Author Topic: Bitcoins - about to hit $5,000 per coin today! (Read 788823 times)

Mr Anabolic · « **Reply #2500 on:** November 24, 2018, 02:14:23 PM »

Quote from: denarii on November 20, 2018, 08:36:49 AM

total pile of shit

Typical Ponzi scheme. There's always some intricate story built in and around them when they start. The "investors" (lol) who bought at the beginning sell at the top. Then, right after the last greater fool has bought, it falls apart. Same thing happens every single time.

The lower it goes, the more people dump it. All bubbles, manias, Ponzi's end the same way. Intrinsic value of blips was always ZERO.

Humble Narcissist · « **Reply #2501 on:** November 24, 2018, 02:19:53 PM »

Quote from: Mr Anabolic on November 24, 2018, 02:14:23 PM

Typical Ponzi scheme. There's always some intricate story built in and around them when they start. The "investors" (lol) who bought at the beginning sell at the top. Then, right after the last greater fool has bought, it falls apart. Same thing happens every single time.

That's why you get on early. It's the same with the stock market, almost everyone starts investing when it's high and when it crashes they sell which is the exact opposite of what they should do.

FitnessFrenzy · « **Reply #2502 on:** November 24, 2018, 02:25:22 PM »

$3,888.15

FitnessFrenzy · « **Reply #2503 on:** November 24, 2018, 02:26:38 PM »

Quote from: gib on September 02, 2017, 07:17:35 AM

Could easily get to 10k per coin by year end.

Mr Anabolic · « **Reply #2504 on:** November 24, 2018, 02:31:31 PM »

Quote from: Humble Narcissist on November 24, 2018, 02:19:53 PM

That's why you get on early. It's the same with the stock market, almost everyone starts investing when it's high and when it crashes they sell which is the exact opposite of what they should do.

I don't disagree with that. The S&P will be a very good buy when it gets back down to the 1500 area. Lots of people will be wiped out during that process. 401k's and retirement plans are loaded to the gills with these FANG stocks, which are ridiculously overvalued. Those companies will lead the market down. There will be plenty of dead-cat bounces on the way down.

The only asset not in a bubble is... gold and silver. I expect PM prices could fall even further with the market (i.e. 2008), but there will be a run to safety when the markets really start get hammered. PMs are where investors always run to in protracted bear markets. JP Morgan has accumulated the largest physical silver position in history... you think they know something?

sculpture · « **Reply #2505 on:** November 25, 2018, 12:14:28 AM »

Quote from: Mr Anabolic on November 24, 2018, 02:31:31 PM

I don't disagree with that. The S&P will be a very good buy when it gets back down to the 1500 area. Lots of people will be wiped out during that process. 401k's and retirement plans are loaded to the gills with these FANG stocks, which are ridiculously overvalued. Those companies will lead the market down. There will be plenty of dead-cat bounces on the way down.

The only asset not in a bubble is... gold and silver. I expect PM prices could fall even further with the market (i.e. 2008), but there will be a run to safety when the markets really start get hammered. PMs are where investors always run to in protracted bear markets. JP Morgan has accumulated the largest physical silver position in history... you think they know something?

Silver for definite, not sure about gold being undervalued although it's priced is being depressed by paper.

How can the average investor benefit from silver? In the UK 20% tax is charged on physical metal so you're already down when you buy. I had thought about investing in a miner but there's considerable risk of course.

Advice would be welcomed

Humble Narcissist · « **Reply #2506 on:** November 25, 2018, 04:02:40 AM »

Silver and gold are perfect examples. A couple decades ago you should have stacked up on them and then sold it several years ago. Instead most people got on board when silver was like $30 and ounce and gold was sky high and then it tanked and they've been waiting years for it to go back up.

Most silver and gold bugs are thinking if there's a financial collapse (like hyperinflation) they will be able to trade there commodities for goods and services. If money is worth nothing gold and silver don't do you any good. Study the hyperinflation in the Weimar Republic in Germany from 1921-1923 and see how things really are in a hyperinflated economy.

gib · « **Reply #2507 on:** November 25, 2018, 04:05:10 AM »

Quote from: FitnessFrenzy on November 24, 2018, 02:26:38 PM

Yeah. It actually got to 19.5k. I sold shortly thereafter (and posted here at the time confirming that).

gib · « **Reply #2508 on:** November 25, 2018, 04:09:20 AM »

Quote from: Mr Anabolic on November 24, 2018, 02:31:31 PM

I don't disagree with that. The S&P will be a very good buy when it gets back down to the 1500 area. Lots of people will be wiped out during that process. 401k's and retirement plans are loaded to the gills with these FANG stocks, which are ridiculously overvalued. Those companies will lead the market down. There will be plenty of dead-cat bounces on the way down.

The only asset not in a bubble is... gold and silver. I expect PM prices could fall even further with the market (i.e. 2008), but there will be a run to safety when the markets really start get hammered. PMs are where investors always run to in protracted bear markets. JP Morgan has accumulated the largest physical silver position in history... you think they know something?

Gold is as much an “asset” as blips. I have explained this to you before. They both rely on the greater fool theory in order to increase value. And they can’t be valued as they produce zero yield.

