Quote:
Originally Posted by Pedroalva
(Post 1012931)
So it's time to play with the real money not the monopoly ones
|
yeah,and get a chance to lose real money !!!
Quote:
Originally Posted by tablain
(Post 1013003)
Its quite hype in last 1 week and drop is certain.
So be careful guys.
|
Look at gold,before/after the China/trump talk.
never below 9k,can you guarantee with blood?
beauty is in the eyes of the beholder.
as long as enough users believe it is a store of value,I can use it to get a chicken,a leg of lamb,see a doctor,fix the plumbing of my house.
some day when a major castatrophe hits this planet,we would have a hard time to convince any seller that gold,cash,stamps,diamond,cryto,t bills would be good enough to exchange his chicken which lay eggs,aspirin,tobacco,diesel,water,even chewing gum or shampoo.
I think the most worthless item in the world is diamond!
I take it back,diamond has industrial use,may be collectibles is worthless like Mickey Mouse,Minnie Mouse !
There is a father who built a portfolio of cabbage dolls for his children college fund
november 87,00?????????
It could go up some more,Mnuchin does not want to aid state and non profit programs and want some of its money back from the Fed,Biden will be launching huge infrastructure bill,Wall Street is forecasting a negative GDP for 2021,all this spells weak dollar.
Taxes under Biden will go up too,if you are in high income bracket.
I watch Gold,I dont do Bitcoin,I can no longer afford to buy more gold
There is a guy from Hoover Institution interviewed by Barrons this week recommended bitcoins,he thinks as this COV19 situation drags on,more institutions will accept bitcoins,think of it as digital gold.
He said the fact thatPaypal can be used for bitcoin is not that relevant,as buyers are not using it to buy coffee at Starbuck but as an alternative to gold,and there is a scarcity built into it,unlike the paper money pumped out by central banks around the world.
Quote:
Originally Posted by Soundofsilence
(Post 1129401)
Does that mean, I should buy now ?
|
You are in India,arent Indian big on 24K gold?
Give me some of your gold
Biden is expected to announce huge infrastructure plan to lift the economy ,Yellen of course is the Tiny Tim dancing around tulip garden,US $ has been weakening in recent months and not getting any better,all that will lift gold,silver,platinum ,so is inflation rising .As our dollar weakens,imports will cost more and God know how much we import each day,month and year and if not whole goods,then parts and components need t o meet infrastructure needs.
21,344 in future market
not a good sign when both Bitcoin and Gold go up,US $ DOWN
gold is going up,Bitcoin is going up,dollar is going down,we will be paying more for food and staples.
why did you delete my post?
You could have save yourself some money .
Does Bitcoin a medium of exchange,where can I use bitcoin?
is it a store of value?how so?
Quote:
Originally Posted by Soundofsilence
(Post 1136333)
1. Yes
2. Where people/company/store/e-commerce or anyone accepts bitcoin as a mode of payment.
3. No
Then what is bitcoin ?
Watch "The rise and rise of bitcoin" documentary for basic understanding.
Personal advice : by reading about bitcoin you won't be able to understand what it is clearly but if you watch high quality content about it like the above documentary then you'll begin to develop basic infrastructure in the mind which will be useful to understand the deeper concepts of bitcoin after further reading.
Start with videos and end with reading and unless you're able to explain to newbie what bitcoin is, simply don't invest money.
Not because it's not safe but because you may get poor quality sleep wondering what will happen to my money.
Once you understand what bitcoin is, you'll feel safer then any financial institution and have sound sleep so remember golden rule "What is bitcoin must be absolutely clear before spending savings on bitcoin".
|
--
thanks for your sound advice.
then I have another question,I understand it is getting scarcer,so if anyone wants to buy now,he will pay a higher price,if it is a medium of exchange BUT not a store of value,am I overpaying for my bitcoin?
and why does Warren Buffet call it RAT POISON ?
wonder why? as gold is not plunging?
you know with the upcoming stimulus package,a lot of money would have to be raised and rate will be attractive enough to entice the buyers,could it be they are saving their money to buy US treasury instruments,and municipal bonds.
Muni bonds are tax free,so if the rate is 2 %,you are actually getting 4%
still dropping-$1473?
dear true cryto enthusiast-
People like agent are short sighted and ignorant of how this market works. As someone said - he reminds me of chicken little. Its easy to tell others the sky is falling and to sell and offer absurd and baseless advice when you yourself have nothing on the line.
-------------
I am standing by ready to buy all of you Mac breakfast ,as Bitcoin is now below my forecast of 38K and Wall Street 37K.
See you at $28K
Quote:
Originally Posted by SaiJin
(Post 1186032)
I don't consider them investment coins. But yea, they are stable since they are basically US dollars
|
then why not just hold US dollars?
Quote:
Originally Posted by slokor
(Post 1186177)
Hope everybody listened to Agent and sold their BTC when he told them to.
Oh wait...
LOL!
But seriously now - doing what he did is stupid so I will not repeat his stupidity no matter how high BTC climbs or sinks. It is pointless to look at any given moment in time when the proper way to evaluate it is as a continuum.
Agent - maybe apologize for the poor advice?
|
what apology?
It cant stay above $40K.
And you are ?????????
There is an article in Barrons this week on Grayscale ,why it is selling at such discount .
It is the largest Bitcoin holder.
You wanna be a good trader =leave your emotion behind
Bitcoins has not been doing too bad lately ,folks are turned off by world central banks locking up Russian Cental bank's foreign reserves.
It makes one wonder would they do the same with mine?better hold something else -grain,gold,cryptos,copper,palladium.
