Earlier quoted context omitted.
Yeah...$20 million market cap seems reasonable... smh...
What is "smh"?
"shake my head"
Bitcoin blow as fund drops U.S. exchange application
11–20 of 77 posts
Re: Bitcoin blow as fund drops U.S. exchange application
#12Re: Bitcoin blow as fund drops U.S. exchange application
#13RIP bitcoin. Current valuation is $4142.99 higher than it should be.. Im thinking we will get there within a couple of years. $1-2 seems about right per 1 BTC.
So, the fact that people are over-paying for bitcoin by 2-3x its market price suggests to you that demand will rapidly decrease?
can you please connect that with logic?
Re: Bitcoin blow as fund drops U.S. exchange application
#14RIP bitcoin. Current valuation is $4142.99 higher than it should be.. Im thinking we will get there within a couple of years. $1-2 seems about right per 1 BTC.
As someone involved in this stuff since 2011, the constant "death of Bitcoin" predictions are sooooo tedious.
Re: Bitcoin blow as fund drops U.S. exchange application
#15RIP bitcoin. Current valuation is $4142.99 higher than it should be.. Im thinking we will get there within a couple of years. $1-2 seems about right per 1 BTC.
Yeah...$20 million market cap seems reasonable... smh...
There is utility in BTC thats why im putting 1-2$ value on it.
4000$ + per one BTC is pure insanity that will soon end badly for most "speculators".
There is nothing new under the sun. Go back to the tulips and many booms and busts after. Its happening with BTC now. And just like all the others it will end the same.
Re: Bitcoin blow as fund drops U.S. exchange application
#16Its been priced in that nobody expects the SEC to approve that application.
But pay attention to this space, the guy who worked on the Winklevoss Bitcoin ETF - which got rejected too - has taken the job at the SEC of approving ETFs. The last guy finally quit because of some red herring about supporting the trump administration or something (the Chairwoman Commissioner quit too)
I love when a power vacuum gets people I like in government, especially when nobody is noticing.
Re: Bitcoin blow as fund drops U.S. exchange application
#17That's overstated. I can already exchange Bitcoin easily and it's the best return I have of all my funds.
This is a bit different, BIT is an open-ended trust that derives its value solely from the price of Bitcoin; not a direct exchange of Bitcoins.
Re: Bitcoin blow as fund drops U.S. exchange application
#18RIP bitcoin. Current valuation is $4142.99 higher than it should be.. Im thinking we will get there within a couple of years. $1-2 seems about right per 1 BTC.
As someone involved in this stuff since 2011, the constant "death of Bitcoin" predictions are sooooo tedious.
getting the timing right is pretty much next to impossible. this does not change the fact that it will ultimately end that way.
Re: Bitcoin blow as fund drops U.S. exchange application
#19Earlier quoted context omitted.
As someone involved in this stuff since 2011, the constant "death of Bitcoin" predictions are sooooo tedious.
getting the timing right is pretty much next to impossible. this does not change the fact that it will ultimately end that way.
What about the cryptomarket as a whole, 1-2$ total down from 100-200 billion?
Re: Bitcoin blow as fund drops U.S. exchange application
#20Earlier quoted context omitted.
Yeah...$20 million market cap seems reasonable... smh...
There is utility in BTC thats why im putting 1-2$ value on it. 4000$ + per one BTC is pure insanity that will soon end badly for most "speculators". There is nothing new under the sun. Go back to the tulips and many booms and busts after. Its happening with BTC now. And just like all the others it will end the same.
the fact that you tout the "tulip mania" example shows that Bitcoin and markets are not the only things you know little about:
http://www.smithsonianmag.com/history/there-never-was-real-t...
> BTC is pure insanity that will soon end badly for most "speculators"
> Its happening with BTC now
Join the long line of people that have been saying this for almost 5 years and have been so soooooooooo wrong