Bitcoin to hit $500,000 mark by 2030?
Poll
 | 12 votes (21.42%) | ||
| | 5 votes (8.92%) | ||
| | 3 votes (5.35%) | ||
| | 3 votes (5.35%) | ||
| | 15 votes (26.78%) | ||
| | 15 votes (26.78%) | ||
| | 3 votes (5.35%) |
56 members have voted
December 11th, 2018 at 2:09:21 PM
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Quote: AyecarumbaMaybe the dip is due to end of the year tax incentives, and a need to be liquid to buy Christmas gifts?
No. Big investors have kept it propped
up around 6000 for months, they're
getting tired and getting out themselves.
They figured if they just kept it on life
support the public could be lured into
one last big rally to bail the big guys
out. It never happened.
"It's not called gambling if the math is on your side."
December 11th, 2018 at 2:32:39 PM
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Interesting fact: As of today Bitcoin market cap is $59 billion, General Electric stock is down to under $7 giving it a market cap of $58 billion.
At my age, a "Life In Prison" sentence is not much of a deterrent.
December 11th, 2018 at 2:33:38 PM
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Quote: AyecarumbaMaybe the dip is due to end of the year tax incentives, and a need to be liquid to buy Christmas gifts?
Much cheaper and they will make great stocking stuffers.
The older I get, the better I recall things that never happened
December 11th, 2018 at 5:11:19 PM
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Quote: DRichInteresting fact: As of today Bitcoin market cap is $59 billion, General Electric stock is down to under $7 giving it a market cap of $58 billion.
Are you saying BTC has a high or low market cap?
December 11th, 2018 at 8:06:41 PM
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Has to be low. GE is in big trouble.
I think what knocked the pins out of BTC was the last year of raiders and thieves emptying accounts and wallets. The heart of a currency without a physical manifestation is its security and reliability.
Gotta be millions of squares like me watching it pretty closely, trying to decide whether to buy in, and reading all the stories about it being the preferred currency of drug dealers and scumbags, and then the guys who scored more than half a billion untraceable, and various other thefts. So we didn't invest, after all.
And for the price to keep going up, the demand for it has to be there, even with the cap or whatever the tap-out point for new bitstrings is called. If nobody trusts it will hold value and , why spend good dollars/yen/euros on something available to technogeeks whenever they want to take it?
Even though stocks are tanking atm, there is a historical growth curve, there are protections and regulations, and their currencies are backed by governments. BTC is just electrons that are worth what someone will pay in NOT-BTC value, whether in pizzas or Porsches.
I think what knocked the pins out of BTC was the last year of raiders and thieves emptying accounts and wallets. The heart of a currency without a physical manifestation is its security and reliability.
Gotta be millions of squares like me watching it pretty closely, trying to decide whether to buy in, and reading all the stories about it being the preferred currency of drug dealers and scumbags, and then the guys who scored more than half a billion untraceable, and various other thefts. So we didn't invest, after all.
And for the price to keep going up, the demand for it has to be there, even with the cap or whatever the tap-out point for new bitstrings is called. If nobody trusts it will hold value and , why spend good dollars/yen/euros on something available to technogeeks whenever they want to take it?
Even though stocks are tanking atm, there is a historical growth curve, there are protections and regulations, and their currencies are backed by governments. BTC is just electrons that are worth what someone will pay in NOT-BTC value, whether in pizzas or Porsches.
If the House lost every hand, they wouldn't deal the game.
December 11th, 2018 at 11:24:25 PM
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Sure, a model T has some antique value but the assembly line technology was more valuable. I could see the blockchains, or whatever you young whippersnappers in your lambos call it, actually being used by gubmint to further control humanity at some point. There's power in a name block chain.
100% risk of ruin
December 11th, 2018 at 11:28:39 PM
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If I were buying a property from you for a million dollars. Would you like the money in Bitcoin or a cashier's check?
How the majority answers that question tells you all you need to know.
How the majority answers that question tells you all you need to know.
December 11th, 2018 at 11:32:57 PM
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Trick question. Neither of those are money. Gold double eagles, if you please!
Last edited by: RogerKint on Dec 12, 2018
100% risk of ruin
December 12th, 2018 at 12:22:39 AM
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Quote: RogerKintTrick question. Neither of those are money. Gold double eagles, if you please!
One day, one day.😁
December 12th, 2018 at 9:51:56 AM
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Because gold is such a great buy right now, right?
The older I get, the better I recall things that never happened
December 12th, 2018 at 10:18:14 AM
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People will argue until they are blue in the face about the legitimacy of bitcoin and whether the price will go up or down.
