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11-24-2020 , 05:51 AM
Just hit 19k briefly on Bitstamp, getting close to the ATH again....
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11-24-2020 , 06:03 AM
Quote:
Originally Posted by Shuffle
You have absolutely no way of knowing whether or not it will 2x or 30x in the next few months. If you believe in crypto or anti-fiat long-term, then hodl. If you think it's a speculative bubble, then sell.

EZ game either way.
Having 0 Bitcoin is being short Bitcoin.

Being short Bitcoin is no fun.

On a sidenote, anything under $100K is boring.
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11-24-2020 , 06:51 AM
Imho it is a bubble.

Last edited by Montrealcorp; 11-24-2020 at 07:17 AM.
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11-24-2020 , 08:03 AM
Hey TS, you can't even talk crap about those 20k buyers anymore!!!! Everybody literally in profit, regardless of when they bought in!!!

What a ponzi!!!

It's such a great ponzi that it lets everybody who bought in at the literal top, break even.....ffssss, imagine being as dumb as TS and thinking it's a ponzi!!!

Bitcoin, the worlds worst ponzi....
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11-24-2020 , 08:09 AM
Quote:
Originally Posted by CheckCheckFold
In the last month or so bitcoin nearly doubled in price. Do you guys think it's time to sell and buy back in when it drops back down some?
Take some profit, always take some profit...

We can't predict if and when it drops, no-1 can time the markets. Sometimes you sell and you are able to buy lower and sometimes you sell and are forced to buy in higher.

Personally I think we will see higher prices, 21-23k and then we will prob see 17-18k, after which it goes up up up.

Anybody's guess though but taking some profits is never a bad idea. I do think having some exposure is always a good thing.
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11-24-2020 , 08:11 AM
Anyone know what's the cause of the price upswing in the past couple of months? Why all of a sudden so much bitcoin hype?
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11-24-2020 , 08:36 AM
ATH today?
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11-24-2020 , 08:52 AM
Re blockfi:
Rauol Pal did an interview on Real Vision with a blockfi founder published yesterday - I think it is free for all. Answers to why corporations borrow btc, who you’re lending too etc are provided.
Blockfi is not something I’m interested in but it helps to understand the ecosystem to learn these things
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11-24-2020 , 10:58 AM
Nice little Jim Cramer bitcoin pump tweet
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11-24-2020 , 10:59 AM
@TR

I'm sure gold will surpass $2K in your lifetime. Don't worry.
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11-24-2020 , 11:49 AM
Kitco.com has been randomly down. It's never down. Probably couldn't handle or had to slow the sell orders flowing in. LMAO
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11-24-2020 , 12:06 PM
Quote:
Originally Posted by CoolTimer
@TR

I'm sure gold will surpass $2K in your lifetime. Don't worry.
It already did dumbass
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11-24-2020 , 12:11 PM
Quote:
Originally Posted by housenuts
ATH today?
Came here for this.

Some of the time we hit 21k today.
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11-24-2020 , 01:32 PM
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Originally Posted by Go Get It
Came here for this.

Some of the time we hit 21k today.
Do you live in multiple realities?
Guessing you mean there is a chance price breaks 21k today. How many % would you give it?
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11-24-2020 , 01:51 PM
Quote:
Originally Posted by Montrealcorp
Imho it is a bubble.
lol after all your posts about it now its a bubble.

what an original position. so time to sell you btc then right?
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11-24-2020 , 02:30 PM
It's his honest opinion though Greensmoke.

It's fine to be a bear, but it is pretty annoying these posters that are vaguely negative but never give any target prices. So they claim victory 100% of the time. "I told you I'm a short term bull but a long term bear" It's always the short term until it's convenient.
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11-24-2020 , 02:32 PM
Quote:
Originally Posted by ThrowingRocks
It already did dumbass
Cherish it.
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11-24-2020 , 05:04 PM
Quote:
Originally Posted by GreenSmoke85
lol after all your posts about it now its a bubble.

what an original position. so time to sell you btc then right?
thx for answering.
Yeah i actually did this morning, not all but just to cover my original buy.
i am free rolling now so i lose or it goes to infinity, i do not really care.

