Jonesy74 Posted September 22, 2023 Share Posted September 22, 2023 56 minutes ago, Data Dave said: 70-80p by historical standards. Unless they really f it up. Given recent inflation that seems highly optimistic Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted October 1, 2023 Share Posted October 1, 2023 On 22/09/2023 at 12:36, Data Dave said: In 1 month this BTC thread will be exactly 10 years old. BTC was next to nothing then. I wonder in 2033 what BTC will be worth. The potential to be over $1million On 19/09/2023 at 07:18, markyh said: Not your keys, not your coins. In a Decade in Crypto i have not lost even 1 satoshi to phishing or hacking. 💯 On 19/09/2023 at 21:24, Unmoderated said: Technicals looking bearish. Unless one listens to @_Checkmatey_ Glassnodes lead analyst. See him on a recent Whatbitcoindid with Peter M. On 22/09/2023 at 17:37, dannyf said: Given recent inflation that seems highly optimistic Agreed. Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted October 1, 2023 Share Posted October 1, 2023 (edited) This is why bitcoin only. Edited October 1, 2023 by Buffer Bear Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted October 1, 2023 Share Posted October 1, 2023 Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted October 1, 2023 Share Posted October 1, 2023 Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted October 1, 2023 Share Posted October 1, 2023 (edited) Edited October 1, 2023 by Buffer Bear Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted October 1, 2023 Share Posted October 1, 2023 Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted October 1, 2023 Share Posted October 1, 2023 Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted October 1, 2023 Share Posted October 1, 2023 Don't scoff at this. There is a greater upside than downside. GET OFF ZERO. Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted October 2, 2023 Share Posted October 2, 2023 My favourite...but slightly suspicious of his role. Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted October 14, 2023 Share Posted October 14, 2023 Spot ETF incoming more than likely... ETF + FASB = 🚀 Encourage everyone to buy spot not a fund. Quote Link to comment Share on other sites More sharing options...
markyh Posted October 15, 2023 Share Posted October 15, 2023 On 14/10/2023 at 17:05, Buffer Bear said: Spot ETF incoming more than likely... ETF + FASB = 🚀 Encourage everyone to buy spot not a fund. Well done GrayScale. Theyn need a spot Bitcoin ETF, as they hold a shitload of actual Bitcoin. Will do womders for other big physical holders too, like Microstrategy. Quote Link to comment Share on other sites More sharing options...
cattius Posted October 17, 2023 Share Posted October 17, 2023 Wow, im surprised theres no discussion on what happened yesterday regarding the false report of a BTC ETF approval from Cointelegraph. BTC pumped 5% yesterday on the fake news and i bet some insiders made a nice wedge from the move. The cynic in me fears yesterday will be used as an argument against ETF approval, but maybe im just jaded from the bear market. Quote Link to comment Share on other sites More sharing options...
markyh Posted October 17, 2023 Share Posted October 17, 2023 1 hour ago, cattius said: Wow, im surprised theres no discussion on what happened yesterday regarding the false report of a BTC ETF approval from Cointelegraph. BTC pumped 5% yesterday on the fake news and i bet some insiders made a nice wedge from the move. The cynic in me fears yesterday will be used as an argument against ETF approval, but maybe im just jaded from the bear market. Dont worry. China will ban bitcoin soon, again, that will crash the price back down again. Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted October 18, 2023 Share Posted October 18, 2023 On 15/10/2023 at 23:08, markyh said: Well done GrayScale. Theyn need a spot Bitcoin ETF, as they hold a shitload of actual Bitcoin. Will do womders for other big physical holders too, like Microstrategy. The institutions are coming... 16 hours ago, cattius said: Wow, im surprised theres no discussion on what happened yesterday regarding the false report of a BTC ETF approval from Cointelegraph. BTC pumped 5% yesterday on the fake news and i bet some insiders made a nice wedge from the move. The cynic in me fears yesterday will be used as an argument against ETF approval, but maybe im just jaded from the bear market. Plenty of discussion on BT. Intern probably made a pile longing the market. I hear you but the SEC cannot hold off much longer, before 2024 is out - and probably earlier - the spot ETF is likely to be approved. It brings a range of challenges in terms of paper bitcoin but let's hope BLK et al will not play this game as they're likely to get rekt eventually. There is also a risk of centralisation. You don't own bitcoin if you fail to self-custody. Education and new solutions are required to remove the friction. Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted October 18, 2023 Share Posted October 18, 2023 Quote Link to comment Share on other sites More sharing options...
