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Showing 5 of 5 results by pepebcn
https://www.youtube.com/watch?v=n41GPPhLkhI&t=30s
Keeping in mind the most important factor, without gold and silver, all electronic equipment wouldn't exist = bitcoin would not exist. Computers, phones, tv's, etc ALL require silver and gold to be manufactured.
Keeping in mind the most important factor, without gold and silver, all electronic equipment wouldn't exist = bitcoin would not exist. Computers, phones, tv's, etc ALL require silver and gold to be manufactured.
The argument that Bitcoin cannot replace gold because computers and cell phones are made of gold is, to say the least, misguided. Any mobile phone has many other metals besides gold (about 0.3 grams). For example Coltan, among many others.
I have NO DOUBT that Bitcoin will surpass the market capitalization of gold in the next 5 years.
Re: At what point do you sell your Bitcoin forever, OR wait to buy back later ???
The Federal Reserve is raising interest rates, making money tighter, and popping the crypto bubble as well as many other speculative bubbles. Almost all financial assets have gone up since 2008 in the face of massive money printing, and now that party is clearly OVER. With the Federal Reserve now tightening, we will see cryptos and Bitcoin fall by more than you ever thought possible 
BE HONEST: Who here would have believed last year that Bitcoin would be near 18,700 today ?? Everyone knows darn well that anyone correctly predicting such a price drop in bitcoin would have been ridiculed here in this forum. So stop the self delusion for a minute and consider that Bitcoin could still go FAR LOWER...
So here is the question I am asking you guys:
1. At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??
2. At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??
3. Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??
BE HONEST: Who here would have believed last year that Bitcoin would be near 18,700 today ?? Everyone knows darn well that anyone correctly predicting such a price drop in bitcoin would have been ridiculed here in this forum. So stop the self delusion for a minute and consider that Bitcoin could still go FAR LOWER...
So here is the question I am asking you guys:
1. At what point do you guys lose faith in the dream of Bitcoin going to the moon, cut your losses and sell ??
2. At what point do you sell your Bitcoin, Convert to cash, and wait to buy 20 times as many Bitcoin at a much lower price, say something like 1000 dollars ??
3. Would you never sell, no matter what is happening in the crypto world, and ride Bitcoin down to the bottom ??
I could say you are an ignorant person, like many people probably are thinking, but when someone says BTC is a bubble or a ponzi scheme, or bullshit like that I always say them the same: Please, develop why Bitcoin is a bubble and why is a fraud. 90% of times there is no answer, the other 10% very poor arguments. Maybe u surprise me this time..
BTC is scarcer than gold. I think one day 1 BTC will enter the $xxx,xxx zone then the $x,xxx,xxx HODL BTC
So is my saliva. And that is NOT where the similarities end.
My saliva is also encrypted with my DNA. You can´t reproduce it, without being me, but you can easily check its authenticity.
Its supply is whatever my salivary glands can produce and that supply also degenerates, as I get older. Until every last bit is produced.
So all these bullsh*t arguments about scarcity... are just empty.
1BTC will enter $x,xxx zone, then $xxx, and then just $x. Until it finally arrives at its fundamental value.
Comparing gold with Bitcoin always puts Gold in a very bad place. The most heavy argument by defenders of Gold is that it exists thousands of years ago. That's not something small but there is a reality:
1) Nobody knows how much gold (really) there is already mined in the world
2) No one knows how much gold is (really) mined each year in the world
3) No one knows how much gold (really) remains to be mined in the world
The answers to questions 1,2 and 3 for Bitcoin are yes.
Aside from the scarcity issue, which is objectively much better for BTC, Bitcoin is much more easily divisible, transportable, storable, and verifiable.
I don't have any doubt that Bitcoin will overtake gold in market cap in the next few years (not that many..)
Re: At what point do you sell your Bitcoin forever, OR wait to buy back later ???
Never sell is the most bullshit thing I heard from crypto people because most of them that spouting that nonsense are those who just want quick profit and they are using that word for shilling purposes. We are all buying Bitcoin to invest and earn in the future so no one in the right mind who will not sell there holdings if they already have a good profit. They should just throwaway there private key if they really want to not sell. 
The best way to do is to read the trend in longer time frame. Buy when there’s an obvious bear trend in longer time frame and vice versa. Don’t trade using short time frame because you will be just confused and panic to the price swings of Bitcoin.
The best way to do is to read the trend in longer time frame. Buy when there’s an obvious bear trend in longer time frame and vice versa. Don’t trade using short time frame because you will be just confused and panic to the price swings of Bitcoin.
Any opinion is respectable but qualifying mine as bullshit is completely disrespectful and in your case, it also denotes an alarming degree of ignorance. You haven't understood the half of it.
First of all, if you buy an asset like a house for the purpose of appreciation, you know that the price will rise in the long run, but there will be periods (even long ones) when the price will fall. This fact does not mean that you have to sell the properties and sell them continuously.
On the other hand, I understand that now it is difficult for you to understand that you need to sell to make a profit. In the future, it will be the most normal thing in the world. Use your Btc as collateral. Why sell 1 Btc and lose its revaluation forever, being able to use it as collateral for a loan in fiat currency that will devalue over time at relatively low interest?
Re: At what point do you sell your Bitcoin forever, OR wait to buy back later ???
I have very clear my answer: the right moment to sell Bitcoin is NEVER. "Why do u buy it if you are not gonna sell it?" "When are u gonna take ur profit?" These are the questions that I expect of course. If you know what is Bitcoin, and you know without any doubt that it's value today is ridiculous comparing with the price it will have in few years, u need to know that having Bitcoin is the best reserve of value that you will ever have.
That means that u don't need to sell ur Bitcoins to enjoy ur life. Why? In future, your Bitcoins will be the best guarantee u can afford to buy a house, take a loan o whatever u wanna make. Why to sell ur BTC loosing the opportunity to have them in the far future? Why to spend 1 BTC in a car in 2025 (for example) if you ill be able to buy a house with 1 BTC (in 2030)? The best you can do is buy Bitcoin, Hodl them forever and NEVER be afraid about the Bear Markets.
That means that u don't need to sell ur Bitcoins to enjoy ur life. Why? In future, your Bitcoins will be the best guarantee u can afford to buy a house, take a loan o whatever u wanna make. Why to sell ur BTC loosing the opportunity to have them in the far future? Why to spend 1 BTC in a car in 2025 (for example) if you ill be able to buy a house with 1 BTC (in 2030)? The best you can do is buy Bitcoin, Hodl them forever and NEVER be afraid about the Bear Markets.