Bitcoin Reaches and Surpasses $100k USD
- Reference: 0175596491
- News link: https://news.slashdot.org/story/24/12/05/0330210/bitcoin-reaches-and-surpasses-100k-usd
- Source link:
Slashdot was [1]pretty early on Bitcoin.
Thoughts, nocoiners?
[1] https://news.slashdot.org/story/10/07/11/1747245/bitcoin-releases-version-03
I would rather eat grass (Score:2)
I won't invest in BitCoin even if it makes me money any more than I would invest in a weapons company. Yeah, they make tons of cash too. But ethics is a thing.
Not any less ethical than any other money. (Score:5, Interesting)
Nothing any more unethical about bitcoin than any national currency and you probably use that.
Re: Not any less ethical than any other money. (Score:2)
I make it a point not to hoard dollar bills under my mattress and call it "investing." And purchasing anything other than a share of a productive asset or organization is functionally equivalent to hoarding dollar bills. I know I won't win the lottery this way, but I also know I'm reasonably insulated from most kinds of crashes except the civilization-ending kind. In which case even shiny rocks are useless since they won't fill my belly.
You may not have a choice (Score:4, Insightful)
before long deregulation will bring the major banks in, and it'll infest all of Wall Street, just like mortgage backed securities did in 2008.
And if you think that crash was bad wait until a bubble backed by funny-money instead of houses bursts.
Maybe but crash is eventually if at all (Score:1)
And if you think that crash was bad wait until a bubble backed by funny-money instead of houses bursts.
Yes but today is not that day; next year is not that year.
I guess I'm really more saying, DO NOT short anything to do with Bitcoin, even tangentially.
I tried shorting NVida a bit (thankfully a very small bit) because price seemed insane, I got burnt. Learn from the fire.
it'll infest all of Wall Street, just like mortgage backed securities did in 2008.
I feel like BitCoin is actually safer than MBS, becaus
Re: (Score:2)
What on earth is unethical about bitcoin?
Re: (Score:2)
> What on earth is unethical about bitcoin?
Some people equate it to a ponzi scheme.
Re: (Score:2)
You're under the impression Bitcoin is a currency.
It isn't money, it's no more money than a Bored Ape NFT is.
It's buying and selling things of no tangible value. Like investors in the stock market.
Nocoiner tears - mmm so tasty (Score:5, Interesting)
We have our Lord and Saviour (Trump) heading to the Oval Office, and Satoshis heading to the moon (on a Musk rocket). Life is good.
Now it is going to go (Score:5, Interesting)
Bitcoin has full support from Trump and some kind of rumored integration into government.
I don't say this as anyone who has any real stake in it; I believe in more solid things. But BitCoin I think is going to fly now for a while.
If anyone shorted Greyscale I feel for you... I thought about it but didn't want to jump in front of what I could see was a fast moving train.
Bitcoin may yet have a bad crash (I man like 90% bad) ahead as many predict but not for years now.
Even if you agree with this all use utmost caution before jumping onto it. Could easily have some kind of pullback as I think hitting 100k will have a lot of people selling for a while to lock in gains... balanced though by many people possibly wanting in now that it's hit that level.
Re: (Score:2, Funny)
Why don't you just call him Elon? Is Elmo some virtue signaling thing your ideological tribe made you do?
Re: (Score:2)
Same reason I don't call Donald Trump "Donald".
Same reason I don't call Bill Gates "Bill".
Same reason I don't call Mark Zuckerberg "Mark".
Same reason I don't call Jeff Bezos "Jeff".
Real question, is why the fuck do *you* call him Elon? Do you imagine you have some kind of relationship with him?
The grand master plan of crypto (Score:2, Interesting)
The plan for all cryptocurrencies isn't what they want to make you think it is. It's more sinister than the egalitarian image the crypto boys portray for it.
After the 2008 financial meltdown, cryptocurrencies were born out of it, declared to be the means by which people could be freed from banks/governments, and promised to avoid any such future meltdowns from happening ever again.
But the crypto boys watched closely the result of that meltdown, and formulated their plan: create a new form of currency, and
Re:The grand master plan of crypto (Score:5, Interesting)
DeFi has nothing to do with Bitcoin. You should do some reading.
Bitcoin is still early (Score:5, Interesting)
It goes to infinity or zero.
Bitcoin has been very good to me. I donâ(TM)t get the shade and hate; I learned about it here a very long time ago.
Hodl.
Thoughts? Yes: (Score:2, Flamebait)
> Thoughts, nocoiners?
My thoughts? Yes: that the Slashdot staff [1]have a vested interest in cryptocurrencies. [slashdot.org]
[1] https://slashdot.org/comments.pl?sid=23522683&cid=64979895
Re: (Score:2, Funny)
Yeah crazy that a technology website that covers tech and has been [1]for over a decade [slashdot.org] likes sound money digital currency that cannot be printed to fund foreign wars. You're a regular Sherlock Holmes!
[1] https://news.slashdot.org/story/10/07/11/1747245/bitcoin-releases-version-03
Re: (Score:2)
They asked, I answered. Tough shit if you're offended.
Re: (Score:1)
Dropping to zero? I think you're talking about the US Dollar. Bitcoin only goes up.
Re: (Score:1)
[1]https://www.therichest.com/lux... [therichest.com]
[1] https://www.therichest.com/luxury/valuable-collectibles-worthless/
Greater Fool Theory (Score:2)
> Thoughts, nocoiners?
If you can find a greater fool, then more power to you.
No matter what it sells for, it's still worth less than a tulip bulb \_()_/
Re: (Score:1)
The thing with bitcoin is, if you have it, you risk losing all of it.
If you got it for free (say if you mined it in 2010, wink-wink, nudge-nudge) then you will not really lose anything.
And if you do not have it, you hate those who profited from it. Because they are rich and you are not.
Tulips decay (Score:1)
No matter what it sells for, it's still worth less than a tulip bulb
No, in real life terms that is quite false. I bought tulip bulbs last year and one BitCoin would buy quite a lot more than I bought.
At the height of the tulip craze yes the tulips were way overvalued. But inherently they were the playthings of rich people, a limited fund of buyers and tulip bulbs themselves had a limited lifespan.
But BitCoin is owned by many people of all walks of life now. And once you have it in a wallet it sits there
Been kicking myself (Score:2)
every time I remember seeing bitcoin for sale on ebay for about a nickel and thinking, "Why waste my money?"
Now it begins... (Score:2)
Bitcoin has "value" for one reason only: the maximum number of units (coins) in circulation at a given time is mathematically limited. In theory this makes BTC an inflation-proof asset. But now that speculators are trading stories of the fortunes they made, or missed making, as BTC ascended, they are becoming aare that othe cryptos gpw been minted, using the same math as BTC.
So right now, there are two tribes of utter fools flooding social media. One tribe crows "I hold Bitcoin, and it's now over $100K. I'm
So buying targets have surpassed $25k (Score:3)
> Bitcoin reaches and surpasses $100k USD
So buying targets reach and surpasses $25k USD. Bitcoin is notorious for 75% corrections after the really big and fast run ups.
Re:So buying targets have surpassed $25k (Score:5, Interesting)
Yeah but then what happens after that?
Re:So buying targets have surpassed $25k (Score:5, Interesting)
The HODL gang shows up, buys all they can, and the price goes up.