BUY BITCOIN!!!!!!!
- Thread starter cam_blev
- Start date
Kind of funny, I met an Digital Currency professor at WVU on Friday and found out over the weekend that my neighbor is bitcoin mining in his garage...He said the heat from the servers basically heats his entire house during the winter. He said he is not getting rich, but he is making a profit after all expenses are paid.
Buying the dip is always the goal, but if you buy now you're only worried about a decrease in the price if you think Bitcoin is mature and therefore not going up in the future. I wouldn't buy Disney now, but Bitcoin seems to be different. There isn't a precedent for how high it can go. If it goes down in the near term, it will most likely go back above $50k in the long term.
I made the mistake of selling a few years back when it dipped, and lost out on a big opportunity.
they just printed another $2T dollars and more institutions are trying to slowly buying without making the market blow up. There's more going on here than a stock pumping. The financial system and many other entire industries are having their infrastructures rebuilt to try to adapt to best use this new technology and maneuvered here.
There's no ceiling on the price of BTC until the major governments around the world stop printing money. The more this happens the more it encourages investors to buy bitcoin which in turn will cause them to create more money. The game theory has played out so far and will continue. We are entering a new era of sound money.
According to the WVU professor ( I think I followed him correctly) Digital currency is going to change the world, but not as an investment arm. It is going to displace the ability for banks to make money off of the float (up to 30% of their profits). The Feds have been tracking for years...it is not anonymous like many think, in fact he said they watch every transaction...it is the most watched...it will end up being better for business but the gov. is only concerned about getting their cut so they are all over it.
I don't doubt that digital currency will get bigger over time but I don't know why so many think it will be Bitcoin. Just because it was the first doesn't mean it's the best. There are thousands of other cryptocurrencies out there. It seems like there should be a component of, which of these cryptocurrencies actually functions best, as in which is least likely to screw something up or which takes the shortest time to complete a transaction or whatever.
Agree 100%. My neighbor is mining another Digital currency. The guy I was talking to says there are 100's if not 1000's now, all are different and some will fail due to it not catching on, etc. I am far from being an expert, but the banks are the ones who will be taking a hit, so rest assured they will not go easily into the night.
Crypto currency is the rails that the decentralized future will be built on.
Every tech company will become in some aspect a bank, these things will basically be automated. Interest rates will be dynamically set from supply demand on a transparent open market. Efficiency will skyrocket as fraud and fees and taxes that banks have been living off of for years will be eliminated.
Why BTC? Because it is the simplest purest form of what it is. It has the largest network which is everything. There will be others that do certain things better and they will be successful in that are, but BTC is the best store of value and the one that will continue to attract $$$ for that purpose (as countries continue to print money and debase their currency) just again making the network stronger.
I'm sure its possible for something to overtake Bitcoin, but it has so much of a lead at this point it will be very difficult. It will be much easier for large companies and funds to adopt Bitcoin than the other even more volatile altcoins. Also, many cryptos don't have the goal of being an exchange of value. Ethereum is the #2 crypto, but its goal is to be more of a platform than an exchange of value.
The best investment strategy is to diversify. I'm putting 20% of my portfolio into a number of the coins, but Bitcoin will have the largest percentage.
Bitcoins biggest issue may be the amount of energy needed to power transactions. Many of the largest funds will only invest assets/companies that are environmentally friendly. Bitcoin is anything but. That may end up being its downfall. Not all cryptos have the same issue.
The way I see it, It will be the largest incentive ever for improvement in energy production and as it grows will actually improve. The competition to create more efficient cleaner energy will be insane.
If you like disruption you should jump on the Gamestop rocket ship. I didn't get in super early, but got in at $110 a few weeks ago. Its not sitting on $240-ish. Those Reddit guys aren't giving up.
While the DC server farms may be energy hogs, they are a blip in the energy business. and if a DC servers becomes the largest consumer of our energy...then we have much larger issues....
My neighbor says he spends an additional $60 per month in his servers and another $20 to charge his new Tesla. He actually added another fuse box to handle the additional load. He said he farms enough to pay for both and a little profit left afterwards, but I have no idea how much he spent on the servers and how much time he spends on the admin. He is a MD and researcher so I doubt he has much time to spend on this pet project.
Im not looking for a rocket ship. This is a buy and never sale asset for me. Gamestop will still be out of business in 5 years.
As soon as the bubble busts on GameStop, it’s gone. Some people are going to lose some big money on that one.
Up another 15% today. I agree its a bubble. No way I lose money on it. Although, it is inflated they do have some solid ideas to go total e-gaming, which is a huge market. I've totally come around on that one. But again, its financials don't match the stock price right now, which I don't care about as long as I'm up 150%.
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