Bitcoin - Part 3 - Page 21

psionl0 · 24th November 2020, 08:24 AM

19350.

novaphile · 27th November 2020, 03:02 PM

17,076

Wheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee ee!

novaphile · 27th November 2020, 03:05 PM

Quote:

Bitcoin slumped further through the Thanksgiving holiday as intense profit-taking dragged on prices.

The world's most popular cryptocurrency has tumbled as much as 5.9%, to $16,242.70, over the past 24 hours.

The slump was Bitcoin's biggest since the coronavirus pandemic slammed markets in March, and it reversed the weeks-long rally that placed the token within a hair of its record high.

Other cryptocurrencies including Ethereum and XRP were caught in the sell-off and sank as well.

https://markets.businessinsider.com/...-11-1029844889

Roger Ramjets · 27th November 2020, 10:16 PM

Originally Posted by novaphile

https://markets.businessinsider.com/...-11-1029844889

Quote:

The world's most popular cryptocurrency has tumbled as much as 5.9%, to $16,242.70, over the past 24 hours.

That's nothing for Bitcoin, a mere blip that could easily reverse itself tomorrow.

Some call it 'digital gold', but it isn't really a commodity - and with this volatility it's unlikely to see widespread application as a currency. So what's left? Speculation.

Bitcoin is ideal for making money out of nothing, if you are skilled or lucky enough to beat the other fools. They keep putting money into the pot thinking they will all be winners, but as Bitcoin doesn't create wealth it's a zero sum game. For every 'investor' who gains, others lose, and the price goes up and down according to what they collectively imagine it is worth. Bitcoin's volatility is a hindrance to its original purpose, but speculators love it. The only thing that would damp their enthusiasm would be if it became stable, and then they would have to move on to something else.

Some other cryptocurrencies are more useful and some are more volatile, but none have 'gone to the Moon' like Bitcoins has. Why is this so if they are 'technically' superior? Two reasons:-

1. less 'brand recognition' and lower loyalty. Bitcoin is the original, no others can compare!

2. They haven't got as much money in the pot. Even though you could make just as much trading in other 'coins', Bitcoin has the psychological edge because each one is 'worth' so much.

Apart from that it's got nothing, but psychology is everything in this market...

psionl0 · 27th November 2020, 10:23 PM

ChrisBFRPKY · 27th November 2020, 11:34 PM

New article will be coming out Sunday about Coinbase. Something about their treatment of Blacks and allegations of racism at Coinbase.

The_Animus · 7th December 2020, 11:55 AM

Originally Posted by Roger Ramjets

That's nothing for Bitcoin, a mere blip that could easily reverse itself tomorrow.

Indeed, it fell for a short period but is back to what it was before the dip.

Quote:

Bitcoin's volatility is a hindrance to its original purpose, but speculators love it.

True but it's still useful for buying and selling. The volatility is pretty easily mitigated for the buyer by only buying as much bitcoin as you need and then using it to make your purchase right away. More of an issue for the seller unless they regularly convert back to fiat currency. Even if it dips you can usually just wait a bit and it'll come back. Tough if you have a cash flow issue and need the money though.

Samson · 11th December 2020, 02:17 AM

Crypto currencies should not show capital gain if serving the next world.

psionl0 · 11th December 2020, 07:25 PM

Originally Posted by Samson

Crypto currencies should not show capital gain if serving the next world.

Crypto currencies are just digital assets. There is no rule saying how they are to be traded nor what purpose (or world) they should serve.

ChrisBFRPKY · 16th December 2020, 09:51 AM

$20,899.00 a few minutes ago.

Roger Ramjets · 16th December 2020, 11:44 AM

Originally Posted by The_Animus

True but it's still useful for buying and selling. The volatility is pretty easily mitigated for the buyer by only buying as much bitcoin as you need and then using it to make your purchase right away.

Then what's the point? Easier, cheaper, and safer to just use the currency you already have.

Originally Posted by ChrisBFRPKY

$20,899.00 a few minutes ago.

How high will it go? Has it peaked already? Don't wait too long to sell...

Dr.Sid · 16th December 2020, 11:50 AM

Well .. pornhub stopped accepting cards (or rather cards stopped accepting pornhub) and only way to pay is crypto now. Might actually be just starting.

psionl0 · 16th December 2020, 04:26 PM

Originally Posted by ChrisBFRPKY

$20,899.00 a few minutes ago.

