Gold and silver are also up in the Sunday evening markets.
Bitcoin sales were many times higher than that produced. Units are being taken out of circulation, so the available trading supply is shrinking.
ETH, and LTC are also moving much higher.
I own gold & silver but have no clue what a bitcoin is, so here I sit out of this loop.
To put the Bitcoin prices into perspective-—
Tuesday Dec 15th = 19,364
Saturday Dec 26 = 24,892
Right now = 33,411
Bitcoin is telling us that the emperor dollar has no clothes on. The dollar is becoming vapor paper.
So, can I buy a 21 Ford Mustang for a single bitcoin?
But what happens when nations go to their own cryptocurrencies that are controlled by banks?
Will it even be recognized as a legitimate currency?
If not, people will have worthless nothingness, as it only exists in cyberspace.
Dont buy Bitcoin now, its about to go down again, probably most of the year. Wait until it bottoms out around $13k or so, then buy.
IMO, the US Dollar is going to fair value, which is slightly above 0. I am preparing for this by acquiring gold, silver & some crypto including Bitcoin.
2 weeks ago when bitcoin was 18,000 i bought a bunch of BLOK ETF shares....
Who would be concerned. We just got a new stimulus package to save the economy....
Pro football player in Charlotte has half his paycheck paid in bitcoin.
I’ve read these threads about Bitcoin for the past 5 years.
Same comments.
Same misunderstandings.
Buy SQ
Pay for groceries ?
pay the hair salon ?
YOU know ... ordinary stuff like that
Bitcoin is used electricity. Historically manipulated by North Korea and other bad actors.
Good luck with it. Might as well bet on black or red at the roulette wheel.
I threw a tiny amount into a bunch of different cryptocurrencies a few years ago for kicks. Nothing much; a few hundred dollars. If it all collapsed tomorrow, I wouldn’t miss it, but if it blows up and becomes something huge, it’d be nice to take a piece of that.
Matthew 22:15 Then the Pharisees went and counseled together how they might trap Him in what He said.
Matthew 22:16 And they sent their disciples to Him, along with the Herodians, saying, "Teacher, we know that You are truthful and teach the way of God in truth, and defer to no one; for You are not partial to any.
Matthew 22:17 "Tell us therefore, what do You think? Is it lawful to give a poll-tax to Caesar, or not?"
MAT 22:18 But Jesus perceived their malice, and said, "Why are you testing Me, you hypocrites?
Matthew 22:19 "Show Me the coin used for the poll-tax."And they brought Him a denarius.
Matthew 22:20 And He said to them, "Whose likeness and inscription is this?"
Matthew 22:21 They said to Him, "Caesar's."Then He said to them, "Then render to Caesar the things that are Caesar's; and to God the things that are God's."
Matthew 22:22 And hearing this, they marveled, and leaving Him, they went away.
And then this:
Romans 13:1 Let every person be in subjection to the governing authorities. For there is no authority except from God, and those which exist are established by God.
Romans 13:2 Therefore he who resists authority has opposed the ordinance of God; and they who have opposed will receive condemnation upon themselves.
Romans 13:3 For rulers are not a cause of fear for good behavior, but for evil. Do you want to have no fear of authority? Do what is good, and you will have praise from the same;
Romans 13:4 for it is a minister of God to you for good. But if you do what is evil, be afraid; for it does not bear the sword for nothing; for it is a minister of God, an avenger who brings wrath upon the one who practices evil.
Romans 13:5 Wherefore it is necessary to be in subjection, not only because of wrath, but also for conscience' sake.
Romans 13:6 For because of this you also pay taxes, for rulers are servants of God, devoting themselves to this very thing.
Romans 13:7 Render to all what is due them: tax to whom tax is due; custom to whom custom; fear to whom fear; honor to whom honor.
God is in control, not men. He sets governments in place, and, He takes them way (Daniel Chapter 5). However, He does say we are rsponsible to be under the subjection of governments. He also lets us know WHO owns the currencies. Governments do. These governments are NOT going to allow Bitcoin to supercede their currencies. They are just not going to allow it. The GOVERNMENTS will control the value of their currencies, not some genius internet/programmer wizkid. The day the governments step in and get control of Bitcoin which has nothing at all backing it, not even government authority, you'll wish you had never invested in it and everyone who does will be financially ruined.
Also, all of you are forgetting something. When some entity (China? North Korea? The U.S. Government? Soros?) hacks the Bitcoin world, you are in for a world of sorrow.