31–40 of 91 posts
And I just purchased my first Bitcoins last week. *sigh*
also, i highly recommend this guys channel: https://www.youtube.com/channel/UClgJyzwGs-GyaNxUHcLZrkg
But I think Bitcoin has too many flaws to be used as a digital currency, the very long term value is nil, and I think this is a safe bet.
It will be replaced by something else.
Things that go up for no apparent reason can come down for no apparent reason.
In this particular case, the no apparent reason is certain person known to speculate with cryptocurrencies suddenly decided he'd go on to publicly bash the thing he pumped in the past "for no apparent reason". I mean, we couldall speculate the price was a bit high for his taste and wanted a discount, or maybe he really believes what he said. That said, I agree that bitcoin price is kind of a bubble, and something tha…
Maybe Elon is the trigger for the 30% drop over the last few days... but remember he didn't announce his initial holdings until mid-February 2021, which was after the 5x surge. If anything his timing was awful.
Everything in hindsight is pure speculation and rationalization. Nobody has a clue, markets are complex, volatile and full of irrational actors.
Things that go up for no apparent reason can come down for no apparent reason.
Unless they patch bitcoin to remove energy intensive proof of work concept, bitcoin is goner in couple of year.
Things that go up for no apparent reason can come down for no apparent reason.
IMO it's quite following the same trends as the stock market. Elon Musk makes statements on Twitter about how Bitcoin is an environmental disaster and rolls back on accepting Bitcoin in payments for Teslas. Bitcoin goes down.
Things that go up for no apparent reason can come down for no apparent reason.
In this particular case, the no apparent reason is certain person known to speculate with cryptocurrencies suddenly decided he'd go on to publicly bash the thing he pumped in the past "for no apparent reason". I mean, we couldall speculate the price was a bit high for his taste and wanted a discount, or maybe he really believes what he said. That said, I agree that bitcoin price is kind of a bubble, and something tha…
Earlier quoted context omitted.
In this particular case, the no apparent reason is certain person known to speculate with cryptocurrencies suddenly decided he'd go on to publicly bash the thing he pumped in the past "for no apparent reason". I mean, we couldall speculate the price was a bit high for his taste and wanted a discount, or maybe he really believes what he said. That said, I agree that bitcoin price is kind of a bubble, and something tha…
My point is nobody has an answer to " Why did people bid up Bitcoin 5x from September 2020 to mid-Feb 2021?" Maybe Elon is the trigger for the 30% drop over the last few days... but remember he didn't announce his initial holdings until mid-February 2021, which was after the 5x surge. If anything his timing was awful. Everything in hindsight is pure speculation and rationalization. Nobody has a clue, markets are comp…
There is no doubt hedge funds are playing in this space with lots of money and skills to extract maximum value from the joe shmoes