0
0

Bitcoin >50k ! 100k per BTC in 2022 ---- Sorry Bitcoin haters


 invite response                
2021 Oct 7, 10:04am   6,821 views  97 comments

by Bitcoin   ➕follow (2)   💰tip   ignore  

The Bitcoin haters are in disbelief

Remember when the haters told us: Bitcoin will go to zero? Bitcoin will go back down to 1.2k?

https://www.cnn.com/2021/10/06/investing/bitcoin-price-george-soros/index.html
"Bitcoin soars past $55,000 on George Soros fund endorsement"

The mid-cycle correction had the bears/BTC haters belief its all over for the bull market. LOL, once agaaaain Bitcoin slapped the haters left and right.

« First        Comments 20 - 59 of 97       Last »     Search these comments

20   Misc   2021 Oct 14, 10:00pm  

Obviously the rate on 30 year mortgages will drop another 12%.
21   WookieMan   2021 Oct 15, 6:51am  

Bitcoin says
Exactly, why do some people feel the need to constantly shit on someone's investments?

There are better investments. That's why I comment on these threads. Investments are not just crypto, metals, stocks or real estate. You can make substantially more money other ways. But what do I know? I just do it.
22   Bitcoin   2021 Oct 15, 7:50am  

WookieMan says
But what do I know?


Not much?
You said holding is "stupid" and YOU talk about investment performance? Doubt you even know how to calc. ROI in order to compare investments. You seem to have no idea what these % below mean, do you?

in terms of Bitcoin performance.....dont take my word for it....google it or even easier, click the link below.




https://www.barchart.com/crypto/quotes/%5EBTCUSD/performance
23   Cash   2021 Oct 15, 8:34am  

What we do know is on a very large scale of stupid is to assume that a mere human knows everything about everything and everyone's situation...
And that there is only 1 way to skin a cat.... Someones mind is more narrow then the ass of a nat ;)
24   Cash   2021 Oct 15, 8:40am  

Misc says
Obviously the rate on 30 year mortgages will drop another 12%.

Housing has more then likely not topped out Idaho for 1 when corporate can get money for nothing and their chicks for free and create as many RE ABS as they please for little to nothing.
My data says the possibility that next RE season we could see 1.5%+/- on a 30yr. and at that rate most would be paying more on their principle then interest ;)
25   NDrLoR   2021 Oct 15, 8:42am  

Bitcoin says
Whats your point?
I know, this time it's different.
26   Bitcoin   2021 Oct 15, 8:44am  

Cash says
My data says the possibility that next RE season we could see 1.5%+/- on a 30yr. and at that rate most would be paying more on their principle then interest


exactly what happened in Europe. House prices have been in a 3 decade long uptrend while rates continue to go down. Thanks to mortgage rates that are between 1-2%.
27   mell   2021 Oct 15, 10:09am  

Bitcoin says
Cash says
My data says the possibility that next RE season we could see 1.5%+/- on a 30yr. and at that rate most would be paying more on their principle then interest


exactly what happened in Europe. House prices have been in a 3 decade long uptrend while rates continue to go down. Thanks to mortgage rates that are between 1-2%.


You know though that this is a sign of insolvency and too much money printing/QE. Of course everyone who can would refinance to save a whole percentage point. But for those who are shut out from working with debt these policies are devastating. And eventually there will be another 2008. We got loans at 1.5% over there, it's insane. Soon some banks may pay you for holding debt. But it won't end well, this is done one the backs of future generation as always, and the millennials and genzs are already mega fucked, many if not most will never be able to own a decent house in their lifetime. Not saying not to play the game, but it's nothing to celebrate
28   Cash   2021 Oct 15, 10:49am  

Bitcoin says
exactly what happened in Europe. House prices have been in a 3 decade long uptrend while rates continue to go down. Thanks to mortgage rates that are between 1-2%.

Good point and comparison

mell says
You know though that this is a sign of insolvency and too much money printing/QE. Of course everyone who can would refinance to save a whole percentage point. But for those who are shut out from working with debt these policies are devastating. And eventually there will be another 2008. We got loans at 1.5% over there, it's insane. Soon some banks may pay you for holding debt. But it won't end well, this is done one the backs of future generation as always, and the millennials and genzs are already mega fucked, many if not most will never be able to own a decent house in their lifetime. Not saying not to play the game, but it's nothing to celebrate


