Current Events > BTC is hitting 50k by the end of the year

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AloofHermit
12/26/20 1:12:05 PM
#1:


why aren't you investing yet ??

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MrToothHasYou
12/26/20 1:13:35 PM
#2:


Because if you havent already bought it by now youre gonna be on the wrong side of the sell when it collapses again in January.

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AloofHermit
12/26/20 1:14:32 PM
#3:


MrToothHasYou posted...
when it collapses again in January
then after it will just go back up

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FrankJaegr
12/26/20 1:14:38 PM
#4:


>_>

Who do I believe?
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pogo_rabid
12/26/20 1:15:16 PM
#5:


at some point in the future, it'll collapse again, and that's when i'll buy in.

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AloofHermit
12/26/20 1:16:01 PM
#6:


pogo_rabid posted...
at some point in the future, it'll collapse again, and that's when i'll buy in.
yup, it will always fall then rise then fall then rise etc, its always like that

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#7
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AloofHermit
12/26/20 1:16:44 PM
#8:


LivingLegend posted...
Nobody actually buys shit with Bitcoin.
you are very wrong

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im not 13
12/26/20 1:18:13 PM
#9:


Bought 4 eth coins few months ago

Too poor for bitcoin lol

I'm up a few 100 bucks but I'm not taking it out any time soon

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MrToothHasYou
12/26/20 1:18:23 PM
#10:


AloofHermit posted...
then after it will just go back up
Then it makes just as much sense to wait until after the crash to buy it, since the crash may very well take it back under $10k

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#11
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AloofHermit
12/26/20 1:19:50 PM
#12:


MrToothHasYou posted...
Then it makes just as much sense to wait until after the crash to buy it, since the crash may very well take it back under $10k
yes buy low, sell high

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Gwynevere
12/26/20 1:20:09 PM
#13:


Imagine buying BTC when it was pennies. Damn

[LFAQs-redacted-quote]

What do you plan to do with the Tesla stock besides selling it later?

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Returning_CEmen
12/26/20 1:20:54 PM
#14:


:)
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Vermander
12/26/20 1:22:16 PM
#15:


pogo_rabid posted...
at some point in the future, it'll collapse again, and that's when i'll buy in.


This
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AloofHermit
12/26/20 1:22:23 PM
#16:


LivingLegend posted...
I would wager less than 1% of the USA population has ever even owned BTC let alone purchased something with it.
and you are wrong

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#17
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BilalPowell
12/26/20 1:23:04 PM
#18:


It's gonna double in 5 days?!

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ncsonic
12/26/20 1:23:21 PM
#19:


I reported you TC, even though I'm a Bitcoin fan

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AloofHermit
12/26/20 1:23:40 PM
#20:


LivingLegend posted...
There is no backbone that makes Bitcoin valuable.
its anonymous

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BignutzisBack
12/26/20 1:27:33 PM
#21:


Regulators are already talking about doing to bitcoin what they just did to ripple. That being said it looks like a lot of people are going to be making money before that happens

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#22
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Haphaestios
12/26/20 1:28:05 PM
#23:


To expensive for me to buy into now. Only regret I have in the last 15 years is not buying btc back in 2009.

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AloofHermit
12/26/20 1:31:14 PM
#24:


LivingLegend posted...
if you only appeal to drug dealers and nerds then Im not investing money in something stupid like that
why do you think only "nerds" and "drug dealers" invest in BTC or others coins, its just investing, you can move your BTC to your bank and take it out as cash, they have apps for all that stuff

pretty sure even that CashApp has bitcoin options

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#25
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AloofHermit
12/26/20 1:46:37 PM
#26:


LivingLegend posted...
You are missing the point.

There is nothing inherently valuable about owning coins over real forms of currency.

If we wanted to start trading pebbles and beads and treating them as money that essentially be the same thing as Bitcoin except its not online and tradable over the internet.

You are buying virtual Monopoly money.
the value is that it is anonymous

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E32005
12/26/20 1:48:56 PM
#27:


LivingLegend posted...
Nobody has convinced me how owning BTC is inherently valuable besides as an investment that you plan to sell later.

I own shares of Tesla, a real business.

Nobody actually buys shit with Bitcoin.
you wont really see true value in any crypto until something disastrous happens to the US dollar or the global markets.

right now people treat it as a commodity, like gold. problem being its value is far less stable than gold, especially when hedging.

i think that changes with future economic collapse. just a matter of when.

