Current Events > Bitcoin has now passed $18,000.

(+) Yeah! (+)

Nice.
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Who cares
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So let me get this straight, in a world where a 20% ROI in a whole year would be considered holy shit amazing on a stock portfolio, bitcoin has had an 80% ROI in just the past six days?

This is the bubbliest bubble I've ever seen. There is no way the fundamentals have changed enough in the past six freaking days to justify an 80% increase.
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Sativa_Rose posted...

So let me get this straight, in a world where a 20% ROI in a whole year would be considered holy shit amazing on a stock portfolio, bitcoin has had an 80% ROI in just the past six days?

This is the bubbliest bubble I've ever seen. There is no way the fundamentals have changed enough in the past six freaking days to justify an 80% increase.

Yeah, it's going to crash hard any day now.
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That donut guy must be unbelievably rich right now. He bought a bunch during the dip. His bitcoin was worth 4.1 million when it was at 9200. Those coins must be worth 8 million now.

The average person is probably up $12,000 if they bought one full coin during that dip.
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yeah, i'd get the fuck out of it if I were any of you
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It has been fun time to sell asap.
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I can't wait for the tears.
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the exponential growth of FOMO
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FLUFFYGERM posted...

Sativa_Rose posted...

So let me get this straight, in a world where a 20% ROI in a whole year would be considered holy shit amazing on a stock portfolio, bitcoin has had an 80% ROI in just the past six days?

This is the bubbliest bubble I've ever seen. There is no way the fundamentals have changed enough in the past six freaking days to justify an 80% increase.

Yeah, it's going to crash hard any day now.

Okay

*flashback to when Bitcoin was worth next to nothing, littlebro07 has an internal debate with himself*

"Digital currency? That's a smart idea, I should throw this $1000 at that."

"HURR DUUR DOWN PAYMENT ON CAR WOOO"

"hmm, my current car does suck...I'll do that. Bitcoin probably will fall apart soon anyway."

I COULD HAVE BEEN A MOTHER FUCKING MULTI MILLIONAIRE
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It feels like the people hoping/saying it is gonna crash are just people who didn't invest and hope it crashes so they feel better about missing out on all the free money.
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prince_leo posted...

yeah, i'd get the fuck out of it if I were any of you

we already passed through the 10k without a crash. It's clear skies for 100k
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FreezerDoor posted...

It feels like the people hoping/saying it is gonna crash are just people who didn't invest and hope it crashes so they feel better about missing out on all the free money.

Maybe some. But it's pretty obvious bitcoin is a huge bubble that will pop at some point. The question is when. The only people who are denying are either people who want to buy bitcoin so they can sell or people who are delusional that they think bitcoin has any form of staying power.
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littlebro07 posted...

*flashback to when Bitcoin was worth next to nothing, littlebro07 has an internal debate with himself*

"Digital currency? That's a smart idea, I should throw this $1000 at that."

"HURR DUUR DOWN PAYMENT ON CAR WOOO"

"hmm, my current car does suck...I'll do that. Bitcoin probably will fall apart soon anyway."

I COULD HAVE BEEN A MOTHER FUCKING MULTI MILLIONAIRE

I know that feel. I wanted to invest back in the days of NamesBob. He had 169 bitcoins and was like this is gonna be a thing. People laughed at him and he sold at like $500 iirc. If he kept his coins they would be worth 3 million today.
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FightingGames posted...

prince_leo posted...

yeah, i'd get the fuck out of it if I were any of you

we already passed through the 10k without a crash. It's clear skies for 100k

Nope. If you took the entire crypto market cap right now and distributed it across just Bitcoin, each Bitcoin would be worth $26,000. This type of growth is not sustainable. It is artificial, and for Bitcoin to even surpass $26,000 would be a miracle.
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It went to 18k again today?

can't you guys just make like a general or something
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Tmaster148 posted...

FreezerDoor posted...

It feels like the people hoping/saying it is gonna crash are just people who didn't invest and hope it crashes so they feel better about missing out on all the free money.

Maybe some. But it's pretty obvious bitcoin is a huge bubble that will pop at some point. The question is when. The only people who are denying are either people who want to buy bitcoin so they can sell or people who are delusional that they think bitcoin has any form of staying power.

