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Merged Bitcoin - Part 3

Except the famous-for-being-famous do start out with sex tapes. I don't think you can do that with crypto.

Porncoin. I'm starting it. You heard it here folks, get in on the ground floor.

Buy your first Porncoin today. I accept cash, checks, credit cards (the actual cards, not credit card payments), gold bullion, rare signed first edition books, and Cuban Cigars.
 
ChrisBFRPKY, thanks for your posts. They're somewhat long, and I'm on my phone, so I'm not quoting them.

I take your point, that you personally have never had difficulty selling. That's a good input to have.

Whether a billion lot would face issues is probably irrelevant. In fact, ditto millions as well, although that was Captain Swoop's question -- irrelevant for most of us, that is. If thousands, and tens of thousands, never create problems -- a few hundreds of thousands, for bigger players -- then that's fine, for all practical purposes.

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Except for one concern: If a whale does download, would that upset the (liquidity) apple cart?

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As for my second post, sure, as you say the stock analogy holds, broadly, but the point is, some stocks are more liquid than others. That's one of the considerations that drives investments, at the individual level.

Your personal (and consistent) experience is probably representative, no reason why it shouldn't be. And I appreciate that input.

Would you have any broader measures of liquidity that you factor in when investing in BTC? Perfectly fine if not. I'm just looking for such information and general guidance as one can find by discussing with people better versed with BTC than I am, not really trying to argue any one particular position.

Billions are a normal part of daily BTC trading on the markets. The past 24 hours has BTC trading volume a bit over $65 billion. If a billionaire whale unloads at worst it's a hiccup in the market.

A few days spent with study and watching the BTC markets would give you a better idea of what's happening.

As far as liquidity, there are several bullion suppliers that accept crypto payments. I'm told paypal does as well but I haven't personally tried it. Try that with stocks.

I suspect many BTC holders/traders also like precious metals.
It's a safe bet that they're likely only investing day trade profits though and not their BTC. It'd be kinda silly to trade your coin hodl for something that doesn't increase in value very much. To me, if one dedicates a percentage of trade profits into bullion it's kinda like getting free precious.

Full disclosure: I am not and would not day trade BTC during a bull run. One can get bit very quickly by one short squeeze. ALT coins are a different animal though, they tend to do all kinds of weird stuff during bull runs.
 
Porncoin. I'm starting it. You heard it here folks, get in on the ground floor.

Buy your first Porncoin today. I accept cash, checks, credit cards (the actual cards, not credit card payments), gold bullion, rare signed first edition books, and Cuban Cigars.

Too late Joe, I think there was a porn coin created several years ago.
(yep, just checked it went live in 2017 ANN was at Bitcointalk)
 
Panic selling underway. Did Musk accidentally highlight the absurdity of cryptos?
 
The difference is that companies that trade on the stock market have earnings. Stock prices can only drop so far before buying pressure picks them back up.

Who in their right mind wouldn't be willing to spend $1million to buy a company that has a profit of $1million per year? Even if you don't have $1 million in your pocket that's an easy loan to get. Prices wouldn't even need to drop that far before buying pressure kicks is. Even at a guaranteed 30% or even 20% yearly return (net present value of future profits) would mean every available dollar would be pumped back into the stock market. This would even include the money the first sellers received for their stock, assuming that were deposited in a bank or used to by short/long term securities.

The exact same is true of Bitcoin. The price can only drop so far before buying pressure kicks in. Look at March 2020.

Be honest with yourself. If you could time travel back to March 2020 and pick up some ~$3000 Bitcoin, you would.

Crypto is risky, hence the reward. As with any investment one should not invest more than they're willing to lose. If you believe investment in the stock market is safe, keep the faith. If you believe one stock investment will return a life of luxury in a year or two, keep the faith. No judgements.
 
Be honest with yourself. If you could time travel back to March 2020 and pick up some ~$3000 Bitcoin, you would.
.

Yeah but that's meaningless. If I could go back to 1635 and buy a bunch of tulips or back to 1990 and buy a bunch of e-commerce sites I'd do that too.

All get rich quick schemes work in hindsight.
 
Yeah but that's meaningless. If I could go back to 1635 and buy a bunch of tulips or back to 1990 and buy a bunch of e-commerce sites I'd do that too.

All get rich quick schemes work in hindsight.


There's always tons of money to be made or lost when it comes to speculating in volatile markets.

Bitcoin has undoubtedly been profitable for people. Whether or not it has been socially valuable is another matter entirely. Somehow I don't see how shoveling coal into the crypto money machine is a beneficial endeavor for anyone besides the person standing to make a quick buck.

ETA: As always, our most vulnerable communities are left to fend for themselves in the cruel world. Won't anyone think of the Gamers? Free the GPUs!
 
