1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
You missed my point. I'm not bearish on bitcoin at all. Hell, I got in a 8.8k earlier this year myself.
I'm saying if it does a 10x in 5 years , which it can - the average American with 600 dollars to throw at it isn't even seeing 6k.
But the reason why it's so great is the same reason why it will further accelerate the wealth gap. Institutions and the wealthy have the capital to throw at this asset to hedge their wealth significantly, while the poor don't.
heisenburrr
Have Fun Staying Poor
90% of bitcoin supply has already been distributed and it was when institutions werent in picture.
Brolic
High Value Poster
Do institutions have the majority of the coins now?
heisenburrr
Have Fun Staying Poor
The incuments don't, no, not close
i remember that coin. from like 2014
Maybe it should stay at 20k
We not going back to 20k. His tweet or my post won't age well. Lettuce sea.
Reality
Make your own luck.
This run has been crazy. My crypto portfolio is sitting at $27K, all BTC, on $20K invested capital since late Nov. - $5K of which was invested early this PM. And I'm up $7K.
I invested in 2017 too but this feels different - I definitely 'believe' in the idea now more given the handwringing I was doing for months re: what to do with my cash. Finding yield to withstand expected inflation while not being as bullish on the stock market and / or real estate given macro uncertainty has been the most important factor sitting on $100K+ in cash vs. like $30K when I invested the original time.
How are brehs thinking about trading in January? I'm basically in a holding pattern unless we get back to $23K / coin levels and my gains get wiped out completely as I'm also looking towards a home purchase as another inflation hedge.
Something I haven't heard discussed as well is what happens if the Dems win the senate on the 5th. I don't think that's priced in with respect to more stimulus / printed money and devaluation of USD.
I invested in 2017 too but this feels different - I definitely 'believe' in the idea now more given the handwringing I was doing for months re: what to do with my cash. Finding yield to withstand expected inflation while not being as bullish on the stock market and / or real estate given macro uncertainty has been the most important factor sitting on $100K+ in cash vs. like $30K when I invested the original time.
How are brehs thinking about trading in January? I'm basically in a holding pattern unless we get back to $23K / coin levels and my gains get wiped out completely as I'm also looking towards a home purchase as another inflation hedge.
Something I haven't heard discussed as well is what happens if the Dems win the senate on the 5th. I don't think that's priced in with respect to more stimulus / printed money and devaluation of USD.
calixprynce
...
profit taking is tempting cuz im up like $12K , but i truly believe in halving chart / s2f chart . Not to mention what you said in regards to the money printing machine and DXY . I would go crazy if i sold and my gut was right . i need every last sat
the bossman
Superstar
We don't live in a perfect world. But Put it this way If I'm poor I rather take the opportunity to have $600 worth of BTC now knowing it's early and where it's going in the coming years as a deflationary currency than to have $600 of inflationary cash racing to the bottom
Pacni99a12
All Star
Yo this shyt crazy right now. Almost 35k 
livindajetlife
Superstar
If I throw like a rack at bitcoin is that a waste of time or I need to do more?
