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Bitcoins - digital currency Bitcoins - digital currency

01-15-2021 , 04:00 PM
Nobody is selling their BTC for 25k
I wouldn't be surprised to see it at 50k within a month.
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01-15-2021 , 04:07 PM
If nobody was selling the price would only go up, someone is selling and it isn't you guys.

The only guy who Sold, bought back a few days later at a higher price and then FOMO and now he underwater....

Last edited by ThrowingRocks; 01-15-2021 at 04:17 PM.
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01-15-2021 , 04:13 PM
Bitcoin is Bitcoin it could easily touch 25k and 50k in the same month.
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01-15-2021 , 04:16 PM
No such thing as a coin that is nor for sale
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01-15-2021 , 04:21 PM
Quote:
Originally Posted by dmatz327
Bitcoin is Bitcoin it could easily touch 25k and 50k in the same month.
Well I've got my money riding that says it does the latter. Who's got their money riding that it's going to 25K?

In the game of BTC, as I've said before, it's all about the lows. Higher lows. BTC has only made a new low 2 days in a row a hand full of times in the last few months. I expect that trend to continue.
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01-15-2021 , 04:25 PM
Quote:
Originally Posted by case3
No such thing as a coin that is nor for sale


There’s a large # of coins that aren’t for sale. The owners no longer hold the private keys and they are lost forever.
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01-15-2021 , 04:28 PM
Quote:
Originally Posted by case3
No such thing as a coin that is nor for sale
It looks like someone missed the conversation from earlier about all the lost coins.
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01-15-2021 , 04:47 PM
Interesting to see who crawls out to dunk on me
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01-15-2021 , 04:52 PM
Quote:
Originally Posted by The Apex
There’s a large # of coins that aren’t for sale. The owners no longer hold the private keys and they are lost forever.
If in the future, someone with a quantum computer, breaks Satochi's encryption, are the coins still "lost?"
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01-15-2021 , 06:24 PM
Just wondering, is being the first mover the only real advantage to BTC over other cryptos? I mean, isn't Litecoin basically Bitcoin but a bit faster?

I read an article where investor Jim Rogers said something like " there's an infinite number of currencies with a finite number of coins". Obviously being first and the most popular is important, but if we are comparing it to gold... what's to stop another gold being created that becomes as valuable (or, so many alternatives being created that the value of all gets diluted).
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01-15-2021 , 06:41 PM
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Originally Posted by Didace
Is there anyone thinking about moving countries and renouncing their citizenship for less that $2mil in bitcoin?
If you have dual citizenship already and don't plan to live in the USA, yes.
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01-15-2021 , 06:59 PM
Quote:
Originally Posted by Shuffle
Feels like absolute carnage is coming in crypto in the next few days. Probably a good time to be long TSLA weekly puts on a Friday too.
weren't you the guy that said the USA was going to have a civil war with the dollar collapsing like a week ago?

The end is near. Except when it isn't.
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01-15-2021 , 07:07 PM
Quote:
Originally Posted by revots33
Just wondering, is being the first mover the only real advantage to BTC over other cryptos? I mean, isn't Litecoin basically Bitcoin but a bit faster?

I read an article where investor Jim Rogers said something like " there's an infinite number of currencies with a finite number of coins". Obviously being first and the most popular is important, but if we are comparing it to gold... what's to stop another gold being created that becomes as valuable (or, so many alternatives being created that the value of all gets diluted).
That is not how it works. Many coins whatsoever can easily coexist together. They already do. Similar like traditional payment methods paypall, venmo, credit card, apple pay, cash, samsung pay etc....

What is necessary for another coin to become more valuable than bitcoin?

People are incentivized to use bitcoin. They can either leave bitcoin and support another coin. It might take quite a while (2 years in bitcoins case) before that network grows sufficiently large, become monetized and their incentive for running the new coin reaches a breakeven point. There is obviously a disincentive for splitting resources and run both networks. One can do it but without fully understanding the real liquidity of both networks it would never be a good choice to split-and-run. Networks that are monetized from scratch are doomed to fail or are usually outright scams.

But yes, if somebody comes up with a full CS solution to the byzantine problem, builds a prototype and serious proposal then there is a reasonable chance that bitcoin will have a real competitor. But even if somebody finds a theoretical solution, getting it deployed and grow a decent decentralized network organically is still another thing....
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01-15-2021 , 07:25 PM
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Originally Posted by NuklearWinter
The price ran up to 40k pretty quickly. We should expect a few months of significant volatility before we continue upwards. Lots of people are trying to take profit at these levels. I wouldn't be surprised to see a drop down to 20k-25k at some point before a quick recovery.
Maybe, but you could have said the exact same thing about 30k and 20k.
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01-15-2021 , 07:52 PM
Quote:
Originally Posted by The_Jackal21
I'm talking to a TA analyst right now, his bread and butter is trading with traditional technical analysis.

I asked him if he wants to bet you guys that he can outperform a hold and buy strategy or to simply prove to you that TA works. ( I haven't heard back yet)

So lets put this to bed, tell me your stipulations for a bet.

How much are you willing to bet?

This should be a no brainer bet for you guys, he's even a youtuber TA guy.

Look forward to hearing from you.
Yikes, just crickets.....

The biggest mouths but won't accept the bet, free money for you guys, right!!!

You are turning down free money??

Or you are full of **** and TA works?
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01-15-2021 , 08:07 PM
Quote:
Originally Posted by Mat Cauthon
Maybe, but you could have said the exact same thing about 30k and 20k.
Let the sheep be sheep. That's all they are and the real men are the ones who are going to get richer.

