|
445
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 08, 2022, 07:40:14 PM
|
Ever wonder why during a bull run all this deep pocket money comes rushing in and runs up the price sky-high, only to leave fresh crypto n00bs holding the bag once it all crashes? Well let dumbass Jim Cramer enlighten you: https://www.cnbc.com/2022/06/08/why-jim-cramer-invests-in-crypto.htmlOwning crypto can also be a good short-term bet that takes advantage of the momentum from swings in its price, especially since there are many enthusiastic investors in the space who are willing to “buy high,” he says. Translation: "Crypto can be a great short term momentum trade to pump and dump, because there are a LOT of dumb pleebs that come in and FOMO buy at the top!"  Don't be a victim next time: buy bitcoin now. |
|
|
|
|
447
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 07, 2022, 11:54:53 AM
|
Just wondering, do you guys still paying for Netflix?
Currently, yes. But starting to really question if it is worth it anymore. There is only a few series I've watched and liked on it, and a handful of movies. Probably only watch Netflix a couple of times a month now. Playing music, reading books, and watching old DVDs and blu-rays has taken over my free time now. |
|
|
|
|
451
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2022, 05:05:46 PM
|
Riddle me this:
If stonks are going to be "bad' and bonds as well, plus RE would "crash" or at least flatline because of high (upcoming) interest rates...then why PTB are STILL reluctant to put the truly big money in bitcoin?
I cannot see any other "escape" route for capital rn.
Maybe gold as well, but bitcoin is 100X times better in almost everything.
Because until things change, the status quo will continue... this is the deal they made long ago with the Corporatocracy.  |
|
|
|
|
452
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2022, 03:46:44 PM
|
I knew from the moment that big league insiders like Michael Saylor and Elon Musk started buying billions worth of btc, and all the Bitcoin ETFs got approved by the SEC, that institutional buyers were already buying billions worth. All of this buying activity started when bitcoin hit ~$25-30K/btc. IMHO the insiders will defend and support that price range, they don't want to lose major amounts of money on paper. |
|
|
|
|
453
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2022, 02:45:41 PM
|
People don’t buy gold to chase moons, to get rich quick, or to obsess over “when $100k?”. (Well, not unless they are idiots. Serious goldbugs are not idiots.) Gold buyers are largely motivated by a desire to avoid losing value; I believe that’s what a “hedge vehicle” means.
Gold’s lower volatility compared to Bitcoin is in gold’s favor, not in Bitcoin’s favor. I would kill for Bitcoin to have gold’s level of volatility.
Too bad that gold's appreciation can't even touch bitcoin's, nor can it keep up with real inflation. Volatility be damned. What else you got? Bitcoin isn’t keeping up with real inflation, either. $30k range in January 2022 was a drastic YOY loss compared to $30k range in January 2021, for starters. I can cherry pick timeframes too. If you bought bitcoin in March 2020 @ $6-7K/btc, you're up 400%-500% on your investment. Inflation likely gained +30% since then. If you bought Gold in March 2020 @ $1485/oz., you're only up 25% on your investment. Inflation likely gained +30% since then. Bitcoin was then, and still is, the better hedge against inflation. As for gold—I never understood why some Bitcoiners have a grudge against gold. It doesn’t make sense, and it’s counterproductive.
I don't have a grudge against gold. I own some, as well as silver. I have a grudge against the criminal COMEX rigging of PMs. Gold should easily be at > $5K/oz. by now, Silver at > $200/oz. |
|
|
|
|
454
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2022, 02:21:22 PM
|
People don’t buy gold to chase moons, to get rich quick, or to obsess over “when $100k?”. (Well, not unless they are idiots. Serious goldbugs are not idiots.) Gold buyers are largely motivated by a desire to avoid losing value; I believe that’s what a “hedge vehicle” means.
Gold’s lower volatility compared to Bitcoin is in gold’s favor, not in Bitcoin’s favor. I would kill for Bitcoin to have gold’s level of volatility.
Too bad that gold's appreciation can't even touch bitcoin's, nor can it keep up with real inflation. Volatility be damned. What else you got? |
|
|
|
|
456
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: June 03, 2022, 01:30:26 PM
|
In my humble opinion, it all comes down to the link between energy and value, complex and inexplicable as it may be. Energy may or may not create value, but value requires energy. There is no "free lunch" in this universe.
This is one of those complex, philosophical topics where the answer is "Yes, but..." Yes to what you stated above. But...there are so many "things" in this world today that took a lot of energy and manpower to create (and thus had high value when first created), but their value has now fallen to near zero because humans no longer value them. They don't just retain their value long term because they had a high energy input. This could happen to any "thing" created, because value is also subjective and is applied to "things" by the emotions of human beings. |
|
|
|
|
Show Posts