Bummer! It happened while I was asleep. I wanted to be the one to report when the price broke the $20K barrier.

Just for laughs, I reviewed some of the posts from 2 - 3 years ago. The number of posters who authoritatively said that this will NEVER EVER happen is hilarious.

trustbutverify · 16th December 2020, 04:53 PM

Originally Posted by psionl0

Bummer! It happened while I was asleep. I wanted to be the one to report when the price broke the $20K barrier.

Just for laughs, I reviewed some of the posts from 2 - 3 years ago. The number of posters who authoritatively said that this will NEVER EVER happen is hilarious.

Going down that rabbit hole could lead to unintentionally hilarious chaos.

ChrisBFRPKY · 16th December 2020, 04:55 PM

Originally Posted by psionl0

Bummer! It happened while I was asleep. I wanted to be the one to report when the price broke the $20K barrier.

Just for laughs, I reviewed some of the posts from 2 - 3 years ago. The number of posters who authoritatively said that this will NEVER EVER happen is hilarious.

A new first---- over 21K now! $21,378.00

The_Animus · 16th December 2020, 09:20 PM

Originally Posted by Roger Ramjets

Then what's the point? Easier, cheaper, and safer to just use the currency you already have.

The point is that sometimes it is actually easier, cheaper, and safer to use bitcoin.

ChrisBFRPKY · 17th December 2020, 09:38 AM

$23,628

ChrisBFRPKY · 17th December 2020, 12:16 PM

The Money Fairy is back in town. From past experience I can confidently say her stay is not set in stone. You can ignore her, again if you choose, or you can get some. No one can say they were not told.

Dr.Sid · 17th December 2020, 03:30 PM

Originally Posted by ChrisBFRPKY

The Money Fairy is back in town. From past experience I can confidently say her stay is not set in stone. You can ignore her, again if you choose, or you can get some. No one can say they were not told.

Well .. ATH is exactly when you should ignore. Wait till it falls to 3k again.

ChrisBFRPKY · 17th December 2020, 09:09 PM

Originally Posted by Dr.Sid

Well .. ATH is exactly when you should ignore. Wait till it falls to 3k again.

Buying in at BTC ATH for holding is silly, but riding those $1000+ swings is great.

For those that do not own BTC, there are several Alts that are also bouncing ATM and some real bargains ATM. Today has been very good for making money from crypto in general. Volatility of this type only comes around every now and then. Soon we'll be back to horizontal lines and brief hiccups.....Not much money in those.

p0lka · 19th December 2020, 07:05 PM

Originally Posted by ChrisBFRPKY

The Money Fairy is back in town. From past experience I can confidently say her stay is not set in stone. You can ignore her, again if you choose, or you can get some. No one can say they were not told.

Buying to hold would be daft atm.

psionl0 · 19th December 2020, 08:04 PM

Originally Posted by p0lka

Buying to hold would be daft atm.

History shows that whenever there has been a major bubble, the price peaked at many times its previous peak and even when the price crashed afterwards, it didn't fall below the previous peak.

If you can afford to gamble then "buy and hold" is a reasonable consideration. Also, buy and sell at 2 or 3 times your purchase price has a reasonable chance of succeeding.

Tippit · 20th December 2020, 09:09 AM

Originally Posted by psionl0

Bummer! It happened while I was asleep. I wanted to be the one to report when the price broke the $20K barrier.

Just for laughs, I reviewed some of the posts from 2 - 3 years ago. The number of posters who authoritatively said that this will NEVER EVER happen is hilarious.

What's sad, and not at all hilarious, are the number of people who have no clue that this is about the destruction of the US dollar.

Dr.Sid · 20th December 2020, 12:08 PM

Originally Posted by Tippit

What's sad, and not at all hilarious, are the number of people who have no clue that this is about the destruction of the US dollar.

Why dollar ? Why not Euro ? Why not yuan ?

trustbutverify · 20th December 2020, 01:56 PM

Originally Posted by Tippit

What's sad, and not at all hilarious, are the number of people who have no clue that this is about the destruction of the US dollar.

