Bitcoin mania!!

[Anonymous 11]

Who knows? It just might break 10K by 0600GMT.

What would happen if say 10% of bitcoin holders attempted to convert to fiat in a single day?

[xanthineParticipant 4903]

Man i have way too much debt right now to be chasing cryptocurrency and other potential bubbles. My first priority is paying off my debt, then i will learn more about finance and maybe come up with some more exciting plans. Right now that stuff is way over my head and i don’t have the money or time to be messing with it really.

That being said, i love listening to your perspectives and takes on finance, Market~~~cher. I was really enjoying listening to you yesterday on Zoom as well. I was just busy with something in the background and couldn’t respond, plus i only understood like maybe a third of what you said lol. But i will continue to learn as much as i can, and it is awesome to have someone like you here who can facilitate that. Thank you.

[MarketWatcherParticipant]

BeachBum wrote:

Market~~~cher…

you must be bored with your “new” job already! LOL!

get to work and entertain the Hive!! LOL

I have too much time on my hands.

Beer wrote:

nobody to point the finger at but the person you see in the mirror

Every bad trade I have ever made I blame on myself.

Jan Sobieski wrote:

Is there a way to short bitcoin?

Yes, coming soon! That is one of the reasons it is so high. The Chicago Mercantile Exchange is creating futures on this s~~~!! Should start trading in December.

KevinStyles wrote:

if you’re not already in, i’d just forget about it

Agreed. The easy money has been made.

[MarketWatcherParticipant]

Anonymous wrote:

What would happen if say 10% of bitcoin holders attempted to convert to fiat in a single day?

They have daily limits on what you can take out. I s~~~ you not. Think about that.

xanthine wrote:

My first priority is paying off my debt,

Exactly as you should be doing. Keep up the hard work brother.

[PrincekieParticipant 1042]

I’m just about to plunge my life savings, car and house on Bitcoin….its definitely a sure thing. Just like high house prices, the Nasdaq/FTSE and all that jazz….Bitcoin will only go up! Guaranteed.

I’ll be joining the ranks of millionaires row next year 🙂

[Ever5Participant 1008]

Yeah, I got a phone call from an old friend of mine today talking about cryptocurrency. He agrees with my ideas that it’s like pokemon cards, it’s all fueled by hype. It’ll probably keep going up until people run out of money to keep throwing at it, or in the first panic and every one pulls out.

My friend is thinking about getting into it, he has a friend who made 150K off this mess. He’s mentioning some coin called RDN, raiden network and thinking of buying into it, but he knows it’s all BS and it will come to an end. I don’t know guys. I’m not jumping on that train but I see a lot of people excited about all this mess.

Also you can look at twitter and it’s just crazy. just type in one of the coins and see what people are saying. it’s mania.

Truth has no place to live in the mind of a woman.

[AFTParticipant 2726]

As previous comments. this reminds me of Tulip mania.

https://www.cnbc.com/2017/07/20/bitcoin-bubble-dwarfs-tulip-mania-from-400-years-ago-elliott-wave.html

When the war cemeteries are half full of the corpses of dead conscripted women, only then will women have earned the right to speak of equality. Sidecar “A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do.” - Bob Dylan

[Golgotha777Participant 326]

I put 150 bucks in about a year ago and now it’s worth 750. Didn’t really cost me much to begin with. Let’s see what happens.

[xanthineParticipant 4903]

Princekie wrote:

I’m just about to plunge my life savings, car and house on Bitcoin….its definitely a sure thing. Just like high house prices, the Nasdaq/FTSE and all that jazz….Bitcoin will only go up! Guaranteed.

I’ll be joining the ranks of millionaires row next year

Man i hope you’re joking. Read the link about the tulip bubble posted earlier in this thread. I read about that for the first time in Random Walk Down Wall Street. It is literally the textbook definition and archetypal example of a bubble.

Once bitcoin catches on like tulips did, it’s only a matter of time before it bursts. It is a castle in the air. Nothing can just expand infinitely, and nothing is a sure thing, that’s ridiculous. Eventually it will come crashing down. If you have the spare money lying around and don’t mind gambling on bitcoin, that’s one thing…but do not bet your house or life savings on it, that’s no better than betting your house on blackjack.

The house always wins. The reason these scumbag bankers get so rich is because men like you literally give them your house and your retirement. I cannot stand to see that happen to a Brother.

[bladeParticipant]

MarketWatcher wrote:

But, this s~~~ is getting out of hand.

THE PLANTATION HAS NOW TURNED INTO THE KILLING FIELDS . WOMAN ARE NOW ROLLING CAMBODIAN STYLE .

[PrincekieParticipant 1042]

xanthine wrote:

Princekie wrote:

I’m just about to plunge my life savings, car and house on Bitcoin….its definitely a sure thing. Just like high house prices, the Nasdaq/FTSE and all that jazz….Bitcoin will only go up! Guaranteed.

I’ll be joining the ranks of millionaires row next year

Man i hope you’re joking. Read the link about the tulip bubble posted earlier in this thread. I read about that for the first time in Random Walk Down Wall Street. It is literally the textbook definition and archetypal example of a bubble.

Once bitcoin catches on like tulips did, it’s only a matter of time before it bursts. It is a castle in the air. Nothing can just expand infinitely, and nothing is a sure thing, that’s ridiculous. Eventually it will come crashing down. If you have the spare money lying around and don’t mind gambling on bitcoin, that’s one thing…but do not bet your house or life savings on it, that’s no better than betting your house on blackjack.

The house always wins. The reason these scumbag bankers get so rich is because men like you literally give them your house and your retirement. I cannot stand to see that happen to a Brother.

As an ex-gambler, I can relate to the last paragraph.
Yep, I’m definitely joking! I value a roof over my head!

[Author]

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