For the Bitcoin Bros - $400,000 in 2021?
https://www.forbes.com/sites/billybambrough/2021/04/08/bitcoin-price-prediction-why-bitcoin-could-rocket-to-400000-in-2021/?sh=77443b5b27a3
Also,
The precise cause of the early Saturday morning bitcoin price surge was not immediately clear, however, a cryptic tweet from Tesla TSLA +0.1% billionaire and bitcoin-buyer Elon Musk has spurred the $2 trillion cryptocurrency market higher.
"... going to moon very soon," Musk said via Twitter, shortly after the bitcoin price jumped, perhaps referencing the popular "bitcoin to the moon" meme and sparking speculation Musk's rocket company SpaceX could follow Tesla in adding bitcoin to its balance sheet.
https://www.forbes.com/sites/billybambrough/2021/04/10/moon-very-soon-cryptic-elon-musk-spurs-bitcoin-on-as-price-suddenly-blasts-past-60000-and-ethereum-hits-fresh-high/?sh=7150f33b4e0a
The bet is almost elegantly simple. You're not reading a balance or evaluating a business. You have $60,000 to invest - I do - and you throw it into this thing and basically cross your fingers.
Can someone talk me into, or out of, this?
@greenblood ???
Comments
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The price of it is so high that you have to put a ton of money in it to make much off of it. I bought some the other day (very small amount) more as a hedge on what's going on with the USD and concern about global currency, etc.
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I was so convinced crypto was this generation’s tulip craze. I’m kicking myself for not buying a little early on just for funsies.
Fuck me and my overly conservative investment strategies. -
I want to pull the trigger but I can't. I just can't.creepycoug said:Now, with many bitcoin and crypto analysts trying to call where the market top will be, a Bloomberg analyst has predicted the bitcoin price could hit $400,000 this year—even as Musk seems more interested in "joke" bitcoin rival dogecoin.
https://www.forbes.com/sites/billybambrough/2021/04/08/bitcoin-price-prediction-why-bitcoin-could-rocket-to-400000-in-2021/?sh=77443b5b27a3
Also,
The precise cause of the early Saturday morning bitcoin price surge was not immediately clear, however, a cryptic tweet from Tesla TSLA +0.1% billionaire and bitcoin-buyer Elon Musk has spurred the $2 trillion cryptocurrency market higher.
"... going to moon very soon," Musk said via Twitter, shortly after the bitcoin price jumped, perhaps referencing the popular "bitcoin to the moon" meme and sparking speculation Musk's rocket company SpaceX could follow Tesla in adding bitcoin to its balance sheet.
https://www.forbes.com/sites/billybambrough/2021/04/10/moon-very-soon-cryptic-elon-musk-spurs-bitcoin-on-as-price-suddenly-blasts-past-60000-and-ethereum-hits-fresh-high/?sh=7150f33b4e0a
The bet is almost elegantly simple. You're not reading a balance or evaluating a business. You have $60,000 to invest - I do - and you throw it into this thing and basically cross your fingers.
Can someone talk me into, or out of, this?
@greenblood ???
Bought some COIN this morning. They have 12% of the crypto market and make 0.5% per transaction. Their share of the market is expected to grow. Risks: Crypto market collapses. More competition enters the space drives the transaction fee lower.
Investment thesis. $2.2 trillion market and growing. First mover advantage and already profitable. $3B+ net 2021 income if they match the first quarter. Disrupter and backed by a lot of smart rich people. -
If it goes up to 400? What odds do we? need for that to happen before you roll $60,000? Unless I'm misunderstanding ... you need $60k for one bitcoin, right?BleachedAnusDawg said:The price of it is so high that you have to put a ton of money in it to make much off of it. I bought some the other day (very small amount) more as a hedge on what's going on with the USD and concern about global currency, etc.
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Did you buy from Coinbase?BleachedAnusDawg said:The price of it is so high that you have to put a ton of money in it to make much off of it. I bought some the other day (very small amount) more as a hedge on what's going on with the USD and concern about global currency, etc.
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I told you in the other thread that I was in. Time and place sweet cheeks.Doog_de_Jour said:I was so convinced crypto was this generation’s tulip craze. I’m kicking myself for not buying a little early on just for funsies.
Fuck me and my overly conservative investment strategies. -
Yes, and if that was a bad idea please be nice because I am just now dipping my toe in to the investment game. This is the most interesting bored on this site for me right now even though I don't understand half of the acronyms and hawt talk being passed around.Baseman said:
Did you buy from Coinbase?BleachedAnusDawg said:The price of it is so high that you have to put a ton of money in it to make much off of it. I bought some the other day (very small amount) more as a hedge on what's going on with the USD and concern about global currency, etc.
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Yeah, $60+k right now for one coin. If I had a million in the bank $60k would still be too big a risk to me. I don't have the funds to do much gambling versus long-term security right now.creepycoug said:
If it goes up to 400? What odds do we? need for that to happen before you roll $60,000? Unless I'm misunderstanding ... you need $60k for one bitcoin, right?BleachedAnusDawg said:The price of it is so high that you have to put a ton of money in it to make much off of it. I bought some the other day (very small amount) more as a hedge on what's going on with the USD and concern about global currency, etc.
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No. Not all. I bought some Coinbase stock this morning. I love the company and its potential. THE CNBC app has some video clip interviews about COINBASEBleachedAnusDawg said:
Yes, and if that was a bad idea please be nice because I am just now dipping my toe in to the investment game. This is the most interesting bored on this site for me right now even though I don't understand half of the acronyms and hawt talk being passed around.Baseman said:
Did you buy from Coinbase?BleachedAnusDawg said:The price of it is so high that you have to put a ton of money in it to make much off of it. I bought some the other day (very small amount) more as a hedge on what's going on with the USD and concern about global currency, etc.
I downloaded the app this morning to make my first crypto purchase. Also you'll be able to buy Doogcoin on Coinbase shortly.
Every pundit is talking about the difference between Coinbase and buying crypto and storing on some super zip drive. Drives get lost. Drives get stolen. -
You can buy fractional coins. Enter the amount you want to buy and the app will show you the amount you're $ will buy. If you do it on Coinbase they'll take a 0.5% fee. I don't know if other venues charge fees. Coinbase appears to be the Crypto platform for dummies. Safe and easy to use. So, I'm told.creepycoug said:
If it goes up to 400? What odds do we? need for that to happen before you roll $60,000? Unless I'm misunderstanding ... you need $60k for one bitcoin, right?BleachedAnusDawg said:The price of it is so high that you have to put a ton of money in it to make much off of it. I bought some the other day (very small amount) more as a hedge on what's going on with the USD and concern about global currency, etc.
