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BOOOM! Bitcoin at new all time high! Merry Christmas
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2020 Dec 16, 6:06am 13,065 views 188 comments
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127
GNL
2020 Dec 26, 10:19am
GNL
2020 Dec 26, 10:19am
WookieMan says
I'm pretty sure that puts you in the 1%.
A 2 month gain of $20-30k is what I actually make in a month. And no, that's not rich.
I'm pretty sure that puts you in the 1%.
128
GNL
2020 Dec 26, 10:21am
GNL
2020 Dec 26, 10:21am
WookieMan says
For arguments sake, I can't imagine that's true. A 6 fold increase in 6 years is historically low?
Even today from Dec. 2017 it's a hysterically low gain over that time period.
For arguments sake, I can't imagine that's true. A 6 fold increase in 6 years is historically low?
129
WookieMan
2020 Dec 26, 11:02am
WookieMan
2020 Dec 26, 11:02am
WineHorror1 says
Not really. $250-320k is pretty normal upper middle class. The 1% is a very statistically bad metric to compare anything to. There are people that are insanely wealthy that probably draw $50k of income a year, sometimes nothing if they've amassed huge wealth. My old boss could spend like a mother fucker, but only would show income of $80k between his wife and him. Between savings and using business as a spending vehicle, you can show very little income. It's why Trump never wanted to show his taxes. The regular W-2 employee doesn't understand it.
I figured the demographic here that's doing the programming/coding/tech stuff is pulling in $120-180k as an individual though? And at least $200-250k as a family if married. Otherwise, why are some living in CA? I don't know. Most people I hang out with are pulling in $200k/yr as a family. I mean I know a couple that are Chicago cops ~37 years old, salary is public record and they're pulling in about $190k. That's for a cop family.
WineHorror1 says
Compare Dec. 2017 BTC prices to todays price. I'm talking a 3 year period as G likes to say BTC has gain 9,000,000% based on the beginning value when a few dudes held and were concocting this BTC scheme. So from Dec. 2017 to today for BTC, there are plenty of other assets that beat BTC. He thinks I'm a gold bug and I'm not. I'm not invested in any metals unless it's somehow in my retirement funds I set and forget. As an investment, not trading, that you hold and get ZERO dividends, it was dead money for 3 years. There's no disputing that.
If you're one of the couple hundred people that knows you have bitcoin from the beginning, it's highly unlikely you hold it or even know where it is anymore or have sold it and are insanely rich. The vast majority, almost everyone is holding BTC once it became fashionable in 2017. If they traded, sure the last 3 years had tons of potential gains. G is pushing holding it long term. That's bad advice, now that it's no longer $100. That's been my point, but some don't get it.
WookieMan saysA 2 month gain of $20-30k is what I actually make in a month. And no, that's not rich.
I'm pretty sure that puts you in the 1%.
Not really. $250-320k is pretty normal upper middle class. The 1% is a very statistically bad metric to compare anything to. There are people that are insanely wealthy that probably draw $50k of income a year, sometimes nothing if they've amassed huge wealth. My old boss could spend like a mother fucker, but only would show income of $80k between his wife and him. Between savings and using business as a spending vehicle, you can show very little income. It's why Trump never wanted to show his taxes. The regular W-2 employee doesn't understand it.
I figured the demographic here that's doing the programming/coding/tech stuff is pulling in $120-180k as an individual though? And at least $200-250k as a family if married. Otherwise, why are some living in CA? I don't know. Most people I hang out with are pulling in $200k/yr as a family. I mean I know a couple that are Chicago cops ~37 years old, salary is public record and they're pulling in about $190k. That's for a cop family.
WineHorror1 says
WookieMan saysEven today from Dec. 2017 it's a hysterically low gain over that time period.
For arguments sake, I can't imagine that's true. A 6 fold increase in 6 years is historically low?
Compare Dec. 2017 BTC prices to todays price. I'm talking a 3 year period as G likes to say BTC has gain 9,000,000% based on the beginning value when a few dudes held and were concocting this BTC scheme. So from Dec. 2017 to today for BTC, there are plenty of other assets that beat BTC. He thinks I'm a gold bug and I'm not. I'm not invested in any metals unless it's somehow in my retirement funds I set and forget. As an investment, not trading, that you hold and get ZERO dividends, it was dead money for 3 years. There's no disputing that.
If you're one of the couple hundred people that knows you have bitcoin from the beginning, it's highly unlikely you hold it or even know where it is anymore or have sold it and are insanely rich. The vast majority, almost everyone is holding BTC once it became fashionable in 2017. If they traded, sure the last 3 years had tons of potential gains. G is pushing holding it long term. That's bad advice, now that it's no longer $100. That's been my point, but some don't get it.
