BITCOIN

adindas

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 ??

Michael121

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 ??

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.

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.

Scottex99

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

Michael121

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

What other reasons do you have in mind?

adindas

Michael121 said:

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 ??

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.

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.

Scottex99

Michael121 said:

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

What other reasons do you have in mind?

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.

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.

tranquility1

Tulips, dot.com bubble...  but crypto could be the Daddy of them all.

adindas

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 ....

https://www.forbes.com/sites/johnhyatt/2021/04/06/the-cryptocurrency-tycoons-on-forbes-2021-billionaires-list/?sh=37e0e9725e2a

tranquility1

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 ....

https://www.forbes.com/sites/johnhyatt/2021/04/06/the-cryptocurrency-tycoons-on-forbes-2021-billionaires-list/?sh=37e0e9725e2a

I don't believe that billionaires "store their wealth" in Bitcoin.  Or any particular asset class, for that matter.

Their wealth will be spread far and wide.

Scottex99

tranquility1 said:

Tulips, dot.com bubble...  but crypto could be the Daddy of them all.

Tulip boom lasted about 4 years max. There's crypto exchanges out there older than that never mind BTC itself.

Number go up too much, is that the reasoning?