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

[Pasita]

In general, when do you think cryptocurrency will become common?

[Mr Anabolic]

In general, when do you think cryptocurrency will become common?

Sell everything you got and go all in... you cannot lose... it's a sure thing!

[FitnessFrenzy]

$ 20.271,05

[gib]

Sell everything you got and go all in... you cannot lose... it's a sure thing!

Its fine to hold other assets. And also to hold small amounts of cash (which will depreciated overtime) for day to day transactions.

But it is ESSENTIAL that every one of us have some Bitcoin. Over time, most of us will have a greater and greater % of BTC vs cash. I have said this many times. Buy BTC. HODL. Wait. Simple.

[gib]

...Oh and 20,000. 

[polychronopolous]

We are now seeing scarcity at work.

The all time high has been broken and we are now entering the price discovery phase.

Expect the price to go much higher based on it's FUNDAMENTAL value.

[gib]

We are now seeing scarcity at work.

The all time high has been broken and we are now entering the price discovery phase.

Expect the price to go much higher based on it's FUNDAMENTAL value.

Agree entirely. We are still very very early in the development of a global decentralized store of value which eventually EVERYTHING will be pegged to in one way or another. We are literally witnessing the birth of a new global currency compressed over a historically short period of time (several decades as opposed to several thousands of years that it took for gold). Quite a special moment in time to witness.

[gib]

Me thinks $5000 was THE top.  Let's see if I'm right.

[Mr Anabolic]

Its fine to hold other assets. And also to hold small amounts of cash (which will depreciated overtime) for day to day transactions.

But it is ESSENTIAL that every one of us have some Bitcoin. Over time, most of us will have a greater and greater % of BTC vs cash. I have said this many times. Buy BTC. HODL. Wait. Simple.

And if you truly believed that, you would've never have sold at $16K. 

You'll sell it when it looks like it's dumping, just like you did last time.

[Mr Anabolic]

I could go back and re-post all the utter bullshit you posted during this thread, but it's a waste of my time.

When blips crash again, you'll disappear from this thread like you did the first time.

[Mr Anabolic]

We are now seeing scarcity at work.

The all time high has been broken and we are now entering the price discovery phase.

Expect the price to go much higher based on it's FUNDAMENTAL value.

No, you're seeing this...

[gib]

And if you truly believed that, you would've never have sold at $16K. 

You'll sell it when it looks like it's dumping, just like you did last time.

Mr A. You are confusing short term volatility with a long term trend. I have explained this to you before.

I took some nice gains, 500% ROI over 6 months, which I felt was prudent to do. Then rebought again on the rebound. Maybe I was just lucky at the time - who knows. Either way, we should now look forwards. You did not buy at all (so you claim). You still have ample time to get in ahead of a massive societal trend. Stop being such a stubborn luddite, and act now! It is truly ironic that a prepper like you, who actually has the mental capacity to see what is going on around you globally, still refuses to buy BTC. You understand the purpose of gold. Now you just need to make the mental leap into the 20th century.

There will be blips along the way, as the emergence of a new global currency is bound to have swings between over-enthusiasm and doubt. But make not doubts about it. The long term trend is still up from here for many years to come and the prices we see now are microscopic compared to what they will be. Owning a single Bitcoin is still in reach for many. But even it not, everyone should buy whatever they can now. And NO ONE should be so foolish as to own none given what is coming.

[gib]

I could go back and re-post all the utter bullshit you posted during this thread, but it's a waste of my time.

When blips crash again, you'll disappear from this thread like you did the first time.

Everything I have said was correct. Many have thanked me for it. But yes, please do go back and read it. All of it. And truly try to understand what I explained to you.

[Mr Anabolic]

Everything I have said was correct. Many have thanked me for it. But yes, please do go back and read it. All of it. And truly try to understand what I explained to you.

lol - you have a lot to learn.

[SOMEPARTS]

Mr A. You are confusing short term volatility with a long term trend. I have explained this to you before.

I took some nice gains, 500% ROI over 6 months, which I felt was prudent to do. Then rebought again on the rebound. Maybe I was just lucky at the time - who knows. Either way, we should now look forwards. You did not buy at all (so you claim). You still have ample time to get in ahead of a massive societal trend. Stop being such a stubborn luddite, and act now! It is truly ironic that a prepper like you, who actually has the mental capacity to see what is going on around you globally, still refuses to buy BTC. You understand the purpose of gold. Now you just need to make the mental leap into the 20th century.

There will be blips along the way, as the emergence of a new global currency is bound to have swings between over-enthusiasm and doubt. But make not doubts about it. The long term trend is still up from here for many years to come and the prices we see now are microscopic compared to what they will be. Owning a single Bitcoin is still in reach for many. But even it not, everyone should buy whatever they can now. And NO ONE should be so foolish as to own none given what is coming.

What do the people that actually run the current money system stand to gain from this? They own the govts, the internet and the media. Look at what they did with the USA election, they have immeasurable power when it comes to steering both policy and public opinion. When I know why they would want in on this power eating dinosaur of a crypto I will be more interested.

[Mr Anabolic]

Mr A. You are confusing short term volatility with a long term trend. I have explained this to you before.

I took some nice gains, 500% ROI over 6 months, which I felt was prudent to do. Then rebought again on the rebound. Maybe I was just lucky at the time - who knows. Either way, we should now look forwards. You did not buy at all (so you claim). You still have ample time to get in ahead of a massive societal trend. Stop being such a stubborn luddite, and act now! It is truly ironic that a prepper like you, who actually has the mental capacity to see what is going on around you globally, still refuses to buy BTC. You understand the purpose of gold. Now you just need to make the mental leap into the 20th century.

