As someone who has had stories, i am happy to report I had recently sold my last BTC recently when it was around $5,000.
2010 to 2019 was a heck of a ride. I paid off a house, kickstarted my gaming habit and selling my last BTC was used to pay for my kids private education for the coming year.
I see it skyrocketing and I have no regrets for getting out. I was (and still kind of am) completely sold on the eye of currency that operates on distributed system which no on person governs but 9 years ago, no on had any clue how things would turn out.
I agree, and did in 2010, that BTC was trash and crypto would need to evolve. In fact, looking at his former conversations, you could argue Satoshi felt that way.
Regardles, I'm out (for now.). If I ever comeback, I'm gonna start fresh and maaaaybe reinvent crypto from the ground up, much like iota but using a slightly different approach and non of that junk like sidechains or deterministic transactions or whatever it is Etheruem has done.
But, I like to dream. I don't think I'll ever build my own coin. There's a lot involved and I don't have the time but it's been a fun mental project for the past many years.
Rumors of war and terror historically cause gold to move. We have three major political threats right now.
Hong Kong vs China, US vs Iran, and India vs Pakistan....all of which are big gold investing countries...also the Saudi/Yemeni war, and Syrian civil war is still going on but I guess they're slowing down making it not "news" so no one cares about them.
Bitcoin makes little sense other than Facebooks announcement about their own crypto...I still have no faith in a currency based solely around speculation though.
Rumors of war and terror historically cause gold to move. We have three major political threats right now.
Hong Kong vs China, US vs Iran, and India vs Pakistan....all of which are big gold investing countries...also the Saudi/Yemeni war, and Syrian civil war is still going on but I guess they're slowing down making it not "news" so no one cares about them.
Bitcoin makes little sense other than Facebooks announcement about their own crypto...I still have no faith in a currency based solely around speculation though.
To be fair though we, the U.S., are in a constant state of war, so I am not sure how direct that correlation is. I thought that gold went up in times of economic confusion because of its intrinsic value. When people are not sure where to put their money they can feel more confortable with gold because it always has value. Gold is lower when the are other reliable investments because gold generally is flat and doesn't pay dividends, or interest, etc.
And I thought Crypto was a gamble people took when they had extra money to invest and could offset crypto losses through diversification.
Im probably gonna invest a couple thousand dollars and when it goes to over $20k and seems to have hit a peak, sell and then wait for it to crash again before reinvesting. It's pretty volatile but that is good if you are looking for a quick buy and sell oppurtunity, but like mentioned above, it is unlikely to be used widely by the public for a long time if ever.
I saw no less than seven bit coin ads on youtube today which leads me to beleive that who ever is paying for them isn't super confident about the price continuing to rise or they wouldn't be wasting money on advertising.
I'm not saying you shouldn't put money in, I'm just saying if you do, you might wanna pull your money out sooner than 20k. Yes, it hit that number before, but now it is an arbitrary number. You might be better off putting in some money, if it increases pull a portion out to protect yourself a little, and let the rest ride.
I was watching the Bitcoin charts live this afternoon when in mere seconds Bitcoin dropped almost $2k to $11,600 before slowly rebounding about $1k. The falls are always faster than the rises. It's tough to not get emotional and not panic, but just wait until the dust settles.
I was watching the Bitcoin charts live this afternoon when in mere seconds Bitcoin dropped almost $2k to $11,600 before slowly rebounding about $1k. The falls are always faster than the rises. It's tough to not get emotional and not panic, but just wait until the dust settles.
I was watching the Bitcoin charts live this afternoon when in mere seconds Bitcoin dropped almost $2k to $11,600 before slowly rebounding about $1k. The falls are always faster than the rises. It's tough to not get emotional and not panic, but just wait until the dust settles.
What price did you end up buying in at?
I bought in right before the correction, ironically. The sad part is I was going to buy early this morning, and I got delayed by some things that came up through my day. It doesn't matter though, since I'm prepared to hold on for a while. I expect that over the next couple of months we will see a rise that will possibly meet and maybe even surpass the nov 2017 high water mark. And long term I think bitcoin is a super safe bet because fiat currency is becoming more and more unreliable as inflation keeps happening and the fed keeps printing money. We could one day see a $100,000 bitcoin.
The problem I see going long is that holding bitcoin doesn't offer dividends or interest, the only way to make money is by selling. So if something happens, say the interest rate increases and the cost of borrowing becomes more expensive or a recession happens and people need cash, this will be one of the first investments big money liquidate because it doesn't have any immediate value, its speculative, hoping that the underlying tech creates value in the future.
