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Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates

 
Anonymous Coward
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02/18/2021 01:55 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
coinbase, binance etc websites and trading platforms will have outages once the collapse starts. so dont expect to be able to wait for the top then cash out once the collapse starts.
 Quoting: Anonymous Coward 79871996



Yeah no they wont.

And if the collapse happens the way you say, Gold and Silver will be worthless aswell
 Quoting: Anonymous Coward 79627971


^
Stupid fucking moron right here.
Anonymous Coward
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02/18/2021 01:56 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Ill say it again. If crypto currency is to replace our worthless dollar, a question. If the bitcoin is worth $52,000 worthless dollars, isn't is value worthless? So if you think it will replace the dollar, how will you spend it? My guess, the bitcoin will not actually be used in transactions. Rather, A paper currency with bitcoin as its base will be used. Like silver and gold certificates at one time for the dollar. It was ill be odd as its value fluctuates wildly. So your $100 bitcoin certificate may drop or shoot up while standing in line to buy your groceries. It maybe a CC bitcoin account. Oh and BTW, how is its value determined? I realize the dollars value changes with economic cycles,inflation etc. However, you don't see 20-50% alterations over days. I smell a pyramid scam. Dip your bread in the gravy while its warm and bail. Or not. It just smells.
 Quoting: Anonymous Coward 75583697


You can value anything in anything. Currently, gold is trading at a price of 35,000 squirrel farts.
 Quoting: Anonymous Coward 2492899


No you can value bitcoin in squirrel farts because like squirrel farts, bitcoin is nothing, it not even smells. On the other hand, especially silver has immense worth and can decide if you live or die. Of course if you value you're life at zero or nothing, then I agree Silver will be worthless for you.
 Quoting: Anonymous Coward 79992277


Who says I don't? I have physical gold and silver AND I have Bitcoin. You're missing out purely based on spite at this point. You are so angry that you were wrong years ago when you could have bought cheaper. Even a month ago, you could have bought in cheaper. And you didn't. Now you are externalizing your own self-loathing because you know you fucked up. The sooner you come to terms with it and capitulate, the better off you will be in the long run. $52,000 is still cheap where this is going. We are at the phase of institutional adoption. We're still trading the early adopter phase. But if you want to stay mad, you can stay poor.
Anonymous Coward
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02/18/2021 01:59 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Ill say it again. If crypto currency is to replace our worthless dollar, a question. If the bitcoin is worth $52,000 worthless dollars, isn't is value worthless? So if you think it will replace the dollar, how will you spend it? My guess, the bitcoin will not actually be used in transactions. Rather, A paper currency with bitcoin as its base will be used. Like silver and gold certificates at one time for the dollar. It was ill be odd as its value fluctuates wildly. So your $100 bitcoin certificate may drop or shoot up while standing in line to buy your groceries. It maybe a CC bitcoin account. Oh and BTW, how is its value determined? I realize the dollars value changes with economic cycles,inflation etc. However, you don't see 20-50% alterations over days. I smell a pyramid scam. Dip your bread in the gravy while its warm and bail. Or not. It just smells.
 Quoting: Anonymous Coward 75583697


You can value anything in anything. Currently, gold is trading at a price of 35,000 squirrel farts.
 Quoting: Anonymous Coward 2492899


No you can value bitcoin in squirrel farts because like squirrel farts, bitcoin is nothing, it not even smells. On the other hand, especially silver has immense worth and can decide if you live or die. Of course if you value you're life at zero or nothing, then I agree Silver will be worthless for you.
 Quoting: Anonymous Coward 79992277


Who says I don't? I have physical gold and silver AND I have Bitcoin. You're missing out purely based on spite at this point. You are so angry that you were wrong years ago when you could have bought cheaper. Even a month ago, you could have bought in cheaper. And you didn't. Now you are externalizing your own self-loathing because you know you fucked up. The sooner you come to terms with it and capitulate, the better off you will be in the long run. $52,000 is still cheap where this is going. We are at the phase of institutional adoption. We're still trading the early adopter phase. But if you want to stay mad, you can stay poor.
 Quoting: Anonymous Coward 2492899


as I say, you don't understand. I'm not sure if its ignorance, I think it's even worse...
Anonymous Coward
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02/18/2021 02:01 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
...