There will be blips along the way, as the emergence of a new global currency is bound to have swings between over-enthusiasm and doubt. But make not doubts about it. The long term trend is still up from here for many years to come and the prices we see now are microscopic compared to what they will be. Owning a single Bitcoin is still in reach for many. But even it not, everyone should buy whatever they can now. And NO ONE should be so foolish as to own none given what is coming.

"Social trend" is right.  FOMO is human nature.  Blips is in the greed phase, possibly the euphoric phase.  Ppl start to become irrational with the upwards price action.   

The majority of ppl in the US do not have even $500 saved for an emergency let alone $20,000 for a blipcoin. 

To anyone else here who is simply trading blips... keep an eye on that monthly chart.  When you see a big wick down like at the end of 2017, it's time to sell.

[gib]

If your position is that Ethereum is doomed and Bitcoin is the only one that's shooting to the moon I think you are delusional (no offense). Ethereum has a lot more development going on and proof of stake is not exactly going to hurt the price of Ethereum.

The price of Ethereum or Bitcoin will be whatever people value it to be. Proof of stake will reduce the supply of Ethereum because people will have an incentive not to sell their ETH.

Ethereum's value has increased by a larger percentage than Bitcoin's in 2020. Yes since 2017 it's still behind Bitcoin but the movement in 2020 is encouraging.

I think both will increase in value. We'll have to see by how much.

https://www.coindesk.com/ethereum-outpaces-bitcoin-developer-activity-2020-electric-capital-report

Obsidian - you are well worth having a discussion with. I can tell you are a smart guy, who is open and willing to learn and have an intellectual discussion. Did you view the last video I attached?

Second can you PLEASE watch this, and then get back to me on your thoughts on ETH.

[Mayday]

What do the people that actually run the current money system stand to gain from this? They own the govts, the internet and the media. Look at what they did with the USA election, they have immeasurable power when it comes to steering both policy and public opinion. When I know why they would want in on this power eating dinosaur of a crypto I will be more interested.

Cryptos mean different things to different people.

The less you need to believe, the less stretch of the imagination that is required, the greater the chance you have of being right.

What boggles my mind is people will happily believe that the pandemic is a planned conspiracy, we are moving to a one world govt, one world currency, hordes of people coming to their house which they will need 10s of thousands of rounds of ammo to mow them all down.....

....yet one crypto which over the last 3yrs has become regulated and worked to become a legitimate financial asset as a hedge.... oh no, that’s all too crazy to believe.....

It’s just a prospect for a hedge. Nothing more. Maybe it gets legs, maybe not.

[SOMEPARTS]

It’s just a prospect for a hedge. Nothing more. Maybe it gets legs, maybe not.

At 20k per that is a very risky asset to go all in on. How does it survive the Green New Deal? 


"bitcoin sustainability"

https://digiconomist.net/bitcoin-energy-consumption/

[Mayday]

L

At 20k per that is a very risky asset to go all in on.
/

It’s significantly safer to wait for a 70k price and then buy in. That might be 3yrs away.

[gib]

The majority of ppl in the US do not have even $500 saved for an emergency let alone $20,000 for a blipcoin. 

Your idiocy and stubborn illogicality never ceases to amaze me. What you write above, is like saying a person should not own a gold coin because you they cannot afford to buy a kilo.

Many could have easily afforded a BTC when it was less than 5K at the start of this thread. Indeed, imagine how much you could have bought back when the price was $300, back when you first called BTC a bubble.

There are still many millions who can afford one at 20K. But as I have said many times before, one should buy what you can. Bitcoin is divisible, so even an lower income person can (and should secure some). If you can afford to eat a burger, drink Bud, smoke weed, or drive a car, then you can (and should) definitely put some money now towards Bitcoin (as opposed to a currency that is ever decreasing in value over time). The current price is quite possibly just a blip compared to what it will be in the years to come.

[gib]

Oh, and $21,000 ...

[gib]

Oh, and $21,000 ...

Lucky I am no longer providing my price updates in multiples of $100 huh? That could get quite annoying and repetitive couldn't it...

(Who need $100s, when you can have $1000's lol!). Dead cat turbocharged double bounce of peace... 

[polychronopolous]

Guggenheim CIO Says Bitcoin ‘Should Be Worth’ $400,000

Guggenheim Partners Chief Investment Officer Scott Minerd shocked Bloomberg TV hosts Wednesday afternoon when he said his firm’s fundamental analysis shows bitcoin should be worth $400,000.

    “Our fundamental work shows that bitcoin should be worth around $400,000,” said Minerd. “Whoa!” responded one of the hosts.

    That sky-high price target is based on two things, according to Minerd: the asset’s scarcity and its relative value to gold as a percentage of gross domestic product.

    “Bitcoin has a lot of the attributes of gold and at the same time has an unusual value in terms of transactions,” Minerd told Bloomberg TV.

    Guggenheim made the decision to start allocating to bitcoin when the leading cryptocurrency was trading around $10,000, Minerd said.

    Minerd said allocating to bitcoin, given its current price above $20,000, is “a little more challenging.”

    Guggenheim Partners manages more than $230 billion worth of assets.

 https://finance.yahoo.com/news/guggenheim-cio-says-bitcoin-worth-201932940.html?

[Mayday]

Oh, and $21,000 ...

22,000......