OT: Ray, how's your Bitcoin investment going?

[Hawker]

Originally Posted by tomato coupe

When the apocalypse comes, my Beanie Baby collection will be worth more than those bitcoins.

It is your lucky day. Have I got a deal for you!

[Tony T]

Originally Posted by tony t

approaching 26,000

26,700

[C40_guy]

my son put some money into Bitcoin a couple of years ago and he's just now back to even.

Meanwhile we've made a 50% return on STIC.U (a SPAC) in less than two weeks...

SPACs seem to be the 2020 iteration of reverse mergers.

[Tony T]

28,000+

[Tony T]

Originally Posted by C40_guy

my son put some money into Bitcoin a couple of years ago and he's just now back to even.

Even if he bought bitcoin as the 20k high years ago he should now be closer to a 50% return than break-even

[Tony T]

29,000

[gngroup]

$30k for New Year’s . . .

[Tony T]

30,000

[Tony T]

31,000

[Louis]

How could anyone rationally justify buying in at this price?

Or is it all "irrational exuberance?" (to quote Alan Greenspan before the .com bubble burst)

[redir]

Originally Posted by Louis

How could anyone rationally justify buying in at this price?

Or is it all "irrational exuberance?" (to quote Alan Greenspan before the .com bubble burst)

I can't that's for sure. Just 6 weeks ago I said I will buy if it dips below 10k. It did and I let it go, wish I didn't.

There will be a correction soon. I could of course be wrong but there is no way I'm buying at this price.

[R3awak3n]

I won't buy it but I am sure people thought the same when it was 5k, 10k,. 15k, 20k, 25k...

[Tony T]

32,000

[Tony T]

33,000

[gngroup]

If you believe Citibank and Morgan Stanley’s price guidance of somewhere north of $300k per coin, buying in now represents a tremendous opportunity. Even if you take the shorter term valuation of $50k this is still a good entry point. That said, it’s all about ‘belief’.