Bitcoins - fad or trend?

Discussion of all things crypto and blockchain.
User avatar
Bucketeer
Bearish Supporter
Posts: 4666
Joined: Sat Aug 23, 2014
Location: Warily watching the herd.

Re: Bitcoins - fad or trend?

Postby Bucketeer » Wed Oct 30, 2019

shinnosuke wrote:
bankmining wrote:
Bucketeer wrote:Up 12.6% today, might be down 20% tomorrow. Bitcoin is a volatile and abnormal investment.


You mean up 35%+ today? :lol: 10k plus.


Yes, but why? Why did BTC and crypto prices in general rise so much so quickly?


I believe that in almost every year, the largest gains in Bitcoin were made in a 10 day window.

BTW - In my original quote, I meant to say asymmetrical, not abnormal.
Gentlemen prefer Engelhard.


User avatar
SilverDoge
Constitutional Supporter
Posts: 4991
Joined: Mon Apr 21, 2014
Location: Kansas

Re: Bitcoins - fad or trend?

Postby SilverDoge » Wed Oct 30, 2019

Censorship resistance will be one of the biggest factors in "new money". Just ask conservative street artist Sabo.... who recently had his Paypal account suspended (with all his money still in it) for 6 months.

https://pjmedia.com/trending/paypal-de-platforms-conservative-street-artist-sabo-holds-his-funds-for-six-months/

As election season nears, expect the censorship, shadow-banning, and social media blocking (to include money transfer services) to get worse and worse.

Store of value is just one great feature of bitcoin. Having no banker tell you that you can't conduct business is a HUGE factor that will become more and more important as time goes on.
Image

User avatar
Bucketeer
Bearish Supporter
Posts: 4666
Joined: Sat Aug 23, 2014
Location: Warily watching the herd.

Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu Oct 31, 2019

I read something the other day that was interesting. The author stated the percentage of Bitcoin wallets holding 10 Bitcoin or more that have not traded for over a year is about 96%. That means that the circulating supply (the float) of Bitcoin is 850,000 to 1 million of Bitcoin actually available for trade.

HODL
Gentlemen prefer Engelhard.


User avatar
Bucketeer
Bearish Supporter
Posts: 4666
Joined: Sat Aug 23, 2014
Location: Warily watching the herd.

Re: Bitcoins - fad or trend?

Postby Bucketeer » Sun Nov 03, 2019

ZH: Bitcoin's Past Accomplishments And Future Challenges.
https://www.zerohedge.com/crypto/bitcoins-past-accomplishments-and-future-challenges
Gentlemen prefer Engelhard.


User avatar
tdtwedt
Gold Supporter
Posts: 11664
Joined: Sat Nov 01, 2014
Location: South Mississippi

Re: Bitcoins - fad or trend?

Postby tdtwedt » Mon Nov 04, 2019

A single anonymous market manipulator caused bitcoin to top $20,000 two years ago, study shows

A forensic study found that tethers, a digital currency, being traded for bitcoins, revealed a pattern of manipulation during the 2017 cryprocurrency boom.

“Almost the entire price impact can be attributed to this one large player,” finance professors John Griffin and Amin Shams wrote.

“One of the SEC’s top worries is that crypto is subject to manipulation. This study appears to lend credibility to that argument,” Cowen analyst Jaret Seiberg said on Monday.


https://www.cnbc.com/2019/11/04/study-s ... 20000.html
There are more ways than one to skin a cat.

User avatar
Bucketeer
Bearish Supporter
Posts: 4666
Joined: Sat Aug 23, 2014
Location: Warily watching the herd.

Re: Bitcoins - fad or trend?

Postby Bucketeer » Mon Nov 04, 2019

CoinDesk: Trial Back on After Craig Wright Breaks Bitcoin Settlement Agreement.
https://www.coindesk.com/trial-back-on-after-craig-wright-breaks-bitcoin-settlement-agreement
Gentlemen prefer Engelhard.


User avatar
SilverDoge
Constitutional Supporter
Posts: 4991
Joined: Mon Apr 21, 2014
Location: Kansas

Re: Bitcoins - fad or trend?

Postby SilverDoge » Tue Nov 05, 2019

tdtwedt wrote:A single anonymous market manipulator caused bitcoin to top $20,000 two years ago, study shows

A forensic study found that tethers, a digital currency, being traded for bitcoins, revealed a pattern of manipulation during the 2017 cryprocurrency boom.

