Bitcoin price suddenly surges to 3-year high

[dhklopp]

not really. it was 29 cents a couple days ago... it sonly 30 cents now after dipping down to 23 cents for a few days.



have fun losing your money. dumbest coin I have heard of.

Only profit from his previous MOONCU*T tip so easy come easy go .

 

[Outback Bronze]

last few weeks

Even the last few weeks have been crazy for Dogecoin. On the 12th April it was $0.07

Does this class as the last few weeks?

 

[Space Lynx]

Even the last few weeks have been crazy for Dogecoin. On the 12th April it was $0.07

Does this class as the last few weeks?

hmm I didn't realize that. still, it is a coin that has infinite supply. I'm not sure why its taking off, doesn't make sense to me. personally I still hope Congress passes laws against crypto mining - that being said I also hope Congress passes law that invests in RnD to find a new cement/infrastructure substitute. Cement is probably the number 1 offender of climate change, but it looks like none of it will happen as the system is sadly broken.

 

[dhklopp]

Happy days, made some good profit. Gonna let my initial investment run.

 

[Space Lynx]

Happy days, made some good profit. Gonna let my initial investment run.

you haven't made any profit until its in fiat. could crash tomorrow.

fiat won't crash tomorrow. it will have tiny inflation sure, but it won't crash.

 

[dhklopp]

you haven't made any profit until its in fiat. could crash tomorrow.

fiat won't crash tomorrow. it will have tiny inflation sure, but it won't crash.

Well my profit is already in BNB now which is easy enough to cash out but whatever,

 

[trog100]

you haven't made any profit until its in fiat. could crash tomorrow.

fiat won't crash tomorrow. it will have tiny inflation sure, but it won't crash.

some clever people think it will crash or at least lose most of its purchasing power which is the same thing..

trog

 

[xkm1948]

some clever people think it will crash or at least lose most of its purchasing power which is the same thing..

trog

Yup, exactly this.

lynx probably means Venezuela level paper note "crashing"

 

[Space Lynx]

Well my profit is already in BNB now which is easy enough to cash out but whatever,

most important thing is to look at what rich people do. what do rich people do? they diversify between where they place their wealth - art, real estate, crypto, stocks, multiple passports and multiple fiat's...

we can't do that of course... lol but yeah it's very telling how much rich people trust any one form of wealth... if they did 100% they wouldn't diversify.

 

[lexluthermiester]

Posted this in another thread, but it applies here as well and it's worth a look.

Brian makes some good points... I agree with him, GPU prices might be about to take a down-turn, which can only be good for gamers and the PC market in general!

 

[Space Lynx]

Posted this in another thread, but it applies here as well and it's worth a look.

Brian makes some good points... I agree with him, GPU prices might be about to take a down-turn, which can only be good for gamers and the PC market in general!

ASICS saved the day again.

some clever people think it will crash or at least lose most of its purchasing power which is the same thing..

trog

you may want to sell your cards while the prices are still good.

 

[lexluthermiester]

ASICS saved the day again.

Maybe, time will tell. The part about yield returns is guaranteed to happen, there is only so much return that can happen. Etherium is not an infinite well, only so much of it can be mined..

 

[Space Lynx]

23 grand but it earns 230 a day, and if price increases, that like roughly 90 days and you get your money back... and another 90 days you make like another 23k profit minus electricity. pretty nuts. i expect they will stay sold out as they are now lol

 

[lexluthermiester]

23 grand but it earns 230 a day, and if price increases, that like roughly 90 days and you get your money back... and another 90 days you make like another 23k profit minus electricity. pretty nuts. i expect they will stay sold out as they are now lol

Like I was saying elsewhere, GPU's will get the job done(only ATM), but dedicated ASIC's are king.

 

[Space Lynx]

I think the greatest sadness with Bitcoin and other cryptocurrencies, was that they didn't utilize Folding At Home or other beneficial programs in their blockchain, so instead of useless math problems, each block would have to be submitted or fused with a problem from Folding At Home, hell we might have cured cancer by now with that kind of horsepower.

 

[R-T-B]

I think the greatest sadness with Bitcoin and other cryptocurrencies, was that they didn't utilize Folding At Home or other beneficial programs in their blockchain, so instead of useless math problems, each block would have to be submitted or fused with a problem from Folding At Home, hell we might have cured cancer by now with that kind of horsepower.

There are coins that attempt this but sadly they are not very profitable and thus pretty much flops.

Like I was saying elsewhere, GPU's will get the job done(only ATM), but dedicated ASIC's are king.

And another coin will be made for gpus.

We've been down that road before...

 

[trog100]

it seems to me that money that would be going into bitcoin is now going into etherium.. bitcoin is down a little etherium is nicely up..

trog

 

[Space Lynx]

it seems to me that money that would be going into bitcoin is now going into etherium.. bitcoin is down a little etherium is nicely up..

trog

so if you hoddled eth and not converted it you would up even more right now. lol

in other news:

Warren Buffett: We are seeing substantial inflation and are raising prices

Warren Buffett sounds the alarm bell on inflation.

finance.yahoo.com

its the new normal across the board. even your shampoo is also going to cost 5-9% more in costs this year than in previous years.

government be doing endless printing of fiat. so yeah...

 

[ZenZimZaliben]

And this is why cash sitting in your bank account is losing buying power. You have to be adding to your savings at the same rate of inlfation to maintain...Or start investing because traditionally stock and especially now crypto are going to out pace inflation while also providing a return.

ETH at 3k! For Eth to overtake BTC in market share means that 1 eth will be $9k.

 

[Space Lynx]

And this is why cash sitting in your bank account is losing buying power. You have to be adding to your savings at the same rate of inlfation to maintain...Or start investing because traditionally stock and especially now crypto are going to out pace inflation while also providing a return.

ETH at 3k! For Eth to overtake BTC in market share means that 1 eth will be $9k.

Depends. A new stronger variant of the virus could arrive tomorrow, and close everything again all year, crashing the artificially held up stock markets. I don't think that will happen, but at end of day nothing is safe. As far as that goes, I have so many medical issues, I honestly don't even care anymore what happens to any of it. (Typing this during a spinal flare up... so don't mind my negativity...) haha

 

[ZenZimZaliben]

Or a giant meteor could crush North America...life's a gamble.

 

[Space Lynx]

Or a giant meteor could crush North America...life's a gamble.

The thing is, all your extra money is useless to me. I don't care about nice cars homie. Enjoy your nice cars/nice house, etc. /shrug

 

[ZenZimZaliben]

I don't have extra money...all tied up in markets. That's my point.

 

[Space Lynx]

I don't have extra money...all tied up in markets. That's my point.

ah my apologies, I remember someone here bragging about buying nice cars with their crypto. my bad mate.

 

[Zach_01]

The thing is, all your extra money is useless to me. I don't care about nice cars homie. Enjoy your nice cars/nice house, etc. /shrug

You need to stop saying this all the time, and assume or act like you know what people are seek or trying to goal.
My job provides me more than I need (X2) for my (personal) life style. Yet I've invested in a few things. Can you assume or act like you know why I did this?

Take a step back and think first before you talk again about greed, fancy cars and houses. People are not alone in this world. They have families, kids, relatives, friends and all kinds of others around them.

This is a cryptocurrency thread on cryptocurrency section of the forum, and not a philosophical inquiry about human behavior.
It bothers me that you keep wondering in here and trying to sense others to your ideas and senses when clearly this is not the thread to do so.