Bitcoin to hit $500,000 mark by 2030?
Poll
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| | 3 votes (5.35%) | ||
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| | 15 votes (26.78%) | ||
| | 15 votes (26.78%) | ||
| | 3 votes (5.35%) |
56 members have voted
Hmmmf.Quote: OnceDearPity we didn't get our comm's sorted out when it was hovering around 15000. I'd have taken the 20% wager and by now would have been feeling quite confident. 17440 high point so far today.
You taking the hit at the price you did might yet turn out to be a good case of cutting your losses.
BC price has continued to slowly and steadily decline and is now bobbing about $15150 after being within a short stroll of $20,000
So.... Maybe I too dodged a bullet having no takers on my offer of a wager.
On a log scale chart, the price has now cut downward through it's steady uptrend. I suspect we are reaching an inflexion point from which we either resume uptrend or plunge. It's not going to roll sideways on the chart for long.
https://www.cryptocompare.com/coins/btc/overview/USD
Quote: OnceDearHmmmf.
BC price has continued to slowly and steadily decline and is now bobbing about $15150 after being within a short stroll of $20,000
The stronger the dollar gets, the weaker
BC will be. The tax cuts should cause BC
to plummet.
Quote: EvenBobThe stronger the dollar gets, the weaker
BC will be. The tax cuts should cause BC
to plummet.
Perhaps the opposite. Tax cuts without spending cuts will increase the debt, and lead us closer to the lack of faith in the US dollar. Bitcoin is an alternative.
But I hope you are correct. Seeing bitcoin plummet would be a good thing.
Quote: MaxPenQuote: IbeatyouracesQuote: BozQuote: WizardWell, let the record show I invoked my option at the absolute peak of Bitcoin. Here it is two days later and Bitcoin is at around $14,000 and falling by the minute. A drop of 19%. Could my buy back been timed at a worse possible minute? I sold even higher than the peak of this graph. Not only did I sell at the absolute worst possible minute but also picked a source (Google) as a source quoting a high price. At the time I sold the market was so crazy the values ranged from source to source by hundreds of dollars.
I am beside myself with misery on this. Thank you for sharing in my pain.
Only answer, the “Mob” run Bitcoin industry has it out for you.
But are they the "Chinese" mob?
In a sense YES. Whenever 40% of something is owned by a relatively small group it is subject to influence.
The wealthiest 10 percent of U.S. households have captured a whopping 76 percent of all the wealth in America. And that number is considerably higher than in other rich nations. Hmmmm.....
Quote: OnceDearHmmmf.
BC price has continued to slowly and steadily decline and is now bobbing about $15150 after being within a short stroll of $20,000
So.... Maybe I too dodged a bullet having no takers on my offer of a wager.
On a log scale chart, the price has now cut downward through it's steady uptrend. I suspect we are reaching an inflexion point from which we either resume uptrend or plunge. It's not going to roll sideways on the chart for long.
https://www.cryptocompare.com/coins/btc/overview/USD
I meant to PM you but have been way too busy and forgot.
I would have bet that it would hit 16k before it hit 21k if that was the type of action you were looking for. I would have only wagered a few dollars though lol
or.... to give it context...Quote: gamerfreak
Quote:Nov 5, 1999, Las Vegas, Nevada, USA: Attorney Frank Totti looks over papers while his client Frances Mountain sorts out Beanie Babies with her ex-husband Harold Mountain in Judge Gerald Hardcastle's Family Courtroom in Las Vegas November 5. The couple, who were divorced four months ago, were ordered to divide up the collection valued at $2,500 to $5000 but were unable to do so by themselves. The collection was ordered spread on the court floor and divided up one by one under the supervision of Family Court Judge Hardcastle.
Maple the Bear was the first to go.
You'd have won easily... $13,200 now and gaining momentum just like this.Quote: gamerfreakI meant to PM you but have been way too busy and forgot.
I would have bet that it would hit 16k before it hit 21k if that was the type of action you were looking for. I would have only wagered a few dollars though lol
Thankfully I traded some of my coins into BTC before the dive, since those lost much more % value than BTC did.
I predict BTC will be >= $25,000 by year's end.
So, since I've seen and mentioned the Beanie Baby (and Pet Rock) analogy elsewhere in the past, that little bit of matrimonial mayhem got me slightly curious. Enough to invest several entire minutes looking into B.Babies' actual long-run performance as a financial asset in the years after the hysteria. And then quickly discovered one of those mysteries of the human universe that I'm surely destined to never understand.Quote: OnceDearQuote: gamerfreak...<SNIP>...
...while his client Frances Mountain sorts out Beanie Babies with her ex-husband Harold Mountain in Judge Gerald Hardcastle's Family Courtroom...
...<SNIP>...
...Maple the Bear was the first to go...
