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

[gib]

Oh and 7000...

[Theoak*]

Bear in mind the total number of bitcoins actually accessible and not “lost” is far less. Hence a valuation based on this formula, could be higher.

Bear in mind further that over time we will continue to see more USD printed. To to the extent you are measuring BTC value in USD, the nominal value will also be higher over time.

^^^

[Wiggs]

When the f%ck is XRP going to show a sign of life!!!!?

[gib]

Bear in mind the total number of bitcoins actually accessible and not “lost” is far less. Hence a valuation based on this formula, could be higher.

Bear in mind further that over time we will continue to see more USD printed. To to the extent you are measuring BTC value in USD, the nominal value will also be higher over time.

And bear in mind further this is just household wealth. It does not include institutional wealth held by corporates and government etc. So if you factor out both lost coins and those held by corporates and governments the total amount left for “ordinary people” would be far less - perhaps only 5m coins (especially if you remove top 20 whales”).

[gib]

Oh and 7100

[gib]

bitcoin was invented for criminals to hide money, you cant use it for anything i have bought and sold bitcoin. it is a pain in the ass, and most people would have a very hard time figuring out how to send it.

Not correct that it was “Invented for criminals”. But for sure it is used by criminals. As is USD cash and indeed anything of value. It’s also used by non-criminals, both to purchase things, but primarily as a store of value or a mechanism to transfer value.

I can send from my phone to someone on the other side of the world in less than a minute. Far quicker and more efficiently than going to the bank to do this.

[gib]

In essence, he is not lying , but just to describe what seems to be currently taking place and to suggest that based on current bitcoin dynamics, there is likely going to continue to be a gravitation of value into bitcoin which has a lot of other effects that are likely going to be societal wide. 

No one is going to really know the details of how the future is going to evolve, but each person may well be able to contemplate various changing dynamics that are partly caused by changed tools and the power of such tools.. referring to bitcoin here.    Once you make various assessments, you assign probabilities to future events and attempt to live your life based on situations that seem more probable to come true.. and you are not locked into your initial assessment, because you tweak along the way and hope that you were kind of in the ballpark in your earlier assessments rather than in complete fantasy land.. 

The closer you are the more likely you will prosper, unless you just get lucky,. but I prefer to live a life of good odds and not too much drama rather than making bets on things that are not likely to happen.  To each their own.  We are not all the same in our views, willingness to take risk, financial means, talents and timeline considerations.

Amen. Exactly.

[gib]

He is not promising anything. It is a gamble like anything else. Do you have balls or not? Mark Cuban gave some useful info about cryptos back in 2017.

Billionaire Mark Cuban seems to be among that group. As he told Vanity Fair, it's OK to invest up to 10 percent of your savings in high risk investments, including bitcoin and ethereum. You've just "got to pretend you've already lost your money," he said, adding that it's like throwing "the Hail Mary."

https://www.cnbc.com/2017/11/22/mark-cuban-only-invest-in-bitcoin-if-youre-prepared-to-lose-your-money.html

Basically you should not give a fuck about any money you put into cryptos. Assume it is already lost and you will make zero profits and only have a 100% loss. With that mindset it prepares you for the worse. Anything beyond that is then a plus.

This is my mindset. Could I lose money with cryptos. Fuck yeah. Could I lose money in a bar drinking expensive alcoholic drinks? You bet. I'm not taking my money to the grave either. Might as well have some fun and take chances here and there. But it has to be money you can afford to lose. Don't be that guy that mortgages his house on cryptos!

Exactly right. What I noticed is there are some very bitter people who are annoyed at having missed out on BTC and who then focus their anger on people who are simply explaining facts. Haters gonna hate I guess.

[Dave D]

Oh and 7100

Stock market closed for the weekend and evenings. Bitcoins gaining in price and traded at all hours.

Stocks < bitcoins

[gib]

You are acting like you discovered this lol.”capture a discussion that will be of value as historians look back..” oh lord, I can link you to the actual discussions historians will be looking back on, and they happened 8-10 years ago.Like the following, the first bitcointalk post by satoshi nakamoto in 2009, the creator of btc, whose identity still isnt confirmed.

https://bitcointalk.org/index.php?topic=5.msg28#msg28

They are not going to come to a bodybuilding forum full of people who are 8 years late to all the truly life changing gains with some guy posting a thread at the end of the 2017 bull run, who clearly missed all the important proceeding years.You are not “in the know” to something new, you are late late to the party.Even Goodrum was talking about this 5 years ago.

Ive been in crypto for 6, knew about btc in 2010, considered investing in 2011, bought in 2013.Again there are far bigger gains in coins you have never heard of.lamda just went 50x, quant went 40x,chx 24x etc.Maybe you can get a 10x btc, but youll get it much faster elsewhere.

My aim was to capture conversation as a kind of case study during the era as BTC went mainstream hype-phase. And I had a perfect protagonist, who helped me - Mr A, whom I prodded perfectly to become Mr anti-blip coin. Get big really is a good blend of some people who are smart and some who are not so smart, which of course is also a good reflection of society in general.