No celebration here brother, and I totally agree just sharing some data based observation.
IMO I am on the very opposite side of all those youtubers the majority sitting on the edge of their seats just waiting for the big RE crash, all I can say is I hope they are not holding their breath. Many of the blue state will feel the effect of a RE crash of some sorts but several states the prices will just keep going up more than likely. Lots have the delusional view fed will raise rates to curb inflation lmao not going to happen what the more likely scenario is a big fat < ZERO Fed funds rate keeping wall street well fed and the world spinning...
29   Cash   2021 Oct 15, 12:06pm  

Bitcoin retakes $60,000 on news of imminent Bitcoin Futures ETFs
https://seekingalpha.com/news/3753210-bitcoin-aims-to-re-take-60k-on-news-of-an-imminent-bitcoin-futures-etfs

SEC could approve bitcoin-futures ETFs as early as Monday
https://seekingalpha.com/news/3753036-sec-bitcoin-futures-etfs

Boom conservatively 80-100k incoming no time frame claim although I personally want the pop to be slow and deliberate and
the run to last into 2022.... (personal tax benefits)
30   EBGuy   2021 Oct 15, 1:15pm  

Bitcoin says
lol, wtf is this.

Buying Bitcoin and storing it securely it as easy as buying pizza.

You download an app to your phone (coinbase, binance, etc.). Once you purchased Bitcoin, you get yourself a Trezor or a ledger

None of that sounds anonymous to me and involves a lot unauditable software. Ask jstark how his coinbase account worked out for him.
31   mell   2021 Oct 15, 1:32pm  

Cash says
Bitcoin says
exactly what happened in Europe. House prices have been in a 3 decade long uptrend while rates continue to go down. Thanks to mortgage rates that are between 1-2%.

Good point and comparison

mell says
You know though that this is a sign of insolvency and too much money printing/QE. Of course everyone who can would refinance to save a whole percentage point. But for those who are shut out from working with debt these policies are devastating. And eventually there will be another 2008. We got loans at 1.5% over there, it's insane. Soon some banks may pay you for holding debt. But it won't end well, this is done one the backs of future generation as always, and the millennials and genzs are already mega fucked, many if not most will never be able to own a decent house in their lifetime. Not saying not to play the...


I agree the Fed will never significantly raise rates to curb inflation (instead of first signs of a severe crisis they will slash em back to zero or even go negative), but eventually it will be the bond holders forcing much higher rates to prevent the dollar from becoming worthless. But that may be a years or even decades out. Trying to time this for the average joe is insane, people like Burry intensely studied the mortgage and derivatives market before making big bets. For now inflation is here to stay and it will inflate pretty much all assets, including housing (except for the luxury/mansion market maybe). Best is to stay diversified.
32   Bitcoin   2021 Oct 15, 8:32pm  

EBGuy says
Bitcoin says
lol, wtf is this.

Buying Bitcoin and storing it securely it as easy as buying pizza.

You download an app to your phone (coinbase, binance, etc.). Once you purchased Bitcoin, you get yourself a Trezor or a ledger

None of that sounds anonymous to me and involves a lot unauditable software. Ask jstark how his coinbase account worked out for him.


@EBGuy,

why do you think purchasing Bitcoin should be anonymous?????

If it were anonymous criminals could use it and the US government would have an issue with it.
Crypto is regulated.
Exchanges are regulated.
If it werent regulated they wouldnt be able to approve a Bitcoin ETF.

An exchange must report holders above a certain $$ threshold to the IRS. Dont trade crypto with the idea you can avoid taxes. BAD IDEA.

I'll repeat it again and again:
you purchase Bitcoin (or any other crypto) on an exchange but you dont HOLD your crypto there.
You send it via seconds to a cold storage. Think of it like an USB stick. THere are many out there, Trezor or Ledger Nano S are highly recommended. They are not connected to the internet and can be stored at a safe place so that no hacker can access your funds. Its like your own bank vault.
33   Bitcoin   2021 Oct 15, 8:33pm  

mell says
Best is to stay diversified.

Exactly!
34   Bitcoin   2021 Oct 15, 8:35pm  

NDrLoR says
Bitcoin says
Whats your point?
I know, this time it's different.


@NDrLoR
I didnt say this time is different. But i still dont get your point. You were making a comparison between the RE chart and the Bitcoin chart. What is your point though?

There was a severe crash in 08 in RE. There was a severe crash in 2017 with crypto. Both, RE and crypto are trading at all time highs now (basically).

So whats your point? That crashes are buying opportunities of a lifetime? That long term holders of crypto and RE are just fine?
36   WookieMan   2021 Oct 15, 10:22pm  

Bitcoin says
WookieMan says
But what do I know?


