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Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates

 
Anonymous Coward
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02/18/2021 08:48 AM
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Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
[link to finance.yahoo.com (secure)]

(Bloomberg) -- Bitcoin’s incredible rally shows little sign of abating yet after the token jumped past $52,000 for the first time.

The largest cryptocurrency was little changed in Asian trading Thursday at about $52,100 after a fivefold surge in the past year

Bitcoin’s rally for some is emblematic of speculative froth in financial markets awash with stimulus. The crypto faithful counter that the digital asset is grabbing more mainstream attention, especially after Tesla Inc.’s recent $1.5 billion purchase. MicroStrategy Inc. boosted its convertible debt sale to buy Bitcoin by nearly half to $900 million and cut the coupon to 0%, making it virtually a straight bet on the price of the cryptocurrency.

MicroStrategy’s step is “a warning sign if there ever was one that things are getting out of hand in the crypto world,” Jeffrey Halley, a senior market analyst at Oanda Asia Pacific Pte, wrote in emailed comments.

Others take a different view, contending that demand from institutional investors and companies is set to expand, driving further gains.

“There are a number of reasons why Bitcoin is soaring, but what stands out most is the trend that MicroStrategy started and Tesla popularized: moving institutional balance sheets into Bitcoin to hedge against inflation,” said Nicholas Pelecanos, head of trading at NEM.

Activity in Bitcoin futures suggests traders don’t see a sudden end to the crypto rally, with spreads continuing to widen between the active contract and March futures, according to data compiled by Bloomberg.

Shares of Asian crypto-linked companies have advanced, too. Japan’s Monex Group Inc. jumped 11% to hit a 13-year high on Wednesday, while BC Technology Group Ltd. in Hong Kong closed at a record. Both stocks were down Thursday in Asia, though.

JPMorgan Chase & Co. strategists said Bitcoin’s volatility needs to ease to prevent its rally from fizzling. Other commentators see a mania likely to end in a bust akin to the implosion in 2017.

The digital coin’s 60-day realized volatility is around the highest since May last year, though still below the levels seen around the peak of its last boom some three years ago.
Anonymous Coward
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02/18/2021 08:49 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Not crypto mania. Fiat collapse mania.
Anonymous Coward
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02/18/2021 09:02 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
I'm telling something is wrong


every alt shit coin is supposed to be double what it is now.

when bit coin goes up it takes the shit coins with them, but the shit coins stay the same and you can't make money
Hydromage

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02/18/2021 09:08 AM

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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
The Tether is about to be cut off and mass production of fake digital dollars flowing into Butcoin will end on Feb 22...and then it all falls down.
I control the water
Anonymous Coward
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02/18/2021 09:11 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
bitcoin is the purest definition of a PONZI SCHEME

the whole thing will keep on going while there are suckers that keep pumping the money in and keeping the system sustainable

one day, the same way it hit record heights, it will even more mightier carsh and burn

until then, the mob, criminals will keep using it to launder their illegal, shady, black money and pumping the system

once the Government starts taxing your withdrawals and other general transactions epic

epiclol
CharlieFoxtrot

User ID: 78092574
United States
02/18/2021 09:14 AM

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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
That CEO of Microstrategy is 110% all in on bitcoin.
Dude is wicked smart, and he makes very good arguments.
He could be wrong, or he could be right. I guess we'll find out eventually.

Funny thing about these bitcoin headlines, prices move so fast that they're practically obsolete by the time they trickle down to us.
Anonymous Coward
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02/18/2021 09:16 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
I pity anyone that buys in @ 50k. Rich folk can lose thier was, and walk away...you can’t.
Judethz
Israel is Eternal

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02/18/2021 09:18 AM

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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
spoofy

If it seems too good to be true...
44 Legend

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02/18/2021 09:20 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Check out stock AABB, Asia Broadband. This is a mining company that is launching a GOLD backed Cryptocurrency next week. This is a stock play and a crypto play.

[link to www.marketwatch.com (secure)]
Anonymous Coward (OP)
User ID: 79647446
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02/18/2021 09:21 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Thanks for the pine.

My shitcoins have gone up 200% since 2019.

Coinbase is about to go public so get on board while the gettin's good.
Anonymous Coward
User ID: 80010654
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02/18/2021 09:22 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
this is bad really
Anonymous Coward
User ID: 78827164
02/18/2021 09:23 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
do you know that less than 0,5% of all bitcoin holders, own more than 90% of all the assets, bitcoins, total worth of the wealth

how do you plan to resolve this wealth inequality peepz?

gonna be a great society with a handful of people, hands owning almost all of them cruise
Anonymous Coward (OP)
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02/18/2021 09:24 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
I pity anyone that buys in @ 50k. Rich folk can lose thier was, and walk away...you can’t.
 Quoting: Anonymous Coward 78227579


You don't have to buy a whole coin @ 50gs.

I just bought my first bitcoin last week but only 10 bucks worth. It's making more $ than my savings account or my silver.

You don't have to be a high roller to make $ in crypto. And it's easy peasy.
- Ray -Moderator
Forum Administrator

02/18/2021 09:24 AM

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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Thanks for the pine.

