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Merged Bitcoin - Part 3

psionl0 said:
Of course you are. You are saying the equivalent of "you are a poopy head".
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If that's what you think, then you're just not thinking clearly. I'm not saying that you're an idiot, or dishonest. I'm saying that you are reflexively responding to any negative comment about Bitcoin, and then using the "BS" label to justify it even when the comments are completely reasonable.

Face it, you have a bias toward Bitcoin.

How should I classify this response? Non-sequitur? Projection? Another emotional and irrational attack?
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None of that makes any sense, so it's a strange list. It's clearly a jab, but once more you demonstrate that it's entirely accurate.
 
psionl0 said:
Repeating a lie doesn't make it true.
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It's not a lie if it's true, and you've demonstrated it time and time again.

Regardless, I am done with this petty squabble.
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Which you instigated. I was talking about BTC and it annoyed you so you attacked my comment. And now that it's not going your way you whine about it being a rules violation!
 
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I'm still investing in Bitcoin...

In my opinion this cryptocurrency is not reliable, but it will grow...

I even wrote my bachelor thesis about that.
 
The_Animus said:
I wouldn't be surprised if the current rise is at least partly related to the escalation of tariffs in the US/China trade war and the resulting dip in the stock market.
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8660 now. If a deal is reached with China I think it will drop hard. Otherwise the longer and uglier this trade war goes, the more it will keep creeping higher.
 
The_Animus said:
8660 now. If a deal is reached with China I think it will drop hard. Otherwise the longer and uglier this trade war goes, the more it will keep creeping higher.
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Bitcoin does seem to like bad news but you can't count on it to follow the news cycle.

The most recent price rises seem to have originated from a large buying spike in early April. Whether this was due to a whale pumping it or a larger number of speculators reading the economic tea leaves is hard to tell. Similarly, we don't know if this heralds a return to unbelievably high prices or if it will crash and burn long before then.

I suspect that FOMO is more likely to be driving the current trend than the trade war.
 
psionl0 said:
Bitcoin does seem to like bad news but you can't count on it to follow the news cycle.

The most recent price rises seem to have originated from a large buying spike in early April. Whether this was due to a whale pumping it or a larger number of speculators reading the economic tea leaves is hard to tell. Similarly, we don't know if this heralds a return to unbelievably high prices or if it will crash and burn long before then.

I suspect that FOMO is more likely to be driving the current trend than the trade war.
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Looks about right and this article looks like common sense, and could be the sagest I have read.

https://seekingalpha.com/article/4267195-bitcoin-bagholders-will-limit-rally

concludes:

"I'd personally prefer $8,850 cash right over a bitcoin, and since most people would likely make the same choice if given the option, this leads me to believe that bitcoin is overvalued. I see choppy trading with ultimately lower prices."
 
Samson said:
"I'd personally prefer $8,850 cash right over a bitcoin, and since most people would likely make the same choice if given the option, this leads me to believe that bitcoin is overvalued. I see choppy trading with ultimately lower prices."
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Yesterday's news. It is now $8,294.50 after peaking at over $9,000 (on the same day). I have had yo-yo's with less maneuverability than this. It could go anywhere up or down. Only The Shadow knows.



Norm



.
 
psionl0 said:
Confirmation bias.
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Yes, but confirmation bias does not equal wrong.
I studied the argument and ticked the logic.
Limited supply of bitcoin does not equal limited supply of crypto currency for example.
I have said repeatedly myself on thread, this is not smart to point it out, it is an axiom.
 
Samson said:
Yes, but confirmation bias does not equal wrong.
I studied the argument and ticked the logic.
Limited supply of bitcoin does not equal limited supply of crypto currency for example.
I have said repeatedly myself on thread, this is not smart to point it out, it is an axiom.
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You expect us to pay attention to somebody who doesn't know the difference between a Rolls Royce and a Volkswagon?

Norm's prediction is 10 times more reliable than yours - and he didn't even make one.
 
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