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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

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To: rednesss

Blockchain preserves privacy by sending one copy to the NASA, another copy to Mossad, a third copy to Chinese intelligence and a fourth copy to the Russian secret service.

Then it is hacked into by a variety of organized crime families.

Right?

;-)


21 posted on 02/12/2024 12:52:26 PM PST by cgbg ("Our democracy" = Their Kleptocracy)
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To: zeestephen
The question is, how many posts can this thread go before some illiterate idiot mentions ‘tulips’?

I’m going to guess 50.

22 posted on 02/12/2024 2:37:23 PM PST by GunRunner
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To: butlerweave
Just imagine what AI is going to do to Bitcoins when it finds it , counterfeit counterfeit counterfeit ,LOL

Bitcoin is in trouble if AI breaks Bitcoin's encryption, but this task is better suited for brute force computers than artificial intelligence. The possible number of passcodes for each Bitcoin address exceeds the number of atoms in the visible universe.

23 posted on 02/12/2024 3:20:50 PM PST by Right_Wing_Madman
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To: cgbg
Remember the Jim Cramer rule of investing: Buy when the price is high.

Warren Buffet told everyone to sell Bitcoin after it hit $7,000.

https://www.youtube.com/watch?v=LtITDtZPYEw

24 posted on 02/12/2024 3:28:10 PM PST by Right_Wing_Madman
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To: GunRunner

What is this “tulips”?

A new App?

Lol.


25 posted on 02/12/2024 3:30:43 PM PST by cgbg ("Our democracy" = Their Kleptocracy)
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To: zeestephen

Tulips huh? IF you bought long term at just about any point you would be ahead and probably a lot with BTC. And probably a lot more than just about any other investment. A currency collapse will fuel it to the end of the petrodollar IMHO.

Simple economics. ETFs, the coming halving, FED money printing and huge investors with FOMO: The simple Econ 101 Supply and Demand equation will require even more positive outcomes in the future.

I am not investment advisor, so don’t do what I suggest,,,, and maybe you are the type that prefers Jim Cramer’s advice, with his campy sound effect button board he slams as he screams... Good luck with that.


26 posted on 02/13/2024 3:45:39 AM PST by Wildbill22 (They have us surrounded again, the poor bastards- Gen Creighton William Abrams)
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To: rednesss
Re: "you don't know how blockchains work"

Your comment was not directed at me, but I do want to respond.

I have been following crypto and Blockchain for the last five years.

I still have no idea what is unique about Blockchain.

In my opinion, any financial trading software in the world can do exactly what Blockchain does...

Just lock the trading software on "Write Once - Read Only."

Then, archive it, in real time, on a public website.

Presto - you are now a Master of Blockchain!

My chief concern is that 20% to 35% of Bitcoins have been allegedly lost in the Blockchain.

What happens to the price of Bitcoin when quantum computers start locating all the lost Bitcoins in 10 or 15 years?

27 posted on 02/13/2024 8:02:56 AM PST by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
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To: zeestephen
What happens to the price of Bitcoin when quantum computers start locating all the lost Bitcoins in 10 or 15 years?

Quantum computers aren’t real. You might as well worry about cyborg overlords or Death Stars.

28 posted on 02/13/2024 11:45:46 AM PST by GunRunner
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To: zeestephen

The real equation is energy. Gold in the ground is worth NOTHING if it takes too much energy to extract. At a certain value the cost is worth the dig. And there is a lot more gold in the world underground.

Bitcoin IS energy, proof of work, energy expended, computational power, in a proportional and constantly varying hash rate that adjusts to the market. It is perfect money in that it is totally mobile, totally decentralized, totally uncontrollable by any government, and stores value in spite of, and because of all the above. And it has an absolute finite quantity. It is in no way a “tulip” in any way regarding the historical reference, by any measure or characteristic compared to BTC.

All free market transactions will gravitate to BTC at some point. As much wiser people in the world have said, it will either go to a million or zero.


29 posted on 02/13/2024 6:36:33 PM PST by Wildbill22 (They have us surrounded again, the poor bastards- Gen Creighton William Abrams)
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