Posted on 02/19/2021 11:29:47 AM PST by bkopto
The price of bitcoin crossed another major milestone Friday, as the cryptocurrency’s market value surpassed $1 trillion, according to Coindesk.
The digital currency was trading at just under $54,000 per coin Friday as it hit the new level, and rose to a high of $54,880 later in the session, according to Coin Metrics. The price of bitcoin has now gained about 350% over the past six months. Before the recent surge, the digital asset has never traded above $20,000.
(Excerpt) Read more at cnbc.com ...
I bought Bitcoin at $5. Spent a total of $100. Sold a bunch at $14k and paid off the house and bought a Mercedes. Now I’m wishing I still had all of it. Lol. I was a day trader for many years. Traded in a private Mirc channel with the same people from all over. When I got ready to ‘retire’ a fellow Canadian trader told me to buy some Bitcoin and put it away. He told me how to do it.......and I did. What a lucky fluke!
The price I paid for the ring is classified. :)
Bitcoin will collapse before the dollar does....
That’s what I hate about trading. You’re always kicking yourself instead of congratulating yourself on your successes. :)
Yeah. The most used line in our trading room was....coulda bought a Bentley. Lol
Venezuela.
Wow, I can’t believe the monetary and financial IGNORANCE of people who always display those charts.
They think people are still getting paid $2/week as in 1913.
They think the DOW is still at 40.
They think houses still sell for $1000.
They think the GDP of the US is still 1/20th of what it is today.
They think commodities still sell for what they did in 1913.
I was curious how long it took today to mine a Bitcoin today and this was one of the hits on Google. A very interesting read.
How Long Does it Take to Mine 1 Bitcoin? (Updated 2020)
https://www.exodus.com/blog/how-long-does-it-take-to-mine-1-bitcoin/
This was another interesting article I ran across.
NVIDIA coming out with a specialized mining GPU and also crippling the hash rate on their high end card driver to force miners to lay off of them so more get into the hands of PC users.
https://www.anandtech.com/show/16493/nvidia-launches-cmp-dedicated-mining-hardware
Heads-or-Tales from the Crypt.
I think if the western governments want Bitcoin gone they will be able to do so. When they want to stop it is a matter of great debate but my guess is when faith in the current system starts to crater
Hobbyist = decentralized. That’s a compliment.
Hobbyist means amateur hour with no real world understanding.
Lol. All those major financial institutions going in on bitcoin are now amateurs. Gotcha. Why so bitter?
They are doing so to appear hip and cool. Fatal flaws inherent in its design render not serious for anything more than that.
They think you're an idiot, but I think you a troll, newbie...
So you can’t refute what was said with logic or facts. Why is that not a surprise.
Got Inflation? The Fed Just Printed Another $100+ BILLION This Week
That's one tenth the amount of bitcoin, at its current price. I know you're trolling. I'm just not sure for who, newbie.
The first sign someone is losing a debate is they call the other person Hitler, a racist, or a newbie. Newbie is hilarious coming from you. 2013? You are a baby in diapers.
I can see why you are upset, you think you are still getting paid $1/week, just like in 1913.
I can also see you are clueless when it comes to any real understanding in this area. So how much money went to money heaven the last month? If $150 billion was lost, then $100 billion added is a net lose of $50 billion. But that’s WAY, WAY over your head.
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