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

[Teutonic Knight 1]

Still no names of 'emerging' central American countries ...............

[OlympiaGym]

 Crypto is too complicated IMHO to really become a true alternate currency. Yes, I can buy and sell crypto pretty easy and purchase items with it. However, I really have no idea what’s going on when I do. If all my crypto disappeared while I was transferring from an exchange to a wallet then what? Even an unverified transaction that sits for hours? Why can’t I just stop it? Who regulates the exchanges and wallets? I know the math is supposedly the regulator but if I drop some crypto in a wallet and the wallet disappears what then?

[Mr Anabolic]

Future upside is not a given. But a likelihood which I think is worth having some exposure to as a hedge against certain scenarios.

BTC is volatile. But don’t confuse volatility with long term value potential or with the other benefits BTC can provide.

You first called for BTC to fall at $400. Even at crash of $3000 that would have been a very impressive gain. It cannot feel good to have been continually wrong since that time (as you have also been for stocks since 2010). I think you learned your lesson which is also why you refuse to state what you think the highpoint of BTC will be. So yes, I likely will be back to remind you that you were wrong from time to time. The next time being 10K.

Again I challenge you to put your money where your mouth is Mr successful options trading anti-bitcoiner. What is the maximum it will reach, considering you think it a bubble and will fall?

lol - I learned my lesson?  WTF are you talking about?!? 

The only reason I read this thread is to laugh at the incessant bullshit you post here.

You really are a sociopath.  No joke.

[gib]

lol - I learned my lesson?  WTF are you talking about?!? 

The only reason I read this thread is to laugh at the incessant bullshit you post here.

You really are a sociopath.  No joke.

OK good. So in that case I send you this, with all my love. xxx blipty blip

https://minutes.co/is-bitcoin-a-fad-addressing-the-critiques-of-prominent-skeptics/

[gib]

Oh, and then there is this helpful guide, where you can see globally, where gains on BTC are and are not taxed (as I have tried to explain to you many times, tax laws vary per country, and in many countries gains on BTC are NOT taxable, either as income or as capital gains).

Further, that fact that such extensive regulations have been compiled, created, and continue to evolve should be able to tell (a smart man like) you something about what the future holds for BTC as an asset class...

Enjoy.

https://www.loc.gov/law/help/cryptocurrency/world-survey.php

[gib]

Still no names of 'emerging' central American countries ...............

Should be pretty obvious to most people, but in case it helps here is what you should focus on if interested in investing in that region. These countries are not without their problems and challenges, but also hold huge potential and opportunity. But back to the original point, the demand for BTC in these countries may well grow significantly over time (for reasons I have explained earlier).

https://www.nasdaq.com/articles/emerging-markets-latin-america-chile-brazil-colombia-peru-mexico-2015-10-19

The country weights in the MSCI Emerging Markets (EM) Latin America Index are: Brazil 46.6%, Mexico 36.51%, Chile 9.79%, Colombia 4.17% and Peru 2.93%.

[Twaddle]

Should be pretty obvious to most people, but in case it helps here is what you should focus on if interested in investing in that region. These countries are not without their problems and challenges, but also hold huge potential and opportunity. But back to the original point, the demand for BTC in these countries may well grow significantly over time (for reasons I have explained earlier).

https://www.nasdaq.com/articles/emerging-markets-latin-america-chile-brazil-colombia-peru-mexico-2015-10-19

The country weights in the MSCI Emerging Markets (EM) Latin America Index are: Brazil 46.6%, Mexico 36.51%, Chile 9.79%, Colombia 4.17% and Peru 2.93%.

[gib]

It's OK Twaddle. He just likes making silly comments and struggles with English. However, occasionally I take pity and take the time to educate him a little, being the nice guy I am .

[Teutonic Knight 1]

Wigzzy: Brazil,Chile,Peru,Colombia a NOT central American countries 

How is uncle Tedros of WHO 'fame' 

[Mr Anabolic]

Should be pretty obvious to most people, but in case it helps here is what you should focus on if interested in investing in that region. These countries are not without their problems and challenges, but also hold huge potential and opportunity. But back to the original point, the demand for BTC in these countries may well grow significantly over time (for reasons I have explained earlier).

https://www.nasdaq.com/articles/emerging-markets-latin-america-chile-brazil-colombia-peru-mexico-2015-10-19

The country weights in the MSCI Emerging Markets (EM) Latin America Index are: Brazil 46.6%, Mexico 36.51%, Chile 9.79%, Colombia 4.17% and Peru 2.93%.

I have a serious question for you Gibby my lad...

Besides personal validation and a pump and dump, why are so myopic about blipcoins and post about it here everyday?  No one here seems to care about them except you.   