Lagarde's Drift Posted October 18, 2023 Share Posted October 18, 2023 10 hours ago, Buffer Bear said: The institutions are coming... Plenty of discussion on BT. Intern probably made a pile longing the market. I hear you but the SEC cannot hold off much longer, before 2024 is out - and probably earlier - the spot ETF is likely to be approved. It brings a range of challenges in terms of paper bitcoin but let's hope BLK et al will not play this game as they're likely to get rekt eventually. There is also a risk of centralisation. You don't own bitcoin if you fail to self-custody. Education and new solutions are required to remove the friction. Majority of normal people will need to hold by proxy, just like most people own stocks. Quote Link to comment Share on other sites More sharing options...
Pop321 Posted October 18, 2023 Share Posted October 18, 2023 I am a Bitcoin sceptic but completely understand and agree the general concept that fiat is doomed. So I moved into commodities, energy, inflation protected equities, some geopolitical investments in parts of the world I believe will do ‘fairly well’ and have sold two properties. My investments are doing splendidly but I have some genuine concerns over the financial system and even ownership rights of equities….and am looking at assets outside the financial systems. ie art and gold. These assets are NOT investments they are a pure hedge against inflation and quite happy to lose 20/30/40/50% if cash loses 99% So….as a Bitcoin sceptic is there something really brief that explains to me why Bitcoin can’t or won’t be replaced. Gold can’t be made…I tried it, didn’t work😆, but I understand it… pros and cons. So this isn’t a Gold v Bitcoin v art question. It isn’t a challenge but it’s a genuine question looking for a simplistic answer as to how the non tangible (as I see it) Bitcoin is worth its £21k. What’s to stop a new similar currency to be developed….and the ‘following’ for Bitcoin shift I absolutely understand central bank digital isn’t even nearly Bitcoin….it will just get ‘printed’ even faster than paper money. So I know the faults of the other options it’s just trying to understand that Bitcoin is the answer I am here because some of the macros guys I do respect (oil specialists) do reference Bitcoin a fair bit….so I need to understand it. However answers tend to be defensive, dismissive or 20 pages long. I may need to read the 20 pages but it isn’t Bitcoin I have the issue with….I think it’s the replacement that might be developed and supersede it (if that makes sense) Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted October 18, 2023 Share Posted October 18, 2023 8 minutes ago, Pop321 said: I am a Bitcoin sceptic but completely understand and agree the general concept that fiat is doomed. So I moved into commodities, energy, inflation protected equities, some geopolitical investments in parts of the world I believe will do ‘fairly well’ and have sold two properties. My investments are doing splendidly but I have some genuine concerns over the financial system and even ownership rights of equities….and am looking at assets outside the financial systems. ie art and gold. These assets are NOT investments they are a pure hedge against inflation and quite happy to lose 20/30/40/50% if cash loses 99% So….as a Bitcoin sceptic is there something really brief that explains to me why Bitcoin can’t or won’t be replaced. Gold can’t be made…I tried it, didn’t work😆, but I understand it… pros and cons. So this isn’t a Gold v Bitcoin v art question. It isn’t a challenge but it’s a genuine question looking for a simplistic answer as to how the non tangible (as I see it) Bitcoin is worth its £21k. What’s to stop a new similar currency to be developed….and the ‘following’ for Bitcoin shift I absolutely understand central bank digital isn’t even nearly Bitcoin….it will just get ‘printed’ even faster than paper money. So I know the faults of the other options it’s just trying to understand that Bitcoin is the answer I am here because some of the macros guys I do respect (oil specialists) do reference Bitcoin a fair bit….so I need to understand it. However answers tend to be defensive, dismissive or 20 pages long. I may need to read the 20 pages but it isn’t Bitcoin I have the issue with….I think it’s the replacement that might be developed and supersede it (if that makes sense) Look at the massive growing pile of deal alt coins. Theres your answer, people try and replace bitcoin several times a day. all fail. there is only one bitcoin. It’s digital gold. Quote Link to comment Share on other sites More sharing options...
