SHOULD I BUY BITCOINS?

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Stash

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Re: SHOULD I BUY BITCOINS?
« Reply #120 on: January 17, 2021, 11:29:56 AM »
Big move is expected in about 5-7 days. It might go down to about 24k or up to nearly 50k.

Yeah, I've read there's been a lot of profit taking and more to come. But yeah, it's BTC, who knows. I read briefly about some guy who's offering 10's of millions of dollars to people to help him search a landfill because that's where he thinks his $270m worth of BTC password is. I can't imagine.

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Definitely Not Swedish

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Re: SHOULD I BUY BITCOINS?
« Reply #121 on: January 17, 2021, 11:33:36 AM »
According to my very accurate prediction, the bullmarket will be officially over once the btc drops below the upper blue line. The bear market will bring prices down to approx. 10k USD, but it's unlikely to fall significantly lower.

« Last Edit: January 17, 2021, 11:37:48 AM by Definitely Not Swedish »
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Definitely Not Swedish

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Re: SHOULD I BUY BITCOINS?
« Reply #122 on: January 17, 2021, 11:36:00 AM »
Big move is expected in about 5-7 days. It might go down to about 24k or up to nearly 50k.

Yeah, I've read there's been a lot of profit taking and more to come. But yeah, it's BTC, who knows. I read briefly about some guy who's offering 10's of millions of dollars to people to help him search a landfill because that's where he thinks his $270m worth of BTC password is. I can't imagine.

Sucks for him.
I personally started to cash out at around 26k already because I expected bigger drops sooner.
As of making money with btc. I started with $500, right now I got about 1400 cashed out and like 600$ still invested in crypto. Tho 100 of that is on an scam-exchange so I most likely will never get that back.
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Stash

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Re: SHOULD I BUY BITCOINS?
« Reply #123 on: January 17, 2021, 11:37:24 AM »

According to my very accurate prediction, the bullmarket will be over once the btc drops below the upper blue line. The bear market will bring prices down to approx. 10k USD, but it's unlikely to fall significantly lower.



If you're right, I may dabble and buy in when that happens. Just for fun. And spray paint my password on my living room wall.

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sokarul

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Re: SHOULD I BUY BITCOINS?
« Reply #124 on: January 17, 2021, 06:39:05 PM »
Here in America tax season is coming up. Many people are going to get refunds. Not saying America is the only country but plenty of people will be buying soon.
So I don’t see it dropping much.
« Last Edit: January 17, 2021, 06:43:35 PM by sokarul »
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Bullwinkle

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Re: SHOULD I BUY BITCOINS?
« Reply #125 on: January 17, 2021, 07:53:19 PM »
BullwinkleBux have triplled in value. Tax free. They don't fluckuait. Just grow.

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Definitely Not Swedish

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Re: SHOULD I BUY BITCOINS?
« Reply #126 on: January 17, 2021, 09:57:05 PM »
BWB is the worst shitcoin of them all, even worse than ripple!
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Bullwinkle

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Re: SHOULD I BUY BITCOINS?
« Reply #127 on: January 17, 2021, 10:35:55 PM »
BWB is the worst shitcoin of them all, even worse than ripple!
Just wait until the board game comes out.

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Definitely Not Swedish

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Re: SHOULD I BUY BITCOINS?
« Reply #128 on: January 17, 2021, 10:39:32 PM »
Ngl, I'd buy that.
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boydster

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Re: SHOULD I BUY BITCOINS?
« Reply #129 on: February 03, 2021, 07:06:16 PM »
How many bitcoins is the right amount of bitcoins to buy right now? That is the question.

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Definitely Not Swedish

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Re: SHOULD I BUY BITCOINS?
« Reply #130 on: February 03, 2021, 07:40:37 PM »
Buy the tip, sell the dip!
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Bullwinkle

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Re: SHOULD I BUY BITCOINS?
« Reply #131 on: February 03, 2021, 10:03:17 PM »
How many bitcoins is the right amount of bitcoins to buy right now? That is the question.
BullwinkleBux are the next better mousetrap.Get in on the ground floor.
(don't give me shit about floors if you're in England).

