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Bitcoin extends its gains, breaking through the $50,000 level
CNBC ^ | 12 February 2024 | Tanaya Macheel

Posted on 02/12/2024 9:34:47 AM PST by zeestephen

click here to read article


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1 posted on 02/12/2024 9:34:47 AM PST by zeestephen
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To: zeestephen

It’s called a melt up.


2 posted on 02/12/2024 9:43:23 AM PST by glorgau
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To: zeestephen
Articles like these depress me. I bought six Bitcoins years ago. So I should be rich today. But it turns out that I bought the wrong kind.


3 posted on 02/12/2024 9:44:47 AM PST by Leaning Right (The steal is real.)
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To: zeestephen

Go, go, go, go....got in it at $22K

Last time got in it at $25K and got out at $68K


4 posted on 02/12/2024 10:08:12 AM PST by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: algore; aMorePerfectUnion; amorphous; Andyman; ARGLOCKGUY; abishai; Betty Jane; BigpapaBo; ...

Crypto Ping List!


5 posted on 02/12/2024 10:21:27 AM PST by aMorePerfectUnion
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To: zeestephen

I figured Bit Coin would not be back for a few years. It’s high was >>>>>>

The all-time high price of Bitcoin (BTC) was $67,566.83 on November 8, 2021 1. It’s fascinating to think that Bitcoin, which started with a value of $0.0009 per coin in October 2009, (Bing AI)


6 posted on 02/12/2024 10:28:35 AM PST by dennisw (Be positive. Every day is a new day!)
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To: zeestephen

OK so I rarely look at my Coinbase portfolio.

It seems I have a current balance of $2,364.65. $333.79 increase from last week.

And Bitcoin is 75% of my portfolio. The app doesn’t tell me exactly what dollar amount my Bitcoin increased, but
Etherium Litecoin and others are pretty insignificant.


7 posted on 02/12/2024 10:32:22 AM PST by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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To: zeestephen

but it’s still a useless computer calculation


8 posted on 02/12/2024 10:51:02 AM PST by butlerweave
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To: butlerweave

“but it’s still a useless computer calculation”

no it really is not, the self aware AI uses these calculations to prepare for ending humanity


9 posted on 02/12/2024 11:30:03 AM PST by algore
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To: zeestephen

Yup knew it was going to happen.

The halving is some time in April. Expect a $100,000 Bitcoin this year. Probably around November.

This is beautiful for the Alt coins too. Bitcoin will carry them up.

Bitcoin is now the 10th largest asset in the world by market cap. See the link below.

https://8marketcap.com/


10 posted on 02/12/2024 11:40:23 AM PST by Enlightened1
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To: God luvs America

wow, nice call on exiting at the top! if you sense a peak this time, please let us know!!!


11 posted on 02/12/2024 11:51:42 AM PST by ConservativeDude
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To: Enlightened1

my ethereum holding is much larger than my btc bag. i love it when btc drags eth upwards!


12 posted on 02/12/2024 11:53:06 AM PST by ConservativeDude
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To: zeestephen

I wonder what the P/E is? or book value. /s


13 posted on 02/12/2024 11:54:10 AM PST by 1Old Pro
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To: zeestephen

Demand, meet Supply.

Take a good look. Supply is going on a diet in April.


14 posted on 02/12/2024 11:55:31 AM PST by Vermont Lt (Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
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To: ConservativeDude

Same here and my Cardano has been doing well.


15 posted on 02/12/2024 11:59:34 AM PST by Enlightened1
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To: ConservativeDude

Once/if it gets over $60K i will start to watch it closely. I don’t buy Bitcoin directly, rather Bitcoin and crypto ETF’s


16 posted on 02/12/2024 12:12:04 PM PST by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: algore

Just imagine what AI is going to do to Bitcoins when it finds it , counterfeit counterfeit counterfeit ,LOL


17 posted on 02/12/2024 12:15:58 PM PST by butlerweave
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To: God luvs America

understood


18 posted on 02/12/2024 12:23:19 PM PST by ConservativeDude
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To: butlerweave

Tell me you have no idea how blockchains works without telling me you don’t know how blockchains work.


19 posted on 02/12/2024 12:39:55 PM PST by rednesss (fascism is the union,marriage,merger or fusion of corporate economic power with governmental power )
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To: zeestephen

Remember the Jim Cramer rule of investing:

Buy when the price is high.

Then when it crashes panic and sell low.

Lol.


20 posted on 02/12/2024 12:50:26 PM PST by cgbg ("Our democracy" = Their Kleptocracy)
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