Because it is nothing like we have seen before. It is normal to feel frustrated when you don't understand something. We still don't have a solid framework to analyse the intrinsic value of Bitcoin. We can find out the current valuation of traditional stocks with many different methods based on their earnings and assets. Bitcoin price is mainly speculative and driven by supply & demand like any other marketable thing in the world. Keep in mind that BTC is very scarce with a limited supply of 21M from which 4M (probably more) is lost.
When big companies are taking positions and PayPal announcing integration with cryptocurrencies, what can you expect? The signals are in the market.
With the tremendous respect I have for Warren Buffett, he is not God. He CAN make mistakes and his at an age when it is much easier to stick with the old ways.
Topic: Why the duck is btc at 13.526,98 USD ? - page 2. (Read 495 times)
Warren Buffet in that literal video explains to you that he has a "preference" on what he invests and that is about it, he is not talking about why it is such a bad idea that nobody should ever touch it, he doesn't even gold for Christ sake and that is saying something, he knows that he could be right or wrong about crypto, he says he dislikes gold while trillions pour into it so he is not denying the acceptance of gold or crypto, he just talks about his preferences.
He wants to invest into things that produces something, he is a big investor in many insurance companies and banks so it is weird what they "produce" but he also buys huge number of stocks from places like coca cola or gilette as well which produces something. I respect his decision to not get involved with something that he has a reason to not get involved, it is acceptable.
He wants to invest into things that produces something, he is a big investor in many insurance companies and banks so it is weird what they "produce" but he also buys huge number of stocks from places like coca cola or gilette as well which produces something. I respect his decision to not get involved with something that he has a reason to not get involved, it is acceptable.
It isn't bitcoin that's blowing your mind but those are the books that are telling you not to buy bitcoin. You missing a lot in this party. While most of us have profited already with the rise, there are still those folks like you who are still in the depth of thinking whether to buy or not.
But if it scares you a lot, then that simply means that you have no idea why is it scaring you. We have also our thought that makes us doubt an investment but in this matter, we're all aware that bitcoin is very volatile but it's not the kind of asset that you're thinking.
But if it scares you a lot, then that simply means that you have no idea why is it scaring you. We have also our thought that makes us doubt an investment but in this matter, we're all aware that bitcoin is very volatile but it's not the kind of asset that you're thinking.
Last week for example, everyone was anticipating the price to fall back to 10k level as MACD on weekly Chart was about to change to sell off zone(red zone) but then,
Nope, not everyone.
Actually only people who are still trying like gambling addicts to find any pattern in the bitcoin price move in order to predict future prices were thinking so.
Seriously, how many times have those charts been proven wrong till now? Good that we're doing them in digital form because if we were to print even only the wrong ones we would have to cut twice the rainforest for paper.
Just because once in a while the pattern seems to match it doesn't mean in two seconds your whole prediction can be thrown in the trashcan.
To be honest, Warren is already a walking relic of the 20th century.
But he still beats the crap out of a lot of 21th century investors, and seriously he's 90 years old, who here can say that when they reach that age they will still be open to new ideas, playing with stocks, or taking advice from the younger generation...or even alive!
Bitcoin's still a speculative asset though.
Bitcoin is to good to be true that's why it scares the shit of me ... If you're around long enough you should understand that crypto is all about volatility
Why the duck is btc at 13.526,98 USD ?
I honestly just don't understand bitcoin as a financial instrument/asset ,all financial books tell me that i should never buy bitcoin ..bitcoin it's mind f...king The answer is really as simple as it can be. It's because of the demand and you are asking about it precissely because you don't understand it as a financial instrument.
How can I better explain to you why somebody is willing to pay x number of USD for decentralized, unseizable, deflationary and easy to hide form of money?
Quote
if btc goes 20k Warren Buffet is dead to me ...
To be honest, Warren is already a walking relic of the 20th century.
Why the duck is btc at 13.526,98 USD ?
