BitCoin
There are just too many funds paying 10% dividends to play around the fringes right now.
Quote: rainmanQuote: billryanI've never noticed a bitcoin ATM. What kind of fees do they charge? Do you deposit cash?
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Deposit cash yes, then there is a scanner you hold phone up to that scans QR bitcoin address from your BTC wallet
fee's are stiff.
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This one seems to have the branding removed.
Some handwritten notes stuck on other terminals at other locations suggest no anticipated status update for the next 10 days.
I oftentimes use Coinbase for sending and receiving BTC. It's easier and more convenient than using a hard wallet.
Generally, the miner/ transaction fees have been low .50 -$4.50. I noticed over the last few days it's been outrageous. I didn't think much of it until I sent $5 shy of my intended amount. I sent the remaining $5 and got tagged for another big fee of $22. WTF!!! It seems as if they have me paying a $22 flat fee. I looked at the settings and couldn't see anything related to my fees.
Looks like this is a BTC network congestion issue not just Coin Base. My hard wallet wants a $23 fee to send $5 under normal speed and confirmations. I can get that down to .69 if I want a slower send time.Quote: AxelWolfCoinbase
I oftentimes use Coinbase for sending and receiving BTC. It's easier and more convenient than using a hard wallet.
Generally, the miner/ transaction fees have been low .50 -$4.50. I noticed over the last few days it's been outrageous. I didn't think much of it until I sent $5 shy of my intended amount. I sent the remaining $5 and got tagged for another big fee of $22. WTF!!! It seems as if they have me paying a $22 flat fee. I looked at the settings and couldn't see anything related to my fees.
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Quote: AxelWolfLooks like this is a BTC network congestion issue not just Coin Base. My hard wallet wants a $23 fee to send $5 under normal speed and confirmations. I can get that down to .69 if I want a slower send time.Quote: AxelWolfCoinbase
I oftentimes use Coinbase for sending and receiving BTC. It's easier and more convenient than using a hard wallet.
Generally, the miner/ transaction fees have been low .50 -$4.50. I noticed over the last few days it's been outrageous. I didn't think much of it until I sent $5 shy of my intended amount. I sent the remaining $5 and got tagged for another big fee of $22. WTF!!! It seems as if they have me paying a $22 flat fee. I looked at the settings and couldn't see anything related to my fees.
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That's one of the downsides to BTC/crypto, The rake. So the computer speeds up or slows down your transaction depending on how much you pay?
sounds ethical lol.
I'm no expert on how it works, but from what I understand transactions are uploaded to a pool on the network of non processed transactions that all the BTC miners are using, they pick transactions to verify and record on the blockchain ledger. They normally pick the transactions that pay the highest fees first.Quote: rainmanQuote: AxelWolfLooks like this is a BTC network congestion issue not just Coin Base. My hard wallet wants a $23 fee to send $5 under normal speed and confirmations. I can get that down to .69 if I want a slower send time.Quote: AxelWolfCoinbase
I oftentimes use Coinbase for sending and receiving BTC. It's easier and more convenient than using a hard wallet.
Generally, the miner/ transaction fees have been low .50 -$4.50. I noticed over the last few days it's been outrageous. I didn't think much of it until I sent $5 shy of my intended amount. I sent the remaining $5 and got tagged for another big fee of $22. WTF!!! It seems as if they have me paying a $22 flat fee. I looked at the settings and couldn't see anything related to my fees.
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That's one of the downsides to BTC/crypto, The rake. So the computer speeds up or slows down your transaction depending on how much you pay?
sounds ethical lol.
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Bitcoin doesn't seem very efficient and consumes a lot of energy, so I'm not sure why it's the number one cryptocurrency other than the fact that it was the first.
They better figure out how to get the fees under control or I assume people are going to leave in groves.
cryptocurrency universe.
Quote: billryanThe SEC filed charges against Coinbase for acting as an unregulated securities exchange. If they are successful, it will alter the entire
cryptocurrency universe.
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Binance as well, yes?
Quote: billryanThe SEC filed charges against Coinbase for acting as an unregulated securities exchange. If they are successful, it will alter the entire
cryptocurrency universe.
