Bitcoin surpasses $50K as major companies jump into crypto

Re:Bitcoin surpasses $50K as major companies jump into crypto by IgorPartola on Tuesday February 16, 2021 @08:40AM (#26153738)

Remember that pizza you bought in 2013? You could have invested that money into TSLA and it would be worth a heck of a lot more now. Opportunities like that exist today also. Does that make you not want to eat pizza?

I bought BTC at $20. I sold at $1000. When I sold I had something like 1.95 BTC (had a bit of it stolen from poorly secured exchanges, lost some trying my hand at bot trading). Still happy with it because what I bought at the time with with it made me happy (Sonos speakers and photo gear). Would it have been nice to hold onto it until it was $50k? Maybe. But I have been enjoying the benefits of what I got for far longer.

Having said that, I think XLM is in a good position to jump up in price and I still have their free initial allotment.

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Re:Bitcoin surpasses $50K as major companies jump into crypto by f430 on Tuesday February 16, 2021 @06:00PM (#26159905)

I bought like 200 BTC back when it was $10 and ended up selling half of it when it hit $1000.

I liquidated the remaining ~90 BTC until 2018 when it was approaching $10,000.

I have no positions in crypto anymore. Lot of people are going to be caught holding the bag now. It's not common to hear somebody moving a big chunk of their savings in to this "digital gold". I am worried that this is going to result in a lot of broken dreams. Doubly more worried about people over leveraged in real estate.

Bitcoin is a poor storage of value and the cognitive dissonance is profound-the more they hype it as "digital gold" the more it deviates from that description.

I realized that Bitcoin, cryptocurrency is largely a vehicle for money laundering, in particular moving money out of China, Russia and other similar countries.

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Re:Bitcoin surpasses $50K as major companies jump into crypto by worker767424 on Wednesday February 17, 2021 @01:31AM (#26163380)

But what will TSLA be worth when Elon finally goes to prison for something?

There was buying his cousin's company, the bit with the SEC, selling not-a-flamethrowers. The guy he called "pedo guy" sued him but lost because apparently nothing Elon says is credible. There's a 20% chance he sees prison time by the end of the decade.

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Re:Bitcoin surpasses $50K as major companies jump into crypto by BrissyCoder on Tuesday February 16, 2021 @10:16PM (#26162221)

What's your thinking w.r.t XLM?

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Re:Bitcoin surpasses $50K as major companies jump into crypto by IgorPartola on Wednesday February 17, 2021 @08:35AM (#26166097)

It’s a solid and usable cryptocurrency that is developing good strategic partnerships. Currently Ukraine is exploring it as its official cryptocurrency, as I understand. Nano is another good one but seems much more obscure.

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