Jonesy74 Posted October 18, 2023 Share Posted October 18, 2023 4 hours ago, Pop321 said: I am a Bitcoin sceptic but completely understand and agree the general concept that fiat is doomed. So I moved into commodities, energy, inflation protected equities, some geopolitical investments in parts of the world I believe will do ‘fairly well’ and have sold two properties. My investments are doing splendidly but I have some genuine concerns over the financial system and even ownership rights of equities….and am looking at assets outside the financial systems. ie art and gold. These assets are NOT investments they are a pure hedge against inflation and quite happy to lose 20/30/40/50% if cash loses 99% So….as a Bitcoin sceptic is there something really brief that explains to me why Bitcoin can’t or won’t be replaced. Gold can’t be made…I tried it, didn’t work😆, but I understand it… pros and cons. So this isn’t a Gold v Bitcoin v art question. It isn’t a challenge but it’s a genuine question looking for a simplistic answer as to how the non tangible (as I see it) Bitcoin is worth its £21k. What’s to stop a new similar currency to be developed….and the ‘following’ for Bitcoin shift I absolutely understand central bank digital isn’t even nearly Bitcoin….it will just get ‘printed’ even faster than paper money. So I know the faults of the other options it’s just trying to understand that Bitcoin is the answer I am here because some of the macros guys I do respect (oil specialists) do reference Bitcoin a fair bit….so I need to understand it. However answers tend to be defensive, dismissive or 20 pages long. I may need to read the 20 pages but it isn’t Bitcoin I have the issue with….I think it’s the replacement that might be developed and supersede it (if that makes sense) It’s the network effect. Another bitcoin is easy, just fork it, but you won’t have the usage, recognition or confidence that there is in bitcoin. Bitcoin does everything that is needed as a form of money and store of value and will be harder to replace than fiat Quote Link to comment Share on other sites More sharing options...
Pop321 Posted October 19, 2023 Share Posted October 19, 2023 16 hours ago, jiltedjen said: Look at the massive growing pile of deal alt coins. Theres your answer, people try and replace bitcoin several times a day all fail. there is only one bitcoin. It’s digital gold. 12 hours ago, dannyf said: It’s the network effect. Another bitcoin is easy, just fork it, but you won’t have the usage, recognition or confidence that there is in bitcoin. Bitcoin does everything that is needed as a form of money and store of value and will be harder to replace than fiat Thanks guys, I have read a fair bit and I think your answers summarise nicely what I am finding....when its on 20 pages I just keep thinking is that it? Money/Currency itself is a really tricky subject i.e. as opposed to finance which makes more sense. But when its simplified like in your response it actually makes more sense. Difficult to replicate and wider acceptance are really important. Its now a call for me as to whether I believe BTC will be 'the one' or whether it will be superseded or governments try to intervene. I mean that in the same context as with anything at the moment and I mean absolutely everything (oil, gas, shares, gold, currency, telecoms, wars, lockdowns) knowing what should happen and what will happen due to government corruption and manipulation are very different things. Quote Link to comment Share on other sites More sharing options...
erat_forte Posted October 19, 2023 Share Posted October 19, 2023 Gold is not really very useful, it has monetary value mainly because everyone knows what it is and wants it. I think Bitcoin's value works similarly. It is a clever bit of coding, with a clever name, and everyone knows what it is, and enough people want some to give it real value. I suppose it is possible that everyone could get bored and Bitcoin could become a tech novelty like AOL CD-ROMs, worth no more than the effort of keeping them in a box. Maybe one day there will be collectors or hobbyists who will show off their working bitcoin mining rig - look it can still connect to other nodes! Lets try and make a transaction! - A bit like nowadays having a 56k dialup modem and being able to dial up to an ISP's telephone number. Not worth doing except for the retro hobbyist fun. Against that is the idea that Bitcoin is the kind of "genius idea" that is so clever it has lasting use, a bit like the idea of "money" or the idea of writing. Anyone interested enough to read this thread surely is interested enough to set up the software and buy say £100 worth. Worst case scenario - you are down £100 and have learned something about tech and money. Quote Link to comment Share on other sites More sharing options...
Lenelby Posted October 19, 2023 Share Posted October 19, 2023 @Pop321 I don’t know if you’ve read this report by Fidelity but it is quite a good explanation of bitcoin’s unique properties. You can download it for free https://www.fidelitydigitalassets.com/research-and-insights/bitcoin-first-revisited Quote Link to comment Share on other sites More sharing options...
Huggy Posted October 23, 2023 Share Posted October 23, 2023 (edited) On 10/03/2023 at 09:36, PalmerEldritch said: This aged well… On 10/03/2023 at 09:42, Huggy said: But it's another troll trap. I'll laugh at you in 1-6 months when it's 25 grand, and you'll shake your fist at me, and then we'll have a beer The year after, I'll retire off it (maybe) It took 7 months in the end... Maybe it'll be 2025 that I'll retire instead then Edited October 23, 2023 by Huggy Quote Link to comment Share on other sites More sharing options...
RodCrosby Posted October 23, 2023 Share Posted October 23, 2023 (edited) $31k later... $31.5k Edited October 23, 2023 by RodCrosby Quote Link to comment Share on other sites More sharing options...
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