Bitcoin at an all time high. When we hitting $100k?

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concernedLMAO
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#1
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#1
Discuss.
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kyungsoo
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#2
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#2
when i finish this bowl of pasta
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hungrysalamander
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#3
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#3
Should've bought some in May. I'm an idiot.
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concernedLMAO
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#4
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#4
(Original post by hungrysalamander)
Should've bought some in May. I'm an idiot.
In 2030 when it's $1 mil a coin:

"Should've bought some in 2021 when it was $100k. I'm an idiot."
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hungrysalamander
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#5
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#5
(Original post by concernedLMAO)
In 2030 when it's $1 mil a coin:

"Should've bought some in 2021 when it was $100k. I'm an idiot."
Haha true. I'm always scared to buy as idk how to predict the market and complain about not buying when it goes up.
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Reality Check
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#6
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#6
(Original post by concernedLMAO)
Discuss.
Probably a day before we hit $1
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concernedLMAO
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#7
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#7
(Original post by Reality Check)
Probably a day before we hit $1
What's your money in?

It's not as good as it was but I don't think there's much better at the moment.
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Black Cat
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#8
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#8
ETH hitting $10k first
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Reality Check
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#9
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#9
(Original post by concernedLMAO)
What's your money in?

It's not as good as it was but I don't think there's much better at the moment.
Land, mainly.
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artful_lounger
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#10
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#10
Based on its volatility you may as well just play the lottery. Which also pays you liquid funds as opposed to crypto which is not actually that widely accepted for buying anything of value as long term investments that you might want to channel that value into...
Last edited by artful_lounger; 1 month ago
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concernedLMAO
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#11
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#11
(Original post by Reality Check)
Land, mainly.
Never heard of anyone holding just pure land without housing on it before, I suppose at least you're not going to have to deal with idiotic tenants with normal real estate. Hope it works out well for you.
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artful_lounger
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#12
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#12
(Original post by concernedLMAO)
Never heard of anyone holding just pure land without housing on it before, I suppose at least you're not going to have to deal with idiotic tenants with normal real estate. Hope it works out well for you.
RC probably does mean with property on it ..alhough even without its hardly unusual. Most of the colleges at Cambridge and Oxford own a lot of land (both residential and otherwise) as part of their endowments...because it's a non-volatile long term investment (unlike crypto which implodes every other month) to grow their endowments...
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concernedLMAO
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#13
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#13
(Original post by artful_lounger)
Based on its volatility you may as well just play the lottery. Which also pays you liquid funds as opposed to crypto which is not actually that widely accepted for buying anything of value as long term investments that you might want to channel that value into...
Typical pea brain response. Assuming you're 18-30 you've won the biggest lottery there is, educate yourself on crypto and cash that ticket it.
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artful_lounger
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#14
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#14
(Original post by concernedLMAO)
Typical pea brain response. Assuming you're 18-30 you've won the biggest lottery there is, educate yourself on crypto and cash that ticket it
Typical crypto nonsense response :rolleyes:
Last edited by artful_lounger; 1 month ago
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the bear
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#15
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#15
it will end in tears

:yep:
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Kernel_Coder
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#16
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#16
If it follows the previous cycle, it could hit 100K by December before a mass sell off in February some time. The ETF news is the reason for the latest pump. I suspect there will be less selling pressure come February this time though. Last time it was lots of inexperienced investors YOLO'ing in late 2017. This time, people know what happens if you hold, and everyone who purchased BTC between 2017-2019 has seen anywhere between 3-20X gains. I don't think there will be much selling when the potential for that to repeat in 2.5 years is on the cards (halving hype always begins just before the actual halving).
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concernedLMAO
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#17
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#17
(Original post by the bear)
it will end in tears

:yep:
How many years you been saying this now?

I'm worth $700k in my early twenties. How much money have you got?
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concernedLMAO
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#18
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#18
(Original post by Kernel_Coder)
If it follows the previous cycle, it could hit 100K by December before a mass sell off in February some time. The ETF news is the reason for the latest pump. I suspect there will be less selling pressure come February this time though. Last time it was lots of inexperienced investors YOLO'ing in late 2017. This time, people know what happens if you hold, and everyone who purchased BTC between 2017-2019 has seen anywhere between 3-20X gains. I don't think there will be much selling when the potential for that to repeat in 2.5 years is on the cards (halving hype always begins just before the actual halving).
Yeah this is what I'm expecting as well. $100k by end of year and a drop shortly afterwards, but not of the magnitude we've seen previously
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NonIndigenous
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#19
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#19
Bitcoin is insanely volatile, but fundamentally works on same principles as any other currency does. Albeit, it is not regulated, hence it's volatility.

A currency's fluctuations in value broadly depend on the strength of the economy it represents. As the economy grows, the value/purchasing power of its currency does too.

So, what about the black market? All the trade that happens, either illicitly and in direct breach of laws, or just outside of the scope of those laws but not technically illegal?

I believe the rise in value of all these currencies like Bitcoin and other cryptocurrencies, in some way represents the value of these 'hidden markets' and hidden economies. It's difficult to prove, because these markets aren't subject to the same monitoring and measurement by our governments.

There's a slight irony in it, that I know some fairly left-leaning people who are into bitcoin and such things, because they apparently are against our current economic systems, and generally advocate for more government control of private enterprise, whilst simultaneously buying into currencies that represent the most 'free market' type economy that has ever existed on such a scale. It doesn't sound like all their cogs are spinning the same direction.
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the bear
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#20
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#20
(Original post by concernedLMAO)
How many years you been saying this now?

I'm worth $700k in my early twenties. How much money have you got?
sigh i am so jealous of your magic beans
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