends etc. Rather I apply a fundamental analysis.

Bitcoin cannot be valued. So the only “bet” one can make is basically on whether more money will flow into BTC or out, in the coming years. For a range of reasons I think it’s likely more in.

Have I “made a lot”? Well that’s all relative. I have just under 23 coins. Purchased mainly between $750 and $1300 with a further top-up at $2700. But %-wise yes it’s been amazing.

Of course up to you what you think of me in terms of an investor. Read and make up your own mind as you wish.

[gib]

I agree that BTC could hit 100k.

We have seen the data behind it and there is extremely little investment of which 40%+ is held by a handful of people who won't sell. The rest pretty much won't sell as they believe 100k is possible. So we see maybe 5% selling which is driving up the price like crazy as it's causing a shortage and a FOMO moment for buyers.

This is the first major test not only for bitcoin but all cryptos. Whilst i'm not an investor in bitcoins the hype on it is phenomenal which is driving greater investment and awareness overall into the market.

Whilst i can shit on BTC from a great height, we are all here to make money. For me to make big bank i need BTC alive.

Best of luck gib. If i was you i would take some of that profit and bank it knowing you will come out with something. Celebrate the gains when you pull them out, not whilst they are still in.

I believe these next 14 days will be incredibly rocky and we will see many hits in the market.

Thank you. Yes I agree. Might take a few gains next year - let’s see. I will post here if I do. Again for me, I went in as a long term thing, in part to make sure I had exposure in case btc really ramps up (and also in case of an end of the world type scenario occurring, either financial or physical safety threat).

[gib]

Why do u think I disappear? I told I’m here.

Everything I have stated to date is correct. Go and re-read if needed.

Is it possible that btc will hit 100k or 1m at some point? Yes it is.

BTC is up over a 3 year time line.  And over 2 years. And 1 year. And 6 months. And 3 months. And even 1 month (and probably even half a month?). All a matter of perspective...

In fact, to elaborate, we are up 77% over last month. So don’t worry - the world is not ending...

[gib]

There is no free market if they are halted.  It's rigged.  They do the same with stock markets when they crash.   Totally bogus.  Let it crash, it clears out all the weak hands.

The Twinkletoe twins probably called to close down the exchange.  They were losing too much money.

Except that there are a virtually infinite number of crypto exchanges that can exist not to mention that peer to peer trading always continues 24/7.

[gib]

Oh and Mr A I just checked my total account balance and to my surprise was barely down from when I last checked (when btc was 18700). To my surprise the balance was hardly down at all? It took me a moment to work out why - then I realised that bitcoin cash (which I have the same amount of as btc) has sharply risen since the last week or so.

So if you were hoping that I was suffering from a “loss” then lol no I’m pretty fine. Up 1500% from beginning of 2017 + all the gains from bcash which I had basically ignored.

Merry xmasssssssss !!! (Only a bubble if ya wanit to be).

[NelsonMuntz]

Normal Bitcoin Millionaire at Christmas
Normal Bitcoin Millionaire's Friend: So what are doing on the holidays

Normal Bitcoin Millionaire: Well after xmas dinner I am leaving on the 26th for Hawaii, bringing my twin 20 year old bimbo girlfriends with me

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GetBig Bitcoin Millionaire at Christmas


Has no friends in real life, spending xmas holidays in the in-law basement apartment in his parents house he lives in telling everyone on getbig how great his life is since he started becoming a genius investor in bitcoin, while eating some turkey sandwich his mom made because at 40 years old he does not yet know how to boil an egg, but he is an expert investor
=====================================================================================

seriously who the fuck talks about investments on a fucking bodybuilding board except bullshitters

-

[cart@@n]

watch in real time:

https://www.coindesk.com/price/

[SF1900]

Normal Bitcoin Millionaire at Christmas
Normal Bitcoin Millionaire's Friend: So what are doing on the holidays

Normal Bitcoin Millionaire: Well after xmas dinner I am leaving on the 26th for Hawaii, bringing my twin 20 year old bimbo girlfriends with me

======================================================================================

GetBig Bitcoin Millionaire at Christmas


Has no friends in real life, spending xmas holidays in the in-law basement apartment in his parents house he lives in telling everyone on getbig how great his life is since he started becoming a genius investor in bitcoin, while eating some turkey sandwich his mom made because at 40 years old he does not yet know how to boil an egg, but he is an expert investor
=====================================================================================

seriously who the fuck talks about investments on a fucking bodybuilding board except bullshitters

-

I don't know, that sounds pretty decent.

