I've decided to buy 130k in BTC & put it into cold storage for 5 yrs.

[Pimike]

@dougtushyterror . did you see this? It's a good read, who the hell knows the future..A lot of people either like or hate this guy.

https://finance.yahoo.com/news/popular-crypto-analyst-warns-bitcoin-170355640.html

Good read.

Could be

 

[flyingillini]

Good read.

Could be

I don’t know how any of this works but if there is any truth to this and it very well could be the case. Peter Schiff will be floating from ear to ear if it happens

 

[Tanko]

@dougtushyterror . did you see this? It's a good read, who the hell knows the future..A lot of people either like or hate this guy.

https://finance.yahoo.com/news/popular-crypto-analyst-warns-bitcoin-170355640.html

Interesting view on the BTC situation.

Its hard to tell if some of these crypto experts are saying what they believe or if they are just trying to manipulate the market.

 

[dougtushyterror]

@dougtushyterror . did you see this? It's a good read, who the hell knows the future..A lot of people either like or hate this guy.

https://finance.yahoo.com/news/popular-crypto-analyst-warns-bitcoin-170355640.html

These guys always have a hidden agenda to be pushing this rhetoric. He could turn out to be 100% right or it could just be investment bias if he has significant investments in traditional assets.

 

[flyingillini]

These guys always have a hidden agenda to be pushing this rhetoric. He could turn out to be 100% right or it could just be investment bias if he has significant investments in traditional assets.

Like I said or I think I posted this, but I talk to a lot of people about this. I am not going back to read if I posted it or not. Here is my outlook on it. This thing is either going to a million or in the millions per coin in 10-20 years or it is going to be completely worthless and nobody will care in the future. It could get hacked, someone could screw all the numbers up, or it turns out to be worth 0. However, upside is exponential and it is crazy not to be invested in it. It is all relative to what someone feels comfortable with. I look at it like, if it goes to a million + a coin, then fantastic , if it goes to 0 or becomes basically worthless, it will suck but not the end of the world, life goes on either way. There is too much upside to not be invested.

 

[Tanko]

Like I said or I think I posted this, but I talk to a lot of people about this. I am not going back to read if I posted it or not. Here is my outlook on it. This thing is either going to a million or in the millions per coin in 10-20 years or it is going to be completely worthless and nobody will care in the future. It could get hacked, someone could screw all the numbers up, or it turns out to be worth 0. However, upside is exponential and it is crazy not to be invested in it. It is all relative to what someone feels comfortable with. I look at it like, if it goes to a million + a coin, then fantastic , if it goes to 0 or becomes basically worthless, it will suck but not the end of the world, life goes on either way. There is too much upside to not be invested.

I agree with Fly's point of view.
Its like holding a lottery ticket that may hit or may not.
IMO the difference is, BTC has better odds than a lottery ticket.

 

[jamesy2422]

Like I said or I think I posted this, but I talk to a lot of people about this. I am not going back to read if I posted it or not. Here is my outlook on it. This thing is either going to a million or in the millions per coin in 10-20 years or it is going to be completely worthless and nobody will care in the future. It could get hacked, someone could screw all the numbers up, or it turns out to be worth 0. However, upside is exponential and it is crazy not to be invested in it. It is all relative to what someone feels comfortable with. I look at it like, if it goes to a million + a coin, then fantastic , if it goes to 0 or becomes basically worthless, it will suck but not the end of the world, life goes on either way. There is too much upside to not be invested.

well said. it is worth the risk and better than most bets between risk and possible return.

 

[jjgold]

Long-term the stock market is way better. You can’t go wrong.

 

[flyingillini]

Long-term the stock market is way better. You can’t go wrong.

I think we see 75k-90k

 

[dougtushyterror]

Long-term the stock market is way better. You can’t go wrong.

Not even close. BTC has over a 6x higher return since it was established in 2012 (technically 2008). The lows are much lower than the SM but the highs are exponentially higher

 

[BigJay]

Not even close. BTC has over a 6x higher return since it was established in 2012. The lows are much lower than the SM but the highs are exponentially higher

View attachment 69569

Hey Doug how much BTC you have in the cold storage to date?

 

[dougtushyterror]

Hey Doug how much you have in the cold storage to date?

A little over 100k Jay since that's how much I put into it & it hasn't moved much either way since

 

[BigJay]

it hasn't moved much either way

 

[jjgold]

Stocks flying