My shitcoins have gone up 200% since 2019.

Coinbase is about to go public so get on board while the gettin's good.
 Quoting: Anonymous Coward 79647446


When is the coinbase IPO?
Few will listen,
Of the few who listen, fewer still will understand,
Understanding does not mean believe,
Of the handful who believe, most may not know what to do,
Those who even know, how many will actually do ?
And the rare ones who have done it.......
Need not listen to you anymore.
Anonymous Coward
User ID: 79690401
United States
02/18/2021 09:25 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Haha - Silver is blowing its breath into the Bitcoin-Bubble

rex

epiclol
Starburne

User ID: 80054773
South Africa
02/18/2021 09:28 AM

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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Not crypto mania. Fiat collapse mania.
 Quoting: Anonymous Coward 78855404


Thiss ^^

To the Moon!

seal
Anonymous Coward
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02/18/2021 09:29 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Bitcoin will never be $1
Bitcoin will never be $100
Bitcoin will never be $1000
Bitcoin will never be $10000
Bitcoin will never be $20000
Bitcoin will never be $40000
Bitcoim will never be $50000 <--- You are here

The last 10 years of Bitcoins life according to retards
Anonymous Coward
User ID: 78827164
02/18/2021 09:29 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Thanks for the pine.

My shitcoins have gone up 200% since 2019.

Coinbase is about to go public so get on board while the gettin's good.
 Quoting: Anonymous Coward 79647446


When is the coinbase IPO?
 Quoting: - Ray -


isn't this a bad idea? imagine what will happen one day when COINBASE is merged in the STOCK MARKET and the same goes bust, crashes, their shares, stocks fall and maybe evaporate, people will lose all their money that are operating on that platform
Anonymous Coward
User ID: 78827164
02/18/2021 09:30 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Bitcoin will never be $1
Bitcoin will never be $100
Bitcoin will never be $1000
Bitcoin will never be $10000
Bitcoin will never be $20000
Bitcoin will never be $40000
Bitcoim will never be $50000 <--- You are here

The last 10 years of Bitcoins life according to retards
 Quoting: Anonymous Coward 73534831


keep feeding the ponzi scheme
Anonymous Coward (OP)
User ID: 79647446
United States
02/18/2021 09:37 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Thanks for the pine.

My shitcoins have gone up 200% since 2019.

Coinbase is about to go public so get on board while the gettin's good.
 Quoting: Anonymous Coward 79647446


When is the coinbase IPO?
 Quoting: - Ray -


Trin I can't find a set date, just "soon"
CharlieFoxtrot

User ID: 78092574
United States
02/18/2021 09:38 AM

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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Bitcoin will never be $1
Bitcoin will never be $100
Bitcoin will never be $1000
Bitcoin will never be $10000
Bitcoin will never be $20000
Bitcoin will never be $40000
Bitcoim will never be $50000 <--- You are here

The last 10 years of Bitcoins life according to retards
 Quoting: Anonymous Coward 73534831


This, the doom callers may eventually be right, but BTC is going to triple before that happens.

Last Edited by CharlieFoxtrot on 02/18/2021 09:38 AM
Anonymous Coward
User ID: 79281006
United States
02/18/2021 09:39 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Thanks for the pine.

My shitcoins have gone up 200% since 2019.

Coinbase is about to go public so get on board while the gettin's good.
 Quoting: Anonymous Coward 79647446


When is the coinbase IPO?
 Quoting: - Ray -


isn't this a bad idea? imagine what will happen one day when COINBASE is merged in the STOCK MARKET and the same goes bust, crashes, their shares, stocks fall and maybe evaporate, people will lose all their money that are operating on that platform
 Quoting: Anonymous Coward 78827164


Kraken is better, fees are half of coinbase. But it's hard as hell to fund an account from fiat.

So I fund a coinbase account. Buy xbt, then move it to kraken. Cheapest and easiest thing to do.

But I do high frequency trading with xbt, so the difference between .5% and .26% matters when your trading on the 1% swings.
Visitor
User ID: 78037273
United States
02/18/2021 09:41 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Thanks for the pine.

My shitcoins have gone up 200% since 2019.

Coinbase is about to go public so get on board while the gettin's good.
 Quoting: Anonymous Coward 79647446


When is the coinbase IPO?
 Quoting: - Ray -


You can buy the option, now

Price discovery is at 303.00 per share
Visitor
User ID: 78037273
United States
02/18/2021 09:43 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Thanks for the pine.

My shitcoins have gone up 200% since 2019.

Coinbase is about to go public so get on board while the gettin's good.
 Quoting: Anonymous Coward 79647446


When is the coinbase IPO?
 Quoting: - Ray -


isn't this a bad idea? imagine what will happen one day when COINBASE is merged in the STOCK MARKET and the same goes bust, crashes, their shares, stocks fall and maybe evaporate, people will lose all their money that are operating on that platform
 Quoting: Anonymous Coward 78827164


Bakkt.
Anonymous Coward
User ID: 79690401
United States
02/18/2021 09:43 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Thanks for the pine.

