Author Topic: Bitcoins - about to hit $5,000 per coin today! (Read 1094430 times)

El Diablo Blanco · « **Reply #4125 on:** January 11, 2021, 05:56:23 AM »

I love these guys who own lots of bitcoin predict prices like $200k or $500K. I would love to hear someone who doesn't own bitcoin to make a real prediction.

At this point it's a retard buy. You can put money into stocks and make more money than bitcoin. Those that bought a couple years ago are laughing but buying today is idiotic.

Bindare_Dundat · « **Reply #4126 on:** January 11, 2021, 06:03:18 AM »

Quote from: SOMEPARTS on January 11, 2021, 05:43:42 AM

The get rich quick crowd have no guts for losses. Will go down faster than up.

THIS

FitnessFrenzy · « **Reply #4127 on:** January 11, 2021, 06:37:40 AM »

Bindare_Dundat · « **Reply #4128 on:** January 11, 2021, 06:55:13 AM »

Quote from: Bindare_Dundat on January 08, 2021, 06:00:01 AM

There has to be a big pullback coming very soon.

Shaking out a few more weak stomachs. Still believe it'll be a great buying opportunity for long term.

Army of One · « **Reply #4129 on:** January 11, 2021, 07:23:17 AM »

Quote from: El Diablo Blanco on January 11, 2021, 05:56:23 AM

Those that bought a couple years ago are laughing but buying today is idiotic.

And you dont think those that buy today wont be laughing in 2 years? How much sooner than 2 years do you want great gains? Have people really got that impatient? The above quote is exactly why 95% of investors fail, they overreact in the short term and underestimate the long term.

Bindare_Dundat · « **Reply #4130 on:** January 11, 2021, 08:04:30 AM »

I'm back in.

Flame away.

DooM_ · « **Reply #4131 on:** January 11, 2021, 08:12:45 AM »

Bitcoin holders barred from depositing profits in UK banks

The UK Times had a piece up over the weekend (Saturday) on some UK banks not accepting transfers from BTC exchanges.

Some banks will not accept transfers from bitcoin exchanges. HSBC, one of the biggest banks in the country, does not process cryptocurrency payments or allow customers to bank money from digital wallets. While other leading banks will accept transfers from digital wallets to current accounts, many will not allow customers to use their credit cards to buy or sell bitcoin.

https://www.forexlive.com/Cryptocurrency/!/old-news-icymi-bitcoin-holders-barred-from-depositing-profits-in-uk-banks-20210110

SOMEPARTS · « **Reply #4132 on:** January 11, 2021, 08:23:00 AM »

Quote from: Army of One on January 11, 2021, 07:23:17 AM

And you dont think those that buy today wont be laughing in 2 years? How much sooner than 2 years do you want great gains? Have people really got that impatient? The above quote is exactly why 95% of investors fail, they overreact in the short term and underestimate the long term.

The tech will be 2 more years outdated. An eternity of risk.

El Diablo Blanco · « **Reply #4133 on:** January 11, 2021, 08:23:07 AM »

Quote from: Army of One on January 11, 2021, 07:23:17 AM

And you dont think those that buy today wont be laughing in 2 years? How much sooner than 2 years do you want great gains? Have people really got that impatient? The above quote is exactly why 95% of investors fail, they overreact in the short term and underestimate the long term.

Nope. Buying at $40K is not going to yield that much more profit. The odds of doubling your money now is not going to happen.

DooM_ · « **Reply #4134 on:** January 11, 2021, 08:32:09 AM »

Bank of America Predicts 'Mother of All Bubbles' for Bitcoin

Bitcoin’s recent rally has worried a number of prominent financial analysts who warned of a huge bubble. Among them is Michael Hartnett, chief investment strategist at Bank of America Securities.

He explained on Friday that the recent surge in bitcoin’s price may be another case of a speculative mania, emphasizing that bitcoin looks like “the mother of all bubbles.” The strategist believes that “violent” inflationary price action in markets helped bitcoin’s rally in the last two months. Hartnett noted that bitcoin has outperformed other assets in the past few decades with its price surging about 1,000% since the beginning of 2019.

Bitcoin “blows the doors off prior bubbles,” he said, holding its performance up to other past bubbles. They include a surge in gold prices of more than 400% in the late 1970s, Japanese stocks in the late 1980s, and Thailand’s stock market in the mid-1990s. He also compared bitcoin’s rally to dot-coms in the late 1990s and housing prices in the mid-2000s. The strategist pointed out that those sectors saw triple-digit percentage gains before crashing down.

