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TurbulentWinds

BitCoin Hits $13,000

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Posted · Original PosterOP

https://www.msn.com/en-us/money/markets/bitcoin-tops-dollar13000-just-hours-after-passing-dollar12000/ar-BBGht3Y?li=AA4Zjn&ocid=spartandhp

 

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Bitcoin topped $13,000 for the first time Wednesday, pushing this week’s gains to more than 30 percent amid speculation that the use of futures will help make digital currencies a legitimate asset class for mainstream investors.

 

I just keep on missing out on the bubble. At 5K, I was sure it was gonna go down. Then, it hit 7K. I was sure that was it. Now its at 13K! Everytime, I see BitCoin hit a new high I think the market is going to crash and screw everyone over. Then, it goes even higher, leaving me with a nice feeling of total regret. Again, I am putting my money in on it crashing or stabilizing. It can't go higher than this.


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Ummm It's less then $100 away from $14,000. Which makes me believe the Nice Hash hack was an inside job 

http://bitcointicker.co

 

JK it already was over $14,000 a couple minutes ago

Edited by BuckGup

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Didn't it just crash a few days ago, and it dropped down to $9k I think? How could it recover so quickly and then still go up?


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2 minutes ago, BuckGup said:

Ummm It's less then $100 away from $14,000. Which makes me believe the Nice Hash hack was an inside job 

It would be the perfect crime, it's a legal grey area, so no investigation, no attempts to freeze the money. The only flaw compared to usual financial scams would be that governments won't protect the person who lost money by paying them back, like they did in a way in 2008 for instance. So the money stolen isn't coming by magically to any pockets.

7 minutes ago, TurbulentWinds said:

https://www.msn.com/en-us/money/markets/bitcoin-tops-dollar13000-just-hours-after-passing-dollar12000/ar-BBGht3Y?li=AA4Zjn&ocid=spartandhp

 

 

I just keep on missing out on the bubble. At 5K, I was sure it was gonna go down. Then, it hit 7K. I was sure that was it. Now its at 13K! Everytime, I see BitCoin hit a new high I think the market is going to crash and screw everyone over. Then, it goes even higher, leaving me with a nice feeling of total regret. Again, I am putting my money in on it crashing or stabilizing. It can't go higher than this.

As you said, speculation is off the roof on that one, and it's not a good sign. If it wasn't going to fail, it surely will once the greediest people will want their share of that pie as well

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5 minutes ago, theninja35 said:

Didn't it just crash a few days ago, and it dropped down to $9k I think? How could it recover so quickly and then still go up?

CUZ IT'S NOT A FREEEKIN BUBBLE YO


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2 minutes ago, Name Taken said:

Probably going to have a little trouble exchanging it without reveling their identity.

Converting it to XMR would solve that problem.


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27 minutes ago, BuckGup said:

CUZ IT'S NOT A FREEEKIN BUBBLE YO

AHAHAAHAHAHAHAHAHAHAHAHHAHAHAHA

 

good one.

 

unless you forgot your '/s'

 

But no, this is the very definition of a bubble, it is basically a bunch of people speculating on the price of 'imaginary' internet points. It does have some value but not more then an ounce of gold value. 

 

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3 minutes ago, Blake said:

AHAHAAHAHAHAHAHAHAHAHAHHAHAHAHA

 

good one.

 

unless you forgot your '/s'

 

But no, this is the very definition of a bubble, it is basically a bunch of people speculating on the price of 'imaginary' internet points. It does have some value but not more then an ounce of gold value. 

 

Internet points lol. Bitcoin is here to stay. Has been around for more than 8 years now


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4 minutes ago, BuckGup said:

Internet points lol. Bitcoin is here to stay. Has been around for more than 8 years now

It's been around for a while and likely isn't going anywhere, but that doesn't mean $14k is sustainable (at least right now).


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47 minutes ago, theninja35 said:

Didn't it just crash a few days ago, and it dropped down to $9k I think? How could it recover so quickly and then still go up?

Just like with any goods, supply and demand.
It dropped so lots of people bought them, resulting in the price going back up to due a lack of supply.

It will drop once more when someone cash out a large quantity of them.


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Bitcoin is now a household name. My 84 year old grandfather knows what bitcoin is. People who have no business investing in bitcoin are investing in bitcoin.

 

People saying it's a bubble are ignorant. I wouldn't call bitcoin mainstream, but it's extremely popular amongst non tech enthusiasts

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3 hours ago, TurbulentWinds said:

https://www.msn.com/en-us/money/markets/bitcoin-tops-dollar13000-just-hours-after-passing-dollar12000/ar-BBGht3Y?li=AA4Zjn&ocid=spartandhp

 

 

I just keep on missing out on the bubble. At 5K, I was sure it was gonna go down. Then, it hit 7K. I was sure that was it. Now its at 13K! Everytime, I see BitCoin hit a new high I think the market is going to crash and screw everyone over. Then, it goes even higher, leaving me with a nice feeling of total regret. Again, I am putting my money in on it crashing or stabilizing. It can't go higher than this.

I think that you're going to be saying that as Bitcoin surpasses $100k.

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2 hours ago, djdwosk97 said:

It's been around for a while and likely isn't going anywhere, but that doesn't mean $14k is sustainable (at least right now).

In all fairness, it could keep increasing endlessly as long as someone is still willing to pay a slightly higher buying price.


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12 minutes ago, DeadEyePsycho said:

In all fairness, it could keep increasing endlessly as long as someone is still willing to pay a slightly higher buying price.

It could, but even speculation does have its limits. 


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the definition of a bubble in the investment world is just an opportunity to make money. its happened in the non crypto market, and it will more than likely happen in the crypto market.

 

Those that have invested, and can afford to hold through a 'bubble' burst will come out very much ahead down the road, those that invest in the bubble again will be rewarded. look at the stock markets back in 2008 vs now. those that stuck it out made a ton of money. There is a risk in every investment, be it cryptocurrency, or stock market investments for 'real life' type trading. 

 

Cryptocurrency has proven to be around to stay. If you do not believe it, then i guess thats your own issue, but block chain technology has been around for a long time. 

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I'm so fucking mad rn. 

 

At 2k I was literally THIS FUCKING CLOSE to read in and invest in this shit but I kinda didn't. 

Easiest way to make money this year. 


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