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A comment on Bitcoin breaks above $20k for the first time ever. Parent comment

Re:Bitcoin breaks above $20k for the first time ever by intotheabyss on Wednesday December 16, 2020 @10:23AM (#25443622)
This would have been terrible advice in 2017 when BTC broke past it's previous ATH of $1300.00. Not saying BTC is going to 10x from here, but a true warning from the past would be not to sell.
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Re:Bitcoin breaks above $20k for the first time ever by mcguire on Wednesday December 16, 2020 @10:29AM (#25443718)
Because there's no upper limit to what someone will pay you for a random number backed by no assets.
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Re:Bitcoin breaks above $20k for the first time ever by beamatronic on Wednesday December 16, 2020 @11:05AM (#25444183)
You just described the entire financial system. Everything other than gold or a house falls into this category.
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Re:Bitcoin breaks above $20k for the first time ever by mcguire on Wednesday December 16, 2020 @02:20PM (#25447164)
That is a false statement. For one thing, gold is not a productive asset; for another a house is not spectacular investment.
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Re:Bitcoin breaks above $20k for the first time ever by wolco2 on Wednesday December 16, 2020 @02:48PM (#25447569)
It would have been when it hit 10,000 and dropped below 5,000 for awhile. Depends on when you cash out.
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