The Bank of America strategist did not say that the price of bitcoin will plunge like other bubbles in the past. However, he noted that the surge in prices of cryptocurrencies is another example of “increasingly speculative” investing behavior.

https://news.bitcoin.com/bank-of-america-predicts-mother-of-all-bubbles-bitcoin/

Bindare_Dundat · « **Reply #4135 on:** January 11, 2021, 08:32:11 AM »

Quote from: DooM_ on January 11, 2021, 08:12:45 AM

Bitcoin holders barred from depositing profits in UK banks

The UK Times had a piece up over the weekend (Saturday) on some UK banks not accepting transfers from BTC exchanges.

Some banks will not accept transfers from bitcoin exchanges. HSBC, one of the biggest banks in the country, does not process cryptocurrency payments or allow customers to bank money from digital wallets. While other leading banks will accept transfers from digital wallets to current accounts, many will not allow customers to use their credit cards to buy or sell bitcoin.

https://www.forexlive.com/Cryptocurrency/!/old-news-icymi-bitcoin-holders-barred-from-depositing-profits-in-uk-banks-20210110

HSBC is one of the most crooked institutions around. Laundering galore.

FitnessFrenzy · « **Reply #4136 on:** January 11, 2021, 08:47:24 AM »

Massive crash!

$30,466.25

TheGrinch · « **Reply #4137 on:** January 11, 2021, 08:53:42 AM »

Quote from: FitnessFrenzy on January 11, 2021, 08:47:24 AM

Massive crash!

$30,466.25

Not at all don't you know gib sold everything and 40k and as soon as the bottom is in gib will come back on and say a purchase was made 10k below current levels...

pump and dump , rinse and repeat

a_pupil · « **Reply #4138 on:** January 11, 2021, 08:59:27 AM »

Quote from: TheGrinch on January 11, 2021, 08:53:42 AM

Not at all don't you know gib sold everything and 40k and as soon as the bottom is in gib will come back on and say a purchase was made 10k below current levels...

pump and dump , rinse and repeat

Gib sold all his crypto and the market crashed.

He's like a james bond villain

FitnessFrenzy · « **Reply #4139 on:** January 11, 2021, 09:00:34 AM »

TheGrinch · « **Reply #4140 on:** January 11, 2021, 09:48:34 AM »

Quote from: a_pupil on January 11, 2021, 08:59:27 AM

Gib sold all his crypto and the market crashed.

He's like a james bond villain

He apparently had the market cornered

SOMEPARTS · « **Reply #4141 on:** January 11, 2021, 12:26:31 PM »

Mayday · « **Reply #4142 on:** January 12, 2021, 12:37:47 AM »

You bears are gunna get wrecked for the next few months if you think this is over.

*Edit - epic bull run approaching fast.

polychronopolous · « **Reply #4143 on:** January 12, 2021, 06:21:24 AM »

Kentucky Bill Seeks to Lure Crypto Miners With Tax Breaks

Two Kentucky lawmakers have called upon the commonwealth to offer tax breaks to cryptocurrency miners seeking to tap into the energy rich region.

General Assembly Representatives Steven Rudy and Chris Freeland’s bill introduced last week would exempt “commercial cryptocurrency miners” from paying 6% sales taxes or 6% excise taxes on their rigs’ electric bills and mining equipment.

Kentucky “has an opportunity to become a national leader” in crypto mining because of its low energy rates and abundant supply, said the bill. Tax breaks would help the Commonwealth further compete.

The Republican lawmakers submitted their 13-page bill to the General Assembly on Jan. 8, where it now sits in committee. Neither representative responded to a request for comment.

https://finance.yahoo.com/news/kentucky-bill-seeks-lure-crypto-225429315.html

polychronopolous · « **Reply #4144 on:** January 12, 2021, 06:25:31 AM »

Quote from: Bindare_Dundat on January 11, 2021, 08:04:30 AM

I'm in.

Flame away.

If you focus on the revolutionary fundamentals of Bitcoin and the increasing adoption that we are seeing weekly, then the people on the sidelines who point and sputter about price drops really become irrelevant.

Yes, it is still a fantastic time to buy.