Or maybe it's not a bubble and it's the future of money and three years from now you'll be hating yourself for not buying when it was just 18,000

MC_BatCommander posted...

can't you guys just make like a general or something

lol, we probably should. its gotta be annoying for everyone else.
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MC_BatCommander posted...

can't you guys just make like a general or something

There is one. Doesn't stop them.
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clearaflagrantj posted...

Tmaster148 posted...

FreezerDoor posted...

It feels like the people hoping/saying it is gonna crash are just people who didn't invest and hope it crashes so they feel better about missing out on all the free money.

Maybe some. But it's pretty obvious bitcoin is a huge bubble that will pop at some point. The question is when. The only people who are denying are either people who want to buy bitcoin so they can sell or people who are delusional that they think bitcoin has any form of staying power.

Or maybe it's not a bubble and it's the future of money and three years from now you'll be hating yourself for not buying when it was just 18,000

It's not the future of money considering it has yet to shown it's a worthwhile way to buy goods. Steam stopped supporting it after a year, because it's too volatile and the transactions fees were getting too high.
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So if I bought hundred dollars of Bitcoin back in the day, I'd have 1,800,000 dollars right now? That doesn't seem right.

And can one sell it (the Bitcoin, or stock, whatever it is) and get the money right away? Or do you need to find a buyer?
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FreezerDoor posted...

It feels like the people hoping/saying it is gonna crash are just people who didn't invest and hope it crashes so they feel better about missing out on all the free money.

I don't think it will crash to zero, but you have to remember that less than a year ago it was worth like $900. The idea that a 2000% increase in its value in less than a year is the market acting rationally is not something I am on board with. The fundamentals do not justify that value, in my opinion. So I would rather be short than long BTC right now if I had to enter at the current price.
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MachoManSavage posted...

So if I bought hundred dollars of Bitcoin back in the day, I'd have 1,800,000 dollars right now? That doesn't seem right.

And can one sell it (the Bitcoin, or stock, whatever it is) and get the money right away? Or do you need to find a buyer?

You need to find a buyer. Which is why the internet is hyping bitcoin so much. They want idiots to buy into on the false premise they'll make a ton of money so they can get off before the inevitable crash.

Even thinking about it logically. If you bought some bitcoin today you need to wait for it to grow by $18,000 in order to just double your take. You are not going to get rich investing into bitcoin now.
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Tmaster148 posted...

MachoManSavage posted...

So if I bought hundred dollars of Bitcoin back in the day, I'd have 1,800,000 dollars right now? That doesn't seem right.

And can one sell it (the Bitcoin, or stock, whatever it is) and get the money right away? Or do you need to find a buyer?

You need to find a buyer. Which is why the internet is hyping bitcoin so much. They want idiots to buy into on the false premise they'll make a ton of money so they can get off before the inevitable crash.

Even thinking about it logically. If you bought some bitcoin today you need to wait for it to grow by $18,000 in order to just double your take. You are not going to get rich investing into bitcoin now.

So, if I did have over a million dollars worth of Bitcoin, how easy would it be to find a buyer?
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Tmaster148 posted...

MachoManSavage posted...

So if I bought hundred dollars of Bitcoin back in the day, I'd have 1,800,000 dollars right now? That doesn't seem right.

And can one sell it (the Bitcoin, or stock, whatever it is) and get the money right away? Or do you need to find a buyer?

You need to find a buyer. Which is why the internet is hyping bitcoin so much. They want idiots to buy into on the false premise they'll make a ton of money so they can get off before the inevitable crash.

Even thinking about it logically. If you bought some bitcoin today you need to wait for it to grow by $18,000 in order to just double your take. You are not going to get rich investing into bitcoin now.

You are spreading so much FUD it's insane, you clearly have no idea what you are tatalking about.

MachoManSavage posted...

Tmaster148 posted...

MachoManSavage posted...

So if I bought hundred dollars of Bitcoin back in the day, I'd have 1,800,000 dollars right now? That doesn't seem right.

And can one sell it (the Bitcoin, or stock, whatever it is) and get the money right away? Or do you need to find a buyer?

