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

[pellius]

I'm not poor and I certainly wouldn't be richer with Bitcoin.  The Bitcoin millionaires are the most delusional people since the MLM craze.

That seems like an odd thing to say since the facts point otherwise. Though BTC is very volatile and goes up and down the overall trend is up. I mean, this thread was started rejoicing on BTC reaching a new high of $5,000. It's over ten times that in just a few years. Surely some people have made money. My cousin's neighbor retired on his BTC investments. His cars and house look real to me.

[pellius]

We shall see.

We already have. Reread the title of this thread.

What would you recommend as a better investment?

[Bindare_Dundat]

We already have. Reread the title of this thread.

What would you recommend as a better investment?

Fear, doubt  and sarcasm it seems are better investments for some people.
I dont even get the point of coming on here and being negative. It really makes a person look ridiculous when reality is a completely different story.

[obsidian]

When looking for a return generally people push the formulas to equal a desired result because they don't have enough invested initially.

You have enough invested dude so you don't need to push things to get an outcome that is drool worthy.

10k is highly likely. Honestly, don't even be phased to much about it not getting to this point.
15k is likely.
20k is IMO ballpark ceiling before you start making larger optimistic assumptions.

I have 3 different models of which i am using the lowest number.

I agree dude. But I am comparing the 2017 Bitcoin bull run with the 2021 Ethereum bull run and thus far Ethereum is doing better in dollar terms. There's a lot of developments in store for ETH also this year. You mentioned it takes a smallish amount of capital to move an asset like Ethereum or Bitcoin by significant percentages. Perhaps 30k could be possible in 2021. Maybe it is BS but ETH right now is sitting at double the value of BTC in 2017 in the same time frame. And in that 2017 bullrun BTC eventually peaked at close to 20K in December.

Ctypto is going more mainstream now. You have massive stimulus programs that require the printing of trillions of dollars. People are becoming aware of the need to find a hedge against inflation and fiat currencies that lose value over time. If we did not have these scenarios I would be less bullish on this crypto run.

[Humble Narcissist]

We already have. Reread the title of this thread.

What would you recommend as a better investment?

Real estate, foreign currency, gold, silver, commodities and stocks.  Literally everything.  Don't get sucked into this Ponzi scheme Pellius.  You are old enough to remember multi level marketing schemes, right?

[obsidian]

Interesting video!

[IroNat]

I'm curious as to how many have sold their bitcoin to reap the profit?

[Mayday]

I agree dude. But I am comparing the 2017 Bitcoin bull run with the 2021 Ethereum bull run and thus far Ethereum is doing better in dollar terms. There's a lot of developments in store for ETH also this year. You mentioned it takes a smallish amount of capital to move an asset like Ethereum or Bitcoin by significant percentages. Perhaps 30k could be possible in 2021. Maybe it is BS but ETH right now is sitting at double the value of BTC in 2017 in the same time frame. And in that 2017 bullrun BTC eventually peaked at close to 20K in December.

Ctypto is going more mainstream now. You have massive stimulus programs that require the printing of trillions of dollars. People are becoming aware of the need to find a hedge against inflation and fiat currencies that lose value over time. If we did not have these scenarios I would be less bullish on this crypto run.

I’d err on the side that something will go wrong.

Extrapolation is a lure that kills you.

We are at double the rate of growth vs 2017 which means it’s possible we won’t have the same linear movement up like in 2017. May-Jun is critical in understanding how the year plays out because we may double peak.

The most ‘sure thing’ is timeframe. While we should peak in Early October according to when the halving took place, history says we will peak in December.


I track the money supply so I’m across the arguments about why it should go higher. just remember expansion might be 20%-30% this year which doesn’t add much dollar wise to the price. The adoption of BTC is what will drive the 95% of price movement this year. I have 3 very realistic models: 320k-518k-900k

320k If we double peak (May-Jun 130k peak - lull - final peak).
518k assuming linear trend using longer consolidation periods vs 2017 which slows growth vs an extrapolation model.
900k extrapolation which will be wrong in the end because these are almost never correct.


Don’t forget ETH will peak after BTC meaning the BTC will be much lower which influences how hard ETH can run by itself.

[Theoak*]

When people actually start buying houses with Bitcoin I will believe it.

