The State of Cryptocurrency

[hat]

Are you suggesting people buy BTC now before the halving? That would be a bold move. There's no telling where this thing is gonna go. I suspect all the guys predicting BTC price is gonna take off are fat cats with something to gain... They're hoping everyone buys in so they can cash out big.

 

[R-T-B]

Are you suggesting people buy BTC now before the halving? That would be a bold move. There's no telling where this thing is gonna go. I suspect all the guys predicting BTC price is gonna take off are fat cats with something to gain... They're hoping everyone buys in so they can cash out big.

You'd be betting smart.

Anyone telling you to buy something with such eagerness is certainly someone who stands to gain from your misfortune.

 

[trog100]

BC is sneaking up slowly.. currently at 9423.. gold is hovering around 1700..

they are saying that physical gold is in short supply or not deliverable.. when that happens the paper gold prices will break and more realistic real gold prices will kick in..

trog

 

[Asylum]

I have been advising people to buy Bitcoin since it was at $4500.

It broke $10,000 today, seems like some pretty good advice to me.

Still a lot of room to grow in the next couple of weeks.

 

[Asylum]

More bang for the buck!!

Publicly Traded Firm Buys An Additional 1,040 Bitcoin Miners

Yesterday afternoon, Riot Blockchain, a listed Nasdaq public cryptocurrency mining company, announced the purchase of an additional 1,040 next-generation Bitmain S19 (95 TH) Antminers for $1.9 million from BitmainTech.

www.forbes.com

 

[Maxson]

Are you suggesting people buy BTC now before the halving? That would be a bold move. There's no telling where this thing is gonna go. I suspect all the guys predicting BTC price is gonna take off are fat cats with something to gain... They're hoping everyone buys in so they can cash out big.

I have been advising people to buy Bitcoin since it was at $4500.

It broke $10,000 today, seems like some pretty good advice to me.

Still a lot of room to grow in the next couple of weeks.

Sometimes in the past the Bitcoin price will drop after halving before rising again so now may or may not be a good time to buy. Over the past couple of years in general, below 6k has been a good place to buy BTC spot and above 7k has not and we are well above 7k. Will BTC price take off for the moon right after the halving? Probably not. Will it break a new all time high in the next 12 months? I'd say 50/50 chance. But it could well post a low around 4k to 5k before that.

So if you buy now at around 10k you have a 50/50 chance of doubling your money in the next 12 months, maybe, which is pretty good. But the flip side is you you could lose more than half of your money first. Unless you're an expert BTC trader the way to get a good entry price is to dollar cost average in (DCA) below the average price by buying a small amount of BTC, say a 20th of the amount you want to invest, at the spot price once a week every week if the price is below say 9k. And then hold it until we break a new all time high at which point you want to DCA sell.

 

[R-T-B]

More bang for the buck!!

Publicly Traded Firm Buys An Additional 1,040 Bitcoin Miners

Yesterday afternoon, Riot Blockchain, a listed Nasdaq public cryptocurrency mining company, announced the purchase of an additional 1,040 next-generation Bitmain S19 (95 TH) Antminers for $1.9 million from BitmainTech.

www.forbes.com

Ummm... a private firms miner purchase has little correlation or relevance to bitcoins price.

I have been advising people to buy Bitcoin since it was at $4500.

And it just as easily could and can turn into bad advice, which is why we generally don't encourage others to "invest in this!" here.

 

[trog100]

well BC has just taken a $1000 dive during the night.. not as that means much as of yet.. he he

trog

 

[R-T-B]

well BC has just taken a $1000 dive during the night.. not as that means much as of yet.. he he

trog

Has the halving happened? If so, it's practically expected.

 

[Asylum]

Still a lot of room for growth, the only reason the price dipped is because of short sellers. If people would hold on to their investment we would be at 12 - 15,000 by now.

The old Fiat system is totally out dated and we just keep printing money like there's no tomorrow. Who do you think is going to pay for all this money printing?

The American workers, that's who. This virus is going to get worse and we are going to be in a financial crisis very shortly. If the world doesn't find a true one to one financial asset shortly the whole world

will be in for a rude awakening.

