|
Oh noes. We've dropped all the way down to 3rd place.
The million dollars I made in the last few days is gone.
Oh the horror. Oh the humanity.
|
|
|
|
Fuck I hate banks.
I know Jimbo, we all have to deal with this shit at some point in our lives. Hopefully my involvement with banks won't last long. I'll keep an account open long enough to buy a property I've been eyeballing, including dealing with the capital gains tax. Then I'll close the account and I'll be blissfully bank-free again. Cash and Bitcoin rule. |
|
|
|
I know it's not only mine but story of most of us who didn't invest into bitcoin once it crossed $20k mark assuming it would go through correction phase but it has gained almost 100% more since that time and I am not sure if it's worth risking to invest into bitcoin when it's nearing $40k?
Please share your opinion without any generic response like "there is no good or bad time to invest into bitcoin".
I'm not saying, "there is no good or bad time to invest into bitcoin". I'm saying, "there is no bad time to invest into bitcoin" As soon as a check clears, I'll be buying more. |
|
|
|
|
Good morning Bitcoinland.
We've now been going basically sideways for 2 days now... currently $39877USD/$50600CAD (Bitcoinaverage).
We all knew there would be resistance at twice last cycle's ATH. The battle for $40k rages on.
Hopefully this buying opportunity will last long enough for a $20kCAD check to clear. Yes, I finally broke down and got my first bank account in years to receive this check. Obviously I want to convert it into Bitcoin ASAP. They're holding my funds for 10 days despite the fact the check was certified.
Fuck I hate banks.
|
|
|
|
Do retailers rejoin the party?
I don't mean to nitpick and I realize English is probably not your native language but the word "retailer" means a merchant or retail seller. The word you want in this context is "consumer" which means a user or customer. A retailer sells to a consumer. _____ Yes. Retail buyers have been flooding in for weeks now although their purchases are still dwarfed in volume by those of institutional buyers. Just be aware that much of the institutional volume is off-exchange. If anything, institutional investors make sacrificial sales losing money by selling on retail exchanges to drive the price lower so that they can buy off-exchange cheaper and more than recoup their losses. |
|
|
|
|
Wow. Pathetic bear attempt at Stamp.
____
Back to bed.
|
|
|
|
|
First idiot I put on ignore since NLC.
|
|
|
|
Where do you get your crypto price references from?
For BTC/USD I use Bitstamp. Bitstamp is preferred by many OG Bitcoiners because of its long standing as a reputable exchange that doesn't allow leverage or margin trading, just honest buys and sells. It's not surprising that it's what my neighborhood OTC exchange uses. For BTC/CAD, BTC/EUR, BTC/GBP, etc I use Bitcoinaverage. I also use it as a multi-exchange price index for BTC/USD. Bitcoinaverage bases its prices on the most exchanges worldwide based on volume, omitting exchanges with zero trading fees. It's used by almost all local ATMs. I don't do altcoins |
|
|
|
I'm all into some food porn,
 Matsusaka wagyu. Best served almost raw, barely seared.  Gozu wagyu. Well marbled. Mmmmm. |
|
|
|
There are other annoying topics we could try as well. How about religion or sports?  Sports is still a bit of good, as long as it are my favorite sports  Or what about FOOD  Food is an excellent topic, not annoying at all. |
|
|
|
 Oops. Sorry for the politics. I'll try to behave myself. I can do this all day.  Me too.  |
|
|
|
I have a feeling those prices will never come back down again, even once the Covid issue has dissipated.
Would love to be proven wrong.
What else is new? Whenever they find an excuse to raise prices, they leave them there. Then people demand higher wages because the cost of living has risen and the cycle of inflation continues. |
|
|
|
Also, berries? Holy shit. 32 oz of strawberries are now DOUBLE price what they were 6 months ago. Double.
Similar inflation with raspberries and blackberries too.
That may be Covid related. There's a shortage of qualified pickers. Coffee prices have shot up too. |
|
|
|
Well I remember inflation back in the late 60's and 70's bank interest rates surged like mad.
Ah yes. I remember that... when dollars were still backed by gold, or at least rampant money printing was still in its infancy. |
|
|
|
I think it is going to happen very soon, the dump will be happening but what will happen when everything on CMC shows red? How far will Bitcoin fall?
After the crash I think it might settle around the $12,000-$13,000 mark before finding a way to work upwards again over a period of time.
The all time high was set just hours ago of $40,180.37 according to CMC
Why would you expect a crash soon? This rally is still young. We might see corrections along the way, perhaps as large as 30-40% but don't expect to see $20k again, let alone $12k-$13k. When this bull run has finished (maybe $200k-$400k), we could see a much larger dip, maybe as high as 80%. Don't count on it being that severe though. Previous bubbles were based on retail FOMO followed by weak-hand panic. This run is founded on well-researched institutional investment. Institutional investors don't have weak hands. Don't expect them to panic. Yes, when the retail bubble bursts, weak retail hands will panic and the price will plummet, but not as far as in the past because retail will represent a smaller percentage of the total coinholders. Institutional investors will continue to hold. It might not even make it back down to 5 figures at that point. _____ Coinmarketcap? I thought only noobs and altcoiners used CMC as a Bitcoin price reference. |
|
|
|
Could very well be, but, another reason could be the age of a country's population. The west is pretty old I think, I imagine places like India have a much younger population. Covid is unlikely to kill the young as you know.
Indeed. Higher infant mortality and general lack of widespread healthcare for the young leading to shorter life expectancy, ergo fewer elderly Covid deaths. Good thinking. |
|
|
|
Good morning Bitcoinland. I see we're back in sideways consolidation mode after yesterday's ATH ($4k Stamp)... currently $40950USD/$51960CAD (Bitcoinaverage). How many hours (or days?) before a new ATH? I'm getting impatient. Go Bitcoin go. Some politicians behave like little girls who lost their doll... Sad. Some of these politicians may even be best buddies off-camera, while the crowd is taking sides and fighting between each other... They have their game set up fine, they are always the winners, regardless of who "wins".
Oops. Sorry for the politics. I'll try to behave myself. There are other annoying topics we could try as well. How about religion or sports? Tell us a story about the Blue Jays Jimbo. No. I'd rather talk about the Liverpool Soccer Club football (soccer). |
|
|
|
I am growing quite fond of political posts.
If btc shows no movement or whatsoever, then politics is the next topic I guess There are other annoying topics we could try as well. How about religion or sports? |
|
|
|
Is this the bubble they have been talking about for the last 10 years?
 |
|
|
|
|
I prefer to take my profits in Bitcoin.
Of course there's nothing wrong with spending some of your profits on nice things, and that usually involves converting some of your Bitcoin into fiat as an intermediary means of exchange.
I bought my first property in Mexico with a tiny part of my profit from the 2017 rally. Now I'm looking at 400 acres of pristine forest with a private lake less than an hour from Toronto by plane and taxi. Almost bought it just before Xmas but decided to wait until we reach at least $100k. It would have eaten up too large a portion of my stash.
Setting goals is good but don't set exit points. Set purchase points.
|
|
|
|
|
Show Posts
