Buy Bitcoin

[K D]

Do it now. Yes, it's the most expensive it's ever been. Trust me, you can still get in on this. Once the US government creates a Bitcoin reserve, all other countries will need to as well to keep pace. This will be the greatest wealth transfer in history. 1 Bitcoin is likely going to be worth over $1 million. There's only 21 million forever and a bunch has already been lost. There's more millionaires in the US alone than there are available Bitcoin. Not to mention the rest of the world.

 

It will likely hit 100k in the next few weeks and possibly 200-500k by next year. I've been telling friends and family since it was 5k to buy some. I had a chance to buy at $800 but I didn't understand it at the time. It's a store of value like gold. I've had friends buy alt coins thinking they already missed the Bitcoin boat so maybe they would get lucky with those but they aren't worth keeping long term. Go for the real thing. This is not financial advice. Ignore at your own risk.

 

 

[K D]

 

 

[rusty shackleford]

It is much more volatile and speculative than traditional investments but is worth it to have some exposure for it in your portfolio if you can absorb the higher risk. Buying a whole bit coin is expensive, but it is easy to get exposure through an ETF that holds only Bitcoin as it's asset. Gives the ability to invest just small increments there and still get the benefits (similar to ETFs on all sorts of commodities). 

[BillsFanNC]

 

[T master]

On 11/14/2024 at 12:26 PM, K D said:

Do it now. Yes, it's the most expensive it's ever been. Trust me, you can still get in on this. Once the US government creates a Bitcoin reserve, all other countries will need to as well to keep pace. This will be the greatest wealth transfer in history. 1 Bitcoin is likely going to be worth over $1 million. There's only 21 million forever and a bunch has already been lost. There's more millionaires in the US alone than there are available Bitcoin. Not to mention the rest of the world.

 

It will likely hit 100k in the next few weeks and possibly 200-500k by next year. I've been telling friends and family since it was 5k to buy some. I had a chance to buy at $800 but I didn't understand it at the time. It's a store of value like gold. I've had friends buy alt coins thinking they already missed the Bitcoin boat so maybe they would get lucky with those but they aren't worth keeping long term. Go for the real thing. This is not financial advice. Ignore at your own risk.

 

 

 

 

Sorry but that stuff strikes me as being a lot like fantasy football, you invest a lot your time then with that money & as far as anything tangible you never actually have just something that says you have it . Not to mention alls they have to do is hit a button & you can be shut down instantly with little or no recourse .

 

I just don't understand how you can buy something that doesn't actually exist ? So i'll watch from the sideline and watch you get rich . Enjoy .

[All_Pro_Bills]

15 minutes ago, T master said:

 

Sorry but that stuff strikes me as being a lot like fantasy football, you invest a lot your time then with that money & as far as anything tangible you never actually have just something that says you have it . Not to mention alls they have to do is hit a button & you can be shut down instantly with little or no recourse .

 

I just don't understand how you can buy something that doesn't actually exist ? So i'll watch from the sideline and watch you get rich . Enjoy .

I think its a wild "risk on" speculation where most of the smart money is selling on the way up and the trend now is driven by big institutional holders selling to transfer risk to the retail investor commonly referred to as "bag holders" that are enthusiastically front running a market drop. 

[K D]

43 minutes ago, T master said:

 

Sorry but that stuff strikes me as being a lot like fantasy football, you invest a lot your time then with that money & as far as anything tangible you never actually have just something that says you have it . Not to mention alls they have to do is hit a button & you can be shut down instantly with little or no recourse .

 

I just don't understand how you can buy something that doesn't actually exist ? So i'll watch from the sideline and watch you get rich . Enjoy .

 

11 minutes ago, All_Pro_Bills said:

I think its a wild "risk on" speculation where most of the smart money is selling on the way up and the trend now is driven by big institutional holders selling to transfer risk to the retail investor commonly referred to as "bag holders" that are enthusiastically front running a market drop. 

Yep totally fine. People have been saying this stuff to me since Bitcoin was $1,000. But I thought maybe once it hits $10,000 they will change their minds? Nope. $100,000? Guess not. $1,000,000? At what point does the fake internet money become real?

Edited December 5 by K D

[Motorin']

17 minutes ago, K D said:

At what point does the fake internet money become real?

 

When you sell it for real money. 

 

Someone that bought 10,000 Bitcoins in 2010 for five cents per coin spent $500 and now has 1 Billion dollars...

 

 

[All_Pro_Bills]

8 minutes ago, K D said:

 

Yep totally fine. People have been saying this stuff to me since Bitcoin was $1,000. But I thought maybe once it hits $10,000 they will change their minds? Nope. $100,000? Guess not. $1,000,000? At what point does the fake internet money become real?

I've heard the infinity and beyond story many times and it generally never occurs to people that the easy money has been made and the law of large numbers is working against them and also advise against linear thinking. That's the belief that a trend in place will continue in the same direction at the same rate forever. If I had any positions left in bitcoin or other cyber currencies I'd probably sell 1/2 and let the rest ride for now. In general, I feel markets are currently priced for perfection and are ignoring virtually all risks of anything going wrong.

[US Egg]

After two divorces was in deep debt. I married again, wife took over all finances, got me out of debt. I handle no money.
 

In 2017 had enough to move into something where we wouldn’t “miss it”. I suggested gold or Bitcoin, no to both.
 

We’re still married.

[Tiberius]

11 minutes ago, Motorin' said:

 

When you sell it for real money. 