130
Bitcoin
2020 Dec 26, 1:14pm
26.5K on Dec 26th.....:)
Are we continuing this pattern? Dec 27>27k???, 31k by year end???
Bitcoin
2020 Dec 26, 1:14pm
26.5K on Dec 26th.....:)
Are we continuing this pattern? Dec 27>27k???, 31k by year end???
131
Patrick
2020 Dec 26, 1:46pm
Patrick
2020 Dec 26, 1:46pm
WookieMan says
I understand the appeal of having some form of money that cannot be inflated by the Fed or seized if someone sues you.
But also, it gives ordinary people who have no power a kind of hope of escaping a system which otherwise has them thoroughly trapped. It has aspects of religion in that way. A kind of hope for salvation.
I'll never get these crypto people.
I understand the appeal of having some form of money that cannot be inflated by the Fed or seized if someone sues you.
But also, it gives ordinary people who have no power a kind of hope of escaping a system which otherwise has them thoroughly trapped. It has aspects of religion in that way. A kind of hope for salvation.
132
Bitcoin
2020 Dec 26, 1:59pm
Bitcoin
2020 Dec 26, 1:59pm
Patrick says
and the fact that I am up by over 70% now since beginning of November. Pretty sweet. Planning on holding Bitcoin until end of next year.
I understand the appeal of having some form of money that cannot be inflated by the Fed or seized if someone sues you.
and the fact that I am up by over 70% now since beginning of November. Pretty sweet. Planning on holding Bitcoin until end of next year.
133
GlocknLoad
2020 Dec 26, 3:40pm
GlocknLoad
2020 Dec 26, 3:40pm
WookieMan says
Can you show me "plenty" of investments that have done better than bitcoin over the last 3 years?
WineHorror1 saysWookieMan saysA 2 month gain of $20-30k is what I actually make in a month. And no, that's not rich.
I'm pretty sure that puts you in the 1%.
Not really. $250-320k is pretty normal upper middle class. The 1% is a very statistically bad metric to compare anything to. There are people that are insanely wealthy that probably draw $50k of income a year, sometimes nothing if they've amassed huge wealth. My old boss could spend like a mother fucker, but only would show income of $80k between his wife and him. Between savings and using business as a spending vehicle, you can show very little income. It's why Trump never wanted to show his taxes. The regular W-2 employee doesn't understand it.
I figured the demographic here that's doing the programming/coding/tech stuff is pulling in $...
Can you show me "plenty" of investments that have done better than bitcoin over the last 3 years?
134
Onvacation
2020 Dec 26, 4:59pm
Onvacation
2020 Dec 26, 4:59pm
GlocknLoad says
Lottery, crap tables, slot machines, etc.
Can you show me "plenty" of investments that have done better than bitcoin over the last 3 years?
Lottery, crap tables, slot machines, etc.
135
Onvacation
2020 Dec 26, 4:59pm
Onvacation
2020 Dec 26, 4:59pm
GlocknLoad says
Lottery, crap tables, slot machines, etc.
Can you show me "plenty" of investments that have done better than bitcoin over the last 3 years?
Lottery, crap tables, slot machines, etc.
136
Bitcoin
2020 Dec 27, 5:20am
Bitcoin
2020 Dec 27, 5:20am
GlocknLoad,
obviously they cant show you even one asset that performed better than Bitcoin. Speaking of great performance....its Dec 27th and Bitcoin broke through 27k!!!
Currently I am up over 80% in less than 2 months!!
obviously they cant show you even one asset that performed better than Bitcoin. Speaking of great performance....its Dec 27th and Bitcoin broke through 27k!!!
Currently I am up over 80% in less than 2 months!!
137
GlocknLoad
2020 Dec 27, 8:41am
GlocknLoad
2020 Dec 27, 8:41am
WookieMan says
If I understand correctly, you said that number was just from your investments. If you are making 20-30k off your investments, that puts you firmly in the 1%.
Not really. $250-320k is pretty normal upper middle class.
If I understand correctly, you said that number was just from your investments. If you are making 20-30k off your investments, that puts you firmly in the 1%.
138
Bitcoin
2020 Dec 27, 11:24am
Bitcoin
2020 Dec 27, 11:24am
wookie is full of BS. I lost the last little respect for him. There are tons of hilarious comments/contradictions.... I dont take anything he says seriously anymore.