All Eyes On Bitcoin As The Halving Executes Successfully

The Bitcoin Halving was executed successfully on May 11th. Although it remains to be seen how Bitcoin’s price will respond to the current macro landscape fueled by cheap credit and unprecedented levels of debt heading into a global recession, Bitcoin continues to operate exactly as designed.

www.forbes.com

 

[R-T-B]

Cool story bitcoin bro. Sounds to me like your last posts advice just has thus far sucked.

 

[Asylum]

Only thing I see here that sucks is your incapability to comprehend.

 

[R-T-B]

Only thing I see here that sucks is your incapability to comprehend.

Yeah, i was hired here to write the crypto segment because of my "incapability" to comprehend the topic. Yeppers.

 

[Asylum]

I concur!!

Bitcoin Has Halved—What Now?

Bitcoin successfully went through its third halving yesterday, seeing the daily supply of new bitcoin cut by half. The bitcoin community has now turned to what's next for the world's number one cryptocurrency and the bitcoin price...

www.forbes.com

 

[R-T-B]

I concur!!

Bitcoin Has Halved—What Now?

Bitcoin successfully went through its third halving yesterday, seeing the daily supply of new bitcoin cut by half. The bitcoin community has now turned to what's next for the world's number one cryptocurrency and the bitcoin price...

www.forbes.com

Heh, I've been in it a long time buddy. I'm just reminding others this isn't really a place to get investing advice. And that's the plain truth. Only a fool gets investing advice from internet posts. Do your homework.

 

[trog100]

its beginning to sneak up again... lets see where its at in a weeks time..

trog

 

[hat]

All I can say is that, in my view, if traditional currency fails, cryptocurrency as it is now will not be the savior. Certainly not bitcoin. It's little else than a game... a side hustle.

 

[R-T-B]

All I can say is that, in my view, if traditional currency fails, cryptocurrency as it is now will not be the savior. Certainly not bitcoin. It's little else than a game... a side hustle.

I've always viewed crypto as more useful as a means to transmit money over the internet than a money replacement.

 

[trog100]

i just see it as a store of value.. compared to everything else its not doing badly in this respect in 2020..

trog

 

[R-T-B]

i just see it as a store of value.. compared to everything else its not doing badly in this respect in 2020..

trog

It can be either/or, but I think we both don't see it completely replacing national currency anytime soon.

 

[moproblems99]

wise up ford and you may figure out whats really going on..

It ain't because the virus.

 

[trog100]

It can be either/or, but I think we both don't see it completely replacing national currency anytime soon.

no i dont see it doing that ether.. but i do think just like gold and silver its a good store of value in this virus scenario.. too much money printing could well destroy the dollars value..

BC is creeping up near 10 000 again.. a bullish sign i think.. but nothing is for sure..

trog

 

[Asylum]

I'll just leave this right here.

Bitcoin Is 'Right Where Oil Was In 1890'

The third bitcoin halving took place last Monday. About 18.4 million bitcoin are in circulation, meaning there’s only 2.6 million remaining up for grabs.

seekingalpha.com

 

[Caring1]

I'll just leave this right here.

Synopsis
noun
noun: synopsis; plural noun: synopses

1. a brief summary or general survey of something

 

[FordGT90Concept]

I'll just leave this right here.

Bitcoin Is 'Right Where Oil Was In 1890'

The third bitcoin halving took place last Monday. About 18.4 million bitcoin are in circulation, meaning there’s only 2.6 million remaining up for grabs.

seekingalpha.com

Yeah, no, cryptocurrencies aren't a safe store of value. The market is too volatile.

And the risk is deflation, not inflation. Mild inflation is normal; deflation is what depressions are made of. Deflation means fiat currencies have more purchasing power, not less...but it's also harder to get your hands on fiat currencies that are deflating. This is where fiat currencies are great: they can create money out of thin air, disseminating it throughout the economy, neutralizing deflation and stabilizing itself as a store of value simultaneously. Gold standards prohibited that...which is what made the Great Depression terrible.