Britain's most expensive apartment is on sale for $240m - bitcoin  accepted as payment!

https://www.google.com/amp/s/www.telegraph.co.uk/business/2021/04/14/britains-expensive-apartment-175m-bitcoin-accepted/amp/

[Theoak*]

COINBASE LISTING TODAY!!! WHAT AN EPIC MOMENT FOR BITCOIN!

Coinbase just released 10s billions of dirty fiat into longtime hodling btc enthusiasts and maximilists.  Wont be long now, probably  keeping it low key to snap up cheap coins.

[obsidian]

ETH new ATH of $2,498, basically $2,500.

[Bevo]

ETH new ATH of $2,498, basically $2,500.

I bought a handful of ETH, a good idea to buy more?

[obsidian]

I’d err on the side that something will go wrong.

Extrapolation is a lure that kills you.

We are at double the rate of growth vs 2017 which means it’s possible we won’t have the same linear movement up like in 2017. May-Jun is critical in understanding how the year plays out because we may double peak.

The most ‘sure thing’ is timeframe. While we should peak in Early October according to when the halving took place, history says we will peak in December.


I track the money supply so I’m across the arguments about why it should go higher. just remember expansion might be 20%-30% this year which doesn’t add much dollar wise to the price. The adoption of BTC is what will drive the 95% of price movement this year. I have 3 very realistic models: 320k-518k-900k

320k If we double peak (May-Jun 130k peak - lull - final peak).
518k assuming linear trend using longer consolidation periods vs 2017 which slows growth vs an extrapolation model.
900k extrapolation which will be wrong in the end because these are almost never correct.


Don’t forget ETH will peak after BTC meaning the BTC will be much lower which influences how hard ETH can run by itself.

I agree caution is best. I hodl mostly since I don't want complicated taxes. So up or down does not matter. All I care is that the trend is up. That being said I will play a little with some of my cryptos to try and increase my holdings. And I am still buying ETH every week via mining. Earlier in the year I was getting ETH for $300. Now it is approaching $400-450 because more people are mining and the hash rate has increased. So my ETH payouts are less. But it is still a great deal considering the price of ETH. Where can you buy 1 ETH for $400 or 450?! So I plan to keep mining ETH till it makes more sense to sell the hardware. Computer parts are also hard to get right now so prices are elevated for GPU's PSUs, motherboards hell even mining frames.

There is also the possibility to start mining Raven coin or Ethereum Classic or others once Ethereum mining is over. I am now starting to think there will be a future for even Ethereum Classic. It the hash rate is high enough it will be secure enough so a 51% attack is not so easy to accomplish. And there may be too many applications in the future on decentralized platforms for 5-10 blockchains to handle. We might need hundreds or thousands of blockchains that all interact. We'll see what happens though.

[obsidian]

I bought a handful of ETH, a good idea to buy more?

Maybe wait for a dip when there is a sea of red.

I am impressed with your Dogecoin gains. You killed it bro! Make sure you get a bit of Bitcoin with that, some ETH, ADA, BNB, XRP, DOT, VET, LUNA, THETA and perhaps LTC. But I would hold on to some of your Dogecoin. It could very well go to $1 eventually. They are going to start upgrading Dogecoin.

I also like the way it sounds. Give me 50 bucks becomes give me 50 doge. Doge kind of reminds me of the word Dollar, they both start with a D and O. Doge is faster to pronounce. So Elon might be onto something when he says it would be ironic if Doge becomes the world's currency. It could be used for day to day shit and things like Bitcoin and perhaps ETH and a few others just stored indefinitely. ETH has stablecoins that can be used for day to day transactions.

https://finance.yahoo.com/news/dogecoin-gets-wings-developer-upgrades-041545072.html

[gib]

Real estate, foreign currency, gold, silver, commodities and stocks.  Literally everything.  Don't get sucked into this Ponzi scheme Pellius.  You are old enough to remember multi level marketing schemes, right?

Welcome back to the chat Mr Anabolic. The original Mr Anabolic may have retired in shame, but the new one is still active here it seems.

Yes, its correct that real estate, foreign currency, gold, silver, commodities and stocks are all defenses against dollar devaluation. As is Bitcoin, sneakers, art, postage stamps, etc.

However, of all these various options, Bitcoin has some very specific and unique advantages and features compared to all of these other assets.

