Where will Bitcoin be on 9/4/2018?
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9 members have voted
December 11th, 2018 at 12:23:58 PM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 | BC down another $70 today, at $3330, started at $3400. Hard to find any rally articles, most seem to be talking gloom. Wait for it to bottom out under $2000, everybody will cut their losses, then buying will begin again, hoping for another rally. The naysayers are predicting it's over, way too many lost a ton of money and they aren't going back. My friend invested in cookie jars in the 80's, when they were hot. Stuck his wife with over 2000 of them in the basement when he died in 97. She had an auction and couldn't give most of them away. He paid 10's of thousands for them. Bitcoin is the modern cookie jar, same results.. A collectible gone belly up. If you take a risk, you may lose. If you never take a risk, you will always lose. |
December 11th, 2018 at 1:23:03 PM permalink | |
kenarman Member since: Oct 24, 2012 Threads: 14 Posts: 4492 |
That pesky decimal point tripped you up again EB. World would be simpler without it. "but if you make yourselves sheep, the wolves will eat you." Benjamin Franklin |
December 11th, 2018 at 1:53:11 PM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
Too many zeros on my keyboard.. If you take a risk, you may lose. If you never take a risk, you will always lose. |
December 12th, 2018 at 11:14:52 AM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 | Here come the cheerleaders, those that have lost a huge pile of money on BC. They can't give up the dream. "I do believe Bitcoin is going to be digital gold. I keep telling my guys we’re a surfer getting ourselves in shape for when the next wave comes, and when the wave comes we’d better be the Laird Hamilton of crypto." He said earlier that they all believed $6000 was the bottom, but that's only because they were buying like crazy. Now that it's in the 3's, they have no idea what to do. A year ago it was $20,000.. If you take a risk, you may lose. If you never take a risk, you will always lose. |
December 12th, 2018 at 11:45:44 AM permalink | |
Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 | 17 December 2017 $19,783.06 according to Wikipedia Even today Bitcoin has a $60 billion market cap at price of less than $3500 per bitcoin. Sweden envisions there national cryptocurrency to have a market cap of $5-$6 billion, which is comparable to the value of banknotes in circulation in Sweden. In contrast, commercial bank money (based on debt) in Sweden is worth $220-$260 billion. With more and more businesses refusing to accept banknotes in Sweden, the central bank believes the entire cash infrastructure (including cash registers) will come close to collapse. Digital currency issued by the central bank increase the public's access to central bank money. The central bank cannot collapse, so the money is good even if there is a banking crisis like Sweden had in the early 1990s.
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December 13th, 2018 at 2:53:10 PM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 | Bitcoin BTCUSD, -0.04% fell to $3,230.00, down 6.1% since Wednesday at 5 p.m. Eastern Time on the Kraken exchange—its lowest level since Sept. 15, 2017. It appears bitcoin is now entering a death spiral: If the price continues to drop and the cost of mining does not fall correspondingly (the cost of mining will algorithmically decrease, but not necessarily to same extent as the decline in prices), bitcoin will quickly go to zero. https://www.marketwatch.com/story/bitcoin-is-close-to-becoming-worthless-2018-12-03 If you take a risk, you may lose. If you never take a risk, you will always lose. |
December 14th, 2018 at 11:49:56 AM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 | Monday BC was $3575, today $3175. All the experts are saying $3000 is here, and then down hill from there. A few are screaming buy buy buy, but not many. Bitcoin Cash Tanks 13 Percent as Major Cryptocurrencies All Fall Hard If you take a risk, you may lose. If you never take a risk, you will always lose. |
December 14th, 2018 at 6:04:31 PM permalink | |
Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
Central bank digital currencies (CBDC) using some of the same technology as private cryptocurrencies seem to be proceeding apace. 1EUR = 10.246 SEK
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February 22nd, 2019 at 7:08:40 PM permalink | |
petroglyph Member since: Aug 3, 2014 Threads: 25 Posts: 6227 | Blockchains are getting hacked: https://www.technologyreview.com/s/612974/once-hailed-as-unhackable-blockchains-are-now-getting-hacked/ The last official act of any government is to loot the treasury. GW |
February 23rd, 2019 at 8:49:16 AM permalink | |
SOOPOO Member since: Feb 19, 2014 Threads: 22 Posts: 4169 |
Anyone who bought bitcoin at $3175 has made 24% in the two months between when Bob posted this and now. I believe in the general concept that Bitcoin should be worth nearly nothing, but in the real world there is someone who will pay you $3925 for your single Bitcoin today. Bob, can you name one of "all the experts" so I can know who to ignore in the future? |