BITCOIN

zagfles

aaj123 said:

Section62 said:

aaj123 said:

 

Why would you think a comment starting with 'No idea' is worth posting at all?

Because 'No idea' is the closest to being the right answer to the OP's question?

This is a consumer forum with a broad cross-section of users.  The most important thing is nobody goes away from this thread (the sub-thread merged into the big one) thinking the only way is up, or that making guesses what the value of Bitcoin might be in two years time represents a good investment strategy.

Bitcoin could be a good investment.  But if someone needs to ask random internet strangers what it might be worth in 2025 then the fair answer should be "Are you sure this is right for you?".

You've been criticising others for being "misleading", but "In the neighbourhood of $150k" is no more accurate than anything else which has been posted by those you criticise.

To be honest, that 150k comment was largely triggered by the response from the first reply and a desire to neutralise the damage done by that.

The "damage"? The damage to what? Your investments? They're probably more damaged by people getting so defensive with those who disagree with them. Not that anything anyone says here is likely to shift the price, so I wouldn't worry too much about "damage".

Besides, the "£3-3.50" post was so obviously taking the p. If someone seriously expected bitcoin to plummet, they might have said "under £100" or £1, or even zero. Being so specific as "£3-£3.50", really, you thought that was a serious prediction?

aaj123

zagfles said:

aaj123 said:

Section62 said:

aaj123 said:

 

Why would you think a comment starting with 'No idea' is worth posting at all?

Because 'No idea' is the closest to being the right answer to the OP's question?

This is a consumer forum with a broad cross-section of users.  The most important thing is nobody goes away from this thread (the sub-thread merged into the big one) thinking the only way is up, or that making guesses what the value of Bitcoin might be in two years time represents a good investment strategy.

Bitcoin could be a good investment.  But if someone needs to ask random internet strangers what it might be worth in 2025 then the fair answer should be "Are you sure this is right for you?".

You've been criticising others for being "misleading", but "In the neighbourhood of $150k" is no more accurate than anything else which has been posted by those you criticise.

To be honest, that 150k comment was largely triggered by the response from the first reply and a desire to neutralise the damage done by that.

The "damage"? The damage to what? Your investments? They're probably more damaged by people getting so defensive with those who disagree with them. Not that anything anyone says here is likely to shift the price, so I wouldn't worry too much about "damage".

Besides, the "£3-3.50" post was so obviously taking the p. If someone seriously expected bitcoin to plummet, they might have said "under £100" or £1, or even zero. Being so specific as "£3-£3.50", really, you thought that was a serious prediction?

You and I might see the joke but someone new asking about Bitcoin and already wary due to media coverage would quite likely go away thinking there is a realistic chance of it going near zero like that reply said. 

zagfles

aaj123 said:

zagfles said:

aaj123 said:

Section62 said:

aaj123 said:

 

Why would you think a comment starting with 'No idea' is worth posting at all?

Because 'No idea' is the closest to being the right answer to the OP's question?

This is a consumer forum with a broad cross-section of users.  The most important thing is nobody goes away from this thread (the sub-thread merged into the big one) thinking the only way is up, or that making guesses what the value of Bitcoin might be in two years time represents a good investment strategy.

Bitcoin could be a good investment.  But if someone needs to ask random internet strangers what it might be worth in 2025 then the fair answer should be "Are you sure this is right for you?".

You've been criticising others for being "misleading", but "In the neighbourhood of $150k" is no more accurate than anything else which has been posted by those you criticise.

To be honest, that 150k comment was largely triggered by the response from the first reply and a desire to neutralise the damage done by that.

The "damage"? The damage to what? Your investments? They're probably more damaged by people getting so defensive with those who disagree with them. Not that anything anyone says here is likely to shift the price, so I wouldn't worry too much about "damage".

Besides, the "£3-3.50" post was so obviously taking the p. If someone seriously expected bitcoin to plummet, they might have said "under £100" or £1, or even zero. Being so specific as "£3-£3.50", really, you thought that was a serious prediction?

You and I might see the joke but someone new asking about Bitcoin and already wary due to media coverage would quite likely go away thinking there is a realistic chance of it going near zero like that reply said. 

Well, probably better than them thinking it'll go up to $150 or $300k. That could tempt them to put their life savings into bitcoin because they think it'll give them financial freedom in a few years time.

aaj123

zagfles said:

aaj123 said:

zagfles said:

aaj123 said:

Section62 said:

aaj123 said:

 

Why would you think a comment starting with 'No idea' is worth posting at all?

Because 'No idea' is the closest to being the right answer to the OP's question?

This is a consumer forum with a broad cross-section of users.  The most important thing is nobody goes away from this thread (the sub-thread merged into the big one) thinking the only way is up, or that making guesses what the value of Bitcoin might be in two years time represents a good investment strategy.

Bitcoin could be a good investment.  But if someone needs to ask random internet strangers what it might be worth in 2025 then the fair answer should be "Are you sure this is right for you?".