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Smashingpmkns
12/26/20 1:50:41 PM
#28:


People forgoing easy money for some dumb reasons itt. Though it would probably be better to buy when it dips.
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David1988
12/26/20 1:53:08 PM
#29:


BTC is more valuable in countries without stable currencies like the USD. Not surprisingly those countries are trying to ban btc lol

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Theon_Greyjoy
12/26/20 1:53:36 PM
#30:


I believe in Bitcoin but no its not hitting $50k in 2020. In 2021, sure.

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InhumaneRaider
12/26/20 1:54:26 PM
#31:


Because I never learned the value of trading or mining

:(

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#32
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TheMikh
12/26/20 2:09:39 PM
#33:


David1988 posted...
BTC is more valuable in countries without stable currencies like the USD. Not surprisingly those countries are trying to ban btc lol

usd is only as stable as the federal government's ability to bully other countries into propping it up

but it's not sound long-term even then, having lost a third of its value over the past 20 years alone

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Gwynevere
12/26/20 2:34:10 PM
#34:


LivingLegend posted...
The point is that Tesla is a real business that is growing in value... As a shareholder, I am afforded certain privileges and the shares will increase in value as Tesla grows.

BTC is only fueled by people who have no idea what they are doing.

There is no backbone that makes Bitcoin valuable.

@Gwynevere
And what are you going to do with those privileges? Is the point of buying into stocks not to eventually turn a profit off of them?

I bet those people that saw a +400000x increase in the value of their BTC are kicking themselves for not buying Tesla now

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chairforceone
12/26/20 2:37:11 PM
#35:


LivingLegend posted...
So is cash.

I dont have a need to buy things online anonymously.

Again, if you only appeal to drug dealers and nerds then Im not investing money in something stupid like that... Tesla is taking over the automobile industry. Ill stick with them tyvm.

just because you dont have a use for it doesnt mean its useless, Jesus Christ youre narrow minded
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Geiki Ganger
12/26/20 2:41:03 PM
#36:


Only amateurs buy actual Bitcoins.

Real investors are buying Bitcoin ETFs for the exposure at much lower cost.

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#37
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BilalPowell
12/26/20 3:02:49 PM
#38:


Geiki Ganger posted...
Only amateurs buy actual Bitcoins.

Real investors are buying Bitcoin ETFs for the exposure at much lower cost.
which ETF?

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#39
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Vyrulisse
12/26/20 4:00:31 PM
#40:


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Solid Snake07
12/26/20 4:14:10 PM
#41:


LivingLegend posted...
Nobody has convinced me how owning BTC is inherently valuable besides as an investment that you plan to sell later.

I own shares of Tesla, a real business.

Nobody actually buys shit with Bitcoin.


I wouldn't go around preaching the dangers of bubbles while being a Tesla shareholder

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#42
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itachi15243
12/26/20 4:40:22 PM
#43:


Every time it gets this high people who have a lot invested panic so I say it'll get to 25-30 by next week or the week after an then it dives within a week or so.

Maybe immediately

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BilalPowell
12/26/20 4:41:23 PM
#44:


Vyrulisse posted...
Where all these bitcoin millionaires?
I know one. Think he's in Arizona

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Solid Snake07
12/26/20 4:45:28 PM
#45:


LivingLegend posted...
LOL

If you think Tesla is going to crash then I suggest you put your money where your mouth is because you will be rich if it happens.

Also, with Bitcoin Im not talking about a bubble at all really... Im saying there is next to no intrinsic value to owning Bitcoin.

Its just a useless storage of money with nothing backing it up besides hype and hope to get rich.


We're in agreement about bitcoin. And I never said tesla will crash, or bitcoin for that matter.

What I will say is that Tesla's market cap has no rhyme or reason to it by traditional valuation measures and is most definitely in bubble territory.

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#46
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#47
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EvilResident
12/26/20 4:53:03 PM
#48:


FrankJaegr posted...
>_>

Who do I believe?

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#49
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EvilResident
12/26/20 5:06:18 PM
#50:


Nah I know. I invested a little in Bitcoin, not much but i got in back when a single coin was a couple thousand. should have bought more then but i only spent comfortable spending a little back then.
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