Not much?
You said holding is "stupid" and YOU talk about investment performance? Doubt you even know how to calc. ROI in order to compare investments. You seem to have no idea what these % below mean, do you?

in terms of Bitcoin performance.....dont take my word for it....google it or even easier, click the link below.




https://www.barchart.com/crypto/quotes/%5EBTCUSD/performance

I talk about owning a business. Put some time in and make $10M, which we're close to securing. Try it some time. I'd rather invest in something I have control over instead of something with zero tangible value long term. I'm a millionaire at 38 as is. BTC could go 10X and it still won't beat what I can make. You're playing a video game. I'm not a hater either, I'm logical. I've seen people destroyed by crypto and I can't stand the pumping. Do something productive.
37   AmericanKulak   2021 Oct 16, 12:27am  

Dogecoin co-creator Jackson Palmer isn’t on social media much. After nuking his YouTube channel and turning his Twitter account private back in mid-2019, the software engineer hadn’t made a peep on the platforms at all; not even when prices for his meme-y crypto reached record highs earlier this year. That blackout ended today when Palmer briefly resurfaced on Twitter with an important reminder: cryptocurrency’s a scam and always has been.

“After years of studying it, I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity,” he tweeted out on Wednesday afternoon.

Palmer went on to say that while crypto’s biggest fans often point to it as an equitable alternative to the Big Banks because of the currency’s decentralized nature, the truth is that the two share the same problem: rich people. As he (rightfully) noted, the bulk of the crypto community is controlled by “a powerful cartel of wealthy figures” who are turning decentralized finance into a system that largely benefits those at the top—kind of like the centralized systems crypto claims to replace.

...

Palmer’s full thread itself is well worth the read, even if you disagree with what he’s saying—and there are going to be plenty that do. One of the many awful traits of the crypto community that Palmer points out is that “even the most modest critique of cryptocurrency will draw smears from the powerful figures in control of the industry,” not to mention the ire of everyday investors terrified of losing it all. Just something worth remembering when those figures inevitably fart out some bad-faith tweets saying Palmer’s just jealous he never cashed in when he had the chance.


https://gizmodo.com/dogecoin-creator-says-crypto-is-a-scam-1847292956
38   Bitcoin   2021 Oct 16, 7:00am  

NDrLoR says
Bitcoin says
So whats your point?
It's the title of a book


So, you asked to compare Bitcoin to RE but you cant articulate what your point is? cool. Nice conversation!
39   Bitcoin   2021 Oct 16, 7:04am  

WookieMan says
I talk about owning a business.

Are you trying to tell us as a business owner you cant invest to generate passive income? That would make you unique.

Look at other successful entrepreneurs. They seems to have enough cash to invest in order to generate passive income (at least the ones that make money and arent broke).

https://www.cnbc.com/2021/10/13/mark-cuban-ethereum-has-the-most-upside-as-a-crypto-investment.html
"Mark Cuban says ethereum has the ‘most upside’ as a crypto investment"

https://cointelegraph.com/news/mr-wonderful-s-crypto-allocation-is-now-larger-than-his-gold-holdings
"Mr. Wonderful’s crypto allocation is now larger than his gold holdings"

I can post more examples if you like?
40   Bitcoin   2021 Oct 16, 7:05am  

MisdemeanorRebellionNoCoupForYou says
tweets saying Palmer’s just jealous he never cashed in when he had the chance.


@MisdemeanorRebellionNoCoupForYou
Wait. Palmer created Doge but didnt make a cent with it? LOL that would suck. No wonder he is sour grapes!
41   Bitcoin   2021 Oct 18, 9:10pm  

What happened to our Bitcoin haters??? Looks like they are taking a break from the hate posts???? could it be that Bitcoins recent price increases and the announcement of the first Bitcoin ETF in the US are the reason for the silence???

https://www.nytimes.com/2021/10/18/business/dealbook/bitcoin-etf-proshares.html

"An exchange-traded fund tied to the cryptocurrency is set to begin trading on the New York Stock Exchange, a milestone for the industry."

"Tomorrow’s E.T.F. launch is another sign of crypto’s mainstream legitimacy in a year of milestones for the industry, including the crypto exchange Coinbase going public."

Pretty sure this news will piss of our Bitcoin haters!
42   WookieMan   2021 Oct 18, 9:18pm  

Bitcoin says
I can post more examples if you like?

You can pump more if you like, just like they are. Put $1M in and get $20-30k in a day. Game eventually ends. They are able to lose all of it. You can't.
43   Bitcoin   2021 Oct 19, 8:47am  

the first Bitcoin ETF has started, listed on the Nasdaq!

