Bitcoin pushing $70k...
Hopefully some fortunate souls here got a bag of it they bought some time ago. Curious to see how high this will go. Any predictions?
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i dont have any bitcoins, but i do have 3 ticket to tonights lottomax:sHa_shakeshout:
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Zip:) |
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also it uses the same amount of energy per year as Argentina, think of the carbon tax bill on that .:rolleye2: |
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If history repeats itself a significant pull back is more than likely, but we're also living in a bizarre time where western Governments and their banks are willfully destroying the value of their currency through unprecedented stimulus. In that context, who knows, could just keep climbing for a while. |
To think I was considering buying a thousand bitcoins when they were at 8 bucks and going up in 2011. Bitcoins went up to 32 dollars and then dropped out to 2 bucks a few months later. And then I was glad I hadn't bought in. Now would have been wow.
One fellow I know bought 10 bitcoins when they were at 3K each. Hope he is smart enough to sell them. Lots of people get greedy and hold on too long. |
I just checked,,,is at $72k now
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Wonder what will happen to bitcoin......some banks and/or countries are talking about making their own ....?
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its like banksy's art before it was view as graffiti vadalism by authority ... now it mainstream modern art pieces. |
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I think its a bit of the old "if you can't beat em, join em" going on. The banks and some governments realize you can't really put a stop to it, and the utility is there, so best they can do is make their own crypto and hope it gets traction.
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DeFi baby DeFi....
Customers of traditional banks expect to be paid interest on their savings and a handful of digital currency platforms are following suit by paying their customers interest on the coins and tokens they store in their wallets. In the U.S., high annual percentage yield (APY) savings accounts typically earn interest at a rate of approximately 2.15%, while standard checking and savings accounts earn far less at approximately 0.01% APY. Digital currency platforms, however, typically pay more interest. If investors can withstand the wild swings typical of cryptocurrencies, there’s more to be earned in interest on their savings than at a typical bank. Below are five cryptocurrency platforms that allow you to earn interest on your coins and tokens. Celsius Network: Storing Bitcoin (BTC) or other cryptocurrencies in a Celsius account can earn anywhere between 3% and 18.55% interest depending on the currency. Celsius pays users interest back in the coin being saved, which then compounds over time. Celsius pays 6.20% APY for Bitcoin, 6.61% APY for Ethereum (ETH) and 13.86% APY for Tether (USDT). It also allows customers the choice to be paid in Cel tokens (Celsius’ own coin) at an even greater rate. If a customer chooses to receive interest on their cryptocurrency savings in Cel tokens, they then receive 30% more rewards on other holdings. Right now you can make 16% on USD stable coin. 7% on PaxG (Gold token) 6% on Bitcoin. In past year Celsius has paid out 250 million in rewards to their members. I joined Celsius in April 2020. Bought BTC then. Also bought CEL token.(which went up 35x)....and was best performing asset on the planet in 2020.... I will NEVER sell all my BTC. Will take some profits. Weak hands(retail) are selling to Strong hands(institution s) Celcius also offers its members 1% loans AGAINST their crypto deposits.(platinum memebers get further 30% discount). To gain high interest and platinum membership you have to have 25% of account in CEL tokens. https://m.benzinga.com/article/19430....google.com%2F |
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Everyone is talking about Bitcoin or Dogecoin. The story of 2021 will be DeFi. It's exploding.... Whether you choose Celsius(my fav.) ,Nexo or BlockFi probably doesn't matter. They all pay high %> Alex.M (Celsius) said he would reach out to Elon to see IF Elon would be interested in storing his Bitcoin with Celsius....IF that happens. CEL token will moonshot.... |
Mtgawks proved it's a scam, hope people can realize their profits.
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That was a combination of theft, fraud and mismanagement. Can you elaborate on it being a "scam"? |
Rule of thumbs with cryptos: if you don't hold it, you don't own it.
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More ignorance....LOL. You think your money is safe in one of Canada's Major Banks? You have to trust sometimes in life. |
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i dont own any bitcoins, but it feels like bubble at this point, unless you are up like 1000+% . but buying into it at these points .:scared:
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Peter Schiff has been calling Bitcoin a BUBBLE since 2013...? When it was $13? LOL.....yep it's definitely in a bubble....but what isn't. As long as they keep injecting stimulus and printing money Crypto will keep going up. And the printing/debt is starting to go parabolic!!! Yes it can be over-valued like anything else. Is Gold in a bubble? Is real estate in a bubble? Are stock markets in a bubble? |
I'm still extremely new to crypto, literally knew next to nothing about it till January this year. Decided I'd better learn about it as fast as I could. Made my first purchases on Jan 5. Bitcoin was super expensive so I didn't buy too much of it....was around 38k as i recall. Ethereum was under 1k when I first bought, now around $2500. I'm assuming there will be a pullback at some point, but when and to what degree is hard to say. I'll try to take some profits along the way and see how it goes...fun ride so far.
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Take Bitcoin for example. Who stands to gain the most? If the price rises? The originator - because he mined his 1 million bitcoins at virtually no cost. Who stands to lose the least? If the price crashes? The originator - because he mined his 1 million bitcoins at virtually no cost. |
It has fallen 10,000 cad in a couple weeks.
It is sure interesting to watch. I had a guy wanting to buy drones from me. He was offering gold or bitcoin up to $3500.00. He has 104 bitcoins, at the time was $7,400,000 and has now lost a million of that. I was going to take the .005btc he was offering, thought about it and then found out how hard it is to cash them in. I am glad I did not. If it goes down to $5000 again I might jump in. Just looked - gold has dropped $350 USD as well since peaking in august |
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Bitcoin will NEVER go to zero. It is a "digitized" store of value in the "digital age". Millenials are NOT buying Gold. 1 of the smartest guys on the planet, Elon is now a BTC HODLer. Soon the Majority of the investment community will own a certain % of their portfolios in BTC. The ONLY way Bitcoin EVER goes to zero is IF Central Banks around the world adopt a Gold Standard or some sort of "backing" of Fiat and stop massive money printing.....Until that stops BITCOIN will continue to rise. |
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