My shitcoins have gone up 200% since 2019.

Coinbase is about to go public so get on board while the gettin's good.
 Quoting: Anonymous Coward 79647446


When is the coinbase IPO?
 Quoting: - Ray -


You can buy the option, now

Price discovery is at 303.00 per share
 Quoting: Visitor 78037273


Price Discovery

:above_epiclol:
Anonymous Coward
User ID: 43470531
United States
02/18/2021 09:43 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Bitcoin is the major step into the total "command and control" digital economy.

When Goldman Sachs and JP Morgan (who literally ARE the Federal Reserve) is getting involved, you know a major paradigm shift is about to happen.

My guess is bitcoin is an intermediary step between cash and the total digital economy. There will be a new crypto, created and managed by the Fed Res/World Bank/IMF etc, that all the big players will jump ship to and bitcoin will crash, leaving those out of the loop of the "when" this transition comes penniless.

This is a good chance to make a quick buck while protecting your purchasing power if you stay on the ball and see where the wind is blowing. Because any way you cut it, the US dollar is done. Unsustainable. Inflation is already through the roof and only going to get worse. Money in a savings account is pointless.

Fact is, all the precious metals are gone. There will never be a "gold backed dollar" as it would inhibit the big players from continuing their scam. Gold and silver will rise in relation to the dollars drop, but there just isn't enough out there to cover the sheer amount of fiat dollars in circulation.

If you want to take the chance, this is the last opportunity to get into the crypto game before the prices become prohibitive. But be on the ball and know that a time will come where the transfer of wealth from bitcoin into "X digital currency" is coming. Knowing when to jump ship with the big players is key.
Anonymous Coward
User ID: 79732732
United States
02/18/2021 09:45 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Not crypto mania. Fiat collapse mania.
 Quoting: Anonymous Coward 78855404


THIS
Anonymous Coward
User ID: 79847640
United States
02/18/2021 09:48 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Bitcoin is the major step into the total "command and control" digital economy.

When Goldman Sachs and JP Morgan (who literally ARE the Federal Reserve) is getting involved, you know a major paradigm shift is about to happen.

My guess is bitcoin is an intermediary step between cash and the total digital economy. There will be a new crypto, created and managed by the Fed Res/World Bank/IMF etc, that all the big players will jump ship to and bitcoin will crash, leaving those out of the loop of the "when" this transition comes penniless.

This is a good chance to make a quick buck while protecting your purchasing power if you stay on the ball and see where the wind is blowing. Because any way you cut it, the US dollar is done. Unsustainable. Inflation is already through the roof and only going to get worse. Money in a savings account is pointless.

Fact is, all the precious metals are gone. There will never be a "gold backed dollar" as it would inhibit the big players from continuing their scam. Gold and silver will rise in relation to the dollars drop, but there just isn't enough out there to cover the sheer amount of fiat dollars in circulation.

If you want to take the chance, this is the last opportunity to get into the crypto game before the prices become prohibitive. But be on the ball and know that a time will come where the transfer of wealth from bitcoin into "X digital currency" is coming. Knowing when to jump ship with the big players is key.
 Quoting: Anonymous Coward 43470531


So many words just to reveal yourself as the dipshit retard you are. Well done!

lol
Anonymous Coward
User ID: 78037273
United States
02/18/2021 09:48 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Bitcoin will never be $1
Bitcoin will never be $100
Bitcoin will never be $1000
Bitcoin will never be $10000
Bitcoin will never be $20000
Bitcoin will never be $40000
Bitcoim will never be $50000 <--- You are here

The last 10 years of Bitcoins life according to retards
 Quoting: Anonymous Coward 73534831


This, the doom callers may eventually be right, but BTC is going to triple before that happens.
 Quoting: CharlieFoxtrot


Woo Hoo!

Take massive risk to double or triple from here.

ADA...yet to moon
XRP...yet to moon
XLM...yet to moon

UNI
LINK
FIlE

Oops,sure I guess all that risk to double or triple on bitcoin from here on out.

I hope you dont TETHER your retirement plan to it.
Anonymous Coward
User ID: 79732732
United States
02/18/2021 09:48 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
bitcoin is the purest definition of a PONZI SCHEME

the whole thing will keep on going while there are suckers that keep pumping the money in and keeping the system sustainable

one day, the same way it hit record heights, it will even more mightier carsh and burn

until then, the mob, criminals will keep using it to launder their illegal, shady, black money and pumping the system

once the Government starts taxing your withdrawals and other general transactions epic

epiclol
 Quoting: Anonymous Coward 79012326


Sounds like you don't know what a ponzi scheme is. Please share your definition and let's analyze.

Bitcoin gains are already taxed. In the US it's treated as a commodity.
An Average American Patriot

User ID: 79028215
United States
02/18/2021 09:49 AM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
The “digital economy” seems great...unless the power grid gets fried and digital goes away.

I would like to have tangible, real assets too.

It’ll be tough to barter with a Bitcoin.
Eternal vigilance Is the price of liberty. Speak out and be heard. Be seen and get noticed. Stand up and be counted. Cherish freedom.





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