You can value anything in anything. Currently, gold is trading at a price of 35,000 squirrel farts.
 Quoting: Anonymous Coward 2492899


No you can value bitcoin in squirrel farts because like squirrel farts, bitcoin is nothing, it not even smells. On the other hand, especially silver has immense worth and can decide if you live or die. Of course if you value you're life at zero or nothing, then I agree Silver will be worthless for you.
 Quoting: Anonymous Coward 79992277


Who says I don't? I have physical gold and silver AND I have Bitcoin. You're missing out purely based on spite at this point. You are so angry that you were wrong years ago when you could have bought cheaper. Even a month ago, you could have bought in cheaper. And you didn't. Now you are externalizing your own self-loathing because you know you fucked up. The sooner you come to terms with it and capitulate, the better off you will be in the long run. $52,000 is still cheap where this is going. We are at the phase of institutional adoption. We're still trading the early adopter phase. But if you want to stay mad, you can stay poor.
 Quoting: Anonymous Coward 2492899


as I say, you don't understand. I'm not sure if its ignorance, I think it's even worse...
 Quoting: Anonymous Coward 76594122


I don't think you argue in good faith.
The Gullible Skeptic

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02/18/2021 02:02 PM

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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.
 Quoting: An Average American Patriot


98% of dollars are already digital.

I agree with you but the future is crypto like it or not.
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Anonymous Coward
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02/18/2021 02:03 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
...


No you can value bitcoin in squirrel farts because like squirrel farts, bitcoin is nothing, it not even smells. On the other hand, especially silver has immense worth and can decide if you live or die. Of course if you value you're life at zero or nothing, then I agree Silver will be worthless for you.
 Quoting: Anonymous Coward 79992277


Who says I don't? I have physical gold and silver AND I have Bitcoin. You're missing out purely based on spite at this point. You are so angry that you were wrong years ago when you could have bought cheaper. Even a month ago, you could have bought in cheaper. And you didn't. Now you are externalizing your own self-loathing because you know you fucked up. The sooner you come to terms with it and capitulate, the better off you will be in the long run. $52,000 is still cheap where this is going. We are at the phase of institutional adoption. We're still trading the early adopter phase. But if you want to stay mad, you can stay poor.
 Quoting: Anonymous Coward 2492899


as I say, you don't understand. I'm not sure if its ignorance, I think it's even worse...
 Quoting: Anonymous Coward 76594122


I don't think you argue in good faith.
 Quoting: Anonymous Coward 2492899


of course I'm not arguing in good faith you retard!
TIO JUAN

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02/18/2021 02:03 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
That CEO of Micro strategy 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.
 Quoting: CharlieFoxtrot


He almost bankrupted Micro strategy with fake profits during the dot . com era
UNCLE JOHN
Anonymous Coward
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02/18/2021 02:10 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
So is Monopoly money and chocolate coins.

The massive difference you are overlooking is the length of the chain (which increases the security and reliability) and the network effect. BTC is essentially the largest computing power on the planet. The ability to store wealth on and use the network for secure transactions is what you are buying.

Joe Shmoes custom crypto is nowhere close just because he has a blockchain with 5 nodes.


And even disregarding all the technical stuff. It is worth it simply because enough people have agreed that it is. JUST LIKE USD. USD is backed by nothing but a threat of violence. Moving off the gold standard changed everything to faith based instead of tangible.

Bottom line - if you don't believe in it, don't convert any fiat into crypto. Nobody is forcing you (yet).

It's not necessary to piss on others who are happily using and trading it.
 Quoting: The Rickest Rick Sanchez


you don't get it, there is real worth and there is worth which people believe in. your belief in fiat or crypto is leading people directly into lala-land or being in lala-land people believe in fiat and crypto. you crypto-tards pose as fighters against the nwo and the current financial system, not realizing that you do not differ in any way. you search for 'riches' which have been defined by your 'makers', you are pumped to the extreme, in fact, YOU ARE THE BUBBLES.
 Quoting: Anonymous Coward 76594122


BOOM

clappa
Anonymous Coward
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02/18/2021 02:11 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
I don't know how a computer works. or a cell phone. Or the internet.

I have the most basic infantile understanding of crypto.

But I know what $ smells like.

Don't feel like you have to understand it to use it to your benefit.

I don't suggest you put your life savings into it. But the smart ones are getting acquainted with it and even making some $ from it.

It's here and it's not going anywhere. When it does collapse or get seized by the tptb EVERYTHING will be seized. Use your time well now.
Anonymous Coward
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02/18/2021 02:16 PM
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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.
 Quoting: An Average American Patriot


98% of dollars are already digital.

I agree with you but the future is crypto like it or not.
 Quoting: The Gullible Skeptic


blahblah5

Yeah? Well it's not going to be bitcoin. In fact, it will be xrp before it's that piece of shit bitcoin. It will be their own digital money and bitcoin will not be accepted anywhere mainstream once that happens.
Anonymous Coward
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02/18/2021 02:17 PM
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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.
 Quoting: An Average American Patriot


98% of dollars are already digital.