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Definitely Not Swedish

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Re: SHOULD I BUY BITCOINS?
« Reply #132 on: February 03, 2021, 10:25:22 PM »
Buy the tip, sell the dip!

I, on the other hand, started a long position with x7 leverage at around 34k. It's now at +70% or so.
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Re: SHOULD I BUY BITCOINS?
« Reply #133 on: February 07, 2021, 08:59:05 AM »
I tossed $2500 at Ethereum a couple months ago. Somewhere between 150%-200% return at the moment; it's pretty volatile. But I'm keen on the dApp concept and think in the long term there will be a move to decentralized implementations of more global functions.

Then again, SkyNet ...

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boydster

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Re: SHOULD I BUY BITCOINS?
« Reply #134 on: February 08, 2021, 06:28:58 AM »
BTC just got juiced with some sweet sweet Tesla money.

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Definitely Not Swedish

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Re: SHOULD I BUY BITCOINS?
« Reply #135 on: February 08, 2021, 09:47:39 AM »
From Reddit, about dogecoin:


Dogecoin produces 10,000 coins per block at a rate of roughly 1 block per minute. That's around 14m coins per day. Let's see how long you can sustain a pump with those numbers against you.

Honestly, I don't really mind pumping coins, particularly joke coins like Doge. But if I see another post from someone saying "but what if Doge is the next Bitcoin" I think I'll crack!
You can only pump a coin like Doge so far! I'm seeing people saying "what if it gets to $100 or even $1000?". Do they have any idea how many of these coins are in circulation?!
Part of the whole joke of Doge was its rediculous supply cap and real terms inflation, with literally billions of new coins being generated annually. You can only sustain the upwards trajectory of something like that for so long...
If you're a newbie playing with Doge, these is a huge chance your going to lose next to everything. The actual coin is designed to lose "value", the fundamental function of the coin is actively working against you!

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Space Cowgirl

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Re: SHOULD I BUY BITCOINS?
« Reply #136 on: May 03, 2021, 11:03:07 AM »
If Elon Musk talks about Doge on SNL this Saturday, do you think Dogecoin will go up?
I'm sorry. Am I to understand that when you have a boner you like to imagine punching the shit out of Tom Bishop? That's disgusting.

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Definitely Not Swedish

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Re: SHOULD I BUY BITCOINS?
« Reply #137 on: May 08, 2021, 06:18:47 AM »
It will. It is still worthless trash.
I think bitcoin will have one more decent rise, maybe to 70-120k before it will drop again.
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Space Cowgirl

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Re: SHOULD I BUY BITCOINS?
« Reply #138 on: May 09, 2021, 08:35:41 AM »
Oh no, he talked about doge and it went down! lol
I'm sorry. Am I to understand that when you have a boner you like to imagine punching the shit out of Tom Bishop? That's disgusting.

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I'm sorry. Am I to understand that when you have a boner you like to imagine punching the shit out of Tom Bishop? That's disgusting.

Re: SHOULD I BUY BITCOINS?
« Reply #140 on: May 09, 2021, 12:24:18 PM »
You might as well pay for non-existent moon trips with a bullshit currency.   ::)
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Pezevenk

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Re: SHOULD I BUY BITCOINS?
« Reply #141 on: May 09, 2021, 01:11:07 PM »
It's really funny how late capitalism has basically devolved to "no bro trust me bro totally bro" as billions of dollars just fly around all over the place for nonsense reasons at this point lol
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Definitely Not Swedish

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Re: SHOULD I BUY BITCOINS?
« Reply #142 on: May 09, 2021, 01:27:41 PM »
It's really funny how late capitalism has basically devolved to "no bro trust me bro totally bro" as billions of dollars just fly around all over the place for nonsense reasons at this point lol
Bitcoin has been proven to be the future of money.
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Wolvaccine

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Re: SHOULD I BUY BITCOINS?
« Reply #143 on: May 09, 2021, 02:43:51 PM »
It's really funny how late capitalism has basically devolved to "no bro trust me bro totally bro" as billions of dollars just fly around all over the place for nonsense reasons at this point lol
Bitcoin has been proven to be the future of money.

