Official Bitcoin Thread

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It feels sooooo good when we catch an upswing tho...I think that’s why we can handle these dips...lol
 
you seem to be very persistent about btc going to 6k. why do you think it's going to 6k?
I've been doing bs TA and it seems like all the signs point to 6k. We held 6k too long last year to just breeze by it this year without much resistance at all...I'm not a chart guy at all, but sometimes the chart screams at you. Alot of people are still on the sidelines waiting to pull the trigger. 6k is a better buy in point than 10k... Big money moves are coming soon.

Took some profit on my litecoin buys earlier this year. Nothing much but I can pay my car note and buy some kicks for the month.

The move from 5k-8k was too sharp. Just look at the RSI and it'll tell you where we are going in the short term ..
 
its a catch22...only good things will come from KIN vs SEC. If KIN loses, they will expose and make regulation CRISP and CLEAR for all cryptocurrency moving forward. SEC will have no other choice in future than to approve ETF(s) since all the rules will be now officially laid out during these hearings. IF KIN/KIK wins...then it'll be a big boost for crypto as a whole (especially KIN/KIK). WIN/WIN.
 
its a catch22...only good things will come from KIN vs SEC. If KIN loses, they will expose and make regulation CRISP and CLEAR for all cryptocurrency moving forward. SEC will have no other choice in future than to approve ETF(s) since all the rules will be now officially laid out during these hearings. IF KIN/KIK wins...then it'll be a big boost for crypto as a whole (especially KIN/KIK). WIN/WIN.
Or they just nail them for not registering an offering bc it was just a scam to raise money to save the company from going out of business, and in the process pull the curtain back and show that most alts are the same. Not a terrible thing for crypto overall. It would consolidate the money into real projects.
 
No. They were losing $30m a year and were almost out of money. That's why they created a coin to sell.
Netflix loses money and they have MILLIONS of users subscribed monthly. Just because you don't know anyone that uses it doesn't mean much, its a lot bigger outside of the states.
 
Difference is Netflix and uber lose money because they’re reinvesting into the company to grow their product and user base. Netflix loses money to create content to increase subscribers. Uber loses money to work on their self driving car division to eventually decrease their costs (less workers) and to eventually license out their software (more money). There’s a distinct difference between those real companies creating tangible goods than a company that exists for people to message webcam models or whatever the hell kik is for.
 
Difference is Netflix and uber lose money because they’re reinvesting into the company to grow their product and user base. Netflix loses money to create content to increase subscribers. Uber loses money to work on their self driving car division to eventually decrease their costs (less workers) and to eventually license out their software (more money). There’s a distinct difference between those real companies creating tangible goods than a company that exists for people to message webcam models or whatever the hell kik is for.
Honestly, Uber is a poor example as it was a pyramid scheme from day one. Using investor money to subsidize rides to "create" a market. There was never a feasible way to make that company profitable, investors continue to pass the buck to other investors until it reached the mainstream in IPO to cash out.

Only hope they have is automated driving to make it an actual business, which there are several players capable of doing with far more money available once legal.

With that said, Kik was a scam and I don't know why anyone bought those useless tokens :lol
What a time :hat
 
Tesla x Uber merger :lol

I just bought into some hyped Tesla stock too...lmao
 
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