You might not be the ideal candidate to be throwing that insult around.

psionl0 · 20th December 2020, 06:57 PM

Originally Posted by Tippit

What's sad, and not at all hilarious, are the number of people who have no clue that this is about the destruction of the US dollar.

Can you elaborate on that?

So far I have only seen kooks make that claim and none of them have been able to explain how.

ChrisBFRPKY · 23rd December 2020, 09:48 PM

DNT pump on Coinbase Pro running again now if anyone's interested.

ChrisBFRPKY · 25th December 2020, 04:48 AM

BTC testing $25K. $24,600 a few minutes ago.

ChrisBFRPKY · 26th December 2020, 10:50 AM

BTC testing $26K. $25,777 a few minutes ago.

Tippit · 27th December 2020, 10:18 AM

Originally Posted by psionl0

Can you elaborate on that?

So far I have only seen kooks make that claim and none of them have been able to explain how.

The evidence, is that asset prices in dollars are skyrocketing everywhere, almost without exception, including bitcoin. What do you think this represents if nothing less than the debasement of the dollar?

If some asset prices somewhere were to rise, and some were to fall correspondingly, then maybe it wouldn't be so obvious. But asset prices have done nothing but rise across the board, from debt to equity, to speculative assets like bitcoin.

psionl0 · 27th December 2020, 07:04 PM

Originally Posted by Tippit

The evidence, is that asset prices in dollars are skyrocketing everywhere, almost without exception, including bitcoin. What do you think this represents if nothing less than the debasement of the dollar?

That's a few rungs lower than "destruction" of the US dollar.

I know that we have perpetual inflation - made necessary by politicians who don't want to live within the government's means. If they had to explain where the money was coming from then their pork barreling would not be so effective. Much better to use the invisible hand of inflation to finance their profligacy. That's why the politicians (and their paid economists) all say this is a good thing.

I thought you were saying that bitcoin would somehow put an end to the US dollar.

ChrisBFRPKY · 2nd January 2021, 12:54 AM

BTC testing $30K. $29,918 a few minutes ago.

psionl0 · 2nd January 2021, 07:36 AM

Originally Posted by ChrisBFRPKY

BTC testing $30K. $29,918 a few minutes ago.

Bitcoin shot past the $30K barrier in the last couple of hours and if past bubbles are any indicator, this might only be the beginning.

ChrisBFRPKY · 2nd January 2021, 10:19 PM

BTC $34K now on Coinbase.

trustbutverify · 2nd January 2021, 10:30 PM

Just a small detour on its way to zero.

ChrisBFRPKY · 3rd January 2021, 01:09 AM

Looks like another DNT pump getting set up on Coinbase if anyone's interested. Could begin any minute now. My guess is 2:30 am start. CST*

psionl0 · 3rd January 2021, 01:22 AM

Originally Posted by trustbutverify

Just a small detour on its way to zero.

Are you really going to stick your neck out like this after the thorough humiliation of the people who were posting here 2-3 years ago?

a_unique_person · 3rd January 2021, 01:53 AM

Originally Posted by Roger Ramjets

One thing you can be sure of with Bitcoin is that the price is never 'steady'. Short-term price variations are impossible to predict with any degree of certainty, due to the unpredictable behavior of bitcoiners who are driven by sentiment rather than fundamentals.

But that doesn't matter. The important thing is that we are coming up on 3 years since the last peak and still 50% down, and every day closer to seeing John McAfee eat his own dick on live TV!

Or perhaps not.

John McAfee No Longer Willing to Eat His Dick on TVNot that stupid to believe what, John? That Bitcoin will reach $1 million? That you have any idea what you are talking about? But you expected them to swallow the ruse...

But hey, it might happen, right?

Well something extraordinary did happen, which should have immensely favored Bitcoin. But widespread adoption as a currency still eludes it, and it is still too volatile to be a reliable asset. What will it take to propel Bitcoin to the Moon?

It is no longer a transactional currency. Transaction times are too slow for that and can never be quick enough. It just exists now because it was first and is more regarded as being valuable in itself. It has an inertia and an infrastructure base that no other CC has ever achieved.

ChrisBFRPKY · 3rd January 2021, 03:20 AM

Originally Posted by novaphile

17,076

Wheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee ee!

