The Federal Reserve is raising interest rates, making money tighter, and popping the crypto bubble as well as many other speculative bubbles. Almost all financial assets have gone up since 2008 in the face of massive money printing, and now that party is clearly OVER. With the Federal Reserve now tightening, we will see cryptos and Bitcoin fall by more than you ever thought possible  BE HONEST: Who here would have believed last year that Bitcoin would be near 18,700 today ?? Everyone knows darn well that anyone correctly predicting such a price drop in bitcoin would have been ridiculed here in this forum. So stop the self delusion for a minute and consider that Bitcoin could still go FAR LOWER... So here is the question I am asking you guys: 1. At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ?? 2. At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ?? 3. Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ?? |
|
|
|
And you are trying so hard to make it sound like dooms day:  Crash = buy opportunity, perhaps you haven't noticed. This your another opportunity to buy btc at a cheap price so you can get over your negativity towards the tech and embrace positivity  . These are Hard Facts.  If buying assets that have crashed is your strategy, then you can buy a lot of these assets that have crashed Venezuelan Bolivars Stocks of Enron Stocks of Lehman Brothers Stocks of Pets.com Tulip Bulbs The list of cheap, crashed assets you can buy is endless !!!!! |
|
|
|
Who is going to ride the next bitcoin crash down  The Federal Reserve as vowed to tighten monetary conditions to bring down inflation. This includes bringing down FINANCIAL ASSETS. The link between Bitcoin's price and Speculative Nasdaq stocks is undeniable. Once the selling starts again, it is going to cause more people to get out, and turn into a vicious doom loop. The icing on the cake of doom will be the implosion of more crypto companies IF I did own and love Bitcoin I would sell before the crash, and buy in at a much lower price so at the end of the day I had twice as many Bitcoin. Personally, I think bitcoin is the best way in the world to loose money right now, and I would not hold any. UNIVERSALLY ACCEPTED FINANCIAL WARNING: Past performance is not indicative of future results. Google it...  |
|
|
|
^^The reason why there are so many people who just listen to other people is a bit more about human nature. We always feel ingrained to pick a leader, even if you get like 10 people together then you pick a leader. The human nature is to look up to someone, and let "some" of your freedoms go and be decided by someone else.
This is a horrible knowledge that many would argue against, and even prove revolutionaries as examples, but even there we have leaders. Hence, the idea of "letting all the work go, relax, sit down watch some netflix shows and allow another dude to decide on my financial future" seems easy and natural to many people in the world.
VERY WISE observation !!! Unfortunate but true.... |
|
|
|
first purchase price was at ~$11.65k each.. hmm. seems he is doing well from that first deal
Exactly, Michael Saylor is doing great from the first deal, sounds really good doesn't it You could sucker in a lot of fools with that statement.... The LIE is when Michael Saylor told investors and the public in an interview that MicroStrategy is doing great on the first amount of Bitcoin purchased at near 11,000... But FAILING to disclose that his overall cost averaged investment is near 30,000 price point, and this his total Bitcoin investment is now at more than a 30 % LOSS, more than a billion dollar LOSS. Franky1 comment is typical of the mental gymnastics, and downright dishonesty of most people in this forum  WARNING for those reading that are rational investors that want accurate information. When you see dishonesty and denial like this, do not walk away, RUN away from anything these type people are trying to sell. |
|
|
|
To contrary what you expected MicroStrategy has invested another $10 million to acquire additional 480 bitcoins to their reserves Michael Saylor's latest tweet[/url], MicroStrategy keeps DCA-ing like everything is normal  They've just bought (yesterday) 480 BTC so their total is around 129,699 BTC and the average price is ~30,664$ VERY GOOD EXAMPLE 1. Michael Saylor LIED about his Bitcoin gains multiple times on TV. Michael Saylor Quoted his first major purchase price and called Bitcoin his best investment instead of admitting the investment was a 30 % LOSS, over 1 BILLOIN DOLLARS at the time. Who needs to LIE to investors and the public to pump up his investment 2. MicroStrategy is NOT, NOT major institutional money. They are a small fish in a very big sea. The fact that you think MicroStrategy is " intuitional money " shows complete macro economic ignorance on your part. 3. Micro Strategy borrowed to purchase its bitcoin, and will have a MARGIN CALL soon, and be forced to sell its Bitcoin at a huge loss. IMPORTANT PREDICTION: You and many others here will not let reality get in the way. When MicroStrategy is bankrupt, you will be full of apologetic excuses. |
|
|
|
And so is fiat. There's nothing you can do with 1, 10, 100 million USD if nobody is willing to exchange goods for it, but I don't see you call this a scam. Humans appear to be satisfied with money, even if they can't intrinsically utilize it.