And so we, as investors and capital allocators, need to figure out which of these assets are the best (and in which combination and portfolio mix to hold). Now, with regard to that particular calculation of allocation to asset classes, one would need to be both very foolish, ignorant, pig-headed, stubborn, arrogant, closed-minded and obstinate not to allocate any proportion of one's wealth to Bitcoin. In my view a sensible allocation would be in the range of 1-10% of net worth, depending on circumstances and risk profile.



 

[pellius]

Real estate, foreign currency, gold, silver, commodities and stocks.  Literally everything.  Don't get sucked into this Ponzi scheme Pellius.  You are old enough to remember multi level marketing schemes, right?

Yes, real estate beats everything but not everybody has the funds to enter that market and I was speaking about stocks. Gold? Really? I'm not saying that BTC is the best investment
but it seems to be beating the vast majority of stocks that are out there.

What have you invested in that has made a lot of money?

[Mayday]

Maybe wait for a dip when there is a sea of red.

I am impressed with your Dogecoin gains. You killed it bro! Make sure you get a bit of Bitcoin with that, some ETH, ADA, BNB, XRP, DOT, VET, LUNA, THETA and perhaps LTC. But I would hold on to some of your Dogecoin. It could very well go to $1 eventually. They are going to start upgrading Dogecoin.

I also like the way it sounds. Give me 50 bucks becomes give me 50 doge. Doge kind of reminds me of the word Dollar, they both start with a D and O. Doge is faster to pronounce. So Elon might be onto something when he says it would be ironic if Doge becomes the world's currency. It could be used for day to day shit and things like Bitcoin and perhaps ETH and a few others just stored indefinitely. ETH has stablecoins that can be used for day to day transactions.

https://finance.yahoo.com/news/dogecoin-gets-wings-developer-upgrades-041545072.html

The opportunity for crazy good money will be in 2022 after all this stuff crashes.

We just need to pickup the pieces.

[loco]

Anyone here buying COIN stock?

https://www.google.com/finance/quote/COIN:NASDAQ?sa=X&ved=2ahUKEwiyqPXcsIDwAhXYRTABHRwsB8cQ_AUoAXoECAEQAw

[Humble Narcissist]

Yes, real estate beats everything but not everybody has the funds to enter that market and I was speaking about stocks. Gold? Really? I'm not saying that BTC is the best investment
but it seems to be beating the vast majority of stocks that are out there.

What have you invested in that has made a lot of money?

I don't personally think gold is a great investment but I listed it as better than Bitcoin.  I could have also listed food, toilet paper, guns and ammo as better investments.  Almost everything is a better investment.

[Humble Narcissist]

Welcome back to the chat Mr Anabolic. The original Mr Anabolic may have retired in shame, but the new one is still active here it seems.

Yes, its correct that real estate, foreign currency, gold, silver, commodities and stocks are all defenses against dollar devaluation. As is Bitcoin, sneakers, art, postage stamps, etc.

However, of all these various options, Bitcoin has some very specific and unique advantages and features compared to all of these other assets.

And so we, as investors and capital allocators, need to figure out which of these assets are the best (and in which combination and portfolio mix to hold). Now, with regard to that particular calculation of allocation to asset classes, one would need to be both very foolish, ignorant, pig-headed, stubborn, arrogant, closed-minded and obstinate not to allocate any proportion of one's wealth to Bitcoin. In my view a sensible allocation would be in the range of 1-10% of net worth, depending on circumstances and risk profile.

I have been on Getbig for years under one identity.  No gimmicks.

[Bindare_Dundat]

Alts baby, alts.

[obsidian]

Anyone here buying COIN stock?

https://www.google.com/finance/quote/COIN:NASDAQ?sa=X&ved=2ahUKEwiyqPXcsIDwAhXYRTABHRwsB8cQ_AUoAXoECAEQAw

I thought about it and now I am glad I didn't. I will be getting Nvidia stock though. Maybe some Coin once everything settles. But COIN is tied to crypto so you might as well just buy the crypto. I guess COIN is for those people who don't actually buy cryptos.

[obsidian]

Doge hit 19 cents and ETH $2,557.

Doge to $1? Bevo will have a bigger portfolio than GIB in dollar terms if that happens lol! But I guess if that happens Bitcoin's price will be much higher.

[obsidian]

Doge @ 22 cents!

[Bevo]

Doge hit 19 cents and ETH $2,557.

Doge to $1? Bevo will have a bigger portfolio than GIB in dollar terms if that happens lol! But I guess if that happens Bitcoin's price will be much higher.

I haven’t sold any yet, just hit 27 cents