Having said that, yes it’s a good time to buy as there is a perfect internet structure in place from crypto bliplievers to move next to hyping gold. But don’t kid yourself. It can’t be valued and therefore is inherently a gamble.

gib · « **Reply #2509 on:** November 25, 2018, 04:12:42 AM »

Quote from: Mr Anabolic on November 24, 2018, 08:22:30 AM

You are so full of shit. Just man-up and admit you were WRONG.

Mr A. You don’t think perhaps that you were epically trolled throughout this thread? Just maybe?

Go back and have a read ...

DooM_ · « **Reply #2510 on:** November 25, 2018, 04:54:40 AM »

Quote from: gib on November 25, 2018, 04:12:42 AM

Mr A. You don’t think perhaps that you were epically trolled throughout this thread? Just maybe?

Go back and have a read ...

no one is falling for your bullshit , you were called out on it ages ago , and now you were just ' trolling '

your posts read like a textbook lesson for people to identify shysters

gib · « **Reply #2511 on:** November 25, 2018, 05:32:57 AM »

Quote from: Humble Narcissist on November 25, 2018, 04:02:40 AM

Silver and gold are perfect examples. A couple decades ago you should have stacked up on them and then sold it several years ago. Instead most people got on board when silver was like $30 and ounce and gold was sky high and then it tanked and they've been waiting years for it to go back up.

Most silver and gold bugs are thinking if there's a financial collapse (like hyperinflation) they will be able to trade there commodities for goods and services. If money is worth nothing gold and silver don't do you any good. Study the hyperinflation in the Weimar Republic in Germany from 1921-1923 and see how things really are in a hyperinflated economy.

Inclined to agree. In 2008 crisis gold didn’t rally in the aftermath (as some thougt it would). Rather, it fell (and cash was by far a better asset to hold). Then gold did rally a little but it was far far out performed by equites (not just in value but also even more so if you factor in the yields the equities paid).

gib · « **Reply #2512 on:** November 25, 2018, 05:42:36 AM »

Quote from: Mr Anabolic on November 24, 2018, 02:31:31 PM

I don't disagree with that. The S&P will be a very good buy when it gets back down to the 1500 area. Lots of people will be wiped out during that process. 401k's and retirement plans are loaded to the gills with these FANG stocks, which are ridiculously overvalued. Those companies will lead the market down. There will be plenty of dead-cat bounces on the way down.

The only asset not in a bubble is... gold and silver. I expect PM prices could fall even further with the market (i.e. 2008), but there will be a run to safety when the markets really start get hammered. PMs are where investors always run to in protracted bear markets. JP Morgan has accumulated the largest physical silver position in history... you think they know something?

Re FANG and tech, yes Netflix is way overvalued. As is Amazon. As is Tesla. Apple on the other hand is not. It trades at a reasonable multiple to earnings. As does Google. Look a little beyond that and some tech companies listed in the US are still at decent values. Adobe. Salesforce etc.

But yes, as a whole US equities are overvalued. You should be looking at stocks in Europe and in Asia in my view (easy to buy through interactive brokers). Some chinese stocks are at bargain prices right now. Otherwise hodl that cash away and buy US equities once at reasonable valuations.

SF1900 · « **Reply #2513 on:** November 25, 2018, 06:52:48 AM »

GIB, you were wrong about Bitcoin. How do you feel about this?

loco · « **Reply #2514 on:** November 25, 2018, 07:03:15 AM »

Quote from: gib on November 25, 2018, 05:42:36 AM

Re FANG and tech, yes Netflix is way overvalued. As is Amazon. As is Tesla. Apple on the other hand is not. It trades at a reasonable multiple to earnings. As does Google. Look a little beyond that and some tech companies listed in the US are still at decent values. Adobe. Salesforce etc.

But yes, as a whole US equities are overvalued. You should be looking at stocks in Europe and in Asia in my view (easy to buy through interactive brokers). Some chinese stocks are at bargain prices right now. Otherwise hodl that cash away and buy US equities once at reasonable valuations.

The same guy whose predictions regarding bitcoin were dead wrong is now making predictions about the stock market. How wonderful!

Twaddle · « **Reply #2515 on:** November 25, 2018, 07:05:54 AM »

Quote from: gib on November 25, 2018, 05:32:57 AM

Inclined to agree. In 2008 crisis gold didn’t rally in the aftermath (as some thougt it would). Rather, it fell (and cash was by far a better asset to hold). Then gold did rally a little but it was far far out performed by equites (not just in value but also even more so if you factor in the yields the equities paid).

Quote from: gib on November 25, 2018, 05:42:36 AM

Re FANG and tech, yes Netflix is way overvalued. As is Amazon. As is Tesla. Apple on the other hand is not. It trades at a reasonable multiple to earnings. As does Google. Look a little beyond that and some tech companies listed in the US are still at decent values. Adobe. Salesforce etc.

But yes, as a whole US equities are overvalued. You should be looking at stocks in Europe and in Asia in my view (easy to buy through interactive brokers). Some chinese stocks are at bargain prices right now. Otherwise hodl that cash away and buy US equities once at reasonable valuations.