It appears that now, more than fifteen years later, prices for just that one Beanie item highlighted above, Mr. Maple Bear, are being quoted in a range of about $3,500 up to $10,000, depending on condition and some other weird esoteric stuff that people who are Bonkers for Beanie Babies apparently care about more than a significant stack of official green paper portraits of Benjamin Franklin printed by the US Treasury. But it seems Pet Rocks have not performed quite so well as a store of value or medium of exchange since the days of their frenzied peak demand price, since I can only find their distant cousins in the Rock family being quoted for sale by the ton or cubic yard.
LINK TO EXAMPLE OF CURRENT LISTING FOR SALE OF PRECIOUS 'BABIE'
Go figure. I can't.Quote: Beanie BozoTY Beanie Babie "MAPLE" VERY RARE NEW!, MWMT Quality, Multiple Tag Errors
$10,000.00
MAPLE # 4600 1996 --- NEW! MUSEUM QUALITY --- Multiple Tag Errors!
*Rare Numeric Birth Date
*Rare Deutschland 90008 Nurnberg Designation on Swing Tag
*No comma between Oak Brook and IL on both tags
*EXTREMELY RARE Double Tush Tags
*No stamp or number inside Main Tush Tag ( Means not Mass Produced )
*RARE P.V.C. pellets ( Means Original Version)
Original Owner!! This Brand New Fabulous Collectors item was stored from the day of purchase & was NEVER handled. MARVELOUS Condition!
Quote: A. Gary Shilling (or some insist originally John Maynard Keynes)
Markets can remain irrational a lot longer than you and I can remain solvent.
Quote: ZenKinGWho was that genius who called the downtrend again? Damn, people really need to start listening to that guy. Its like clockwork
I am not sure? Did your self ploclaimed genius say it was going to plumet right before it nearly went to 20k.
Cold start is somewhere in the 3500-6000 range. I'm sure there was some cold start arbitrage bets made the minute this hit the Chicago exchanges.
I would be amazed to see a double top in the chart after first expiry before dropping into the above levels.
Quote: ZenKinGWho was that genius who called the downtrend again? Damn, people really need to start listening to that guy. Its like clockwork
It was about $14,000 when you called for the down trend, IIRC. It's at $12,000 right now. Even if it does keep going down (I don't think it'll drop below 10k), I suspect once it hits the bottom, it will very very quickly recover.
Perhaps my earlier post was a bit optimistic saying I think it'll get to 25k by the end of the year, but I still think it'll happen relatively soon.
I'm happy to see my 24-hour portfolio change is down to only -32% instead of -40%+ like it was earlier. So I'm thankful for that?
Quote: WizardBitcoin down 33% in five days. I have a bet that it will be below $10,000 at 12:01 AM Jan 1. Looks like I have some hope to finally win a Bitcoin bet.
I am interested in booking action on some your Bitcoin bets😃
You should perhaps have put your money where your mouth is.Quote: ZenKinGWho was that genius who called the downtrend again? Damn, people really need to start listening to that guy. Its like clockwork
It was always easy to predict that BC would crash, and some might even have had an opinion on when and at what value. I was offering a wager that it would climb, so if you knew it would plunge, you could have taken me for many $$$. Wizard had a strong opinion it would crash, so if you thought otherwise, he might have booked your action.
Coinbase is back up.Quote: DeucekiesAnd Coinbase has turned off buying and selling, so my money is hostage. Lovely.
I think this makes a solid case for taking your holding away from their platform ASAP
Quote: OnceDearCoinbase is back up.
I think this makes a solid case for taking your holding away from their platform ASAP
I've only had a holding for three days. I'm convinced I'm the reason for the plummet. Just like I'm the reason Rousey lost to Holm, the Falcons lost to the Pats, etc.
Quote: DeucekiesI've only had a holding for three days. I'm convinced I'm the reason for the plummet. Just like I'm the reason Rousey lost to Holm, the Falcons lost to the Pats, etc.
Since you have this ability would you please bet on whomever is playing the Patriots, 🤣
Quote: OnceDearCoinbase is back up.
I think this makes a solid case for taking your holding away from their platform ASAP
DEFINITELY!!!
If you have Bitcoin put it in your own wallet. These places that store your coins are ripe for being hacked because of how much they are holding. It is very unlikely anyone would hack your personal wallet.
it was actually in the 10800 rangeQuote: AxelWolfAt one point today BC was in the 12k range and now its about 14375.58
I guess I should have said, when I looked at about 11 am it was in the 12k range.Quote: OnceDearit was actually in the 10800 range
He was also an unusually competent poker player for a dealer, particularly one who had just come into a lot of money. So I don't think he'll gamble it all back. He probably makes a small profit off poker and comps, so that will help. Good for him.
Quote: MaxPenI am interested in booking action on some your Bitcoin bets😃
How about a bet what will happen first, a 20% increase or decrease? I think we'll have to wait for the crash to subside to get a stable starting price.
