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

[Mr Anabolic]

Huh? I made money. You didn’t.

lol   You never proved you owned/sold anything.  A faked screen shot of a fake $30 mil bank account - LOL!

"BLIPS TO 1 MILLION!"  - gibtard 2017

You told people to buy blips at the exact peak of this maniacal bubble.  lol

These retorts of yours are so desperate, so weak.

Give it up, will you.

[manuelsonn]

So masterblipcoin encouraged people to buy shit that he could sell high. If that s not an investment I dont know what it is. Maybe a ponzi?

[loco]

Bitcoin set for worst week since 2013 as crypto sell-off intensifies

Feb 2, 2018

"Cryptocurrencies plunged on Friday, with several of the largest falling by more than 20 percent and bitcoin sliding below $8,000 and headed for its worst week since 2013, as worries about a regulatory clampdown globally sent investors scrambling to sell."

https://www.yahoo.com/finance/news/bitcoin-slides-further-headed-worst-092653765.html

[Soul Crusher]

Bitcoin set for worst week since 2013 as crypto sell-off intensifies

Feb 2, 2018

"Cryptocurrencies plunged on Friday, with several of the largest falling by more than 20 percent and bitcoin sliding below $8,000 and headed for its worst week since 2013, as worries about a regulatory clampdown globally sent investors scrambling to sell."

https://www.yahoo.com/finance/news/bitcoin-slides-further-headed-worst-092653765.html

Bitcoin is a ponzi scheme - i feel bad for people who got sucked into this mania

[JAGO]

.

[blackpele]

The banking establishment will fight to the death in order to exterminate bitcoin............if it survives is anyone guess........

[oldschoolfan]

i have bought and sold bitcoin you cant use it for hardly anything,  the only thing i have used it for, was to pay my fees on a site i sell on, it has gotten very expensive to even send payments, and it is not instant, you have to pay alot more for your chainblock to be confirmed, 

[Mr Anabolic]

Bitcoin is a ponzi scheme - i feel bad for people who got sucked into this mania

As I said from the beginning.  

Manias are an interesting lesson in phycology.  I've studied all asset bubbles since the tulip mania of 1630's.  The common thread is NONE of them ever end well.  Those who lack logic and critical thinking skills are the ones who get sucked into these manias.  Once they are in, the euphoria prevents them from seeing it's a bubble.

I still predict many who bought dipcoins at 10K, 15K, and 20K and hold all the way down will be taking swan dives off tall skyscrapers.  People that do this should be given a posthumous Darwin award.  Serves them right for being so greedy and stupid.

The stock market is also a huge bubble.  Same goes for the bond and real estate market.  Today the DOW lost almost 700 points.  Expect much more of this type of action in the near future.  EVERYTHING is a bubble, except for precious metals, some grains and most softs.  Remember, you're suppose to buy low and sell high.  Successful investing is about timing more than anything else.  

[Zillotch]

Bitcoin is a ponzi scheme - i feel bad for people who got sucked into this 

everyone will be suked into this shit whether they like it or not.

[Mr Anabolic]

everyone will be suked into this shit whether they like it or not.

I understand what you are getting at and I agree, but I believe an underground market will emerge for people who refuse to partake.

[Zillotch]

I understand what you are getting at and I agree, but I believe an underground market will emerge for people who will not partake.

that will be next to impossible, I understand that now... but one might as well go down fighting. this is a fight, btw... people have no idea.

[gib]

lol   You never proved you owned/sold anything.  A faked screen shot of a fake $30 mil bank account - LOL!

"BLIPS TO 1 MILLION!"  - gibtard 2017

You told people to buy blips at the exact peak of this maniacal bubble.  lol

These retorts of yours are so desperate, so weak.

Give it up, will you.

Blips to 1 million is your quote not mine. It’s all documented here what I said.

I made money on bitcoin as did anyone who bought when I did and sold when I did. I also disclosed the times I bought and sold. Indeed if you read the title of the thread you will see that blips were below 5000 when we started and now still around 8500 blowing away the performance of gold you retard.

You made nothing on bitcoin. And I made a lovely return. So boo hoo blippity blip schadenfreu illusion peace of shxt. (Sorry didn’t want to stoop to name calling but it just seemed to rhyme in an appropriate way ... )

And please don’t take this all too seriously - you’ve been a good contributor on some topics in the past as I’ve acknowledged before. 

