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BITCOIN
Comments
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Bingo the $40.000 resistance level has been consitantly broken today. The next resistance level is around 49k. Those who sold BTC during the sell off when BTC was around $29.850, about a week ago regret it now ??
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What's to regret? Missing out on 25% gain on a small % of any size portfolio is peanuts. If your going to put 5-10% in bitcoin its for one of 2 reasons. One you think its going to be worth 10x what it is now in whatever time frame or two you think it will preserve your wealth.adindas said:Bingo the $40.000 resistance level has been consitantly broken today. The next resistance level is around 49k. Those who sold BTC during the sell off when BTC was around $29.850, about a week ago regret it now ??
Who cares about some double up on 5 to 10%. Even if you had £10m total with £1m in BTC and you double it, you wouldn't actually feel that much richer would you. You need multiple double ups of that 10% to start getting all excited about it.
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Or it's both reasons...plus a few others!
Let's see how long it takes to really break down The Great Wall of $40k first2 -
What other reasons do you have in mind?Scottex99 said:Or it's both reasons...plus a few others!
Let's see how long it takes to really break down The Great Wall of $40k first0 -
Michael121 said:
What's to regret? Missing out on 25% gain on a small % of any size portfolio is peanuts. If your going to put 5-10% in bitcoin its for one of 2 reasons. One you think its going to be worth 10x what it is now in whatever time frame or two you think it will preserve your wealth.adindas said:Bingo the $40.000 resistance level has been consitantly broken today. The next resistance level is around 49k. Those who sold BTC during the sell off when BTC was around $29.850, about a week ago regret it now ??
Who cares about some double up on 5 to 10%. Even if you had £10m total with £1m in BTC and you double it, you wouldn't actually feel that much richer would you. You need multiple double ups of that 10% to start getting all excited about it.
Simple because $40K is just the beginning of breaking the barrier for another bull run.
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79 pages of it here already. Inflation hedge and increased long term value as you said. Able to store and transfer value with no barriers, if I've got my seed phrase stored in my head I can literally travel all round the world with potential massive sums in my brain.Michael121 said:
What other reasons do you have in mind?Scottex99 said:Or it's both reasons...plus a few others!
Let's see how long it takes to really break down The Great Wall of $40k first
Imo it's the flagship of a paradigm shift in finance and many other industries. ETH is coming next and DeFi with that.
Have said here many times before that BTC is going to $100k, let's see how long it takes.1 -
Tulips, dot.com bubble... but crypto could be the Daddy of them all.1
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tranquility1 said:Tulips, dot.com bubble... but crypto could be the Daddy of them all.
It is inappropriate to compare the tulip with Bitcoin (and other Alt Coin). Did you watch the video posted on 26 July at 12:20PM and 27 July at 6:31PM on this thread ??Do you know who Michael Saylor, Cathie Wood, Elon Musk, Jack Dorsey. Do you think they are stupid ???Also what about these billionaires who store their wealth in Bitcoin. Do you think they are stupid ....0 -
I don't believe that billionaires "store their wealth" in Bitcoin. Or any particular asset class, for that matter.adindas said:tranquility1 said:Tulips, dot.com bubble... but crypto could be the Daddy of them all.
It is inappropriate to compare the tulip with Bitcoin (and other Alt Coin). Did you watch the video posted on 26 July at 12:20PM and 27 July at 6:31PM on this thread ??Do you know who Michael Saylor, Cathie Wood, Elon Musk, Jack Dorsey. Do you think they are stupid ???Also what about these billionaires who store their wealth in Bitcoin. Do you think they are stupid ....
Their wealth will be spread far and wide.1 -
Tulip boom lasted about 4 years max. There's crypto exchanges out there older than that never mind BTC itself.tranquility1 said:Tulips, dot.com bubble... but crypto could be the Daddy of them all.
Number go up too much, is that the reasoning?0
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