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on June 5 bitcoin was at 27,123
it's now at 26,516
since the news it has fallen only about 2.5% which is almost nothing for a highly volatile thing such as this
this suggests the vast majority of holders are staying strong with it
I'm sure the Feds would love for bitcoin to disappear - as they see it as a threat to their dominance of financial markets
but they're not going to want to go up against the public in this - not imo - they won't want to become tremendously unpopular
according to a link I just saw 46 million Americans own bitcoin - about 22% of the adult population
.
Quote: lilredrooster
according to a link I just saw 46 million Americans own bitcoin - about 22% of the adult population.
I would be shocked if that was true.
Quote: DRichQuote: lilredrooster
according to a link I just saw 46 million Americans own bitcoin - about 22% of the adult population.
I would be shocked if that was true.
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others have felt that way too
you might be interested in the link which discusses the accuracy of the claim which was reported in Newsweek
I own some crypto and I am pretty conservative in financial matters
I bought a small amount due to fomo - I think fomo drives sales of it -
https://cointelegraph.com/news/do-46-million-americans-really-own-crypto
.
Quote: lilredroosterQuote: billryanThe SEC filed charges against Coinbase for acting as an unregulated securities exchange. If they are successful, it will alter the entire
cryptocurrency universe.
link to original post
on June 5 bitcoin was at 27,123
it's now at 26,516
since the news it has fallen only about 2.5% which is almost nothing for a highly volatile thing such as this
this suggests the vast majority of holders are staying strong with it
I'm sure the Feds would love for bitcoin to disappear - as they see it as a threat to their dominance of financial markets
but they're not going to want to go up against the public in this - not imo - they won't want to become tremendously unpopular
according to a link I just saw 46 million Americans own bitcoin - about 22% of the adult population
.
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A google search says about 8% of people living in the US own bitcoin.
I think both numbers are high. I also believe if they could get what they paid for it, the majority would sell in a heartbeat. Most people refuse to cut their losses and think if they hold on long enough, their investment will pan out.
Quote: billryanQuote: lilredroosterQuote: billryanThe SEC filed charges against Coinbase for acting as an unregulated securities exchange. If they are successful, it will alter the entire
cryptocurrency universe.
link to original post
on June 5 bitcoin was at 27,123
it's now at 26,516
since the news it has fallen only about 2.5% which is almost nothing for a highly volatile thing such as this
this suggests the vast majority of holders are staying strong with it
I'm sure the Feds would love for bitcoin to disappear - as they see it as a threat to their dominance of financial markets
but they're not going to want to go up against the public in this - not imo - they won't want to become tremendously unpopular
according to a link I just saw 46 million Americans own bitcoin - about 22% of the adult population
.
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A google search says about 8% of people living in the US own bitcoin.
I think both numbers are high. I also believe if they could get what they paid for it, the majority would sell in a heartbeat. Most people refuse to cut their losses and think if they hold on long enough, their investment will pan out.
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per the link there were 407 million bitcoin transactions (worldwide) yesterday
obviously not all buying - probably about half selling - many to buy other crypto - or because they're doing some kind of day or short term trading
I already posted this but again - the link analyzes the claim that 46 million Americans own Crypto and comes to the conclusion "the sample sizes from both surveys are relatively small, however, they are considered statistically valid"
the link mentions a 2nd survey which had a larger sample size and concluded that 14% own Crypto which translates to 21.2 million people
again, the first survey was reported by Newsweek - which is considered a fairly respectable source
https://ycharts.com/indicators/bitcoin_transactions_per_day#:~:text=Basic%20Info,registered%20on%20the%20Bitcoin%20network.
https://cointelegraph.com/news/do-46-million-americans-really-own-crypto
.
here is a partial list of some of the companies that now accept Bitcoin as payment:
AMC, AT&T, Microsoft, Home Depot, Starbucks, Tesla, Overstock.com, PayPal, Time Magazine
it's a brave new world
.
Quote: lilredrooster.
here is a partial list of some of the companies that now accept Bitcoin as payment:
AMC, AT&T, Microsoft, Home Depot, Starbucks, Tesla, Overstock.com, PayPal, Time Magazine
it's a brave new world
.
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I’d accept anything as payment if I can easily and inexpensively convert it to dollars. I am assuming the costs of the conversion are baked into the Bitcoin price. I’d take two goats instead of the $1k if I could easily sell the goats for $600 each. (Quickly…!)
