Author Topic: Bitcoin crazy bull  (Read 97 times)

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kav

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Bitcoin crazy bull
« on: November 08, 2017, 12:51:42 PM »
The bitcoin is on a crazy bull rally.
From $1000 in May to $7000 these days.
Some people are winning thousands, or actually getting rich. Is this still an investment thesis? Is is just a gambling type of speculative bet? Is BTC already too high and a bubble that will bust soon. Is there room to grow? For how long? To what target price?

Question, questions...
« Last Edit: November 08, 2017, 01:10:40 PM by kav »


 
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Scarface

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Re: Bitcoin crazy bull
« Reply #1 on: November 08, 2017, 12:59:40 PM »
I would be scared to invest in that now.  Buy when no one else is buying.  And sell when everyone loves it
 
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kav

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Re: Bitcoin crazy bull
« Reply #2 on: November 08, 2017, 01:17:08 PM »
Very reasonable what you say.
Just present the opposite view though: People were saying that BTC was already too high and expensive when it was in $3000. IF the bull thesis holds, money can be made even if one buys here.

[Disclaimer: I'm making no suggestion for buying. We are just discussing.]
« Last Edit: November 08, 2017, 02:35:48 PM by kav »
 
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MrPerfect.

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Re: Bitcoin crazy bull
« Reply #3 on: November 08, 2017, 02:28:54 PM »
 It may very well hit 10k this month and 25k till end of year.
    It's technology to send money.  This money belongs to its user. .. let's think about credibility...
   Besides, how much worth similar businesses and what's their turnover per day. ?  Bitcoin is very small... yet. It has much to grow.
 
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Scarface

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Re: Bitcoin crazy bull
« Reply #4 on: November 08, 2017, 02:57:45 PM »
The first offline purchase using bitcoin was a few years back.  Guy spent 10,000 bitcoin to buy 2 large pizzas.  That would be worth 75 million today! 
 
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kav

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Re: Bitcoin crazy bull
« Reply #5 on: November 08, 2017, 04:45:57 PM »
Wow!!!!!!