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/biz/ - Business & Finance

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8853847 No.8853847 [Reply] [Original]

Veteran crypto trader here. In Q2 2017, BTC costs $1,700 and I told /biz that BTC will reach $10,000 in 2020 and I told everyone BTC is the best investment in crypto and everything else is a shitcoin.

I'm pretty comfy that I will 5x my $100,000 investment (58 BTC) in 2020.
(Take note that my initial investment is $6k and became very good at sniffing 3x-10x shitcoins. I stopped trading shitcoins when I reached $100k and start focusing only on BTC instead.)

Enter Q4 2017. Bitcoin is mooning like crazy. My $10,000 prediction for 2020 becomes a reality this too early!

When Bitcoin reach $7,000, I know we're entering the bubble phase. I have sleepless nights looking at the chart waiting for the right time to sell.

When BTC reach $10,000, I said to myself "That's it!". This is my original plan and I should stick to it. I sold my all my BTC for $615k that day. Then few days later BTC reached $14,000 then $18,000! I could become a millionaire that time but I knew it was a bubble. I'm already pretty comfy with the fact that I gained $615k (for the first time in my life)!

I still believe in BTC. But I also believe that you can't solve the scalability issue for any decentralized systems. The only way to solve the scalability issue is to use 3rd party payment processors like CoinBase, or Lightning Network.

I'm pretty sure a more robust and regulated 3rd party payment processor will be invented with "anonymous for the buyer, not the seller" and "instant" features, and it will become the normal way to send BTC. BTC needs regulation in order to be successful because everything in a society needs regulation.

I believe all of that and more will happen in 2020.

My analysis tells me that $6-7k is the healthy or stable price of Bitcoin right now ($9k+ is a bubble). My new prediction as for the Bitcoin's price in 2020 is $25k. My advice is to buy the BTC right now if you want to 3x your investment. Stop trading shitcoins with your money that you can't afford to lose.

>> No.8853862

>>8853847
fpbp

>> No.8853884

>>8853847
All that shit for a puny 3-5x

>> No.8853927

>>8853847
Based on what? I don't think we have hit the floor yet, but that is just my thoughts.

>> No.8853966

>I believe in LN
You're literally a retard. Hou just got lucky. Right place at the right time.

>> No.8853984

>Enter Q4 2017. Bitcoin is mooning like crazy. My $10,000 prediction for 2020 becomes a reality this too early!
nice try, but that's not how it works. if you predict a given price point at date x and your timeline is widely inaccurate, it means you're just throwing darts blind until one hits something. it means you were wrong

>> No.8853987
File: 254 KB, 1177x720, market.jpg [View same] [iqdb] [saucenao] [google]
8853987

Bitcoin is losing ground like crazy. There's no guarantee that it's going to moon again.
But then again it's about time this behemoth started losing steam and more of the money flows into the other coins.
Makes it possible to pull off those 100x gains again.
I think that the next bullrun is going to happen to one of these alternatives, not to Bitcoin itself.

>> No.8854005

>>8853847
>Stop trading shitcoins

thanks for the advise shill

>> No.8854021
File: 65 KB, 645x729, 8A134EFE-8B4D-4C02-9A11-B5D7CCD55ADA.jpg [View same] [iqdb] [saucenao] [google]
8854021

>>8853987
GEE LEMME GUESS WHICH ALT YOU MEAN!

SPLLLPBBBBPBT

>> No.8854075

>>8853987
It will have to be something that people can see, or at least imagine, every day use cases being not only possible and practilce, but incentivized. Basic attention token is the one you are looking for I believe

>> No.8854104

>everything is mooning like crazy while grandpa is in between heart attacks
>REEEEEE STOP TRADING ALTS
kys

>> No.8854180

>>8853987

In a bearish market, people loses hope and they think it will continue falling down forever. In a bullish market, everyone becomes super optimistic and forget the truth that at any moment, it will start crashing down.

Bitcoin losing ground like crazy because Bitcoin was mooning like crazy into a scary bubble. I knew that before everyone else and that's why I sold my coins at that time. Still, Bitcoin will survive not because of the speculation but because it will become a better way to make transactions digitally. On the other hand, Bitcoin will become less decentralized and more regulated but it is for our own convenience.

>>8853927
$6-7k is the equilibrium. Bitcoin's stable price increases with plus 0.5% of its price everyday. Yes there are moons and crashes but at the end of the day we will reach the stable price.

>> No.8854207

>>8853847
Agree

I can see around 4 shitcoins, ehm altcoins that are worth it rn tho, and neither is in top 100

Do you see any such coin OP?

>> No.8854416

>>8854180
> plus 0.5% of its price everyday
correction, it is 0.2%

>> No.8854425

HEXX

>> No.8854541

>>8854207

I'm the OP here, all altcoins (shitcoins) are motivated by money. And when developers are primarily motivated by money and not for its vision, it ends up that the result tends to be a shitty and unsuccessful product.

I only have 2 products in mind, one is actually not motivated by money and it's free (hence it's not well known in crypto space because of no PR/ads) while the other one is still unpopular and was actually developed by reputable and competent people that the developers in the top 30 coins are just shitty in comparison.

>> No.8854579

>>8853847
Ethereum and Litecoin has gone up more you filthy pleb.

>> No.8854610

>>8853847
>>8854180
What's this, a non-retarded poster
on MY biz?
I disagree that bitcoin needs regulation to succeed. If anything it needs real anonymity.
It would be good to get more protection for private sellers if that is possible. Right now selling bitcoin p2p is an unacceptable unbalanced risk on the seller's side.

>> No.8854749

>>8854610
In order for a product or service to be adaptable by the masses, it needs to be regulated.

In order for Bitcoin to become a real currency, it needs to be: practical, stable, secure, taxable and private. So far Bitcoin is not practical, stable, nor taxable but that will be easily solved by using 3rd party payment processors. But we really needed a robust payment processor right now that has no transaction fee (this is actually possible), privacy centric, and easy to regulate.

Removing anonymity for the sellers removes most of the fraud that is happening in the crypto right now, it is also a way to make refundable transactions. But we need to make the buyers anonymous so that our privacy and important informations remain safe.

>> No.8855245

>have a 250 word essay due by friday
>haven't even started
>just reading these dumb bitcoin posts
helpp

>> No.8855661
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8855661

>>8853847
Kek, we'll be $30k this summer.

>> No.8855683
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8855683

>>8854749
>by the masses
Here is what you absolute derpking fucktards don't get. We don't need the god damn masses, because the masses are poor.

Bitcoin is for the rich, to get richer. If your dumb ass still doesn't have at least 1 BTC, you deserve to stay poor and stupid.

>> No.8855691

>>8854749
lol fuck off kike

>> No.8855714

If you only have put that $100k in NEO

fking kike

>> No.8855765

>>8853847
Yeah 6-8 might be healthy but after overshoot comes undershoot

>> No.8855769
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8855769

>>8853847
>people will re-invest in an obsolete failing technology when better ones already exist.

>> No.8855804

>>8855245
>250 words
Someone ban the preschooler