Replies to post #50226 on Bitcoin (BTCUSD)

[Brokemillwright]

No intrinsic value?? Come on it's rare, just like common sense and you can't put a price on that lol! I doubt it has anything to do with anything, but I find it a bit curious that $69,000.00 was the exact high and this time it hit $45,000.00 not a penny over or under.

[Mikey]

Trunk, i'm just along for the ride, while it lasts, in fact, i'm not even in BTC, i'm in a few Miners, which is gonna run with BTC for the most part, and only jumped on the bandwagon about a year ago. You are correct up to now with only retail, for the most part- we'll see how much juice the ETF's provide, imo, giving BTC a little more credibility, however the bottom line is there is NO Governance with BTC, 'pay your money and take your chances' and imo, the ETF folks will be throwing only 'speculative' money at it......But back to the Mid-East guys, they wrote the book on speculation in current times, some work and some dont, and quite honestly, I dont think they give a shit........they've lost over $2Trillion on oveseas investments, not to mention other items within the Arab world, but they had a lot of wins, also.........and my knee jerk reaction is they are going to come in bigly, through the ETF'S.....why you ask?.....because Oil reserves are probably good for another 75 years and then thats it, they are priming another pony! lol