The problem I see going long is that holding bitcoin doesn't offer dividends or interest, the only way to make money is by selling. So if something happens, say the interest rate increases and the cost of borrowing becomes more expensive or a recession happens and people need cash, this will be one of the first investments big money liquidate because it doesn't have any immediate value, its speculative, hoping that the underlying tech creates value in the future.
All that being said, I'll be rooting for you.
I'm with you. Crypto shows no reason to be invested in or to be a part of a portfolio. I wouldn't invest in any currency, crypto or not. They're fun to trade but long term holds have to be made with a ton of analysis.
The problem I see going long is that holding bitcoin doesn't offer dividends or interest, the only way to make money is by selling. So if something happens, say the interest rate increases and the cost of borrowing becomes more expensive or a recession happens and people need cash, this will be one of the first investments big money liquidate because it doesn't have any immediate value, its speculative, hoping that the underlying tech creates value in the future.
All that being said, I'll be rooting for you.
As time goes on I believe a lot of institutions will adopt Bitcoin as an alternative buy/sell currency. People are losing faith in the central banks and in Fiat currency. In 10 years, I believe crypto will become just as relevant if not more than USD. So for the long term, I think investing in crypto makes a lot of sense. For the short term it is mostly a grab in the hopes of making USD.
The concept is great, the technology is amazing, but the product is damaged.
The powers that be will not allow a truly decentralized currency to exist, plain and simple. Blockchain May be the future, but Bitcoin will analogous to stones and pelts.
Of course, that doesn't mean there isn't *actual* money to be made until then with it.
The concept is great, the technology is amazing, but the product is damaged.
The powers that be will not allow a truly decentralized currency to exist, plain and simple. Blockchain May be the future, but Bitcoin will analogous to stones and pelts.
Of course, that doesn't mean there isn't *actual* money to be made until then with it.
The powers that be have no control over it and cannot regulate it. It is a currency that cannot be manipulated. So if the corperations hop on board, then central banks will have no choice but to adopt it themselves. I think bitcoin is here to stay.
Bitcoin is not truly decentralized, at least not anymore.
The advent of cryptoexchanges completely destroyed the concept of decentralization by literally centralizing bitcoin by pooling them all together.
It is a perfect analogy to compare it to fiat currency. Someone else is in possession of your bitcoin and gives you a webpage saying you have x amount, exactly like how in the old days someone would hold your gold/silver and give you a piece of paper (fiat) saying you have this much.
Cold storage, modern or old fashion (under the mattress) is no better either, because the market is still measured in fiat ($100,000 USD bitcoin....)
I was watching the Bitcoin charts live this afternoon when in mere seconds Bitcoin dropped almost $2k to $11,600 before slowly rebounding about $1k. The falls are always faster than the rises. It's tough to not get emotional and not panic, but just wait until the dust settles.
Well, if it makes you feel any better you can buy it another 1,000 cheaper today at $10,300.
Comments
2010 to 2019 was a heck of a ride. I paid off a house, kickstarted my gaming habit and selling my last BTC was used to pay for my kids private education for the coming year.
I see it skyrocketing and I have no regrets for getting out. I was (and still kind of am) completely sold on the eye of currency that operates on distributed system which no on person governs but 9 years ago, no on had any clue how things would turn out.
I agree, and did in 2010, that BTC was trash and crypto would need to evolve. In fact, looking at his former conversations, you could argue Satoshi felt that way.
Regardles, I'm out (for now.). If I ever comeback, I'm gonna start fresh and maaaaybe reinvent crypto from the ground up, much like iota but using a slightly different approach and non of that junk like sidechains or deterministic transactions or whatever it is Etheruem has done.
But, I like to dream. I don't think I'll ever build my own coin. There's a lot involved and I don't have the time but it's been a fun mental project for the past many years.
Hong Kong vs China, US vs Iran, and India vs Pakistan....all of which are big gold investing countries...also the Saudi/Yemeni war, and Syrian civil war is still going on but I guess they're slowing down making it not "news" so no one cares about them.
Bitcoin makes little sense other than Facebooks announcement about their own crypto...I still have no faith in a currency based solely around speculation though.
Rumors of war and terror historically cause gold to move. We have three major political threats right now.
Hong Kong vs China, US vs Iran, and India vs Pakistan....all of which are big gold investing countries...also the Saudi/Yemeni war, and Syrian civil war is still going on but I guess they're slowing down making it not "news" so no one cares about them.
Bitcoin makes little sense other than Facebooks announcement about their own crypto...I still have no faith in a currency based solely around speculation though.
To be fair though we, the U.S., are in a constant state of war, so I am not sure how direct that correlation is. I thought that gold went up in times of economic confusion because of its intrinsic value. When people are not sure where to put their money they can feel more confortable with gold because it always has value. Gold is lower when the are other reliable investments because gold generally is flat and doesn't pay dividends, or interest, etc.
