Home Precious Metals

Bitcoin Target Price

2456715

Comments

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    @cohodk said:

    This has been a wealth transfer to Russia and Asia and is why "they" havent popped the bubble yet. The bigger they are, the harder they fall.

    Only if Russians and Asians were the only ones selling them for a profit. I suspect the crowd at the table is more encompassing.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    The decline from democracy to tyranny is both a natural and inevitable one.

  • BaleyBaley Posts: 22,658 ✭✭✭✭✭

    Liberty: Parent of Science & Industry

  • RobMRobM Posts: 535 ✭✭✭

    So we are now in the "return to normal" part of the chart?

  • BaleyBaley Posts: 22,658 ✭✭✭✭✭

    Compare to 5 year bitcoin chart..
    Looks like maybe.

    Liberty: Parent of Science & Industry

  • 66Tbird66Tbird Posts: 2,858 ✭✭✭

    Hope everyone here that's into crypto is familiar with that graph and just did their acquisition last week. I'd heard (read different groups and feeds) Elon was getting flak about his verbiage on the subject and I figured he'd set the stage again with resuming BTC as payment.

    Need something designed and 3D printed?
  • RobMRobM Posts: 535 ✭✭✭

    Note that I suggested "return to normal", not "return to the mean". BTC likely sub $15K later this yeat.

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    gutter crypto yet?

    The decline from democracy to tyranny is both a natural and inevitable one.

  • blitzdudeblitzdude Posts: 5,367 ✭✭✭✭✭

    @derryb said:
    gutter crypto yet?

    Only my LTC, down double digits. Everything else still mostly up, ETC slightly in the red. Time to TODL HODL!

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,116 ✭✭✭✭✭
    edited June 15, 2021 12:08PM

    Crypto price volatility? This is what true price discovery looks like. “There really is no real market anymore when you have an unlimited non-economic actor (the FED) in the market distorting prices, and furthermore, that other investors perceive them to be there, whether or not they're there. That is not a functioning market at all.”

    Investors are simply looking for ways to escape the US dollar and “what this crypto space does is it allows for 1 trillion or 2 trillion of that excess froth to be diverted away from stocks and from real estate and all that and to go into this very benign asset,” Nakamura told Farley.

    There will be a day when the Fed, the Treasury and the SEC (Securities and Exchange Commission) will stick their long regulatory snouts into crypto. It may not mean the digital party is over, but the markets will lose the price discovery elasticity that currently works so well.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    Holding the crypto new (margin) money into a meme :o

  • tincuptincup Posts: 4,748 ✭✭✭✭✭

    Is the ship sinking? Or... another buying opportunity.

    ----- kj
  • derrybderryb Posts: 36,116 ✭✭✭✭✭
    edited June 22, 2021 11:07AM

    Another reminder from China that it is not going to tolerate crypto use or crypto mining. The wise understand that restricting mining affects supply. I'm buying the ETH dips.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • 66Tbird66Tbird Posts: 2,858 ✭✭✭

    China has made that 'no crypto here' call a half dozen times. Every time the prices fall and smart (the whales) move in a buy more. After a while they recant and prices head back up. I noticed that signal a few months ago when my hosted miner wouldn't mine the top algo for that FPGA miner. So I told them to send it to me and I joined it with its brothers and tacked on another 25Ghs to the 0xbtc coin show.

    Let the prices fall I say, I'll take what I have left of what I scraped off earlier and buy more. It's all gravy for me at this point.

    Need something designed and 3D printed?
  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭
    edited July 16, 2021 4:48AM

    .

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,305 ✭✭✭✭✭

    It's inevitable that some of the free trillions of dollars will be used for speculation to get out of dollars. It seems that 80% of the public now understands that inflation isn't going to be transitory.

    Those dollars you worked so hard for are up for grabs.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭

    Sold all my cryptos a few weeks ago. Not finding a useful way to transact. And why have an exercise in futility with volatility ? Held it for 4 years. Did two transactions last year buying and selling metals with cryptos. I'm just not a fan or proponent of this type of money. I have some friends who did very well. One cashed out at $52k. He says he did not hold long enough (8 years) but he had great timing. So it went up another 9 grand. It's dropped 30 grand since. ( a few short months). Enjoy yours.

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    Move to cash accelerating in many asset classes.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    The decline from democracy to tyranny is both a natural and inevitable one.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    edited July 18, 2021 6:25AM

    Bought in late at 17k in 2017. Cashed in at 37k after it dropped from $60k. Won't look back or forward. Free flowing electrons aren't free.

  • blitzdudeblitzdude Posts: 5,367 ✭✭✭✭✭

    I started to add just a little every week spread out on the btc, doggie coin, ltc, eth, etc. Just gutter money that used to go to gutter metal. Can't do any worse.

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    PP makes it easy to convert small ebay profits into cryptos. However best to wait and buy in lots greater than $1000, lower crypto purchase fees.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    edited July 27, 2021 6:25AM

    Ooops. Maybe I got out too soon. Looking back, makes me look forward. :joy:

    My electric bill is up. Must be global warming from Bitcoin miners.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭

    @derryb said:
    PP makes it easy to convert small ebay profits into cryptos. However best to wait and buy in lots greater than $1000, lower crypto purchase fees.

    Yes, but with managed payment from eBay, it's not so easy to transfer the money. Now it doesn't go to PP. it goes direct to bank.

    So much for simplicity.

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    transfer the profits to PP

    The decline from democracy to tyranny is both a natural and inevitable one.

