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Who had that Bitcoin target price prediction?
- Thread starter Subway
- Start date
Yeah, posts like that are my signal that maybe the good times will be coming to a close soonbuy pretty much anything a couple years ago!
To be clear, I think crypto is here for the long haul but we are due for a major correction. My sister follows this a lot closer than me and says that all the hardcore crypto nerds are predicting a peak of BTC around $72k-ish, a sell off and funneling into Alts, an Alt peak, then a long crypto winter.
I hope this is not a ploy to convince us to keep holding the alt bags
Buy the interesting ones that actually serve purposes that can’t be served in any other way. Like giant back room transfers. AI empowered coins that optimize energy use. It’s endlessly fascinating how quickly and how many of these crazy uses are arising and “problems” are being solved as a result of the whole onset of block chain ledgers and all the rest. It’s not just about BTC giving governments fiat currency a giant digital middle finger. That may have been how it started, but that’s like investing in “electricity” when Ben Franklin got zapped by a bolt of lighting whilst flying a kite, long before Nikolai Tesla and Edison came along. This is still in its infancy
If I knew anything, that is totally what I would be saying. But, since I know nothing, I can save my breath.
However, in spite of my ignorance I do know a few people who know a lot. One of them was just talking about this...
Zero
zer0.io
I don't really care one way or the other about Zero, but I thought this was super interesting...
"System (zOS), including the Zero Name Service (ZNS), zDAO, zChain, Ethereum and Filecoin/IPFS are the primary technologies that comprise the Zero Stack"
Seems like you can't hardly swing a dead cat anymore without smacking a project that is using IPFS. I'm thinking Filecoin looks very interesting for buy and hold, hold, hold, hold.
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That's what I've been saying for like a year or more now.Yeah, posts like that are my signal that maybe the good times will be coming to a close soon
Everybody and their stepmom owns crypto now.
It's a huge bubble.
Don't be greedy, be happy with what you earn, get out now.
Seriously, sell it all today.
This is how you make money at the casino too.
you talk of something that you have no knowledge of
blockchain (crypto) will become a prominent force in the way the world runs in the future
without investing you'll never become wealthy.
life's a gamble and nobody gets out alive
So? You do that all the time.
I never said otherwise.
It's still a massive bubble.
You were still in your daddy's balls during the dot com bubble, weren't you?
At least the Pets.com sock puppet is maybe(?) still worth something:
Pets.Com Famous Sock Puppet Interview Dog Collectible Vintage Never Removed | eBay
<p>Pets.Com Famous Sock Puppet Interview Dog Collectible Vintage Never Removed. Brand new, never opened! Box has bend it in as seen in photos. Please message for questions! </p>
www.ebay.com
I do invest.
Being wealthy has never really interested me.
This is why I only work 3 days a week.
Don't need more stuff.
Well yeah.
so you've been saying it's a bubble for a year, meaning Bitcoin would have been $1600 and ETH $460.
today Bitcoin is $66000 and ETH is $4600.
i hope no one listened to you at the time.
keep calling the top and i suppose eventually you'll be right.
it's as if you don't understand that everyone and their step mom owning crypto is great for the price of crypto...
also, in reality it's only like 13% of Americans who own crypto and it's mostly young men.
but when have tech savvy young men ever been ahead of the curve on anything?
I'm only a few years younger than you 1988
The point of being wealthy isn't to acquire more stuff, maybe for many others it is. To the non materialistic it affords you more time to do things you enjoy and not have to deal with idiots on the daily.
a 401k is a farce, you pay management fees that eat into your returns substantially. employers don't "match", they factor that in when negotiating your comp
it's been proven that fund managers rarely outperform the market
you'll get a lifetime of index fund gains in a few years with crypto. it's been going boom and bust every few years for the last decade, plan accordingly. open your eyes, doesn't matter if it's a bubble. you don't have to "ethically align" with any technology to reap the rewards on offer
I think those jpeg NFTs are like beanie babies because they don't have any use case besides looking cool to impress others
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Then you're too young to remember every guy in their 20s/30s/40s circa 1999 telling you that you need to be investing your busboy tips in nanotechnology lol.
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there's so much information out there if you actually look, it's not pre internet era where you had to visit the library for a book that was 10yrs out of date. I graduated high school a few years before the financial collapse of 08', definitely familiar with the bubbliness the whole market is currently in. doesn't mean you can't 5x your money in a short amount of time and pull out before you end up paying child support.
using robinhood bitcoins look way expensive only have 5k. can i buy just a part? also where's the cheep crypto's these all look pricey
@LifeOnMars
@LifeOnMars
Cheap is relative because yes, you can buy fractionals. Price/coin means nothing, it's the market cap that makes it "expensive". RobinHood is generally recognized as amateur crap (see GME debacle) so you probably won't get any help with that here.
ggogled GME coin is $202. do u rec spedning all 5K there? its only lik 25 coins. prob need more coins for the money ?
Not what I meant. Robinhood blocked GME trades during the Game Stop short squeeze earlier this year. They probably didn't have the liquidity to cover it. Not an exchange I would want to use for anything, especially for crypto near the top of the market.
I'm sure you could find youtube videos on how to buy fractional coins on robinhood. There should be an option for buying a fixed dollar amount of your choice.
Lots of suggestions for coins in this thread. Check their stats here: https://coinmarketcap.com/
In theory, anything that already has a high market cap has less potential room to grow BUT is also popular and can still go logarithmic if it becomes the new BTC or ETH. SOL, LUNA and AVAX seem like contenders for that. Smaller coins with <$5B market cap have a greater potential if they go big but may lack the momentum to get there and by default most never will. DYOR