You are VERY WRONG... US Dollars has the assets and the full force of the US Government, Its assets / Military / law behind it, so there is some backing even if it is not enough.... Even with all this advantage, fiat currencies eventually go to zero anyways. Bitcoin has NONE of this behind it, Bitcoin is worse and weaker than FIAT, it is nothing more than a Crypto / Ponzi Scheme. NOTHING backs Bitcoin but what some greater fool will pay for it. No one has come up with any use case for Bitcoin when the day comes that people will not pay for it anymore The Crypto world is even worse, it is Ponzi schemes built on top of Ponzi schemes. We are already starting to see the very first stages of various crypto schemes blow up... |
|
|
|
I'm not an economist, but I still think that the "value" of something is what people are willing to pay for it at the moment. Please correct me if I'm wrong.
You could resell a loaf of bread if you want and maybe make a profit. You could also eat your loaf of bread if you do not want to re-sell it. What would you do with your bitcoin if you could never sell it NOTHING That means it has zero intrinsic value. The only value that Bitcoin has is what some greater fool will pay for it. |
|
|
|
funny thing is you got very happy about bitcoin in jan 2021 when the price went from $23k up. you were even imagining the price going to $100k.. with smiley faces
.. your too obvious. just admit it you are highly invested and just sad that its the wrong time of year to sell some coins
Yes, when institutional money started to get into Bitcoin, I thought Bitcoin would go up far more than it did. Bitcoin ran up nicely, just not as much as I and most people here thought it would. Bitcoin going down by such a large amount has ENDED the dream of a lot of serious institutional money investing into Bitcoin. No large institution is going to invest real money into Bitcoin now that it has crashed by more than 66 % in less than a year. Ponzi Schemes simply do not survive crashes well... Bitcoin has proven that it will crash along with the stock market in an economic crisis. Welcome to the new reality. I am honest and smart enough to change my outlook on Bitcoin based on market conditions, most others here are not emotionally capable of doing that. |
|
|
|
Depends. Where do I live? Venezuela? Zimbabwe? Sudan? Turkey? Bitcoin is definitely preferable to their highly inflationary fiat currencies.
Yes I will concede that point: If you live in the absolute worst countries in the world, which are economic basket cases, then Bitcoin is more stable and can actually function as a currency In a stable economy like the USA, companies are not PRICING products in bitcoin, they are converting to USD at the moment of sale. But if Bitcoin has to be compared to the absolute most worthless, unstable FIAT currencies in the world to be attractive, then something is really wrong with Bitcoin. I would not invest in Venezuela Bolivars, Zimbabwe Dollars, or Bitcoin. They are all great ways to lose all your money. There are MUCH BETTER, less risky investments than Bitcoin. |
|
|
|
Is it? Damn! And here's me using it as a currency to buy a huge variety of goods and services for years, both in person and online, from around the world.
NO ONE is pricing their products in Bitcoin and using it as a currency. When you pay by Bitcoin, it is instantly converted into US DOLLARS that the seller uses. You can NOT price things in Bitcoin, it is to unstable. 1. If you were hired at a job last year, and paid in Bitcoin, and your pay was actually priced in Bitcoin, at a rate of 1 Bitcoin per year, would you still be working 2. If you put your house for sale on the Market in Bitcoin last year, actually priced in Bitcoin, 10 Bitcoins for your house. Would you sell it today for 10 Bitcoins Using Bitcoin as a currency IS A LIE if it is nothing is priced in Bitcoin, the bitcoin is instantly converted to US Dollars, or whatever the currency your country uses. SORRY, converting your BitCoin to US Dollars to pay for your tesla is NOT bitcoin functioning as a currency. Even if Tesla does the Bitcoin - US Dollar conversion for you, the PRICE is always a US Dollar amount. |
|
|
|
yes bitcoins price is not the intrinsic value. but that does not mean bitcoin doesnt have one
Tulip Bulbs had a very high PRICE until the mania collapsed. Bitcoin will have a very high PRICE until the mania collapses. In the end, Bitcoin's ONLY value is what someone else will pay for it... Once the hope of selling bitcoin for more than you paid for it is gone, Bitcoin will be almost worthless. |
|
|
|
So you're saying that throwing your life savings into Enron or Theranos investments because everyone else is doing it is a better strategy? NotATether: Makes up a statement out of thin air that is obviously wrong and easy to attack. Then falsely attributes his made up statement to someone else and attacks him based on a statement he never made. Typical tactic of the type of person that is wise, that you would trust in life, and listen to for Financial advice |
|
|
|
Hold your sword steady, and fight with poise knowing full well that we will end up on the right side of history. All the best, All the time, TREAD  In other words IGNORE any information that you do not like, disregard any information that interferes with your dream of becoming rich... The above post is pure emotion and hope. Any rational investor would laugh at the above as the worst way to invest, and a really good way to lose a lot of money.... OLD WALL STREET SAYING: " Do not confuse brains with a bull market "... In other words, even the dumbest investors can make money in a bull market. |
|
|
|
Don't act like you know what's going to happen in the future. Many fools will always doubt BTC, but time proves them wrong again and again. This is another fact.
