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

[heisenburrr]

[QUOTE="mannyrs13, post: 40214378, member: 1705] it has had quite a run but how many are really profiting big like that? the tech is whats gonna drive the market in the future.[/QUOTE]

 

[calixprynce]

All depends on your average cost and amount held. Right now I got $600 worth of bitcoin. Lets say it doubles to 40k in a year. That 600 is now worth 1200. Some money made but barely anything and not the same if a lower price alt or a stock/etf would double and I had more shares. BTC I believe I heard is mostly owned by large institutions or whales. Plus with a limited supply, that doesn't leave much for small investors like us. I think it will eventually stabilize as more whales load up and take more of the supply. It's an alternative to fiat and not much else. Still needs to be converted in the long run. Once it gets universal acceptance then I can see it trying for that 100k mark but I doubt it will replace fiat cuz of all the different currencies out there and each government wanting to control their money. Gonna be hard to replace fiat with btc. Especially at a limited supply and if they raise the limit, that lowers the value. Its not a bad investment as evidenced by that chart that was posted, but unless you holding a decent amount of coins, may not be worth it.

yall nikkas playin man .

 

[LinusCaldwell]

I’m bout to jump back in this.

 

[heisenburrr]

buuttttttt blockchain technology

 

[JetFueledThoughts]

buuttttttt blockchain technology

It was actually around $15M, not the full 675. Exciting either way

 

[heisenburrr]

I doubt it will break 20k. A lot of assets are inflated right now. Might be an indicator for a possible correction in January. I'm casing out on coinbase. bytchoin is inflated, SPY is inflated, Chinese stocks are inflated

INFLATED INDEED

 

[heisenburrr]

It was actually around $15M, not the full 675. Exciting either way

• "Ruffer's exposure to bitcoin (BTC, +4.93%) currently totals around £550m, equivalent to around 2.7% of the firm's assets under management," a spokesperson told CoinDesk in an email.

Ruffer Investment Confirms Massive Bitcoin Buy of $744M - CoinDesk

 

[JetFueledThoughts]

• "Ruffer's exposure to bitcoin (BTC, +4.93%) currently totals around £550m, equivalent to around 2.7% of the firm's assets under management," a spokesperson told CoinDesk in an email.

Ruffer Investment Confirms Massive Bitcoin Buy of $744M - CoinDesk

Another Giant Joins In: $15 Million In Bitcoin Bought By Ruffer Investment

Battle of the links I guess

 

[heisenburrr]

Another Giant Joins In: $15 Million In Bitcoin Bought By Ruffer Investment

Battle of the links I guess

cryptopotato breh...

but those were initial reports, the real amount just got confirmed this morning

 

[cheek100]

We’re going up again brehs

 

[50CentStan]

I still don't understand why people are investing in bitcoin instead of investing in blockchain technology

Care to give some examples of how to invest in blockchain technology? What companies etc

 

[mannyrs13]

yall nikkas playin man .

Hopefully you become rich off your many bitcoins one day.

 

[calixprynce]

i know about eggs and baskets yadda yadda , but if I was these companies, Im putting WAY MORE than a measly 1% in Bitcoin . at least 5-10%

 

[Supa]

UPDATE THE THREAD TITLE

Where's all the clowns who only showed up to laugh whenever the market turned bearish?

 

[calixprynce]

Hopefully you become rich off your many bitcoins one day.

i will . shyt next year i'll give you a job while you still got your shytcoins .