 

Someone that bought 10,000 Bitcoins in 2010 for five cents per coin spent $500 and now has 1 Billion dollars...

 

 

That's a good point. And that point does extend to stocks, also. Tesla is up 28,000 % since like 2016, as an example. 

 

I don't own any bitcoin and probably won't. The regular stock market is, and has been, pretty much on fire fore years now, so there is money to be made all over the place. Bitcoin benefits from all the publicity it gets. 

[K D]

30 minutes ago, Motorin' said:

 

When you sell it for real money. 

 

Someone that bought 10,000 Bitcoins in 2010 for five cents per coin spent $500 and now has 1 Billion dollars...

 

What if you don't want dollars though? 1 Bitcoin is always equal to 1 Bitcoin so why would anyone ever sell their Bitcoin? There's only 21 million forever. There's more millionaires in America alone than there are bitcoins. Not everyone can have one.

[T master]

18 hours ago, US Egg said:

After two divorces was in deep debt. I married again, wife took over all finances, got me out of debt. I handle no money.
 

In 2017 had enough to move into something where we wouldn’t “miss it”. I suggested gold or Bitcoin, no to both.
 

We’re still married.

 

My journey is something like yours just backwards from you, after 2 lengthy relationships that ended i found myself broke , no money and living pay check to pay check, so now i do all of my money own stuff !

 

I wouldn't mind investing in something but now that i have a bit of something would rather not lose it & i'm not a gambler at all !! 

 

But now It's amazing, after i took over my financials i have cars, a bike, a house, and other toys & it's all paid for, i owe no one anything ! Glory to god for it !!!

 

 

[Motorin']

18 hours ago, K D said:

What if you don't want dollars though? 1 Bitcoin is always equal to 1 Bitcoin so why would anyone ever sell their Bitcoin? There's only 21 million forever. There's more millionaires in America alone than there are bitcoins. Not everyone can have one.

 

Sure, I get that. You could just pay for everything with a credit card and when the bill is due, sell just enough BTC to pay the balance. 

 

[Tiberius]

 

[The Frankish Reich]

Still relevant, 177 years later. Bitcoin as the newest, fanciest tulip bulb?

 

https://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds

 

The first volume begins with a discussion of three economic bubbles, or financial manias: the South Sea Company bubble of 1711–1720, the Mississippi Company bubble of 1719–1720, and the Dutch tulip mania of the early seventeenth century. According to Mackay, during this bubble, speculators from all walks of life bought and sold tulip bulbs and had even declared futures contracts on them. Allegedly, some tulip bulb varieties briefly became the most expensive objects in the world during 1637.

[K D]

29 minutes ago, The Frankish Reich said:

Still relevant, 177 years later. Bitcoin as the newest, fanciest tulip bulb?

 

https://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds

 

The first volume begins with a discussion of three economic bubbles, or financial manias: the South Sea Company bubble of 1711–1720, the Mississippi Company bubble of 1719–1720, and the Dutch tulip mania of the early seventeenth century. According to Mackay, during this bubble, speculators from all walks of life bought and sold tulip bulbs and had even declared futures contracts on them. Allegedly, some tulip bulb varieties briefly became the most expensive objects in the world during 1637.

Yes they said these things when it was about to hit 10k. Now it's over 100k. They will say it again when it's about to hit $1 million.

[The Frankish Reich]

Just now, K D said:

Yes they said these things when it was about to hit 10k. Now it's over 100k. They will say it again when it's about to hit $1 million.

Good for you! No, really. 

I don't begrudge people making money on highly speculative investments trades. I do hope they understand the risks. It sounds like you do, in a way at least.

At some point all of this is like the meme stock thing. The "greater fool" theory of investing.

 

My prediction: I just saw a guy on CNBC saying he can't see what stops Bitcoin. I may have better vision. Here's what I see: something really, really bad will happen. We already saw it with the almost-collapse of Tether the first time around. Or there will be something like a terrorist attack on U.S. soil (or even European soil; sadly, nobody seems to care much about the soil of other continents) that was funded through big Bitcoin transfers. And then crypto will become subject to the same rules it has skirted so far - the rules that apply to all other money exchanges. 

 

So be careful out there!

[Irv]

 I don't even know what a bitcoin is.  What a mess.  

[K D]

1 minute ago, The Frankish Reich said:

Good for you! No, really. 

I don't begrudge people making money on highly speculative investments trades. I do hope they understand the risks. It sounds like you do, in a way at least.

At some point all of this is like the meme stock thing. The "greater fool" theory of investing.

 

My prediction: I just saw a guy on CNBC saying he can't see what stops Bitcoin. I may have better vision. Here's what I see: something really, really bad will happen. We already saw it with the almost-collapse of Tether the first time around. Or there will be something like a terrorist attack on U.S. soil (or even European soil; sadly, nobody seems to care much about the soil of other continents) that was funded through big Bitcoin transfers. And then crypto will become subject to the same rules it has skirted so far - the rules that apply to all other money exchanges. 

 

So be careful out there!

Bitcoin has been around since 2011. It's not a new fad. I think what people don't understand is that it's not about how many dollars it's worth, it's about how many Bitcoin you have. It's worth something in every country. BRICS is already moving towards not using dollars anymore so I think anyone who keeps their money in American currency are the ones taking the chance. I'd rather own Bitcoin, and to a lesser extent gold, than American dollars. You need to hedge your investments. Don't keep it all in real estate, 401k, cash, whatever it may be. 5-10% of your net worth is a pretty safe bet.