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Bitcoin value surges past $30k

bbc.co.uk

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Re: Bitcoin value surges past $30k

#4

Post by pjkundert »

I wonder what will happen the next time we have a prolonged global network outage (ie. days, weeks). The next time we have a major kinetic conflict, for example...

Since Bitcoin will "fork" in each network partition, and everything will work ... fine, within each partition -- right up until the moment the network is repaired, and all but one of the "forks" simply disappears.

I think most people will be surprised that this is the correct behavior.

This is something; just not "money".

Re: Bitcoin value surges past $30k

#7

Post by breitling »

sunshinerag wrote: post #5
emerged wrote: post #3

I don’t care if it’s a guarantee to be 100k tomorrow, I refuse to profit off crypto speculation. It may seem crazy to people but I like to earn money with effort.

speculating on housing market? buy to let? crazy valued Tesla stocks?

Yep. That's a slippery slope

Re: Bitcoin value surges past $30k

#8

Post by eloff »

emerged wrote: post #3

I don’t care if it’s a guarantee to be 100k tomorrow, I refuse to profit off crypto speculation. It may seem crazy to people but I like to earn money with effort.

I would seriously advise people not to speculate on crypto. The biggest use case is selling it to other speculators. That can't be sustainable.

But only wanting to earn money through effort is a ridiculous notion as well. Investing your savings is a good and necessary idea.

Re: Bitcoin value surges past $30k

#9

Post by st1x7 »

dralley wrote: post #6

Is there any conceivable good reason for the value to have tripled in 3 months, or is this a cycle of FOMO hysteria just like last time?

Maybe I'm just not paying as much attention this time around but it seems much quieter than peak 2017.
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