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All You Need to Know About Bitcoin's Rise, from $0.01 to $11,000

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Re: All You Need to Know About Bitcoin's Rise, from $0.01 to $11,000

#5
post #4

Many people discuss how much one could buy from the bitcoins today that where used for the first pizza purchase. Few people consider though, that today's value of a bitcoin might not exist without that order.

Truly an example of where exchange creates wealth.

Re: All You Need to Know About Bitcoin's Rise, from $0.01 to $11,000

#6
post #4

Many people discuss how much one could buy from the bitcoins today that where used for the first pizza purchase. Few people consider though, that today's value of a bitcoin might not exist without that order.

Yep. The most astonishing thing to me about the price of Bitcoin isn't that it went from $1000 to $11000 this year, it's that it ever made it above $0 in the first place!

Re: All You Need to Know About Bitcoin's Rise, from $0.01 to $11,000

#7
I am really sad that Bitcoin is the only cryptocurrency that ever managed to touch "mainstream" (it's on Steam, it has Stripe support, etc) and we fucked it up so hard that you need a $4 fee just to pay for one thing with it. I was really hoping it would catch on as a medium of exchange, because there's value in being able to pay for things quickly, cheaply and without giving people a bunch of info, but nope. Digital tulips.

Re: All You Need to Know About Bitcoin's Rise, from $0.01 to $11,000

#8
post #7

I am really sad that Bitcoin is the only cryptocurrency that ever managed to touch "mainstream" (it's on Steam, it has Stripe support, etc) and we fucked it up so hard that you need a $4 fee just to pay for one thing with it . I was really hoping it would catch on as a medium of exchange, because there's value in being able to pay for things quickly, cheaply and without giving people a bunch of info, but nope. Digita…

Heard revolut is going to accept it as well.

Re: All You Need to Know About Bitcoin's Rise, from $0.01 to $11,000

#10
Something I rarely see discussed is the gender breakdown of bitcoin ownership.

I'd be surprised if it wasn't something like 90%+ men mining, trading, and owning bitcoin. If bitcoin really takes over the world, it's going to look like a bunch of dudes printed themselves a fortune and then convinced the rest of the world to buy it from them.

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