news Bitcoin @ $50000

$52k

Iran
North korea
Drug lords
Tax evaders
Dictators
Crazy rich people ( elon mask )
Crooks and swindlers
Pimps and smugglers
Casino addicts
Stocks manipulators
Early hodlers and believers

All of them Can push the price of bitcoins anywhere

Normal sane people don't buy any cryptos or try with small amount of money

Who said anything about the buying? I have several btc from a time when it was 10-15k and all of them were received from digital goods.

gotasale said:

Iran
North korea
Drug lords
Tax evaders
Dictators
Crazy rich people ( elon mask )
Crooks and swindlers
Pimps and smugglers
Casino addicts
Stocks manipulators
Early hodlers and believers

All of them Can push the price of bitcoins anywhere

Normal sane people don't buy any cryptos or try with small amount of money

Click to expand...

You sound like a nocoiner but a true free market would be trading 24/7 with all parties able to trade and counter trade one another.

lambo.com said:

You sound like a nocoiner but a true free market would be trading 24/7 with all parties able to trade and counter trade one another.

Click to expand...

Yes, Bitcoin is illegal in my country
Free market is the dollar. Dollar is accepted all over the world while
Bitcoin not

Elon Musk pushed btc to the moon, overpriced. imk

hello dot com bubble 2.0

gotasale said:

Yes, Bitcoin is illegal in my country
Free market is the dollar. Dollar is accepted all over the world while
Bitcoin not

Click to expand...

If illegal in your country, the propaganda will infer it is not patriotic or sound money.

The former would be true, nothing patriotic about $btc.

The dollar is the de facto global reserve currency and the dependency relationship at scale helps it overcome the tremendous flaws in it's supply, fundamentals and oligarchal distribution.

Bitcoin is a nice thing for those who hold some of it, and it's illegal or useless or bubble for those who don't have.

I'm neither here nor there about it but I don't really understand what it is, what I can do with it that's different to "real" money or have its any differently distributed to really money. Seems a bit scammy to me but I literally don't know a thing about it.

ReallyBigIdea.com said:

Elon Musk pushed btc to the moon, overpriced. imk

hello dot com bubble 2.0

Click to expand...

The hilarious thing is Tesla made more money with that than they ever did selling cars.

https://www.mercurynews.com/2021/02...its-net-profit-doesnt-come-from-selling-cars/

It’s a lucrative business for Tesla — bringing in $3.3 billion over the course of the last five years, nearly half of that in 2020 alone. The $1.6 billion in regulatory credits it received last year far outweighed Tesla’s net income of $721 million — meaning Tesla would have otherwise posted a net loss in 2020.

In fact Elon took these environmental credits, then put the money into Bitcoin which is one of the dirtiest assets because of the energy generation required.

https://www.reuters.com/article/cry...carrying-bitcoins-dirty-baggage-idUSL1N2KF1EF

After this, I think the billions in regulatory credits they have received need to be ended. The company can sink or swim on its own, by selling cars.

The funny thing though is since this went public, Tesla lost about $100B in market cap.

Brad

gotasale said:

Yes, Bitcoin is illegal in my country
Free market is the dollar. Dollar is accepted all over the world while
Bitcoin not

Click to expand...

China?

Samer said:

China?

Click to expand...

No , Egypt

It has increased strangely, I think it will increase even more.

gotasale said:

Iran
North korea
Drug lords
Tax evaders
Dictators
Crazy rich people ( elon mask )
Crooks and swindlers
Pimps and smugglers
Casino addicts
Stocks manipulators
Early hodlers and believers

All of them Can push the price of bitcoins anywhere

Normal sane people don't buy any cryptos or try with small amount of money

Click to expand...

this is sad
but true

gold u can touch...
people give lives to dig bits of it on Africa etc.. as we speak..
whereas btc is all virtual...turn off power.. turn off internet..some natural disaster such... and bitcoin gone..something like gold..even good fiat..will remain to trade with.

the sad truth..and yet verifiable fact is that way more folks got poorer than richer from cryptos....trading buying etc..
but...like often in life we only hear the 1% stories of new btc millionaires. not the ones who sold houses.. kids college funds...got in debt etc..to buy btc.. or the suicides no doubt too...like do many casino gamblers..

if an asset is this volatile.. and its price completely out of yer control..then it's not an asset
..not an investment... it's nothing...or a roulette spin at best

I predict btc 30k by xmas.

like I said the whales and the musks don't care.. cause they either know about or create every crash..so even if they buy btc at 50k today
...they are safe in usdt before it goes to 30k..and when it does they just buy more...

so the argument all the small fishy btc fans use today that btc cant go down cause too many big shots bought it for 50k is a dream fantasy.

haha just read this..

Bill Gates warns people poorer than elon to be careful with btc..

Interesting huh

https://www.wired.com/story/opinion-bitcoins-greatest-feature-is-also-its-existential-threat/