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

[gib]

So which crypto thingy is the one to start purchasing now?  or have they all jumped the shark.

My view, if you want to buy anything, is to stick to BTC. The thinking being that eventually the market has to accept the inevatable conclusion that either there can (and will) be an infinite number of currencies created, all of which continuously dilute each other’s values, or that it can capitulate and gravitate towards a single currency. The same selfish view which drove people to “seek value” in newly created currencies will drive people back to collectively (and selfishly) drive up value again in a single currency. And for a range of reasons, if this does happen, it seems likely that BTC could be the “chosen one”.

[SOMEPARTS]

My view, if you want to buy anything, is to stick to BTC. The thinking being that eventually the market has to accept the inevatable conclusion that either there can (and will) be an infinite number of currencies created, all of which continuously dilute each other’s values, or that it can capitulate and gravitate towards a single currency. The same selfish view which drove people to “seek value” in newly created currencies will drive people back to collectively (and selfishly) drive up value again in a single currency. And for a range of reasons, if this does happen, it seems likely that BTC could be the “chosen one”.

It was chosen...as a beta test. No bad tech is safe from being replaced. Factor in human nature running to safety and you have no chance of independent money. One world money is coming, it's not BTC.

[Theoak*]

Back up over 5000

[SOMEPARTS]

Back up over 5000

You just had to didn't ya? Ha.

[Twaddle]

[Theoak*]

You just had to didn't ya? Ha.

Haha , retrace was inevitable after such a sharp upturn. I was thinking it would hold for few days more

[tres_taco_combo]

it was crazy when it hit $20k in jan 2018....

[Theoak*]

it was crazy when it hit $20k in jan 2018....

Yes, late December. The next bull run will be biblical and leave the 20k ATH for dead.

[tres_taco_combo]

ripple was the coin i was going to buy in 2017. got a tip about it when it was around 20-30 cents. i never got it in (it was a pain in the ass to buy) then it ran up a few months later.

i got the tip around august 2017/sept 2017.

my charge card declined the purchase etc.. then it ran up to $4.00 - i thought i missed out. my goal was to purchase $4,000

that would have been 16,000 coins/shared assuming .25 per unit. price jumped to $4.00 my coins would have been worth $64k


the sole reason i didnt buy it... it was giant pain the ass to get registered/signed up for it. some suggested buying bitcoin then doing a swap to own ripple

winklevoss twins - they were all over the news with it

[gib]

Blipity blip. Time to bump this thread ...

[Twaddle]

Blipity blip. Time to bump this thread ...

Why?  How will this end any differently than the last time? 

Fool me once, shame on you.  Fool me twice, shame on me.

[gib]

Yes, late December. The next bull run will be biblical and leave the 20k ATH for dead.

Don’t tell that to Mr Anabolic. He gets very upset about statements like that

[gib]

Why?  How will this end any differently than the last time? 

Fool me once, shame on you.  Fool me twice, shame on me.

Actually, it didn’t end...

[gib]

For the record - I announce I am now back in. Bought 2 coins at 5100 today.

[Theoak*]

Don’t tell that to Mr Anabolic. He gets very upset about statements like that

Tell Mr Anabolic Someone moved 6,855 BTC ($36M) in block 570,724. Probably ready to short the market.
Perhaps cost him under 10cents to move 36mil.
How much would it cost in fees to wire transfer 36mil? Even better, transport 36mil in gold?

[Notomorrow]

Bitcoin about to hit 5,000!!!!! Thread started in 2017....shits barely above 5,000 2019. Every generation has a get rich quick scheme. Mine was in 1999 when I jumped in all high tech stocks...Qualcomm, etc...put in $10,000 in 99...no diversification..had $45,000 a year later..just out of college. Thought if I just hold on this run a little longer I'm putting $100,000 down on a condo in my 20's!!!! Had $10,000 again REAL quick. Young and dumb. But learned valuable lesson.

[Theoak*]

Bitcoin about to hit 5,000!!!!! Thread started in 2017....shits barely above 5,000 2019. Every generation has a get rich quick scheme. Mine was in 1999 when I jumped in all high tech stocks...Qualcomm, etc...put in $10,000 in 99...no diversification..had $45,000 a year later..just out of college. Thought if I just hold on this run a little longer I'm putting $100,000 down on a condo in my 20's!!!! Had $10,000 again REAL quick. Young and dumb. But learned valuable lesson.

Bitcoin is still in its infancy stages, if you’re comparing .com bubble then take into consideration just value alone. .com was what 7-8 trillion market cap? Adjusted to inflation is 50trillion of today’s money
Btc as it stands right now is 93billion, imagine the implications on pricing of btc if it hits 1 trillion$ market cap given its finite supply of 21million?

Adoption is increasing on a daily basis, developments, infrastructures, coding etc. volatility is part of the process. Those that can buy now and hodl for next 5-10 years will be far better off than investing in any PM, stocks bonds or real estate.

[a_pupil]

Bitcoin is still in its infancy stages, if you’re comparing .com bubble then take into consideration just value alone. .com was what 7-8 trillion market cap? Adjusted to inflation is 50trillion of today’s money
Btc as it stands right now is 93billion, imagine the implications on pricing of btc if it hits 1 trillion$ market cap given its finite supply of 21million?

Adoption is increasing on a daily basis, developments, infrastructures, coding etc. volatility is part of the process. Those that can buy now and hodl for next 5-10 years will be far better off than investing in any PM, stocks bonds or real estate.

and the pump has recommenced.

[gib]

Tell Mr Anabolic Someone moved 6,855 BTC ($36M) in block 570,724. Probably ready to short the market.
Perhaps cost him under 10cents to move 36mil.
How much would it cost in fees to wire transfer 36mil? Even better, transport 36mil in gold?

Lol - he will likely reply something along the lines that BTC is not anonymous and that the tax man will comment take his share ...

But seriously, yes the inefficiencies of physical gold and the gauging of traditional currency transfer is extremely inefficient.

[gib]

and the pump has recommenced.

It has indeed. And here’s the lesson from last time - get in early, then help push the pump, then learn to recognise when the dump is likely and take your profits.

[gib]

5300

[Twaddle]

5300

5400....
5300....
5200....
5100....
5000....

[gib]

5.4

[Dave D]

It has indeed. And here’s the lesson from last time - get in early, then help push the pump, then learn to recognise when the dump is likely and take your profits.

Solid advice coming from the guy who said btw would reach at least 100k but at the first sign of trouble you bailed.

[Theoak*]

Solid advice coming from the guy who said btw would reach at least 100k but at the first sign of trouble you bailed.

Do you believe it won’t reach 100k in the near future? I don’t believe gib gave a specific time frame of btc reaching 100k.