Crypto 100k Bitcoin in next 3 years.

Discussion in 'Other Asset Classes' started by jazzsidana, 30th Jul, 2019.

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  1. Nuncasuficiente

    Nuncasuficiente Well-Known Member

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    Last edited by a moderator: 10th Oct, 2021
  2. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    At the end of the day, it's all a more or less educated guess ... just like everything else.
    If one is genuinely interested in the topic, it is easy enough to research the case for having some exposure to the thing and then make one own mind.
     
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  3. PandS

    PandS Well-Known Member

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    Hang on the whole thing about bitcoin and all that is mistrust of government and governing bodies and regulator , they don't want anyone to know or touch it they want it to be anonymous.

    Bitcoin is a scammer and hacker gold mine, they do whatever and get away with it that the price of being anonymous.
    Even the exchange themselves are full of scammers

    There are so many people got scammed, hacked and steal with bitcoin they now want regulation around this stuff.

    I don't need the damn police until I need the police :oops:
     
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  4. Danieljk101

    Danieljk101 Well-Known Member

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    Ah actually it is different this time, never before have we had negative interest rates like we have in Europe. How attractive is it to hold dollars/ Euros etc when the bank charges you to hold your money, all while your government is in the midst of massive inflation / QE.
     
  5. Laker

    Laker Well-Known Member

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    The fundamentals are that it is the most secure network in the world by a long way. It is the hardest form of money ever. It is the only 100% completely decentralised currency. Governments continue to print money and raise the debt levels further. The US has printed more money in the last 2 weeks than they did in the GFC bailouts. Every country worldwide is heading to negative interest rates if they aren’t already. This is the value of bitcoin. Taking control of your own money which can’t be destroyed by any government.
     
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  6. MRO

    MRO Well-Known Member

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    The massive fluctuations in value totally go against this argument. I agree the government manipulate the value of traditional currency but speculators create far greater variances in bitcoin value. I understand the benefits but until there is any kind of stability this is useless as a currency
     
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  7. Michael.Knight

    Michael.Knight Well-Known Member

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    The asset class is only 10 years old. Give me a break!

    And it's an emerging technology priced since inception. Nothing in human history has ever had this. Not electricity, the telephone or the internet. So of course there is going to be fluctuations... That's a good thing for a startup asset because clearly there are people willing to invest in it!

    By the time it becomes as stable as gold or property that's when the market has found a stable price. And of course by then bitcoin would have mainstream adoption. And the investment opportunity potential would not be as great.

    Glass half full or half empty?
     
  8. Nuncasuficiente

    Nuncasuficiente Well-Known Member

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    Glass full of vodka!
    It will probably never compare to the stability of gold or property.

    Nun
     
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  9. Kevvy7

    Kevvy7 Well-Known Member

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    Love how you're talking about stability and the thing goes up 35% in 24 hours.
     
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  10. Michael.Knight

    Michael.Knight Well-Known Member

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    Stay away from bitcoin then and just enjoy your 2% pa gains...
     
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  11. Kevvy7

    Kevvy7 Well-Known Member

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    Bit ancy there buddy. Like most Crypto investors.
     
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  12. MRO

    MRO Well-Known Member

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    I will be heavily investing in a speculative 'investment' next Tuesday if you are interested. I have this great app that offers me returns of up to 1000% on my investment over a very short period of time. Similar returns and risk to Bitcoin but a bit more fun. Let me know if you are interested
     
  13. Hosko

    Hosko Well-Known Member

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    Isn't the whole nation interested in this.
    Only 1000% gains? If you don't get the first one right do you double down on the next one?
    If you do get the first one right for the day, how do you play the rest of the day?
    Hope you have a good day and enjoy it.
     
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  14. Michael.Knight

    Michael.Knight Well-Known Member

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    Has your speculative investment survived for over 10 years?

    Has your speculative investment resulted in countries, institutions and Wall Street investing in it?

    Why many people are investing in bitcoin

    China is boosting blockchain

    Wall street's Baakt and Starbucks

    Didn't think so...
     
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  15. Lindsay_W

    Lindsay_W Well-Known Member

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  16. Michael.Knight

    Michael.Knight Well-Known Member

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    Well it's been proven that if you bought bitcoin at any time in history in the last 10 years, only 5% of the time you would not have been profitable up until today...

    Bitcoin profitable days

    That doesn't look like gambling to me...

    How does this compare to the investing and speculation in property and stocks?

    I'd hate to have bought a house in Perth in 2006... It would still be 40% below its paid price...

    Even buying gold in 2012... Still down 33% today...

    Lets talk facts not fears.

    Life's a gamble... Get over it.
     
    Last edited: 30th Oct, 2019
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  17. MRO

    MRO Well-Known Member

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    We get it - you like bitcoin. The rest of us think it is a highly speculative 'investment' akin to gambling. You are unlikely to convince many of us and there really is no need to anyway. Suggesting it is a stable investment or useful currency will probably always result in the same negative comments.
     
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  18. Guest

    Guest Guest

    Not in Australia ;)

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  19. Michael.Knight

    Michael.Knight Well-Known Member

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    Sure each to their own of course :) But we are on a "100k bitcoin in 3 years thread"...

    That's why you probably need exposure to an assortment of asset classes over the long-term... For bitcoin, even if its only 1% of your portfolio, is probably a good idea.

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    And yes my bad, in Australian Dollars gold is at all-time-highs... However in US Dollars, the global reserve currency, the picture is different... Because the AUD has lost 42% of its value compared to the USD since 2011...

    ScreenHunter 45.png

    ScreenHunter 46.png
     
    Last edited: 30th Oct, 2019
  20. Redwing

    Redwing Well-Known Member

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