139
WookieMan
2020 Dec 28, 3:55am
WookieMan
2020 Dec 28, 3:55am
GlocknLoad says
I guess we're not on the same page as to what the "1%" is. What do you think it is?
G36 says
I play with bigger numbers. You cannot prove that wrong. LUV is probably a safe bet. You cannot prove that wrong because you got your head up cryptos ass. I grabbed 100 shares when Covid hit as it was an uncertain time and didn't want to add more to my position. Why didn't you buy BTC in March? It was $5k. Your 2 month gains look pretty tame.
You don't know what else I hold with LUV. That was just one purchase. I bought early on NCL, you've never asked how much that was. I'm still up though. You keep pointing these things out like you're right. You haven't pointed out one thing wrong with what I've said besides pointing arrows at things. It's cute you take the time to do that, but cannot post anything intelligent about it.
G36 says
Fun fact. No one seeks out respect from people they don't respect from the start. Especially when they change accounts and usernames. Cowards game.
WookieMan saysNot really. $250-320k is pretty normal upper middle class.
If I understand correctly, you said that number was just from your investments. If you are making 20-30k off your investments, that puts you firmly in the 1%.
I guess we're not on the same page as to what the "1%" is. What do you think it is?
G36 says
I play with bigger numbers. You cannot prove that wrong. LUV is probably a safe bet. You cannot prove that wrong because you got your head up cryptos ass. I grabbed 100 shares when Covid hit as it was an uncertain time and didn't want to add more to my position. Why didn't you buy BTC in March? It was $5k. Your 2 month gains look pretty tame.
You don't know what else I hold with LUV. That was just one purchase. I bought early on NCL, you've never asked how much that was. I'm still up though. You keep pointing these things out like you're right. You haven't pointed out one thing wrong with what I've said besides pointing arrows at things. It's cute you take the time to do that, but cannot post anything intelligent about it.
G36 says
I lost the last little respect for him.
Fun fact. No one seeks out respect from people they don't respect from the start. Especially when they change accounts and usernames. Cowards game.
140
Bitcoin
2020 Dec 28, 6:44am
Bitcoin
2020 Dec 28, 6:44am
Sry DF, the only engagement from my end is to continue to make fun of you.
"The bottom will fall out"
"It will make its way to $8k at some point, but I was wrong with year end"
"I like to play the bigger numbers" "I bought 100 shares of LUV"
"I dont trade. Its a losers game"
"I'd actually consider trading BTC"
"Fuck no on holding though"
"I dont care about the price of BTC"
"8k by year end"
"its going to land in the 1000-2500 range"
"no x axis"......DF is too dumb to open up the source thats listed on the chart. I guess he really is too fuckin dumb to get that the x axis is the timeline.
"Wait, wait, wait. I thought it was 9,000,000%. Is it 17,918.98% or 9,000,000%?"
"Basic index funds have outperformed BTC"
>>>>REALLY? missed the fact that its up by 9,000,000%? Not a surprise, DF.
"an unregulated market"
"roulette"
"Nuclear EMP goes off"
"Would have sold everything at 18k"
"I am good with 9%"
"Bitcoin is not backed by anything"
"artificial scarcity"
"I only care about 6 figure gains"
"wake up at 6am and your money is all gone"
>>>>REALLY? missed the fact that its up by 9,000,000%? Not a surprise, DF.
"The bottom will fall out"
"It will make its way to $8k at some point, but I was wrong with year end"
"I like to play the bigger numbers" "I bought 100 shares of LUV"
"I dont trade. Its a losers game"
"I'd actually consider trading BTC"
"Fuck no on holding though"
"I dont care about the price of BTC"
"8k by year end"
"its going to land in the 1000-2500 range"
"no x axis"......DF is too dumb to open up the source thats listed on the chart. I guess he really is too fuckin dumb to get that the x axis is the timeline.
"Wait, wait, wait. I thought it was 9,000,000%. Is it 17,918.98% or 9,000,000%?"
"Basic index funds have outperformed BTC"
>>>>REALLY? missed the fact that its up by 9,000,000%? Not a surprise, DF.
"an unregulated market"
"roulette"
"Nuclear EMP goes off"
"Would have sold everything at 18k"
"I am good with 9%"
"Bitcoin is not backed by anything"
"artificial scarcity"
"I only care about 6 figure gains"
"wake up at 6am and your money is all gone"
>>>>REALLY? missed the fact that its up by 9,000,000%? Not a surprise, DF.
