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I have $250....
...in my pocket?
...in my savings account?
...to my name?
makes a big difference to the answer.
What's your income and expenditure? What's your cash-flow look like.
Run your finances like you are a business, in which you are 100% shareholder; Do the best thing for the shareholders.
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Oh my poor head. I think I was drunk  I have no recollection of posting this thread  if I were you I'd check your bitcoin balances too maybe new short positions? Haha, I don't think I could ever be *that* drunk  |
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Oh my poor head. I think I was drunk I have no recollection of posting this thread |
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The most beautiful sight... Short interest greater than the total BTC float.
I'm not suggesting you cover, people will do what they will.
I'm suggesting you are picking up nickels I. Front of the steam roller.
Don't confuse "not run over yet" status with anything...
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ITT: OP brags about his ruinous financial decisions. Others point fingers and laugh.
Long term guys, long term Yeah, add another smily, maybe that will make you feel more confident. "B-b-but m-m-muh long term-m-m" - fools and fool money. Long term is stable price of $10. Enjoy your financial ruin. LOL! But I do like the amount of senseless panic on these forums for every 10% dip 10% dip? Try 60%! Bitcoin was once worth $1200. Would love to see looks on those idiots prices who bought back then. 60% dip? Try 40,000% increase! Bitcoin was once worth $1. cherry picking figures, lol. You just cherry picked that bullshit yourself. Don't pretend there wasn't a raise and an INSANE drop. That drop will keep dropping. Enjoy your worthless money. You are right I totally made it up!* Well spotted. A feat all the more astounding considering the amount of froth on your monitor. I think you need to adjust your orthopaedic hat, your stupid glands are showing. |
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All these fools perpetuating a meme while their worth is evaporating. Oh yes HODL young man! HODL to zero
In the future you can tell your kids your tales of HODLing
Every day I log in I have the same number of bitcoins as before. Sometimes a little bit more. What is this evaporation you speak of? Delusional old fucktard. Don't pretend you don't evaluate your Bitcoins in $. How delusional can you be. Get a life! You are embarrassing yourself with your superficial understanding of things. I value things in what they are worth to me. To value things based on what they are worth to others is not very smart. I can tell this concept is already way beyond your understanding of things though. Delusional indeed. My eyes are wide open, whereas you appear to still be stumbling around a darkened room of your own making assuming that all those people stood outside in the sunshine have totally made up 'daylight'. So impatient. So angry. So desperate. What is it really? |
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ITT: OP brags about his ruinous financial decisions. Others point fingers and laugh.
Long term guys, long term Yeah, add another smily, maybe that will make you feel more confident. "B-b-but m-m-muh long term-m-m" - fools and fool money. Long term is stable price of $10. Enjoy your financial ruin. LOL! But I do like the amount of senseless panic on these forums for every 10% dip 10% dip? Try 60%! Bitcoin was once worth $1200. Would love to see looks on those idiots prices who bought back then. 60% dip? Try 40,000% increase! Bitcoin was once worth $1. cherry picking figures, lol. |
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All these fools perpetuating a meme while their worth is evaporating. Oh yes HODL young man! HODL to zero
In the future you can tell your kids your tales of HODLing
Every day I log in I have the same number of bitcoins as before. Sometimes a little bit more. What is this evaporation you speak of? |
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I think a nice summary is that investors buy and hold, speculators buy and sell - Wall St speculates! piramida cuts to the crux: ... what will change is the exposure to the world of limitless fiat, which is pretty thin now. Once you connect a limitless fiat pool with a limited bitcoin pool, closed feedback loop will quickly move the price to infinity.
ETF legitimises btc as a currency/commodity to trade, as well as increasing liquidity. I think people that *have* bitcoin are already equipped with the means to sell. I think people that don't have bitcoin will benefit from this new vehicle for buying purposes. Which puts upwards pressure on the underlying. The big question is how much, and in this regard the above quote makes me optimistic. |
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When I see 'wall st' in the context of 'is driving the next bubble', I don't think of wall st trading outfits I think of it more like its the ability for mom and pop investors to get into bitcoin via 'wall st' e.g. ETF.
