1 bitcoin is $88,000 . How did this happen

[Eternally Jaded]

Hold up so u mean to tell me this shyt is worth all this money, and u cant cash it out lol.. wtf is the point

Lies.

You can cash out on Coinbase with a couple of clicks.

Just make sure you have a sitdown with your bank/whatever beforehand to outline what and where it's coming from.

 

[Cryptocurrency Scarface]

 

[itsyoung!!]

Until I see a Nygga withdraw Bitcoin for Real money I won't be impressed.

theres bitcoin atms in california

 

[Savvir]

backed by history ?!?! boy if you don't get outta here with that. real money should be backed by commodities like gold and oil

So should the price of gold/oil increase as the total monetary supply and goods increase

or is should the total amount of money in the world be capped by how much oil/gold exists?

in the case of oil... would money's value decline as the supply of oil eventually dries up in the future?

oil being a consumable good... does the value of money decline depending on the reserve usage around the world?

 

[Rev Leon Lonnie Love]

Davinci, a breh pushing gold and btc, was big back in the early 2010s on youtube. I remember him and Max Keiser from RT would push bitcoin hard.

I owe it to both of them for getting me in when BTC was below 100 usd. I made bank, and I continue to make bank, from their advice.

They are both billionaires now. On paper they are multi millionaires, but they for sure have more than that.

I was a clueless college student chasing hoes and not paying attention to nothing outside my immediate circles when bitcoin hit the scene in 2008-2009. I coulda been rich now if I went ahead and got the CS degree like I should have instead of that useless Actuarial Science major.

Hindsight is a mofo

 

[The Plug]

Keep buying more and reap the benefits

But I'm saying like what's the benefit. If I buy it, the shyt isn't in my bank account.

 

[RhymesWell]

I was a clueless college student chasing hoes and not paying attention to nothing outside my immediate circles when bitcoin hit the scene in 2008-2009. I coulda been rich now if I went ahead and got the CS degree like I should have instead of that useless Actuarial Science major.

Hindsight is a mofo

Bruh I heard about it early around the time I got a PayPal in like 08. I was heavy on internet forums and was very very close to getting some and I ultimately was like nah what is the point of this. If I had a time machine bruh.

 

[CoryMack]

theres bitcoin atms in california

here in texas too

 

[In The Zone '98]

Man yall will drive yourselves crazy paying attention to these high volatile assets. I learned my lesson during the pandemic playing with this shyt. As with anything the higher the risk the higher the reward and the higher the potential losses.
Don't invest in shyt just because you see it climbing and trending right now

It's been trending for 15 years...

 

[Uitomy]

Can't go to whole foods with a chunk of gold and buy anything either

which is pretty damn evil when you think about it

 

[cyndaquil]

It's been trending for 15 years...

Stop being obtuse. When it reaches highs it's everywhere and brehs end up FOMOing in

 

[Uitomy]

It's been trending for 15 years...

the average person CANNOT compete with traders, corporations, and countries constantly tanking and then propping up the price on 50% swings over and over. Sure many people could hold, but the way inflation and the economy has been going this past decade your average person really isn't affording to invest

 

[In The Zone '98]

Stop being obtuse. When it reaches highs it's everywhere and brehs end up FOMOing in

That has been the case for 15 years

You either in or you watch

 

[ThaBoyBam]

Same cycle every year. I had to cash out at 70k. I was flipping between 50k and 70 can for the year. I think 70k gonna be the new bottom.

 

[the bossman]

the average person CANNOT compete with traders, corporations, and countries constantly tanking and then propping up the price on 50% swings over and over. Sure many people could hold, but the way inflation and the economy has been going this past decade your average person really isn't affording to invest

What is so hard about buying a little bit each paycheck?

Why would you need to compete with traders and corporations to do that?