I just bought $200,000 of Bitcoin

[Sparktrader]

8 minutes ago, ozimoron said:

I think it will approach 2017 levels before rising again. It was 4K in march 2020 so I don't get how 29K now is "cheap". I could be wrong but no asset class does that well and stays there.

$1000 in 2017

[ozimoron]

5 minutes ago, Sparktrader said:

What was twitter 10 years ago?

You seemed to be missing that I said BTC was approx 1/10th of its current value TWO (2) years ago.

 

Twitter is down about 20% on recent highs.

[ozimoron]

Just now, Sparktrader said:

$1000 in 2017

about 0.30c in 2013 IIRC.

[Sparktrader]

Just now, ozimoron said:

You seemed to be missing that I said BTC was approx 1.10th of its current value TWO (2) years ago.

 

Twitter is down about 20% on recent highs.

No its about 5 or 6 times the value 2 years ago

[Sparktrader]

1 minute ago, ozimoron said:

about 0.30c in 2013 IIRC.

I dont know a time machine

[ozimoron]

Just now, Sparktrader said:

No its about 5 or 6 times the value 2 years ago

you're being very selective :). Not long ago it was 65 times it's 2017 value. My point stands, BTC isn't cheap right now.

[Sparktrader]

Be amazed if bitcoin fell below $18,000.

 

Too many buyers. Support at 20k

[Sparktrader]

Just now, ozimoron said:

you're being very selective :). Not long ago it was 65 times it's 2017 value. My point stands, BTC isn't cheap right now.

Selective lol

 

You said it was 10 times cheaper 2 years ago lol

 

You are cherry picking the time frames

[ozimoron]

1 minute ago, Sparktrader said:

Selective lol

 

You said it was 10 times cheaper 2 years ago lol

 

You are cherry picking the time frames

By days at most.

[Sparktrader]

Cheap is relative. We dont own time machines. Otherwise we win lotto every week.

 

If btc hits $200,000 in 4 years it is cheap now. Very cheap.

 

 

[Sparktrader]

7 minutes ago, ozimoron said:

You seemed to be missing that I said BTC was approx 1/10th of its current value TWO (2) years ago.

 

Twitter is down about 20% on recent highs.

What was twitter  10 years ago?

[ozimoron]

3 minutes ago, Sparktrader said:

What was twitter  10 years ago?

A private company. The lowest price I can find for it was about 1/3 of current value.

[Sparktrader]

Amazon $2000 a share

 

In 2002 it was cents

[Sparktrader]

Btc up 2900 in 9 hours

[Sparktrader]

That shows strong support. If no buyers it wouldnt do that

[ozimoron]

3 minutes ago, Sparktrader said:

Amazon $2000 a share

 

In 2002 it was cents

I never called a time frame of ten years, it was two. Amazon is just over half what it was 6 months ago. Show me an asset class worth ten times in 2 years outside of crypto.

[Sparktrader]

Just now, ozimoron said:

I never called a time frame of ten years, it was two. Amazon is just over half what it was 6 months ago. Show me an asset class worth ten times in 2 years outside of crypto.

Btc is up 5x in 2 years not ten

 

[Sparktrader]

Plenty of shares go up 5x in 2 years.

[ozimoron]

Just now, Sparktrader said:

Btc is up 5x in 2 years not ten

 

It was up 10 times  in 2 years not very long ago. Some coins were up far more, LUNA being one of them.

[Sparktrader]

28,000/5000 is 460% gain

 

 

[ozimoron]

Just now, Sparktrader said:

28,000/5000 is 460% gain

 

 

65000 / 4000

[Sparktrader]

Just now, ozimoron said:

It was up 10 times  in 2 years not very long ago. Some coins were up far more, LUNA being one of them.

So who cares. It was a sell at 50k st

[Sparktrader]

Just now, ozimoron said:

65000 / 4000

U keep cherry picking numbers lol

[Sparktrader]

28,000 now

 

Lets see in 3 months

[ozimoron]

Just now, Sparktrader said:

U keep cherry picking numbers lol

I'm saying that it did achieve that multiple in that time frame. I'm right.

 

Yes, let's see in 3 months. The consensus I am seeing has an asset crash coming. We have had nothing but stimulus sine 2008 and most of that money has found it's way into the stock market. Now we are seeing hyper inflation worse than in 1980/82.

[ozimoron]

Right now I think we are seeing BTC benefit from some regular divergence on the 4 hour time frame. I believe it will continue to fall after that plays out.

[Sparktrader]

3 minutes ago, ozimoron said:

I'm saying that it did achieve that multiple in that time frame. I'm right.

 

Yes, let's see in 3 months. The consensus I am seeing has an asset crash coming. We have had nothing but stimulus sine 2008 and most of that money has found it's way into the stock market. Now we are seeing hyper inflation worse than in 1980/82.

Lets see

[Sparktrader]

Just now, ozimoron said:

Right now I think we are seeing BTC benefit from some regular divergence on the 4 hour time frame. I believe it will continue to fall after that plays out.

It aint going to $1000. Be amazed if it did.

[Sparktrader]

Up 3000 in 9 hours

[ozimoron]

1 minute ago, Sparktrader said:

It aint going to $1000. Be amazed if it did.

I would agree but I think 10K is not unrealistic. Maybe 15 but I won't buy until the macroeconomic picture starts to change, Russian war and inflation.