Bitcoin Is Over $7,200!

[Joe Flacco]

Yeah I think $25,000 next year. Still I absolutely hate getting in at highs.

 

[Joe Flacco]

I don't think markets are going to crash or think governments will collapse though.

 

[Deleted member 134708]

Just think. A global currency that is Anonymous.

It transfers in 1 second. Gold? Good luck shipping that on the internet.

7 billion people x Y of coins? You tell me. $0 or most valuable thing man has ever created.

Want 1 cent in usd shipped to a jungle in Africa that = $20 their currency. Bitcoin.

 

[gregb]

Preppers leading new charge-

By David Z. Morris
10:26 AM EST
The price of the cryptocurrency Bitcoin has risen more than 12% in the last week, moving past $9,000 early Sunday morning to yet another in a long string of all-time highs. The cryptocurrency’s total market value is now more than $150 billion.

Other cryptocurrencies have also had a very strong week, with Ethereum and Bitcoin Cash also up for the week.

This continues a roughly eight-month winning streak for Bitcoin and other cryptos, which use decentralized ledgers and cryptographic security to move value over the internet. Since April 20, when it was worth just over $1,200 (per Coinmarketcap.com), Bitcoin has risen nearly 650%.

The extended surge can be explained most of all by the entrance of a broader swathe of global retail investors into the market. Previous Bitcoin surges generated headlines and gave skeptics a chance to familiarize themselves with the technology, but it’s far easier for individuals to actually buy cryptocurrency today, through a huge number of online exchanges, than it was back in 2013.


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All that retail enthusiasm has generated an array of sketchy “initial coin offerings” and even outright scams, signals of a bubble swimming with less-knowledgeable buyers. But the market has also weathered a number of setbacks, including a major crackdown by the Chinese government and a divisive upgrade controversy, without losing steam, suggesting at the least that buyer enthusiasm is durable.

Another fascinating indicator, highlighted last week by Bloomberg, is the adoption of Bitcoin by U.S. survivalists or “doomsday preppers,” who increasingly believe it will (somehow) be more useful after a major disaster than gold or U.S. dollars.

The latest price landmark is also notable because it tees Bitcoin supporters up to adapt one of the internet’s most enduring memes.

 

[Deleted member 134708]

Was reading some chain analysis this am.

Bitcoin only let's say:

So out of the 21mm coins to be mined, I didn't think about 30% of those will be lost out of circulation forever. (Non-nefarious)

Just another case for most valuable currency ever. (Cryptos combined)

Although forks create unintended supply which this analysis didn't bring up. But I guess creates a supply of xyz coin aka Bitcoin cash. But Bitcoin supply is true to the analysis.

$10,000 by tonight.

 

[DTB]

Unreal, I'm waiting for a dip and Junior bought for 8100 on Fri. ARRRGH

 

[Joe Flacco]

The FOMO is real.

 

[Joe Flacco]

I think possibly headed to $16,000 ish before another meaningful pullback.

 

[Joe Flacco]

F it. I have to open a position. I'm just gonna buy some here. I'll add whenever it dips again.

 

[Joe Flacco]

Can't let this run without me.