I honestly just don't understand bitcoin as a financial instrument/asset ,all financial books tell me that i should never buy bitcoin ..bitcoin it's mind f...king
The BTCitcoin duck knows to fly and hence the price is rising I honestly just don't understand bitcoin as a financial instrument/asset ,all financial books tell me that i should never buy bitcoin ..bitcoin it's mind f...king
. The reason you find it hard to understand is because it is the only decentralized financial asset and you cannot coin the centralized assets to a global marketFinance ,economy,investing books need to be rewritten as all they say in those books ,bitcoin is doing the opposite ...if btc goes 20k Warren Buffet is dead to me ...
Why you want to kill an old man, the price going up is inevitable. How is it possible ? ( beside whales pumping the price )
Are you using Bernoulli's principle for this pump 
. 
Even people like Warren Buffett and Charlie Munger make mistakes along the way, they have admitted it many times themselves. The world isn't so black and white that you should simply ignore them in future if they made a mistake on the future of cryptocurrency - their trading history is still extremely impressive. Bitcoin is increasingly being used as an asset by different people to help diversify their portfolios, digital gold as it were, and having a little bit in your portfolio seems like a good idea with its current upwards trajectory. It does have a couple negatives, but when hedge funds and big operators like Paypal are buying it up - you know it has a strong future.
I love bitcoin to the core and I can never trade it with any form of financial instrument but to be sincere, Bitcoin currently is been manipulated in my opinion. I have observed some changes in bitcoin moves recently, it always do the opposite when you expect the price to fall and vice versa.
Last week for example, everyone was anticipating the price to fall back to 10k level as MACD on weekly Chart was about to change to sell off zone(red zone) but then, PayPal news roll out, good news comes when you expect the price to fall. I feel institutional investors are watching and wouldn't like anything that will fall it price. My opinion though.
Last week for example, everyone was anticipating the price to fall back to 10k level as MACD on weekly Chart was about to change to sell off zone(red zone) but then, PayPal news roll out, good news comes when you expect the price to fall. I feel institutional investors are watching and wouldn't like anything that will fall it price. My opinion though.
Have Warren Buffett said anything bad about Bitcoin?
The time I saw him say something about Bitcoin was that he wouldn’t invest because he does not understand how it works or what it’s all about.
For financial books telling you not to invest in Bitcoin is because there are risks, and if you can’t handle the risks that are involved it’s best to stay clear from it. You should have enough money to risk in Bitcoin so that you wouldn’t have to worry much when the price goes down.
Why does it seem like you’re so surprised that the price of Bitcoin increased?
The time I saw him say something about Bitcoin was that he wouldn’t invest because he does not understand how it works or what it’s all about.
For financial books telling you not to invest in Bitcoin is because there are risks, and if you can’t handle the risks that are involved it’s best to stay clear from it. You should have enough money to risk in Bitcoin so that you wouldn’t have to worry much when the price goes down.
Why does it seem like you’re so surprised that the price of Bitcoin increased?
Why the duck is btc at 13.526,98 USD ?
I honestly just don't understand bitcoin as a financial instrument/asset ,all financial books tell me that i should never buy bitcoin ..bitcoin it's mind f...king
Finance ,economy,investing books need to be rewritten as all they say in those books ,bitcoin is doing the opposite ...if btc goes 20k Warren Buffet is dead to me ...
https://www.youtube.com/watch?v=eTMj4cg64yw
How is it possible ? ( beside whales pumping the price )
I honestly just don't understand bitcoin as a financial instrument/asset ,all financial books tell me that i should never buy bitcoin ..bitcoin it's mind f...king
Finance ,economy,investing books need to be rewritten as all they say in those books ,bitcoin is doing the opposite ...if btc goes 20k Warren Buffet is dead to me ...
https://www.youtube.com/watch?v=eTMj4cg64yw
How is it possible ? ( beside whales pumping the price )
Why shouldn't bitcoins be at such decent prices? Many people use bitcoins as currency when buying products online, or just gamble. Almost all of the big casinos use bitcoins as a form to deposit or withdraw funds. I don't see any real reason why bitcoins should be not worth so much. In my opinion bitcoins are actually going to rise even higher next year.
