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Bitcoin Chart Fractal. $5000?

Discussion in 'Digital Currencies' started by Nomis Elpmis, Feb 24, 2016.



  1. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    $1354 today and could crash to nothing at anytime just like other currencies. The only problem is it is not exactly cash plus there are fees when you use it.
     
  2. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    ......................or $1354 today could be, for example, $5000 (or more) in the future.

    I see the point you are making and I agree with this but we really do not know one way or the other what bitcoin is going to do. I will use your point in the above post by using myself as an example by saying if bitcoin goes from $1354 to $0, then that is not a big loss to me (from $30.30 to $0) since my bitcoin investment is only 0.022 BTC. I am comfortable losing $30 in a bitcoin investment if the worst ends up happening to Bitcoin. No loss of sleep here.
     
    Last edited: Apr 27, 2017
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  3. birddog

    birddog Gold Member Gold Chaser

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    I see it as a lottery ticket. Buy a little bit, if the world doesn't blow up, it will probably increase in value. If the world does blow up, who gives a shit?
     
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  4. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Yep. That is the best way to describe bitcoin IMO. For me, my 0.022 BTC investment/gamble in bitcoin (from earning them from the bitcoin faucets) is "skin in the game" in bitcoin and my "lottery ticket" for a potential BTC "to da moon" shot.
     
  5. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    I checked my coinbase account to see how my 0.022 BTC "lottery ticket" is doing. The Coinbase bitcoin $ price quote is now at $1377.85 which now shows my "lottery ticket" currently worth $30.84.

    Bitcoin............................TO DA MOON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
     
  6. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    I checked my coinbase account to see how my 0.022 BTC "lottery ticket" is doing. The Coinbase bitcoin $ price quote is now at $1458.00 which now shows my "lottery ticket" currently worth $32.61.

    Bitcoin............................TO DA MOON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
     
  7. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    I checked my coinbase account to see how my 0.022 BTC "lottery ticket" is doing. The Coinbase bitcoin $ price quote is now at $1481.50 (as of this post) which now shows my "lottery ticket" currently worth $33.15.

    This "lottery ticket" is my ticket for my bitcoin "to da moon" shot. If I wake up and bitcoin is $0 then.............................MEH!!!!!!!
     
  8. anywoundedduck

    anywoundedduck Gold Member Gold Chaser

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    I buy silver when I have a hankering for playing the lottery. If the world blows up, it will increase in value.
    If the world blows up Bitcoin will disappear along with the internet it depends on for transactions. Should communications be restored, Bitcoin may never be restored. Nobody will trust it any longer.
    But by all means, invest your money in bitcoin!
     
  9. Joe King

    Joe King Gold Member Gold Chaser

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    A scenario similar to '08 is exponentially more likely than a complete system shutdown. I remember seeing people selling anything they had at a fraction of its worth in order to get by. Silver was $10/oz.


    Is everything you do in life based upon the possibility of all-out collapse and the end of civilization as we know it? How you gonna get gas for your car? Best start riding a bike now so you'll be used to it later. Do you currently grow all your own food? If not, better start. Won't be a store no' mo', better not get used to being able to go get whatever you want at the market 24/7. It won't be there one day.


    Bottom line is, if there were only ever going to be 21million oz/Ag in existence, Ag would be doing the same thing BTC is doing.
    Also, if govs actually allowed their People true economic freedom, btc would have never been a thing, as there would be no need for it.
     
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  10. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    I checked my coinbase account to see how my 0.022 BTC "lottery ticket" is doing. The Coinbase bitcoin $ price quote is now at $1513.97 (as of this post) which now shows my "lottery ticket" currently worth $33.88.

    This bears repeating..............This "lottery ticket" is my ticket for my bitcoin "to da moon" shot. If I wake up the next day and bitcoin is at $0 then.............................MEH!!!!!!! I can just drown in my sorrows by looking at and fondling some of my '70's silver art bars.

    :2 thumbs up:
     
  11. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    I checked my coinbase account to see how my 0.022 BTC "lottery ticket" is doing. The Coinbase bitcoin $ price quote is now at $1571.96 (as of this post) which now shows my "lottery ticket" currently worth $35.20.

    Maybe this is the beginning of the "to da moon" shot that everyone is waiting for but then again..............................Maybe bitcoin will "die" for the umpteenth time since it was "born".
     
  12. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    I checked my coinbase account to see how my 0.022 BTC "lottery ticket" is doing. The Coinbase bitcoin $ price quote is now at $1622.99 (as of writing this post) which now shows my "lottery ticket" currently worth $36.23. My bitcoin "lottery ticket" is up 227% from June 9, 2016.

    With the way that bitcoin is moving up, maybe $5000 bitcoin is not so outrageous but then again, I could wake up tomorrow morning and bitcoin could be at $0. I am not scared.
     
  13. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    The $ price of bitcoin is now over $1900. Currently at $1901 based on most recent bitpay quote.
     
  14. smartypants

    smartypants Seeker

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  15. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Bitcoin is now at $1937.02 according to latest Bitpay quote. After the Bitcoin ETF got rejected by the SEC, the bitcoin low was around $900 and now after moving $1037 up from that low, it is now approaching $2000. I am making a WAG that $2000 Bitcoin will occur between later today and mid-Sunday morning (May 21, 2017). We will see. Yep this popcorn taste great and the "bitcoin movie" is wonderful to watch.
     
  16. Joe King

    Joe King Gold Member Gold Chaser

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    It's a gonna crash! Grid goin' down for good any day now. No electric, no btc! PooF! All goners!






    (Just trying to beat the naysayer rush! lol)
     
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  17. solarion

    solarion Gold Member Gold Chaser

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    Seems to be crashing...upward. Just crossed the $2k mark.

    [​IMG]
     
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  18. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    NOOOOOOOO!!!!!!!!!!!!!

    Oops! Nevermind. I just woke up from a nightmare that bitcoin went to $0 but I just remembered that I am no longer in bitcoin. LOL!!!! However, bitcoin did break $2000. It is currently at $2010 (based on latest Bitpay quote).
     

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