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Posted
2 minutes ago, stoner said:

around 14k. average drop after bull run is about 81 percent.

Yep agree.

 

About double shares. 41% avg bear mkt.

 

Next 3 to 5 months can buy great shares cheap.

Posted
Just now, Doctor Tom said:

Bitcoin, and its like, is a confidence, almost a fantasy proposition.  It has no intrinsic value and is not tied to any kind of financial  measures that can give investors any kind of reassurance, in other words, its more of a gamble that a reality.  While people think that it exists,  then it does exist,  The moment that they think that it doesn't exist, then it will disappear in a blaze of smoke and despair .  It is impossible to predict its future, as normally accepted economic drivers do not seem to be an influence on value. even over a short period, it could rise to unprecedented levels on a wave of blind confidence and speculation, or it could just as easily disappear, almost over night. To me, its an unjustified gamble, a bit like derivatives, or spread betting.  I would put them all in the same set.  This is, of course, a very personal view. 

Derivatives have time frame. They expire.

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Posted
30 minutes ago, Sparktrader said:

Some people might be jumping off buildings.

I have my share of building jumps, spans, cliffs and antennas even airplanes. Everything is possible ????

Posted
1 hour ago, CharlieH said:

I bet this country will be in trouble if it does......

 

"El Salvador became the first country in the world to adopt Bitcoin as official legal tender. President Nayib Bukele, a major crypto advocate, framed his country as a pioneer and launched a state-sponsored crypto wallet , volcano-powered crypto mines , and a utopic Bitcoin city"

Yep, when I was on assignment there in 1981, the currency was the Colón, it was pegged to the Dollar at a rate of 2 Colóns for one Dollar, which was also legal tender. Now the Colón got buggered and is worth about a tenth of a Buck. So let's not analyse this to death, but the Bitcoin is a..holed too..

Posted

 

Of course it won't go to zero. 

 

Personally, I think the bottom is in at the prior all time high in 2017, 19k.

 

I don't think there will be new all time highs until Dec, 2023.

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