...wanna know how Warren Buffet was one of the richest people alive for years? He made 20% a year profit for 50 years, that's how...
And he didn't do it just by buying and selling shares. He did it by buying controlling interest in companies, restructuring them, and making them profitable. |
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Sorry bears. Better luck next time.  |
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Another day another jackpot.
Only GBP missed a grand increase and not by much.
These are heady days. Get used to it though. This could keep going.
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Don't know why, but I have a crawling feeling of poverty...
Oh noes! We'll all be living under bridges:  |
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My TA says we are running too hot right now. Currently we are at the March 2021 price and it’s only December so we are roughly three months ahead of schedule.
Likely scenarios are:
1. My TA is shit
2. We are aiming for a 2013 crash (although I would say we have not yet gone parabolic so this is a lower risk)
3. We will stagnate at this price for 3 months and everyone will get bored
4. This time it is differentTM and This Is Gentlemen please pick the colour of your helicopter (no black helicopters please)
5. We are going to have a mild dump heading into early January and then bounce.
Personally I’m going with option 5. Again I am not trading this - it’s not worth the risk.
Edit: If we make it to 15 January without a meaningful drop, options 2 & 4 become more prominent (never forgetting option 1).
My gut (call it SOMA if you want) says #2. I'm not counting out #4 (due to institutional) or #5 (it's still early). If so, #5 negates #2. #4 negates all others. Edit: Now I'm tending more toward #5. It might already be starting (below $26k). |
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Getting filled like a power-bottom during a pride parade.
Seven deadly sins: Some like sloth and gluttony, Others prefer pride. To each one his own. Diff'rent strokes for diff'rent folks According to taste. |
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$340k?
That's a fairly conservative, typical speculation from experienced Bitcoiners.
Unusual from a noob.
Welcome.
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Order in for another $250 @ $26,700.
Got filled. Degeneracy continues with order for $250 @ $26,600. Have fun. |
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The insane boom/bust cycle that has dominated bitcoin's market cycles in its first decade is driven by the emotional investing of the retail market FOMOing into something they just heard about and then panic selling when they see that thing they just heard about (and know nothing about) dropping in value.
Corporations and investment firms who do research and don't make an investment lightly, along with seasoned accredited investors, will not be creating such a volatile character in the market. And they will be owning the majority of the available coins in the next few years simply because they are the ones with all the money. The retail market will shrink as a percentage of the market from like 90% to something far lower, as will their ability to cause crazy parabolic runs and crushing crashes. We will still get fits of FOMO and panic causing big pumps and sharp corrections or mid-term downturns, but it is going to take years for institutional money to slowly work its way into what is still a very small asset - they could buy the entire bitcoin market cap dozens or hundreds of times over right now - so there will always be more institutional money wanting to get their hands on Bitcoin, and this will stop any crash caused by the increasingly less significant retail market. Corrections won't turn into long term bear markets anytime in the next few years.
Essentially, the "base" of the market will move up much quicker because of all the long term institutional money that is being invested for many years to come instead of to make a quick buck. In 2017, despite rising from $1000 to $20,000, the base of the market even by end of 2018 was only $3000, so that is where it bottomed. If the base this fall was $10k, it is quickly rising now. As an example, if we see price go from $10k a couple months ago to $200k at end of next year (like 2017), the base is going to be a lot higher than $30k, and continuing to rise in a correction as institutions buy up cheaper coins during the correction for long term holding, rather than panic selling what they already have. It would maybe result in a downturn for a few months and 6-9 months later it's back pushing new ATHs. And this will continue for the better part of the decade until institutions have gotten a few percent of their funds into Bitcoin, pushing the price to the $500k to $1 million range, not as a brief peak to hit before a crash, but as a well supported price by the second half of this decade.
