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Bitcoin is over $100k

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41–50 of 350 posts

Re: Bitcoin is over $100k

#41

Congrats Bitcoin! You just can't overestimate the power of one really good idea. https://bitcoin.org/bitcoin.pdf

Will people see it as good in hindsight? When coal plants have dumped more waste in the air and oceans, just to drive the value of these tulips?

Re: Bitcoin is over $100k

#44
post #18

Why hell does this keep going up? Can you pretty much just buy at any point in time and be guaranteed a 10x return?

bubbles go up and up and up… until they don’t

But it has been a bubble and popped/crashed/recovered 4(?) times now - it seem fair to start considering it as a cycle rather than a bubble. I don’t know much about crypto or finance, so maybe I’m completely wrong

Re: Bitcoin is over $100k

#45
post #10

Important to remember that while income and wealth inequality is at record highs, the trillions of dollars injected into the economy are still floating around among the top. People are getting more and more creative with investments (see luxury watches, sneakers, trading cards, collectibles, meme stocks all seeing a significant bump in value in recent years). Bitcoin's price is simply another symptom of this. What I…

>Bitcoin's price is simply another symptom of this.

Bitcoin is not the symptom, Bitcoin is the answer. People are not longing Bitcoin, people are exiting the dollar, the euro, the yuan...

Re: Bitcoin is over $100k

#46
post #10

Important to remember that while income and wealth inequality is at record highs, the trillions of dollars injected into the economy are still floating around among the top. People are getting more and more creative with investments (see luxury watches, sneakers, trading cards, collectibles, meme stocks all seeing a significant bump in value in recent years). Bitcoin's price is simply another symptom of this. What I…

Why does it matter if income inequality is high? Poorly hid envy it looks like.

https://en.wikipedia.org/wiki/French_Revolution

Re: Bitcoin is over $100k

#47
post #10

Important to remember that while income and wealth inequality is at record highs, the trillions of dollars injected into the economy are still floating around among the top. People are getting more and more creative with investments (see luxury watches, sneakers, trading cards, collectibles, meme stocks all seeing a significant bump in value in recent years). Bitcoin's price is simply another symptom of this. What I…

Crypto VC is booming! What the heck are you talking about

Re: Bitcoin is over $100k

#48
post #15

Why hell does this keep going up? Can you pretty much just buy at any point in time and be guaranteed a 10x return?

If you hold long enough and the chain keeps working, then probably yes. However, this 10x return is guaranteed against the dollar and not real value. The gov. is committed to devaluing currency over a long period of time.

This is definitely true but btc buys you more of almost anything else too (btc/X): X is one of s&p500, housing, gold, etc. except maybe $nvda or $tsla. For example the btc chart in dollars looks the same as in gold.

Re: Bitcoin is over $100k

#49
The problem with the anti-crypto absolutists is that they just watched Bitcoin and the entire crypto industry go up once again and they did nothing but complain.

They are real quiet today. No where to be seen this time and probably sulking that they ended up on the wrong side of the trade. (again)

Well done to those who did not listen to their cope.

Re: Bitcoin is over $100k

#50

Earlier quoted context omitted.

Because you need the disposable income to buy speculative assets. This means that the rich get richer.

[flagged]

Read some history, bad things tend to happen when a permanent underclass is cut off from ever-expanding wealth.
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