It’s been an eventful week for crypto exchanges and the U.S. government. Changpeng Zhao, also known as “CZ,” the founder and CEO of Binance, is stepping Binance to pay $4.3B in fines and CEO ‘CZ’ to step down and plead guilty...
Probably running and not posting inane drivel on a running forum?
Probably not. Heard plenty from them when the price dropped.
Over the long term it should approach zero because it can’t be used for anything useful in the real world except Ponzi scheme gambling games. If people want to trade worthless turds for 100k I’m fine with it. They’ll learn again if they didn’t learn before
Well guess what it will break its personal best mark it's just a matter of when. It was also nearly 75% down from that earlier this year. So very volatile. People have already made money off it (the ones who've cashed out profits) and the long term holders will as well in time. There's people who have lost money but you only really lose when you cash out (for a loss) and conversely you win when you cash out (for a profit). Just another stock but certainly a potential goldmine.
If you can afford to gamble a little money, put a small percentage on bitcoin. So long as you recognize it's extremely risky. If this is your total retirement plan, you might as well head to Vegas.
Or go big.
If you had invested $100,000 8 years ago, it would be worth over 10,000,000 today
And was $61,200 back in March 2021. In March 2021 the Dow Jones Index was 32,000 and today it's 36,000. Better off to have it in the market (where you could even get some dividends on top of the price gains).
There's no reason to believe Bit Coin will go up, it is an artificial currency that isn't tied to anything, and new ones pop up all the time taking part of the market share for ETFs. It's a lot harder for a new company to compete with a publicly traded company.
And was $61,200 back in March 2021. In March 2021 the Dow Jones Index was 32,000 and today it's 36,000. Better off to have it in the market (where you could even get some dividends on top of the price gains).
There's no reason to believe Bit Coin will go up, it is an artificial currency that isn't tied to anything, and new ones pop up all the time taking part of the market share for ETFs. It's a lot harder for a new company to compete with a publicly traded company.
As already noted, there is a 7 month period you can select (cherry pick) where had you bought bitcoin, you'd be down today. However any other period in the last ten years and you are up. Mostly way up
As already noted, there is a 7 month period you can select (cherry pick) where had you bought bitcoin, you'd be down today. However any other period in the last ten years and you are up. Mostly way up
I'm going to guess you bought in that 7 month period Unkle Loony.
As already noted, there is a 7 month period you can select (cherry pick) where had you bought bitcoin, you'd be down today. However any other period in the last ten years and you are up. Mostly way up
I'm going to guess you bought in that 7 month period Unkle Loony.
Why would you "guess" that?
I am going to guess it's because you wished that were the case. And you're not too bright and are threatened by the truth that goes against the establishment narrative you have been sold and accepted without skepticism.
And was $61,200 back in March 2021. In March 2021 the Dow Jones Index was 32,000 and today it's 36,000. Better off to have it in the market (where you could even get some dividends on top of the price gains).
There's no reason to believe Bit Coin will go up, it is an artificial currency that isn't tied to anything, and new ones pop up all the time taking part of the market share for ETFs. It's a lot harder for a new company to compete with a publicly traded company.
As already noted, there is a 7 month period you can select (cherry pick) where had you bought bitcoin, you'd be down today. However any other period in the last ten years and you are up. Mostly way up
It's not really cherry picking when we're talking a nearly 3 year span. It still has a long way to go to get back to what it used to be, if it ever does get there. There's no reason to believe it will ever get that high again. Bit coin exploded several years ago, if you had it before it got popular then consider yourself lucky. But it's not a long term investment plan set up for success.
Well guess what it will break its personal best mark it's just a matter of when. It was also nearly 75% down from that earlier this year.
Not so. Has more than doubled in value since beginning of year
Chasing price swings of intrinsically worthless turds is not a good long term investment strategy for building wealth. It’s a get rich quick attempt attractive to vulnerable poor people
”but you don’t understand it it is the future of money don’t be left behind”
I won't buy any due to the bad impacts they have on the environment. There are other ways to invest in stocks for instance without bitcoin's environmental baggage and I've decided to do that instead.
Bitcoin is an environmental disaster and I won't contribute to it.
The crypto community has no credibility. The FTX saga, those stupid gorilla NFTs that went nowhere despite insane hype from all the crypto pushers, zero stability in prices. Furthermore, the crypto hypers still can't explain exactly what bitcoin IS. They don't know. Nobody knows. But, by all means, keep buying fake money with real money.
Next Bitcoin halving, which lowers price bc miners earn, roughly may '24. This reduces supply of bc, so usually drives a short term surge, due need and hype around this event.
As already noted, there is a 7 month period you can select (cherry pick) where had you bought bitcoin, you'd be down today. However any other period in the last ten years and you are up. Mostly way up
It's not really cherry picking when we're talking a nearly 3 year span. It still has a long way to go to get back to what it used to be, if it ever does get there. There's no reason to believe it will ever get that high again. Bit coin exploded several years ago, if you had it before it got popular then consider yourself lucky. But it's not a long term investment plan set up for success.
Not a 3 year span. About 7 months.
Currently trading at nearly $44,000.
Feb thru April 2021 the price was higher. Ditto August thru December. The rest of the over ten years of trading history it has been at a lower price than $44k. Hence, had you bought at any time other than those 7 months, you are ahead of the game.
The crypto community has no credibility. The FTX saga, those stupid gorilla NFTs that went nowhere despite insane hype from all the crypto pushers, zero stability in prices. Furthermore, the crypto hypers still can't explain exactly what bitcoin IS. They don't know. Nobody knows. But, by all means, keep buying fake money with real money.
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