I think that although we have fundamentally different ways of looking at bitcoin, you seem to approach it in a healthy manner (in that you are prepared for crashes, and that those crashes likely wont have an appreciable impact on your lifestyle). So while we disagree on BTC's trajectory, I can respect your point of veiw.
However, my posts aren't really directed towards people with relatively sane (if not a bit overly optimistic, IMO) veiws. I'm hoping to reach some of those people who are taking out loans or otherwise leveraging debt to buy BTC; the people who are going to be in a world of hurt if and when BTC crashes. A lot of people around here are deluding themselves into thinking that a 2011 style crash isn't possible again. Even worse, you have a large percentage of people on this forum actively encouraging people to risk their livelihood on BTC. Somebody has to provide the voice of reason.
Topic: Sustainable growth (Read 1294 times)
...does not look like this:
Oddly enough, I completely agree with you, evolve.
You're... what? A very long term bull and a short to mid-term bear? I'm a total bull: to me, crashes are a buying opportunity - nothing more.
Eh. That doesn't matter.
Here's the thing - it's a matter of perception; of historical perspective if you will. While I agree that this doesn't look even remotely like sustainable growth, I question the foundation of looking at bitcoin like that. I can't look at it like a stock, or an investment in the real world and its goods of any kind.
So answer me this: what if - rather than the unsustainable growth of a fictitious commodity - bitcoin is nothing more than the release of a decades or even centuries-long pent up demand for an end to the control imposed on us by those who now own the wealth of the world?
Because that's how I see it. I see it catching on like fire in a drought. One by one people begin to understand that there is an alternative, and all they have to do is grab on.
So yeah, there'll be a crash, or a correction or whatever you care to call it. But it won't matter - not even in the short term.
The cat is out of the bag...
I would love to know how many tech savvy high net worth individuals are buying right now.
Tech savvy people start a mining rig to profitIt's the non tech savvy people that inflow the USD
Shhhh! Don't spoil the secret!! COME ON!!!
I would love to know how many tech savvy high net worth individuals are buying right now.
Tech savvy people start a mining rig to profitIt's the non tech savvy people that inflow the USD
There is definitely a slow and steady buying happening at whatever the current price happens to be.. on average its like 10btc per 3-5 minutes.. it is relentless, ask walls are inevitably chewed through, bear dumps are slowly and surely bought back..
I can only imagine that we are running out of bears with funds to fight back..
Up we go!
I can only imagine that we are running out of bears with funds to fight back..
Up we go!
Seems so, he just bought it up to $130. Mind you I'm more concerned with consolidating a ton of BTC to one individual or entity.
Just saw an insane move to the upside, am I alone in thinking someone is behind this? I saw a big ~2400 BTC buy @ $122.90 and it just kept pumping in up to ~$126.90
$300k+ purchase just like that?
Some people really trust Bitcoin will be used in the future alot $300k+ purchase just like that?
Just saw an insane move to the upside, am I alone in thinking someone is behind this? I saw a big ~2400 BTC buy @ $122.90 and it just kept pumping in up to ~$126.90
$300k+ purchase just like that?
$300k+ purchase just like that?
it looks like this!
*log chart*
*log chart*
Yeah, that still doesn't look sustainable...putting it on a logarithmic scale doesn't really change the base information, does it?
Do we have to have this same conversation every week?
Yup....
Bitcoin is the religion
And I believe in it
....and this is why.
We'll definitely go to 500$ by May
Whatever religion you're into... please pray for that
Bitcoin is the religion
And I believe in it
We'll definitely go to 500$ by May
Do we have to have this same conversation every week?
it looks like this!
...does not look like this:
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