If I owe HD $20k, and one BTC is $20k, I’m guessing it will cost me MORE than 1 BTC to settle the debt.
Yes, that is the ticket, perhaps not immediately. The more they define the regulation/rules/laws/expectations etc, good or bad(within reason), the better it is.Quote: billryanYes, it is a good thing. That's the ticket.
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BTC will come out stronger in the end.
I don't even understand what grounds the SEC has to sue. They allowed CoinBase to go public in the first place, did the SEC allow a company to go public that was doing something illegal? The SEC even testified to Congress that they do not have the authority to regulate Crypto exchanges.
Quote: SOOPOOI’d take two goats instead of the $1k if I could easily sell the goats for $600 each. (Quickly…!)
If one of them is a feinting goat I will buy it for $600. My wife thinks they are hysterical.
Quote: EvenBobThe guy who wrote the book The Black Swan says crypto is dead, especially Bitcoin. He says it's not good for anything not even laundering money. He sold all his Bitcoin a year ago it is now saying it's nothing but a collectible cult. Apparently the Fed is starting something in July called FedNow which is going to kill crypto dead in the water. I know nothing about how it works because I don't care to find out.
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And yet Bitcoin is still worth 27,000 times that of the U.S. Dollar.
Quote: DRichQuote: EvenBobThe guy who wrote the book The Black Swan says crypto is dead, especially Bitcoin. He says it's not good for anything not even laundering money. He sold all his Bitcoin a year ago it is now saying it's nothing but a collectible cult. Apparently the Fed is starting something in July called FedNow which is going to kill crypto dead in the water. I know nothing about how it works because I don't care to find out.
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And yet Bitcoin is still worth 27,000 times that of the U.S. Dollar.
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Taleb - the author of The Black Swan - has no greater ability to predict the demise of Bitcoin than anyone else
he's just one man with a big mouth trying to draw attention to himself to sell more books
there are about 420 million Crypto users worldwide
the market cap of all Crypto is currently about 1.1 trillion dollars of which Bitcoin is about 504 billion dollars
.
the market cap of all Crypto is currently about 1.1 trillion dollars of which Bitcoin is about 504 billion dollars
How does that compare to a year ago?
Quote: lilredroosterQuote: DRichQuote: EvenBobThe guy who wrote the book The Black Swan says crypto is dead, especially Bitcoin. He says it's not good for anything not even laundering money. He sold all his Bitcoin a year ago it is now saying it's nothing but a collectible cult. Apparently the Fed is starting something in July called FedNow which is going to kill crypto dead in the water. I know nothing about how it works because I don't care to find out.
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And yet Bitcoin is still worth 27,000 times that of the U.S. Dollar.
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Taleb - the author of The Black Swan - has no greater ability to predict the demise of Bitcoin than anyone else
he's just one man with a big mouth trying to draw attention to himself to sell more books
there are about 420 million Crypto users worldwide
the market cap of all Crypto is currently about 1.1 trillion dollars of which Bitcoin is about 504 billion dollars
.
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He makes a lot of sense when he talks about what crypto is good for which is pretty much nothing. It's a nothing product going nowhere, you'll see.
Quote: EvenBobQuote: lilredroosterQuote: DRichQuote: EvenBobThe guy who wrote the book The Black Swan says crypto is dead, especially Bitcoin. He says it's not good for anything not even laundering money. He sold all his Bitcoin a year ago it is now saying it's nothing but a collectible cult. Apparently the Fed is starting something in July called FedNow which is going to kill crypto dead in the water. I KNOW NOTHING ABOUT HOW IT WORKS BECAUSE I DON'T CARE TO FIND OUT.
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And yet Bitcoin is still worth 27,000 times that of the U.S. Dollar.
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Taleb - the author of The Black Swan - has no greater ability to predict the demise of Bitcoin than anyone else
he's just one man with a big mouth trying to draw attention to himself to sell more books
there are about 420 million Crypto users worldwide
the market cap of all Crypto is currently about 1.1 trillion dollars of which Bitcoin is about 504 billion dollars
.
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He makes a lot of sense when he talks about what crypto is good for which is pretty much nothing. It's a nothing product going nowhere, you'll see.
