Topic: OMG !!!!! You BitCoin people were right. I wish I had bought back in March :( - page 2. (Read 7334 times)

You talk about short term, but have you zoomed out and considered that Bitcoin might be a trajectory to 6 digits, and actually stay there for the next 10 years? Is 10 years short term?


A message to all. I am not rich. I don’t HODL any Bitcoin. You can quote me on this, Kohas767. I DON’T HODL ANY BITCOIN, I HAVE ZERO.

You know that is a good question,

Did Wind_fury actually make a ton of money?
1. If he never sold any , then he has not locked in a Profit, so in truth has lost or gained nothing yet.
Paper Gains are not Guarantee Gains.

Bitcoin is a manipulated Ponzi scheme, floated to insane prices verses fiat by tether fraudulent fractional reserve scam.
So bitcoin will always achieve faster & higher rises in price, than an actual useful materials such as gold or silver.

However , one should also question which price can crash the lowest, bitcoin or gold?
Bitcoin , can crash to a price that makes mining unprofitable, and the network stops, and no transactions occur, essentially becoming worthless due to the fact bitcoin can't transfer between addresses, while gold always has industrial uses to offset supply, in addition , Gold mining could stop, but it would not prevent you from selling or buying gold already mined.

As far as Wind_fury being rich, let's say on his btctalk  Date Registered: May 21, 2016
Price of BTC was ~$7000 per coin.

Let's say he purchased US $2000 worth, for a total of 0.28571428 satoshis
* Note, I am being generous, because Wind_Fury has always complained about the cost of even running a modern PC as a node.*
So he hodl til today Feb 19,2021 , and 0.28571428 is worth ~7.8 times at $15600 U$D, so if he actually cashed out he earned $13600 in profit.  That is a nice amount , but not a life changer and it took 5 years.
But here is what happens, he won't sell , he hodl and never profit.
The thing you need to realize is bitcoin is a game of musical chairs and for 3 to 6 months , it makes sweet sweet music, and then you are stuck with 3 to 6 years of silence before the next round.
* When the Tether scam falls, it may take bitcoin with it. *

* Plus the energy waste of bitcoin has been ignored, and the coming mini ice age will be a thorn in it's side,
as enough power to keep people alive will be hard enough without wasting electricity on bitcoin insanely wasteful mining.
Texas grid almost failed and over 40 people died, and bitcoin mining gone offline in Texas.


FYI:
Had Wind_fury Purchased $2000 worth of dogecoin in May 2016,
doge at .000232 , he would have owned ~8620689 dogecoins
Today he could have sold those 8620689 dogecoins for $472758.58 U$D.
He would have made almost ½ million dollars, so Doge could have gave him financial freedom while bitcoin might have purchased him a used car.  

I think BitCoin will outperform gold in the short term, personally I would stay in BitCoin.   I would also think that BitCion gets to 100,000 well before gold reaches 3400, based on increased institutional investors.

The problem with Gold is that you can not get it once you know you need it.   BitCoin is more risk, but has a lot more upside potential in the short term.

Your Risk Tolerance and timeline would have a huge factor on weather you invest in BitCoin or Gold.

BOTTOM LINE:   If I were investing 50,000 dollars today, I would invest in BitCoin, and wait to buy gold until later on.   Of course some black sawn event can always change things quickly, so you would have to watch the markets and what is going on in the world, and be able to change strategy very quickly if needed.

Which would reach it first? Bitcoin to $100,000, or Gold to $3,400?


Short term? Zoom out, but it’s been 10 years. It’s not short term. We might have not seen “crazy” yet.


From an investors standpoint, are you saying that Bitcoin is better to HODL than Gold? Would you actually tell your fellow Gold Bugs to sell Gold and diversify to Bitcoin?

Really lament will continuously be within the conclusion and nothing to be pitiful because we cannot anticipate long run no matter what. Ready to as it were hypothesize end of the of bitcoin's cost but we cannot foresee it to go moo or tall within the future. One thing positive around it is that bitcoin is demonstrating skeptics and haters wherein it come to it's all time tall. As lion's share of individuals said,I say do not purchase bitcoin since of it's cost but HODL and investment for long run.

When it comes to investment then its just right for you to know on whats happening or the events that circling around the market and to become a good investor
then you should really be aware into those informations even though fundamentals arent effective anytime but doesnt mean that they would be irrelevant on
future presumptions and to those who do look at and speculate that institutional adoption would increase even more on upcoming years to come then
they are the ones who had been making profits at this moment.It is just depending on the risk you had put on.

