patrick.net

that was a cute little dip.....obviously the bears didnt buy. Sorry you got so excited .....short lived.

G36 says

100k this year at the very minimum.

Or it could revert to it's actual value.

I suspect that eventually bitcoin will be a subscription service where no one is actually buying the $100,000.00 bitcoin but the HODLer's are paying the "miners" to update the list of "bitcoin millionaires.".

Is there a million? Or ten million Satoshis in a bitcoin?

Someday a whole coin will be worth more than the country of Slovakia and people will bid outrageous prices for the few Satoshis that ever hit the market.

The halvening is real.

Onvacation says

Crypto Hedge Funds Defraud $100 Million From Investors

Fixed:
Crypto Hedge Funds Defraud $100 Million From Gamblers

I agree, Bitcoin is probably going to reach 250k by this year. thanks

and thanks TESLA

G36 says

Bitcoin is probably going to reach 250k

Would you be willing to pay a "miner" a fee to confirm that?

every time i have moved Digital gold (Bitcoin) from an exchange to my Trezor i paid small transaction fees (you call it miner fee).
I love miners.....thanks for mining Bitcoin dear miners! I dont mind if you increase your fees by 10x. Without miners we would not have Bitcoin at 50K and we sure as hell would not have the alt coin market skyrocket because without Bitcoin the Altcoin market would be dead.

Miners for president! Go miners! We love you!

G36 says

i paid small transaction fees (you call it miner fee).

Do you even know how bitcoin works?

Not expecting a cogent answer.

G36 says

every time i have moved Digital gold (Bitcoin) from an exchange to my Trezor i paid small transaction fees (you call it miner fee).
I love miners.....thanks for mining Bitcoin dear miners! I dont mind if you increase your fees by 10x. Without miners we would not have Bitcoin at 50K and we sure as hell would not have the alt coin market skyrocket because without Bitcoin the Altcoin market would be dead.

Miners for president! Go miners! We love you!

i would actually pay 20x more fees. they are sooo low, that even a 20x wouldnt be noticeable.

peak FOMO

Mining pools should get medal of honors.

You do know that the miners don't get the exchange fees but work for new " coins"? Don'tcha?

The fees are paid by the next greatest fool to the exchanges.

Have you found the next greater fool yet to buy your matchbox car? that you paid 10k for?

Hope you took some profits. It's a long way down.

I havent taken any profits in BTC yet. Simply because we didnt hit 400k yet. Its only at 51k....i agree....it will take a few more weeks to get there.
Cardano, i will probably sell at around $10 bucks....i bought it at an avg of 10 cents.....just like those numbers....from 10 cents to $10 dollars :)

G36 says

I havent taken any profits in BTC

We know.

Onvacation says

G36 says

I havent taken any profits in BTC

We know.

Of course! Why should i have spent my precious digital gold coins at a price of say 40k....when just a few days later its at 50k.....why should i spend my precious coins at 51k if I believe it will go to 400k? Its smart money. Dumb money (Wookieman) will buy my precious digital gold coins when I sell at 400k.

G36 says

Dumb money (

Also known as the greater fool. How do you know it's not you?

if you pull a 3x in BTC and 10x in Cardano in just under 6month, you can call yourself smart money. (G36)

If you buy a matchbox car for 10grand and cant find a greater fool, you can call yourself dumb money. (you might know who I am referring to)

G36 says

if you pull a 3x in BTC and 10x in Cardano in just under 6month, you can call yourself smart money. (G36)

SO,
You are smart money?

You do know ya have to sell to profit, don'tcha?

Onvacation says

G36 says

if you pull a 3x in BTC and 10x in Cardano in just under 6month, you can call yourself smart money. (G36)

SO,
You are smart money?

absolutely. I even bought Bitcoin before Tesla :)

G36 says

I even bought Bitcoin before Tesla

Another great example. Though both are overpriced, Tesla is real. Crypto is bits on a stick that you must find a greater fool to buy. Whereas Tesla is an ongoing business with cars and things.

