Bit Coin = Cash = New Car = Gold !!

Discussion in 'Bullion Investing' started by mpcusa, Sep 8, 2021.

  1. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Trust me it does :)
     
    BasSWarwick likes this.
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  3. Mr Roots

    Mr Roots Underneath The Bridge

    When third grade math works one time in your favor and now you think you have the master formula.
     
    RD302 and Two Dogs like this.
  4. BasSWarwick

    BasSWarwick Active Member

    Try to follow the rule - "Cut your losses short and let your winners run"
     
    rte likes this.
  5. imrich

    imrich Supporter! Supporter

    That's interesting, as I have a similar departure program that took relatively little to establish, but like crypto, will take considerable effort to extract/reverse the equity I no longer need/desire.

    JMHO
     
  6. rte

    rte Well-Known Member

    Sounds like a true gambler, should move to a gambling town....O wait :p
     
    Mr Roots likes this.
  7. BasSWarwick

    BasSWarwick Active Member

    5% make money, 95% lose money. You have to make sure you are in the minority
     
  8. BasSWarwick

    BasSWarwick Active Member

    Bitcoin surged this morning after Fed Chairman Jerome Powell confirmed he has no intention of banning cryptocurrencies. When asked in a House Financial Services Committee about following in China’s example, Powell firmly said he’s not going to crack down on crypto.

    The statement was enough to send Bitcoin prices surging over $4,000.
     
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I would have to disagree with that statement when it comes to crypto
    it’s already arrived and will only get
    stronger just allot of haters out there ;(
    it’s actually very simple !
     
  10. BasSWarwick

    BasSWarwick Active Member

    Yes that probably applies more to share trading / forex trading
     
  11. justafarmer

    justafarmer Senior Member

    As Bitcoin becomes more generally accepted in commerce the more diluted its value becomes. 1 Bitcoin consists of 100 million separate block chains called Satoshi. Every time a Bitcoin is exchanged additional link is added to the block chain of each Satoshi (all 100 million) of that Bitcoin. Therefore with each transaction involving bitcoin the bitcoin grows in size taking up more space in your digital wallet and requiring more processing resources to verify authenticity of the underlying Satoshi due to the fact each one has increased in size by an additional link. Well this is my understanding of the situation.
     
    RD302 likes this.
  12. Mountain Man

    Mountain Man Supporter! Supporter

    I had no idea you could buy golf, nor that it came in ounces. I though one just played it. LOL
    Good for you on working the system.
     
    Kentucky and slackaction1 like this.
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I only buy my golf balls by the dozen
    but I guess if they were made out of
    gold I would change that…LOL
     
    Mountain Man likes this.
  14. BasSWarwick

    BasSWarwick Active Member

    Moved past the 50k mark overnight. Currently 51300

    Stop Loss in place to lock in profits
     
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  16. Kentucky

    Kentucky Supporter! Supporter

    Sincerely happy for you, think it is too late for me.
     
  17. BasSWarwick

    BasSWarwick Active Member

    Probably not to late if you are prepared to trade the swings.
     
    Kentucky likes this.
  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Have a sell at 55 and a buy at 39
    already set up.
     
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  19. -jeffB

    -jeffB Greshams LEO Supporter

    Four years ago, BTC broke $5000 for the first time. I figured I'd missed the best opportunity. Two months later, it spiked to almost $20000. A year after that, it was back under $4000.

    "Too late"? Doesn't matter whether the price is $5 or $5 million, if it can go up by 300% or down by 80% in the space of a year. Since you don't have to buy integer amounts, you can just put in however much money you care to, then wait for it to double. Or halve. Me, I hate rollercoasters.
     
    Kentucky likes this.
  20. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    your actually never to late for BTC, just setting realistic goals is all it takes
    like what I have set above, your still going to make money between the hash
    marks, regardless of the price.
     
  21. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    low or high, like I said your never to late, as BTC is like a yoyo and thats a good
    thing, just pick a dipping point and go for it :)
     
    BasSWarwick likes this.
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