Bitcoins worth more than gold

[scobienz]

I think that's fair enough. People have tried to engage with him on the subject enough, but when you simply revert to posting memes and shit it's clear what his agenda is.

[Scranter]

Bitcoin users best skill is spending their days online, searching, creating and sharing hundreds of memes, spurious articles (usually published only in cryto journals) and bonafides to then share on forums like this, in a desperate attempt to find other fools to get into it to drive up the price.

It reminds me of John MacAfee's claim in 2017 that if the bitcoin price didn't reach $500,000 by 2020, he would eat his own dick.

It hasnt. And he hasn't.

Instead, he admitted in an interview last month that it was all nonsense that he made such predictions simply to lure other people in.

yes, that.

tho there is some sense in the propaganda.

nothing ever succeeds without effective propaganda....

Ok. Try thinking critically.

Consider the following:

1. Bitcoin cannot be shut down - like torrents can't be stopped or shut off
2. As the asset with the lowest inflation, Bitcoin will dominate the "store of value" function of the entire world in a few decades
3. This is inevitable.
4. Due to the limited supply of 21,000,000 Bitcoins, the price of each BTC will continue to increase until 1 BTC = > $10M USD PER COIN (give it 2-3 decades)
5. K440ers members that understand this can choose to enrich themselves by the simple task of buying some Bitcoins and holding them long term.

That's all. Once you see it you can't unsee it. Excuse the enthusiasm.

I know the memes can grow tiresome but a picture is worth a thousand words.



on the prize

[ryzom]

yea, i do think critically and me thinking critically thinks it's all heavily manipulated with an agenda.

if you dig a little deeper, you'll come across some very, very shady characters behind it.

but anyway, i am not trying to convince anybody...

[Scranter]

[scobienz]

Well, now you put it like that, I am totally convinced.

[spitthedog]

Bongs,

Surely you only need to understand what Bitcoin is generally used for, rather than the technology behind it?

-A vehicle for criminal activity.

[Scranter]

17 November 2020

1 BTC = $17,322 USD

[Scranter]

21 December 2020

1 BTC = $23,995 USD

[1984]

It does seem to be on a street but that is a dumb image.

[Scranter]

Sunday December 27, 2020

1 BTC = $27,600 USD

[Guru Meditation]

Sunday December 27, 2020

1 BTC = $27,600 USD

You below don't point specifically towards the quoted poster, more towards the general concept of predicting stock changes in a way that mostly focuses on telling other people that they are misguided, and should be mocked.

This has been a fundamental fact since stocks were first traded. If a stock is increasing in value in what seems to be a non-sustainable way, most likely it will collapse at some point.

In a few relatively rare cases, in the end, the high value remains either for a long time or becomes a new stable condition. Apple for example.

If you luck out and opt-in whilst it is rising, and sell before it goes down, then you make a profit, the later you enter a quick rizer, the less likely it is that you will profit. But only history can tell what was the peak in any given case.

So, hoping for stocks to collapse is kind of pointless, there is no benefit in it for you unless you are shorting them. That other people get hurt by it is a shame for them, but shouldn't be a source of joy for you. Wishing misfortune on others is kind of a negative thing, and is not something one should pursue.

You might avoid investing yourself, or recommend others to get out, but if they don't follow your advice, it's not to be seen as they are per definition stupid. They made a different analysis, and if you think it is misguided, mocking them won't help them or benefit you. You might steer your own investment to benefit from the change you predict, but even if you are right, why look down on people that predicted a different outcome? You earned money from their bad choices, shouldn't that be enough?

If you feel it is your obligation to share a conclusion, offering your prediction in a helpful way if they indicate interest in hearing it, and still accepting that it is their choice where to go seems to be a more moral approach.

[GoldisOld]

Sunday December 27, 2020
1 BTC = $27,600 USD

Sure, the current rally is a bit steep and might fall back to support around 20k. However if history repeats itself the bullrun has hardly started. This time is different from 2017, big players are buying up the Bitcoin supply. Retail investors have not followed yet like in the 2017 rally. When they come it is time to pull out some profits or go into bear mode

If the model holds a top is expected somewhere in 2021 / 2022.
Src: https://digitalik.net/btc/

[Btc raider]

Thetes not really ever going to be 21m btc.

It hasnt been around long enough for btc holders to die off in numbers.

The btc holders that have died off and not bequeathed their wallets and wallet keys have consigned their btc to cyber black holes.

Queue the exchange raiders, how many big raids can btc withstand as we havent seen the last of them.

When the bubble pops its going to be ugly.

[Scranter]

1 btc = $29,345 USD