Posted on 11/11/2024 2:57:25 PM PST by Jumper
I am hodling mine.
Wow, you posted quickly. I don’t usually look at the price except in the mornings or just before bedtime. I was pleasantly surprised. Even my wife is in disbelief... she thought I was crazy when I started building mining rigs with RX580s and Zotec 1080xx video cards in 2018 and mining Etherum (Eth).
I am “old school”...mined some BTC when it was still CPU mining (no ASIC/GPU mining). Am out of the BTC mining game a long ago time ago (electricity prices in CA too high to make a profit)....I do mine Alts once in awhile...need to set-up a solar powered rig! 😉
Bitcoin was under $20k not long ago.
Hard to believe. Bitcoin is just an electronic measurement of value backed by absolutely nothing.
The crypto markets are 7x24x365/6 and never rest. Nor are the for the faint of heart.
We are going to be witness to incredible split second valuations exceeding the entire wealth of nations.
One day there will be a BTC Holder’s Club like those Airport Lounges where someone who owns a BTC has comfort, and privilege - but they try to get your money and your coin;)
It will be the underpinning of National Treasury’s in the future for some lucky nations.
A single BTC in 20 years will be like owning a building on Staten Island, NYC. In fifty years it will be a city block there - without any maintenance.
Yep, us long term HODL’ers know BTC is volatile (limited supply & market cap of $1.75 Trillion, compared to the US stock market at ~$55 Trillion)...go to the “all time” BTC chart and draw a line valley to peak, then you get the big picture...beats the S&P 500 over 5, 10 year charts. (Satoshi created BTC in 2009).
Same as the USD.
Trying to determine the Bitcoin float is impossible.
No one has any verifiable data of how many BTC have been permanently lost.
Once you factor in a future with quantum computers, it is possible that no BTC will ever be lost, and questions (i.e., lawsuits) about true ownership could last for decades.
Until there is some legally acceptable method to determine exactly how many BTC exist, plus some legally acceptable method to define ownership, the market value of BTC will be a speculator guessing game.
I remember when bitcoin first came out and they were giving away a free one when you read their whitepaper.
I know that mine is lost, I assume there are a lot of them that are.
and what is a paper dollar backed by?
Nope. The markets will set the price. The price will steadily go up. Demand will dictate the price. Gold cannot stay number one of all assets because everyday it is created through mining and has an unlimited supply. I hope to be around to see BTC eclipse every asset, and then exlipse the top ten combined:)
BTW, Elon Musk’s favorite “DOGE” went parabolic this week up 117% during the week. (YMMV”: “Alts” are more volatile than Bitcoin) 😳
does that mean that one coin ie bitcoin cost $88 thousand dollars???
At the moment that is correct.
Do you hold physical coin or is yours is in some account?
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