I posted this in a different thread but I think it's relevant here: If you watch the video, you'll notice that he points out the extreme volatility during the early innovator stage which smooths out as the s-curve goes vertical. |
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After today's little $2k mini-correction, the likelihood of a major correction before $30k is diminishing... and thus the chance of ever going below $20k is getting less and less.
That combined with institutional adoption points to sub-$20k prices as being extremely unlikely. Institutional investors don't panic-sell or "take profits" willy-nilly like retail speculators.
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A lovely good morning Bitcoinland.
I see we had yet another ATH... $28378 (Stamp), followed by a much-needed $2k correction and right back up again... currently $27565USD/$35480CAD (Bitcoinaverage).
Another day another grand. Slow Smooth and steady wins the race. Go Bitcoin go.
___
Only 5 more days until 2021... the year when Bitcoin really takes off.
Sure, we may get a 20%-30% correction or 2 some time before the really big face-melting rally but this should be a year like no other.
___
I'll get to the haikus after a cup or 2 of Mocha-Java.
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OMG Woke up for piss and drink and see yet another ATH... $27.9k.
Also WOPCP.
Back to bed. Go Bitcoin go.
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Yay, all 4-digit days have gone.
More digits please.  |
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...I don't know anything about stocks but i think i rather buy a random stock and it has a much better chance to double in price than btc when its 25k. Thoughts on this?
You got the first (highlighted) part right. Don't expect to make big gains on stocks traded on exchanges. They've already been milked. By the time of an IPO, the real money has already been made by venture capitalists. The vertical part of the s-curve of adoption is long gone. The retail suckers who buy through brokers are just being thrown scraps. Sure, some people get rich by buying and selling but it's not by just buying and selling shares on an exchange. Warren Buffett bought controlling interests in companies, restructured them and made them profitable. He didn't just gamble on the price of shares. Unfortunately most people don't qualify to be venture capitalists. They have to wait until the IPO before they can legally buy. ____ Bitcoin is completely different. It has yet to reach the vertical part of the s-curve but anyone can buy in. There's no need to wait for an IPO. Anyone can be a venture capitalist and make the big gains. Anyone who figured this out when Bitcoin was priced in 2 or 3 digits and didn't foolishly sell is probably already a multi-millionaire. It's not too late to still get on board. Most knowledgeable Bitcoin veterans expect to see prices in 6 digits and possibly beyond. |
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It’s only 20x from here to gold parity.
Remember when ounce parity was a thing? Now we take gold on for real. Still have a few years (maybe after next halving) to achieve 400 ounce gold ingot parity. Unless McAfee was right. |
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Excellent Xmas for Bitcoin, not so good for crypto, especially Ripple.
Bitcoin dominance over 70% and rising.
Dump your crypto. Buy Bitcoin.
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Oh look... another ATH... $26835 at Stamp.
Go Bitcoin go.
Edit: Barely type it and it's up another $100.
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Rollin', rollin', rollin'.
Another day another jackpot
Top 10 in all currencies are 2020.
Every one beat the previous high by over a grand, JPY by over 10k.
Outstanding. Go Bitcoin go.
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If you wanted to double, triple your money after investing, you will have to wait for many years to come...
...Investing this time is ultimately at high risk, TBH. But this never holds those people who believe that Bitcoin will grow more in the future. Ain't that you or even may (maybe) but many others around can do.
Not necessarily. In the year after a halving year, Bitcoin has always experienced extreme price increases. In 2013 it increased 20-fold between January and early April, and then increased 20-fold again between mid-April and December. From January until December it increased 100-fold. In 2011 it increased 25-fold between January and December. Many years to triple your money? Nonsense. Now is an excellent time to invest in Bitcoin. If I buy Bitcoin today, I didn't think to doubled it easily but as a trader, I didn't wait that long to make money by having a few percentage gains (buy and sell), well, that be good enough.
That's the difference between an investor and a trader/gambler. Investors are in it because they see the long-term value and wish to participate in a worthy project. Traders are just trying to make a quick buck (which they seldom do). |
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