Crypto 100k Bitcoin in next 3 years.

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

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  1. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    This really is a conversation between 2 deaf sides.
     
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  2. hammer

    hammer Well-Known Member

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    Amen.

    Dudes....someone says tomayto, someone else says tomarto...

    Bitcoin has proven to be risky as hell but the trend is up. You're all right!

    Same as shares....if you spend 5 months in the market and speculate chances are you'll get burned ..spend 5-10 years and the outlook should be much better or not. It's a risk, like anything.

    No point arguing about it on an anonymous forum.
     
    Last edited: 31st Oct, 2019
  3. Zenith Chaos

    Zenith Chaos Well-Known Member

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    The trend in tulips was up until it wasn't.

    My problem with blockchain cryptocurrencies is there is nothing much stopping me starting my own and therefore what is the intrinsic value?
     
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  4. Joseph

    Joseph Well-Known Member

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    Effectively no form of money today has intrinsic value (at least not to the degree it is valued at when exchanged). All value is applied externally by a network of participants prepared to hold and use it, based on it's properties.

    Who and why would someone choose to own and use $ZCT (Zenith Chaos Token)?
     
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  5. hammer

    hammer Well-Known Member

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    Nothingis stopping you.

    What Bitcoin (and a few of the others) have going for them is infrastructures and social capital.

    For a crypto to work you need people to get behind it in development and use.

    Also access to 3000 billion million zillionpetaflops of processing power doesn't hurt either....
     
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  6. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    Anyone still paying attention?
     
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  7. Danieljk101

    Danieljk101 Well-Known Member

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    Still here and still checking price 20 times a day..

    BSV scam pump is kinda annoying though...
     
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  8. Ouga

    Ouga Well-Known Member

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    A bit surprised the BTC price didn't dip further over the last 6 months, but its not over yet I suppose!
     
  9. Ouga

    Ouga Well-Known Member

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    Back over USD$10K now, there seems to be a bit of momentum too
     
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  10. Redwing

    Redwing Well-Known Member

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    How many coins do you have?

    Can you have part/fractional coins :confused:?
     
  11. Ouga

    Ouga Well-Known Member

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    yes of course absolutely!
    You could very well have 0.0001 BTC

    if you wanted to put in say USD$1000 today, you could purchase 0.1BTC.

    I think it goes up to 8 digits beyond the decimal.
     
  12. Michael.Knight

    Michael.Knight Well-Known Member

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    My prediction is USD $14k price by end of 2020...
     
  13. Paul@PFI

    [email protected] Tax Accounting + SMSF Business Plus Member

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    Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.
    To gauge that value its approx 1.5cents AUD divided by 100.
     
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  14. albanga

    albanga Well-Known Member

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    I’m still all in on IOTA.
    Purchased at a few price points early days but still well down on my investment. Price is nearing my initial buy-in.

    I feel the project still has a heck of a lot of upside. Very long term play but still doesn’t stop me from checking in daily to hope for a green arrow.
     
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  15. Joseph

    Joseph Well-Known Member

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    +1 (but I own IOTA & added Bitcoin as a hedge early last year), I am back around break even in crypto after averaging down.

    I think IOTA has a team / vision / product which is much more likely to solve real problems than any other DLT I have seen and the corporate interest shown seems to confirm that.

    If their new consensus mechanism works as anticipated in production then I think it offers the best risk:reward in the space (it's a big IF though ;)).
     
  16. Piston_Broke

    Piston_Broke Well-Known Member

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    There are still a few billions that need to be taken out of bitcoin by scammers, so I think chances of another run up are high.
     
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  17. Michael.Knight

    Michael.Knight Well-Known Member

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    Quite a few scammers pushing cash too... in the trillions... Governments around the world still printing money so the stockmarket and property will probably pump higher this year... Watch out for those ponzi schemes everyone!
     
  18. Redwing

    Redwing Well-Known Member

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  19. Piston_Broke

    Piston_Broke Well-Known Member

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    Cash is legal tender.
    Bitcoin so far is a big ponzi scheme and a scam fest that people around the world have poured into it, and trillions disappeared. Gone.
    The exchanges were mostly scams. Fake trades and data.
    Many cloud miners were ponzis.
    USI, Bitconnect all ponzi scams.
    It's terrible as a currency.

    All these scammers need to take their money out of BC and exchange it for real money.
    It looks like they are selling above 10k. Thousands of BC worth hundreds of mils.
    Here is one of the scam accts. All gone
    1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq - Bitcoin address
    NiceHash or nicehack . $80 Million Hacked in Bitcoin : 1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq — Steemit
    It can actually be traced if they want to, but the don't seem to.
    So why take part in a currency that doesn't chase criminal.


    I actually liked the concept in the white paper, but that doesn't mean it works in the real world.
     
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  20. charttv

    charttv Well-Known Member

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    stop talking so much sense. Magic internet ponzi beans are the future and I will hear nothing to the contrary hahahaha.