1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[FSP]

IDK how you all are doing it. I took my money out of bitcoin and I am just going to use it to pay off some debt.

I still have money in ethereum, but this rollercoaster ride is hard.

Did someone say it was easy?

 

[Save $ not Hoes]

See y'all in December got killed out here

 

[Clark Wayne]

Big news on Binance

Crypto Finds a Friendly EU Island in the Sun


Binance, the world’s largest cryptocurrency exchange by traded value, is seeking a fresh start in the Mediterranean.

The company, founded last year in Hong Kong, is planning to open an office in Malta, Chief Executive Officer Zhao Changpeng said in an interview. Binance will soon start a “fiat-to-crypto exchange” on the European island nation, and is close to securing a deal with local banks that can provide access to deposits and withdrawals, he said, without providing a timeframe.

 

[Nikki_04]

Did someone say it was easy?

No, but everyone said it would be so much easier during tax season because people will be investing more and then the opposite happens. It has been a new level of hard IMO, but I have only been in this since December.

 

[Freedman]

Looking to do some gardening and found out certain sites that sell seeds take Cryptos as A payment methods. That's cool to see and it keeps everything a little more discrete to

 

[FSP]

No, but everyone said it would be so much easier during tax season because people will be investing more and then the opposite happens. It has been a new level of hard IMO, but I have only been in this since December.

lol. I said that too. It's crypto. It's gonna make you feel stupid for no reason other than ITS CRYPTO

Bitcoin was dead for 3 years at $200 then suddenly jumps to 1k, then a year later jumps to 20k. It's like quantum mechanics, it doesn't make sense

 

[Supa]

Looking to do some gardening and found out certain sites that sell seeds take Cryptos as A payment methods. That's cool to see keeps everything discrete

You better use Monero.

 

[Mike809]

No, but everyone said it would be so much easier during tax season because people will be investing more and then the opposite happens. It has been a new level of hard IMO, but I have only been in this since December.

If you want the highs , you also have to take the lows. this ain't for the impatient or those that cant afford to lose they money the put in.

 

[Ghost Utmost]

lol. I said that too. It's crypto. It's gonna make you feel stupid for no reason other than ITS CRYPTO

Bitcoin was dead for 3 years at $200 then suddenly jumps to 1k, then a year later jumps to 20k. It's like quantum mechanics, it doesn't make sense

First word

Speculators

Second word

Bubble

 

[FSP]

First word

Speculators

Second word

Bubble

That shyt is empty wording too. What's the difference between a bubble and a regular market cycle, and speculation and actual value

 

[Ghost Utmost]

That shyt is empty wording too. What's the difference between a bubble and a regular market cycle, and speculation and actual value

Think back to the housing 'bubble'

The problem with that was: you buy a house for $300K that was $200K a couple years before. You put down the $300K cause you *think* the price is going to go to $350.

And maybe it does.

Eventually, a dude buys the house for $450K

Bubble bursts (the next person does not come along and pay $500K)

You had a $200K house. You overpaid because you *thought* you would profit anyway.

The guy left holding the 'bag' at the $450K price point loses $250K quick fast

Cause once the bubble bursts, the house gets valued at its true value $200K

Speculators drove the price up. Not to live in it, to resell it.

Now let's look at Bitcoin. One BTC is like $5000 or whatever, right?

So what do you have for your $5000 ?? They don't even send you a physical token.

You say 1 BTC is worth $5000 I say it's not worth shyt cause it's not even an actual thing.. like a house.

I predict that the price will correct and 1 BTC won't be worth thousands in the future. Cause you can't eat it or build with it or anything.

 

[FSP]

Think back to the housing 'bubble'

The problem with that was: you buy a house for $300K that was $200K a couple years before. You put down the $300K cause you *think* the price is going to go to $350.

And maybe it does.

Eventually, a dude buys the house for $450K

Bubble bursts (the next person does not come along and pay $500K)

You had a $200K house. You overpaid because you *thought* you would profit anyway.

The guy left holding the 'bag' at the $450K price point loses $250K quick fast

Cause once the bubble bursts, the house gets valued at its true value $200K

Speculators drove the price up. Not to live in it, to resell it.

Now let's look at Bitcoin. One BTC is like $5000 or whatever, right?

So what do you have for your $5000 ?? They don't even send you a physical token.

You say 1 BTC is worth $5000 I say it's not worth shyt cause it's not even an actual thing.. like a house.

I predict that the price will correct and 1 BTC won't be worth thousands in the future. Cause you can't eat it or build with it or anything.

Using present infrastructure to determine the future of a technological asset is a terrible thing to do. Cuz people said that about the internet too. When you had to use your phone line to connect to a 56k modem through an unsecure conne tion and wait 5 hours just to download porn. When the infrastructure is built, it will be possible to do much more

 

[TNC]

Except for VIA I had those same coins but bailed a while ago. Add XRP and that's the crypto starter pack.

I got about 500 XRP too

I just been sitting on everything since this dip, but I'm not trying to actualize the loss so I'll sit until it rises, and its HAS to rise.... right?

 

[eastsideTT]

I got about 500 XRP too

I just been sitting on everything since this dip, but I'm not trying to actualize the loss so I'll sit until it rises, and its HAS to rise.... right?

man I've been skeptical on XRP since day one and still for the life of me can't figure out how the coin itself (not the actual transfer protocol) has, or will have, any significant value. Thought it was suspect from day 1. BUT - about 5 days before that CNBC "announcement" I copped some (same amount as you) in anticipation of it rising...and it appears everyone else did the same thing because it was climbing up and up. I was hoping to G off and make a quick flip. I didn't sell when it was up, the CNBC thing ended up doing nothing, and I'm holding XRP that's worth like $.60 now

 

[Ghost Utmost]

Using present infrastructure to determine the future of a technological asset is a terrible thing to do. Cuz people said that about the internet too. When you had to use your phone line to connect to a 56k modem through an unsecure conne tion and wait 5 hours just to download porn. When the infrastructure is built, it will be possible to do much more

That does not address the issue.

I'll skip ahead to the answer.

If people actually start using bitcoin as money (instead of a speculative investment) then it will be worth whatever the exchange rate is but I seriously doubt it will be 10000x USD.

So whoever paid $10K got robbed.