[Mr Anabolic]

Blips to 1 million is your quote not mine. It’s all documented here what I said.

I made money on bitcoin as did anyone who bought when I did and sold when I did. I also disclosed the times I bought and sold. Indeed if you read the title of the thread you will see that blips were below 5000 when we started and now still around 8500 blowing away the performance of gold you retard.

You made nothing on bitcoin. And I made a lovely return. So boo hoo blippity blip schadenfreu illusion peace of shxt. (Sorry didn’t want to stoop to name calling but it just seemed to rhyme in an appropriate way ... )

And please don’t take this all too seriously - you’ve been a good contributor on some topics in the past as I’ve acknowledged before. 

...

You're a lying sociopath.


"BLIPS TO $100K, then to $1 MILLION!"

[Dave D]

Why on earth would you buy gold or silver?

People who used to buy gold are selling and buying bitcoins.

Right now it's just half a percent. Soon it will be one, then 5, then 10. It's happening. And you will jump on board sooner or later.
[/quote

Good and silver are good now right?

[gib]

Hi Dave - bitcoins outperformed both gold and silver significantly during the time this thread has been running (and indeed going all the way back in time when btc was around 400 and Mr A was recommending gold and silver instead of Btc). That of course cannot be disputed (expect by Mr Angry man himself who seems to live in a world of illusions and delusions).

Is gold or silver a good buy now? Well I generally don’t buy any non-yielding unproductive asset whose value is based solely on speculation rather than earnings fundamentals. (Bitcoin was the exception because I correctly identified a trend and of course profited big time from it).

Do I think gold/silver will ever appreciate as much as Btc did? No.

Which has the potential for most rapid appreciation over the next few years? Obviously bitcoin (but also more risk).

Is it ok to buy/hold silver in your portfolio now? Sure - I would personally suggest not allocating more than 5% of total assets to gold and not allocating more than 1% to btc.

Given where we are in stock and bond valuations it arguably makes sense to hold some gold (although actually during the last financial crisis gold actually underperformed simply holding cash by around 20%. So arguably, if anything, you should be holding cash compared to gold (USD). What I have done is bought some gold (more just as a bit of fun but also as a hedge for a just in case end of the world type scenario but I’ve actaually invested in a gold mining ETF (that basically owns the worlds top 10 gold mining companies). Gold mining companies typically outperform the gold price at ratios of between 3-5x, so this is how I would get my main benefit on any increase in gold demand. Again though it’s not at all a large position I hold and again more of a “just in case” type investment.

Long term gold is not a good investment but in the shorter term it might well be. And quite possibly within the next 0-3 years.

[Griffith]

Blips to 1 million is your quote not mine. It’s all documented here what I said.

I made money on bitcoin as did anyone who bought when I did and sold when I did. I also disclosed the times I bought and sold. Indeed if you read the title of the thread you will see that blips were below 5000 when we started and now still around 8500 blowing away the performance of gold you retard.

You made nothing on bitcoin. And I made a lovely return. So boo hoo blippity blip schadenfreu illusion peace of shxt. (Sorry didn’t want to stoop to name calling but it just seemed to rhyme in an appropriate way ... )

And please don’t take this all too seriously - you’ve been a good contributor on some topics in the past as I’ve acknowledged before. 

You said it could reach a million dollars several times.

[gib]

You said it could reach a million dollars several times.

Correct. I agreed that it could when Mr A queried if I thought this was possible (not that it would). A subtle, but nonetheless important detail that some like Mr A (who did make absolute statements) seem to overlook. Nor did I give a time horizon (although for 100k I did note that some analysis predicted this would be reached in 3 years).

Bitcoin produces no yield so it’s value is basically whatever people collectively agree it’s worth. (Same with gold). So actually both could go to extreme levels in value, but clearly Btc having the greater potential. Another similar asset class is art (paintings, sculptures etc).

[Griffith]

Correct. I agreed that it could when Mr A queried if I thought this was possible (not that it would). A subtle, but nonetheless important detail that some like Mr A (who did make absolute statements) seem to overlook. Nor did I give a time horizon (although for 100k I did note that some analysis predicted this would be reached in 3 years).