[DooM_]

Oh and Mr A I just checked my total account balance and to my surprise was barely down from when I last checked (when btc was 18700). To my surprise the balance was hardly down at all? It took me a moment to work out why - then I realised that bitcoin cash (which I have the same amount of as btc) has sharply risen since the last week or so.

So if you were hoping that I was suffering from a “loss” then lol no I’m pretty fine. Up 1500% from beginning of 2017 + all the gains from bcash which I had basically ignored.

Merry xmasssssssss !!! (Only a bubble if ya wanit to be).

you and many others got bitcoin cash for free , which means a huge percentage got it for nothing . . . so the ' value ' is already quite artificial . . .

[manuelsonn]

Hey gib, is now a good moment to buy? Or it was better at 18000?

[Mayday]

Oh and Mr A I just checked my total account balance and to my surprise was barely down from when I last checked (when btc was 18700). To my surprise the balance was hardly down at all? It took me a moment to work out why - then I realised that bitcoin cash (which I have the same amount of as btc) has sharply risen since the last week or so.

a big part of that is the main exchanges have frozen BTC.

i have a small amount frozen right now but its ok as btc is holding so my value is still protected for now. unsure when they open it again on bittrex.

its a good thing to freeze exchanges. You cant short cryptos so nobody wins by seeing it crash. if freezing it stops the crash and allows me time to make more money then im all for it lol.

[DooM_]

a big part of that is the main exchanges have frozen BTC.

i have a small amount frozen right now but its ok as btc is holding so my value is still protected for now. unsure when they open it again on bittrex.

its a good thing to freeze exchanges. You cant short cryptos so nobody wins by seeing it crash. if freezing it stops the crash and allows me time to make more money then im all for it lol.

having your money locked from you when prices drop because it's good for the exchanges . . . this should send alarm bells ringing . . .

[gib]

Happens now with many major stocks markets now too, including the US. Personally I’m not a fan as I believe the free market should reign. In theory though it could reduce volatility.

Good thing with btc of course is that there are hundreds of indexes not to mention that one can buy and sell peer to peer 24/7.

[DooM_]

. . problem is that bitcoin cash's price is already artificially inflated . . .

[Tha Grim Lifter]

Everyone wants a get rich quick scheme that involves little work.

Problem is there are so many dodgy c$nts in the world that most things like this end up screwing over a lot of people. Not saying this will but lets face it....Human Behaviour + History 

[DooM_]

Everyone wants a get rich quick scheme that involves little work.

Problem is there are so many dodgy c$nts in the world that most things like this end up screwing over a lot of people. Not saying this will but lets face it....Human Behaviour + History 

with bitcoin cash those who got it for free have nothing to lose , the rest are cannon fodder . . . and combine that with conveniently shut down exchanges . . . its clear what the game is here . .

[FitnessFrenzy]

Gib, I congratulate you on your bitcoin gains, but I do have to say that I find it difficult to see bitcoin as a value investment.

How do you value a fair value of a bitcoin?

I heard that if rich people, defined by some criteria, bought bitcoin with 1% of their wealth, then bitcoin would cost 60.000 dollars. However, I think it is a vague definition of a fair value of bitcoin.

[Slapper]

. . problem is that bitcoin cash's price is already artificially inflated . . .

You tell me ONE single asset, aside from the cryptocurrency world, that isn't "artificially inflated". ONE. JUST ONE.

I highly suspect that the word you meant to say was "manipulated".

See, take BTC for example... institutional trading was basically reduced to a handful of OTC securities that held BTC in a trust. Result? Retail customers reigned and the coin exploded. All of a sudden the futures market opens up, the shorting hyenas make an entance and the stock takes a plunge. THIS isn't considered "tampering with the market" because it's institutions that are doing the trading/shorting. And if you think FOR A FUCKING SECOND that the media's insistence on calling it a bubble and that the coordinated attack (shorting + media repeating the doom-and-gloom scenario) is merely coincidental, I got one bridge I want to sell you.

Take, for example, Andrew Left of Citron... guy will short anything he can get his hands on, so much so that he has been invited to abandon several Asian markets. Well, this guy's now been given the green light to go after GBTC not because he believes it's going go go to zero, but because he knows it was trading at a premium and his self-appointed job, according to him, was to bring the stock down to its "real-world" price (which is the price HE and only HE decided to price the stock at).

I can give you more examples of this dichotomy, there are plenty. Just look at the prices of some of these internet stocks that produce nothing, barely have any profit and are priced in the 100s. Meanwhile, mining companies that own enough assets (with little proportional liabilities and decent gains, albeit the worst markets in decades) to buy the Nafta agreement with everything in it, are priced in the single digits.