reaches new all-time high of $69,420Posted on 03/08/2024 7:37:13 AM PST by Enlightened1
BREAKING: #Bitcoin reaches new all-time high of $69,420
https://twitter.com/WatcherGuru/status/1766123788553404744
Crypto Prices
In before the tulips crowd.
I gotta admit I really enjoy watching the constant rise and fall of Bitcoin. No, I don’t have any and have no plans to ever dive in - because I’m not a gambler.
But still, It’s entertaining. And that reminds me. It’s about time for the tulips to start coming up. The daffodils are blooming in my area.
Not Fonzie, but ponzi.
Junkcoin
bought it at $21K and $27K. Was waiting to get out at $75K- may sell some at $70K instead
I have a question about these crypto markets. If you have a large amount of Bitcoin, say 1,000, and want to cash it in at these price peaks, can you do it? Will there be enough liquidity in the market to pay out in cash?
70k, but perhaps a short-term blow-off top. BTC will need several weeks to consolidate thewse gains before bveing able to make the first move to 100k.
It will likely get to $450,000 by September 2025.
On April 19th or 20th comes the Bitcoin halving.
Three out of Four times it has happened whatever the price of Bitcoin is at the halving it doubles in 18 or 19 days.
Oh and for the record this is the first Bull Run where we hit all time highs before the halving. Probably because of BlackRock, Fidelity, State Street, etc... All 9 ETFs are buying up the maximum coins they can every day. Ditto Micro Strategy that borrowed 700 million to buy more Bitcoin, and even countries like El Salvador, Argentina and United Arab Emirates.
If you gambled the insignificant price of pennies per Bitcoin at the onset about 13 years ago, would that have been a good investment? You could easily afford to lose a few tens of bucks in exchange for the chance of a payout.
Every investment is a gamble. Even in cash.
but you have to use $71, 000 in electricity to get one bitcoin
Yes and no. TONS of liquidity, to be sure. But platforms like Coinbase are notorious for "breaking" at major spikes or drops, leaving people holding the bag. Conspiracy theories abound.
Yes you can.
You can cash it on Coinbase, Uphold, Robinhood or Kraken.
Haha!
No
Those are the anniversaries of Waco, Oklahoma City, Columbine, Hitler’s birthday, and weed celebration day.
I own a few cryptos through Coinbase and I’m about to get out. A friend had his account hacked and they stole money from his linked bank account, which was restored by the bank after an investigation (Go Frost Bank!!!!) It seems that Coinbase didn’t follow their policy of a delay in transactions so that account owners can be notified if the transaction is fraudulent.
Won’t large sell transactions in cryto immediately affect the price of the currency, though?
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