DooM_ · « **Reply #4145 on:** January 12, 2021, 06:29:34 AM »

Bitcoin is back above $36,000 but big investors are wary - Mark Cuban says crypto is 'exactly' like the dot-com bubble of the 1990s

The Bitcoin price recovered back to around $36,000 on Tuesday, as the cryptocurrency market recovered from Monday's plunge, but volatility remains high and superstar investor Mark Cuban warned the recent rise is a "bubble" that could be ruinous.

Bitcoin fell as much as 20% on Sunday and Monday to just above $30,000 in a wave of profit-taking after the currency's spectacular rally. Investor nerves and a higher dollar also hit crypto-confidence.

The remarkable rise in cryptocurrencies has attracted attention from all corners of the markets. Yesterday, Cuban warned on Twitter that the "cryptos trade" is "EXACTLY like the internet stock bubble" seen in the late 1990s, which burst with disastrous consequences for many companies and investors.

Cuban warned against trusting crypto evangelists who "try to justify whatever the pricing of the day is".

"All the narratives about debasement, fiat, etc are just sales pitches. The biggest sales pitch is scarcity vs demand. That's it," he said in a tweet.

UBS analysts said in a note: "Given their high volatility and the size of their past drawdowns, cryptocurrencies might be attractive to speculative investors, but they are neither a suitable alternative to safe-haven assets, nor do they necessarily contribute to portfolio diversification."

The UK's Financial Conduct Authority yesterday said: "If consumers invest in these types of product, they should be prepared to lose all their money."
"Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses," it added.

https://markets.businessinsider.com/currencies/news/bitcoin-price-crash-bubble-warning-dotcom-trade-crypto-mark-cuban-2021-1-1029958552

Bindare_Dundat · « **Reply #4146 on:** January 12, 2021, 08:30:38 AM »

Quote from: DooM_ on January 12, 2021, 06:29:34 AM

Bitcoin is back above $36,000 but big investors are wary - Mark Cuban says crypto is 'exactly' like the dot-com bubble of the 1990s

The Bitcoin price recovered back to around $36,000 on Tuesday, as the cryptocurrency market recovered from Monday's plunge, but volatility remains high and superstar investor Mark Cuban warned the recent rise is a "bubble" that could be ruinous.

Bitcoin fell as much as 20% on Sunday and Monday to just above $30,000 in a wave of profit-taking after the currency's spectacular rally. Investor nerves and a higher dollar also hit crypto-confidence.

The remarkable rise in cryptocurrencies has attracted attention from all corners of the markets. Yesterday, Cuban warned on Twitter that the "cryptos trade" is "EXACTLY like the internet stock bubble" seen in the late 1990s, which burst with disastrous consequences for many companies and investors.

Cuban warned against trusting crypto evangelists who "try to justify whatever the pricing of the day is".

"All the narratives about debasement, fiat, etc are just sales pitches. The biggest sales pitch is scarcity vs demand. That's it," he said in a tweet.

UBS analysts said in a note: "Given their high volatility and the size of their past drawdowns, cryptocurrencies might be attractive to speculative investors, but they are neither a suitable alternative to safe-haven assets, nor do they necessarily contribute to portfolio diversification."

The UK's Financial Conduct Authority yesterday said: "If consumers invest in these types of product, they should be prepared to lose all their money."
"Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses," it added.

https://markets.businessinsider.com/currencies/news/bitcoin-price-crash-bubble-warning-dotcom-trade-crypto-mark-cuban-2021-1-1029958552

Fuck him

SOMEPARTS · « **Reply #4147 on:** January 12, 2021, 08:45:45 AM »

Quote from: Bindare_Dundat on January 12, 2021, 08:30:38 AM

Fuck him and his common sense.

FIXED

El Diablo Blanco · « **Reply #4148 on:** January 12, 2021, 09:36:24 AM »

Quote from: Bindare_Dundat on January 12, 2021, 08:30:38 AM

Fuck him

Cuban took full advantage of the .com bubble. Sold his dumb streaming radio station for billions then a few months later it was gone. I think Real Media bought it then realized they had shit and their bubble popped. Cuban walked away with $4billion? Fuck him indeed.

Humble Narcissist · « **Reply #4149 on:** January 12, 2021, 10:25:06 AM »

Why would anyone use Bitcoin as currency when it is always fluctuating so wildly anyway? If you buy some shoes online for $100 worth of Bitcoin those shoes may end up costing you thousands or even millions.

If people are just buying Bitcoin for the investment, what are they investing in? Currency that no smart person would ever use and no government backs or protects?