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#436
11-30-2020, 05:04 PM
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I opened up a Mt.Gox account back when it was still up and running, but never got the nerve to put money in it before it shut down. Then, in early 2017 (when Bitcoin was priced at ~$3.3K), I took the plunge and invested in Bitcoin, Litecoin, Ethereum and Ripple. I then opened a Bittrex account and put some more money into smaller coins. When it almost hit $20K (per BTC) I was very tempted to cash out. And then for a couple years after the crash in early 2018, I regretted not doing so. Right now, the HODL philosophy is looking pretty good. As govts begin to invest more resources into digital currency, I anticipate the numbers to continue upwards in the year+ ahead. There'll be dips, of course, but we're in a different market than we were just 2 yrs ago (or even 1 yr ago, for that matter). . Last edited by ciclista_tifoso; 11-30-2020 at 05:38 PM. 
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#440
12-16-2020, 10:33 PM
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From 13 bucks to 20k+, all with absolutely no fundamental underlying asset that justifies it as an investment...
...yet meanwhile its being touted as a currency alternative? What a joke. Imagine the consequnce of the dollar or other benchmark currency appreciating 5 figure %.
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#441
12-16-2020, 11:13 PM
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Quote:
I think you can simultaneously believe that it is both an interesting potential asset class and an experimental digital currency with high levels of uncertainty and price volatility. Those two things don't need to be mutually exclusive. That said, it seems unlikely you'll see the kind of exponential growth that people enjoyed from the very early days. When I first learned about it, it was trading a little less than $1.00 per bitcoin. It seemed a lot of experimental back then... Even if it goes to $1M per btc from here (which seems ludicrous), that's only a 50x return -- which seems pedestrian compared to some of the tech companies.
__________________
And we have just one world, But we live in different ones
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#442
12-17-2020, 12:09 AM
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i don't understand it and don't view it as an asset class. call me ignorant.
when a buddy of mine tells me that a place he camps at, with a nearby hydroelectric dam and where the local utility is a co-op, and a major fund comes in and buys/rents a boatload of unmarked space and fills it with servers mining bitcoin because the power is among the cheapest in the country, that tells me something's not quite right in the state of denmark. but hey, 'merica! Quote:
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#446
12-17-2020, 02:28 PM
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When the apocalypse comes, my Beanie Baby collection will be worth more than those bitcoins.
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#447
12-17-2020, 06:55 PM
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Quote:
I hope the collection includes one of these: Princess Bear - $665k 
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#450
12-26-2020, 03:41 PM
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Meanwhile unemployment insurance stops and well as evictions about to be restarted....
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Linear Mode