“Almost the entire price impact can be attributed to this one large player,” finance professors John Griffin and Amin Shams wrote.

“One of the SEC’s top worries is that crypto is subject to manipulation. This study appears to lend credibility to that argument,” Cowen analyst Jaret Seiberg said on Monday.


https://www.cnbc.com/2019/11/04/study-s ... 20000.html


Imagine if you could print unlimited dollars, or euros, or yen, or literally any other national currency that is backed by absolutely nothing and costs near zero to print. And you took that worthless currency and bought the only major international currency with a Stock to Flow ratio that will be equal to gold by May 2020, and will be 100:1 in 2024.... which still has a market cap of less than $200 Billion. The real question is, why aren't more countries doing it now (or are they?) and who are the smart ones doing it under the radar?

Don't get distracted by the white noise. Stack the sats.
Image

User avatar
SilverDoge
Constitutional Supporter
Posts: 4991
Joined: Mon Apr 21, 2014
Location: Kansas

Re: Bitcoins - fad or trend?

Postby SilverDoge » Thu Nov 07, 2019

Crypto Daily with a solid video here:

Image

User avatar
tdtwedt
Gold Supporter
Posts: 11664
Joined: Sat Nov 01, 2014
Location: South Mississippi

Re: Bitcoins - fad or trend?

Postby tdtwedt » Fri Nov 08, 2019

Bitcoin Battered Below $9k After FBI Calls Crypto "Significant Problem That Will Get Bigger And Bigger"

https://www.zerohedge.com/crypto/fbi-wa ... and-bigger

:pop:
There are more ways than one to skin a cat.

User avatar
Bucketeer
Bearish Supporter
Posts: 4666
Joined: Sat Aug 23, 2014
Location: Warily watching the herd.

Re: Bitcoins - fad or trend?

Postby Bucketeer » Fri Nov 08, 2019

The "significant problem" of Bitcoin is one of its advantages. The price action is normal, compared to stocks, commodities, and precious metals.
Gentlemen prefer Engelhard.


User avatar
tdtwedt
Gold Supporter
Posts: 11664
Joined: Sat Nov 01, 2014
Location: South Mississippi

Re: Bitcoins - fad or trend?

Postby tdtwedt » Thu Nov 14, 2019

Bitcoin Fixes This: PayPal Cuts Payouts To Over 100,000 Pornhub 'Models'

Bitcoin is being championed as the solution to a new payment crisis affecting the adult entertainment website Pornhub. In a blog post on Nov. 14, Pornhub revealed that payment processor PayPal had abruptly stopped servicing its models.


Image

https://www.zerohedge.com/crypto/bitcoi ... hub-models

:pop:
There are more ways than one to skin a cat.

User avatar
Rik Bitter
Gold Jester
Posts: 2980
Joined: Mon Jul 25, 2016
Location: PA

Re: Bitcoins - fad or trend?

Postby Rik Bitter » Thu Nov 14, 2019

^ So many jokes...
I'm down to the last few pieces to complete my YPS collection:
3oz. Peace Sign, V2 100g Classic
Also any pieces with serial #17 & 18s. Please contact me if you have any of these for sale.


ImageImage

User avatar
Bucketeer
Bearish Supporter
Posts: 4666
Joined: Sat Aug 23, 2014
Location: Warily watching the herd.

Re: Bitcoins - fad or trend?

Postby Bucketeer » Fri Nov 15, 2019

ZH: Tom Lee: Like FAANG Stocks, Bitcoin Will Hit $25K Due To "Network Value".
http://www.zerohedge.com/crypto/tom-lee-faang-stocks-bitcoin-will-hit-25k-due-network-value
Gentlemen prefer Engelhard.


User avatar
SilverDoge
Constitutional Supporter
Posts: 4991
Joined: Mon Apr 21, 2014
Location: Kansas

Re: Bitcoins - fad or trend?

Postby SilverDoge » Mon Nov 18, 2019

If the upcoming Bitcoin halving resembles the last two in historical performance, the next all time high after May 2020 will fall between $385,000 - $425,000 per bitcoin.

Here is the math supporting this: https://medium.com/swlh/bitcoin-halving-everything-you-need-to-know-4573dc5b528e

Having just one bitcoin could be life-changing, with a maximum downside risk (as of today) of $8,190, if bitcoin dropped to a dollar. Does any other asset/investment/currency have that potential?
Image


Return to “Bitcoin/Crypto/Blockchain”

Who is online

Users browsing this forum: No registered users and 3 guests