Bitcoin Could Hit $100,000 if Investors Treat It Like Gold, Goldman Sachs Says

Discussion in 'Crypto Assets' started by johnarb, Jan 5, 2022.

  1. RedDuke

    RedDuke


    And you know how? If fake stable coins are removed, you could see it below 10 and less.

    BTC and cryptos are at these levels for one reason only fake money.
     
    #21     Jan 6, 2022
  2. johnarb

    johnarb

    Sorry, don't know why I forget not everyone lives in a bubble I'm in

    These "crashes" happen all the time in bitcoin and cryptos

    You can see from last year many threads started by critics during times of downtrends, but become quiet on the "uptrend"

    The picture from that previous post shows Bitcoin and cryptos just keep doing what we have to do

    Still not clear, huh? lol :banghead:

    Maybe this tweet will be more clear, but in a short sentence, "just focus long term"

     
    #22     Jan 6, 2022
  3. Didn't the tweet say Bitcoin since '92 lol...

    I trade, I see no reason to hold a loser in a drawdown nor add to it. If your entry is $5K, then of course you should be looking to add at some point soon.
     
    #23     Jan 6, 2022
  4. qlai

    qlai

    Don’t care about what GS says. Are Pawn Shops taking it? Watch Pawn Shops, they definitely take gold.
     
    #24     Jan 6, 2022
    Nobert likes this.
  5. johnarb

    johnarb

    I should have mentioned it was reply to your post about smiling behind the pain

    Yes, there's pain right now, but just gotta hodl through it

    That picture was a metaphor about having fun and continuing to build during the price dips, wooshh, I know, crypto has a unique sense of humor, it's not for everyone
     
    #25     Jan 6, 2022
    Trader Curt likes this.
  6. johnarb

    johnarb

    How much do you get for 1 oz of pure gold at the pawnshop?

    selling and loan against it?
     
    #26     Jan 6, 2022
    Trader Curt likes this.
  7. Tokenz

    Tokenz

    This actually made me laugh. Good job, but no need to be salty.

    I have embraced the market because I know the market is building it's structure so that it can push new limits. But in the meantime I have bought, and couldn't be any more satisfied with my decision. So you need to chill out man, and accept the fact that you are late to the party. calmdownbro.jpg
     
    #27     Jan 6, 2022
    Trader Curt and johnarb like this.
  8. qlai

    qlai

    That’s not the point. The point is you could convert it into anything at any point in history (elections, crashes, wars, etc). For the record, I don’t hold either.
     
    #28     Jan 6, 2022
  9. Tokenz

    Tokenz

    No, they are at these levels because of the technology behind them. Can't always believe everything you hear on the media.
     
    #29     Jan 6, 2022
    Trader Curt likes this.
  10. johnarb

    johnarb

    That was actually my point as well

    Gold was the old method, bitcoin is 100x better

    You can get $100K for your bitcoins without leaving your home by taking a loan against it or selling it at Kraken and if you do it early enough, you can get the $$$ same day

    If you're a rich dude and need $1M loan against your bitcoin, you can reach out to Fidelity for hand holding

    And if you're traveling and need to bring $100K with you to buy a house overseas, you do not have to hide the $100K in gold somewhere it's going to hurt, badly

    Bitcoins are on the blockchain and available wherever you go


    https://blockfi.com/crypto-loans
     
    #30     Jan 6, 2022