You need to find a buyer. Which is why the internet is hyping bitcoin so much. They want idiots to buy into on the false premise they'll make a ton of money so they can get off before the inevitable crash.

Even thinking about it logically. If you bought some bitcoin today you need to wait for it to grow by $18,000 in order to just double your take. You are not going to get rich investing into bitcoin now.

So, if I did have over a million dollars worth of Bitcoin, how easy would it be to find a buyer?

There are exchanges where you can buy and sell as much bitcoin as you want, bitcoin global trading volume is somewhere in the neighborhood of $10B every day.

MachoManSavage posted...

Tmaster148 posted...

MachoManSavage posted...

So if I bought hundred dollars of Bitcoin back in the day, I'd have 1,800,000 dollars right now? That doesn't seem right.

And can one sell it (the Bitcoin, or stock, whatever it is) and get the money right away? Or do you need to find a buyer?

You need to find a buyer. Which is why the internet is hyping bitcoin so much. They want idiots to buy into on the false premise they'll make a ton of money so they can get off before the inevitable crash.

Even thinking about it logically. If you bought some bitcoin today you need to wait for it to grow by $18,000 in order to just double your take. You are not going to get rich investing into bitcoin now.

So, if I did have over a million dollars worth of Bitcoin, how easy would it be to find a buyer?

Right now it would be very easy to find buyers.
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FreezerDoor posted...

It feels like the people hoping/saying it is gonna crash are just people who didn't invest and hope it crashes so they feel better about missing out on all the free money.

I put a grand into ethereum when it was $40 and cashed out when it hit $300. I put most of it back across various coins but it's all play money cause I already accept I'll miss when the bubble bursts and lose it all

FightingGames posted...

we already passed through the 10k without a crash. It's clear skies for 100k

maybe it will. I hope for all the investors who believed early on that it does
but I don't see it being a long-term currency and I believe that it will burst
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You do technically need to find a buyer, but the fact that exchanges exist makes that extremely easy. There are buy orders constantly open just below the most recent market price so that if someone is unloading a lot, they can do that quickly (the people who have these orders open are called market makers)
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MachoManSavage posted...

Tmaster148 posted...

MachoManSavage posted...

So if I bought hundred dollars of Bitcoin back in the day, I'd have 1,800,000 dollars right now? That doesn't seem right.

And can one sell it (the Bitcoin, or stock, whatever it is) and get the money right away? Or do you need to find a buyer?

You need to find a buyer. Which is why the internet is hyping bitcoin so much. They want idiots to buy into on the false premise they'll make a ton of money so they can get off before the inevitable crash.

Even thinking about it logically. If you bought some bitcoin today you need to wait for it to grow by $18,000 in order to just double your take. You are not going to get rich investing into bitcoin now.

So, if I did have over a million dollars worth of Bitcoin, how easy would it be to find a buyer?

If you had a Million dollars, Why you put your money into fake money? Wouldn't your best bet be to invest in actual stuff.
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clearaflagrantj posted...

Tmaster148 posted...

MachoManSavage posted...

So if I bought hundred dollars of Bitcoin back in the day, I'd have 1,800,000 dollars right now? That doesn't seem right.

And can one sell it (the Bitcoin, or stock, whatever it is) and get the money right away? Or do you need to find a buyer?

You need to find a buyer. Which is why the internet is hyping bitcoin so much. They want idiots to buy into on the false premise they'll make a ton of money so they can get off before the inevitable crash.

Even thinking about it logically. If you bought some bitcoin today you need to wait for it to grow by $18,000 in order to just double your take. You are not going to get rich investing into bitcoin now.

You are spreading so much FUD it's insane, you clearly have no idea what you are tatalking about.

The amount bitcoin would have to gain in order to see any major returns is rather high. And considering bitcoin still has a lot of issues with scalability most notabity with the increasing transaction costs and energy demands it will reach a point wwew it's too much effort to deal with, it's unlikely you'll actually see growth anywhere on par as the early adopters.

Bitcoin has no foreseeable future without major changes and it won't magically triple your money if you start investing in now.

MachoManSavage posted...

So, if I did have over a million dollars worth of Bitcoin, how easy would it be to find a buyer?