But imho, bitcoin cant become gold today, it is impossible.
Maybe in a far away future.


ps: Just think who got the most gold reserve in the world and tell me who benefits the most from the security blanket of that country ?

Last edited by Montrealcorp; 11-24-2020 at 05:11 PM.
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11-24-2020 , 05:06 PM
Quote:
Originally Posted by TheNonPareil
It's his honest opinion though Greensmoke.

It's fine to be a bear, but it is pretty annoying these posters that are vaguely negative but never give any target prices. So they claim victory 100% of the time. "I told you I'm a short term bull but a long term bear" It's always the short term until it's convenient.
Fwiw my humble opinion i think bitcoin cant go over the market cap of silver.
So that is my target price.
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11-24-2020 , 05:06 PM
Quote:
Originally Posted by Shuffle
If you think it's a speculative bubble, then sell.
Totally disagree. If you think it's a speculative bubble, ride it up.
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11-24-2020 , 05:49 PM
Quote:
Originally Posted by Montrealcorp
Fwiw even the FED is trying to get inflation in and asking the politician to help it , before the debt actually crumble the US and by default the entire system ...

Go say thx to trump , creating huge debt in his first 3 years just to enrich the 1% and corporation , in a supposedly greatest economic era under his presidency ....

You don’t need democrats to create debts, the Republicans did great in that department too!
I agree that trump was as bad as you'd expect a dem to be in borrowing and spending, but that is what you get when you vote a real estate guy into office. I'm not sure you can say the 1% and corporations where the many beneficiaries of trump though since for the first time in my life time we saw real wage growth from the poor and middle class.

Quote:
Originally Posted by Shuffle
Alternatively, Republicans win the Senate and neither side can agree on a stimulus package, or the one signed is too small. Something breaks in the markets like last March, and after a couple weeks of panic that the global financial system is going to end if they don't all do something, both sides hurriedly agree to another stimulus deal worth $5 or $10 trillion even larger than the Dems are asking for now.
If they can't agree on a stimulus package the most likely scenario is there is no financial system trouble and we grow faster over the next 10-20 years than we would have if there was a $3T bailout. The most likely scenario with a $3T bailout is that we re-run through the obama/biden recovery which was the slowest economic recovery in the history of the US.
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11-24-2020 , 05:54 PM
Quote:
Originally Posted by Mat Cauthon
Do you live in multiple realities?
Guessing you mean there is a chance price breaks 21k today. How many % would you give it?
Maybe I do?

Nowish maybe like 2%, when I made that post like 10-12%.
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11-24-2020 , 06:45 PM
Maybe we all do?

Thanks for the answer. There could be some crazy swings right after breaching the ATH. I agree that today seems a bit optimistic, especially in my time zone where it's just 15 minutes left. This week I think there's a pretty decent chance, say 50/50.
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11-24-2020 , 06:59 PM
Quote:
Originally Posted by Shuffle
Reagan and Bush both ran up record budget deficits.

Republicans are only fiscally conservative when they are out-of-power obstructionists.
+1

And complaining how the economic recovery was slow under Obama....the republicans did almost everything possible to prevent Obama spending, and we saw with Trump how unimportant the debt became for Trump....
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11-24-2020 , 07:40 PM
Quote:
Originally Posted by Mat Cauthon
Maybe we all do?

Thanks for the answer. There could be some crazy swings right after breaching the ATH. I agree that today seems a bit optimistic, especially in my time zone where it's just 15 minutes left. This week I think there's a pretty decent chance, say 50/50.
I think wrote a line that came off weird, but what about that first post came off as odd?

Came here for ATH hype, feels like if we get past 20k we either retrace back to like 18xxx or insta go to 21k.

But yeah today is approaching 0% chance, got to 195xx I think.

As an aside, I think 25k before the end of the year seems possible too, something like 1-7% or so chance.
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