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/biz/ - Business & Finance

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2086588 No.2086588 [Reply] [Original]

discuss

>> No.2086610

>>2086588

near the end. I think bitcoin going over $2000 is probably it but it might have already crashed. If you are increasing your stake in cyrpto atm you fucked up.

>> No.2086617

>>2086588
I've started to notice more discussion on biz about what the actual value in crypto is. There's always been discussion about "omg we're in a bubble", but this change is quite telling. People are starting to question if the price matches the value. We'll see where we go from here, can't really call anything.

>> No.2086632

>>2086588
There's also the psychological benchmark of gold price probably starting to play on peoples' mind. Some could be asking: Is any crypto really warranted as having a price greater than an ounce of gold, are we really at that stage yet?

>> No.2086652

Crypto is the future. Hop in or die poor, faggots.

>> No.2086667

>>2086588
Fucking XRP makes absolutely no sense. How the fuck is it gaining so much money? This is the biggest bubble I've seen so far.

>> No.2086674

>>2086632
Maybe not fully germane to the subject, but a crypto like Bitcoin has more value that Gold because of transportability. I can't ship an actual ounce of gold to china or India or Poland or cote d'ivoire.

And if I dont actually have the metal in hand, how is it actually different than bit? Either way I have to trust in the system, but with the block chain I am actually safer.

That said, I am holding .5 bit (which I mostly use for transactions, 45 ETH (purchased at 13, 15 and 17) and 2000 strat (purchased at $0.66)

Thinking of buying more ETH if it drops to $50 or stabilizes around $75. I think it has long term potential to go $120+ by end of year and $600+ by 2020.

Thats quite a speculation tho.

>> No.2086734

>>2086674
That's true, bitcoin does have the edge over precious metals in terms of being both an inflation hedge and having ease of transport. It's higher pricing is justified for that aspect.