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+--- Thread: Bitcoin’s price rises to $50,000 as mainstream institutions hop on (/showthread.php?tid=253020)
Bitcoin’s price rises to $50,000 as mainstream institutions hop on - space-time - 02-17-2021
https://arstechnica.com/tech-policy/2021/02/bitcoins-price-rises-to-50000-as-mainstream-institutions-hop-on/
https://www.coindesk.com/price/bitcoin
Re: Bitcoin’s price rises to $50,000 as mainstream institutions hop on - anonymouse1 - 02-17-2021
Fck bitcoin
Re: Bitcoin’s price rises to $50,000 as mainstream institutions hop on - SteveG - 02-17-2021
Finally Monsieur, a wafer-thin mint?
Re: Bitcoin’s price rises to $50,000 as mainstream institutions hop on - Z - 02-17-2021
Wasting more power than Argentina doing bitcoin math. :RollingEyesSmiley5:
Re: Bitcoin’s price rises to $50,000 as mainstream institutions hop on - pdq - 02-17-2021
Sorry. Not going to jump on this train.
Bitcoin is valuable because...it’s a more stable store of value?
As one commenter noted, during the Dutch tulip mania, at least they had tulips at the end.
:RollingEyesSmiley5:
Re: Bitcoin’s price rises to $50,000 as mainstream institutions hop on - Carnos Jax - 02-17-2021
Supposedly it’s valuable because it’s rare (like money and gold).
I got in on it back when it was around $4K. But I didn’t understand it fully then or now, so I only invested a speculative amount (maybe 5% of my portfolio....that’s how much I was willing to risk losing if it went south).
There is still risk that crypto’s can be banned by governments.
Re: Bitcoin’s price rises to $50,000 as mainstream institutions hop on - sekker - 02-17-2021
The worst decision I ever made was to ignore the entire blockchain launch more than a decade ago.
I had info, could have had 1000 or more bitcoins now.
Had no idea what they would be good for - still not sure. But I doubt I would have held onto them until they became worth $50k each.
Re: Bitcoin’s price rises to $50,000 as mainstream institutions hop on - Carnos Jax - 02-17-2021
What little research I did indicates that (or is my expectation) it could go to anywhere from a few hundred thousand per bitcoin to 1 million or so. I’m in it for the long game. At the time I bought in I looked at it as not having much downside, but a heck of an upside.