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Started By
Message
re: When to buy BTC?
Posted on 11/9/22 at 6:31 pm to SlidellCajun
Posted on 11/9/22 at 6:31 pm to SlidellCajun
quote:
If investment, What is the underlying measure for which you can ascertain value?
0
Posted on 11/9/22 at 11:52 pm to Big_Sur
Around 11k is the price I’m waiting on. Hopefully it will hold there. If not, then who knows.
Posted on 11/10/22 at 7:20 am to DVinBR
Bitcoin took a dump yesterday
At this level @16,500 how does anyone know if it is undervalued, overvalued or fairly valued?
People love the lack of accountability for crypto currencies but that is a big double edged sword.
People should be asking themselves who is being bitcoin. Let’s say China is ultimately behind bitcoin and they created it to try to bring down the USDollar and other competing currencies… is that something you want to be owning?
At this level @16,500 how does anyone know if it is undervalued, overvalued or fairly valued?
People love the lack of accountability for crypto currencies but that is a big double edged sword.
People should be asking themselves who is being bitcoin. Let’s say China is ultimately behind bitcoin and they created it to try to bring down the USDollar and other competing currencies… is that something you want to be owning?
Posted on 11/10/22 at 8:47 am to SlidellCajun
quote:
At this level @16,500 how does anyone know if it is undervalued, overvalued or fairly valued?
You could say the same thing at $10.
And I do.
This is not like a financial security that has intrinsic value. It pays no dividends. It gives you no ownership to anything. There are no earnings, no balance sheets, no forecasts. It is 100% pure speculation.
The only real value it has is that it can buy other things, like any other money, but even THAT is limited now.
I don't hold the US dollar as an investment, either.
Posted on 11/10/22 at 8:48 am to mach316
quote:
Around 11k is the price I’m waiting on.
How'd you land on that price?
Posted on 11/10/22 at 8:56 am to Big_Sur
I just loaded up on more BTC/ETH today
Posted on 11/10/22 at 9:09 am to SlidellCajun
quote:
People should be asking themselves who is being bitcoin. Let’s say China is ultimately behind bitcoin and they created it to try to bring down the USDollar and other competing currencies… is that something you want to be owning?
Posted on 11/10/22 at 9:23 am to Grievous Angel
quote:
You could say the same thing at $10.
And I do.
This is not like a financial security that has intrinsic value. It pays no dividends. It gives you no ownership to anything. There are no earnings, no balance sheets, no forecasts. It is 100% pure speculation.
The only real value it has is that it can buy other things, like any other money, but even THAT is limited now.
I don't hold the US dollar as an investment, either.
Year 2048. BTC has dropped 50% from all time high of 2.8 Million dollars to 1.4 million dollars.
Old man raises hand at sky and screams," I told you it was a scam!"
Posted on 11/10/22 at 9:45 am to MrSpock
This post was edited on 11/10/22 at 9:45 am
Posted on 11/10/22 at 9:49 am to MrSpock
Proves the adage that a fool and his money are easily parted.
But when all the fools part with their money together and consistently you get crypto.
But when all the fools part with their money together and consistently you get crypto.
Posted on 11/10/22 at 10:22 am to Big_Sur
Yesterday.
Posted on 11/10/22 at 2:27 pm to JayDeerTay84
So how do you evaluate value to market value on bitcoin?
Guessing you’re loading up at those levels eh?
Guessing you’re loading up at those levels eh?
This post was edited on 11/10/22 at 2:28 pm
Posted on 11/10/22 at 4:27 pm to TigerTatorTots
quote:the current chart says otherwise, lol
cannot be devalued,
Posted on 11/10/22 at 6:07 pm to Big_Sur
Well said
Posted on 11/11/22 at 10:30 am to Big_Sur
Just dollar cost average small amounts weekly. It’s a long term play.
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