They’re not talking about the kind of Bitcoin I own.
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.
but you have to use $71, 000 in electricity to get one bitcoin
Leveraged Longs and shorts just got obliterated.
And it promptly dropped $1k. LOL.
What goes up, must come down.
Here is Bitcoin’s price history since 2009.
There is a chart from March 14th, 2009 up to December 14th, 2023 to see the movement.
When in doubt about something. Just zoom out with a bigger time line.
https://www.bankrate.com/investing/bitcoin-price-history/
Blackrock is going to cover its losses in the Ukraine gamble.
I think the ETFs were approved in part as a way to correct the huge coming losses in corporate finance balance sheets when Russian occupies all those profitable property rights conferred by Zenlinski.
Bitcoin was going up but these ETFs will push it over the moon. The first 39 trading days of the ETFs saw 369,000 BTC flow into ETFs.
Money is flowing out of Gold ETFs into BTC ETFs.
I will keep my 5+ BTC and probably try to create a LLC or Corp which is based on 1 BTC Share and any additional Satoshis to create generational wealth.
FR Crypto Ping List!!
Coinbase is down today.
FlippingTables21:12
@FlippingTables8
Coinbase has/had a Filing they can keep your Crypto in Bankruptcy.
@FEhrsam
Co-Founder of Coinbase & Paradigm just Unloaded Shares of $COIN.
https://twitter.com/FlippingTables8/status/1765128450279395589
Just because something is new and different doesn’t mean it’s a con or bad. With the worldwide debasement of sovereign currencies, many people and some institutions have been looking for a way to hedge their bets. One doesn’t have to deal in whole Bitcoins as each can be broken down into satochis (100 million satoshis to one bitcoin).
Bitcoin is in its infancy, but it is the hardest money the world has produced in that their is a fixed number that will be issued, and that number can never be increased. Yes, it’s very volatile, but if institutions and other large entities decide it’s a viable alternative to sovereign currency for certain transactions its value should be substantial and more stable. A plus is the privacy of using it, and the ever increasing places it can be used. Can it disappear? Sure, but what if it doesn’t.