Quote: WizardHow about a bet what will happen first, a 20% increase or decrease? I think we'll have to wait for the crash to subside to get a stable starting price.
I am interested and listening.
I know someone that's always into the get rich and multi marketing schemes.Quote: RigondeauxPlayed poker with a guy in his late 30s/early 40s who is a dealer. Well, used to be. He said he has an uncle who is always into get rich quick schemes and he usually throws him a few hundred bucks, largely out of pity. One of those schemes was bitcoin, in about 2013. After all was said and done, he cashed out just under half a million and retired.
He was also an unusually competent poker player for a dealer, particularly one who had just come into a lot of money. So I don't think he'll gamble it all back. He probably makes a small profit off poker and comps, so that will help. Good for him.
Perhaps one day he will hit big.
I'd wager a couple dollars via paypal that it will decrease to $12.5k before it reaches $16.5k, PM me.
go on roller coaster rides. One day the ride
will hit the bottom and stay there, it's
inevitable with a currency based on
nothing. It's a form of Ponzie scheme
with those who got in on the ground
floor profiting the most. And the majority
not at all in the end.
Quote: DeucekiesI've only had a holding for three days. I'm convinced I'm the reason for the plummet. Just like I'm the reason Rousey lost to Holm, the Falcons lost to the Pats, etc.
Do you like anybody in the NFL this week?
LOL
Quote: AxelWolfWhat happens when/if they make it much easier to buy and invest in bitcoin?
You hodl to the moon....assuming you own BTC, that is.
That's the situation in South Korea ( and probably some other Asian countries) , where Bitcoin 'ATM's have sprung up everywhere. The global frenzy has its heart in that region, and there seems to be a cultural difference, where certain countries embrace crypto and indeed embrace Ponzi.Quote: AxelWolfIt seems like just about everyone has heard of bitcoin but very few people own any. While it's not hard to buy them it's not really that easy to buy them. What happens when/if they make it much easier to buy and invest in bitcoin?
It's not unlike the situation that arose in Japan in the 80's. Then, investing in stocks and shares became a way of life for Japanese housewives, who would gamble the housekeeping money on the next big share sale. That led Japan to boom, but then enter a 22 year bear market.
https://m.investing.com/news/cryptocurrency-news/bitcoin-billionaires-may-have-just-found-a-way-out-aaron-brown-1020216
"That is, the buyer paid the seller $990,000 today, and has the right but not the obligation to buy 275 bitcoin for $13.75 million any time before December 28, 2018. These 275 bitcoin are held by the LedgerX clearinghouse and will be released on Dec. 28, 2018 to either the buyer (if the buyer exercises the option by paying $13.75 million) or the seller (if the buyer does not exercise)."
This week, the company announced it was switching direction from expanding the ice tea and getting into cyrpto-mining
Even changed the name from Long Island Ice Tea to Blockchaining or something.
When I read the email they sent out, I thought Dan had been hitting the eggnog too hard, but yesterday the announcement went public and the stock went up almost 200%.
I sold 75% of my shares. Hoped I was getting into the next Snapple and now I'm freerolling a company whose new direction I am clueless about. I'm quite sure many of the shareholders aren't happy about this.
Quote: billryanA company started by a friend that sold bottled ice tea went public a few years back. I was an early investor and had no complaints, although growth had stagnated in recent years and the prospect of a big sale to a major corporation had diminished. I got in under a buck a share and sold half when it went over $8 when it looked like it was going to be bought out .Recently it had drifted down to about $2, but it was about to break into Asia and Australia.
This week, the company announced it was switching direction from expanding the ice tea and getting into cyrpto-mining
Even changed the name from Long Island Ice Tea to Blockchaining or something.
When I read the email they sent out, I thought Dan had been hitting the eggnog too hard, but yesterday the announcement went public and the stock went up almost 200%.
I sold 75% of my shares. Hoped I was getting into the next Snapple and now I'm freerolling a company whose new direction I am clueless about. I'm quite sure many of the shareholders aren't happy about this.
Tell your buddy to get ready for the Security Exchange Commission to come knocking on his door. You're most likely free rolling something that will be removed from trading.
By coincidence, office is closed until Jan. 6th, although that is a family tradition. They shut down for two weeks every Christmas.
Quote: WatchMeWinI missed the bitcoin run but Ive done some research and I bought Ripple XRP at .80. Holding for 5 years min. They are a solid company and have signed up many credible global institutions as customers. Do your own DD before any buying , but I like this one at the low price. Although market cap is around 45 billion already, I see this eventually being well over 500 billion in market cap as their advanced blockchain technology is superior and more credible than it's competitors.... and our cash society in turning digital without dispute. Ive done a good amount of trading and stock analysis over the years... I view Ripple as a strong growth investment.
I don't own any ripple but the main thing ive heard against it is that banks love the ripple protocol but the coin is of little value - they'll issue their own coin. What say you?
