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On September 04 2018 15:51 evilfatsh1t wrote:i mean look at this guy. Show nested quote +On December 26 2017 03:59 ShoCkeyy wrote:
$40k by end of 2018. You'll all see.
To be fair, it's only September. Compare the BTC value of September 2017 with December 2017, who knows what can still happen 
I bought both Bitcoin and ETH in August 2017, sold the Bitcoin for double the value some months later. 2 months after I sold it was 4x the value, oh well.
The ETH was triple value at some point, but this was the height of the bubble and the website I use for buying/selling was down 24/7. I ended up holding and now it's pretty much the same value as when I bought it. Guess I'll just keep holding :shrug:
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yeah some crazy shit might happen in the next 3 months and prove him right, but it sure as hell isnt going to be because bitcoin is useful. if youre banking on a miracle to happen like last year then you might as well take that mindset with everything and "invest" anywhere. i personally recommend powerball lottery. go hard or go home
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The only fire and forget investment is real estate at prime locations,like inner cities of big towns.
Not the suburbs,their potential is somewhat limited by the construction costs. There is plenty of space in the usa to build more suburbs. Inner cities though is limited supply,Supply can not ever go up unless they would build a completely new city like new York. And then you need patience,but in the long run they always go up with more then the inflation. People get richer,and the rich get richer. More money to spend on things they want,almost everything can be produced extra if demand is high enough. Few exceptions are art and real estate at prime locations in the major economic hubs/cities. Only time real estate is bad (very bad) investment is if your country is being invaded.
Other then prime real estate usa tech is the other big winner of the past few decades,but you have to put in a lot of work to find the right companys. Still if you bought facebook without thinking 3-4 years ago at ipo for 40,saw it drop to 20 after the ipo and now you have five folded your money. That was an investment everyone could have made here,you all use facebook,it is something from this generation. There is still lots of options I think but its not easy,over 10 million highly educated and smart people are working on finding the best investments world wide as their job. Wall street is pro,they don't leave many things underpriced.
Btc I don't see it but its limited supply so price can go anywhere. Wont ever become world currency,those who think that are delusional. If crypto every becomes world currency then countrys/united nations will simply issue their own crypto. There is no need to spend lots of money/purchasing power to buy all the bitcoin to replace the dollar,why would they ever give away money when its not needed because they can simply issue their own crypto. And once they issue their own crypto,that crypto will be leading from day one and replace all other crypto.
Crypto and btc have a function but it is very limited and I don't see how it can grow its function,make it bigger. Because once it becomes big enough national banks will replace it with their own crypto. But that doesn't say much about the price,it could go anywhere if enough people hoard. For now I think it will be at least anothing year of chopping,up and down to try crush all the traders. Btc imo is speculation not investing,specially now.
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On September 03 2018 13:27 TheFish7 wrote:
2. The ~ $6k level is now the strongest support level on the downside. Any significant breakout below this and we find ourselves in free-fall.
Interestingly, the recent breakout north of $4,200 probably puts the 6k level back in play again. Will be watching to see if this thing gets legs again. Not holding my breath but watching... probably just a case of sellers running out of steam.
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On April 03 2019 14:32 TheFish7 wrote:Show nested quote +On September 03 2018 13:27 TheFish7 wrote:
2. The ~ $6k level is now the strongest support level on the downside. Any significant breakout below this and we find ourselves in free-fall. Interestingly, the recent breakout north of $4,200 probably puts the 6k level back in play again. Will be watching to see if this thing gets legs again. Not holding my breath but watching... probably just a case of sellers running out of steam.
It wasnt simply a case of sellers running out of steam.
The entities that control the markets never run out of steam because their pockets are endless. They drive the market to engineer liquidity.
I still think lower lows are in store. could take months though.
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So we're now flirting with 6,000. We most likely start to see some strong resistance at this point.
I love watching bitcoin because it's a 100% technical market. There are absolutely no underlying fundamentals whatsoever. It's like some bizarre case study in how markets work written by an alien who comes from a society where they no longer need money because all resources are plentiful and all the work is done by robots.
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I bought in a small amount back in early April, $1200 US or so.50/50 BTC/BCH.
From what i understand it has resistance around 8,200 but for me, even if it stays pretty stable i'll still be ahead due to the decline of my local currency against the US dollar.They're cutting rates here next months to 1.25.
IMO it's a good time to buy in due to fiat currency risk.
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Heh well so much for the resistance level, spiked 10% yesterday.
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All that stuff about resistance is kind of bullshit in this market it seems.
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On May 27 2019 17:18 solidbebe wrote:
All that stuff about resistance is kind of bullshit in this market it seems.
Of course it is. Especially when BTC is traded against all kinds of different currencies, it's hard to think why it would stay under a certain thought-up barrier in 1 currency. Might be slightly more true for traditional stocks on a single market, because some people are superstitious and stupid and other people take advantage of that.
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Resistance just means people are more likely to place buy/sell orders at or near a certain number, they are not hard barriers per se.
Once a resistance level is broken it usually becomes support on the other side.
Resistance levels and other technical analysis concepts are just tools for describing how the market is moving, not hard and fast rules.
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Skimmed through it and I have just one question: whats the catch? How is facebook going to profit off of this?
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On June 18 2019 20:27 solidbebe wrote:Skimmed through it and I have just one question: whats the catch? How is facebook going to profit off of this?
There'll be fees for using the network, so as one of the nodes, they'll be making money from that. They're also charging $10 million for a permission to run a node for other companies, and supposedly are getting 100 nodes in total to start with so that's a quick $1 billion to get things rolling. Plus, they'll probably end up doing some funky fractional reserve shit with the backing assets eventually, if not from the get-go. And last but not least, think of all that juicy, delicious data on the financial details and spending habits of their customers.
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If you trust facebook and large banking entities to have control over your "cryptocurrency", you'd have to be a fucking moron.
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What Travis said, the whole point is to not have a middleman anymore... these companies are still trying to keep the middleman going to continue profiting off people.
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On June 18 2019 23:49 Salazarz wrote:Show nested quote +On June 18 2019 20:27 solidbebe wrote:Skimmed through it and I have just one question: whats the catch? How is facebook going to profit off of this? There'll be fees for using the network, so as one of the nodes, they'll be making money from that. They're also charging $10 million for a permission to run a node for other companies, and supposedly are getting 100 nodes in total to start with so that's a quick $1 billion to get things rolling. Plus, they'll probably end up doing some funky fractional reserve shit with the backing assets eventually, if not from the get-go. And last but not least, think of all that juicy, delicious data on the financial details and spending habits of their customers.
From day 1 indeed:
https://libra.org/en-US/about-currency-reserve/#the_reserve
I have nothing nice to say about Facebook as a conglomerate, so I won't waste too much words on it, but this project is definitely something not to underestimate.
It would be a grave mistake to simply dismiss this as "just" another one of Facebooks projects.
Like it or not, this might actually be the project that makes internet payments bigger than it already is.
I'm a privacy nerd/advocate, so it should be easy to guess what my opinion is 
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EPT
