$23,200 as of 7:30am this morning...And no one is even excited yet...lol...I'm not sure anyone understands the magnitude of Bitcoin breaking back into Price Discovery after being called "a bubble" and "dead" in 2018.
BITCOIN
- Thread starter Weather Man
- Start date
Today was definitely a good day for my crypto holdings. Told my buddy that when Bitcoin gets to a million i'm buying a 2020 GT500.
It is interesting to read about all the competitors. They say their coin takes less time and power to "mine". So does that mean they are worth 50%? Sea shells and beads had value at one point, humans are strange.
No...most of the coins that are not Bitcoin (they are called Alt-coins) are not really decentralized and a lot of the initial supply was "given" to the founders of the coin...they call it "pre-mine". I supposed it's possible that another coin emerge and takes over....but the fact that Bitcoin was the first mover, has incredible built in principles/properties, and the hash power and money already placed into the Bitcoin Network makes it king for a long long time i think.
Is Bitcoin more decentralized? Not sure about that...
66% Of Bitcoin’s Hash Rate Is Controlled By China, 54% Coming From A Single Province
Bitcoin – Authorities shut off electrical energy to Bitcoin miners in China’s Yunnan province
Hmmm, China will build cities no one lives in. I wonder how big a warehouse(s) and how many quantum super computers they would be willing to pack in to "race" "mine" ?
It jumped pretty high today. Hope it keeps trending.
Well, I’m up grand now, no lambo but great to be out of the red this far...haha. I’ll probably never sell but the thought starts to cross your mind when you wonder if it is going to level out or drop like last time.
You just never know. I remember getting some at 14.5, but i never sold and it went back to like 3.5 i think lol. Now this new run I’m having flashbacks lol.
Purely from an investment standpoint, if you bought at 14.5 you should sell immediately.
“BLM is doing God’s work”
2KblackGT
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i worded that post wrong, i bought at 14.5 as it rose to 19.5, never sold, it went back down to 3.5...i sold that round at like 7 i think lol.
i bought a stupid tiny amount ($250) this time and kicking myself because i got it at 7.4 this time...doh
yeah, i'm not good at this.
Lol
Ouch.
Live and learn.
Sent from my iPhone using svtperformance.com
Ouch.
Live and learn.
Sent from my iPhone using svtperformance.com
25% of the way to $100k 
Actually 27% right now25% of the way to $100k
I'm starting to question the idea that we will see multiple 30% pullbacks on the way to a blow-off top....There might be too much buy pressure from these institutional funds to allow for a massive correction.
If you had the worst timing on earth and bought the exact top of the 2017 bull market and didn't sell, you would be up almost 47% today, for an annualized return of almost 14%.
Here is my history...like I said I threw in enough to play around.
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