There are PLENTY of other ways to make money in the markets.  You can make 100-1000% profit by trading stock and futures options.  It's much easier/faster than sitting there waiting for blips price to increase.  Even trading regular futures indices (ES, US30, US500, USTEC, CL, etc.) is much more lucrative.  Blips will never appreciate like they did from the penny and single dollar digit price range, so why waste precious time?   

[gib]

I have a serious question for you Gibby my lad...

Besides personal validation and a pump and dump, why are so myopic about blipcoins and post about it here everyday?  No one here seems to care about them except you.   

There are PLENTY of other ways to make money in the markets.  You can make 100-1000% profit by trading stock and futures options.  It's much easier/faster than sitting there waiting for blips price to increase.  Even trading regular futures indices (ES, US30, US500, USTEC, CL, etc.) is much more lucrative.  Blips will never appreciate like they did from the penny and single dollar digit price range, so why waste precious time?

It seems you are trying to change, or distract from, the premise of the original discussion.

For the record, I don't dispute that its theoretically possible to make huge profits trading futures/options. (It is also just as easy to lose huge amounts). If you enjoy speculating, it is of course also very easy to trade leveraged positions on bitcoin, just like on stock, and make huge profits (as well as lose everything). I have friends who do this 24/7 and that is truly a waste of time in my view. I don't trade either BTC or Gold (or even the bulk of my stock portfolio) actively for these reasons. If you hold the firm belief BTC is a bubble and will decline, you should take short positions and make a killing. Give it a try, and see how that works out for you.

With regard to your statement that "blips will never appreciate like they did from the penny and single dollar digit price range", may I take this as an admission and acknowledgement from you that you now agree, or accept, that BTC will likely actually rise over time? If so, we are making HUGE progress with you, as you have, it seems, now moved from being skeptical about the legitimacy of BTC as an asset class, to making predictions about the rate of its possible appreciation (as opposed to your prior predictions that it was a fad which would slowly dwindle to nothing).

As to "wasting precious time" I don't actively trade BTC. I recommend that everyone should buy, and hold, some BTC in their portfolio. Everyone's wealth position is different, but for most people here, owning a single BTC is something within reach, and something that may pay off hugely in the future if certain scenarios come to fruition. I know, despite your stubbornness, that you know what at least of some of those scenarios are, and that you do worry about them, and that you also know how BTC plays a part in defending (and even thriving) from them if they were to occur.

Some great examples here:

https://www.brinknews.com/latin-americas-cryptocurrency-market-is-soaring/

https://www.contxto.com/en/informative/cryptocurrency-revolutionizes-monetary-exchanges-latin-america/

https://www.coindesk.com/60-latin-american-banks-can-now-use-bitcoin-for-cross-border-payments

[Mr Anabolic]

It seems you are trying to change, or distract from, the premise of the original discussion.

For the record, I don't dispute that its theoretically possible to make huge profits trading futures/options. (It is also just as easy to lose huge amounts). If you enjoy speculating, it is of course also very easy to trade leveraged positions on bitcoin, just like on stock, and make huge profits (as well as lose everything). I have friends who to this 24/7 and that is truly a waste of time in my view. I don't trade either BTC or Gold (or even the bulk of my stock portfolio) actively for these reasons. If you hold the firm belief BTC is a bubble and will decline, you should take short positions and make a killing. Give it a try, and see how that works out for you.

With regard to your statement that "blips will never appreciate like they did from the penny and single dollar digit price range", may I take this as an admission and acknowledgement from you that you now agree, or accept, that BTC will likely actually rise over time? If so, we are making HUGE progress with you, as you have, it seems, now moved from being skeptical about the legitimacy of BTC as an asset class, to making predictions about the rate of its possible appreciation (as opposed to your prior predictions that it was a fad which would slowly dwindle to nothing).

As to "wasting precious time" I don't actively trade BTC. I recommend that everyone should buy, and hold, some BTC in their portfolio. Everyone's wealth position is different, but for most people here, owning a single BTC is something within reach, and something that may pay off hugely in the future if certain scenarios come to fruition. I know, despite your stubbornness, that you know what at least of some of those scenarios are, and that you do worry about them, and that you also know how BTC plays a part in defending (and even thriving) from them if they were to occur.

Some great examples here:

https://www.brinknews.com/latin-americas-cryptocurrency-market-is-soaring/

https://www.contxto.com/en/informative/cryptocurrency-revolutionizes-monetary-exchanges-latin-america/

https://www.coindesk.com/60-latin-american-banks-can-now-use-bitcoin-for-cross-border-payments

You didn't answer my question.  All you did was post more blipcoin propaganda links to try and validate yourself and bolster the notion that blips price can only increase to $100K and beyond. 

To be perfectly clear, I don't accept/agree about anything you post on this thread, I'm simply trying to understand your motives here. 

I'll rephrase my question, plain and simple...

