Bitcoin explosion and ALT coins thread

[thehighking]

It's not going to crash as bad like before though. To many institutions are backing it now.

I've been waiting for it to crash the last 6 months now. I think I've missed the boat. I decided to invest in Nio stocks instead.

 

[mmafan2000]

It's not going to crash as bad like before though. To many institutions are backing it now.

Well, nothing historically keeps climbing, everything dips.

 

[Hog-train]

It's not a matter of trying to block to the block chain distributed ledger system. If gov'ts felt they were losing control of the money supply they could do several things:

- make their own block chain currancy
- remove bitcoin, etherium, ... and others from traded exchanges.
- make illegal payments in bitcoin (and others).


They can't destroy the tech but never put it past those in power to lash out when they feel they are losing control.

- make their own block chain currancy

Might do this, but doesn't matter because adoption is the most important.

- remove bitcoin, etherium, ... and others from traded exchanges.

This won't happen because it won't stop exchanges from different parts of the world or decentralized exchanges.

Plus people can just use a VPN or proxy.

- make illegal payments in bitcoin (and others).

No way to enforce this.

 

[mmafan2000]

Its funny people just cling on to it to sell it later. Almost no one uses it to buy anything. The whole thing is so volatile and speculative. Then actually whenever it goes up it's impossible to sell.

 

[Hog-train]

Its funny people just cling on to it to sell it later. Almost no one uses it to buy anything. The whole thing is so volatile and speculative. Then actually whenever it goes up it's impossible to sell.

Can sell it with ease. What are you talking about?

 

[rj144]

I sold one so far, I believe it will continue to go up though. I believe there's around 4% of bitcoin actually circulating.

Soon it will be hard to get time off exchanges.

Yeah, but it's going to crash any second now. Why wouldn't you sell some now and pay off your house?

 

[rj144]

Its funny people just cling on to it to sell it later. Almost no one uses it to buy anything. The whole thing is so volatile and speculative. Then actually whenever it goes up it's impossible to sell.

I just cashed a ton I'm using to buy a house in the summer.

 

[Henry Swanson]

I just cashed a ton I'm using to buy a house in the summer.

Awesome. Congrats!

 

[My2Cents]

I just cashed a ton I'm using to buy a house in the summer.

That’s going to be an expensive house in a few years Not selling anything until it hits 100k

 

[kenetics]

Yeah, but it's going to crash any second now. Why wouldn't you sell some now and pay off your house?

I have alot of ethereum that I will sell before my Bitcoins.

I will only own 63k selling one Bitcoin.

I believe Bitcoin is going to go up regardless of it's correction in the next month or so.

 

[kenetics]

Well, nothing historically keeps climbing, everything dips.

It's called correction and your right. But it will never go under 10k again.

 

[griffithberserk]

35% of your crypto portfolio or 35% of your total investments portfolio?

35% of crypto portfolio

 

[rj144]

Awesome. Congrats!

Thanks, but it's not the whole house. It's part of the house.

 

[rj144]

That’s going to be an expensive house in a few years Not selling anything until it hits 100k

I didn't sell all of it. Just got my money invested out. I still have 200% of what I invested in there.

 

[lifelessheap]

i know i mean at 28k a coin $1000 @ 10 cents a coin would be $280,000,000.00 right now.

I was obsessed with them in 2007. It was either all in with BC or all in with a house. Lmao. I think it was like 13 cents at the time.

Bought the house and kinda want to suicide myself. Lmao. I was gonna buy 45 grand worth because of a thread on ign.com

The fucking Vesti almost convinced me to do it. Lmao.

Oh well

 

[rj144]

I was obsessed with them in 2007. It was either all in with BC or all in with a house. Lmao. I think it was like 13 cents at the time.

Bought the house and kinda want to suicide myself. Lmao. I was gonna buy 45 grand worth because of a thread on ign.com

The fucking Vesti almost convinced me to do it. Lmao.

Oh well

It didn't exist in 2007.

 

[lifelessheap]

It didn't exist in 2007.

Bought my house in 2009 or 08? Was it around that time?

I should find the thread on the Vesti on it

 

[mmafan2000]

Can sell it with ease. What are you talking about?

Of course you can, i mean it's mostly just a speculative commodity people hold for gain that they will never spend, just waiting for it to go up. You will not sell now, that's my point.

Too valuable to be a currency and too volatile for serious investors.

 

[rj144]

Bought my house in 2009 or 08? Was it around that time?

I should find the thread on the Vesti on it

It was almost 2010.

 

[rj144]

I mean now that it's high, you won't.

What? It takes two seconds to sell however much you like.