Meanwhile the darkweb drug trade are the only people actually using bitcoin as a currency and couldn’t care less what it is worth day to day.
Meanwhile the darkweb drug trade are the only people actually using bitcoin as a currency and couldn’t care less what it is worth day to day.
December 12th, 2018 at 10:24:14 AM
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Re Billryan
Well, yeah. Historically, 100% of fiat goes to zero. As long as one can still turn paper into metal that seems like a pretty great deal and an easy wager.
Well, yeah. Historically, 100% of fiat goes to zero. As long as one can still turn paper into metal that seems like a pretty great deal and an easy wager.
100% risk of ruin
December 12th, 2018 at 11:23:05 AM
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Quote: beachbumbabsSo we didn't invest, after all.
Never invest in a man made collectible.
Beanie Babies, Franklin Mint, collector
plates, bitcoin. Dead artist art, dinosaur
bones, antique cars, vintage jewelry,
rare books, those are good investments.
Never invest in something
they can make more of. Value totally
depends on availability.
"It's not called gambling if the math is on your side."
December 12th, 2018 at 11:28:13 AM
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Quote: RogerKintRe Billryan
Well, yeah. Historically, 100% of fiat goes to zero. As long as one can still turn paper into metal that seems like a pretty great deal and an easy wager.
Utter nonsense.
The older I get, the better I recall things that never happened
December 12th, 2018 at 11:29:11 AM
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Quote: EvenBobNever invest in a man made collectible.
Beanie Babies, Franklin Mint, collector
plates, bitcoin. Dead artist art, dinosaur
bones, antique cars, vintage jewelry,
rare books, those are good investments.
Never invest in something
they can make more of. Value totally
depends on availability.
I'll have whatever he is drinking.
The older I get, the better I recall things that never happened
December 12th, 2018 at 12:46:58 PM
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Quote: EvenBobNever invest in something
they can make more of. Value totally
depends on availability.
Then you should invest in bitcoin.
December 12th, 2018 at 1:07:57 PM
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Quote: billryanUtter nonsense.
Care to explain?
December 12th, 2018 at 1:15:55 PM
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Quote: BlackjackLoverThen you should invest in bitcoin.
They quit making it? Last I heard there
were still two places churning it out at
a profit.
"It's not called gambling if the math is on your side."
December 12th, 2018 at 1:22:50 PM
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Quote: MaxPenCare to explain?
Not really.
The older I get, the better I recall things that never happened
December 12th, 2018 at 1:34:27 PM
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Quote: billryanNot really.
Kind of what I thought. It is hard to explain the real utter nonsense.
December 12th, 2018 at 2:13:49 PM
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Quote: EvenBobThey quit making it? Last I heard there
were still two places churning it out at
a profit.
The cap is 21 million since the very beginning.
January 21st, 2019 at 11:55:22 AM
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Quote: WizardTwo people, not counting me, voted that Bitcoin coin will crash in this thread. I also think that.
I too am bearish on bitcoin. I do not attempt long-term financial predictions but I follow the bitcoin futures market and the current trend is down. Bitcoin is easier than cash to lose or have stolen, also it has a taint of illegality about it. If you go on the Dark Web you can buy not only drugs and other illegal things but you also can contract for rape or murder and they always ask for payment in bitcoin. I think it possible that bitcoin will be made illegal. I plan to short bitcoin if it reaches the top of my channel.
OnceDear is a Dear!
January 21st, 2019 at 6:15:08 PM
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I'm still buying bitcoin dont @ me
"Man Babes" #AxelFabulous
January 21st, 2019 at 9:37:05 PM
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Quote: netzerQuote: WizardTwo people, not counting me, voted that Bitcoin coin will crash in this thread. I also think that.
I too am bearish on bitcoin. I do not attempt long-term financial predictions but I follow the bitcoin futures market and the current trend is down. Bitcoin is easier than cash to lose or have stolen, also it has a taint of illegality about it. If you go on the Dark Web you can buy not only drugs and other illegal things but you also can contract for rape or murder and they always ask for payment in bitcoin. I think it possible that bitcoin will be made illegal. I plan to short bitcoin if it reaches the top of my channel.
You do realize the contract for murder stuff on there are all scams right? They're also used as police entrapments to catch the idiots that try to hire hitmen. Once the police gather their information, those guys get locked up.
Any private business open to the PUBLIC (ie. droned out casinos) cannot have a criminal trespass enforced against an individual without GOOD CAUSE (Disruptive or Disorderly conduct). You will never go to prison for being thrown out of a casino for legal advantage play and then returning because it's simply unconstitutional 'as applied' to the individual. 'As applied' constitutional issues must FIRST be raised in DISTRICT COURT (trial court) to have it thrown out. You CANNOT raise it on APPEAL This is the best kept secret in the world of casinos not just in Vegas but everywhere in the country. Thank me later.