Wow. This post was the 27th of November. Fast forward a few days over a month since then and some quick math:

17,076 X 2 = $34,152

BTC was at $34,817 just a couple of hours ago.

a_unique_person · 3rd January 2021, 03:42 AM

Originally Posted by Roger Ramjets

That's nothing for Bitcoin, a mere blip that could easily reverse itself tomorrow.

Some call it 'digital gold', but it isn't really a commodity - and with this volatility it's unlikely to see widespread application as a currency. So what's left? Speculation.

Bitcoin is ideal for making money out of nothing, if you are skilled or lucky enough to beat the other fools. They keep putting money into the pot thinking they will all be winners, but as Bitcoin doesn't create wealth it's a zero sum game. For every 'investor' who gains, others lose, and the price goes up and down according to what they collectively imagine it is worth. Bitcoin's volatility is a hindrance to its original purpose, but speculators love it. The only thing that would damp their enthusiasm would be if it became stable, and then they would have to move on to something else.

Some other cryptocurrencies are more useful and some are more volatile, but none have 'gone to the Moon' like Bitcoins has. Why is this so if they are 'technically' superior? Two reasons:-

1. less 'brand recognition' and lower loyalty. Bitcoin is the original, no others can compare!

2. They haven't got as much money in the pot. Even though you could make just as much trading in other 'coins', Bitcoin has the psychological edge because each one is 'worth' so much.

Apart from that it's got nothing, but psychology is everything in this market...

If everyone agrees BTC is worth $40,000 then everyone has gained. It's not a zero sum game in that sense. Stocks and shares do that as well.

24th November 2020, 08:24 AM	#801
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 16,866	19350.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

27th November 2020, 03:02 PM	#802
novaphile Quester of Doglets Moderator Join Date: Dec 2009 Location: Sunny South Australia Posts: 2,931	17,076 Wheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee ee!
	__________________ We would be better, and braver, to engage in enquiry, rather than indulge in the idle fancy, that we already know -- Plato.

27th November 2020, 03:05 PM	#803
novaphile Quester of Doglets Moderator Join Date: Dec 2009 Location: Sunny South Australia Posts: 2,931	Quote: Bitcoin slumped further through the Thanksgiving holiday as intense profit-taking dragged on prices. The world's most popular cryptocurrency has tumbled as much as 5.9%, to $16,242.70, over the past 24 hours. The slump was Bitcoin's biggest since the coronavirus pandemic slammed markets in March, and it reversed the weeks-long rally that placed the token within a hair of its record high. Other cryptocurrencies including Ethereum and XRP were caught in the sell-off and sank as well. https://markets.businessinsider.com/...-11-1029844889
	__________________ We would be better, and braver, to engage in enquiry, rather than indulge in the idle fancy, that we already know -- Plato. Last edited by novaphile; 27th November 2020 at 03:06 PM.

27th November 2020, 10:16 PM	#804
Roger Ramjets Philosopher Join Date: Jun 2008 Posts: 5,278	Originally Posted by novaphile https://markets.businessinsider.com/...-11-1029844889 Quote: The world's most popular cryptocurrency has tumbled as much as 5.9%, to $16,242.70, over the past 24 hours. That's nothing for Bitcoin, a mere blip that could easily reverse itself tomorrow. Some call it 'digital gold', but it isn't really a commodity - and with this volatility it's unlikely to see widespread application as a currency. So what's left? Speculation. Bitcoin is ideal for making money out of nothing, if you are skilled or lucky enough to beat the other fools. They keep putting money into the pot thinking they will all be winners, but as Bitcoin doesn't create wealth it's a zero sum game. For every 'investor' who gains, others lose, and the price goes up and down according to what they collectively imagine it is worth. Bitcoin's volatility is a hindrance to its original purpose, but speculators love it. The only thing that would damp their enthusiasm would be if it became stable, and then they would have to move on to something else. Some other cryptocurrencies are more useful and some are more volatile, but none have 'gone to the Moon' like Bitcoins has. Why is this so if they are 'technically' superior? Two reasons:- 1. less 'brand recognition' and lower loyalty. Bitcoin is the original, no others can compare! 2. They haven't got as much money in the pot. Even though you could make just as much trading in other 'coins', Bitcoin has the psychological edge because each one is 'worth' so much. Apart from that it's got nothing, but psychology is everything in this market...
	__________________ We don't want good, sound arguments. We want arguments that sound good.

