BITCOIN is now = to 1 oz of Gold

[Reco]

I think Bitcoin wont last for simple reason. It threatens National Currency from Nation States.

 

[cigars]

If the grid goes down can you buy toilet paper with a handful of bitcoin or a handful full of precious metal?

 

[cigars]

I think Bitcoin wont last for simple reason. It threatens National Currency from Nation States.

Bitcoin is perfect though if the plan for a universal basic income ever comes to fruition. It's rumored that bitcoin will do to currency and the financial system what Netflix did to Blockbuster.
Block chain is a sleeping giant. There are many levels to it. It's worrisome how AI has come so far, so fast. It's no coincidence that block chain currencies are developing right along side it.

 

[mrblond]

a little necro...
I saw this today.. not good for bitcoin if its true

Worries Grow That the Price of Bitcoin Is Being Propped Up

 

[Camelfilter]

Wait, if bitcoin was worth an oz of gold at the start of this thread, shouldn't they be worth 10oz now with the current admin?


Edit
Hmm google - foo:

Bitcoin

10102.03 US Dollar

Edit 2

Hmm
Gold oz -

$1,345.60

 

[Silver Hand]

If the grid goes down can you buy toilet paper with a handful of bitcoin or a handful full of precious metal?

If you have any common sense you will learn to wash out a rag.

 

[IronMonster]

If you have any common sense you will learn to wash out a rag.

You need to have a clean water source for that....

 

[41mag]

I've tried to understand bitcoin.
I've tried to understand 'federal reserve'.
I've tried to understand 'big bang'.
So far, no real progress.

 

[Camelfilter]

I've tried to understand bitcoin.
I've tried to understand 'federal reserve'.
I've tried to understand 'big bang'.
So far, no real progress.

Good on ya! I don't even bother...

 

[CountryGent]

It looks like trouble in this market: Bitcoin tumbles as cryptocurrency sell-off intensifies

 

[Camelfilter]

It looks like trouble in this market: Bitcoin tumbles as cryptocurrency sell-off intensifies

Wow! :

1 Bitcoin equals
8651.00 US Dollar

-in 2 days. Yikes!

 

[Siglvr]

Wow! :

1 Bitcoin equals
8651.00 US Dollar

-in 2 days. Yikes!

Still crashing, just crashed all the way to $27,400. ie, 1 bitcoin = $27,400 US Dollars. Been crashing all week in it's "longest streak of weekly losses ever". Yikes. https://archive.ph/WNT7F

 

[3MTA3]

Still crashing, just crashed all the way to $27,400. ie, 1 bitcoin = $27,400 US Dollars. Been crashing all week in it's "longest streak of weekly losses ever". Yikes. https://archive.ph/WNT7F

Bitcoin (and all crypto) is a managed bubble designed to extract money from investors instead of solving equations per it's model. You can still make money if you are wise and careful, just be aware that you are shooting the curl and the wave can collapse at any time.

 

[Ducati_Meister]

I remember some time last year when I was reprogramming radios for one of the county facilities, one of guys there said that all the Bitcoin and cryptocurrency stuff came about as a result of a bunch of nerds who got bored and wrote some code of sorts. Interesting perspective lol. The taxes on the gains from cryptocurrency is quite high if you managed to make out well from cryptocurrency investments etc.

 

[Jay Walk]

I remember people saying it was going to crash when it hit 30. Then it hit 60. Then it hit 130. Then it hit 240. Now its 1240. Is the bubble going to burst this time?

Money isn't real.
It's kind of like BitCoin.

 

[coltemp]

Money isn't real.
It's kind of like BitCoin.

Well not quite though I get what you meant. It's really more:
Money, like bitcoin, is only worth as much as most people think the value of it is. Money (and bitcoin) has value if most people agree it has value and is worth something.

 

[Cavedweller]

The government seems bound and determined to increase demand for electricity (forced conversion to electric transportation and battery powered everything, open borders and unrestricted population increase, etc.) while at the same time reducing generating capacity (shutting down coal and gas fired power plants, reliance on intermittent, undependable, inefficient and expensive power sources) necessitating rolling brownouts and blackouts. So, by all means, invest in a nonexistent commodity totally dependent on the availability of electricity. Good idea.

 

[arakboss]

There may be some truth to that EZLivin, however if you really think about it, people are already completely conditioned to a cashless society. How much of the general populace really deals with cash any more? Direct Deposit of wages is the norm, Visa Debit cards are ubiquitous, hell even welfare is all electronically disbursed these days. All of it is tied to your SS# and the banking system. At least with Bitcoin, that central tie back to the banking system is removed.

99% of my firearm deals are in cash. I have paypal acct but rarely use it.

 

[Xmark1]

An important difference is that much like cash and unlike plastic cards, you can still pay anonymously with Bitcoins.

Blockchain is not that difficult to reverse engineer, to find you.

 

[arakboss]

Let's see, should I invest in crypto or gold?

Crypto lender Celsius pauses withdrawals due to 'extreme market conditions'

The firm had more than $8 billion lent out to clients and almost $12 billion in assets under management as of May.

www.cnbc.com