Bitcoin Pushes Past $90,000 (cointelegraph.com)
- Reference: 0175458579
- News link: https://news.slashdot.org/story/24/11/12/2136245/bitcoin-pushes-past-90000
- Source link: https://cointelegraph.com/news/bitcoin-price-rallies-hits-90k-peak-high
> Bitcoin hit a peak of $90,000 on Coinbase at 12:56 PST on Nov. 12 and is up 11% over the past day, per TradingView [4]data . The cryptocurrency is now just over 11% away from reaching $100,000.
[1] https://slashdot.org/story/24/11/11/1545205/bitcoin-sets-another-record-as-bullish-bets-continue
[2] https://cointelegraph.com/news/bitcoin-price-rallies-hits-90k-peak-high
[3] https://politics.slashdot.org/story/24/11/06/0652209/trump-wins-us-presidency-for-second-time
[4] https://slashdot.org/Aftersettingarecordhighyesterday,Bitcoincontinueditsremarkablerally,bireflysurgingpastthe$90,000mark.
Why do they care about the dollar price? (Score:2)
I thought Bitcoiners never wanted to use "evil government fiat" ever again.
Re: (Score:3)
Because it's a scam.
Re: (Score:1)
Units. Nobody knows how much a Library of Congress is worth, and football fields vary widely in price, so we have to compare with dollars.
Re: (Score:2)
Well, no; you could just as easily measure the price in gold or some other commodity that's perceived as being an absolute indicator of value. It just so happens that the standard unit of account for monetary amounts is also a fiat currency, so prices are communicated in terms of it. Maybe you should thinks things through a bit more before posting, hey?
1637 called (Score:1)
They want their tulip bulbs back.
Poor timing (Score:2)
When it's time to buy you won't want to... Told you to buy at $3k - told you at $17k and $15k... Now is not the time to buy EVEN if it carries on rising a little further... don't forget that yield curve inversion business and when shit crashes Bitcoin IS NOT a safe haven.
Re: (Score:1)
There was literally never a good time to buy bitcoin.
Re: (Score:2)
Indeed. There never was. This works on the same principle as a lottery, namely _afterwards_ you know which numbers you would have had to play. But then the second effect comes in: If people had known before, it would have stopped working.
Re: (Score:2)
I personally know someone who, back in 2016, said "screw it" and used some saved money to buy 4x BTC at slightly under $1K a piece. He said he will "forget" about the BTC (kept in a cold storage wallet) until he will be able to buy a large house with it.
Back then we all laughed at him.
Now... well, he's laughing.
Of course, for each person like him, there's maybe 100 who lost quite a bit of money, or even went bankrupt.
It's not about timing (Score:2)
the entire market is held up by ponzi schemes, fraud and money laundering. All of which are terrible for 99% of consumers because they destabilize the market (and it's great fun when one of your loved ones blows their life savings on fraud and you're stuck bailing them out).
Sane people keep expecting the governments to reign in the crime & fraud, since we're always getting told how important that is.
But we keep not doing it, because of reasons. Lots and lots of reasons I would get down modded fo
Ok, I gotta ask this (unrelated) (Score:2)
How come any story from BeauHD is always collapsed (always have to 'uncollapse' it before being able to get to the comments)?
I've looked at my settings, etc. and can find no rhyme or reason why they always show up collapsed - is this some sort of setting?
(p.s. I would love to be able to have all crypto/Bitcoin stories collapsed, since /. [1]refuses to provide a 'cryptocurrency' filter [slashdot.org] - alternatively: can we have BeauHD post all crypto-related stories? Pretty please??)
[1] https://slashdot.org/comments.pl?sid=20564675&cid=62154463
Re: (Score:1)
The site is not managed. There is no point in asking administrative questions.
Re: (Score:2)
Well, put another way: am I the only one that sees this, or just me (a setting unique to me?) - otherwise, I can't see any reasoning behind it if it's applied to all readers (like, why not all stories).
Re: (Score:2)
No, I saw the same thing, I just didn't care.
Re: (Score:2)
This story was tagged as abbreviated (meaning it will be collapsed on the front page) because it's an update to a previous story and doesn't warrant as much exposure.
While I have your attention... (Score:2)
Can I ask that you folks add a 'cryptocurrency' filter - you've got options for stuff from the 90s, why not this newfangled thing?
Yep, but can you actually sell it at that price? (Score:2)
Probably not. Or the fees eat your "profits".
Orangecoin (Score:2)
Their motto: "break things fast and golf"
It's Trump (Score:2)
they're expecting a wave of deregulation and lax law enforcement.
Better get ready to bail out your parents and grandparents when they get fleeced by these bastards. That spare bedroom from when your kids moved out is about to get filled...
Jokes aside, keep a close eye on your elderly relatives and where their money's going.
BUY NOW! (Score:2)
Don't want to miss out on the pump and dump scam now do you?!
Re: (Score:2)
Embrace the FOMO and get ripped off! Don't miss this opportunity to be part of the stupid!