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you seem to know an awful lot about it for somebody who in the very same post stated_________:
𝙄 𝙆𝙉𝙊𝙒 𝙉𝙊𝙏𝙃𝙄𝙉𝙂 𝘼𝘽𝙊𝙐𝙏 𝙃𝙊𝙒 𝙄𝙏 𝙒𝙊𝙍𝙆𝙎 𝘽𝙀𝘾𝘼𝙐𝙎𝙀 𝙄 𝘿𝙊𝙉'𝙏 𝘾𝘼𝙍𝙀 𝙏𝙊 𝙁𝙄𝙉𝘿 𝙊𝙐𝙏
𝘪𝘧 𝘦𝘷𝘦𝘳 𝘐 𝘣𝘦𝘨𝘪𝘯 𝘵𝘰 𝘴𝘦𝘦 𝘴𝘰𝘮𝘦𝘵𝘩𝘪𝘯𝘨 𝘐 𝘳𝘦𝘢𝘭𝘭𝘺 𝘳𝘦𝘢𝘭𝘭𝘺 𝘥𝘰𝘶𝘣𝘵 𝘪𝘵 𝘸𝘪𝘭𝘭 𝘣𝘦 𝘣𝘦𝘤𝘢𝘶𝘴𝘦 𝘺𝘰𝘶 𝘦𝘥𝘶𝘤𝘢𝘵𝘦𝘥 𝘮𝘦
.
It's 10 years later and you're still saying the same thing. Meanwhile, a 1k investment would be worth millions now.Quote: EvenBobIt's a nothing product going nowhere, you'll see.
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OFC Bitcoin, USDT, Gold, Silver, and diamonds will all eventually be worthless. But as long as you are alive you will have been wrong about BTC. It won't be going away within our lifetime, and it will always be worth more within our lifetime than the first time you poo-pooed it. So far you have been wrong for over a decade... Ouch!!
Quote: AxelWolfIt's 10 years later and you're still saying the same thing. Meanwhile, a 1k investment would be worth millions now.Quote: EvenBobIt's a nothing product going nowhere, you'll see.
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OFC Bitcoin, USDT, Gold, Silver, and diamonds will all eventually be worthless. But as long as you are alive you will have been wrong about BTC. It won't be going away within our lifetime, and it will always be worth more within our lifetime than the first time you poo-pooed it. So far you have been wrong for over a decade... Ouch!!
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Bob can never be wrong will never admit being wrong.
This is what makes intelligent men not.
Quote: rainman
Bob can never be wrong will never admit being wrong.
299/#post890540]link to original post
I'm not wrong about Bitcoin. You'll see..
Crypto has made a small minority of its early adopters a lot of money, all at the expense of later investors. Great for a few, not so much for the street-level investors.
Quote: billryan
Crypto has made a small minority of its early adopters a lot of money, all at the expense of later investors. Great for a few, not so much for the street-level investors.
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Just like all such schemes do. Some of the early Amway distributors are now multi-millionaires. But not the newer ones.
Quote: billryanI was looking at the top 100 cryptocurrencies yesterday. Almost all of them are ridiculously off their all-time highs. Many are down 75% or more. I suppose that might be someone's idea of a successful financial instrument, just not mine.
the Nasdaq composite lost 77% between from March 10, 2000 to October 4, 2002
in October of 2002 did you think investing in stocks that make up the Nasdaq composite was a terrible investment________?
many people did
.
Quote: lilredroosterQuote: billryanI was looking at the top 100 cryptocurrencies yesterday. Almost all of them are ridiculously off their all-time highs. Many are down 75% or more. I suppose that might be someone's idea of a successful financial instrument, just not mine.
the Nasdaq composite lost 77% between from March 10, 2000 to October 4, 2002
in October of 2002 did you think investing in stocks that make up the Nasdaq composite was a terrible investment________?
many people did
.
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In 2002 it was a bad investment. Later it came back.
generally speaking I believe whether or not a person values Crypto often has a lot to due with their age
older people often have a lot of trouble accepting new things
I'm old - and I don't fully embrace it - have just a small amount - but I know when something has become this popular worldwide it won't quickly disappear or become worthless
.