TIME TESTED, UNIVERSALLY ACCEPTED INVESTMENT FACT: Past performance is not indicative of future results and there can be no assurance that the future performance of any specific investment, investment strategy, or product will be profitable, equal any corresponding indicated historical performance level(s) Does it even strike you as a little ironic that you say no one knows the future, then YOU tell everyone that Bitcoin will rise in the future, and state it as FACT |
|
|
|
George Gammon is not Anti Bitcoin, he has owned and invested in Bitcoin for years... George Gammon has a very large following on both YouTube and twitter as a financial and economic expert. That being said, George just made a very important analysis Bitcoin and of the Bitcoin pumping crowd and their behavior. You can see it on YouTube in the link below. FACT: Last year near Bitcoins 68,000 dollar high, almost EVERYONE in the Bitcoin community was predicting that Bitcoin would go to 100,000 dollars and higher by the end of the year.... Anyone that urged CAUTION in purchasing Bitcoin after such a fast and large runup to 60,000+ was ridiculed and attacked. In the end Bitcoin believers used the same old, tired, worn out response that is always used to attack unwelcome information about Bitcoin: That George and others just "did not understand " bitcoin. BOTTOM LINE: Do NOT listen to anyone that was so very wrong in their predictions last year. GO BACK and read people here were saying near Bitcoins highs before you take their advice now. https://www.youtube.com/watch?v=N5qswjJvLPg |
|
|
|
I suppose the real question is whether it's only the institutional investors who consider such things, or whether it's private individuals who are keeping close tabs on it too. For me, personally, I sure as hell wasn't looking at what the Fed was or wasn't doing when I first bought in.
Given the statement above, you are completely and utterly ignorant of Macro Economics and how it affects asset prices. Most people do not think, or are even aware of what the Federal Reserve is doing when they invest... But any fool can look at the " Miraculous " recovery of the stock market in April 2020 and figure it out  The economy was shut down, businesses closed, lockdowns, things were looking very bad, no one knew how bad Covid-19 would get. The Federal Reserve went into emergency Money Printing mode, and cut interest rates to zero. RESULT: The Stock market, Bitcoin, and other assets had the fastest, best recovery in history. Professional Investors know that the Federal Reserve is now the biggest force in the markets, BY FAR... This is accepted fact to everyone but a Bitcoin cult believer Yet, You still can not figure it out |
|
|
|
I mean, QE 3 ended at the end of 2014, when bitcoin's price was ~$350. By the time bitcoin peaked at ~$20k at the end of 2017, the Fed's balance sheet had been static for years, and indeed they were just starting to reduce it. The peak of ~$13k in 2019 came at a time when the Fed's balance sheet was the lowest it had been in 5 years. This run up was absolutely influenced by more money printing, as I said on the first page of this thread, but bitcoin has not only survived times when there was no money printing or indeed active steps to reduce the outstanding balance, but has even hit peaks during these times.
You are ignoring a very important fact: Interest rates have been NEAR ZERO for the entire time of Bitcoins existence. Near Zero interest rates, with a high balance sheet by the Federal Reserve ( there was never any significant reduction, it was tiny ) is HIGHLY STIMULATIVE monetary policy, the same policy that produced the 2006 Housing bubble. Near Zero interest rates, AND Massive Quantitative easing by the fed over the last 14 years is unprecedented in history, and produced many bubbles in assets that should be near zero. BITCOIN, NFT's, Zombie Companies that will never make a profit etc. etc. |
|
|
|
Given that Bitcoin was born out of a global financial crisis, I'd imagine it'll do just fine.
WRONG  Bitcoins run up in price was during the MASSIVE MONEY PRINTING by the Federal Reserve that followed the financial crisis of 2008. Bitcoin really started trading on any significant scale when things were near rock bottom already, and financial assets only went up due to Quantitative Easing 1, 2, and 3, and zero interest rates... I expect Bitcoin will CRASH HARD during a financial crisis, just like it did in March 2020, but WORSE... The time I would consider purchasing Bitcoin is IF IF Bitcoin survives the crash, it will be very very cheap. Bitcoin, stocks, and all financial assents will have nowhere to go but up when Federal Reserve starts massive money printing again.... This would be speculation on my part, make quick money if it goes up again, then get out. I do NOT view Bitcoin as a long term investment. |
|
|
|
Logic never was his strong point.
I am one of the ONLY people here using Logic, most people here are completely and utterly emotionally invested in Bitcoin... DooMAD had the best point out of anyone in this whole thread... Bitcoin could go up again when the Federal Reserve reverses course, and starts money printing and blowing up the stock market bubble again. Bitcoin has been following the NASDAQ pretty well. The one unknown is how Bitcoin will do in a financial crisis... If Bitcoin survives, I would look at buying some Bitcoins when the Federal Reserve starts the money printing again. Bitcoin could shoot up like crazy if it does not collapse completely before then |
|
|
|
|
Show Posts
