Bitcoin Cracks $4000
- Thread starter anaconda
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juleswin
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This stuff gained 80+% over the last month. The ride is not over
Bruehound
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Not as far fetched as it may seem although the US government will be last. Bitcoin is global and there are many smaller governments swimming in debt and crypto may be a lifeboat. It would not surprise me at all if some of these countries very quietly start accumulating under the radar.
How did the fiat system collapse? Slowly at first, then all at once.
TheTexan
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The jokes gonna be on them, when the bubble pops @ 6000 and crashes back to 4000
That's too rich for me. I missed the boat on this one. At one point I had a few coins, and they disappeared on "an old mountain". At this point, it's too expensive, and mining has not been worth it for any coin in my opinion since shortly after ASICs came out. It would feel so defeatist to enter such a heated and volatile market that's way too rich for me just to grab a tiny sliver of the pie, when I had more in the past. It feels like more of a get rich quick scheme for the early adopters at this point, which makes it hard to imagine as a global means of exchange, when one could be designed better through an alternate currency.
Knowing my luck, the moment I were to re-enter the market is when everything would come down. But at this point, it's just too expensive, I'm not rich enough to have as many coins as I've had before so I'm too late in the game, and I don't want to get scammed again. If it were to shoot up to 10k per coin or more, I would not look back on this post as a missed chance, but would think it has remained too expensive. And I don't think that I should be thinking in mBTC instead of in BTC, I think that sounds like something that someone who holds a lot of bitcoin and wants to increase its value would want someone to think, I think I should stay out of places where I could get scammed and lose resources when I should be more focused on survival. Besides, there are already attempts to make cryptocurrency illegal. It's great that some people were able to get rich quick, and it's cool that there's neat technology behind this stuff, but I've been scammed and have lost enough. Maybe if I was lucky enough to still have some currency I'd still support it, but it doesn't seem very practical when it's so much more expensive now and those who got it early have already made their fortunes.
Knowing my luck, the moment I were to re-enter the market is when everything would come down. But at this point, it's just too expensive, I'm not rich enough to have as many coins as I've had before so I'm too late in the game, and I don't want to get scammed again. If it were to shoot up to 10k per coin or more, I would not look back on this post as a missed chance, but would think it has remained too expensive. And I don't think that I should be thinking in mBTC instead of in BTC, I think that sounds like something that someone who holds a lot of bitcoin and wants to increase its value would want someone to think, I think I should stay out of places where I could get scammed and lose resources when I should be more focused on survival. Besides, there are already attempts to make cryptocurrency illegal. It's great that some people were able to get rich quick, and it's cool that there's neat technology behind this stuff, but I've been scammed and have lost enough. Maybe if I was lucky enough to still have some currency I'd still support it, but it doesn't seem very practical when it's so much more expensive now and those who got it early have already made their fortunes.
anaconda
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brandon
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lol I love bitcoin but following the price trends makes me want to off myself. Like many here I'm sure, I've been avidly following bitcoin since it was worth $10 5+ years ago. But I never owned any considerable amount for any period of time. Fuck man, we all could be millionaires if we just bought a thousand dollars worth back in the day. And it will probably go up 10 fold again in a couple years, but I still don't have the balls to invest.
Krugminator2
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It will be soon. Probably this session or the next one. OTC is cracking down on the trash penny stocks that are tied to Bitcoin. There will be some money flowing out of both the stocks as well as the currency.
$GBTC is basically an ETF that just holds bitcoin. It is trading at almost double its bitcoin asset value. $BITCF is a bitcoin stock that has no revenue or assets and trading at $815 million market cap.
This is a bubble. It doesn't mean I don't think bitcoin is for real but the fever is about to break at least for a couple of weeks.
Krugminator2
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It went to 3800 intraday. Not sure what you call 15% drop in one day. I call it a crash. Bitcoin stocks got absolutely wrecked today. BTCS closed down 32%. BITCF down 38%. First down day after an extended run is more often than not is a top, at least for the time being.
TheTexan
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