Why are you on a bodybuilding/workout forum constantly pumping these blipcoins? Are you a fiduciary for Getbig members?  Are you attempting to suck in others to get the price higher?  The pump and dump worked in the past, but not anymore because Joe Six Pack is basically going broke.  In case you forgot, you did admit to pumping and dumping blips about 70 pages ago. 

Answer the question and don't obfuscate this time.   

[gib]

OK, I’ll answer that We are all a bunch of guys here unified by bodybuilding who like talking about a bunch of stuff. That includes not just bodybuilding but also politics, chicks, music, health, finance, humour, celebrities etc.

Why did I post the topic on bitcoin? Mainly because it was a topic of huge interest (hence there are actually numerous discussion threads on getbig, going back to before you called BTC a bubble at $400).

Why do I put so much effort in? It’s not much really, but I do feel good about educating others and helping others out. So for all the bs chatted here the reward to some getbiggers is to buy some BTC. When the time comes I will take satisfaction in knowing people’s lives were significantly improved due to my influence. (Probably similar to your motives of telling people the stock market was about to crash and to buy silver for every year from 2010 until now).

I also liked the idea of creating a record of long term of “objections” to bitcoin and the responses thereto (and you have played the perfect part in this process). Future historians will read this thread with great interest. Why on getbig, of all places? I have my reasons.

As for the price of BTC, you know as well as I that some people can buy a whole coin. Some can buy more. And some can buy less. The important thing is to have some exposure to BTC. For me personally my BTC holding is less than 1% of total net worth. (The majority of wealth is in stocks, property, private companies, and a little cash). But, I can foresee some global scenarios where my small BTC holding could become a very substantial part of my wealth, including providing a range of other benefits including immediate and frictionless geographical probability.

No one of course is forced to read this thread, but many do. But for those not intersted they can move on to the next topic.
 
Blip.

[Mr Anabolic]

I’ll add to that. We are all a bunch of guys here unified by bodybuilding who like talking about a bunch  of stuff. That includes not just bodybuilding but also politics, chicks, music, health, finance, humour, celebrities etc.

Why did I post the topic on bitcoin? Mainly because it was a topic of huge interest (hence there are actually numerous discussion threads on getbig, going back to before you called BTC a bubble at $400).

Why do I put so much effort in? It’s not much really, but I do feel good about educating others and helping others out. So for all the bs chatted here the reward to some getbiggers is to buy some BTC. When the time comes I will take satisfaction in knowing people’s lives were significantly improved due to my influence. (Probably similar to your motives of telling people the stock market was about to crash and to buy silver for every year from 2010 until now).

I also like the idea of creating a long term of “objections” to bitcoin and the responses thereto (and you have played the perfect part in this process). Future historians will read this thread with great interest. Why on getbig, of all places? I have my reasons.

As for the price of BTC, you know as well as I that some people can buy a whole coin. Some can buy more. And some can buy less. The important thing is to have some exposure to BTC. For me personally my BTC holding is less than 1% of total net worth. (The majority of wealth is in stocks, property, private companies, and a little cash). But, I can foresee some global scenarios where my small BTC holding could become a very substantial part of my wealth.

No one of course is forced to read my writings, but many do. But for those not intersted they can move on to the next topic.

And now, I have one very special surprise for those paying attention. I have, so far,  left 13 (of 24) four letter recovery seed words to enable access to a single coin, among my writings. Eventually, someone in the future is going to figure it out. The reward will be waiting for them. My little gift to getbig.

Blip.

So you try to "school" people here about blips because you care and want to make sure their future is financially secure.

 

But you never post about anything else.  Why?

[Griffith]

So you try to "school" people here about blips because you care and want to make sure their future is financially secure.

 

But you never post about anything else.  Why?

He admitted he's using this thread to pump bitcoin because it's in his own interest to do so.

[Mr Anabolic]

He admitted he's using this thread to pump bitcoin because it's in his own interest to do so.

There's really no pump left.  He's only trying to validate himself.  There must be 1000's of blipcult forums out there, they can all circle-jerk together.  Nobody here cares about blips except him.

Blipcultists doesn't seem to realize that most people are broke (especially now) and have little or no spare cash to gamble with.  2017 was a once in a lifetime blip-bubble mania event, no more FOMO (which is the main thing that sucked people in).  The mania was over 2 years ago.  I bet there are many who bought at 20K then got hammered during the 2017/18 crash and they're still holding that bag and hoping. 

Blips are not money, it's not decentralized, it's taxable (at the highest tax rate), it's a Ponzi.  Sure you can trade it, but it's dumb because the margin requirements are very high.  Plenty of better ways to trade the markets and make money. 

[Humble Narcissist]

There's really no pump left.  He's only trying to validate himself.  There must be 1000's of blipcult forums out there, they can all circle-jerk together.  Nobody here cares about blips except him.

