"But remember this, until you convert your bitcoin to something else, it really is nothing. Just a number on a screen. No different than any other security."in the history of trading all things, no traded security has gone straight up defying gravity. When you do see this it creates a euphoria, FOMO (for of missing out), and people who are normally more level headed will eventually say what the hell. Have I looked at it? You bet.
This is all fine and I congratulate everyone who has made money here. But remember this, until you convert your bitcoin to something else, it really is nothing. Just a number on a screen. No different than any other security.
Also know that these meteoric rises can take weeks or months, or years....when, not if it starts to go the other way, the door out gets really really small. This means the rate of a sell off is much higher than the rate of growth.
One of the really interesting parts of this is that there are other competing crypto currencies. This means that people might jump from one ship to the next. This would also potentially excellerate a decline as people will see the brand X currency start to take off (FOMO).
will it be the end of bitcoin? Highly unlikely.
I dont own any bitcoin. I also am not advising people to buy it, not buy it, sell it, hold it, ignore it or what ever. I am also not ruling it out as a hedge and may in fact buy into it at some point. I would prefer to wait however for a really big sell off but thats just me.
how is bitcoin not a FIAT? To what standard is it measured?Bitcoin will eventually become unhinged from FIAT
no, I dont think it will sell off that much. However catching a falling knife has never really been appealing to me either.a big sell off, you mean like from $20k to $5k?
Because there's no central authority, bitcoin is a masterpiece of democracyhow is bitcoin not a FIAT? To what standard is it measured?
its not the only crypto currencyBecause there's no central authority, bitcoin is a masterpiece of democracy
Nor can it be printed
21 million
That's all there will ever be
Sureits not the only crypto currency
someone sent me al ink to that awahile back offering a free stock up to 500 bucks. just seemed like a scam at the time.I just threw a couple of grand into a Robinhood account to trade crypto. I was happy with my market gains, but this is too good to pass up.
So the starting balance for me is $1,000. Let's see if it shit's the bed now that I have a buy order for 0.02549792 BTC
Maybe we can build Duc a mosuleum if it keeps going up! Fill it full of vices to help guide his way through the afterlife.
The free share I got wassomeone sent me al ink to that awahile back offering a free stock up to 500 bucks. just seemed like a scam at the time.
Hey, fuck you guy! Here's my free stock link!just in case anyone else wants a free stock...apparently i get another one for everyone who signs up!
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Open a new account in the next 24 hours | Robinhood
There’s a free stock waiting for you. Sign up now to find out what free stock you’ll get. It could be a stock like Facebook, HP Enterprise, or Ford.join.robinhood.com
Traditionally, it has been VERY VERY illegal to print money. The Govt owns ALL money. FIAT. Guys that have tried it in the past, like the LIBERT DOLLAR, have gotten long sentences.how is bitcoin not a FIAT? To what standard is it measured?
EVERY COUNTRY REGULATES FIAT CURRENCYUnder 18 U.S. § 486, it's a criminal offense to make or pass any metal coins "intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design."
An offense is punishable with up to 5 years in prison, a fine, or both.
This prohibition arguably applies to paper money as well. Article 1, section 8, clause 5 of the U.S. Constitution gives Congress the power to coin money and regulate its value. The Justice Department believes this gives the federal government the "concurrent power to restrain the circulation of [private] money."
Downloaded from your link. I will dick around with it tonightjust in case anyone else wants a free stock...apparently i get another one for everyone who signs up!
![]()
Open a new account in the next 24 hours | Robinhood
There’s a free stock waiting for you. Sign up now to find out what free stock you’ll get. It could be a stock like Facebook, HP Enterprise, or Ford.join.robinhood.com
Well, that's one benefit of hard currency..."Stefan Thomas, a German-born programmer living in San Francisco, has two guesses left to figure out a password that is worth, as of this week, about $220 million."
Lot of that going on right now...
Kim Dotcom:
I think there is a significant devaluation of the U.S. dollar going on and that is driving the demand for cryptocurrencies. Digital currencies are now seen to be more stable than fiat currencies. If that trend continues, which I think it will, it’s going to accelerate the devaluation of fiat currencies. Therefore causing significant disturbances in the markets as well.
Sleepy Joe needs to deliver the stimulus todayGonna be over 40k any minute now.
pretty sure that until he becomes president, he cant actually deliver squat.Sleepy Joe needs to deliver the stimulus today
$2T or more should propel BTC over $40K and never look back
The dismal job numbers that just came out should ensure he delivers
$US is hemorrhaging anticipating the mega printing so the market is pretty much baking it in
That's a lot of coin!What a loser lol
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A man who says he threw away a hard drive loaded with 7,500 bitcoins in 2013 is offering his city $70 million to dig it up from the dump
James Howells, from Wales, threw away the hard drive containing the cryptocurrency in 2013. The trove, buried at a huge dump, is worth $275 million.www.businessinsider.com
wasnt there a story about the origins of bitcoin where the founders or whatever actually kept 50% of them right to start?It's estimated that 20% of bit coin has been lost.
I have no idea.wasnt there a story about the origins of bitcoin where the founders or whatever actually kept 50% of them right to start?
If you don't want to sell your position you can cost average it back some. It will cost more, but if you think BTC is an investment and you are doing more then just speculation, it could work in your favor. The first little dip I thought was interesting, this second one is possibly an actual correction. You can do cost averaging many ways but trying to guess the bottom of a correction is all but impossible.Well. I obviously put a few shekels into Bitcoin at the wrong time![]()