I'm not being an ass either. If they can't understand what trillions of stimulus is going to do to BTC then they are a sheep. If they look at a damn chart and think "Woah, it went way up, it's gotta go down" then they are a sheep. This place has a lot of them.

Literally no where to go but up. I got it all riding and I'm not scared.

Last edited by onemoretimes; 01-15-2021 at 08:20 PM.
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01-15-2021 , 08:17 PM
Quote:
Originally Posted by onemoretimes
Let the sheep be sheep. That's all they are and the real men are the ones who are going to get richer.
I only hodl, not going to try and time dips other than accumulating more over time. All I said is that I wouldn't be surprised to see a massive drop in the coming months. That doesn't mean I'm predicting one or know anything about what the price will be in the near future. I've been buying and holding since 2015 and it's worked out pretty well so far.
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01-15-2021 , 08:46 PM
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Originally Posted by NuklearWinter
I only hodl, not going to try and time dips other than accumulating more over time. All I said is that I wouldn't be surprised to see a massive drop in the coming months. That doesn't mean I'm predicting one or know anything about what the price will be in the near future. I've been buying and holding since 2015 and it's worked out pretty well so far.
Well done on the HODL. I'm sure nobody would be surprised to see a massive dip considering this run up. That doesn't really make you any money. And I'm not sure why people come on here saying "wouldn't be surprised to see a dip!" The key is KNOWING there will be no massive dip to 25k and we are going to rip to the upside.

That my friend is the key and why some of us will spend the rest of our lives traveling the world and others will be on here saying "I think we might see a dip" while humping their crappy day job.
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01-15-2021 , 08:47 PM
Quote:
Originally Posted by onemoretimes
Let the sheep be sheep. That's all they are and the real men are the ones who are going to get richer.

I'm not being an ass either. If they can't understand what trillions of stimulus is going to do to BTC then they are a sheep. If they look at a damn chart and think "Woah, it went way up, it's gotta go down" then they are a sheep. This place has a lot of them.

Literally no where to go but up. I got it all riding and I'm not scared.
except you're the sheep lol, what makes you real man? Because you Hodl? Believe in a digital my little Pony? Trillions of stimulus and you still going to go to zero. You calling us sheep but there is a lot more of people just like you than bears in the thread. I can tell tho guy like you is probably fake as ****, when we down to near Zero Im sure you will be talking about how you exited at X price and didn't get that duped.

Are you and Jackal same account or same ****? Get that same vibe from both. Wish I knew what was wrong with you guys, drug abuse,brain damage? Something is off with both of you, I wish I knew.

Last edited by ThrowingRocks; 01-15-2021 at 09:02 PM.
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01-15-2021 , 09:03 PM
Quote:
Originally Posted by revots33
Just wondering, is being the first mover the only real advantage to BTC over other cryptos? I mean, isn't Litecoin basically Bitcoin but a bit faster?

I read an article where investor Jim Rogers said something like " there's an infinite number of currencies with a finite number of coins". Obviously being first and the most popular is important, but if we are comparing it to gold... what's to stop another gold being created that becomes as valuable (or, so many alternatives being created that the value of all gets diluted).
Litecoin is "faster", but there are trade-offs involved with making block times shorter. BTC could make itself "faster" if it wanted. But shorter block times mean there's a higher chance of orphaned blocks and it means that the blockchain size would grow much faster, making it harder for smaller miners to keep up.

BTC devs have made the decision to prioritize security and decentralization over "speed", encouraging the offloading of some activity to 2nd/3rd layer solutions.

But to answer your question, other than first-mover advantage/network effects (which are massive), I would consider Bitcoin's origin to be a real advantage.

Because there was no pre-mine and no creator that got rich, Bitcoin is as fair + decentralized as you can possibly get in cryptocurrency. Its growth has been completely organic. It's just impossible for another coin to recreate what BTC did.
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01-15-2021 , 09:06 PM
Quote:
Originally Posted by omar coming
Litecoin is "faster", but there are trade-offs involved with making block times shorter. BTC could make itself "faster" if it wanted. But shorter block times mean there's a higher chance of orphaned blocks and it means that the blockchain size would grow much faster, making it harder for smaller miners to keep up.

BTC devs have made the decision to prioritize security and decentralization over "speed", encouraging the offloading of some activity to 2nd/3rd layer solutions.

But to answer your question, other than first-mover advantage/network effects (which are massive), I would consider Bitcoin's origin to be a real advantage.

Because there was no pre-mine and no creator that got rich, Bitcoin is as fair + decentralized as you can possibly get in cryptocurrency. Its growth has been completely organic. It's just impossible for another coin to recreate what BTC did.
Fair? Almost all the bitcons are owned by a few people.
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01-15-2021 , 09:33 PM
I don’t know who needs to hear this but if you actually knew where the short term price of Bitcoin is, you would be wildly rich
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01-15-2021 , 11:07 PM
I look forward to seeing Jackal and all the other Technical Analysis wizards joining the Forbes rich list during the bull run.

Pipe down, you're already on ignore, and there's ~0 chance you or anyone who engages in conversation with you plays the same stakes...

Enjoy ParabolicTrav's paid group.

Last edited by Two SHAE; 01-15-2021 at 11:09 PM. Reason: have fun staying a piker
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01-15-2021 , 11:18 PM
Quote:
Originally Posted by Two SHAE
I look forward to seeing Jackal and all the other Technical Analysis wizards joining the Forbes rich list during the bull run.

Pipe down, you're already on ignore, and there's ~0 chance you or anyone who engages in conversation with you plays the same stakes...

Enjoy ParabolicTrav's paid group.


:heart
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01-16-2021 , 03:03 AM
Shuffle,

So you're just a fud machine for all industries?
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