It all depends how many people are trying to buy in. Considering bitcoin keeps increasing in value, probably good for the moment.
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https://gemini.com/auction-data/

Someone apparently unloaded $3m worth about almost 6 hours ago
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Soooooo should I cash out my bitcoin then and invest in smaller stuff?
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NightMarishPie posted...

Soooooo should I cash out my bitcoin then and invest in smaller stuff?

I would be very closely monitoring the situation if not already cashing out in the current circumstance, but it depends what price you got in at as well.
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Sativa_Rose posted...

NightMarishPie posted...

Soooooo should I cash out my bitcoin then and invest in smaller stuff?

I would be very closely monitoring the situation if not already cashing out in the current circumstance, but it depends what price you got in at as well.

Got in around 6000. Was getting close to cashing out anyways, but kind of need someone to tell me to do it so I finally commit lol
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Tmaster148 posted...

Bitcoin has no foreseeable future without major changes and it won't magically triple your money if you start investing in now.

We literally saw 50% in two days.

You are so fucking delusional

I'm so fucking sad
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Safest option would be to cash out now. You could risk it as it probably won't crash tomorrow and has the potential to grow a bit more before the bubble pops. You could do a hybrid of selling a bit now and holding on to some so you make some profit.

I don't really want to tell what to do with your money, but you have 3 options.
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Alright, thanks for the help. Probably gonna cash out and put more into ETH and others. I only invested 300 initially anyways, so it's not like I'd make a lot even if bitcoin hit like, 100000.
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BTC hits 18k
bloodborne 2 announced
soul caliber 6 announced

i can't take anymore of this
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yeah idk i dont want to be "calling" anything but people who paint the lines on the road are now professional crypto traders

the media has been shoving bitcoin news in everyone's face. my mom even knows what bitcoin is at this point.

i was at the NYSE holiday party and i watched an NBC reporter ask president Tom Farley when will bitcoin be tradable at NYSE, like how CME has bitcoin futures. he kept giving nonanswers and the reporter must've asked him 8 more times.

everyone knows about it at this point. people certainly aren't done buying, but there's not really some untapped market anymore.

i cringe every time someone talks about "institutional money in bitcoin"
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BreezyExcursion posted...

yeah idk i dont want to be "calling" anything but people who paint the lines on the road are now professional crypto traders

the media has been shoving bitcoin news in everyone's face. my mom even knows what bitcoin is at this point.

i was at the NYSE holiday party and i watched an NBC reporter ask president Tom Farley when will bitcoin be tradable at NYSE, like how CME has bitcoin futures. he kept giving nonanswers and the reporter must've asked him 8 more times.

everyone knows about it at this point. people certainly aren't done buying, but there's not really some untapped market anymore.

i cringe every time someone talks about "institutional money in bitcoin"

Remember when Social Media was started getting popular, and then we had a ton of people calling themselves "Social Media Guru's" or "Consultants".

It's basically the same situation. My advice for Bitcoin is this. Do your own research and do a shit ton of it before you buy into it. This will help you out a ton in the future. Also, ignore all the hype around and the topics/articles and posts about "Millionaires" or "Billionaires" with it.

If you really want to get advice from legit millionaires and billionaires. Warren Buffet has a ton of books out about investing. Check those out.
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Bitcoin's market cap and the market cap for all cryptos is still fucking play money compared to the stock markets, real estate, and derivatives, ffs gold has a 7 trillion dollar market cap. A 500K btc is a foregone conclusion at this point

clearaflagrantj posted...

Bitcoin's market cap and the market cap for all cryptos is still fucking play money compared to the stock markets, real estate, and derivatives, ffs gold has a 7 trillion dollar market cap. A 500K btc is a foregone conclusion at this point

lololol
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clearaflagrantj posted...

Bitcoin's market cap and the market cap for all cryptos is still fucking play money compared to the stock markets, real estate, and derivatives, ffs gold has a 7 trillion dollar market cap. A 500K btc is a foregone conclusion at this point

What do you think ETH and LTC can hit?

Bitcoin is in a bubble right now and will go down, hard.

However that doesnt mean that it will become worthless, it might be good to cash out and wait for the adjustment then reinvest after the price stabilized.
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And clear is trying to call other people delusional here
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