27th November 2020, 10:23 PM	#805
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 16,866
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

27th November 2020, 11:34 PM	#806
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	New article will be coming out Sunday about Coinbase. Something about their treatment of Blacks and allegations of racism at Coinbase.
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	__________________ “Racism is evil, and those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis, white supremacists, and other hate groups that are repugnant to everything we hold dear as Americans.” August 14, 2017 President Donald John Trump

7th December 2020, 11:55 AM	#807
The_Animus Illuminator Join Date: Nov 2006 Posts: 3,252	Originally Posted by Roger Ramjets That's nothing for Bitcoin, a mere blip that could easily reverse itself tomorrow. Indeed, it fell for a short period but is back to what it was before the dip. Quote: Bitcoin's volatility is a hindrance to its original purpose, but speculators love it. True but it's still useful for buying and selling. The volatility is pretty easily mitigated for the buyer by only buying as much bitcoin as you need and then using it to make your purchase right away. More of an issue for the seller unless they regularly convert back to fiat currency. Even if it dips you can usually just wait a bit and it'll come back. Tough if you have a cash flow issue and need the money though.
The_Animus Illuminator Join Date: Nov 2006 Posts: 3,252	__________________ Don't feed the trolls. Just ignore them.

11th December 2020, 02:17 AM	#808
Samson Philosopher Join Date: Oct 2013 Posts: 9,264	Crypto currencies should not show capital gain if serving the next world.
Samson Philosopher Join Date: Oct 2013 Posts: 9,264

11th December 2020, 07:25 PM	#809
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 16,866	Originally Posted by Samson Crypto currencies should not show capital gain if serving the next world. Crypto currencies are just digital assets. There is no rule saying how they are to be traded nor what purpose (or world) they should serve.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

16th December 2020, 09:51 AM	#810
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	$20,899.00 a few minutes ago.
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	__________________ “Racism is evil, and those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis, white supremacists, and other hate groups that are repugnant to everything we hold dear as Americans.” August 14, 2017 President Donald John Trump

16th December 2020, 11:44 AM	#811
Roger Ramjets Philosopher Join Date: Jun 2008 Posts: 5,278	Originally Posted by The_Animus True but it's still useful for buying and selling. The volatility is pretty easily mitigated for the buyer by only buying as much bitcoin as you need and then using it to make your purchase right away. Then what's the point? Easier, cheaper, and safer to just use the currency you already have. Originally Posted by ChrisBFRPKY $20,899.00 a few minutes ago. How high will it go? Has it peaked already? Don't wait too long to sell...
	__________________ We don't want good, sound arguments. We want arguments that sound good.

16th December 2020, 11:50 AM	#812
Dr.Sid Illuminator Join Date: Sep 2009 Location: Olomouc, Czech Republic Posts: 3,134	Well .. pornhub stopped accepting cards (or rather cards stopped accepting pornhub) and only way to pay is crypto now. Might actually be just starting.

16th December 2020, 04:26 PM	#813
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 16,866	Originally Posted by ChrisBFRPKY $20,899.00 a few minutes ago. Bummer! It happened while I was asleep. I wanted to be the one to report when the price broke the $20K barrier. Just for laughs, I reviewed some of the posts from 2 - 3 years ago. The number of posters who authoritatively said that this will NEVER EVER happen is hilarious.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

16th December 2020, 04:53 PM	#814
trustbutverify Philosopher Join Date: May 2007 Posts: 8,809	Originally Posted by psionl0 Bummer! It happened while I was asleep. I wanted to be the one to report when the price broke the $20K barrier. Just for laughs, I reviewed some of the posts from 2 - 3 years ago. The number of posters who authoritatively said that this will NEVER EVER happen is hilarious. Going down that rabbit hole could lead to unintentionally hilarious chaos.
	__________________ "The greatness of a nation and its moral progress can be judged by the way its animals are treated." -- Mahatma Gandhi Wollen owns the stage

16th December 2020, 04:55 PM	#815
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	Originally Posted by psionl0 Bummer! It happened while I was asleep. I wanted to be the one to report when the price broke the $20K barrier. Just for laughs, I reviewed some of the posts from 2 - 3 years ago. The number of posters who authoritatively said that this will NEVER EVER happen is hilarious. A new first---- over 21K now! $21,378.00
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	__________________ “Racism is evil, and those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis, white supremacists, and other hate groups that are repugnant to everything we hold dear as Americans.” August 14, 2017 President Donald John Trump