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Crypto is risky, hence the reward. As with any investment one should not invest more than they're willing to lose. If you believe investment in the stock market is safe, keep the faith. If you believe one stock investment will return a life of luxury in a year or two, keep the faith. No judgements.
But just like the stock market, there are a variety of levels of risk. Bitcoin is high risk, high reward, because it is extremely volatile. Etherium is more stable, so it is a lower risk, but also a lower reward.
 
Stop typing about matters you clearly don't understand. Please.
I watch bitcoin because it is a 24/7 market for tick watching addicts like me.
I do occasionally do other things like a day job and squeeze a little time for the kids.
That was panic selling.
You are welcome.
 
I watch bitcoin because it is a 24/7 market for tick watching addicts like me.
I do occasionally do other things like a day job and squeeze a little time for the kids.
That was panic selling.
You are welcome.

You have no idea what panic selling is... skimming TA-course hawking websites is no substitute for an actual basic understanding of market dynamics.
 
But just like the stock market, there are a variety of levels of risk. Bitcoin is high risk, high reward, because it is extremely volatile. Etherium is more stable, so it is a lower risk, but also a lower reward.

Alt coins are great. Some have higher returns than BTC. We don't talk about them as much in this thread as it's mainly a Bitcoin thread though.

No arguments here. Ether has increased in value more than Bitcoin since March 2020. I don't remember the exact price it was then but it was cheap and I considered buying some and didn't. (Hindsight sucks at times)
 
The exact same is true of Bitcoin. The price can only drop so far before buying pressure kicks in. Look at March 2020.

No it's not. The net present vale of future earnings for bitcoin is zero. Business, on the other hand, earn profits that be used to finance justify owning them even if you never sell.

The price can only drop so far before buying pressure kicks in.

No. It's entirely possible for the price of bitcoin to drop to zero without any buying pressure kicking in. The ONLY way to make a profit with bitcoin is to sell it, Stocks and Bonds earn profits even without selling, this sets the floor on how far they can drop before buying pressure sets in.

Be honest with yourself. If you could time travel back to March 2020 and pick up some ~$3000 Bitcoin, you would.


Sure, but I'd also buy Netscape at it's IPO in 1995, AOL in 1992, Yahoo in 1996 and Japanese realestate in 1979. "If I had bought here and sold there I would have made $$$$$$ is the biggest red herring in investing. Unless you have an actual time machine or psychic powers you may as well be buying lottery tickets"
 
When owning bitcoin pays dividends then it will be comparable to stocks. Stocks represent ownership in a business that has a value and profit in some way. The whole way stocks have been growing while GDP has shrunk shows that there is something very fishy in the stock market as a measure of the economy.
 
When owning bitcoin pays dividends then it will be comparable to stocks. Stocks represent ownership in a business that has a value and profit in some way. The whole way stocks have been growing while GDP has shrunk shows that there is something very fishy in the stock market as a measure of the economy.

I'm not saying it's happening here, but there are conditions under which profitability goes up during an economic decline. FWIW there are quite a few high value stocks where their earnings don't justify the price and it's not readily apparent how they can further monetize their product.

Then again I don't buy Google stock back around 2000 because it wasn't obvious to me where their earnings would come from. I don't view this as a wrong decision though, "if you don't understand how it will earn money don't buy" is a pretty good rule for investing.
 
No it's not. The net present vale of future earnings for bitcoin is zero. Business, on the other hand, earn profits that be used to finance justify owning them even if you never sell.



No. It's entirely possible for the price of bitcoin to drop to zero without any buying pressure kicking in. The ONLY way to make a profit with bitcoin is to sell it, Stocks and Bonds earn profits even without selling, this sets the floor on how far they can drop before buying pressure sets in.




Sure, but I'd also buy Netscape at it's IPO in 1995, AOL in 1992, Yahoo in 1996 and Japanese realestate in 1979. "If I had bought here and sold there I would have made $$$$$$ is the biggest red herring in investing. Unless you have an actual time machine or psychic powers you may as well be buying lottery tickets"

Kinda like gold. It's not really a business.


It hasn't happened yet. Bitcoin has always snapped back from a decline, whereas many business have went under.

When owning bitcoin pays dividends then it will be comparable to stocks. Stocks represent ownership in a business that has a value and profit in some way. The whole way stocks have been growing while GDP has shrunk shows that there is something very fishy in the stock market as a measure of the economy.

There are Bitcoin interest accounts. They work. Businesses on the other hand may fail. You're onto something about the stock market being fishy. You can't have a shut down economy and thriving business at the same time. (With the exception of those businesses that actually benefit from a shut down that is.) I'm sure the mask and hand sanitizer makers have been doing great.

Almost everything else is being propped up with money from the Federal Government. Money they seem to bring into existence by the truckload as often as they wish. Most may not realize this or even want to accept it but the stock market is a house of cards at this time. It's a lie and the frightening part is that the truth is coming...
 

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