^^ survivorship bias

Of course, the 70 cents quote is the 2nd post in this thread referring to bitcon. Dogecon is no different. Both are scams. No use other than to fund terrorism, no barriers to entry to create any crypo, so there is no rarity when people say there is only 21 mil. coin limit to bitcon. Years from now, bitcon will be a staple in textbooks on how humans can be deluded into placing value on worthless things by just convincing others it is rare. Musk is already unloading his bitcon stash, and last night on SNL he called crypto: "It's a hustle".

Elon Musk= The richest man in the world for the same reason why Bitcoin is worth $1 trillion. Tesla is a company that has been in existence for 18 years with 1 year of profit of $700 million, the previous year had a loss of $800 million but yet it's worth $800 billion as a company which is 1000x it's only profitable year. If Bitcoin is a hustle so is Tesla.

You are correct I don't understand. Please explain?

Ok great. Do you at least have any short positions?

He didn't say Crypto was a hustle. He was referring to, and making a joke about, Dogecoin.

You're the biggest muppet that posts in this thread. Even the ones who no longer post here at least had the capacity to *appear* somewhat informed, even if they were spectacularly wrong. You're on a whole new level though. Your posting history is a hodgepodge of confused nonsense. You think Crypto and Dogecoin are synonymous, you've predicted a 5-year high that was *lower* than the current 5-year high, you thought $58k was a bubble yet you bought at $49k, and then called it a scam when it dropped another $3k, AND you thought that it costs 20% to sell your BTC!

You said you'll stop posting if BTC surpasses $62k, right? Hopefully that's here soon.

He's gotta be trolling (poorly)

I'm not sure you're making the point you think you are.

Musk was on SNL this weekend and admitted Crypto was a fraud:


Bitcon was 54k after peaking at 64k and someone asked for a 5 year "forward" projection. I then said 58k to 62k. So yes, I don't think it will surpass its previous high. If it does, it likely makes a run to 75k, but the smart money will sell as its true value is $200 to $400 for criminal purposes. Just this weekend a pipeline was held hostage for ransomware likely to be paid in bitcoin. https://www.reuters.com/technology/c...ck-2021-05-08/

I have been doing more research on bitcon and the more I read, the more it is obviously a scam. I read the long "case for bitcoin" report and it was riddled with weak claims. I also listened to an interview with Dan Herd who had the gall to say Satoshi should get the noble peace prize! Really, for creating a payment funding source for terrorism he should get the peace prize? Sheer lunacy. Herd also said there was a civil war with bitcon over it being a payment method or a store of value. Store of value won out but the white paper says it is a peer-to-peer payment system. So the whole thing has been hijacked by speculators engaged in a giant Ponzi scheme.

Here Liz Warren (and Janet Yellen) are concerned it will end badly and is destroying the earth by using insane amounts of energy.
https://www.yahoo.com/finance/news/e...161724029.html

I will go away if it breaks 62k. I will be back when it crashes below that to warn you to get out while you still can. Good luck.

Soon

If enough people have read your posts then chances are they'll be plenty of support at $62k.

I would love to see RedOak's crypto port. Dude is trolling so hard. I guess it can be called good trolling because it seems to get reactions.

Good for you?

Dude has the most random morals. All because he said if it is over X price he won't comment anymore. But if it does dip under, he has to come back and warn you to get out. We are all adults, we don't want or need your warning.

Your morals suck. You either want to "warn" people or you don't. Making bets because of your ego getting in the way just shows nobody should give you any ****s.

I assume 99% of this threads portfolio value is between 0-50k

i would have more but alas have a pretty expensive vice

same

Can't all set up BJ games and not pay until called out.

this

Amazing. Hope this reference isn't lost on others

Lol.

doubt it - some of these people have been here a while. Just 1 btc will have over 50k portfolio.

Looks from here that just a bit over 2% of bitcon hodlers own more than 1 coin. https://bitinfocharts.com/top-100-ri...addresses.html

Many have more than one address. Also many have custodians. That table doesn't tell you much about actual individuals.

You can safely ignore Tom's coping. He may be knowledgable about Bitcoin but worthless for commenting on other projects. Might as well go read Adam Back's thoughts-- been predicting BTC dominance to >95% for 5 years so probably don't follow his trading advice though.

Possible Tesla is tanking because Elon is diversifying from stock into crypto. In the past he has said he's not an investor, Tesla is the only thing he owns. Well he now clearly owns crypto, and you'd have to assume he didn't just take his money from the bank to buy it. He's turning Tesla shares into crypto.

Good morning fellow baghodlers. Man, this thread gets quiet when bitcon slips in price. My 5 year 58k-62k high range was hit over the weekend when it got over 59k. I hope you used that opportunity to get out. At noon today:


How anyone is willing to pay $55,000 for a line of computer code that anyone can create is mind-boggling. Here is a programmer explaining the insanity:


Good luck.

He borrows heavily against his Tesla stock so he does have cash. Also if he sold Tesla shares he has to file a Form 4 disclosure within two business days.