Quote: lilredrooster.
generally speaking I believe whether or not a person values Crypto often has a lot to due with their age
older people often have a lot of trouble accepting new things
I'm old - and I don't fully embrace it - have just a small amount - but I know when something has become this popular worldwide it won't quickly disappear or become worthless
.
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It's not a matter of embracing it, it's a matter of recognizing how overpriced it is.
1) It has no intrinsic value.
2) It has little practical value.
3) The one purpose it does have- hiding your wealth from the government is becoming less realistic every day.
Quote: billryanQuote: lilredrooster.
generally speaking I believe whether or not a person values Crypto often has a lot to due with their age
older people often have a lot of trouble accepting new things
I'm old - and I don't fully embrace it - have just a small amount - but I know when something has become this popular worldwide it won't quickly disappear or become worthless
.
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It's not a matter of embracing it, it's a matter of recognizing how overpriced it is.
1) It has no intrinsic value.
2) It has little practical value.
3) The one purpose it does have- hiding your wealth from the government is becoming less realistic every day.
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I think a lot of people like it just because they like it
as you know, humans are often not very logical
they like having something not dominated by their Governments
the value of it in U.S. dollars may fall
but imo it won't disintegrate - not much chance of that
and I really doubt that the Feds will move very strongly against it - just like everybody else - the Feds don't like being very unpopular
and once it becomes clear that the Feds are not going to move strongly against it - its direction may change
.
Quote: lilredroosterQuote: billryanQuote: lilredrooster.
generally speaking I believe whether or not a person values Crypto often has a lot to due with their age
older people often have a lot of trouble accepting new things
I'm old - and I don't fully embrace it - have just a small amount - but I know when something has become this popular worldwide it won't quickly disappear or become worthless
.
link to original post
It's not a matter of embracing it, it's a matter of recognizing how overpriced it is.
1) It has no intrinsic value.
2) It has little practical value.
3) The one purpose it does have- hiding your wealth from the government is becoming less realistic every day.
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I think a lot of people like it just because they like it
as you know, humans are often not very logical
they like having something not dominated by their Governments
the value of it in U.S. dollars may fall
but imo it won't disintegrate - not much chance of that
and I really doubt that the Feds will move very strongly against it - just like everybody else - the Feds don't like being very unpopular
and once it becomes clear that the Feds are not going to move strongly against it - its direction may change
.
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The only thing I disagree with is the Feds not wanting to be unpopular
I think online Poker was pretty popular. And so was Craigslist and Backpage hookers (let's be truthful here).
Nuff said.
Link?Quote: billryanI was looking at the top 100 cryptocurrencies yesterday. Almost all of them are ridiculously off their all-time highs. Many are down 75% or more. I suppose that might be someone's idea of a successful financial instrument, just not mine.
Crypto has made a small minority of its early adopters a lot of money, all at the expense of later investors. Great for a few, not so much for the street-level investors.
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What if you bought the top 100 ICOs?
I don't have any faith in any Crypto other than BTC and ETH.
I own some other crypto, but that's just gambling.
Quote: AxelWolfLink?Quote: billryanI was looking at the top 100 cryptocurrencies yesterday. Almost all of them are ridiculously off their all-time highs. Many are down 75% or more. I suppose that might be someone's idea of a successful financial instrument, just not mine.
Crypto has made a small minority of its early adopters a lot of money, all at the expense of later investors. Great for a few, not so much for the street-level investors.
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What if you bought the top 100 ICOs?
I don't have any faith in any Crypto other than BTC and ETH.
I own some other crypto, but that's just gambling.
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As opposed to owning bitcoin?
You can google the top 100 cryptocurrencies market cap as easily as I can. It's been a bloodbath, and I see zero reasons to expect a change in the wind.
Quote: billryanI'll wager that CYDY doubles in price before bitcoin does. Any takers?
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Is that retroactive to when Bitcoin was $16,000 and you were critical of buying it?
Cytodyn is at the same price as when Bitcoin was $16,000.
I would be happy if BTC just had stability. It's a useful tool for many, some people not so much. As per what I said earlier "Yes, that is the ticket, perhaps not immediately. The more they define the regulation/rules/laws/expectations etc, good or bad(within reason), the better it is."Quote: billryanQuote: AxelWolfLink?Quote: billryanI was looking at the top 100 cryptocurrencies yesterday. Almost all of them are ridiculously off their all-time highs. Many are down 75% or more. I suppose that might be someone's idea of a successful financial instrument, just not mine.
