Posted on 03/05/2024 8:48:44 AM PST by zeestephen
Bitcoin has reached a new all-time high for the first time in more than two years, as this year's rally - fueled by excitement over bitcoin ETFs and the upcoming halving event - accelerated...The price of the cryptocurrency topped $69,210 on Tuesday morning before retreating, according to Coin Metrics.
(Excerpt) Read more at cnbc.com ...
$65,304
"Halving Event" means "Crypto Miners" will have to do 2X as much number crunching to get paid the same number of coins.
That makes the price of Bitcoin go up - in theory.
Only if you sell it— to convert to USD or what— gold? Plays right into FedReserve’s bullcrap.
$58,000 to $69,000 in just about 7 days or so?
Uhh.....
We sure do live in interesting times
I’ve seen WAG’s that it will top out out $450,000. Possibly higher.
Buy now. Like gambling, buy what you can afford to lose. Treating it like an investment is too risky for me, I’ve just thrown a few discretionary dollars at it, but my $1500 worth of BTC has doubled this year. I just bought another $500 of Bitcoin yesterday.
Inflation is still high and CC debt is at an all time high.
Many people are just drowning.
This volatility also doesn’t bode well.
This economy really sucks as most risk assets are at or near all time highs.
It’s LOL material. If Trump was in office, the country would be posting record growth.
Got in at $21K to $27K- ETF’s and COIN stock. Will make a decision at $70K
If you buy now, you are, by definition, the greater fool.
$11,000 is a lot of money for most people.
However, it is just a 16% pop.
Most Bitcoin traders buy fractions of one coin, fractions created by ETFs and the market dealers.
The total dollar gain depends on how many dollars you invest, but the percentage gain - at this moment - is still locked in at 16%.
Man if it was me I’d be cashing out; however that’s done.
But best of luck, whatever you do.
pump and dump, baby, pump and dump
krapcoins are the nuevo version of the 2000 dot-com and 2007 residential-real-estate-scam-boom-bust pump and dump scams, ALL of which occur when YUGE amounts of synthetic Fed liquidity are injected into the financial system and have no legitimate investment opportunities ...
thus, the naive and/or greedy chase yield via krapola “investments” that invariably implode, thereby draining the excessive liquidity
separation of fools from their money is the classic way to drain liquidity, and thus those who generally can least afford to lose their money are those who wind up bearing the brunt of these boom and bust cycles perpetuated by self-serving politicians ...
I’m targeting $150k
It hit $69,210 this morning, a new record high.
Currently...
$64,500
[pump and dump]
That’s basically what I’m expecting but I guess time will tell. I don’t have any money to put into it anyways, LOL.
My lawn guy told me he was flipping houses and my housekeeper started her own dotcom.
The citations of tulip mania despite much of the nation still being on the sidelines seems premature.
I have a different opinion as to why the price is going up. People are seeing inflation destroy the value of the dollar, and realizing that there is really very little “backing” the dollar. Rather than let their money devalue under inflation, investors are searching for alternatives. See the rise in the price of gold.
89,000 by the halving. Today is day 39 of the ETFs. 369,000 BTC bought. 26B from Blackrock spent on BTC first trading hour today.
Once BTC is a part of Index funds it will skyrocket.
1m in three years.
These are the good Ole days. It will hit continue to increase. ETFS bought 369,000 in 39 days. In two years only what’s mined will be able for purchase.
21m total worldwide. It can top a million in 3 years.
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