And I thought Crypto was a gamble people took when they had extra money to invest and could offset crypto losses through diversification.
The Real Reason Bitcoin, Ethereum, Ripple's XRP, And Litecoin Suddenly Rocketed?
https://www.forbes.com/sites/billybambrough/2019/06/23/the-real-reason-bitcoin-ethereum-ripples-xrp-and-litecoin-suddenly-rocketed/
I'm not saying you shouldn't put money in, I'm just saying if you do, you might wanna pull your money out sooner than 20k. Yes, it hit that number before, but now it is an arbitrary number. You might be better off putting in some money, if it increases pull a portion out to protect yourself a little, and let the rest ride.
I was watching the Bitcoin charts live this afternoon when in mere seconds Bitcoin dropped almost $2k to $11,600 before slowly rebounding about $1k. The falls are always faster than the rises. It's tough to not get emotional and not panic, but just wait until the dust settles.
What price did you end up buying in at?
I was watching the Bitcoin charts live this afternoon when in mere seconds Bitcoin dropped almost $2k to $11,600 before slowly rebounding about $1k. The falls are always faster than the rises. It's tough to not get emotional and not panic, but just wait until the dust settles.
What price did you end up buying in at?
I bought in right before the correction, ironically. The sad part is I was going to buy early this morning, and I got delayed by some things that came up through my day. It doesn't matter though, since I'm prepared to hold on for a while. I expect that over the next couple of months we will see a rise that will possibly meet and maybe even surpass the nov 2017 high water mark. And long term I think bitcoin is a super safe bet because fiat currency is becoming more and more unreliable as inflation keeps happening and the fed keeps printing money. We could one day see a $100,000 bitcoin.
All that being said, I'll be rooting for you.
The problem I see going long is that holding bitcoin doesn't offer dividends or interest, the only way to make money is by selling. So if something happens, say the interest rate increases and the cost of borrowing becomes more expensive or a recession happens and people need cash, this will be one of the first investments big money liquidate because it doesn't have any immediate value, its speculative, hoping that the underlying tech creates value in the future.
All that being said, I'll be rooting for you.
I'm with you. Crypto shows no reason to be invested in or to be a part of a portfolio. I wouldn't invest in any currency, crypto or not. They're fun to trade but long term holds have to be made with a ton of analysis.
The problem I see going long is that holding bitcoin doesn't offer dividends or interest, the only way to make money is by selling. So if something happens, say the interest rate increases and the cost of borrowing becomes more expensive or a recession happens and people need cash, this will be one of the first investments big money liquidate because it doesn't have any immediate value, its speculative, hoping that the underlying tech creates value in the future.
All that being said, I'll be rooting for you.
As time goes on I believe a lot of institutions will adopt Bitcoin as an alternative buy/sell currency. People are losing faith in the central banks and in Fiat currency. In 10 years, I believe crypto will become just as relevant if not more than USD. So for the long term, I think investing in crypto makes a lot of sense. For the short term it is mostly a grab in the hopes of making USD.
The concept is great, the technology is amazing, but the product is damaged.
The powers that be will not allow a truly decentralized currency to exist, plain and simple. Blockchain May be the future, but Bitcoin will analogous to stones and pelts.
Of course, that doesn't mean there isn't *actual* money to be made until then with it.
Bitcoin itself will ultimately not survive.
The concept is great, the technology is amazing, but the product is damaged.
The powers that be will not allow a truly decentralized currency to exist, plain and simple. Blockchain May be the future, but Bitcoin will analogous to stones and pelts.
Of course, that doesn't mean there isn't *actual* money to be made until then with it.
The powers that be have no control over it and cannot regulate it. It is a currency that cannot be manipulated. So if the corperations hop on board, then central banks will have no choice but to adopt it themselves. I think bitcoin is here to stay.
The advent of cryptoexchanges completely destroyed the concept of decentralization by literally centralizing bitcoin by pooling them all together.
It is a perfect analogy to compare it to fiat currency. Someone else is in possession of your bitcoin and gives you a webpage saying you have x amount, exactly like how in the old days someone would hold your gold/silver and give you a piece of paper (fiat) saying you have this much.
Cold storage, modern or old fashion (under the mattress) is no better either, because the market is still measured in fiat ($100,000 USD bitcoin....)
It isn't paypal.
By the time your payment for a coffee would clear the coffee would be cold.
I was watching the Bitcoin charts live this afternoon when in mere seconds Bitcoin dropped almost $2k to $11,600 before slowly rebounding about $1k. The falls are always faster than the rises. It's tough to not get emotional and not panic, but just wait until the dust settles.
Well, if it makes you feel any better you can buy it another 1,000 cheaper today at $10,300.