Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record
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Re: Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record
#2Sound like a new bubble?
Re: Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record
#3Looks like it won't break the $20k threshold again. Back down it goes... I knew this was about to happen again when, just like last time, I heard regular "non-techy" people talk about it at work.
Re: Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record
#4It seems like a lot until you consider that it has been surpassed by many other investments in terms of gains such as Tesla, Paypal, Palantir stock and others. The days of Bitcoin going up 10-50x in a year are over, but still interesting to see what happens next. I think increasing regulation and the use of blacklists and 'coin tainting' erode whatever use bitcoin has though, as there will be no fungibility. This makes bitcoin worse than even cash in terms of being usable and censorship-resistant.
Re: Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record
#5I still only have $11 of BTC :(
Re: Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record
#6It seems like a lot until you consider that it has been surpassed by many other investments in terms of gains such as Tesla, Paypal, Palantir stock and others. The days of Bitcoin going up 10-50x in a year are over, but still interesting to see what happens next. I think increasing regulation and the use of blacklists and 'coin tainting' erode whatever use bitcoin has though, as there will be no fungibility. This mak…
Given that BTC isnt based on any NPV or earnings multiple or industrial use value but is rather based on scarcity value, I dont see why gaining 10-50x returns are any more or less likely than, say, losing 90% of the value.
Could anyone provide a more methodical way of thinking about this?
Re: Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record
#7It seems like a lot until you consider that it has been surpassed by many other investments in terms of gains such as Tesla, Paypal, Palantir stock and others. The days of Bitcoin going up 10-50x in a year are over, but still interesting to see what happens next. I think increasing regulation and the use of blacklists and 'coin tainting' erode whatever use bitcoin has though, as there will be no fungibility. This mak…
How so? Bitcoin is the best performance asset class.
Re: Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record
#8It seems like a lot until you consider that it has been surpassed by many other investments in terms of gains such as Tesla, Paypal, Palantir stock and others. The days of Bitcoin going up 10-50x in a year are over, but still interesting to see what happens next. I think increasing regulation and the use of blacklists and 'coin tainting' erode whatever use bitcoin has though, as there will be no fungibility. This mak…
Consider this: you only cited US stocks, that's not exactly open to the whole world.
Bitcoin is much more accessible, (arguably) converts to local fiat faster than US$ -> local, and having gains of 100% or close to it in a span of a few months is nothing to laugh at.
Re: Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record
#9Looks like it won't break the $20k threshold again. Back down it goes... I knew this was about to happen again when, just like last time, I heard regular "non-techy" people talk about it at work.
I know it's gonna hit 20k at some point since I haven't seen media talking about it yet. Not enough FOMO
Re: Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record
#10Looks like it won't break the $20k threshold again. Back down it goes... I knew this was about to happen again when, just like last time, I heard regular "non-techy" people talk about it at work.
You can short it and still make money. Go ahead.