BITCOIN as an alternative to regular currency

[ForFolksSake]

Bit coin Selloff Deepens, falling to Seven Month Low ... not good for Farage

[Sonny]

Bit coin break $1000 bubble bubble bubble

http://www.bbc.co.uk/news/technology-25120731

<shrug>

[ForFolksSake]

Bit coin break $1000 bubble bubble bubble

http://www.bbc.co.uk/news/technology-25120731

<shrug>

... and you still can't use it on BF

[Naffman]

At what price would a skeptic here buy it? I think if it were to go down to 20-25k then I would, even though I don't know anyone who uses BTC, it feels too big now with many big institutions buying it.

[ruthlessimon]

I think if it were to go down to 20-25k then I would

What matters is context: if BTC is down 80% while the s&p 500 is flat or up, that’s a structural failure, not a buying opportunity. (i.e. MSTR failure, Tether failure, quantum attack). Huge risk of BTC never recovering.

But if BTC is down 80% because the entire market is blowing up - i.e s&p 500 -50%, credit freezing, mainstream bank failures - that’s a potential buy - because it could rebound hard when the money printer starts.

[ruthlessimon]

Bit coin break $1000 bubble bubble bubble

http://www.bbc.co.uk/news/technology-25120731

<shrug>

Depending on the time horizon, it technically wasn’t the wrong call.

[Naffman]

Absolutely mental that if you bought 2 years ago today you're still well over 100% up despite the 30% drop.

[Euler]

Bitcoin price targets for 2025:

JPM: 170,000
VanEck: 180,000
S/Chartered: 250,000
Tom Lee: 250,000
Robert Kiyosaki: 350,000
BlackRock: 700,000
Chamath: 500,000
Saylor: 1,000,000
Pompliano: 500,000
Cathie Wood: 2,000,000

[Big Bad Barney]

Bitcoin price targets for 2025:

JPM: 170,000
VanEck: 180,000
S/Chartered: 250,000
Tom Lee: 250,000
Robert Kiyosaki: 350,000
BlackRock: 700,000
Chamath: 500,000
Saylor: 1,000,000
Pompliano: 500,000
Cathie Wood: 2,000,000

BigBadBarney: $0 .... 2026!

[weemac]

BigBadBarney: $0 .... 2026!

Good - that means I'll get a second chance to buy at $4, having refused the first.

[Big Bad Barney]

Good - that means I'll get a second chance to buy at $4, having refused the first.

lol. On the way down, or on the way back up? Fat finger you reckon?

Pretty sure the folks at \r\bitcoin would still be posting.... HODL and to the moon meme thingies!!!!