Is Bitcoin going to zero?

[Henryford]

On 6/21/2022 at 4:20 PM, Neeranam said:

Why can't these trolls that have come out the woodwork understand that it's almost impossible to lose with Bitcoin. Everyone who bought it more than 18 months ago is in profit!

The only way someone has lost is that if they bought it within 18 months and sold, which means they don't understand it. Us long-term holders are not in it for the quick gain. 

The trolls, who probably made a huge mistake by not buying, that could have affected their lives, seem to be sitting on the sidelines willing BTC to drop, so they can pat themselves on the back. I suggest you look up, "egoism and self-righteousness". You are being extremely immature. 

The whole essence of a Ponzi scheme is that the ones who get in early make money, paid for by the mugs who follow on. You were lucky, well done.

[fdsa]

3 hours ago, Henryford said:

The whole essence of a Ponzi scheme is that the ones who get in early make money, paid for by the mugs who follow on. You were lucky, well done.

are you talking about stocks?

[Heng]

23 hours ago, Henryford said:

The whole essence of a Ponzi scheme is that the ones who get in early make money, paid for by the mugs who follow on. You were lucky, well done.

The US SEC sure is being awfully lax about 20+ publicly listed companies taking part in an ongoing 'Ponzi' scheme in plain sight.  Maybe they are in on it too?   Or maybe they don't have the deep insight of some guys who used to live in Thailand and for some reason have really strong opinions about bitcoin on a Thailand related forum?

[Sparktrader]

23 hours ago, Henryford said:

The whole essence of a Ponzi scheme is that the ones who get in early make money, paid for by the mugs who follow on. You were lucky, well done.

So people who bought Apple shares early on did well on the ponzi 

[Hummin]

3 hours ago, Sparktrader said:

So people who bought Apple shares early on did well on the ponzi 

Maybe 30% here use a apple product on daily basis. I bought my first apple product in 1992, unfortunate no shares

[proton]

On 7/7/2022 at 1:25 PM, fdsa said:

are you talking about stocks?

Stocks have something behind them, crypto has only greed, hope and ignorance

[DontDoubtMe]

On 6/18/2022 at 11:03 PM, worgeordie said:

You said you bought at 23000 $ , and were going to buy more if it

dropped to 20,000 $ , they are below that now, did you manage to

buy many ? , good luck

regards worgeordie

Prime example of why you shouldnt listen to randoms on the internet. 

 

It's just an old guy who knows nothing. (And was extremely wrong). 

 

Not to mention how he posts on EVERY SINGLE thread on this forum. 

 

Pathetic? I'll let you decide

 

And yes call me crazy, but bitcoin will hit $150,000. + One day. 

 

I'm glad I kept all mine 😉

[Conno]

16 hours ago, DontDoubtMe said:

Prime example of why you shouldnt listen to randoms on the internet. 

 

It's just an old guy who knows nothing. (And was extremely wrong). 

 

Not to mention how he posts on EVERY SINGLE thread on this forum. 

 

Pathetic? I'll let you decide

 

And yes call me crazy, but bitcoin will hit $150,000. + One day. 

 

I'm glad I kept all mine 😉

100% correct my good chap, glad I kept all of mine too, after saying that have never been tempted to sell even after the deepest retracements. Amazing init how the no-coiners and Bitcoin haters just keep scaring everyone else out of getting onboard then either disappear never to spread their FUD again. Or just like Peter Schiff, never know when to accept defeat and shut it. It'll be zero next year lol.

 

Your not crazy mate I think $150,000 within the next 18 months. $1m+ sometime after the 2028 halving. Keep stacking those SATS and disregard the wise old AN 'experts'. 

Edited March 28 by Conno

[how241]

4 hours ago, JacksRiVe said:

Just thought I'd chip in my two cents here on the big question: "Is Bitcoin going to zero?" That's the million-dollar question everyone wants answered, right? But let’s be honest, it's as likely as pigs flying. Bitcoin's got a lot of staying power; it’s weathered storms before and come out swinging.

 

Edited April 18 by how241
typo errors.

[Negativ]

Just find out how much it costs to extract/produce a bitcoin right now.

You'll have your answer.

[Conno]

Is Bitcoin going to zero? People have been saying this since the days it went from $0.00 to $10. They'll still be saying it after it passes $1m. Peter Schiff anyone.

 

Bottom line is even though most focuses on price, fundamentally price is a symptom not a cause. The cause is it's the first intrinsically deflationary money we have ever had, whereas the garbage we call money today [currency not money] is a deflationary debt based disaster. 

 

I'd say the odds of Bitcoin going to zero are close to zero.

Edited April 19 by Conno

[Conno]

Happy Halving in 16 hours fellas [At the time of this post]

https://bitbo.io/halving/

 

[DontDoubtMe]

On 6/18/2022 at 11:03 PM, worgeordie said:

You said you bought at 23000 $ , and were going to buy more if it

dropped to 20,000 $ , they are below that now, did you manage to

buy many ? , good luck

regards worgeordie

Fyi btc has been in the $60,000 for a while now....

 

Arrogant old guys always talking #$it about btc. Lol

[JeffersLos]

On 7/7/2022 at 10:12 AM, Henryford said:

The whole essence of a Ponzi scheme is that the ones who get in early make money, paid for by the mugs who follow on. You were lucky, well done.

 

 

July 2022, when you posted this. $22,000

 

Now. $59,000.

