My break even btc price is $515 so I guess I'm still good.
Curious......why the HELL are you still holding it Cacky Lacky??
My break even btc price is $515 so I guess I'm still good.
Well no, I never said it would replace the Dollar. Maybe some people think that but that's not why bitcoin was created. That's why your linking of bitcoin to the Dollar doesn't make sense. If the Dollar goes to zero, that does not mean people will value Bitcoin the same. As a matter of fact - the more worthless the Dollar is - the better for bitcoin as an alternate store of value.Ok.
Explain to me the value, or how you value, BTC? Like how do you place/determine a value?
Maybe I don’t understand.
Y’all started out by saying it was going to replace the dollar, yet that’s how you value it.
If the dollar goes to zero, won’t crypto?
But forget all that. Explain to me how you determine a value for BTC.
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Correct.. it's not an equity, it's a commodity.
If nobody wants to buy 2022 gt500s, it's worthless.
Sometimes... not only do people want to buy them... but they are willing to pay over MSRP.
Well no, I never said it would replace the Dollar. Maybe some people think that but that's not why bitcoin was created. That's why your linking of bitcoin to the Dollar doesn't make sense. If the Dollar goes to zero, that does not mean people will value Bitcoin the same. As a matter of fact - the more worthless the Dollar is - the better for bitcoin as an alternate store of value.
Just to emphasize - bitcoin is NOT a currency. It was created as alternate store of value that is easily portable and transferred (to other btc wallets).
The value of bitcoin is the current market value - just like anything. Value of something (anything) is what people place upon it, will pay for it or barter for.
Well BTC is absolutely the worst store of value ever. You’d literally be better putting cash under your mattress.
It’s tanked by what, 70%?
And it’s not guaranteed. All those brokers are gonna pull the plug and I doubt there’s much anybody can do about it.
Let’s be honest. Y’all only liked it when it was up xxxx%.
Worst store of value ever? From zero to $19,000. Sounds pretty good. Similar to stocks, late comers loose out. Sure down 70% from peak is bad. Have you checked the stock market lately? EVERYTHING is down. So what. It will come back, like everything else.
What's this about a guarantee? Crypto wallets can be safely stored on a usb stick, computer ect. Who needs a guarantee from an exchange. (I assume that's what you meant by broker since it has no meaning in the crypto world)
I liked it at zero and I still like it at $19K. Especially since my cost average is $500.
One more thing about store of value:
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The value of bitcoin is the current market value - just like anything.
Maybe you should look at the chart again.Ok well whatever you want to call the exchange/broker/wallet people that are not allowing people to sell or trade BTC (they don’t have the cash).
You were nuts not to sell it all at 58k or whatever.
I think you’re nuts not to liquidate a substantial portion now, that is if you can of course.
One more time - look at the chart.^^^^ya what he said.
One minute it’s money.
Then today it’s a commodity.
No wait, it’s a store of value.
So you’re paying $X to “store” your money?
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Maybe you should look at the chart again.
I will have no issue redeeming whatever and whenever I want. Be it a reputable exchange or through direct purchases.
Your lack of knowledge about BTC and crypto is obvious.
i was VERY pro BTC until recently. my main positives were it being a tool of the small guy and not controlled by "the man"...
well, it's 80% institution owned now...and seems to follow SPY also. so why not just invest in familiar stocks with less risk? (yes i realize they tanked heavily also)
when trudeau went after it and they tried to ban russian transactions, it was the end for me. it took everything it stood for and crushed it it my eyes.
now coinbase is giving up tracking info?? wtf man
if anyone can make sense of this i'm all ears, not trying to argue, just lost confidence in what i saw in it for in the future
My car is worth $30k, what backs it? Nothing. Why do people value precious metals? As I explained previously - re-read my post above above.Again show me and I do mean show me what backs it, besides a bunch of people that says so. Then I'll gladly jump in feet first knowing I can trade it in and exchange it for the tangible stuff. So is it gold, silver, platinum???? Give me something or is it like my one cousin that works lower management at Goldman Sachs says just a Ponzi scheme by another name.
To be fair, that article was written 10 months ago. But yeah our numbers are very far off, next time i see this stated I’ll try and find the source and see where the actual number is. It was from unusual whales I believe, and huge change between retail to institution in the last couple years.BTC has been following SPY for a very short time. You shouldn't draw conclusions on short term thought. For the THIRD TIME look at the chart.
Your institutional owned figure is wrong. Its 8 percent.
Coinbase is crap. Use another exchange. It's really that simple.
I think you lost confidence because it isnt defying gravity and going straight up. An investor knows this never happens.
To be fair, that article was written 10 months ago. But yeah our numbers are very far off, next time i see this stated I’ll try and find the source and see where the actual number is. It was from unusual whales I believe, and huge change between retail to institution in the last couple years.
I have these apps on my phone…
coinbase
celsuis
kucoin
uphold
…3 out of 4 have been sketch as shit lately lol. What do you recommend?
I lost confidence because of the reasons i stated…those reasons do not allow me to understand it’s purpose any longer.
that said, if the chart tells me to buy, and there’s an exchange i can trust, I’ll buy…just no more holding for this guy(I’m the same way with 95% of my stocks)
My car is worth $30k, what backs it? Nothing. Why do people value precious metals? As I explained previously - re-read my post above above.
And my Uncle works for Fidelity and they have opened institutional and 401k btc investing.
The clueless keep screaming ponzi yet point to sp500 correlation. So I guess investment by nature is a ponzi.
Brilliant
Stablecoins and exchanges are still a bit of "wild west" scenario until gov't figures it out with regulation.