Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates

Do you have a $1 in your pocket? That bill is actually worth less than the value of the paper it is printed on. Let that, like the ink on it, sink in.

Monetary value is velocity.

Alright guys, I'm looking at taking the plunge into bitcoin or some other coin.

I have a few questions,

1. What are some of the coin purchasing platforms you would recommend

2. What does the short term future for bitcoin look like (should I jump in now or wait a sec for a dip to occur)?

3.What other coins should I be considering? LTC,ETH,XRP,ect...



Is it still viable to mine for some type of coin? Back in the early days of coin I'd mine bitcoin with an old I7 and make a decent profit but I doubt it's the same anymore.

Thanks

If it seems too good to be true...

I liked some info too please

I liked some info too please

I liked some info too please

Where do you guys get your Coin news from? I'm trying to find a couple of good resources so I can do my own research away from some of the fluff that's being thrown.

Honestly, I've found GLP to be the most accurate source of info up to this point if you weed through trolls.

Dollar cost averaging is the simplest strategy.

Just buy a little bit every weekend. Sometimes its up, sometimes its down. But over time the trend is up, so you will gradually accumulate.

BTC, LTC, ETH, DASH are 4 solid long term coins.

Mining is generally not worth the time and effort unless you are dedicated and can afford the up front investment. Trading is a lot easier.

Study trading and how to read charts and do some theoretical trades to practice a lot before trying to day trade or swing trade.

Watch this guy on YT. He does live chart analysis every day and is very good at it and teaches you a lot over time for free. Subscribe to alerts to keep up with the latest.

No, monetary value is not velocity. Monetary value is a fraud, so is everything attached to it.

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

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.

you're funny. Bitcoin's worth is measured in FIAT.

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.

Not crypto mania. Fiat collapse mania.

[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.

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if bitcoin is soo great, why banks do not own it yet? Or maybe they do, maybe they created it.

Why Trump implemented digital wallet for eveyone already, and Biden didn't remove that executive order yet?????

One of those should be wrong no???


A lot of questions nobody has anserws, all you hear is buy buy buy, nobody says why to buy. No pros nocons, just buy buy buy





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if bitcoin is soo great, why banks do not own it yet? Or maybe they do, maybe they created it.

Why Trump implemented digital wallet for eveyone already, and Biden didn't remove that executive order yet?????

One of those should be wrong no???


A lot of questions nobody has anserws, all you hear is buy buy buy, nobody says why to buy. No pros nocons, just buy buy buy





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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.