A Word of Warning to the Bears

[TrueCryptonaire]

Hello,

I hereby issue a word of warning to all the bears.
If you feel you need the cash right now, then by all means, sell some coin(s).
However, bear in mind the fact that you probably never can get those coins back at lower price. Therefore, shorting Bitcoin is basically financial suicide and very wrong position to be ATM. Shorters however, are the stupid money persons that will add fire to Bitcoin in this rush to the Moon once their positions will be liquidated at higher price.
Bitcoin is now at the stage that it is pretty much too big to fail (on the other hand, too small to be considered as currency thus giving very lucrative odds for making new millionaires and the current btc millionaires to billionaires).

Now it is time to collect all the Bitcoins that you can get under 1,000,000 usd/btc price range and after that range has achieved, hold it and enjoy stable 10-20 % annual increase in your purchasing power. Therefore, no diversification is needed when btc skyrockets (what else to diversify, fiat money mutual funds perhaps lol?).

[Chris!]

$1 million is way out of reach right now. Maybe some day wayyyy far in the future. A few thousand would be a much more realistic number tbh, and we don't even know if there will be a new ATH after this halving. As of right now the price isn't going up or down too much. I'm hoping the halving hype comes back and we can see some month $100/day rises. Those were fun!

[BitcoinHodler]

i liked your topic but you ruined it in the second paragraph when talking about 1,000,000 usd/btc price but up until then i totally agree with this and i hope to see this happen soon.

[r0ach]

Without having some type of big financial collapse, I think the most it would do in a big bull run is around $4000 tops in the short term of 30-90 days post halving, but I would like to be proven wrong.  Regardless, $3000-4000 is a lot higher than $676.  I always give low ball predictions for bull runs, and they usually seem to go higher than my low ball predictions...so you never know.  Having said that, wouldn't be surprised if a Deutsche Bank black swan occurs in the next 30-90 days and sends Bitcoin to the moon.

[ProfessionalBitsurgeon]

You think those floundering things wiped out the economy? Fool, they are harmless! But the coins are gone, aren’t they?
You tried to stop me; you discouraged me when I needed every drop of encouragement I could get; you were afraid of the cosmic truth, you damned coward, but now I’ve got you! What swept up the economy? What made you scream so loud? . . . Don’t know, eh? You’ll know soon enough! Look at me—listen to what I say—do you suppose there are really any such things as time and magnitude? Do you fancy there are such things as form or matter?
I tell you, I have struck depths that your little brain can’t picture!
I have seen beyond the bounds of infinity and drawn down daemons from the stars. . . . I have harnessed the shadows that stride from world to world to sow death and madness. . . . Space belongs to me, do you hear?

Things are hunting me now—the things that devour and dissolve—but I know how to elude them. It is you they will get, as they got the economy. Stirring, dear sir?

[Ch3wbacca]

Let people do what they want..you dictating someone does not define crypto. Crypto is about freedom to do anything.

[The Sceptical Chymist]

OP be smoking crack-type substances--last chance to buy under a million?  I don't think so, my friend.  You would be able to buy a house with signature campaign earnings.  That's just wacky.  I suppose it could happen, but I think we'd be weeping for failed economies all over the globe.

But I do agree that it's a decent time to buy.  We're in a good bull market right now.

[jjacob]

There are people who have leveraged up and are shorting coins.
I would never have the courage to attempt something like that.

[socks435]

Well I think it would be nice if bitcoin would really reach 1m$. Well if it will happen in preparation to that ill always leave something from my signature campaign earnings that I get now so im ready when it will really reach that price.

Dont expect that it will happen right now.. we seen already that the price right now are is dipped to 618 value and i think more reduce will come..
But if that price will happen this year i will kill my self..

[virasisog]

There are people who have leveraged up and are shorting coins.
I would never have the courage to attempt something like that.

For most investors, it is better not to use leverage. Just invest the money you can afford to lose. It is safer.

[Dobmaster]

There are people who have leveraged up and are shorting coins.
I would never have the courage to attempt something like that.

For most investors, it is better not to use leverage. Just invest the money you can afford to lose. It is safer.

The exchanges can find out you borrow the coins to sell. Then somebody can raise the price to make sure you lose.