The Bitcoin Thread

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RaptorSA said:
For something that grew 436% in a year I'd be more worried if the price didn't fall.
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The general public didn't even know Bitcoin existed until it became news a couple months ago. So last years price and return since then means very little as only a minute portion of people held any significant amount of Bitcoin back then.
 
SaiyanZ said:
The general public didn't even know Bitcoin existed until it became news a couple months ago. So last years price and return since then means very little as only a minute portion of people held any significant amount of Bitcoin back then.
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You're right, last year's price increase means very little compared to the coin rush that's going to start once general public buy-in and usage takes off.
Supply and demand... Therefore: BUY BUY BUY HOLD HOLD HOLD.

The issue right now is the volatility because of the tiny market cap compared to any other asset, it's holding us back from actually using it the way it's intended to be used. China sneezes, coin goes crazy.
Luckily it also makes for a great long term investment, purely because people think it does and it's essentially the poster child for the first time humanity has solved the double spending problem on a global digital network.
Therefore, again, buy buy buy hold hold hold.
Crypto's here to stay, and BTC is the head of the spear.
 
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SaiyanZ said:
Just interesting following this thread and watching all the "buy, buy" and "hold, hold" going on whilst the price remains flat for weeks and now tanks.
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Because holders have a long timeline, years long.

For these guys anything under $10k is cheap if bitcoin gets as big as they think will.





I may harbour such sentiments as well. :whistle:
 
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Fun fact, no one has a fricken clue what’s going to happen.
 
3lOH55A said:
99ffbe1062202c91d04754faf5509504.jpg


Fun fact, no one has a fricken clue what’s going to happen.
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And this ^
No-one really knows, but for me it's very much a "belief in potential" kind of thing.
A solution to a very, very big problem ...and good solutions that work tend to stick around.
 
balrog said:
You have to obviously manage your risks and only invest as much as you can afford to lose. If people want to do stupid things, nobody can stop them. Also don't FOMO.
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I only started trading crypto recently, and only did it because I found out you could trade with less money than what "professional" companies have all asked for. I'll put it straight: I've lost almost 20% of my investment, and according to my own trading rules I should sell out and wait for the bottom (I'm not going to because I'm stupid, and don't want to spend the time watching for the dip). This will probably mean that I'll loose even more.

So there is only one reason I'm still happy with this entire experience, and that is the quote above. I've learnt more in 3 months than I could have paid for with the money I have in. This was all I was willing to loose. Hell trading crypto may even have made me a more patient person, it defiantly improved my programming, and finally did what I set out to do -> get crypto and learn how (not) to trade :wtf:.

I've set my alerts, and if the price ever (It should eventually for BTC) goes back up to my break even I'll sell, and play some more. I hope everyone else on the forums is o.k and wish you all the best!
 
RaptorSA said:
You're right, last year's price increase means very little compared to the coin rush that's going to start once general public buy-in and usage takes off.
Supply and demand... Therefore: BUY BUY BUY HOLD HOLD HOLD.

The issue right now is the volatility because of the tiny market cap compared to any other asset, it's holding us back from actually using it the way it's intended to be used. China sneezes, coin goes crazy.
Luckily it also makes for a great long term investment, purely because people think it does and it's essentially the poster child for the first time humanity has solved the double spending problem on a global digital network.
Therefore, again, buy buy buy hold hold hold.
Crypto's here to stay, and BTC is the head of the spear.
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Well said.

What most people don't realise, is that BTC is to money, what e-mail is to snail-mail, what the internet is to Libraries/newspapers/magazines. It is a NEW WAY of doing things. It cannot be put into the same box as traditional financial markets. it is a GAME CHANGER. The fact that you can send money to someone you do not know, over the internet, is an AMAZING thing. Like nobody will ever go back to snail-mail, so nobody will go back to traditional banking/financials once Bitcoin/Crypto becomes embedded in our daily lives - and it is coming.

You are all still EARLY ADOPTERS - BTC can only go up from here ( I am talking not short term within a month, there will be dips/crashes - I am talking 5-10 years). This is an opportunity of a lifetime, don't let it pass you buy. Just buy what you can afford to lose. It is a better gamble than most other options out there.... But you must make up your own mind, and yes, it is scary, because nobody knows the future...
 
SaiyanZ said:
Throwing cash at something and losing 25% almost immediately isn't smart. If you have cash to waste then fine. I feel sorry for people who jumped on the hype train and spent their life savings when the price was over $4000. Not many people would have managed to buy in when the price was around $2000.
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Lesson? Don't be greedy.
 
SaiyanZ said:
Just interesting following this thread and watching all the "buy, buy" and "hold, hold" going on whilst the price remains flat for weeks and now tanks.
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This is a forum. People throw their opinions around. Please don't make financial decisions based on other people's opinions in a forum. Do your own homework. Own your decisions.
 
I've watched coinmarketcap overall volume go from $135Billion yesterday, down to $118Billion just an hour ago and now back to 121Billion, maybe some buy back happening.
 
dj2381 said:
I've watched coinmarketcap overall volume go from $135Billion yesterday, down to $118Billion just an hour ago and now back to 121Billion, maybe some buy back happening.
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US markets... and price is better for buy IMO.
 
Kabraal said:
Hope it drop further. I want 1.0000 btc exactly
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Same, gotta just hope it drops low enough to grab before it spikes again. Going to set up a purchase order on the low and see what bites.
 
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