Then, by default wall st starts making money, as they always have done, by front-running, skimming fees, margin calls etc etc
So I agree that wall st in the classical sense won't be buying and holding.
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Bears have been talking and wishing for 2 months now, I was worried about missing to buy if the price really dropped to $500, I didnt sell and I am not selling my holdings but really bears you are a disappointment!!! I expected a real crash... in the other hand, I figured out the best way to profit in BTC terms is investing in startups, IPOs.. so I was looking for various shares offering and I picked up a couple and invested in few projects that I think they could be profitable "fingers crossed" some will deliver results in middle term, others are a real long term investment. so this kept me off for the last couple days, and I didn't feel the need to watch BTC price that much. if BTC price take allot of your time and nerves, try looking into investing in Bitcoin IPOs and startups, the development is a bit slow which will give you allot of time to be productive and do other stuff and take some pressure off, and for sure you wont be nervous each time BTC goes $10-30 up/down not crashing hard speaks so much louder than any of the posts on bct. |
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$26,000
I hope you are right!! xD But why do you think it will reach $26,000? Is it because of the news about paypal? (I think it will just continue around $500 until next year :/ ) because people are starting to think it can't, because most people think as you do - and as i do - that this is it and it will just do nothing for the next year... and it might... it might take years, but in the end its surely inevitable |
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... I am curious. Are you saying you don't think consumer demand is sufficient to drive bitcoin (price) longterm? Why?
Yes, if we start with the following premises: A. The current exchange rate is the product of consumer demand, and not speculation. By "consumers" I mean the people using Bitcoin as money, not to speculate on its long-term worth. B. The demand will continue to increase. I'm saying neither (A) nor (B) are necessarily true, (A) partially due to supply/demand being kinda misused in the case of Bitcoin. Think about it like this: 1. A baker bakes cakes. 2. You like delicious cakes, they're delicious. 3. There are others who like delicious cakes. 4. The baker keeps raising his cake price until, when he closes up for the night, he has no leftover cakes, but just barely.* Classic supply/demand relationship, right? Here's the good part: (2) above could be seen as a constant. The cake is just as delicious (and desirable) regardless of what the baker charges. If the baker doubles his price, you are not going to want the cake twice as much, right? Not so with Bitcoin. To a speculator, 1 BTC is twice as valuable when its exchange rate doubles. That's why it's important that most Bitcoin holders are speculators and not typical consumers like cake_eaters. See my point? TL;DR: Bitcoin is not goods. It has neither intrinsic value nor is it subject to the classic supply/demand interpretations....
*assuming that selling out every day = max profit, not necessarily true if there are cake addicts, let's say, who'll pay anything for their pastry fix. But that's a tangent. edits... It's not *that* simple, "Speculators" implies some fraction who are in it for short term fiat profits. As the price of bitcoin rises there is a corresponding increase in the likelihood of a speculator deciding to sell. I'd say it very much is a product of supply & demand, given there is a limited supply and variable demand. Only fiat is not subject to supply and demand, as there is effectively an infinite supply. |
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Now if someone makes btc that convenient...
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Apple sells most of it's products to people with plenty of disposable income, and they might not worry about paying extra fees. Android users are more likely to have to ask how much something costs before buying it. They are unlikely to be happy paying extra Apple fees on top of VISA/Mastercard/AE.
True dat. I'm happy to pay more for convenience. I can always get more cash, time is more precious to me. Ymmv |
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long term bulls arguing in the street? hopefully there will be blood. it really does feel like time....
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This is a speculation subforum. I am sure there is a cultist subforum somewhere else. Have fun, there.
That is the funniest thing I've seen in ages. The speculation subforum is the heart of the cult. confirmedsauce |
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