Bitcoins to the moon - Page 3

On January 11 2021 15:51 Spitfiree wrote: These kind of ' corrections ' are why BTC will have a really tough time getting the average person to their money in it. I feel like the bitcoin ideal is long dead. When billionaires invest in BTC the crypto world every crypto fan says it 'feels good that billionaires invest in it to legitimize it further' which is fucking retarded, considering its billionaires in the first place that BTC is trying to move out of. 99% of that community is in there cause of the volatility and trying to make money and don't believe in crypto. The question is, is BTC designed well enough to go past people's desires and beliefs and gain advantage naturally?

agree. greatest value of btc comes from speculation of price. it's a store of gamble, not value. retail interest to trade is what makes it so valuable. just another money game

On January 11 2021 15:51 Spitfiree wrote: These kind of ' corrections ' are why BTC will have a really tough time getting the average person to their money in it. I feel like the bitcoin ideal is long dead. When billionaires invest in BTC the crypto world every crypto fan says it 'feels good that billionaires invest in it to legitimize it further' which is fucking retarded, considering its billionaires in the first place that BTC is trying to move out of. 99% of that community is in there cause of the volatility and trying to make money and don't believe in crypto. The question is, is BTC designed well enough to go past people's desires and beliefs and gain advantage naturally?

No it has nothing to do with getting away from billionares, its getting away from centralized and controlled currency.

The fluctations of price is unanvoidable due to offer/demand for the time being and it makes it fertile ground for traders especiallly with the public (retail) interst, that however will progessively stop as adoption grows the price stabilizes.

You are wrong that they don't believe in crpto, all holders believe in crypto and most traders also do.

+1

I believe in crypto.

I have said it before but Elon Musk transferring all his balance sheets to BTC would be the single biggest inflection point that I can think of.

I guess if Jamie Dimon did the same that might be more impactful but I don't ever see the ladder happening.

My brother and sister-in-law both work for JP Morgan Chase and I don't hate them but they are fighting for the Dark Side. I imagine my brother one day fighting through Darth Dimon's lightning blasts to throw him out into infinite space but that is never actually going to happen. At this point I openly deride them for working there but they are in a way trapped and I can sympathize.

My brother once told me that he doesn't even understand why Jamie Dimon doesn't just hire 1 guy to move trillions between London and Manhattan and charge a %. This is already happening but Jamie Dimon himself decides to fund pipelines that poison cities, continue backing $800+ billion partially sunken costs in the oil industry, fraudulently manipulating precious metals markets, and 85% of their profits come from penalties and fees.

BTC is better in just about every imaginable way except for when it is compared to a Chase Freedom Card sold to you by Kevin Hart to buy a cup of coffee. The point about volatility is true too. Most people do not want to deal with the possibility of 20% dips in a day. There is also my fear of teams of Chinese hackers figuring out how to crack BTC encryption with quantum computers.

Anyways, JP Morgan Chase is a criminal organization led by a mob boss Jamie Dimon that will eventually collapse and die. Regardless of whether my family members work there or not I will do whatever I can to put a stop to it. All these banks will do whatever it takes to make a profit so be on the lookout for conversion of some of their balance sheets to BTC, adopting Blockchain technology, or even coming out with their own coin eventually. It will not be as pure or as beautiful or as hard as BTC.

Beeeteeeeceeeee

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I can never tell if lostaccount's posts are serious. They're consistently the worst advice I can ever imagine someone giving -- I've started sportsbetting for supplemental income, im going to buy BTC every month for 20 years for my retirement, BTC is near 40k you guys should buy some, I just sold it all at 34k and bought a car and the litecoin of metal.

Please tell me this has all been an elaborate troll.

how much did he supplementally lose

On January 12 2021 19:06 Daut wrote: I can never tell if lostaccount's posts are serious. They're consistently the worst advice I can ever imagine someone giving -- I've started sportsbetting for supplemental income, im going to buy BTC every month for 20 years for my retirement, BTC is near 40k you guys should buy some, I just sold it all at 34k and bought a car and the litecoin of metal. Please tell me this has all been an elaborate troll.

you know what went down in the thread "Lostaccount not paying his stake"

what do you think.

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On January 12 2021 19:06 Daut wrote: I can never tell if lostaccount's posts are serious. They're consistently the worst advice I can ever imagine someone giving -- I've started sportsbetting for supplemental income, im going to buy BTC every month for 20 years for my retirement, BTC is near 40k you guys should buy some, I just sold it all at 34k and bought a car and the litecoin of metal. Please tell me this has all been an elaborate troll.

lol that was worth checking back lp for

excellent display of market psychology in play

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In 10 years U will thank me for the laughs maybe

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Why would you buy TSLA when its 6x the market cap of Toyota and even if it reaches its goals it will still most likely be overpriced

I get why the price is so high right now, but belief can easily be crumpled and I don't see how it could do a significant move up

No it has nothing to do with getting away from billionares, its getting away from centralized and controlled currency.

The second someone has as much power in crypto as billionaires do in our system, the crypto world will collapse ... That's the whole point of crypto it disincentivizes having a 1% generically

On January 12 2021 21:18 lostaccount wrote: Show nested quote + On January 12 2021 19:06 Daut wrote: I can never tell if lostaccount's posts are serious. They're consistently the worst advice I can ever imagine someone giving -- I've started sportsbetting for supplemental income, im going to buy BTC every month for 20 years for my retirement, BTC is near 40k you guys should buy some, I just sold it all at 34k and bought a car and the litecoin of metal. Please tell me this has all been an elaborate troll. Buy at 23 sell 34 make 11 then the bets I post usually win I do also give good advice to play devils advocate The oxymoron lol Or can the devil be good again? As a Jesus lover I believe the devil will be back to light in the future

Yea I mean congrats, you bought at 23k, sold at 34k and created a taxable event on it without short term cap gains so you have to pay 2x+ the tax rate when you could have just sat on it since $800 like most poker players and been 40x and get the 15-20% cap gains rate when we do cash it out.

I have no idea what BTC will do in the next week. I have bids out from 27500 to 31500 if it dips. But I'd be absolutely shocked if we don't hit a new ATH before June, so unless you're a godlike swing trader, ignore the 10-20% swings that will be happening and wait for the $45-50k range, and hopefully be able to hold on to your coins for longer than a year so you can pay less taxes on the gains.

Remember, unless you're a really good trader (and I sure as fuck am not), the goal is to passively invest and get compound gains and pay less in taxes. We all get FOMO and can't resist buying shitcoins from time to time, but unless you're a proven winner don't make it the majority of your crypto holdings or actions. Just buy dips, take profits on overextensions, don't be too greedy, and don't be scared to buy if things have dropped.

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