Topic: why I bought - page 5. (Read 4980 times)
Yes, buy and hold is a standard nowadays but the question is who's going to buy then if most people are already selling once the price doubles as predicted.
I bought it three months ago and have not looked back.
I think the later will be worth a lot and that I can take out a lot of profit.
I think the later will be worth a lot and that I can take out a lot of profit.
I bought as a long term investment, local interest on bank accounts are so low these days. I only invested
what I could afford to lose into Bitcoins, till now it paid out OK
what I could afford to lose into Bitcoins, till now it paid out OK
Buying a bitcoin is always a good action. You have invested into a highly returning vehicle. Your money will keep on growing at least for next 100 years.
We don't know if bitcoins will even exist in the next 100 years. I think a new better system might take over bitcoin in the next 50 years.As a from of money base, bitcoin could still live them. But many systems and applications will be built up it.
Buying a bitcoin is always a good action. You have invested into a highly returning vehicle. Your money will keep on growing at least for next 100 years.
We don't know if bitcoins will even exist in the next 100 years. I think a new better system might take over bitcoin in the next 50 years.That would be my guess as well - technological advancements, changes in economy/politics and consumer needs will probably result in a new type of crypto. But what does it mean for bitcoin, and its price? Would bitcoin cease to exist, becoming worthless - or turn into a prized collector's item worth thousands?
Buying a bitcoin is always a good action. You have invested into a highly returning vehicle. Your money will keep on growing at least for next 100 years.
We don't know if bitcoins will even exist in the next 100 years. I think a new better system might take over bitcoin in the next 50 years. 
Buying a bitcoin is always a good action. You have invested into a highly returning vehicle. Your money will keep on growing at least for next 100 years.
I disagree that halving will lower the valuation.
Simply put less is more when valuing things, but I see more than just that.
Miners are no longer the only part of this equation. With intercommunication or exchange between distribution platforms and commerce portals opening left and right the world around, BTC can do nothing but continue to gain valuation as long as big government and Central banks remain away.
There's a big difference between currency wars and currency bans.
Exciting times indeed but not enough reason to stop accumulating IMHO.
Simply put less is more when valuing things, but I see more than just that.
Miners are no longer the only part of this equation. With intercommunication or exchange between distribution platforms and commerce portals opening left and right the world around, BTC can do nothing but continue to gain valuation as long as big government and Central banks remain away.
There's a big difference between currency wars and currency bans.
Exciting times indeed but not enough reason to stop accumulating IMHO.
I fully respect opposing opinion. Its actually good all around.
All I would ask is to consider BTC as a small body sharing the solar system with ginormous Bodies.
There is movement outside our ecosystem worth noting.
Things will affect BTC price upward and that's not considering maturing commerce or retirement level funds.
I did not stat 3-5k in any time period. 3-5k is a simple range for a more realistic Market cap.
And a more realistic market cap with commerce and retirement fund interest is frankly scary.
No predictions time wise but things going on with death petrol dollar, emerging market bond debt dominos, ridiculous overvalued USD, etc etc are peaking. Whenever things get ugly I feel bad for anyone not holding bullion and crypto.
All I would ask is to consider BTC as a small body sharing the solar system with ginormous Bodies.
There is movement outside our ecosystem worth noting.
Things will affect BTC price upward and that's not considering maturing commerce or retirement level funds.
I did not stat 3-5k in any time period. 3-5k is a simple range for a more realistic Market cap.
And a more realistic market cap with commerce and retirement fund interest is frankly scary.
No predictions time wise but things going on with death petrol dollar, emerging market bond debt dominos, ridiculous overvalued USD, etc etc are peaking. Whenever things get ugly I feel bad for anyone not holding bullion and crypto.
Only a lunatic would think $1200 a coin is possible anymore. 500-600 maximum is the best case scenario going forward. Halving is priced in already, there's no more massive China buy-in, bitcoin is an old tech, old news, no new excitement anywhere. We've hit a dead-end.
We shall see $1200 later this year. One reason is the halving, the other is the wide usage of bitcoin.
Right, the halving is just one reason.We will see several new implementations and improvements of the protocol and infrastructure that will have huge impacts how and in which directions will Bitcoin evolve in the future.
