Bitcoin rising

[Deeeefense]

As bitcoin hits $10K again, it's once again gaining interest. Using the logarithmic chart linked below that shows both historical and predictive trends, bitcoin would reach the price of $100,000 by August 2022.

bitcoin chart

 

[Tskware]

Not interested at any price, its a scam

 

[TurnipDaBeet]

Cash $ being phased out

Got my eye on IT

 

[argubs2]

 

[Deeeefense]

Not interested at any price, its a scam

J P Morgan Chase Buys 9000+ Bitcoins after Jamie Dimon threatens to fire any employee that owns it.
link

 

[BlueVelvetFog]

P Morgan Chase Buys 9000+ Bitcoins after Jamie Dimon threatens to fire any employee that owns it.
link

Guys a POS

 

[TurnipDaBeet]

 

[AustinTXCat]

When the market grew hot 2 years ago, I mined some alt currency for a while until electricity costs made mining prohibitive. Ended up selling one video card on the rig to a relative back in KY.

My cousin's husband is a retired stock broker (BBA from University of Miami + Series 7 and 63 licenses) and trades crypto-currency, in addition to his stock and options trades. After discussions with him early last year, he argued that trading rather than mining is the way to go. Nevertheless, I personally believe commissions in the crypto-currency space remain expensive compared with debt and equities trades.

Yeah, BTC is up ~35% YTD. I dunno. I might check it out further.

 

[funKYcat75]

I see the bitcoin a risin’.
I see some crypto on the way.
I see you throwin’ ‘way your money.
l see you working ‘til 88.

Don’t buy none tonight.
Its bound to take a slide.
There’s some bitcoin on the rise.

 

[AustinTXCat]

I see the bitcoin a risin’.
I see some crypto on the way.
I see you throwin’ ‘way your money.
l see you working ‘til 88.

Don’t buy none tonight.
Its bound to take a slide.
There’s some bitcoin on the rise.

[laughing]

Two years ago, my co-worker purchased $3,000 worth of Ripple (XRP) at an average price of roughly 0.75. Since then, XRP sank as low as 0.18 before rebounding recently to 0.27.

Right now might be a good time for jumping back in if you can average down in a decline and stomach the volatility. Trading fees are keeping me out.

 

[chroix]

Seems way too easy to manipulate prices/value to me. Upticks in value are based entirely on the markets perception of value and not any tangible changes correct? Seems way too fickle for long term.

 

[Tskware]

Seems way too easy to manipulate prices/value to me. Upticks in value are based entirely on the markets perception of value and not any tangible changes correct? Seems way too fickle for long term.

If it is produced by a guy in Asia who spent 100 hours mining one bitcoin, what is that to me? Gold, to which it is sometimes compared because both are rare, can be turned into jewelry and has other industrial uses. What does a bitcoin intrinsically do for anyone?

Euros are backed by the EU, the pound by the UK, dollars by the USA, etc. Bitcoin is backed by . . . . what???

 

[TheEgyptianMagician]

What does a bitcoin intrinsically do for anyone?

It can't be taken from you, which is less of a concern for us, now atleast since we don't have a socialist government, but that's where the real "value" in it is; it's wealth that the government can't steal from you at gunpoint or by currency manipulation like they could do to you in China if they wanted to.

 

[gobigblue812_rivals29381]

It can't be taken from you, which is less of a concern for us, now atleast since we don't have a socialist government, but that's where the real "value" in it is; it's wealth that the government can't steal from you at gunpoint or by currency manipulation like they could do to you in China if they wanted to.

Bitcoin can disappear at any time.

 

[TheEgyptianMagician]

Not really, it's computer code stored on computers in different locations (many)...

You'd have to take that all down, or the internet itself... in which case, you have bigger problems.

It's the future of money in some form or another becuase it removes friction, whether it's Bitcoin or the government itself issues some sort of green backs coin, who knows but that's the "value"... maybe something, maybe nothing

 

[Get Buckets]

Not really, it's computer code stored on computers in different locations (many)...

You'd have to take that all down, or the internet itself... in which case, you have bigger problems.

It's the future of money in some form or another becuase it removes friction, whether it's Bitcoin or the government itself issues some sort of green backs coin, who knows but that's the "value"... maybe something, maybe nothing

Hasn’t there been hundreds of millions in bitcoin heists/hacks?

 

[TheEgyptianMagician]

Those were exchanges where you can buy/sell, that's different than buying and then taking control of it, storing it yourself say on a USB thumb drive you put in your bank vault in Switzerland or Monaco or whatever... that's untouchable and yours unless someone puts a gun to your head and you take them there.

 

[Deeeefense]

Coinbase has optional "vaults" that can be set up for your CCs. One you transfer your CCs into a vault it requires two factor authentication and a 24 hour waiting period before the funds can be moved. You will be notified of any attempt to withdraw and you will have time to stop the transaction if it's not legit.
Coinbase's security has improved over time and is pretty much bullet proof now IMO>