Topic: Bitcoin Price Holds Above $9k - page 4. (Read 742 times)

And it's going to go higher. If you forgot to buy at 3k you lost a good opportunity.

I doubt the situation we're witnessing depends on the news. It's more of a mix of everything. People were laughing at bakkt but it's obviously growing and getting more money and more users. China may open to BTC and lift its ban, we have some nice bullish TA. A year from now you'll be sitting at 10k saying that 10k was the bottom.

maybe this makes no sense if you want to compare the income owned by bitcoin investments with oil investments because bitcoin and oil companies are very different, we know bitcoin is a digital currency with limited supply, while their oil wells can be obtained whenever they want and there are still many oil wells in the world that can be taken for sale, unlike bitcoin.

Oookay.  These news items have nothing to do with bitcoin sticking above $9000, and the news isn't even that interesting anyway.

As suggested, please move this thread to the speculation section or just lock it and let it die, because it doesn't even make much sense.  I'm very happy that bitcoin held onto its gains in the past week, but the fact that some oil company is going public isn't related to that.

It's losing all that money because of a drone strike?  Wow.  That shows you the potential damage governments have the power to inflict. 

i don't really follow these things but isn't this the same oil company that was recently attacked by Syrian drones and was shut down losing 6 million barrels of oil and lost $2 billion? how is it even profitable let alone running an IPO?!!!

in any case it is very strange to compare it with bitcoin. there is nothing in common here. it sounds like the most random comparison of all times. not to mention that bitcoin is a growing currency that is being adopted all around the world. so its growth is naturally higher than anything else.

Another news article forcing to compare something that is too far different from Bitcoin. What are these online publications doing? Can they not think, analyse, and write something that is relevant? Saudi Aramco offering to sell stocks to the public is not related to Bitcoin in whatever tiny way. This is better posted in politics and society because this step from the powerful oil company has political and economic underpinnings.

Bitcoin went from zero to whatever price it has when you read this. Companies can have similar performance, perhaps in a different timespan. But the key difference is the time of investment. You say this company is already big, so its probably getting in with an already high price. But when the company is small and unknown, and nobody believes in it, at that point is cheap and those investing that early have the highest potential of profit in the long run. Think Apple in the 70ies, two kids in a garage, they went to a third person that invested big, but quickly withdraw. Boy did he "lost" good. Its like buying bitcoin when it was 3¢ then sell it all when it reached 1$ (100¢), after all its 33 times its value...

Those large companies, say its stock starts at 50$, suppose it goes to 250$, thats 5 times, not bad but not stellar.

Once the company decides to "go public", it might be too late for spectacular gains, you could say its mature. It might get you profit, just don't expect miracles.

I suppose in this case, those that invested at the earliest were probably the Saudi monarchy themselves. That country knows oil won't be such a good business forever, and has already taken steps in diversification, unlike the complete idiots that rule over my country that ran it into misery.

Imagine that you invest in bitcoin now, and it reaches 18k (2x) that's not bad, but its not stellar either. It matured. As always, those that invest earliest (and risked more), have the chance to gain more.

Comparing the return on investment between Bitcoin and Saudi Aramco may not make sense.
That company represents Saudi oil, which is one of the largest assets in the world and the occurrence of problems may affect the energy prices globally, so the likelihood of loss does not appear as much as Bitcoin.
Don't forget that the return on investment from BTC was bad at some point in 2018.

Bitcoin has kept prices above $ 9,000 but has not broken psychological barriers, meaning that any collapse could bring us back to the $ 7,000 levels as we were a few days ago.

BTW move this topic to Speculation

The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.

https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/