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bitcoins

Bitcoin is a lot like Powerball, the number climbs the frenzy begins. Everyone has a dream, get your ticket.
 
It’ll pump another two days until the halvening then deflate when nothing happens. I’m gonna reap some of my stack then.
 
panthera said:
I bought more today and will keep doing so. Do your thing red and I'll do mine. Your looking at the last few days. Look at the last year. Or the year before that. Or the year before that. The naysayers are eating their words. I have no doubt you will as well. Lets talk in a few years. Meanwhile I'll buy and use this system of payment. I would rather use bitcoin then let Wells Fargo or any bank use my money.

For posterity current btc price is 3300.
Click to expand...

Wow. Its been 3 years and now we are 10x of what I posted as the current price then. Since this time I have doubled my stack through purchasing, mining, and little bitcoin back rewards. Get ready for the real price action now that institutions are putting entire treasuries in bitcoin. Bitcoin to 50k or higher In 2021.
I will only post and ghost now on public forums. My time is too valuable to argue. You either get it or you don't. Im not here to convince you.
 
I think that bitcoin will go up until the majority holders once again want to cash out, then all of the new investor's money will go out the window, like before.
In another years, rinse and recycle.
 
thats the thing with an all time high though right? the people who's money went out the window... are currently in the green on their investment and at a 50%+ ROI minimum at the time of this posting.
 
If they hung onto it. Remember that the last time it went over $11k was 1-1/2 years ago. Most who bought in at the last high probably dumped it when it rapidly dropped.
 
It's funny how same people show up saying it will only go up on rally, then disappear when price crashes.

Seems like few wealthy investors are behind this new rally. With bunch of speculate on why. Maybe of more hedge funds managers who are playing with other people's money buy in it will go up. Although if they over sudden decide to dump their bit coins it will come crashing fast. Like last time.
 
grayscale and michael saylor very explicitly and clearly stated they were going to buy huge amounts (billions of dollars worth) of bitcoin. not much speculation, institutional funds go in, BRRR price goes up.

https://bitcointreasuries.org/

there's two very good reasons for this:
-it reduces the exposure to USD inflation risks (we printed a bunch)
-bitcoin volume is small enough that buying a billion will move the price enough that it creates signal for others to buy (doubly good is that "market making" aka price manipulation in cryptoland is not regulated due to its asset classification). you can pump and dump legally.


same applies to ethereum and ironically, dogecoin if the elon rumors are true.
 
Starting to believe this thing is going higher. Would like to pick up a coin or two before this hits $100K by next Friday.

Would feel a lot better about buying if it dropped back to early or mid December prices.
 
Nothing succeeds like success. But as I see it, crypto has two main problems:

1. No intrinsic value. There's no basis for making investment decisions.

2. The world's central banks will never give up control of monetary policy. If prices continue to climb, sooner or later regulators will step in and they will drop accordingly.
 
rodr said:
Nothing succeeds like success. But as I see it, crypto has two main problems:

1. No intrinsic value. There's no basis for making investment decisions.

2. The world's central banks will never give up control of monetary policy. If prices continue to climb, sooner or later regulators will step in and they will drop accordingly.
Click to expand...

Agreed.

Or, the Central Banks will simply supply a currency equivalent digital alternate currency of their own. At face value.
 
Sure there’s all that and yet no one can give a solid answer as to why this thing won’t go significantly higher. Smarter people out there seem to think it will.
 
rodr said:
Nothing succeeds like success. But as I see it, crypto has two main problems:

1. No intrinsic value. There's no basis for making investment decisions.

2. The world's central banks will never give up control of monetary policy. If prices continue to climb, sooner or later regulators will step in and they will drop accordingly.
Click to expand...

The intrinsic value is the same as a dollar (nothing) except it’s more secure. No one can just “print” more bitcoins. There’s a finite amount that can be mined into existence and that security arguably has more value than a centrally controlled fiat system. Until someone comes up with a quantum computer capable of solving the rest of the bitcoins into existence :dunno
 
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