Just like Buffet in his annual letter to shareholders, I have deliberately dropped “pearls of wisdom” throughout this thread. They are there for those who take the time to read, contemplate, and learn.

[keanu]

Crypto is rising because a prolonged trade war appears to be in the books. The stock market under the current conditions have no where to go but down. Thankfully a huge 4 month bull run has most investors doing well. Crypto mania may arise. The money has to go somewhere and the small crypto market needs little to explode. But beware, most of these coins have no product at all. Quick to rise, quick to fall. Good luck at all those making money.

[gib]

Crypto is rising because a prolonged trade war appears to be in the books. The stock market under the current conditions have no where to go but down. Thankfully a huge 4 month bull run has most investors doing well. Crypto mania may arise. The money has to go somewhere and the small crypto market needs little to explode. But beware, most of these coins have no product at all. Quick to rise, quick to fall. Good luck at all those making money.

There is actually a direct counter argument to your view of the stock market, being that the trade war will result in a falling yield curve putting even more pressure on the Fed to hold off raising rates (or indeed even lower rates) to help support the economy, which in turn would be positive for stock markets both because the cost of borrowing (both by investors and the companies themselves) would then be lower, and also because the differential between company earnings and risk free income (ie the 10 year T note) would be higher.

[gib]

Oh and 7200 ...

[keanu]

There is actually a direct counter argument to your view of the stock market, being that the trade war will result in a falling yield curve putting even more pressure on the Fed to hold off raising rates (or indeed even lower rates) to help support the economy, which in turn would be positive for stock markets both because the cost of borrowing (both by investors and the companies themselves) would then be lower, and also because the differential between company earnings and risk free income (ie the 10 year T note) would be higher.

 Speculation is that Trump is trying for lower rates with this tariff move, but the Fed looking at their metrics want no part in it. I'm mostly in cash for now and couldn't care less. 25 percent tariffs to 200 billion of goods, with another 325 billion coming? Then Trump agrees to a deal with lower rates and the economy explodes. 2020 will be a huge year financially. Trump will ensure the economy is flying high heading into his election. I hope crypto runs so I can dump mine at a good profit. The Chinese will be buying big. Their markets are toast.

[gib]

Speculation is that Trump is trying for lower rates with this tariff move, but the Fed looking at their metrics want no part in it. I'm mostly in cash for now and couldn't care less. 25 percent tariffs to 200 billion of goods, with another 325 billion coming? Then Trump agrees to a deal with lower rates and the economy explodes. 2020 will be a huge year financially. Trump will ensure the economy is flying high heading into his election. I hope crypto runs so I can dump mine at a good profit. The Chinese will be buying big. Their markets are toast.

I agree with all of this.

[gib]

On and 7250

[manuelsonn]

Hey gib! You seem to have a lot of knowledge regarding this ponzi scheme. Can you please tell us what value doar you expect to reach bitcoin ar the end of the test, you piece of shit ?

[gib]

Hey gib! You seem to have a lot of knowledge regarding this ponzi scheme. Can you please tell us what value doar you expect to reach bitcoin ar the end of the test, you piece of shit ?

If you read my prior writings you will see that I have explained before that an asset that produces no yield. So the purchase thereof is inherently speculative. I also explained why the term ponzie scheme is not applicable to BTC (although note it could be applied to some types of crypto and ICOs.

Not sure what u mean “end of the test”. If you meant of the year I would guess a range between 5-10K, but again I caveat that with my earlier points above.

[el numero uno]

Your formula is correct. The point was making that from the last low to now, on a annualised basis, the return has been huge on a annualised percentage basis. Of course is that not many buy at the exact low - we will only see larger scale mainstream buying once taxi drivers etc again, believe that “Bitcoin is going up again”.

So, you make the point that bitcoin gives great returns by dividing the return by 3? What?

[keanu]

Warren Buffett himself stated a few days ago that stocks are still ridiculously cheap if interest rates stay low.

Yes, but the trade war will impact future guidance lower for the year forcing stocks down from here. If these tariffs continue for the year the average u.s. household will have close to 1000 dollars less to spend. Cost go up for companies and margins shrink, some sectors more than others. Both nations will be hurt but China can withstand it better. The Chinese president has a job for life while Trump needs re-election.  It's a risky game, the U.S. needs China to keep buys it's debt, while China needs the U.S. to consume goods. They both need each other. At some point a weak deal will be made where both sides proclaim victory, and Trump sails into the election. The markets will soar.

[Griffith]

Hey gib! You seem to have a lot of knowledge regarding this ponzi scheme. Can you please tell us what value doar you expect to reach bitcoin ar the end of the test, you piece of shit ?

 

[gib]

How are you Mr Anabolic!

You still lurking here? We miss you.

[gib]

Oh and 7300 ...

[ratherbebig]

easily one of the most stupid threads on getbig. bumping this thread everytime bitcoins go up or down? whats the point?

too much freetime on your hands.

[gib]

Have I ever bumped it going down? Please go and learn your getbig bitcoin history.

Oh and 7400.