141
Bitcoin
2020 Dec 28, 6:50am
Bitcoin
2020 Dec 28, 6:50am
https://companiesmarketcap.com/assets-by-market-cap/
By year end we should have passed Berkshire Hathaway!
By year end we should have passed Berkshire Hathaway!
143
Bitcoin
2020 Dec 28, 11:53am
Bitcoin
2020 Dec 28, 11:53am
"Bitcoin is big enough to be unstoppable but the majority of people dont understand it. We are at the inflection point where people start to get it. Once people get Bitcoin, it becomes unaffordable to buy. Therefore, I like the fact that people dont agree with me, dont understand it and are afraid of it."
Michael Saylor
Michael Saylor
144
Bitcoin
2020 Dec 28, 8:40pm
Bitcoin
2020 Dec 28, 8:40pm
G36 says
@Onvacation
this would be a great learning experience for you. I highly recommend the video.
This has to be shared and watched! Bitcoin is brilliant!
www.youtube.com/embed/HhOuvNDMlI0
@Onvacation
this would be a great learning experience for you. I highly recommend the video.
146
Bitcoin
2020 Dec 29, 8:06pm
Bitcoin
2020 Dec 29, 8:06pm
New all time high at 28k!! I am up 90% on my investment in less than 2 month!!
147
Bitcoin
2020 Dec 30, 6:54am
Bitcoin
2020 Dec 30, 6:54am
https://www.kitco.com/news/2020-12-29/Watch-out-for-this-risk-as-bitcoin-looks-toward-50-000-and-higher-in-2021-analysts.html
Price predictions range from 500k to 1M within the next five years.
"Guggenheim Investments investment director Scott Minerd sees bitcoin as undervalued even at $26,000. Guggenheim's projection sees bitcoin eventually hitting $400,000.
Real Vision CEO Raoul Pal is calling for $300,000 bitcoin in just 18 months. "I use a number of measures. I use technical analysis, logarithmic charts, I use the stock-to-flow ratio … We're going to be somewhere between $500,000 and $1 million within five years, and we should be somewhere between $100,000 to $300,000 in the next 12 to 18 months," he told Kitco News in December.
Gemini crypto exchange founder Tyler Winklevoss told CNBC that he sees bitcoin rising above $500,000. Citibank is not ruling out $318,000 by the end of 2021."
Price predictions range from 500k to 1M within the next five years.
"Guggenheim Investments investment director Scott Minerd sees bitcoin as undervalued even at $26,000. Guggenheim's projection sees bitcoin eventually hitting $400,000.
Real Vision CEO Raoul Pal is calling for $300,000 bitcoin in just 18 months. "I use a number of measures. I use technical analysis, logarithmic charts, I use the stock-to-flow ratio … We're going to be somewhere between $500,000 and $1 million within five years, and we should be somewhere between $100,000 to $300,000 in the next 12 to 18 months," he told Kitco News in December.
Gemini crypto exchange founder Tyler Winklevoss told CNBC that he sees bitcoin rising above $500,000. Citibank is not ruling out $318,000 by the end of 2021."
149
Bitcoin
2020 Dec 30, 9:59am
Look at this beautiful number for Bitcoin! We might run up to 29k soon!!!!!!!!!!!!!!!!!!
Bitcoin
2020 Dec 30, 9:59am
Look at this beautiful number for Bitcoin! We might run up to 29k soon!!!!!!!!!!!!!!!!!!
150
Cash
2020 Dec 30, 10:06am
31500? especially with the USD being so weak and finally broke down past support level and likely heading lower https://invst.ly/tarpz
If USD cant find it's mojo I would suspect a nice 2k rally over the weekend if not sooner;)
If USD cant find it's mojo I would suspect a nice 2k rally over the weekend if not sooner;)
151
Bitcoin
2020 Dec 30, 10:37am
Bitcoin
2020 Dec 30, 10:37am
Cash says
Love it!
31500? especially with the USD being so weak and finally broke down past support level and likely heading lower https://invst.ly/tarpz
If USD cant find it's mojo I would suspect a nice 2k rally over the weekend if not sooner;)
Love it!
154
Bitcoin
2021 Jan 1, 5:57pm
Bitcoin
2021 Jan 1, 5:57pm
clear breakout....retail has entered the stage once again! 2021 will be moon time!
156
Bitcoin
2021 Jan 30, 7:17pm
Bitcoin
2021 Jan 30, 7:17pm
Its very healthy for Bitcoin that it didnt keep on going up in a straight line. It needs to build support levels and go through accumulation phases.