I agree with you but the future is crypto like it or not.
 Quoting: The Gullible Skeptic


blahblah5

Yeah? Well it's not going to be bitcoin. In fact, it will be xrp before it's that piece of shit bitcoin. It will be their own digital money and bitcoin will not be accepted anywhere mainstream once that happens.
 Quoting: Anonymous Coward 78349802


Silver and gold aren't accepted anywhere mainstream. Do you think you've made some kind of point?
Anonymous Coward
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02/18/2021 02:18 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
I don't know how a computer works. or a cell phone. Or the internet.

I have the most basic infantile understanding of crypto.

But I know what $ smells like.

Don't feel like you have to understand it to use it to your benefit.

I don't suggest you put your life savings into it. But the smart ones are getting acquainted with it and even making some $ from it.

It's here and it's not going anywhere. When it does collapse or get seized by the tptb EVERYTHING will be seized. Use your time well now.
 Quoting: Anonymous Coward 77287674


No, just bitcoin will be crippled. Nothing else, and I don't care how high it goes until that happens.
Anonymous Coward
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02/18/2021 02:19 PM
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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.
 Quoting: An Average American Patriot


98% of dollars are already digital.

I agree with you but the future is crypto like it or not.
 Quoting: The Gullible Skeptic


blahblah5

Yeah? Well it's not going to be bitcoin. In fact, it will be xrp before it's that piece of shit bitcoin. It will be their own digital money and bitcoin will not be accepted anywhere mainstream once that happens.
 Quoting: Anonymous Coward 78349802


Silver and gold aren't accepted anywhere mainstream. Do you think you've made some kind of point?
 Quoting: Anonymous Coward 2492899


It's a physical asset with real world uses. The point is on the top of your head.
Anonymous Coward
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02/18/2021 02:22 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
So, the $2000 I made is fake?
Anonymous Coward
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02/18/2021 02:27 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
could be that Texas is having power outages due to all the BITCOIN mining? already see the Government telling that and screwing you over
 Quoting: Anonymous Coward 319997


Thread: Confirmed. SOME Texans being charged OVER $500 a day for power
Anonymous Coward
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02/18/2021 02:32 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Logic and critical thinking is evil these days.

cow
Anonymous Coward
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02/18/2021 02:34 PM
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Re: 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.
 Quoting: Anonymous Coward 79647446


Meanwhile, the left advances in destroying America, food shortages immanent, Debt Debt Debt, rolling power outages, mass censorship, juice, Men competing as women in female sports, B gates, fake coronu, Agenda 21, 30, China, Reset.

Buh muh crypto.
Anonymous Coward
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02/18/2021 02:36 PM
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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.
 Quoting: An Average American Patriot


98% of dollars are already digital.

I agree with you but the future is crypto like it or not.
 Quoting: The Gullible Skeptic


blahblah5

Yeah? Well it's not going to be bitcoin. In fact, it will be xrp before it's that piece of shit bitcoin. It will be their own digital money and bitcoin will not be accepted anywhere mainstream once that happens.
 Quoting: Anonymous Coward 78349802


Silver and gold aren't accepted anywhere mainstream. Do you think you've made some kind of point?
 Quoting: Anonymous Coward 2492899


I have crypto, silver and gold coins. None gets me a gallon of gas. I have semi-worthless paper FRN's for that. At least they work for now.

The most precious metals you can own are a combination of copper jacketed lead - - and the parts to make it all a useful item. (Brass, Powder, primers, etc....)

Check gunbroker if you think I'm shitting you. A $20 box of small pistol primers is going for $250+ Check the price for powder. Check the price for brass. Check the price for projectiles. It'll eventually sink in to those that aren't dumb as a brick. (Not that you'll be missed.)

Good luck to those of you who didn't prepare. Sucks to be you.
Anonymous Coward
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02/18/2021 02:38 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
if you never bought any bitcoin and are sitting on the sidelines you probably feel like a dumbass or at least you should.

suck it, im rich bitch
Anonymous Coward
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02/18/2021 02:42 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
if you never bought any bitcoin and are sitting on the sidelines you probably feel like a dumbass or at least you should.

suck it, im rich bitch
 Quoting: Anonymous Coward 73828787


Try cashing it out, retard.
Anonymous Coward
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02/18/2021 02:44 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
...


98% of dollars are already digital.

I agree with you but the future is crypto like it or not.
 Quoting: The Gullible Skeptic


blahblah5

Yeah? Well it's not going to be bitcoin. In fact, it will be xrp before it's that piece of shit bitcoin. It will be their own digital money and bitcoin will not be accepted anywhere mainstream once that happens.
 Quoting: Anonymous Coward 78349802


Silver and gold aren't accepted anywhere mainstream. Do you think you've made some kind of point?
 Quoting: Anonymous Coward 2492899


I have crypto, silver and gold coins. None gets me a gallon of gas. I have semi-worthless paper FRN's for that. At least they work for now.

The most precious metals you can own are a combination of copper jacketed lead - - and the parts to make it all a useful item. (Brass, Powder, primers, etc....)