[treetops]

21 hours ago, DontDoubtMe said:

Fyi btc has been in the $60,000 for a while now....

 

Arrogant old guys always talking #$it about btc. Lol

 

What was the price on 18th June 2022 when the post was made?

 

[goldenbrwn1]

On 8/15/2024 at 6:33 AM, treetops said:

 

What was the price on 18th June 2022 when the post was made?

 

Old guys??? Btc is a boomer coin mate, as an old guy I should know 

[spidermike007]

It's not an easy thing to predict, however one thing is for sure the economy is headed for a massive correction. Not just crypto but the stock market and the real estate market too. Most commodities will drop in value, how far they will drop is anyone's guess. If I had to guess I would say around $20,000 for Bitcoin and I could see the Dow dropping to 5,000. I think real estate prices will come down by at least 50% worldwide, over the next few years.

 

Gone are the days of long term investments. Everyone I know who is making money, is getting in and out and back in, at the right time. Static investing does not work anymore in this unstable economic environment. That will be especially so in the months and years ahead, where we are inevitably going to see massive turmoil, market swings and hyper inflation.

 

It's a very, very good time to be cash heavy, there are going to be major opportunities in the next few years, now is not a good time to be buying. 

Edited August 19 by spidermike007

[Hummin]

On 6/18/2022 at 2:36 PM, Adumbration said:

I predicted to a friend last week that I think it will find a floor around 10KUSD.  If you look at the life time graph that looks about right.  My friend argued tooth and nail with me that it would not drop below 20K.

 

What do you think....and why?

We know when the real panics starts, bitcoin will finely crash, but when we can only guess. 

 

What value do bitcoin have? Zero, zero value, there is nothing there without faith and a cult who keeps it alive and hangarounds who stay like religion until something new shows up. 

 

A hoax, a pyramid 

Edited August 19 by Hummin

[buick]

1 hour ago, spidermike007 said:

I could see the Dow dropping to 5,000

 

DJIA to 5,000 ?  it's at 40,000 now.

[Toby1947]

Couldn't give a toss as I ain't got any, CASH is KING.

[Hamus Yaigh]

2 hours ago, spidermike007 said:

however one thing is for sure the economy is headed for a massive correction.

 

No one is going to take a blind but of notice to a statement like this if you don't at least explain why?

[newbee2022]

On 6/18/2022 at 8:46 PM, 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. 

It's a bit difficult to play clairvoyant. At present there are around 18 million Bitcoins on the market. But the end will be at 21 mill. This might be around 2040, depends on how fast the Blockchain will grow. Then it might be zero or sky rocketing or something between.

[WorriedNoodle]

3 hours ago, spidermike007 said:

I could see the Dow dropping to 5,000.

So Jan-1996 levels eh? What are you smoking?

[spidermike007]

1 hour ago, Hamus Yaigh said:

 

No one is going to take a blind but of notice to a statement like this if you don't at least explain why?

If you're not aware of the economy being overheated, if you're not aware of high stock market levels being due to massive corporate staff cuts, stock buy backs, temporary enthusiasm over AI, and another half dozen reasons, if you're not aware of how over inflated the real estate market is, there's really nothing that I can do or say to explain it to you. 

[Will B Good]

Do I want it to go to zero?...........I'm torn........I have one bitcoin.........but I know Trump has a million $s worth

[mogandave]

9 minutes ago, spidermike007 said:

If you're not aware of the economy being overheated, if you're not aware of high stock market levels being due to massive corporate staff cuts, stock buy backs, temporary enthusiasm over AI, and another half dozen reasons, if you're not aware of how over inflated the real estate market is, there's really nothing that I can do or say to explain it to you. 

A correction in the residential real estate market would be a nightmare fo a lot of people.

[Hamus Yaigh]

9 minutes ago, spidermike007 said:

If you're not aware of the economy being overheated, if you're not aware of high stock market levels being due to massive corporate staff cuts, stock buy backs, temporary enthusiasm over AI, and another half dozen reasons, if you're not aware of how over inflated the real estate market is, there's really nothing that I can do or say to explain it to you. 

... but you said the Dow Jones Index goes back to 5000, which is where is last was 28 years ago. This isn't going to ring true for anyone I think.

[metisdead]

An inflammatory post has been removed, keep it civil please. 

[StandardIssue]

No, cryptocurrency adoption is almost inevitable. BTC being the first will probably more than likely be the digital gold. Store of value. The network is solid. It has not been successfully hacked yet. It will not be the day to day digital currency but a store of value, as it is now. I think a better question is, which of the Layer 1, Layer 2 tokens might be the global currency. This would be the trillion dollar question.

 

If anyone owns BTC now I'd not sell it. The price may wildly change over the months or years but historically it has been on a long uptrend since inception.

No, it's not going to zero.

Edited August 19 by StandardIssue

[spidermike007]

38 minutes ago, mogandave said:

A correction in the residential real estate market would be a nightmare fo a lot of people.

I agree. But, it will happen. It always does. The real estate market has been cyclical for at least 100 years. Every 15 years or so it drops. This one will be far more severe than in 2007-2010. Many good reasons for that.

 

In the US, mortgage applications have fallen by 28% from their peak, new home sales are down by 17% and housing starts have dropped by 13%, said Neil Shearing, chief economist at Capital Economics in a new research note. A similar story is playing out in the UK, Canada, Australia, New Zealand, and Sweden.