- Jun 24, 2013
- 2,398
- 3,650
Oh boy! Bitcoin at $55k!
- Thread starter Brickbat1
- Start date
KingPluto
BANNED
- Nov 2, 2020
- 389
- 402
I'm just sceptical about the growth levels which are happening right now. I might be wrong (& most likely am).
No. Wait for a substantial dip.
Brickbat1
Elite Member
- Mar 22, 2010
- 2,366
- 1,391
Only if its not borrowed money. I still belong to the traditional school of thought of not using money you cant afford to loose. That said, chances of loosing substantial amount of your money (assuming you do not leverage) is is slim.
I would say wait for a retracement. Some will take profit and there should be a retracement of say 3-4k at least. . However, the market is not rational now, It can actually keep going because the liquidity crises is real. So do what is called cost averaging. It dips say 1or 2k , buy say 3k worth. It dips again 2k , buy again...and so on.
Everyone is waiting to buy on the dip so the train might leave you if you stay completely out waiting for a substantial dip.
*Disclaimer: not financial advice. Trade/buy at your own risk.
Sinnerbh
Regular Member
- Jul 26, 2019
- 324
- 149
if you want to wait couple years, yes. Otherwise don't .
- Nov 16, 2020
- 374
- 125
Exactly, you can never tell. A seller locked my coins on paxful for the past six days for his own profitable reasons and just released my btc after dispute today. I still left a positive feedback for him because the price of btc went up since that time that he locked my coins. I know he would have expected a negative feedback.
blackbeans
Elite Member
- Nov 29, 2008
- 9,247
- 4,808
Some analysts predict it will hit $400,000
Since it has a hard limit, it's easy to see why some people will consider it as an alternative to paper/fiat money
Since it has a hard limit, it's easy to see why some people will consider it as an alternative to paper/fiat money
ChillerNiller
Senior Member
- Nov 18, 2019
- 850
- 396
Have my fair share of bitcoins, but don't see it as long investment.
Sucks that because of mining, it is very hard to get new nvidia graphics cards :S
+ energy consumption is so high that, if it gets mainstream when everyone uses it every day - it will be serious hazard to the planet.
Bitcoin cash or nano might be the way
Sucks that because of mining, it is very hard to get new nvidia graphics cards :S
+ energy consumption is so high that, if it gets mainstream when everyone uses it every day - it will be serious hazard to the planet.
Bitcoin cash or nano might be the way
ImNotYourz
Registered Member
- Jul 12, 2013
- 57
- 45
I'm waiting to buy more on the dip. I've got my alerts set up for the price.
Dovina
Newbie
- Feb 17, 2021
- 7
- 7
Soon people will start using the power to mine BTC and heat their houses, many businessman in china working on products like that i think we will see selling worldwide from next year.
There are a lot of graphic cards in storage facilities but price is very high now..
Last edited:
ripmyfriend
Banned - Shitlisted and did not do the right thing
- Oct 4, 2020
- 631
- 386
Bitcoin is the future. Buy bitcoins
Hanh Tuyet Media
Newbie
- Jan 7, 2021
- 28
- 7
Unbelievable. It's crazy. It has grown tremendously
lifehero
Supreme Member
- Jan 26, 2018
- 1,420
- 945
there is also that thought that the entire market is changed as we know it and fundamentals are in fact also changed because of the changed world we live in now.
just a thought for food and food for thought to thought about when i think
- Jan 8, 2010
- 13,629
- 8,252
Current price
1 Bitcoin equals
56,182.20 United States Dollar
1 Bitcoin equals
56,182.20 United States Dollar
lentilmental
Regular Member
- Aug 29, 2020
- 232
- 71
What caused the current rise? It wasn't long ago there was a huge dip
Sinnerbh
Regular Member
- Jul 26, 2019
- 324
- 149
70% of energy used is by renewable energy, so this point about energy consumption is not valid
jonsnow2019
Regular Member
- Jan 16, 2019
- 278
- 295
Nice. It's definitely in high demand nowadays.
Demand. And Elon Musk put a Bitcoin image in his twitter pic yesterday.
Demand. And Elon Musk put a Bitcoin image in his twitter pic yesterday.