You've been criticising others for being "misleading", but "In the neighbourhood of $150k" is no more accurate than anything else which has been posted by those you criticise.

To be honest, that 150k comment was largely triggered by the response from the first reply and a desire to neutralise the damage done by that.

The "damage"? The damage to what? Your investments? They're probably more damaged by people getting so defensive with those who disagree with them. Not that anything anyone says here is likely to shift the price, so I wouldn't worry too much about "damage".

Besides, the "£3-3.50" post was so obviously taking the p. If someone seriously expected bitcoin to plummet, they might have said "under £100" or £1, or even zero. Being so specific as "£3-£3.50", really, you thought that was a serious prediction?

You and I might see the joke but someone new asking about Bitcoin and already wary due to media coverage would quite likely go away thinking there is a realistic chance of it going near zero like that reply said. 

Well, probably better than them thinking it'll go up to $150 or $300k. That could tempt them to put their life savings into bitcoin because they think it'll give them financial freedom in a few years time.

Life savings or a very high % into one instrument is always a bad idea... bitcoin or anything else. 

Scottex99

aaj123 said:

Section62 said:

aaj123 said:

 

Why would you think a comment starting with 'No idea' is worth posting at all?

Because 'No idea' is the closest to being the right answer to the OP's question?

This is a consumer forum with a broad cross-section of users.  The most important thing is nobody goes away from this thread (the sub-thread merged into the big one) thinking the only way is up, or that making guesses what the value of Bitcoin might be in two years time represents a good investment strategy.

Bitcoin could be a good investment.  But if someone needs to ask random internet strangers what it might be worth in 2025 then the fair answer should be "Are you sure this is right for you?".

You've been criticising others for being "misleading", but "In the neighbourhood of $150k" is no more accurate than anything else which has been posted by those you criticise.

To be honest, that 150k comment was largely triggered by the response from the first reply and a desire to neutralise the damage done by that.

Haha, ooops. That doesn’t come across well, my man.

I’ll give some money to charity WHEN it gets above $100k 😉

aaj123

Scottex99 said:

aaj123 said:

Section62 said:

aaj123 said:

 

Why would you think a comment starting with 'No idea' is worth posting at all?

Because 'No idea' is the closest to being the right answer to the OP's question?

This is a consumer forum with a broad cross-section of users.  The most important thing is nobody goes away from this thread (the sub-thread merged into the big one) thinking the only way is up, or that making guesses what the value of Bitcoin might be in two years time represents a good investment strategy.

Bitcoin could be a good investment.  But if someone needs to ask random internet strangers what it might be worth in 2025 then the fair answer should be "Are you sure this is right for you?".

You've been criticising others for being "misleading", but "In the neighbourhood of $150k" is no more accurate than anything else which has been posted by those you criticise.

To be honest, that 150k comment was largely triggered by the response from the first reply and a desire to neutralise the damage done by that.

Haha, ooops. That doesn’t come across well, my man.

I’ll give some money to charity WHEN it gets above $100k 😉

Look, personally I absolutely hold the belief (for reasons that give me no reason to doubt my rationality) that both eth and btc will do a few multiples from current but that said, I acknowledge that espousing such on a forum like this makes people think of us as unreasonable folks. So fine.. let it be what it is. Yeah folks,  indeed bitcoin is just like any boring stock or a gamble if you prefer. 

Scottex99

Yah same but getting overly defensive about it is a waste of time too.

Apes gonna ape, let the boomers do their thing.

Actually there will be (at least) one more sh111tcoin in the market this time tomorrow, I know because our IEO goes live haha

Malthusian

Scottex99 said:

Actually there will be (at least) one more sh111tcoin in the market this time tomorrow, I know because our IEO goes live haha

Imagine investing in global economic value-added activity via Vanguard LifeStrategy and posting on Internet forums about how "there'll be another bunch of random strangers losing their life savings to us tomorrow to boost our retirement funds, haha, sucks to be them".
(For those not keeping up with the acbronyms, IEO = Initial Exchange Offering = people give you money and in exchange you give them tokens which you have generated by pushing a button on your computer.)

thegentleway

Believing Bitcoin will skyrocket is one thing. Being certain of it is quite another.
I really struggle to see how Bitcoin will dominate long term. All it really has is first mover advantage which is not a guarantee for success, e.g. Netscape. I don’t see how Bitcoin will be able to keep up with innovation and it is therefore doomed to fail. All it can hope for is to be a store of value, which it can’t be with ridiculous volatility and surely the dominant crypto(s) of the future will fulfil any current use Bitcoin has and much more, rendering it utterly defunct.
What do you estimate is the critical mass for a crypto to be too big to fail? It would seem you are extremely confident Bitcoin has long surpassed this threshold and is virtually guaranteed to be the one out of the 25,000 cryptos in current existence that will succeed. 

retiringtoosoon

To the moon, baby!