What The Fuck Is Happening To Bit Coin?

It'll bounce. HODL. Ignore the FUD.

FUD!
FUD!
FUD!
FUD!
FUD!
FUD!
FUD!
FUD!

She lost me when she said bitcoin is nit crypto.. what?

Nice little bounce up over 30k again today.

https://www.coinwarz.com/mining/bitcoin/calculator

Here is a cool little calculator to play with. Most of the data is prefilled but you can go advanced to alter the BTC price. Pool fees for miners average around 2% and power at .12/kwh is common.

Interesting article predicting prices up to 2030.

https://medium.com/coinmonks/bitcoin...20%24689%2C000.

Lets not forget about ETH. 20 trillion market cap by 2030? wow.

In the long-term horizon, Ethereum's use case could continue to expand exponentially. "The second-largest cryptocurrency, according to Ark Invest, will meet or surpass a $20 trillion market capitalization by 2030," a Markets Insider report says. "Each coin would be priced at around $170,000-$180,000.

In order to own a share of BTC, do you actually have to have money, actual money, somewhere?

If so, can that actual money decrease, or increase as the “value” of a bitcoin share goes up and down with Market trends.

Is there any possibility it could become worthless.?

In order to own a share of BTC, do you actually have to have money, actual money, somewhere?

If so, can that actual money decrease, or increase as the “value” of a bitcoin share goes up and down with Market trends.

Is there any possibility it could become worthless.? Originally Posted by Jackie S

Yes... you have to purchase the bitcoin. But it's like a stock you can buy fractional coin... I have a weekly buy of a couple hundred dollars... I buy a smaller fraction when it's up and a larger fraction when it's down.

And just like stock, yes it's worth in comparison to USD can change meaning it's valued higher lower but only in comparison to USD.

Yes... it could become worthless, but I think the likelihood of that is small unless there is a global Carrington event in which case, ammunition and clean water will be the only thing that matters. 10,000 rounds of 556 and .45 will see me well stocked.

I will be glad when it worthless, it all lies, there call you money feit and implay bit coin not, there use word mining it not it account, there no access to Bitcoin software for the general public.

what? no gloating about yer oil stocks? how much has the rest of your holdings lost? Originally Posted by The_Waco_Kid

I've been up across the board!

I don't like to gloat with all you ladies crying about poor Joe Biden like he is your stock broker!


I was about to jump in on Coinbase and still might but I wish I'd picked it up in the 40's.

Check out gbtc and riot. They trend with the btc price.

I was about to jump in on Coinbase and still might but I wish I'd picked it up in the 40's. Originally Posted by WTF

That think got absolutey slaughtered the past 6 months. But nobody who held it that long has lost until they sell it. Right guys?

Why would anyone think government entities won’t control this. Controlling monetary policy is governments way to assist or control people.

Yes... you have to purchase the bitcoin. But it's like a stock you can buy fractional coin... I have a weekly buy of a couple hundred dollars... I buy a smaller fraction when it's up and a larger fraction when it's down.

And just like stock, yes it's worth in comparison to USD can change meaning it's valued higher lower but only in comparison to USD.

Yes... it could become worthless, but I think the likelihood of that is small unless there is a global Carrington event in which case, ammunition and clean water will be the only thing that matters. 10,000 rounds of 556 and .45 will see me well stocked. Originally Posted by texassapper

Plus a good 12 gauge pump.

Statement:

You aren't down until you sell. If you believe in the stock of course average down and buy. Originally Posted by royamcr

Reply:

Biggest myth Wall Street ever concocted. Hedge Fund Managers repeat it, to keep you invested in a crap Market, and you get shorn like a Sheep.

Congrats Bitcoin holders. Y'all are down 20% this week!

Oh sorry, you aren't down until you sell. My bad.

You had $100 Monday, now you have $80. That's ok, you will make 25% next week and be even Originally Posted by Chung Tran

Yes, royamcr. Good point. You haven't incurred a loss until you sell!

Too bad the billionaire Hunt Brothers of Dallas forgot that important concept in the immediate aftermath of "Silver Thursday" in 1980.

Unfortunately for them, the silver market suddenly started tanking and they couldn't meet Bache's $100+ million margin call.

They fucked up by failing to get their attorneys on the phone immediately to read the riot act to Bache and a couple of other Wall Street houses.

"Hey! You're not allowed to issue a margin call to our clients. Their valuations are not "down," since they have not decided to sell quite yet!"

As for the bitcoin "cryptocurrency," here's my contrarian take:

It's often said to be a "Ponzi scheme," a cryptocurrency, an "investment," an inflation hedge, or a store of value.

First, it isn't a Ponzi scheme because that's simply not how it's structured. (If you doubt that, look up the definition of Ponzi scheme.)

Second, it isn't a cryptocurrency for the simple reason that it isn't a currency. In order to function as a currency, something must be generally acceptable as a medium of exchange.

Third, it isn't an investment because it has no intrinsic value, no assets, and no earnings. It's nothing more than a speculative gaming chip.

Fourth, it's highly uncertain (to say the least!) that it's likely to serve well as either an inflation hedge or a store of value.

Yes, it's possible that bitcoin will eventually go to $100K or even to $500K/coin sometime in the future.

But there are a lot of ways this could go off the rails. The US government and other governments around the world might sharply restrict or regulate BTC in some way. Some other "cryptocurrency" might become the hot flavor of the month and take its measure. Big traders and whales might repeatedly pump it, ride it, and dump it through many cycles, keeping it within a narrow trading range or even driving it net down over time.

For those who decide to "HODL" over an extended multiyear period, good luck!

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Yes, royamcr. Good point. You haven't incurred a loss until you sell!

Too bad the billionaire Hunt Brothers of Dallas forgot that important concept in the immediate aftermath of "Silver Thursday" in 1980.

Unfortunately for them, the silver market suddenly started tanking and they couldn't meet Bache's $100+ million margin call.

They fucked up by failing to get their attorneys on the phone immediately to read the riot act to Bache and a couple of other Wall Street houses.

"Hey! You're not allowed to issue a margin call to our clients. Their valuations are not "down," since they have not decided to sell quite yet!"
Originally Posted by CaptainMidnight

I assume you're employing a form of sarcasm to your ''good point royamcr...'' Remark. Because your example contradicts your statement.

I'll repeat without sarcasm. To say you haven't lost until you sell has to be the dumbest catch-phrase Wall Street people ever devised.