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Bitcoin Reaches New All-Time High Of $69,420
X (formerly Twitter) ^

Posted on 03/08/2024 7:37:13 AM PST by Enlightened1

BREAKING: #Bitcoin reaches new all-time high of $69,420

 

https://twitter.com/WatcherGuru/status/1766123788553404744

 

 

Crypto Prices

https://www.coingecko.com/


TOPICS: Business/Economy; Chit/Chat; Miscellaneous; Society
KEYWORDS: alltime; bitcoin; btc; gold; high
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To: cuban leaf

I like your tag line, spot on.


41 posted on 03/08/2024 8:41:51 AM PST by Jumper
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To: Enlightened1

Coinbase is down today.

FlippingTables21:12
@FlippingTables8
Coinbase has/had a Filing they can keep your Crypto in Bankruptcy.

@FEhrsam
Co-Founder of Coinbase & Paradigm just Unloaded Shares of $COIN.
https://twitter.com/FlippingTables8/status/1765128450279395589


42 posted on 03/08/2024 8:45:06 AM PST by jimwatx
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To: cuban leaf
At least it is backed by the power of a country and its military.

You mean the country that is piling up another trillion dollars of debt every 100 days?

The military that hasn't won a war in 75 years?

That country/military?

43 posted on 03/08/2024 8:47:28 AM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████████ █ ███████ ████. FJB.)
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To: E. Pluribus Unum

US dollar has gubbermint behind it with power to tax biggest economy in the world. Whats backing Bitcoin?


44 posted on 03/08/2024 8:52:20 AM PST by Bobbyvotes (I will be voting for Trump/whoever in November. If he loses in 2024, country is finished.)
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To: rdcbn1

Not true of SPX 500. It has gone up 7.5% per year on average for last 100 years.


45 posted on 03/08/2024 8:55:10 AM PST by Bobbyvotes (I will be voting for Trump/whoever in November. If he loses in 2024, country is finished.)
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To: Enlightened1

Just because something is new and different doesn’t mean it’s a con or bad. With the worldwide debasement of sovereign currencies, many people and some institutions have been looking for a way to hedge their bets. One doesn’t have to deal in whole Bitcoins as each can be broken down into satochis (100 million satoshis to one bitcoin).

Bitcoin is in its infancy, but it is the hardest money the world has produced in that their is a fixed number that will be issued, and that number can never be increased. Yes, it’s very volatile, but if institutions and other large entities decide it’s a viable alternative to sovereign currency for certain transactions its value should be substantial and more stable. A plus is the privacy of using it, and the ever increasing places it can be used. Can it disappear? Sure, but what if it doesn’t.


46 posted on 03/08/2024 8:59:15 AM PST by Rlsau1
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To: Bobbyvotes
Whats backing Bitcoin?

The fact that it can't be inflated to oblivion by a criminal government.

There can only ever be 21,000,000 bitcoins, and 19,000,000 have already been mined.

Big Financial Institutions Are Adopting Crypto And Blockchain

As Wall Street banks embrace crypto, high-flying start-ups look to lure top finance talent

What is The Future of Crypto in the Banking Sector?

47 posted on 03/08/2024 8:59:19 AM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████████ █ ███████ ████. FJB.)
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To: Enlightened1
Tulips
48 posted on 03/08/2024 9:10:15 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: fwdude
I own a few cryptos through Coinbase and I’m about to get out.

What do you recommend as a replacement? My main beef w them is that when I am ready to pounce on a panic drop (and they happen all the time), Coinbase suddenly stops working, like they have a Commodore 64 backend. Convinced its a scam on behalf of their Blackrock masters.

49 posted on 03/08/2024 10:22:31 AM PST by montag813
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To: E. Pluribus Unum

Yep. Like I said, it’s not foolproof, and probably won’t be very effective protecting its currency, but it’s way ahead of crypto.

All it takes is for someone like the US to declare crypto illegal and, poof, it’s only defense, faith, crumbles. People will be falling all over each other to be the first to get out

Or am I missing something?


50 posted on 03/08/2024 10:26:42 AM PST by cuban leaf (2024 is going to be one for the history books, like 1939. And 2025 will be more so, like 1940-1945.)
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To: cuban leaf
Or am I missing something?