Therefore I recommend to listen to the newest Letstalkbitcoin Episode (277) with Andreas Antonopoulos where he and his to other hosts talk about the coming implementation of SegWit.
https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-277-separating-signatures-with-segregated-witness
Only a lunatic would think $1200 a coin is possible anymore. 500-600 maximum is the best case scenario going forward. Halving is priced in already, there's no more massive China buy-in, bitcoin is an old tech, old news, no new excitement anywhere. We've hit a dead-end.
We shall see $1200 later this year. One reason is the halving, the other is the wide usage of bitcoin.
3k-5k per coin is a huge amount to think for now but it's now unreachable, we hope more (e)commerece will use bitcoin in the near future.
right now this price is far from realistic. but after 4 or 5 years things can look completely different. then we might even see the price go much higher than that. all this is just speculating right now, but the possibility for this to happen is really here.
Only a lunatic would think $1200 a coin is possible anymore. 500-600 maximum is the best case scenario going forward. Halving is priced in already, there's no more massive China buy-in, bitcoin is an old tech, old news, no new excitement anywhere. We've hit a dead-end.
Guess there will be a lot of rich lunatics around in the future then.. 7 billion market cap is nothing, nothing at all for something like this.
A small tech company can be valued at that without their first product released. Just watch your 500-600 maximum eveporate in the coming year.
3k-5k per coin is a huge amount to think for now but it's now unreachable, we hope more (e)commerece will use bitcoin in the near future.
right now this price is far from realistic. but after 4 or 5 years things can look completely different. then we might even see the price go much higher than that. all this is just speculating right now, but the possibility for this to happen is really here.
Why 4 or 5 years. We are going to see 3k levels within this year. The melting stocks in many countries may take bitcoin to any height. Already China is started investing into crypto-currencies, usually other countries will follow trend of first goer.
China has been in crypto for a few years now, it's not that they just found out about it. At this point Chinese investors are being held back by useless policies towards Bitcoin and crypto in general. Currently the majority of the so called Chinese "investors" are small fishes that are looking for a quick buck. We need market movers and not 2-5BTC "investors". Beside that, it's better to wait for the $1000 to be reached again before dreaming about $3K and above.
In short, OP bought 0.1 btc because he thought one day he'd be a millionaire.
OP is talking about 3K-5K per coin.
How does buying 0.1 BTC make him a millionaire?
3k-5k per coin is a huge amount to think for now but it's now unreachable, we hope more (e)commerece will use bitcoin in the near future.
right now this price is far from realistic. but after 4 or 5 years things can look completely different. then we might even see the price go much higher than that. all this is just speculating right now, but the possibility for this to happen is really here.
Why 4 or 5 years. We are going to see 3k levels within this year. The melting stocks in many countries may take bitcoin to any height. Already China is started investing into crypto-currencies, usually other countries will follow trend of first goer.
Only a lunatic would think $1200 a coin is possible anymore. 500-600 maximum is the best case scenario going forward. Halving is priced in already, there's no more massive China buy-in, bitcoin is an old tech, old news, no new excitement anywhere. We've hit a dead-end.
3k-5k per coin is a huge amount to think for now but it's now unreachable, we hope more (e)commerece will use bitcoin in the near future.
right now this price is far from realistic. but after 4 or 5 years things can look completely different. then we might even see the price go much higher than that. all this is just speculating right now, but the possibility for this to happen is really here.
3k-5k per coin is a huge amount to think for now but it's now unreachable, we hope more (e)commerece will use bitcoin in the near future.
So true, we just don't know what hammers can get dropped by today's governments.
If you asked people 20yrs ago if they could imagine a reality where DC steals our civil liberties overnight and most don't know or care, they would be impeaching leaders.
If you ask anyone today can they imagine bitcoin made illegal overnight they just might think your nuts.
I hope not.
Its simply a kick ass product.
But its also a threat to the elite of elite.
Personally I expect new lows to go with new highs.
The powers that be know well how to shake the tree.
If you asked people 20yrs ago if they could imagine a reality where DC steals our civil liberties overnight and most don't know or care, they would be impeaching leaders.
If you ask anyone today can they imagine bitcoin made illegal overnight they just might think your nuts.
I hope not.
Its simply a kick ass product.
But its also a threat to the elite of elite.
Personally I expect new lows to go with new highs.
The powers that be know well how to shake the tree.
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