16th December 2020, 09:20 PM	#816
The_Animus Illuminator Join Date: Nov 2006 Posts: 3,252	Originally Posted by Roger Ramjets Then what's the point? Easier, cheaper, and safer to just use the currency you already have. The point is that sometimes it is actually easier, cheaper, and safer to use bitcoin.
The_Animus Illuminator Join Date: Nov 2006 Posts: 3,252	__________________ Don't feed the trolls. Just ignore them.

17th December 2020, 09:38 AM	#817
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	$23,628
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	__________________ “Racism is evil, and those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis, white supremacists, and other hate groups that are repugnant to everything we hold dear as Americans.” August 14, 2017 President Donald John Trump

17th December 2020, 12:16 PM	#818
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	The Money Fairy is back in town. From past experience I can confidently say her stay is not set in stone. You can ignore her, again if you choose, or you can get some. No one can say they were not told.
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	__________________ “Racism is evil, and those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis, white supremacists, and other hate groups that are repugnant to everything we hold dear as Americans.” August 14, 2017 President Donald John Trump

17th December 2020, 03:30 PM	#819
Dr.Sid Illuminator Join Date: Sep 2009 Location: Olomouc, Czech Republic Posts: 3,134	Originally Posted by ChrisBFRPKY The Money Fairy is back in town. From past experience I can confidently say her stay is not set in stone. You can ignore her, again if you choose, or you can get some. No one can say they were not told. Well .. ATH is exactly when you should ignore. Wait till it falls to 3k again.

17th December 2020, 09:09 PM	#820
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	Originally Posted by Dr.Sid Well .. ATH is exactly when you should ignore. Wait till it falls to 3k again. Buying in at BTC ATH for holding is silly, but riding those $1000+ swings is great. For those that do not own BTC, there are several Alts that are also bouncing ATM and some real bargains ATM. Today has been very good for making money from crypto in general. Volatility of this type only comes around every now and then. Soon we'll be back to horizontal lines and brief hiccups.....Not much money in those.
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	__________________ “Racism is evil, and those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis, white supremacists, and other hate groups that are repugnant to everything we hold dear as Americans.” August 14, 2017 President Donald John Trump

19th December 2020, 07:05 PM	#821
p0lka Master Poster Join Date: Sep 2012 Location: near trees, houses and a lake. Posts: 2,174	Originally Posted by ChrisBFRPKY The Money Fairy is back in town. From past experience I can confidently say her stay is not set in stone. You can ignore her, again if you choose, or you can get some. No one can say they were not told. Buying to hold would be daft atm.

19th December 2020, 08:04 PM	#822
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 16,866	Originally Posted by p0lka Buying to hold would be daft atm. History shows that whenever there has been a major bubble, the price peaked at many times its previous peak and even when the price crashed afterwards, it didn't fall below the previous peak. If you can afford to gamble then "buy and hold" is a reasonable consideration. Also, buy and sell at 2 or 3 times your purchase price has a reasonable chance of succeeding.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

20th December 2020, 09:09 AM	#823
Tippit Illuminator Join Date: Jul 2007 Location: Florida Posts: 3,066	Originally Posted by psionl0 Bummer! It happened while I was asleep. I wanted to be the one to report when the price broke the $20K barrier. Just for laughs, I reviewed some of the posts from 2 - 3 years ago. The number of posters who authoritatively said that this will NEVER EVER happen is hilarious. What's sad, and not at all hilarious, are the number of people who have no clue that this is about the destruction of the US dollar.
	__________________ "There is a principle which is a bar against all information, which is proof against all arguments and which cannot fail to keep a man in everlasting ignorance - that principle is contempt prior to investigation." - Herbert Spencer

20th December 2020, 12:08 PM	#824
Dr.Sid Illuminator Join Date: Sep 2009 Location: Olomouc, Czech Republic Posts: 3,134	Originally Posted by Tippit What's sad, and not at all hilarious, are the number of people who have no clue that this is about the destruction of the US dollar. Why dollar ? Why not Euro ? Why not yuan ?

