Bitcoin $80,000

[Bobby Bucks]

Bitcoin $80,000
I like bitcoin. I also like several other cryptos, but only ones with utility. One obscure one I like is PRO Propy which is real estate related with web 3 technology. It behaves like a super ball, it was up 70% yesterday. Propy has already processed 4 billion in real estate transaction and shows promise. Anyone else have a favorite crypto? I also like SUI which Raoul Pal mentioned several months ago.

 

[Bobby Bucks]

I must apologize because what I posted is not true, in fact it is a lie. Bitcoin is actually at $85,000

 

[Fernando]

I didn't realize it but my wife bought some crytocurrency stocks years ago. It went up 75% since Trump won.
Not sure if it's overexuberance in high expectation of our economy next year.
In any case, we sold some loser stocks thinking it's the best price now before hitting back to reality.

 

[Bobby Bucks]

I didn't realize it but my wife bought some crytocurrency stocks years ago. It went up 75% since Trump won.
Not sure if it's overexuberance in high expectation of our economy next year.
In any case, we sold some loser stocks thinking it's the best price now before hitting back to reality.

Sounds like she may have bought Bitcoin mining stocks. Some of them have done better than spot Bitcoin. I've got several of them in my IRA. It looks like she purchased the right ones. I like them because they have AI capabilities too since they require a massive amount of specialized computer hardware. Some of those mining companies own their own hydro electric facilities.

 

[Fernando]

I was always against buying cryptocurrency because of its riskiness.
She usually does what she wants. She's willing to take more risks. Maybe that's why she married me.

 

[Non Sequitur]

 

[Elliott]

Y'know I didn't mention when Costco went over $900.

I was curious today and the earth has a net worth of $5,000 Trillion. Bitcoin has a cap value (I think) of about $1 Trillion. But regardless of its change in value, what 'real' jobs does it create and how is it more efficient than a Visa card? And with regulation it will have no secrecy.

 

[Charles West]

Y'know I didn't mention when Costco went over $900.

I was curious today and the earth has a net worth of $5,000 Trillion. Bitcoin has a cap value (I think) of about $1 Trillion. But regardless of its change in value, what 'real' jobs does it create and how is it more efficient than a Visa card? And with regulation it will have no secrecy.

I look at it as a check on fiat currency's credibility secondarily and a stake in the ground on blockchain technology primarily.

 

[Bobby Bucks]

I love Bitcoin rumors, one is that at least one nation state is secretly buying it to use as a reserve asset.

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I believe Nakamoto was the late Hal Finney. Brilliant, but humble, not seeking the limelight. How many billion is Nakamoto worth now? I believe he owns around 1 million Bitcoin.

I look at it as a check on fiat currency's credibility secondarily and a stake in the ground on blockchain technology primarily.

If we use Bitcoin as a strategic reserve asset, it could be the first step in neutering and eventually eliminating the fed. I like the approach El Salvador did by declaring it an official currency and buying millions in Bitcoin for their treasury.

Y'know I didn't mention when Costco went over $900.

I was curious today and the earth has a net worth of $5,000 Trillion. Bitcoin has a cap value (I think) of about $1 Trillion. But regardless of its change in value, what 'real' jobs does it create and how is it more efficient than a Visa card? And with regulation it will have no secrecy.

Elliot you’ll eventually be a bitcoiner. In the meantime the Bitcoin ETFs are available

 

[Fernando]

Don't understand Trump's support for Bitcoin. US Dollar needs to be world currency.
Bitcoin is a Threat to the US Dollar.