Bitcoin produces no yield so it’s value is basically whatever people collectively agree it’s worth. (Same with gold). So actually both could go to extreme levels in value, but clearly Btc having the greater potential. Another similar asset class is art (paintings, sculptures etc).

Even when not queried, you said a million dollars and how everyone who held on would be fabulously rich and the price wound just keep going up and up. And that even when it was over 19000 in value, you still recommended buying at such prices and that those prices would be 'cheap' in the future.

[gib]

Even when not queried, you said a million dollars and how everyone who held on would be fabulously rich and the price wound just keep going up and up. And that even when it was over 19000 in value, you still recommended buying at such prices and that those prices would be 'cheap' in the future.

Guys a little update (and as I said, I would post here, and say when I sold, whether it was at a profit or loss).

I am now almost entirely out of BTC, having sold off over the last few days at between 13500-16500. I now have 384K USD in the account I use for my BTC.

Its a pretty awesome feeling when you start, over a day to see the account balance grow as you see - $18,000, $24,000, $38,000 etc ending up to $384000 which is what I now have. (Also sold the BCC I had which was very nice considering I got it for "free").

I am holding now a single BTC on my Trezor and a bit of shrapnel on some other wallets (and also very nominal amounts of ETH and BCC).

So, pre-empting the questions, "why did you sell GIB"? You told us it will keep going up. (Or as Mr A likes to misquote, "you told us it would hit 100K then 1 million)".

Well, first, as I have always said, I don't think BTC can be valued. So it its indeed possible it could hit 40K end of year, and 100K in 3 years. (It could also drop significantly). Just today 2 "leading Wall St analysis" came out with BTC outlooks for year end 2018, one at 1.8K and the other at 20K. Personally, I am very very happy with the gains I have made.

When considering my buying price, these are the biggest % gains I have ever made on an investment (gambling and poker etc aside). Mind-blowing really. Part of what changed my thinking was that I was looking at a car I like which is selling for around USD 80K (a top of the range hotted up 2018 Ford Mustang) I sold off 80K to put aside, basically "securing the car", and then when I saw the reality of the cash and what it could buy I kind of thought of the remaining amount as being another 3 cars - a dose of reality perhaps. I "invested" on the feeling that a trend would take place, and I was right. Not perfect of course - I didn't sell a month back at 19K+ (and indeed if prices hit 40K, then in hindsight my decision to cash out will be far from perfect).

Prompting another expected comment - "but you already (supposedly) have so much money, why not just hold BTC then" its also about not losing money. I like making money, and I don't like losing money. (Buffet rule #1 - dont lose money). (Also noteworthy, I was one of the few who got out of the NASDAQ before it crashed (actually way too early).

Almost all of my crypto friends are holding or buying right now. Both more BTC, and then alt coins. Some have over USD 2m in crypto (including one who has most of his entire net worth now in crypto as basically has decided its all or nothing for him) - I have had discussions with them about converting into "real money" but all are very much of the view that there is much much more upside - lets see.

Will I rebuy? Well as I have said, everyone should hold at least 1 BTC, (for many reasons). Its also quite possible, that after the current trend to alt from BTC, we will eventually see a massive swing back to BTC. I will elaborate in future posts. Will I rebuy BTC -yes for sure, if it has a substantial correction.

I'll reply to some of the other comments a little later - busy now. Just wanted to share the update.

[Griffith]

That does not change anything about your prior statements.

[manuelsonn]

Hey gib! Are you still encouraging people to buy blipcoins while you re buying gold?

[Ted SuperSet]

All hating on gib because he made bank and has millions. Cracks me up.

[Mr Anabolic]

That does not change anything about your prior statements.

Doesn't matter what previous post of his you quote, this bliptard will deny everything and/or say "I really meant this instead of that".  This is how sociopaths obfuscate.  He knows I'm correct about gold and blipcoin being a maniacal bubble, this is why he sold and why he mentions me in every post.  I own his little bliptard brain - lol  


"BLIPS TO 1 MILLION!"   - gibtard 2017

[Mr Anabolic]

All hating on gib because he made bank and has millions. Cracks me up.

The only thing I hate are disingenuous people and liars... same thing really.

He posted a real screen shot of a fake bank account.  Plenty of apps out there that can do this.  I posted the google link, take a look at it.  No proof of the $384K blipcoin profit either.  

[muscleman-2017]

BTC has reached the bottom.  It is going up again now.