Ticker: BITO
U.S.: NYSE Arca
Name: ProShares Bitcoin Strategy ETF

https://www.marketwatch.com/investing/fund/bito

Congratulations to all Bitcoin holders!

The haters suffer another defeat. A continuation of Bitcoin slapping the haters!
44   Cash   2021 Oct 20, 7:46am  

Bitcoin says

https://www.marketwatch.com/investing/fund/bito

Congratulations to all Bitcoin holders!

The haters suffer another defeat. A continuation of Bitcoin slapping the haters!


1 Billion in 1 day makes it the record holder I believe....
45   Bitcoin   2021 Oct 20, 7:52am  

Where are the haters?????????? Bitcoin new ALL TIME HIGH!!! CONGRATS TO ALL BITCOIN HODL'ers!!!


46   Cash   2021 Oct 25, 8:05am  

Tech billionaire Peter Thiel says he ‘underinvested’ in bitcoin
https://www.cnbc.com/2021/10/21/peter-thiel-on-bitcoin-i-feel-like-ive-been-underinvested-in-it.html

“But surely the fact that it is at $60,000 is an extremely hopeful sign. It’s the canary in the coal mine. It’s the most honest market we have in the country, and it’s telling us that this decrepit … regime is just about to blow up.”
47   Rin   2021 Oct 26, 6:26pm  

I'm neither a fan nor a hater on the crypto-markets.

But here's my question ... are cryptos, in fact, the electronic form of gold, moving forward?

In the past, sure, anyone could see that networking technologies were the proliferation of the internet and inter-connectivity, however, today's mainstay Cisco, didn't exactly go through the experience unscathed.

Here's Cisco price action during that time period.

48   just_passing_through   2021 Oct 26, 8:51pm  

Apple meet orange.

I do agree with the dot com analogy with respect to altcoins but not bitcoin.

Incidentally my uncle was VP of engineering in that chart and retired / cashed out at that peak with a fuck ton of money.
49   AmericanKulak   2021 Nov 8, 12:56pm  

Hilarious Video.

Of course, the S&P500 is a thing that is better today than March 2020.

https://www.youtube.com/watch?v=u8vfcOclok0


50   PeopleUnited   2021 Nov 8, 8:42pm  



11/8/21 BTC gets higher than ever before!
51   AmericanKulak   2021 Nov 8, 10:29pm  

It's cute how digital doofuses (doofi?) don't get that "cyberspace" is not an ethereal realm between here and the heavens, occupying the 5th sublunar plane or whatever.

"We're going beat Bogdanoff and Rockefeller and the Rothschilds with our funny money. The Blockchain will free us!"

Then the FBI carts away the servers.
52   Bitcoin   2021 Nov 9, 5:54am  

Congratulations to all crypto holders!!! Bitcoin just printed a new all time high! 68k for the first time in history baby!

https://www.cnbc.com/2021/11/08/bitcoin-and-ether-hit-new-all-time-highs.html

My Ethereum is skyrocketing as well....remember when I told you about it last year? it was at 700 dollars back then.......now.....close to 5k!!!

The Bitcoin haters will remain silent and may watch us making a killing! These type of gains/opportunities dont come often in life......sometimes you have to take a risk in order to make out like bandits.
53   PeopleUnited   2021 Nov 9, 7:18pm  

The bandits will be the ones laughing in the end
54   Bitcoin   2021 Nov 9, 8:54pm  

PeopleUnited says
The bandits will be the ones laughing in the end


Everyone who invested in Bitcoin / crypto and HODL'ed already won big. Haters told us Bitcoin will disappear, the reality is, we have a Bitcoin ETF now and institutions are pouring in. :) Sry
56   PeopleUnited   2021 Nov 18, 4:42am  

Bitcoin says
institutions are pouring in.


Yes, so the bandits have entered. Good luck.
57   AmericanKulak   2021 Dec 19, 9:29pm  

Ha, was wondering why the Buttcoin Pimps had been quiet the past few weeks.

The STOREHOUSEOFVALUE(tm) lost 20% of it's value in the past month.
58   just_passing_through   2021 Dec 20, 9:00pm  

But the bitKornHOLIO is breaking out of a descending wedge! To the moons!
59   ChauvinsKnee   2021 Dec 20, 11:23pm  

just_passing_through says
But the bitKornHOLIO is breaking out of a descending wedge! To the moons!


IT'S A FUCKING BUYING OPPORTUNITY FOR FUCK'S SAKE!!!! WAKE UP, PEOPLE, AND LOAD UP!!!

« First        Comments 20 - 59 of 97       Last »     Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions