Earlier quoted context omitted.
Gold wouldn't have this role if there was not substantial consumer and industrial demand for it.
Bitcoin wouldn't have any value if there wasn't demand for it.
In the short term price and value don't have to align.
Bitcoin Surpasses $4,000, Reaches Another Milestone
41–50 of 92 posts
Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#42What's Bitcoin use case besides speculation? Buying $10 worth of namecheap domain and pay $5 on fees no thanks!
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Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#43Is it too late for the average joe Software Engineer to invest in Bitcoin?
In the words of Roger Ver - it's never too late. 5 years from now people will be kicking themselves for not getting into bitcoin when it was at $4000.
Ver is a convicted felon. He's also the guy who posted a video saying he'd looked at Mt. Gox's records and they had all the assets they said they had.
Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#44I sold mine a few days ago around $3100 which is slightly annoying. I did buy most of them at about $500 though. At this price there is definitely going to a be a sell off and I'll get in again then.
Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#45Is it too late for the average joe Software Engineer to invest in Bitcoin?
Not, but you have to be prepared for not touching your investment for 5 years because of the high volatility (which means the price could go down to $1000 for a year temporarily, than back up to $10000). Here's a logarithmic graph of the price over the last few years, the slow price drop from $1000 to $200 was painful for most investors: https://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25...
> which means the price could go down to $1000 for a year temporarily, than back up to $10000
I'm bullish on Bitcoin, but you should also acknowledge the price could go to down to $1000 or $100 or $0 and stay there.
Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#46I sold mine a few days ago around $3100 which is slightly annoying. I did buy most of them at about $500 though. At this price there is definitely going to a be a sell off and I'll get in again then.
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Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#47What's Bitcoin use case besides speculation? Buying $10 worth of namecheap domain and pay $5 on fees no thanks!
Sending money is a good use case.
Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#48Can you get an IRA portfolio based on cryptocurrency? It would be nice to be able to invest in btc with the same kind of tax benefits you get with a traditional stock based IRA.
This company lets you set up a self-directed IRA and buy Bitcoin or Ethereum with your IRA https://bitcoinira.com I don't know if this is legitimate or not.
Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#49Earlier quoted context omitted.
a decentralized, unseizable, cross-border, deflationary store of value. it's next-gen gold.
unstable and unusable. next-gen pyramid scheme
I sure hope so for your sake, because if the real bubble is fiat money, and you have 0 cryptocurrency, you are basically screwed.
Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#50I sold mine a few days ago around $3100 which is slightly annoying. I did buy most of them at about $500 though. At this price there is definitely going to a be a sell off and I'll get in again then.
Why did you sell it? If you needed the cash that makes sense, but else if you've believed in it for a couple years, then why now?