Crypto has made a small minority of its early adopters a lot of money, all at the expense of later investors. Great for a few, not so much for the street-level investors.
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What if you bought the top 100 ICOs?
I don't have any faith in any Crypto other than BTC and ETH.
I own some other crypto, but that's just gambling.
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As opposed to owning bitcoin?
You can google the top 100 cryptocurrencies market cap as easily as I can. It's been a bloodbath, and I see zero reasons to expect a change in the wind.
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Bitcoin Will ‘10X’ With Regulatory Clarity, Says Michael Saylor
https://decrypt.co/144465/bitcoin-will-10x-with-regulatory-clarity-says-michael-saylor
Do I believe it will 10/20x? No, absolutely not. Everyone, including the so-called experts, are just guessing.
Even you changed your mind and said something about a 27k support level. FYI I believe your previous bet/offer was close to losing. Bitcoin almost doubled before it lost 50%.
Up or down, I have no clue, but what I do see, is that BTC is at 26,000 even after having a barrage of bad things happen that should have severely crippled it. Labeled as the criminal's coin, massive overnight drops, 90%+ drops in just a few days, exchanges getting hacked for massive amounts, The Silk Road scandal, 700,000 BTC scammed from investors in a Ponzi Scheme, multiple exchange crashes, The China Crypto ban including the crackdown on mining, rumors of mass country banning, all the energy consumption concerns, including Musk's take back on taking BTC to buy Teslas because of energy concerns, multiple competing coins, exchanges existing the USA, The collapse of FTX, SEC new Lawsuits going after Coinbase and Binance and so so much more.
According to this thread guys like EvenBob knew about BTC, back in 2013 and had a use for it...online gambling roulette systems(he claims it's a method)but claimed BTC was a beanie baby, I do believe it's up about 24,000% since then...Let that sink in.
Quote: AxelWolfI would be happy if BTC just had stability. It's a useful tool for many, some people not so much. As per what I said earlier "Yes, that is the ticket, perhaps not immediately. The more they define the regulation/rules/laws/expectations etc, good or bad(within reason), the better it is."Quote: billryanQuote: AxelWolfLink?Quote: billryanI was looking at the top 100 cryptocurrencies yesterday. Almost all of them are ridiculously off their all-time highs. Many are down 75% or more. I suppose that might be someone's idea of a successful financial instrument, just not mine.
Crypto has made a small minority of its early adopters a lot of money, all at the expense of later investors. Great for a few, not so much for the street-level investors.
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What if you bought the top 100 ICOs?
I don't have any faith in any Crypto other than BTC and ETH.
I own some other crypto, but that's just gambling.
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As opposed to owning bitcoin?
You can google the top 100 cryptocurrencies market cap as easily as I can. It's been a bloodbath, and I see zero reasons to expect a change in the wind.
link to original post
Bitcoin Will ‘10X’ With Regulatory Clarity, Says Michael Saylor
https://decrypt.co/144465/bitcoin-will-10x-with-regulatory-clarity-says-michael-saylor
Do I believe it will 10/20x? No, absolutely not. Everyone, including the so-called experts, are just guessing.
Even you changed your mind and said something about a 27k support level. FYI I believe your previous bet/offer was close to losing. Bitcoin almost doubled before it lost 50%.
Up or down, I have no clue, but what I do see, is that BTC is at 26,000 even after having a barrage of bad things happen that should have severely crippled it. Labeled as the criminal's coin, massive overnight drops, 90%+ drops in just a few days, exchanges getting hacked for massive amounts, The Silk Road scandal, 700,000 BTC scammed from investors in a Ponzi Scheme, multiple exchange crashes, The China Crypto ban including the crackdown on mining, rumors of mass country banning, all the energy consumption concerns, including Musk's take back on taking BTC to buy Teslas because of energy concerns, multiple competing coins, exchanges existing the USA, The collapse of FTX, SEC new Lawsuits going after Coinbase and Binance and so so much more.
According to this thread guys like EvenBob knew about BTC, back in 2013 and had a use for it...online gambling roulette systems(he claims it's a method)but claimed BTC was a beanie baby, I do believe it's up about 24,000% since then...Let that sink in.
