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Bitcoin
#9021702
03/19/24 03:10 PM
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Joined: Dec 2011
Posts: 1,748
fredeboy
OP
Pro Tracker
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OP
Pro Tracker
Joined: Dec 2011
Posts: 1,748 |
again!
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Re: Bitcoin
[Re: fredeboy]
#9021705
03/19/24 03:20 PM
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Joined: May 2009
Posts: 24,365
dkershen
Rev Dave
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Rev Dave
Joined: May 2009
Posts: 24,365 |
Tumbling back down I assume?
To be sure of hitting the target, shoot first and call whatever you hit the target.www.NewHopeEquine.com - Health and Healing through Horses.
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Re: Bitcoin
[Re: fredeboy]
#9021706
03/19/24 03:20 PM
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Joined: Aug 2012
Posts: 15,574
TexFlip
THF Celebrity
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THF Celebrity
Joined: Aug 2012
Posts: 15,574 |
Gonna be volatile thru April
Just to make sure that it is done thoroughly, I go both ways.
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Re: Bitcoin
[Re: fredeboy]
#9021821
03/19/24 06:50 PM
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Joined: Jul 2008
Posts: 6,439
Chopped54
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jul 2008
Posts: 6,439 |
Hit an all time high, halves in April, should expect it to dip a little more before then.
Wealth is of the heart and mind and not of the pocket
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Re: Bitcoin
[Re: Chopped54]
#9021879
03/19/24 08:36 PM
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Joined: Aug 2005
Posts: 31,964
txtrophy85
THF Celebrity
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THF Celebrity
Joined: Aug 2005
Posts: 31,964 |
Hit an all time high, halves in April, should expect it to dip a little more before then. What do you mean "halves"? Like loses half its value?
For it is not the quarry that we truly seek, but the adventure.
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Re: Bitcoin
[Re: txtrophy85]
#9021887
03/19/24 08:56 PM
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Joined: Jul 2008
Posts: 6,439
Chopped54
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jul 2008
Posts: 6,439 |
Hit an all time high, halves in April, should expect it to dip a little more before then. What do you mean "halves"? Like loses half its value? Similar to stock splitting
Wealth is of the heart and mind and not of the pocket
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Re: Bitcoin
[Re: fredeboy]
#9021890
03/19/24 08:59 PM
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Joined: Jan 2011
Posts: 4,717
Lazyman
Extreme Tracker
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Extreme Tracker
Joined: Jan 2011
Posts: 4,717 |
Hopefully we are in a sub wave correction with another push to around 95k before halving...Then a major wave 4 correction to about 60k and then big push for wave 5 to 150k area.....
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Re: Bitcoin
[Re: Lazyman]
#9021897
03/19/24 09:03 PM
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Joined: Aug 2005
Posts: 31,964
txtrophy85
THF Celebrity
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THF Celebrity
Joined: Aug 2005
Posts: 31,964 |
Hit an all time high, halves in April, should expect it to dip a little more before then. What do you mean "halves"? Like loses half its value? Similar to stock splitting Hopefully we are in a sub wave correction with another push to around 95k before halving...Then a major wave 4 correction to about 60k and then big push for wave 5 to 150k area..... Help me out as I am ignorant about a lot of this stuff I sold my bitcoin about where it is now, missing the peak by about 3 weeks, after buying it too high several years ago. Made minor profit ( had I been buying a $100 or so every week as my financial advisor suggested I would have been in a lot better position!) When would one suggest would be the time to buy back in? When it peaked in 2021 around $64k it dropped briefly to the $30k’s then ran up again to around $63k before starting a gradual decline that lasted for 2 years before coming to recent highs. Is this gonna repeat again? Last time I bought it was just before the second peak after it had dipped and there was talk of a big “run up” to around the $75-$100k mark. Then it went to $17k/a coin
Last edited by txtrophy85; 03/19/24 09:18 PM.
For it is not the quarry that we truly seek, but the adventure.
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Re: Bitcoin
[Re: txtrophy85]
#9021935
03/19/24 10:21 PM
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Joined: May 2009
Posts: 24,365
dkershen
Rev Dave
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Rev Dave
Joined: May 2009
Posts: 24,365 |
Is this gonna repeat again? Last time I bought it was just before the second peak after it had dipped and there was talk of a big “run up” to around the $75-$100k mark. Then it went to $17k/a coin
It will until it doesn't. Guessing when it will or won't come back is a fool's errand IMO.
To be sure of hitting the target, shoot first and call whatever you hit the target.www.NewHopeEquine.com - Health and Healing through Horses.
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Re: Bitcoin
[Re: fredeboy]
#9022069
03/20/24 04:22 AM
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Joined: Jan 2008
Posts: 5,574
Leonardo
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jan 2008
Posts: 5,574 |
Ignorant on this subject as well. How can a Bitcoin split? Dont people own partials anyway? Can or has gold/silver split?
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Re: Bitcoin
[Re: fredeboy]
#9022145
03/20/24 01:39 PM
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Joined: Sep 2004
Posts: 10,854
DannyB
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 10,854 |
A Bitcoin is a unit of nothing. After the halving it will be half of a unit of nothing.
Some of us slightly older ones can remember a market crash or two. I remember October 19th 1987 like it was yesterday. I remember folks saying something like “Its all gone.” It wasn’t actually “all” gone, but mostly.
With Bitcoin, since it was units of nothing to start with, after the next crash it will still be nothing, just smaller units of nothing.
I’ve read a lot of financial articles over the years where they refer to market tops as like a bunch of investors in a theatre fire with a small door. Most of the patrons of that theater won’t make it out of the door.