Lol. It fluctuates so wildly and is only really attainable for the uber 1% of rich people to buy uber rich shit at this point

You think you can buy your groceries using bit coins?

Yeah that will be 0.0000001 bit coins please ::)

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markjo

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Re: SHOULD I BUY BITCOINS?
« Reply #144 on: May 09, 2021, 04:05:24 PM »
Lol. It fluctuates so wildly and is only really attainable for the uber 1% of rich people to buy uber rich shit at this point

You think you can buy your groceries using bit coins?

Yeah that will be 0.0000001 bit coins please ::)
What makes you think that BitCoin (or any other crypto currency) can only be traded in whole units? ???
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Wolvaccine

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Re: SHOULD I BUY BITCOINS?
« Reply #145 on: May 09, 2021, 04:29:33 PM »
Lol. It fluctuates so wildly and is only really attainable for the uber 1% of rich people to buy uber rich shit at this point

You think you can buy your groceries using bit coins?

Yeah that will be 0.0000001 bit coins please ::)
What makes you think that BitCoin (or any other crypto currency) can only be traded in whole units? ???

Poland got the shits when their currency had so many zeros on the end they chopped 3 of them off. I doubt bitcoin will become a norm that you go to the store and see a loaf of bread for 0.000001 bit coins and a single lolly for 0.00000001 bit coins with a tv costing 0.0001 bit coins and so on like that

They may end up changing how it looks that 0.00000001 is the new '1' but then how do you differentiate between a loaf of bread and a toaster?

And still doesn't address how wildly it fluctuates. It's not a stable currency. Looks as precarious as what the Zimbabwean dollar looked like. It can turn 'millionaires' to beggars on the street overnight. You just don't know

But go on and think it's the future of money ::) invest your life savings in it. It might net you some more coin or it could utterly destroy you.


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markjo

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Re: SHOULD I BUY BITCOINS?
« Reply #146 on: May 09, 2021, 05:00:10 PM »
Ignore the hype and try to think of crypto currency more like a stock than actual currency.
Science is what happens when preconception meets verification.
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Besides, perhaps FET is a conspiracy too.
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Wolvaccine

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Re: SHOULD I BUY BITCOINS?
« Reply #147 on: May 09, 2021, 05:32:34 PM »
Ignore the hype and try to think of crypto currency more like a stock than actual currency.

Well my comment was more against the notion that Bitcoin is the 'future of currency'

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markjo

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Re: SHOULD I BUY BITCOINS?
« Reply #148 on: May 09, 2021, 05:50:59 PM »
Ignore the hype and try to think of crypto currency more like a stock than actual currency.

Well my comment was more against the notion that Bitcoin is the 'future of currency'
Well, that future isn't here just yet.
Science is what happens when preconception meets verification.
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Besides, perhaps FET is a conspiracy too.
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It is just the way it is, you understanding it doesn't concern me.

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Wolvaccine

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Re: SHOULD I BUY BITCOINS?
« Reply #149 on: May 09, 2021, 07:39:54 PM »
Ignore the hype and try to think of crypto currency more like a stock than actual currency.

Well my comment was more against the notion that Bitcoin is the 'future of currency'
Well, that future isn't here just yet.

And it isn't going to be. You think like DNS that all countries on the planet, 1st world and developing will all agree to have Bitcoin as the standard currency?

Maybe if every nation was under 1 government and enjoyed the same standard of living and opportunities

Bitcoin and anything like it is just a place for fools to dump their life savings into on a gamble more fools invest in it. But what exactly is the investment?

If I invest in a stock, say in technology, that money can be used with real tangible benefits. Peoples employment, technology and research development to make real products people can use and so on..

What does Bitcoin do? It's just some imaginary thing that is akin to a scam

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what website did you use to buy your wife? Did you choose Chinese over Russian because she can't open her eyes to see you?

What animal relates to your wife?

Know your place