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    Don't check the price of ADA (Cardano) :):*

  • 66Tbird66Tbird Posts: 2,858 ✭✭✭

    Ahh, cute little Cardano, I remember stacking you at 12 cents. Keep on growing into a big coin. :smiley:

    Need something designed and 3D printed?
  • metalmeistermetalmeister Posts: 4,584 ✭✭✭✭✭

    I see a correlation of free money being dumped out of the sky by our government in the form of PPP and EDD monies ( Est. 50- 70% Fraud ) and the rise of crypto. As soon as the free money dries up look for cashing out of gains. The problem is government hands out monies based on the honor system and then does a "random" 0.5% check of the handed out monies but the monies have already left the country or are in crypto. We are taking $100's of billions.

    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • jmski52jmski52 Posts: 22,305 ✭✭✭✭✭

    As soon as the free money dries up look for cashing out of gains.

    A pause, or and end to free money. That would be your "buy" signal for a speculative crypto position, I suppose.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    Free money is like rust, it only spreads.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • 66Tbird66Tbird Posts: 2,858 ✭✭✭

    Enjoying the ride and waiting for the signs to convert to Tether. It's another rinse and repeat cycle, only the numbers are bigger. I hope others here are doing the same.

    Need something designed and 3D printed?
  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    :)

    The decline from democracy to tyranny is both a natural and inevitable one.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭

    @derryb said:
    Free money is like rust, it only spreads.

    True. But working money greases palms.

  • derrybderryb Posts: 36,116 ✭✭✭✭✭

    The decline from democracy to tyranny is both a natural and inevitable one.

  • blitzdudeblitzdude Posts: 5,367 ✭✭✭✭✭
    edited October 26, 2021 4:12PM

    Guess I'd trade one the boys for a bitcoin or two. Crazy World! RGDS!!

    The whole worlds off its rocker, buy Gold™.

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    Come on ADA drop some more as I'm in a buying mood :)

  • guitarwesguitarwes Posts: 9,237 ✭✭✭

    @66Tbird- sounds like you've been on a fun ride for the last several years as I have. SHIB has been on a tear as of late and it looks to be Musk's next golden child. Vitalik Buterin burned about half of the SHIB tokens to a wallet with no key because the creators sent them to him but he didn't want them, so the supply was cut down a good bit but there's still a bunch available.
    Happy for you that you've stuck with cryptos and it has paid off.

    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • s4nys4ny Posts: 1,562 ✭✭✭

    Bitcoin has momentum and my target June 30, 2022 is 100,000. NY is the leading state in Bitcoin production. A guy has 15,000 computers on the east side of Seneca Lake. Cheap electricity and cool climate is the answer.

    https://abcnews.go.com/US/wireStory/bitcoin-mining-power-plant-raises-ire-environmentalists-80618790

  • 66Tbird66Tbird Posts: 2,858 ✭✭✭

    I figured that the infrastructure bill would cause a dip, so I bailed into Tether this morning. Looks like I got lucky again. Let it fall, I'm ready.

    Need something designed and 3D printed?
  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    Picked some more ADA up a $1.49 today :)

  • 66Tbird66Tbird Posts: 2,858 ✭✭✭

    Congrats on the ADA dip buy. My 'more research' radar triggered on ADA after news of regulations tightening in India. Probably nothing I'm hoping because I'm a little deep in that one too.

    I did a crazy thing with my pulled Tether (the gravy acc). Staking Eth/Sheesha at 45% APY (yes, really) and it's working so far. Watching very closely for any sign of trouble.

    Need something designed and 3D printed?
  • I am not an ADA fan, there no utility to the protocol and all Charles ever does is makes up excuses surrounding the delays. My current small spec is CRV, out of all the defi protocols it has the largest TVL.



    I have a very strict gun control policy: if there's a gun around, I want to be in control of it - Clint Eastwood
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭

    As to the actual thread title: you can only say it's a moving target. I think of a target price as a deal at the retailer. Does Target deal in Bitcoin ? And if retailers did, there might be more acceptance . Like gift cards valued in crypto. Where you could be short ten grand in one minute or have 10 grand extra by the time you get through checkout .

    I have crypto but find few who wish to transact. So for me, it's like leaving a can of paint open to dry, vs. spreading it on a wall to watch it.

    As money goes.

  • jessewvujessewvu Posts: 5,063 ✭✭✭✭✭

    The bottom is getting knocked out of crypto.

  • DrBusterDrBuster Posts: 5,301 ✭✭✭✭✭

    Not just crypto, stocks took a beat down this week.

  • 66Tbird66Tbird Posts: 2,858 ✭✭✭

    I'm set for a big dip buy. Yanked my Sheesha staking after a 23% gain in 7 days and I'll slowly buy back into the big five. Let crypto fall, again.

    Need something designed and 3D printed?
  • DrBusterDrBuster Posts: 5,301 ✭✭✭✭✭

    https://www.zerohedge.com/crypto/leveraged-bitcoin-traders-flushed-out-epic-overnight-crash

    ... an assessment Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore agreed with, telling Bloomberg the action overnight was leveraged buyers of Bitcoin being flushed out.

    "Markets have also been jittery with all the uncertainty around omicron, with cases now appearing in many countries," Ayyar said. "It's hard to say what that means for economies and markets and hence the uncertainty."

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭

    @DrBuster said:
    https://www.zerohedge.com/crypto/leveraged-bitcoin-traders-flushed-out-epic-overnight-crash

    ... an assessment Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore agreed with, telling Bloomberg the action overnight was leveraged buyers of Bitcoin being flushed out.

    "Markets have also been jittery with all the uncertainty around omicron, with cases now appearing in many countries," Ayyar said. "It's hard to say what that means for economies and markets and hence the uncertainty."

    I thought cryptos were supposed to be a hedge against economic uncertainty.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

Sign In or Register to comment.