Ben "Bitcoin" Askren

Not long ago, Bitcoin was around 3K if I'm not wrong. I wanted to buy a couple, but I thought that the momentum was over...oh well...
 
wearetheromans said:
Bitcoin is another diseased symptom of capitalism. Assigning value arbitrarily to something inherently worthless out of thin air. Shitbags getting rich off doing nothing other than buying an invisible ghost coin will just bring forward the revolution.
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It has fundamental value, most people just don't understand what it is. I was just as incredulous when I first heard of it in 2013 but I learned about it, bought some and have done well ever since. Very well.
 
Captain Herb said:
It has fundamental value, most people just don't understand what it is. I was just as incredulous when I first heard of it in 2013 but I learned about it, bought some and have done well ever since. Very well.
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PM your winning trades and/or buy and sell points.

<DCWhoa>
 
Koloth said:
Dont be lying to people.
You're a sherdogger, bro.
A fucking sherdogger.
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Ironically. it was Sherdog that led me to it. I got into MMA, I started betting online and that's when I heard about it.
 
SSgt Dickweed said:
PM your winning trades and/or buy and sell points.

<DCWhoa>
Click to expand...
I've stopped trading now that we're in a new bull market cycle. I've learned to just hold your position and buy the dips if possible in this situation. Trading works well in a consolidating market like we've had in the last several years but you'll just lose your position if you try to get too clever in a bull market. This market is extremely bullish and caught a lot of people by surprise, myself included. I'm looking at 40K min to 80K+ for this cycle.
 
Captain Herb said:
I've stopped trading now that we're in a new bull market cycle. I've learned to just hold your position and buy the dips if possible in this situation. Trading works well in a consolidating market like we've had in the last several years but you'll just lose your position if you try to get too clever in a bull market. This market is extremely bullish and caught a lot of people by surprise, myself included. I'm looking at 40K min to 80K+ for this cycle.
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When do you see it peaking? And would you suggest to buy and sell with leverage?
 
SSgt Dickweed said:
When do you see it peaking? And would you suggest to buy and sell with leverage?
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Historically, its been about a year after halving, so sometime later next year? I wouldn't leverage more than 2x unless you're a degenerate gambler. Keep in mind, during these cycles, the price has crashed periodically which wipes out high leveraged positions.
 
wearetheromans said:
Bitcoin is another diseased symptom of capitalism. Assigning value arbitrarily to something inherently worthless out of thin air. Shitbags getting rich off doing nothing other than buying an invisible ghost coin will just bring forward the revolution.
Click to expand...
It’s evident you haven’t got a clue what you’re talking about
 
VodkaDrunkenski said:
It’s evident you haven’t got a clue what you’re talking about
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And your response makes it evident that neither do you. There are clearly grave issues related to negative externalities of cryptocurrencty generation, especially bitcoin mining, without even getting into the utter lack of value-driven distribution. Its a technocratic & libertarian fever dream, which, while - as these things tend to do - making a few fabulously wealthy, leaves the grest majority in the dust and is utterly lacking in a coherent vision for a betterment for everyone. Shit, even Nozick/Locke'ians couldnt possibly justify the primary acquisition of cryptocurrency by GPU mining. It's laughable, really :D
 
There was this handsome poster here named WorldofWarcraft who made a thread years ago BEGGING people to buy Bitcoin when they were selling for $13 each.

Instead, he was ridiculed.. kicked to the curb... Bitcoin is trash, they said... nobody took his advice.
 
Bornstarch said:
There was this handsome poster here named WorldofWarcraft who made a thread years ago BEGGING people to buy Bitcoin when they were selling for $13 each.

Instead, he was ridiculed.. kicked to the curb... Bitcoin is trash, they said... nobody took his advice.
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I miss the wizard threads.

hope you made a mint, bro. I remember that Bitcoin thread.
 
Koloth said:
And your response makes it evident that neither do you. There are clearly grave issues related to negative externalities of cryptocurrencty generation, especially bitcoin mining, without even getting into the utter lack of value-driven distribution. Its a technocratic & libertarian fever dream, which, while - as these things tend to do - making a few fabulously wealthy, leaves the grest majority in the dust and is utterly lacking in a coherent vision for a betterment for everyone. Shit, even Nozick/Locke'ians couldnt possibly justify the primary acquisition of cryptocurrency by GPU mining. It's laughable, really :D
Click to expand...

It's not as laughable as fiat currency, lol.......it's not even backed by physical
 
wearetheromans said:
Bitcoin is another diseased symptom of capitalism. Assigning value arbitrarily to something inherently worthless out of thin air. Shitbags getting rich off doing nothing other than buying an invisible ghost coin will just bring forward the revolution.
Click to expand...

*posted from my Apple Iphone.................

<Grimes01>
 
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