Being fair with OP I can't blame him for his doubt besides we're all entitled to it but the thing is he is new to Bitcoin and hasn't seen how was Bitcoin in the past and its continuous changes as it grows up to date. Probably he will have his doubt if he started in the early stage of Bitcoins and witnessed how Bitcoins survive with all the critics like Warren Buffet is doing right now but they never won pulling down Bitcoin.
Definitely, you can't read any positive thing in financial books for those are written based on centralized assets that were taught in the school and it collaborates with the principle of the central bank. The financial institution of the country which is not similar to the ideology of Bitcoin as a decentralized currency.
Definitely, you can't read any positive thing in financial books for those are written based on centralized assets that were taught in the school and it collaborates with the principle of the central bank. The financial institution of the country which is not similar to the ideology of Bitcoin as a decentralized currency.
It's possible because of huge marketcap. It might sound crazy for a single Bitcoin to be over that value, but it is what it is. Bitcoin has attracted lots of users and their attention to invest in it. Since Bitcoin is not unlimited, as the demand increases, so does the price. Hence, it's actually not at all crazy to think Bitcoin is at that price as it will continue to rise up more.
To op here is a value for btc.
https://bitcointalksearch.org/topic/--5285438
If you want more values for BTC I can give them to you.
Here is one. They burn power.
WTF do you mean they burn power is a value?
Yep it is a value.
Every rainy season hydro dams have excess power they do not turn the water off.
they simply generate excess power.
asic mining btc can spend that power for those damns every rainy season.
So btc asic mining can be used to balance power loads across the world.
That is a real value.
If you comeback is people burn wastefully when there is no excess power.
My answer is yes they do.
Just like people misuse other tools such as a hammer.
Every year people are murdered with hammers.
So hammers are bad answer no. hammers are neutral tool for people to choose to use correctly or badly
Same as btc a neutral tool for power use either correctly or wrongly.
https://bitcointalksearch.org/topic/--5285438
Due to the sanctions by USA for prohibiting Iran to use USD in international trade, Iran has accepted the use of cryptocurrencies. I am not sure what the right way is to handle Iran but blocking Iran will only make Iran more motivated to use other sources like cryptocurrencies.
What will the next move us USA you think?
Read this article:
Iran Passes Law to Legalize Import Funding Using Cryptocurrencies
What will the next move us USA you think?
Read this article:
Iran Passes Law to Legalize Import Funding Using Cryptocurrencies
If you want more values for BTC I can give them to you.
Here is one. They burn power.
WTF do you mean they burn power is a value?
Yep it is a value.
Every rainy season hydro dams have excess power they do not turn the water off.
they simply generate excess power.
asic mining btc can spend that power for those damns every rainy season.
So btc asic mining can be used to balance power loads across the world.
That is a real value.
If you comeback is people burn wastefully when there is no excess power.
My answer is yes they do.
Just like people misuse other tools such as a hammer.
Every year people are murdered with hammers.
So hammers are bad answer no. hammers are neutral tool for people to choose to use correctly or badly
Same as btc a neutral tool for power use either correctly or wrongly.
Why the duck is btc at 13.526,98 USD ?
I honestly just don't understand bitcoin as a financial instrument/asset
I honestly just don't understand bitcoin as a financial instrument/asset
Not only you don't understand bitcoin but you have no clue about financial instruments, nor assets nor the economy in general and yet that hasn't stopped to start tens of topics on how the economy will be crushed, how entire industries are going to be wiped out, hasn't stopped to make false claims, hasn't stopped you to outright lie and so on and on. Get out of your bubble, realize that there are people with 100% different views on life than you who are doing just fine, and maybe you will realize that not only you don't hold the absolute but quite the opposite.
It's really painful to see how you're again wrong and again on the wrong side of the fence, isn't it? Yet you don't learn a thing!
I don't understand either. I'd see any point of that action if whole crypto market would rise, but its literally only bitcoin and maybe a cople more.
