Bitcoin Price Thread

[RedDuke]

we see things differently.
That's fine.
1K is in plain sight.

My post was sarcastic, that is why emoji was used.

 

[RedDuke]

https://twitter.com/x/status/1130969335281934336

What a bunch of crooks. First they bought bitcoin, and then we faked tsthers pumped the market.

 

[RedDuke]

almost half of bitcoin is owned by 1000 “whales” who collude on manipulating the price (old article)

https://www.bloomberg.com/news/arti...1-000-people-who-own-40-percent-of-the-market

which include the crypto exchanges themselves who are the biggest price manipulators

 

[Overnight]

When the very last BTC is found, it's value will drop to zero. This is the mechanics of a virtual economy. That shit has been in video games for 4 decades.

Eventually, people will move on. Man.

 

[johnarb]

This thread got quiet when bitcoin stopped the downtrend, hmm...

Anyway, bitcoin price is over $9000 again, last time it did this a couple weeks ago, it went down hard (below $8K), so maybe it will do it again. We shall see...

 

[HolyGrailSeeker]

When the very last BTC is found, it's value will drop to zero. This is the mechanics of a virtual economy. That shit has been in video games for 4 decades.

Eventually, people will move on. Man.

The last bitcoin will be mined like in next century. Good luck waiting till then lol

 

[maxinger]

cryptocurrency is probably the only thing in the world that has infinite supply.

You can mine and mine bitcoin.
if no coin left, you can mine bitcoin 2, bitcoin 3 .... bitcoin infinity.
supply is simply unlimited and price will drop to zero.

 

[RedDuke]

What is very interesting about current Bitcoin raise is the timing. The moment tons of negative shit came out about tether and price manipulation, it jumped higher fast.

 

[Sprout]

This thread got quiet when bitcoin stopped the downtrend, hmm...

Anyway, bitcoin price is over $9000 again, last time it did this a couple weeks ago, it went down hard (below $8K), so maybe it will do it again. We shall see...

Maybe,... new ATH is mostly likely by the end of the year. Folks either ‘get it’ or they don’t,... no sense in arguing. It’s a volatile asset class that democratizes money and defies all expectations.

 

[HolyGrailSeeker]

cryptocurrency is probably the only thing in the world that has infinite supply.

You can mine and mine bitcoin.
if no coin left, you can mine bitcoin 2, bitcoin 3 .... bitcoin infinity.
supply is simply unlimited and price will drop to zero.

This is not a problem. I have addressed this issue many times.

There is already bitcoin1000 or bitcoin2000. Those are the "alts". Yet bitcoin price remains robust while these alts are all dead.

Is like saying Facebook is worthless because anyone can create Facebook 2.0. But in reality Facebook is worth billions. Without the network of people using it a copycat facebook is worth near nothing. Same analogy applies to a copycat bitcoin.