BIT COIN (S)

[Efcjake]

14k usd and climbing

Bubbles grow until they burst Kev. Good luck. Are you still cashing out no matter what at 20k?

 

[orly]

14k usd and climbing

*13.6k



16% in a day. lol.

 

[Kev The Rat]

Bubbles grow Kev. Good luck. Are you still cashing out no matter what at 20k?

Tbh I didn’t expect this rate of growth this quickly.

So the answer is actually no as I believe it to be an adoption curve at this point.

I’m now looking to 40k as an exit point but I see very few alarm bells in terms of immediate crash signs.

 

[Efcjake]

*13.6k

View attachment 42681

16% in a day. lol.

For 1 unit of a currency that isn't particularly useful as a currency.

 

[orly]

For 1 unit of a currency that isn't particularly useful as a currency.

I just don't know who to believe mate, the Financial Times or the social media loons. It really is a quandary.

 

[Kev The Rat]

If anything the situation going forward looks stronger despite the price now compared to a few months ago

 

[Efcjake]

Tbh I didn’t expect this rate of growth this quickly.

So the answer is actually no as I believe it to be an adoption curve at this point.

I’m now looking to 40k as an exit point but I see very few alarm bells in terms of immediate crash signs.

Why the change of heart Kev?

 

[Kev The Rat]

Why the change of heart Kev?

It looks more solid than I expected particularly compared to even a month ago

 

[orly]

Why the change of heart Kev?

Certainly is an unusual investing strategy, setting a long term exit point then revising it by 100% in a single day.

 

[abelard]

Certainly is an unusual investing strategy, setting a long term exit point then revising it by 100% in a single day.

Walking home from the office, I kept hearing people muttering about how they were 100% angrier about fiat currency than they had been this morning

 

[Kev The Rat]

Certainly is an unusual investing strategy, setting a long term exit point then revising it by 100% in a single day.

I wasnt expecting to be approaching 20k this quickly

 

[orly]

Walking home from the office, I kept hearing people muttering about how they were 100% angrier about fiat currency than they had been this morning

haha!

Just for our daily recap:

• 16% increase in BitCoin value but
• Blocktrain firms are trading down after a late November spike
• Hyper-deflation in terms of what 1 BitCoin can actually purchase without being converted to the hated fiat currency

I have a feeling about this, not sure what though...

 

[Efcjake]

It looks more solid than I expected particularly compared to even a month ago

When you say "more solid" what do you mean?

It has value for as long as people believe it is valuable I suppose, but what happens if people lose interest and the turnover in trade slows down? People aren't spending it, they're hoarding it or they're cashing out to new holders entering the market.

What is today's 16% growth based on Kev?

 

[Kev The Rat]

When you say "more solid" what do you mean?

It has value for as long as people believe it is valuable I suppose, but what happens if people lose interest and the turnover in trade slows down? People aren't spending it, they're hoarding it or they're cashing out to new holders entering the market.

What is today's 16% growth based on Kev?

The failure of forks the failure of bitcoin cash. Whales realising that attempting to drag the market down are doomed to failure.

 

[orly]

I wasnt expecting to be approaching 20k this quickly

So you are £35k deep in a currency that is behaving in a way that you weren't able to predict accurately, and yet you can still confidently claim will hist $50k per coin if held for another year?

Kev, why get out at 40K? That's £160,000, held that tiger tail for long enough, shoot for the £2m!!!