See the difference?

It's kinda like that overpriced hot wheel car you keep bringing up, it's real. Your bits on a stick, not so real.

Onvacation says

G36 says

I even bought Bitcoin before Tesla

Another great example. .

I know! That's why I am smart money....and you are dumb money for paying 10grand for a matchbox car. You will never find a greater fool to pay you back what you invested. @onvacation

I thought you were older.

Buy the dip!

Onvacation says

Buy the dip!

Always!

Is Bitcoin at risk of another drop below $40K in a historically corrective March?
https://cointelegraph.com/news/is-bitcoin-at-risk-of-another-drop-below-40k-in-a-historically-corrective-march

Bitcoin (BTC) has seen a corrective week as the price dropped from $58,000 to $44,000 in a matter of days. This dropdown caused a panic reaction across the markets as the euphoria was immediately halted.

For instance, the Crypto Fear and Greed Index plunged to monthly lows of 56 after being above 90, or "extreme greed" for an entire month.

However, such a panic reaction is unwarranted because corrections appear frequently in a bull market as a "reset" before continuation. This is organic and healthy and offers a good opportunity for traders and investors to buy the dip.

BUY THE DIP!

It's amusing how these guys talk about support and resistance levels as if it were a stock or something real.

This now paints a clear picture of the critical levels to watch. Ideally, the support zone between $42,500-$44,000 has to hold for further upward momentum. If it fails, further weakness can be expected toward the $37,500-$39,000 level.

But if the $42,500-44,000 support zone holds, higher prices can be expected once Bitcoin breaks above the resistance between $50,000 and $51,000.

Bitcoin is an extremely power hungry speculative investment dependent on the next greater fool (dumb money) in order for the last fool to profit. There is nothing there, no dividends, no capital (all consumed by miners), no store of value, nothing. Now if you have no scruples you can trade and make money but HODLing is unscrupulous and foolish.

Does anyone think all 2,200,000,000,000,000 Satoshi's could ever be sold for a profit?

Beware the scam!

It is what it is.

Onvacation says

It is what it is.

its fascinating:

https://www.investopedia.com/ask/answers/061915/how-does-block-chain-prevent-doublespending-bitcoins.asp#:~:text=The%20blockchain%20which%20undergirds%20a,double%2Dspending%20on%20its%20own.&text=Bitcoin%20was%20the%20first%20major,a%20common%2C%20universal%20ledger%20system

"Bitcoin was the first major digital currency to solve the issue of double spending. It did so by implementing this confirmation mechanism and maintaining a common, universal ledger system. In this way, the bitcoin blockchain retains records of time-stamped transactions going back to the founding of the cryptocurrency in 2009."

Brilliant

https://www.investopedia.com/terms/1/51-attack.asp

Huh, whats a 51% attack and how often does it occur?

Answer: It never has and never will. Just a hypothetical like aliens arriving on earth.

mmmkay, why do Bitcoin haters mention it?

Answer: Cause they got nothing else left. Especially after Tesla invested 1.5B USD in Bitcoin :)

WookieMan says

https://www.investopedia.com/terms/1/51-attack.asp

Your "digital gold" could be destroyed overnight. What is there not to understand? It's remotely nothing like aliens. China is a country that could overnight shift its electric grid to mining, open up a bunch of warehouses to mine BTC with stolen IP/computer processing, and destroy the market after they've inflated it and stolen billions from the world.

I guess you missed the whole Gamestop fiasco? You're in a speculative and manipulated market. Enjoy the ride. It doesn't end well. Investing in something with zero underlying value or asset is pure stupidity. Trade the highs and lows, but it's not an investment. Not sure how much clearer I can be on that. If you'd just agree to that I'd move on from these threads. But you continually pump and spam the site.

If G ever has anything interesting or useful to say please quote for me. Sadly, he's my only ignore. Complaining to Patrick was the last straw. He don't need that hassle. Patrick's too nice sometimes.