January 21st, 2019 at 11:47:11 PM
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Quote: netzerI plan to short bitcoin if it reaches the top of my channel.
How do you short bitcoin?
January 22nd, 2019 at 7:24:40 AM
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Quote: BlackjackLoverHow do you short bitcoin?
One way would be to sell short shares in a bitcoin fund, but I don't think such a fund currently exists in the USA.
Here is something I found about a fund in Canada:
First Block Capital Inc., a Canadian cryptocurrency and blockchain investment company, has announced that its bitcoin trust, FBC Bitcoin Trust, has achieved mutual fund status in Canada, allowing investors to place funds in registered accounts such as a Tax Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP).
The trust is available on NEO Connect, a fund distribution platform, under the ticker FBCBT, and is available to accredited investors only. Advisors can trade the fund with the same efficiency and ease as trading ETFs.
The way I would do it is to sell bitcoin futures contracts, which are traded on the Chicago Mercantile Exchange. To do this you need a futures trading account and you must study the mechanics of futures trading. A futures contract is a contract to buy or sell something on a future date, generally up to a year, at a specific price. If you buy and it goes up you can sell at a profit, likewise if you sell and it goes down. There are futures contracts in grains, livestock, metals, oil and gas, and even the stock market. Google "bitcoin futures" to learn more.
OnceDear is a Dear!
January 28th, 2019 at 9:14:08 AM
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Bitcoin = 6 BILLION WIPED OUT/ Bitcoin drops to $3,350 Ethereum down 7% today. From $112 to $104.
BUY NOW !!!!!!
BUY NOW !!!!!!
January 28th, 2019 at 9:17:40 AM
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How high did it peak at?
The older I get, the better I recall things that never happened
January 28th, 2019 at 9:25:59 AM
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Quote: billryanHow high did it peak at?
$19.6k
January 28th, 2019 at 9:43:42 AM
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Quote: jackmagic777Bitcoin = 6 BILLION WIPED OUT/ Bitcoin drops to $3,350 Ethereum down 7% today. From $112 to $104.
BUY NOW !!!!!!
Never buy into ponzies. Early adopters are to profit from late adopters by design in the bitcoin project. That's the definition of a ponzi, being it decentralized or not. Value/money can not be created out of thin air.
Don't beat yourself up over past mistakes, you are going to f*** up again in the future, quite possibly in the most spectacular fashion, why worry about yesterday's f*** up's when you have tomorrow's f*** up's to look forward to?
You are a f*** up, and f***** up is part of your growth process, embrace the process.
January 28th, 2019 at 10:22:53 AM
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Imagine if you were an early buyer and had set $20K as your sell point.Quote: gamerfreak$19.6k
I had the opposite situation last week with Tesla. Had a buy order for $300 and twice it went below $301 without breaking $300. It finally did after a week of trying.
The older I get, the better I recall things that never happened
January 28th, 2019 at 11:48:41 PM
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$1400 seems to be in play. May see a hold around $1900. Will be looking at it again sub 2k.
January 29th, 2019 at 12:07:22 AM
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Quote: billryanImagine if you were an early buyer and had set $20K as your sell point.
You would still have a lot of profit. Several years ago the price was about $100 per BTC. Or if you bought bitcoins in 2011, the price was about $1.
January 29th, 2019 at 1:34:22 AM
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Quote: billryanImagine if you were an early buyer and had set $20K as your sell point.
Imagine if you were a pan. Your bum would've been always warm, your belly would've been always greasy, and everyone would've been grabbing you by the handle.
Don't beat yourself up over past mistakes, you are going to f*** up again in the future, quite possibly in the most spectacular fashion, why worry about yesterday's f*** up's when you have tomorrow's f*** up's to look forward to?
You are a f*** up, and f***** up is part of your growth process, embrace the process.
February 6th, 2019 at 3:54:36 AM
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the crypto exchange Quadriga's CEO died and he was the only one with the password to unlock it and nobody can get into it
the exchange was handling about $180 million and one guy has a claim for $70 million
I was admittedly a fool to play with this stuff and I will never again be tempted by anything similar
I had gone since 1999 and the tech boom since yielding to temptation
fortunately I got in with only a very small amount
https://www.nytimes.com/2019/02/05/business/quadriga-cx-gerald-cotten.html?action=click&module=Latest&pgtype=Homepage
the exchange was handling about $180 million and one guy has a claim for $70 million
I was admittedly a fool to play with this stuff and I will never again be tempted by anything similar
I had gone since 1999 and the tech boom since yielding to temptation
fortunately I got in with only a very small amount
https://www.nytimes.com/2019/02/05/business/quadriga-cx-gerald-cotten.html?action=click&module=Latest&pgtype=Homepage
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
February 6th, 2019 at 7:48:11 AM
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Does the word PONZI ring a bell ?????