Your religious faith in government is going to bite you in the Obama some day soon.

51 posted on 03/08/2024 10:40:56 AM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████████ █ ███████ ████. FJB.)
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To: montag813

I wouldn’t be surprised.


52 posted on 03/08/2024 11:04:07 AM PST by fwdude (.When unarmed Americans are locked up for protesting a stolen election, you know it was stolen.)
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To: E. Pluribus Unum

There is only so much gold or diamonds which can be mined as well. Besides gold makes beautiful jewelry and diamonds look beautiful on people. What is usefulness of Bitcoins?


53 posted on 03/08/2024 11:31:59 AM PST by Bobbyvotes (I will be voting for Trump/whoever in November. If he loses in 2024, country is finished.)
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To: E. Pluribus Unum

If from my words you believe I have religious faith in government, you are completely missing my point. I don’t think you’re really listening to me.

Let me be crystal clear here: fiat currency supported by a government and its military is not a stable and sound form of money. However. It’s way ahead of a currency like crypto that is founded on and supported by nothing but faith. That is, faith and the concept of the greater full theory. On a scale of 1 to 10 in security of the money type, I put fiat currency at a 2 and cryptocurrency to 0 or 1. Faith can disappear overnight. And the only power faith has in the real world is the ability of those with faith to become violent when their currency is threatened. I consider that to be a paper tiger. Or, another way to look at it, is that if that ever does happen that will be the least of our problems.


54 posted on 03/08/2024 11:32:06 AM PST by cuban leaf (2024 is going to be one for the history books, like 1939. And 2025 will be more so, like 1940-1945.)
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To: cuban leaf

You are gambling by holding dollars that will be worthless someday (and that day grows ever nearer). I roll my eyes every time I see someone talking about “cashing out” back to worthless fiat for a short-term profit.


55 posted on 03/08/2024 11:35:35 AM PST by EnderWiggin1970
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To: cuban leaf

If the government outlaws Bitcoin, BlackRock, Fidelity, Charles Scwab, Citadel Securities, etc. will be very upset.

https://www.forbes.com/sites/lawrencewintermeyer/2023/07/06/big-financial-institutions-are-adopting-crypto-and-blockchain-—what-does-the-technology-offer-smbs/?sh=59fd7c177e7d


56 posted on 03/08/2024 11:51:49 AM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████████ █ ███████ ████. FJB.)
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To: EnderWiggin1970

You are gambling by holding dollars that will be worthless someday...


Who’s holding dollars? I am all about holding “stuff”. i.e. real estate, a fully stocked shop with all the tools I need, Transportation (three cars and one 4x4) 250 gallons of gas, two natural water sources, etc.

Also, zero debt and real estate taxes equivalent to a medium pizza every month.

You can not eliminate risk, but there are plenty of ways to mitigate it. Oh, and having SOME cash on hand for an emergency is also not a bad idea.


57 posted on 03/08/2024 12:28:33 PM PST by cuban leaf (2024 is going to be one for the history books, like 1939. And 2025 will be more so, like 1940-1945.)
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To: E. Pluribus Unum

If the government outlaws Bitcoin, BlackRock, Fidelity, Charles Scwab, Citadel Securities, etc. will be very upset.


No doubt.


58 posted on 03/08/2024 12:29:33 PM PST by cuban leaf (2024 is going to be one for the history books, like 1939. And 2025 will be more so, like 1940-1945.)
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To: Enlightened1

I was under the impression that there was a finite number of bitcoins. Something like every prime number under 32 or was it 64 bits was a bitcoin ID. When all the bitcoins had been mined there could be no more.

So how can they double the number of them just like that? Do they add extra bits to the ID’s?


59 posted on 03/08/2024 5:12:49 PM PST by scrabblehack
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To: Enlightened1

Obviously getting the first million prime numbers is easier than getting the 2nd million.

One way around that would be to have “Series A” and “Series B” bitcoins — but then as new coins are mined, it would be easy to get the ID of the coin in the other series.


60 posted on 03/08/2024 5:19:03 PM PST by scrabblehack
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