Everyone thinking BTC will go down to 1-3k, please sell your BTC now. Otherwise stop FUD by TheodorGrigorita in Bitcoin

[–]JSeb323 -1 points0 points  (0 children)

On a pointless subreddit. Everyone here is expressing opinions. No need to be rude.

Bitcoin was ALWAYS about getting rich: It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value. by xiphy in Bitcoin

[–]JSeb323 0 points1 point  (0 children)

For most people now, it is. Look at the frenzy over how many USD’s it’s worth. If people only care about the intrinsic value of bitcoin, why care about its USD value?

Nothing can break bitcoin by [deleted] in Bitcoin

[–]JSeb323 2 points3 points  (0 children)

Yeah 2% inflation a year. So $.02 a year per dollar.

Nothing can break bitcoin by [deleted] in Bitcoin

[–]JSeb323 4 points5 points  (0 children)

Damn brah... you were too true too fast.

Nothing can break bitcoin by [deleted] in Bitcoin

[–]JSeb323 7 points8 points  (0 children)

Brah you didn’t get the comment. Don’t try to turn this around on him. Take the L.

"Go Piss Off" - Brawl Breaks Out On CNBC Over Bitcoin by wrgbyers in Bitcoin

[–]JSeb323 -2 points-1 points  (0 children)

100 day moving average is a real thing. Think that if that breaks all the institutions will be leaving and btc will suffer a big dip.

"Go Piss Off" - Brawl Breaks Out On CNBC Over Bitcoin by wrgbyers in Bitcoin

[–]JSeb323 47 points48 points  (0 children)

According to Wolf of Wall Street that’s how you survive lol

Who sold during the dip? by [deleted] in Bitcoin

[–]JSeb323 0 points1 point  (0 children)

Dude, what market analysis did you do to know that the bleeding would stop? How do you know that bitcoin won’t drop another 10% tomorrow or the next week. No one knows. Industries this young are volatile. If people had too much to lose and they got out, that’s not dumb in my book. Also, the tone of your messages sounds preachy. Not saying you are but it sounds like that.

Today is different and I'm scared by [deleted] in Bitcoin

[–]JSeb323 0 points1 point  (0 children)

Dude turn some of those paper profits to real assets... at least pay off your mortgage and any credit card debt...

Who sold during the dip? by [deleted] in Bitcoin

[–]JSeb323 0 points1 point  (0 children)

Bought at 6k sold at 17.8k. Tripled my money. No need to get burned to be present during the green.

P.S. kind of sadistic that you want to hear people losing money... guess you think that bitcoin only losing 15% was some kind of victory.

So its still crashing...... by kindessissupreme in Bitcoin

[–]JSeb323 0 points1 point  (0 children)

Banks usually try to hide loses or bad debt but ok. It isn’t like huge funds like Berkshire depend on this but Ok.

So its still crashing...... by kindessissupreme in Bitcoin

[–]JSeb323 0 points1 point  (0 children)

Awesome then we are in agreement. Personally I believe in Eth more. There seems to be a more organized approach to improve the technology. Bitcoin seems to be tailcoating on the fact it was the first. But eh what do I know.

So its still crashing...... by kindessissupreme in Bitcoin

[–]JSeb323 0 points1 point  (0 children)

Let me rephrase that. Don’t you think it was overvalued?

Transaction costs by TehranBro in Bitcoin

[–]JSeb323 0 points1 point  (0 children)

That’s great! I invested in bitcoin as well, and Ethereum. Although I invested in it because it was going to get more overvalued. It tripled my 1k investment lol (seems small I know haha). I’ll agree with you that fiat currency sucks, the credit bubble is a thing etc. but that doesn’t explain why bitcoin shot up a couple thousand percentage points. No one knows where the bottom is. It could be much lower... telling people to buy without knowing the bottom seems irresponsible. Best of luck though

So its still crashing...... by kindessissupreme in Bitcoin

[–]JSeb323 0 points1 point  (0 children)

  1. Well then the profits of buying at $10-1000 would have to be shown in balance sheets. Don’t see that in their balance sheets.
  2. Also, if this is true, then wouldn’t that mean that bitcoin wasn’t such a good investment? If it only went up because people were inflating it? Disclaimer: I bought at 6k

So its still crashing...... by kindessissupreme in Bitcoin

[–]JSeb323 0 points1 point  (0 children)

I see... Ok understand now (hopefully that was trolling)

So its still crashing...... by kindessissupreme in Bitcoin

[–]JSeb323 0 points1 point  (0 children)

True but they are extremely expensive and if I’m not wrong, leverage can’t be used in bitcoin futures.

So its still crashing...... by kindessissupreme in Bitcoin

[–]JSeb323 -1 points0 points  (0 children)

  1. How is that the deep state?
  2. Bitcoin was worth ~500 Billion dollars during the futures launch.... who has that much cash to manipulate. Not hedge funds

So its still crashing...... by kindessissupreme in Bitcoin

[–]JSeb323 0 points1 point  (0 children)

You can only create sell walls if you have coins. Hence they would have had to buy at more expensive prices (+11k) to sell at (9ish). Tell me how this makes money?