20th December 2020, 01:56 PM	#825
trustbutverify Philosopher Join Date: May 2007 Posts: 8,809	Originally Posted by Tippit What's sad, and not at all hilarious, are the number of people who have no clue that this is about the destruction of the US dollar. You might not be the ideal candidate to be throwing that insult around.
	__________________ "The greatness of a nation and its moral progress can be judged by the way its animals are treated." -- Mahatma Gandhi Wollen owns the stage

20th December 2020, 06:57 PM	#826
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 16,866	Originally Posted by Tippit What's sad, and not at all hilarious, are the number of people who have no clue that this is about the destruction of the US dollar. Can you elaborate on that? So far I have only seen kooks make that claim and none of them have been able to explain how.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

23rd December 2020, 09:48 PM	#827
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	DNT pump on Coinbase Pro running again now if anyone's interested.
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	__________________ “Racism is evil, and those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis, white supremacists, and other hate groups that are repugnant to everything we hold dear as Americans.” August 14, 2017 President Donald John Trump Last edited by ChrisBFRPKY; 23rd December 2020 at 09:53 PM. Reason: added info

25th December 2020, 04:48 AM	#828
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	BTC testing $25K. $24,600 a few minutes ago.
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	__________________ “Racism is evil, and those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis, white supremacists, and other hate groups that are repugnant to everything we hold dear as Americans.” August 14, 2017 President Donald John Trump

26th December 2020, 10:50 AM	#829
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	BTC testing $26K. $25,777 a few minutes ago.
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	__________________ “Racism is evil, and those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis, white supremacists, and other hate groups that are repugnant to everything we hold dear as Americans.” August 14, 2017 President Donald John Trump

27th December 2020, 10:18 AM	#830
Tippit Illuminator Join Date: Jul 2007 Location: Florida Posts: 3,066	Originally Posted by psionl0 Can you elaborate on that? So far I have only seen kooks make that claim and none of them have been able to explain how. The evidence, is that asset prices in dollars are skyrocketing everywhere, almost without exception, including bitcoin. What do you think this represents if nothing less than the debasement of the dollar? If some asset prices somewhere were to rise, and some were to fall correspondingly, then maybe it wouldn't be so obvious. But asset prices have done nothing but rise across the board, from debt to equity, to speculative assets like bitcoin.
	__________________ "There is a principle which is a bar against all information, which is proof against all arguments and which cannot fail to keep a man in everlasting ignorance - that principle is contempt prior to investigation." - Herbert Spencer

27th December 2020, 07:04 PM	#831
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 16,866	Originally Posted by Tippit The evidence, is that asset prices in dollars are skyrocketing everywhere, almost without exception, including bitcoin. What do you think this represents if nothing less than the debasement of the dollar? That's a few rungs lower than "destruction" of the US dollar. I know that we have perpetual inflation - made necessary by politicians who don't want to live within the government's means. If they had to explain where the money was coming from then their pork barreling would not be so effective. Much better to use the invisible hand of inflation to finance their profligacy. That's why the politicians (and their paid economists) all say this is a good thing. I thought you were saying that bitcoin would somehow put an end to the US dollar.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

2nd January 2021, 12:54 AM	#832
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	BTC testing $30K. $29,918 a few minutes ago.
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	__________________ “Racism is evil, and those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis, white supremacists, and other hate groups that are repugnant to everything we hold dear as Americans.” August 14, 2017 President Donald John Trump

2nd January 2021, 07:36 AM	#833
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 16,866	Originally Posted by ChrisBFRPKY BTC testing $30K. $29,918 a few minutes ago. Bitcoin shot past the $30K barrier in the last couple of hours and if past bubbles are any indicator, this might only be the beginning.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

2nd January 2021, 10:19 PM	#834
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	BTC $34K now on Coinbase.
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,583	__________________ “Racism is evil, and those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis, white supremacists, and other hate groups that are repugnant to everything we hold dear as Americans.” August 14, 2017 President Donald John Trump

2nd January 2021, 10:30 PM	#835
trustbutverify Philosopher Join Date: May 2007 Posts: 8,809	Just a small detour on its way to zero.
	__________________ "The greatness of a nation and its moral progress can be judged by the way its animals are treated." -- Mahatma Gandhi Wollen owns the stage