Bitcoin tops $66,000 as it nears 2021 all-time high

CNBC ^ | 04 March 2024 | Tanaya Macheel

[zeestephen]

The price of bitcoin rose to start the week, edging even closer to its all-time high after the rally took a breather over the weekend. [All time high - $69,000 - Nov 2021] [High today - almost $67,000]

[EEGator]

Because our economy is stable and everything looks alright…

[wny]

It’s intrinsic value is still zero.

[fwdude]

It’s intrinsic value is still zero.

As people sell it for $100 of thousands in U.S. Dollars.

[Vermont Lt]

Gold has been going nuts for a couple days as well.

This bodes well for the next year. Not.

[butlerweave]

Junkcoins

[fwdude]

Well, printed pieces of paper have no intrinsic value either.

Money is just a symbol. Read the long discourse by Ayn Rand’s John Galt for an excellent treatment on this subject.

[Vermont Lt]

For those thinking “tulips”...its now 110,474 tulips per bitcoin.

And that is for the good, heavy tulips. Not the crap you get at the grocery store.

[butlerweave]

https://www.fool.com/investing/2020/10/17/10-reasons-bitcoin-is-a-terrible-investment/

[fwdude]

I haven’t listened to the “Fools” for over 10 years since they went woke.

Overblown know-it-alls.

[EnderWiggin1970]

The funny thing is we are still in the pre-game show by historical standards. If 2012/2016/2020 are any guide, the strong rise seen in those years is nothing compared to what happened in each case the following year.

Nocoiners bashing on bitcoin are going to look pretty silly for the next year and more. Enjoy your worthless dollars while they last!

[DiogenesLamp]

Bitcoin tops $66,000 as it nears 2021 all-time high

Buy tulips! They are going to the moon!

[DiogenesLamp]

Well, printed pieces of paper have no intrinsic value either. Money is just a symbol. Read the long discourse by Ayn Rand’s John Galt for an excellent treatment on this subject.

Trouble is, the government forces us to accept those, and can and will smash anything competing with official currency if and when they decide to do so.

Someone mentioned to me the other day that a government crackdown on the stuff (already banned in China i'm told) won't happen because Wall Street investors are now dipping their toes into this.

That doesn't preclude the government from smashing bitcoin. What it will likely mean is that the government will quietly warn Wall Street to get out before they bring the hammer down.

[EEGator]

Bitcoin pimps, gold pimps, stock pimps, and dollar pimps are all going to be in deep shit soon.
Everyone gets a dry colonoscopy soon.

[pterional]

Bitcoin is sucking up trillions in liquidity.
My question is when bitcoin crashes do those dollars die or is this a massive wealth transfer?

[DiogenesLamp]

Nocoiners bashing on bitcoin are going to look pretty silly for the next year and more. Enjoy your worthless dollars while they last!

Bitcoin is like Communism. It sounds good to people who are ignorant of economics.

[riri]

All my coins are up. A smart person would cash out.

I am not that person. (:

[aMorePerfectUnion]

If YOU would like to be on a CRYPTO PING LIST, please pm me.

The Crypto Ping List covers the following:

Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.

Thanks! For it - or ag'in it, it'll be a wild ride.

[DesertRhino]

At this point in time I think buying it at this price would be a bad error.

[Tommy Revolts]

I've been stacking Tulips Sats for awhile now.

Here's $10 of free bitcoin for anyone that wants to get started stacking Sats.

The halving is coming soon and it's going to the moon.