February 6th, 2019 at 9:06:37 AM
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Quote: jackmagic777Does the word PONZI ring a bell ?????
Some people like the US Dollar ponzi, others like BC. Gentlemen prefer silver and platinum.
100% risk of ruin
February 6th, 2019 at 1:12:21 PM
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You left out gold. The Hunt brothers say silver can only increase in value...LOL
February 6th, 2019 at 1:27:33 PM
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I have a standing buy order on Tesla at 290. It kicked in a few weeks ago. Have a sell order at $325. Stock broke $322 twice yesterday. Missed it by that much. I'd been hoping to pay my February rent with the proceeds. Guess it will be March now.
The older I get, the better I recall things that never happened
February 6th, 2019 at 1:31:20 PM
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Quote: billryanI have a standing buy order on Tesla at 290. It kicked in a few weeks ago. Have a sell order at $325. Stock broke $322 twice yesterday. Missed it by that much. I'd been hoping to pay my February rent with the proceeds. Guess it will be March now.
Just pray Elon doesn't have a public meltdown or go through a breakup.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
February 6th, 2019 at 1:33:23 PM
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I'm still buying more BTC don't @ me
"Man Babes" #AxelFabulous
February 6th, 2019 at 2:55:02 PM
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Quote: djatcI'm still buying more BTC don't @ me
When Macys has a 50% off sale, everyone flocks to shop. Why not buy BC when its so heavily discounted? $50 now might make you a brazilian later.
The older I get, the better I recall things that never happened
February 6th, 2019 at 3:02:06 PM
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Quote: billryanWhen Macys has a 50% off sale, everyone flocks to shop. Why not buy BC when its so heavily discounted? $50 now might make you a brazilian later.
It wont go down more until I buy
"Man Babes" #AxelFabulous
February 6th, 2019 at 3:11:46 PM
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Quote: billryanI have a standing buy order on Tesla at 290. It kicked in a few weeks ago. Have a sell order at $325. Stock broke $322 twice yesterday. Missed it by that much. I'd been hoping to pay my February rent with the proceeds. Guess it will be March now.
At least you have all those soap dishes to fall back on.
February 7th, 2019 at 5:37:37 AM
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Bill, I don't know if this was intentional or just autocorrect, but it cracked me up!Quote: billryan$50 now might make you a brazilian later.
"Dealer has 'rock'... Pay 'paper!'"
September 11th, 2019 at 10:36:33 PM
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I found this humorous.
Top Seven Ways Your Identity Can Be Linked to Your Bitcoin Address
7. Getting a Visible Tattoo of Your Bitcoin Address
Top Seven Ways Your Identity Can Be Linked to Your Bitcoin Address
7. Getting a Visible Tattoo of Your Bitcoin Address
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
September 11th, 2019 at 11:48:30 PM
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Quote: AxelWolfI found this humorous.
Top Seven Ways Your Identity Can Be Linked to Your Bitcoin Address
7. Getting a Visible Tattoo of Your Bitcoin Address
g]
wtf lol
March 13th, 2020 at 7:06:40 PM
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Damn risking $1000 to make $20 has never been more stressful, and other-thought blocking. I'm loving this video game I'm playing where you try predicting where that little white line goes next.
I am a robot.
March 29th, 2020 at 8:44:43 AM
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Bitcoin has been going up since the crash to $4400 a few weeks ago, yet I have managed to lose quite a bit. The money sits there with no stock action, so I want to be entertained. Within less than 15 minutes of me buying, it drops $400 in value, so I try holding it for days instead of jumping in and jumping out and nothing. Watch the site is going to go BK one day as soon as I go in it. I can't complain, I'd rather think about losing $100 than anything else right now. It's good humor for me.
There have been a few times with insta crashes around 7-8pm(in my short sample of inconsistent observation), give or take, I'd be interested in if these kinds of things have some rhyme or reason.
There have been a few times with insta crashes around 7-8pm(in my short sample of inconsistent observation), give or take, I'd be interested in if these kinds of things have some rhyme or reason.
I am a robot.
March 29th, 2020 at 8:51:01 AM
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HODL. Long term!
I've been accumulating and hodling since 2010 or so.
I've been accumulating and hodling since 2010 or so.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
