Bitcoin hit a high of $8,458 today on coinbase. I'm calling it. This is the end of Bitcoin

Discussion in 'Crypto Assets' started by peilthetraveler, Nov 21, 2017.

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  1. Surprise

    Surprise

    You are posting pure BS without any evidence , it is irrelevant , what matters is the end , and BTC will eventually vanish or near to vanish , however the timeline is unknown .
     
    #61     Nov 23, 2017
  2. Hoi

    Hoi

    No what matters is that we here at ET are traders, we make a living of taking risks and profit from them. What the hell are you doing on this forum, if you ignore opportunities presented to you for free. ET-members who read my posts from 2013/2014, and understood, are now wealthy like me, the others regret.
    If I say that the year 2020 will become an interesting year (halving time again), I mean it.
     
    #62     Nov 23, 2017
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  3. Surprise

    Surprise

    lol , you are saying BTC is risk free .
     
    #63     Nov 23, 2017
  4. Hoi

    Hoi

    You cannot even read? Man! your beyond help.
     
    #64     Nov 23, 2017
  5. Surprise

    Surprise

    Stop this spamming , i could say the same thing that you are ignoring warnings presented to you for free .
     
    #65     Nov 23, 2017
  6. Hoi

    Hoi

    Warning from experts aren't ignored. You aren't an expert in this field. And no I don't stop: like to have as many posts as @Pekelo.
     
    #66     Nov 23, 2017
  7. Surprise

    Surprise

    You are not expert either ...
     
    #67     Nov 23, 2017
  8. Hoi

    Hoi

    You are joking right?
     
    #68     Nov 23, 2017
  9. It seems you can't compare BTC to a stock. A company can produce earnings and distribute it as dividends (a small part of it), or a company can keep it all, or they can lose money to expenses.
    With BTC - there are not expenses. It's not like Bitcoin has a pile of dollars that it's spending on CEO salaries and warehouses and the like. For Google to exist, it has to spend money. For Bitcoin to exist, it only needs to ... exist!

    For USD to exist - it needs the government backing it. If the gubbmint went away, the dollar crashes hard. But there is no entity per se backing up BTC, so it's not like fiat currency, either.
    Gold is a better analogy - needs to be mined, once it's out it has the value the market gives it. But, BTC has no physical existence, so... I would argue it's something new.
    There is no real analogy that truly works. But stocks are the worst analogy.
     
    #69     Nov 23, 2017
  10. I would suggest that there are other intrinsic values than survival in our world. That's a pretty grim outlook, imo.
     
    #70     Nov 23, 2017
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