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All of that and it's only some $40,000 off its peak.
I've concluded there is a market for Bitcoin, not that Bitcoin has any value. I'll buy it when it dips below $16,000 and sell it when it hits 23,000. If you study the charts, you'll see each high for the last few years has been lower than the previous, and each low drops ever lower.
I'm not too keen on using past history to predict future results, especially when dealing with something that's only been around for 13 years or so. There are way too many unknown factors that could come into play. I don't suggest anyone buy BTC as an investment or sell BTC if they own any. I highly suggest people have a BTC wallet and understand how to send and receive it, and they understand how to convert it to their cash balance if they don't want to weather the fluctuations. People like Bob have/had this misunderstanding that once you buy BTC for whatever reason on an exchange that you're permanently locked in.Quote: billryanQuote: AxelWolfI would be happy if BTC just had stability. It's a useful tool for many, some people not so much. As per what I said earlier "Yes, that is the ticket, perhaps not immediately. The more they define the regulation/rules/laws/expectations etc, good or bad(within reason), the better it is."Quote: billryanQuote: AxelWolfLink?Quote: billryanI was looking at the top 100 cryptocurrencies yesterday. Almost all of them are ridiculously off their all-time highs. Many are down 75% or more. I suppose that might be someone's idea of a successful financial instrument, just not mine.
Crypto has made a small minority of its early adopters a lot of money, all at the expense of later investors. Great for a few, not so much for the street-level investors.
link to original post
What if you bought the top 100 ICOs?
I don't have any faith in any Crypto other than BTC and ETH.
I own some other crypto, but that's just gambling.
link to original post
As opposed to owning bitcoin?
You can google the top 100 cryptocurrencies market cap as easily as I can. It's been a bloodbath, and I see zero reasons to expect a change in the wind.
link to original post
Bitcoin Will ‘10X’ With Regulatory Clarity, Says Michael Saylor
https://decrypt.co/144465/bitcoin-will-10x-with-regulatory-clarity-says-michael-saylor
Do I believe it will 10/20x? No, absolutely not. Everyone, including the so-called experts, are just guessing.
Even you changed your mind and said something about a 27k support level. FYI I believe your previous bet/offer was close to losing. Bitcoin almost doubled before it lost 50%.
Up or down, I have no clue, but what I do see, is that BTC is at 26,000 even after having a barrage of bad things happen that should have severely crippled it. Labeled as the criminal's coin, massive overnight drops, 90%+ drops in just a few days, exchanges getting hacked for massive amounts, The Silk Road scandal, 700,000 BTC scammed from investors in a Ponzi Scheme, multiple exchange crashes, The China Crypto ban including the crackdown on mining, rumors of mass country banning, all the energy consumption concerns, including Musk's take back on taking BTC to buy Teslas because of energy concerns, multiple competing coins, exchanges existing the USA, The collapse of FTX, SEC new Lawsuits going after Coinbase and Binance and so so much more.
According to this thread guys like EvenBob knew about BTC, back in 2013 and had a use for it...online gambling roulette systems(he claims it's a method)but claimed BTC was a beanie baby, I do believe it's up about 24,000% since then...Let that sink in.
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All of that and it's only some $40,000 off its peak.
I've concluded there is a market for Bitcoin, not that Bitcoin has any value. I'll buy it when it dips below $16,000 and sell it when it hits 23,000. If you study the charts, you'll see each high for the last few years has been lower than the previous, and each low drops ever lower.
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Obviously, there's a risk of a sudden crash or rare event that could cause a loss, but that's true of many things in life.
since there have been some comments about predicting future prices and charts - I wanted to mention this:
mutual fund managers are highly paid professional stock pickers
over the last 5 years tracked in the article only 13.49% of actively managed funds outperfromed the S&P index
over 10 years it's only 8.59% -
this is well known and I believe typical of any 5 and 10 year period
the difficulty in predicting the future prices of individual stocks and surely also Crypto is off the charts
https://www.forbes.com/advisor/investing/index-funds-vs-mutual-funds/#:~:text=S%26P%20Dow%20Jones%20Indices'%20scorecard,funds%20outperformed%20the%20S%26P%20500.
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