No big news occured lately either, strange stuff
No big news occured lately either, strange stuff
Because the rest are useless shitcoins? Seems about right!
Why the duck is btc at 13.526,98 USD ?
I honestly just don't understand bitcoin as a financial instrument/asset ,all financial books tell me that i should never buy bitcoin ..bitcoin it's mind f...king
How is it possible ? ( beside whales pumping the price )
I don't understand either. I'd see any point of that action if whole crypto market would rise, but its literally only bitcoin and maybe a cople more.I honestly just don't understand bitcoin as a financial instrument/asset ,all financial books tell me that i should never buy bitcoin ..bitcoin it's mind f...king
How is it possible ? ( beside whales pumping the price )
No big news occured lately either, strange stuff
Did Warren buffet ever speel negatively about bitcoin?
I'm surprised you hadn't heard. He called Bitcoin "rat poison squared." He calls it a "gambling device" and ridicules it for not producing anything. This is my favorite:
I honestly just don't understand bitcoin as a financial instrument/asset ,all financial books tell me that i should never buy bitcoin ..bitcoin it's mind f...king
Finance ,economy,investing books need to be rewritten as all they say in those books ,bitcoin is doing the opposite ...if btc goes 20k Warren Buffet is dead to me ...
How is it possible ? ( beside whales pumping the price )
Finance ,economy,investing books need to be rewritten as all they say in those books ,bitcoin is doing the opposite ...if btc goes 20k Warren Buffet is dead to me ...
How is it possible ? ( beside whales pumping the price )
I'm glad there are still so many haters and skeptics. That means BTC still has a lot of upside left.
If you were to consider that the initial price equivalent in fiat was $0.0008 your mind would blow.
In many cases, those authors who write against bitcoin do so because they perceive it as a threat. In some other cases, they even do it to drive down the price and buy bitcoin on the sly.
Just educate yourself a lot on the subject and decide whether they are correct or not.
In many cases, those authors who write against bitcoin do so because they perceive it as a threat. In some other cases, they even do it to drive down the price and buy bitcoin on the sly.
Just educate yourself a lot on the subject and decide whether they are correct or not.
If you were in the early stages of Bitcoin, you would have never thought of that about Bitcoin. If you were just recently a part of Bitcoin, are more likely to be surprised by how much volatility it goes through. It's not easy to experience that, but it's part of it. Just like what jackg said, it's speculative.
Did Warren buffet ever speel negatively about bitcoin?
Also those authors need money from somewhere so they might not have done well themselves. I feel people recommend financial books just so others get used to reading quite a bit... For the authors that do manage passive income - or anyone for that matter - they did it in a safe(ish) reproducible way. Investing in bitcoin is like going to a company in silicon valley, listening to a talk and deciding to provide capital - both are similarly risky and if you say the likelihood of bitcoin of other currencies being suggested to you is similar then you might well be drawn in the wrong direction...
Bitcoin's still a speculative asset though.
Also those authors need money from somewhere so they might not have done well themselves. I feel people recommend financial books just so others get used to reading quite a bit... For the authors that do manage passive income - or anyone for that matter - they did it in a safe(ish) reproducible way. Investing in bitcoin is like going to a company in silicon valley, listening to a talk and deciding to provide capital - both are similarly risky and if you say the likelihood of bitcoin of other currencies being suggested to you is similar then you might well be drawn in the wrong direction...
Bitcoin's still a speculative asset though.
Bitcoin is to good to be true that's why it scares the shit of me ...
Too good to be true if you didn't know how bitcoin/blockchain will revolutionize the future finance of the world. Bitcoin as a first mover in cryptocurrency has the upper hand on this crypto price race and there still only few user out of the total population the world that hold and use BTC at this moment. So there's a great chance that it will go higher once the hype train moves again just like what happened on 2017.
I understand this feeling of yours, You missed to buy BTC while you have a chance before. That's why you are creating a negative thread on BTC to give you a peace of mind.
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