Blipcultists doesn't seem to realize that most people are broke (especially now) and have little or no spare cash to gamble with.  2017 was a once in a lifetime blip-bubble mania event, no more FOMO (which is the main thing that sucked people in).  The mania was over 2 years ago.  I bet there are many who bought at 20K then got hammered during the 2017/18 crash and they're still holding that bag and hoping. 

Blips are not money, it's not decentralized, it's taxable (at the highest tax rate), it's a Ponzi.  Sure you can trade it, but it's dumb because the margin requirements are very high.  Plenty of better ways to trade the markets and make money.

Who actually pays taxes on Bitcoin?  Yes, there are many better ways to make money.

[Teutonic Knight 1]

https://www.nasdaq.com/articles/emerging-markets-latin-america-chile-brazil-colombia-peru-mexico-2015-10-19

Wiggzy, it's May 2020, not October 2015 !.

[Griffith]

Wiggzy, it's May 2020, not October 2015 !.

And the US had to actually build a wall to keep out the people fleeing from 'emerging' Mexico where things are so bad they will risk their lives to escape.

Colombia is one of the most dangerous countries in the world and so is Brazil. Brazil's and Colombia's currencies have been devaluing quite heavily and their economies were already struggling before Covid19.

[Teutonic Knight 1]

And the US had to actually build a wall to keep out the people fleeing from 'emerging' Mexico where things are so bad they will risk their lives to escape.

Colombia is one of the most dangerous countries in the world and so is Brazil. Brazil's and Colombia's currencies have been devaluing quite heavily and their economies were already struggling before Covid19.

Oh, why 10 000's of those suckers group at the U.S. border if life is so good in Guatemala,Honduras,.............................

[gib]

Techtonic - Would I want to live in Guatemala, Honduras etc?. No not really. Same with most countries in Africa. Same with India. Etc. But don't confuse shitty or dangerous living conditions with potential for economic growth. These are 2 very different things. But either way, the point is, as explained above, there are reasons why BTC appeals and has a place as a store of value to people who reside in countries that are unstable, have volatile and devaluating currencies, corrupt politicians, unstable banks etc.
 
Mr A - It would be naive to think I could do a pump and dump on, of all places, a body-building forum when there would be far more effective places to do this if that was my intent. Its a silly comment to suggest this, if you think about it. Further, if that was my intent, I would of course be picking and pushing a coin (or stock) which has a much smaller market-cap that BTC, and therefore would be much easier to influence and manipulate.

Let me ask you again. Are you still claiming that BTC is a bubble and will decline (as you have claimed repeatedly in the past)? Or do you concede now that it will in fact likely go up in value over time?

[Bindare_Dundat]

He admitted he's using this thread to pump bitcoin because it's in his own interest to do so.

Really? Thata the power of posting on getbig.

[pellius]

YEAH! BTC broke the long-sought $10,000 barrier and I finally got back the money that I lost plus a whole $63 but it's a start. And it seems on the upswing now. We'll see how long it's last but from what I've been reading it was breaking that mythical $10,000 mark that is supposed to turn things around and encourage people back in and regain a bullish trend.

[Mr Anabolic]

Techtonic - Would I want to live in Guatemala, Honduras etc?. No not really. Same with most countries in Africa. Same with India. Etc. But don't confuse shitty or dangerous living conditions with potential for economic growth. These are 2 very different things. But either way, the point is, as explained above, there are reasons why BTC appeals and has a place as a store of value to people who reside in countries that are unstable, have volatile and devaluating currencies, corrupt politicians, unstable banks etc.
 
Mr A - It would be naive to think I could do a pump and dump on, of all places, a body-building forum when there would be far more effective places to do this if that was my intent. Its a silly comment to suggest this, if you think about it. Further, if that was my intent, I would of course be picking and pushing a coin (or stock) which has a much smaller market-cap that BTC, and therefore would be much easier to influence and manipulate.

Let me ask you again. Are you still claiming that BTC is a bubble and will decline (as you have claimed repeatedly in the past)? Or do you concede now that it will in fact likely go up in value over time?

It's ponzi bubble that relies on the "greater fool" theory.  As I have stated that here many times.
 Blips don't really exist, they are digital vaporware.  They can be stolen, disappear when the power goes off, and/or made illegal.   Who cares if it goes up... it means nothing to me and most others here, only to you.

[Mr Anabolic]

YEAH! BTC broke the long-sought $10,000 barrier and I finally got back the money that I lost plus a whole $63 but it's a start. And it seems on the upswing now. We'll see how long it's last but from what I've been reading it was breaking that mythical $10,000 mark that is supposed to turn things around and encourage people back in and regain a bullish trend.

Dare you go!  I recommend you to buy ammo with your winnings.  You're gonna need it.