Check gunbroker if you think I'm shitting you. A $20 box of small pistol primers is going for $250+ Check the price for powder. Check the price for brass. Check the price for projectiles. It'll eventually sink in to those that aren't dumb as a brick. (Not that you'll be missed.)

Good luck to those of you who didn't prepare. Sucks to be you.
 Quoting: Anonymous Coward 77078146


This is why it's smart to diversify. And the reason crypto is blowing up.

Never put all your eggs in one basket.

I may have only $20 to my name but 5 is in cash, 5 in silver, 5 in crypto and 5 in canned goods.

You don't have to be especially smart or wealthy to do this. People let themselves get intimidated then they get angry.
Anonymous Coward
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02/18/2021 02:45 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Don't argue with me unless you're right.

It's going to be funny on Monday when that tether thingy starts to unravel.
Anonymous Coward
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02/18/2021 02:50 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
if you never bought any bitcoin and are sitting on the sidelines you probably feel like a dumbass or at least you should.

suck it, im rich bitch
 Quoting: Anonymous Coward 73828787


Try cashing it out, retard.
 Quoting: Anonymous Coward 78349802


I bought a fraction of Bitcoin and five Litecoins about four years ago. I had no clue what I was doing and sold the BTC after I made $600. I wish I had kept that fraction now. Still holding onto the LTC even after they crashed. We'll see how that goes.
Anonymous Coward
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Germany
02/18/2021 02:54 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
if you never bought any bitcoin and are sitting on the sidelines you probably feel like a dumbass or at least you should.

suck it, im rich bitch
 Quoting: Anonymous Coward 73828787


Try cashing it out, retard.
 Quoting: Anonymous Coward 78349802


I bought a fraction of Bitcoin and five Litecoins about four years ago. I had no clue what I was doing and sold the BTC after I made $600. I wish I had kept that fraction now. Still holding onto the LTC even after they crashed. We'll see how that goes.
 Quoting: Anonymous Coward 78027790


Hold on to that LTC, it's a late mooner.
Sell when btc is 6 digits or ltc mooned out.
Anonymous Coward
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02/18/2021 03:21 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Crypto currency is the best thing I’ve come across ..

Easily the only way for an average Joe to become financially free once learn the algorithm
Grove Street

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02/18/2021 03:27 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
if you never bought any bitcoin and are sitting on the sidelines you probably feel like a dumbass or at least you should.

suck it, im rich bitch
 Quoting: Anonymous Coward 73828787


Try cashing it out, retard.

 Quoting: Anonymous Coward 78349802


im not a bitcoin guy...but i have sent plenty of profits from other coins and it went right to my bank in minutes..and i use that checking money to pay bills...

its not hard to deposit it..

now if they wipe the board , they can, they also can wipe your 401 k numbers from you in seconds..
Grove

And this is why we can't have nice things.
Anonymous Coward
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02/18/2021 03:54 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
if you never bought any bitcoin and are sitting on the sidelines you probably feel like a dumbass or at least you should.

suck it, im rich bitch
 Quoting: Anonymous Coward 73828787


Try cashing it out, retard.
 Quoting: Anonymous Coward 78349802


I bought a fraction of Bitcoin and five Litecoins about four years ago. I had no clue what I was doing and sold the BTC after I made $600. I wish I had kept that fraction now. Still holding onto the LTC even after they crashed. We'll see how that goes.
 Quoting: Anonymous Coward 78027790


Hold on to that LTC, it's a late mooner.
Sell when btc is 6 digits or ltc mooned out.
 Quoting: Anonymous Coward 80064915


Thanks for the advice. Even if it all went away tomorrow I would only be out $350. I think it's worth the risk.
Anonymous Coward
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02/18/2021 04:03 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Imagine how much it would be worth if it could actually scale to handle enough transactions to be used by businesses?
Judethz
Israel is Eternal

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02/18/2021 04:12 PM

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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
You post spoofy as your reponse every time because you can't be bothered to have an original though or do any research. Nope.. just post a conspiracy theory meme and call it a day.

 Quoting: The Rickest Rick Sanchez


maxxflo9 I know a scam when I see one.
Anonymous Coward
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02/18/2021 04:14 PM
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Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
if you never bought any bitcoin and are sitting on the sidelines you probably feel like a dumbass or at least you should.

suck it, im rich bitch
 Quoting: Anonymous Coward 73828787


Try cashing it out, retard.
 Quoting: Anonymous Coward 78349802


if you never bought any bitcoin and are sitting on the sidelines you probably feel like a dumbass or at least you should.

suck it, im rich bitch
 Quoting: Anonymous Coward 73828787


Try cashing it out, retard.
 Quoting: Anonymous Coward 78349802


What's the problem?

There are Bitcoin ATMs all over north Georgia.





GLP