It is true that the current price of bitcoin is rising, but is it possible that bitcoin will exceed the current ATH price? If so, keep holding your assets.
I think the best thing in storing assets depends on the owner himself, why? because even though it is as sophisticated and safe as storage, if the owner is careless, it will still be lost / hacked. My advice is safe storage using a hardware wallet, and using a private key even 2fa.
Hopefully my advice is useful, if there are errors please correct them.
Thank you

So you weren't aware of institutional investors last year? I take it you haven't heard of Microcomputer or Grayscale Investments then?
It was a bit irresponsible of you to predict the demise of Bitcoin, so uninformed.


BTW, I don't bother to comment on "what if" scenarios.

Having institutional money in BitCoin is a HUGE change.  As a matter of fact, institutional investment in BitCoin changes everything even if you do not want to admit it.

If you have even a 5 grade level of rational thinking,  ask yourself, WHERE would BitCoins price be if Tesla, and all the institutional money announced that they were SELLING and not investing in anymore Bitcion

I stand by my original statement, INSTUTIONAL INVESTMENT in BitCoin is changing everything...

Yeah, I wonder if this idiot still thinks Peter Schiff is right, even today? LOL!

As a matter of fact, the fundamentals have not changed, what has changed is the market's awareness of Bitcoin's fundamentals.


You sound pretty sure. Are you saying that you have not made a mistake in recent years in your predictions of BTC price?  Weren't you the one who claimed the bitcoin price will go to zero?


It's funny how some people give predictions without any argument and later play dumb when it turns out they were wrong.

Congratulations Wind_FURY,

You have made a bunch of money by HOLDING BitCoin      Gold is a very good investment, more stable, and longer term will absolutely reach 5,000.00 per ounce.

BUT:   I think BitCoin will probably go up faster and more than Gold in the short term given all the institutions and corporations that are now starting to adopt it.   

JUST MY GUESS:   There will absolutely be a time to sell some BitCion and diversify, but I do NOT think I would do it now while BitCoin price is still rising so quickly.   

Trying to call the top of BitCoin price is beyond my ability, your guess would be as good as mine.  Consider all the information out there, and do whatever you think best.  You have done great so far.

Hard Facts

What about Gold, HardFacts? I want to sell some of my profit from Bitcoin, and start diversifying to Gold. What is your price forecast for it? Would it reach $5,000 per ounce? I believe it would be one of the safest Store of Value especially after BRRRRR money printing by the Fed.

Normally I would not be so bullish on the price, BUT things are still changing for BitCoin.  This is no longer just normal price action, the fundamentals are changing    We could see 60,000.00 BitCoin in a month !

Given that institutional money, and corporations are starting to purchase BitCoin, I DO expect to see 100,000.00  BitCion price this year.

You really cannot blame yourself in this kind of situations. It will constantly happen because we cannot determine the next value of Cryptocurrencies and that is what makes it risky and fun investment. There would be situations in which you would gain so much money but at that moment, you should make a decision in what to do about it. As long as you are within the Cryptocurrency Industry, you will still have the chance to invest on it and have a positive outlook that you would always get profit as time passes by.

Actually he had too much to say sorry because of His Past actions towards Bitcoin that's why This is reactions now but yeah  he must learn the rightful way now on how to manage the strategies in crypto investment because it seems that He is a newbie trying to learn now.
hmmm thats far too large to expect , it is better not to expect so much at all , but at least 60k is one sure thing to happen this year.

Bitcoin was not designed for third party holding. The biggest advantage with Bitcoin is that, it is possible to store and transact money on your own without any outside help. If you are trusting PayPal or any of the cryptocurrency exchanges, then it is not going to be 100% safe. Obviously we can say that PayPal and some of the established exchanges such as Bitstamp and Binance have been operating for a long time.. but even then there is always a certain amount of risk associated with them. And the risk doesn't necessarily comes from hackers attacking these exchanges and stealing the coins. It can be also due to exchanges freezing your account and making your coins inaccessible to you.

That is a very good point !!!   

Although I would rather do the extra work, not have the third party risks and hold the BitCoin myself.   I think PayPal is safe enough, but others are not, and I do not like to trust others to hold my BitCoins for me.

Buying cryptocurrency is not that easy, because mainstream exchanges ask for detailed KYC verification before you can deposit cash in your account. Even after getting your No such issue with the P2P platforms, but a lot people don't want to trust such platforms. And that's why so many new users purchased Bitcoin when PayPal made it available in their platform. Ordinary investors just want to purchase cryptocurrency from a source which is reliable, and without hassles such as KYC.

Of course I said I was going to buy the next dip, and it was a good call.  What is your point if I was first, or second to say this You are trying to say this like it was a bad thing, but given the price moment, it was  great call.  What kind of games are you trying to play



Again, why are you playing games and asking if you do not want an answer   You obviously just want to TROLL without looking like a troll to everyone.    I call out BS whenever I see it, and your little attempt to ask a question and say do not answer is pretty pathetic.  Not fooling anyone.


I see a pattern developing with you....