Each stock, ETF, etc. can be considered to be it’s own theatre. Therefore when the Bitcoin Theatre catches fire, when it is all burned down there won’t be a tangible loss because there was nothing tangible to start with. These days after a big fire there will be people on TV saying “It’s all gone.” After the Bitcoin Theater fire Bitcoiners won’t be able to say “It’s all gone” because nothing is lost. It was nothing to start with, so it will still be nothing. I guess they can say nothing is left because nothing from nothing is still nothing.
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Re: Bitcoin
[Re: DannyB]
#9022304
03/20/24 06:44 PM
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Joined: Dec 2005
Posts: 35,501
Guy
THF Celebrity
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THF Celebrity
Joined: Dec 2005
Posts: 35,501 |
Some of us slightly older ones can remember a market crash or two. I remember October 19th 1987 like it was yesterday.
I was working at Shearson Lehman Hutton downtown Dallas at the time, one of the leading stock brokerage firms, as an assistant, while getting my undergrad at SMU. So I saw "Black Monday" melt down firsthand, a lot was learned from that. 1) What computer base trading can do, that is what drove the crash, computers out of control selling. 2) Unlike the crash of 1929, where investors wanted to buy but didn't have the money because they lost it, Allen Greenspan Chairman of the federal reserve, stepped in and provided liquidity to the markets, lending money to banks/investors wanting to buy at record low prices. My economics professor at the time was VP of Dallas Federal reserve, he loved talking about it. I do believe over time, as we better understand the market, we will see less and less volatility, and risk of a crash is less and less over time as a result. In regard to bitcoin, I think it has its place as a currency and will be around forever, but that is all it is, a currency, not an investment. It does not generate revenue and profit, it has gone up in value as the market is figuring out its value, but I suspect, long term, it will look like all other currencies (USD to Bitcoin, USD to Euro, USD to Pound Sterling, etc....) which will go up and down and up and down...but pretty much stay flat over time, like all currencies do.
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Re: Bitcoin
[Re: fredeboy]
#9022349
03/20/24 08:29 PM
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Joined: Jan 2013
Posts: 19,653
Pitchfork Predator
THF Celebrity
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THF Celebrity
Joined: Jan 2013
Posts: 19,653 |
Bitcoin is not a currency.
The coin is used to move currency for buying and selling circumventing the banking system.
The perceived value is what trades for buying and selling the coins. The coin itself is only worth what a buyer is willing to pay.
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Re: Bitcoin
[Re: fredeboy]
#9022352
03/20/24 08:36 PM
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Joined: Dec 2020
Posts: 1,422
Sewer rat
Pro Tracker
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Pro Tracker
Joined: Dec 2020
Posts: 1,422 |
Bitcoin isn’t splitting. The halving refers to how much bitcoin the miners get for cracking a block. There are huge mining farms that mine bitcoin and the amount they get for each time they crack a block is getting cut in half, which in theory makes it more valuable because it is harder to get.
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Re: Bitcoin
[Re: Pitchfork Predator]
#9022365
03/20/24 08:47 PM
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Joined: Dec 2005
Posts: 35,501
Guy
THF Celebrity
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THF Celebrity
Joined: Dec 2005
Posts: 35,501 |
Bitcoin is not a currency.
It's a cryptocurrency, by definition.
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Re: Bitcoin
[Re: fredeboy]
#9022366
03/20/24 08:47 PM
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Joined: Apr 2013
Posts: 8,502
freerange
THF Trophy Hunter
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THF Trophy Hunter
Joined: Apr 2013
Posts: 8,502 |
At some point in life its time to quit chasing the pot of gold and just enjoy the rainbow. FR Keep your gratitude higher than your expectations. RWH
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Re: Bitcoin
[Re: fredeboy]
#9022464
03/21/24 12:06 AM
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Joined: Nov 2009
Posts: 69,221
NORML as can be
^^Cut the Cord^^
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^^Cut the Cord^^
Joined: Nov 2009
Posts: 69,221 |
A lot of ignorance in this thread. Yall keep doubting bitcoin all the way till it reaches $1,000,000.00
(R-TX) .-- " TCNN CURL CRLB VFF VRNO AYR SNDL CGC TLRY MSOS "
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Re: Bitcoin
[Re: Guy]
#9022513
03/21/24 01:31 AM
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Joined: Jan 2013
Posts: 19,653
Pitchfork Predator
THF Celebrity
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THF Celebrity
Joined: Jan 2013
Posts: 19,653 |
Bitcoin is not a currency.
It's a cryptocurrency, by definition. Correct…. An encrypted coin that moves currency outside the banking system….
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Re: Bitcoin
[Re: Pitchfork Predator]
#9022519
03/21/24 01:40 AM
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Joined: Dec 2005
Posts: 35,501
Guy
THF Celebrity
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THF Celebrity
Joined: Dec 2005
Posts: 35,501 |
Bitcoin is not a currency.
It's a cryptocurrency, by definition. Correct…. An encrypted coin that moves currency outside the banking system…. It’s a digital currency. Don’t over think it.
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Re: Bitcoin
[Re: fredeboy]
#9022573
03/21/24 02:58 AM
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Joined: Sep 2004
Posts: 10,854
DannyB
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 10,854 |
I have read it more than once that the IRS will sooner or later crack down on unreported gains. I know a guy that cashed out of a large sum of Ethereum to pay some bills. I seriously doubt anything was declared. Crazy Elizabeth Warren has mentioned taxation numerous times.
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