Is it a good time to buy Bit coin now? It has dropped to US$34,156 today.

[nightsafari]

Come on, be a BTC convert just like good ole Jordan

er.... we know what happened to him the 1st time around...

 

[pvtpublic]

hah! you beat me to it. The energy cost is quite a big part of it, but also the hardware costs. These operations are hardly professionally run and accounted for. Most are prospectors and not businesspeople. Instead of amortized guess expensed immediately.

I'm with you on $20k+ per coin as theoretical NTA.

However, it is an NTA with no real value. Merely a hypothetical one. For a better description of the $20k+m try "sunk cost".

crypto is BS, but block chain is the real deal. It will take down all the middle men in the financial system, from bankers to lawyers.

 

[pvtpublic]

delete double post

 

[JohnTan]

Bitcoin is crap. There's only 21 million of them in circulation as compared to the global population of over 7 billion. It's not going to make for a suitable currency.

 

[JustOneSingh]

Bhai,

Do not buy anything when you cannot control external market forces.

 

[JustOneSingh]

Dammit! Looks like I am not retiring anytime soon.

Bhai,

Be a sniper.
Min USD$100K per kill.

 

[JustOneSingh]

No lah, I intend to hold long term and see what happens. It's long term gambling, let it do its thing.

Bhai,

How long term?
Do you have enough to sustain?
Financial management.

 

[glockman]

Bhai,

How long term?
Do you have enough to sustain?
Financial management.

10, 20 years? I intend to bring my investment to the after life and over to my new life!

 

[JustOneSingh]

10, 20 years? I intend to bring my investment to the after life and over to my new life!

Bhai,

Bots dont die.

 

[glockman]

Bhai,

Bots dont die.

Of course we do! Upgrades and new revisions come along and the old us get terminated.

 

[CoffeeAhSoh]

paypal?

which Trading Platform / App u using ? , Tks.

 

[CoffeeAhSoh]

Bitcoin is crap. There's only 21 million of them in circulation as compared to the global population of over 7 billion. It's not going to make for a suitable currency.

i hope Bro BCM has cleared his Long position ???

 

[Charlie99]

I think it will drop to below $20K. The big fishes who bought at $40K have cashed out and with news that FedReserve is mulling starting their own cryptocurrency, Bitcoin will be quite toxic for the next few years.

Stay away!

Do not invest your hard earned money in it.
If you have $1,000 to lose, and do not need it, then may be invest $1,000 in it.

 

[JohnTan]

i hope Bro BCM has cleared his Long position ???

Put your money into local property market. Condos are a good investment. If oppies had followed my advice, they would have made a fortune by now.

 

[CoffeeAhSoh]

 

[Hypocrite-The]

View attachment 149002

Will it go below 20k?

 

[CoffeeAhSoh]

next support at usd20k

 

[CoffeeAhSoh]

For the Brave one , can Short ....

 

[Hypocrite-The]

next support at usd20k

I was thinking 20k SGD

 

[CoffeeAhSoh]