Thread: Bitcoin

Page 1 of 3 123 LastLast
Results 1 to 20 of 47
  1. #1
    Member
    Join Date
    Nov 2013
    Posts
    16,927

    Bitcoin

    It's on sale, get it while it's warm.
    Like a Krispy Kreme doughnut.

  2. Member
    Join Date
    Mar 2014
    Location
    Arkansas
    Posts
    6,932
    #2
    Ummm still won't touch it

  3. Moderator
    Join Date
    Jul 2004
    Location
    Westford
    Posts
    16,753
    #3
    Never

  4. Stocks/Investments Moderator boneil's Avatar
    Join Date
    Jul 2010
    Location
    Aberdeen, MD
    Posts
    12,147
    #4
    Has every reason to own bitcoin been disproven at this point? Other than greater fool theory.
    Thanos was the hero

  5. Member
    Join Date
    Feb 2014
    Location
    Middle Ga
    Posts
    101
    #5
    What's the P/E of bitcoin now??

  6. Member
    Join Date
    Jun 2006
    Location
    Wisconsin
    Posts
    5,105
    #6
    Quote Originally Posted by TampaJim View Post
    It's on sale, get it while it's warm.
    Like a Krispy Kreme doughnut.
    In the sun.

  7. Stocks/Investments Moderator boneil's Avatar
    Join Date
    Jul 2010
    Location
    Aberdeen, MD
    Posts
    12,147
    #7
    Quote Originally Posted by Split Shot View Post
    What's the P/E of bitcoin now??

    -infinity
    Thanos was the hero

  8. Member
    Join Date
    Nov 2013
    Posts
    16,927
    #8
    Bitcoin = Buy Rating


  9. Member
    Join Date
    Apr 2022
    Location
    Indiana
    Posts
    64
    #9
    I’ve got Bitcoin orders in at 7,000.. expecting a capitulation type move in the future.

    https://www.google.com/amp/s/www.fxs...o-202206150841

  10. Member
    Join Date
    Aug 2013
    Location
    Saint Marys,Ga.
    Posts
    996
    #10
    Wait a minute. Has there been the 2.5 year research done on it?

  11. Member
    Join Date
    Nov 2013
    Posts
    16,927
    #11
    Quote Originally Posted by BassAllYear96 View Post
    I’ve got Bitcoin orders in at 7,000.. expecting a capitulation type move in the future.

    https://www.google.com/amp/s/www.fxs...o-202206150841
    I'm your Huckleberry @ 6,800, ring me up.

  12. Stocks/Investments Moderator boneil's Avatar
    Join Date
    Jul 2010
    Location
    Aberdeen, MD
    Posts
    12,147
    #12


    I do believe we are about to see an influx of fresh young workers. Will MSTR still be a company on Tuesday?
    Thanos was the hero

  13. Stocks/Investments Moderator boneil's Avatar
    Join Date
    Jul 2010
    Location
    Aberdeen, MD
    Posts
    12,147
    #13
    MSTR at the close on Friday had a market cap of 1.89 Billion. MSTR used debt to buy more bitcoin. They now sit with an unrealized loss of $1.66 billion.

    I thought about going long MSTR as a bitcoin play when it was trading at around $400. I saw that they where borrowing money to buy more bitcoin. Big red flag. I thought that they where actually making money on other services and using that to buy bitcoin, not borrow. Thankfully I decided against it.

    At some price point of bitcoin, MSTR is in serious trouble. It was thought that price was below $21K. I don't know how MSTR stays solvent much longer at these prices.

    Understand that when commentary like mine was thrown around for TSLA, it was the best time to buy.
    Last edited by boneil; 06-18-2022 at 07:04 AM.
    Thanos was the hero

  14. Member
    Join Date
    Mar 2014
    Location
    Arkansas
    Posts
    6,932
    #14
    I still can't get over the that nothing backs up bitcoin at least as far as I can tell. Which puts it valueless in my opinion still, although I can see the possibilities to profit from it.

  15. Member
    Join Date
    Feb 2020
    Location
    KY
    Posts
    241
    #15
    What I think is funny is that everyone on Reddit is freaking out about the price of Bitcoin, when they all say Bitcoin is supposed to replace the dollar. So, they are upset because it isn’t worth as many “dollars”, but it is replacing it at some point? How does any of that make sense? So, say it goes to 1 million dollars, it is still valued by the dollar. None of it makes sense to me.

  16. Member
    Join Date
    Nov 2013
    Posts
    16,927
    #16
    Bitcoin is junk, IMO. As noted, nothing to back it, zip.
    The US dollar is fully backed. Buy Treasuries, quickly.

    And if you believe the US dollar isn't backed ...


  17. idbefishing
    Guest
    #17
    Quote Originally Posted by Bassmaster96 View Post
    I still can't get over the that nothing backs up bitcoin at least as far as I can tell. Which puts it valueless in my opinion still, although I can see the possibilities to profit from it.
    this is the reason why I’ve stayed away, along with all of the other crypto coins

  18. Member
    Join Date
    Nov 2011
    Location
    Coral Springs, Florida
    Posts
    10,790
    #18
    Looks like it dropped under $18,000.00 today.

  19. Member
    Join Date
    Nov 2013
    Posts
    16,927
    #19
    Quote Originally Posted by NitroZ7 View Post
    Looks like it dropped under $18,000.00 today.
    Gonna be interesting. Can't recommend standing under a bridge or tall building.

  20. Member
    Join Date
    Jun 2006
    Location
    St.Louis
    Posts
    4,756
    #20
    Long post here……….but, some interesting angles I’ve taken away from reading deeper on the subject the past few years. I certainly don’t have all the answers here; I just find it interesting. (Be sure and stay away from big scary headlines and ‘crypto bro’ YouTube videos. All clickbait)


    And not trying to convince anyone here; just recommending not to be too dismissive if you haven’t dug into it.


    Bitcoin was designed as a decentralized, peer to peer payment system. Think of it as a network.


    Like the telephone when it first started, no underlying value to it. And if a handful of people had phones, it was cool………but not a big deal. But, when millions of people have a phone, it’s now an incredible tool.


    And like the internet in its infancy, no underlying value to it. And with a handful of websites around; that made it interesting; but billions of websites make it world changing.


    Also, don’t look at it from a first world developed nation viewpoint. Be sure and think internationally. Especially emerging, undeveloped nations with floundering, corrupt governments and economies. 91% of the world has cellphones, but 35% are unbankable. Bitcoin gives the unbanked, access to a global financial system.


    But, still don’t overlook governments who have frozen or seized citizens bank accounts. A recent example is Greece. A NATO, European country that seized money from a million citizens bank accounts just a few years back……….and for people to be so mistrustful of the government on this website, it’s probably not advisable to be so dismissive of something that could preserve your wealth from your government.


    It really is worth taking a deep dive into and grab a book on the subject; just move the needle from skeptical to curious.

Page 1 of 3 123 LastLast