What one need to keep in mind is, institutions cant just buy Bitcoin at a blink of an eye. A lot of boxes have to be checked and a process has to be completed for institutions to put 100s of millions of USD in Bitcoin on their balance sheet. Its unlikely they have any interest in selling their Bitcoin.
Rather, they hold for the long term. Smart.
Maybe that's why we call them smart money.
I do the same BTW.
What one need to keep in mind is, institutions cant just buy Bitcoin at a blink of an eye. A lot of boxes have to be checked and a process has to be completed for institutions to put 100s of millions of USD in Bitcoin on their balance sheet. Its unlikely they have any interest in selling their Bitcoin.
Rather, they hold for the long term. Smart.
Maybe that's why we call them smart money.
I do the same BTW.
157
Patrick
2021 Jan 30, 8:03pm
Patrick
2021 Jan 30, 8:03pm
G36 says
Tell me what calculation you use to arrive at fair value for Bitcoin.
Rather, they hold for the long term. Smart.
Tell me what calculation you use to arrive at fair value for Bitcoin.
158
Bitcoin
2021 Jan 31, 11:25am
Bitcoin
2021 Jan 31, 11:25am
Patrick says
https://www.lookintobitcoin.com/charts/stock-to-flow-model/
So far (10 years), Bitcoin has followed the stock-to-flow model like clockwork.
G36 saysRather, they hold for the long term. Smart.
Tell me what calculation you use to arrive at fair value for Bitcoin.
https://www.lookintobitcoin.com/charts/stock-to-flow-model/
So far (10 years), Bitcoin has followed the stock-to-flow model like clockwork.
159
Bitcoin
2021 Feb 1, 4:33pm
Bitcoin
2021 Feb 1, 4:33pm
Wow, smart guy!
"US Lawmaker Likes Bitcoin — Urges Policymakers to Embrace Innovation in Regulation"
https://news.bitcoin.com/us-lawmaker-likes-bitcoin-policymakers-innovation-regulation/
U.S. Representative Patrick McHenry is pro-bitcoin. He is now hosting the Bitcoin whitepaper on his official congressional website and has called on other lawmakers to embrace innovation like Bitcoin. He believes that the cryptocurrency is unstoppable and governments cannot kill it.
A growing number of U.S. lawmakers have recently spoken in support of Bitcoin. Among them is Congressman Patrick McHenry from the state of North Carolina. On Friday, he talked on CNBC’s Squawk Box about how to approach regulation after last week’s market swings. “You can’t put technology back in the box. Innovation is here. We have to embrace. We have to broaden access to our markets, we have to broaden access to our financial products,” he said.
"US Lawmaker Likes Bitcoin — Urges Policymakers to Embrace Innovation in Regulation"
https://news.bitcoin.com/us-lawmaker-likes-bitcoin-policymakers-innovation-regulation/
U.S. Representative Patrick McHenry is pro-bitcoin. He is now hosting the Bitcoin whitepaper on his official congressional website and has called on other lawmakers to embrace innovation like Bitcoin. He believes that the cryptocurrency is unstoppable and governments cannot kill it.
A growing number of U.S. lawmakers have recently spoken in support of Bitcoin. Among them is Congressman Patrick McHenry from the state of North Carolina. On Friday, he talked on CNBC’s Squawk Box about how to approach regulation after last week’s market swings. “You can’t put technology back in the box. Innovation is here. We have to embrace. We have to broaden access to our markets, we have to broaden access to our financial products,” he said.
161
Cash
2021 Feb 8, 6:38am
G36 says
Smoken good deal!!! Especially in the face of the shit mutts... lmao
44K Bitcoin = NEW all time high :)
Smoken good deal!!! Especially in the face of the shit mutts... lmao
162
Bitcoin
2021 Feb 8, 6:40am
Bitcoin
2021 Feb 8, 6:40am
i just bought recently (November) for ~15k : ) :)
BTC portfolio went from 28k to over 80k in just a few months :) And now Tesla is buying Bitcoin.....FUCK YA!
BTC portfolio went from 28k to over 80k in just a few months :) And now Tesla is buying Bitcoin.....FUCK YA!
164
Cash
2021 Feb 8, 6:49am
Notice ADA ;) #4 by cap I also double dipped some Doge coin on Binance they shut me down so I had to
put it in cold storage BC vault where I could exchange 1/2 or so for some ETH I still hold 40k and will send some more to ETH and keep some house coins...
put it in cold storage BC vault where I could exchange 1/2 or so for some ETH I still hold 40k and will send some more to ETH and keep some house coins...
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bawahahahhahaahah. Merry Christmas to our haters, DF's and perma-crypto-bears!