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Bitcoin keeps going up and up and up....

by discrat
15 replies
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Back in September I was on the verge of buying one BTC when it was like $6k.
Now one BTC is almost $50K. ( $48,391and change as I speak now)

Don't know the real world wide use of it and how it will play out, but Elon Musk believed in it enough to buy $1.5 Billion of it
#bitcoin
  • Profile picture of the author lanfear63
    Originally Posted by discrat View Post

    Back in September I was on the verge of buying one BTC when it was like $6k.
    Now one BTC is almost $50K. ( $48,391and change as I speak now)

    Don't know the real world wide use of it and how it will play out, but Elon Musk believed in it enough to buy $1.5 Billion of it
    Stuff like this that is not backed up by anything physical is still ultimately doomed to collapse sooner or later. Personally I stay away.
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    • Profile picture of the author discrat
      Originally Posted by lanfear63 View Post

      Stuff like this that is not backed up by anything physical is still ultimately doomed to collapse sooner or later. Personally I stay away.
      Seems to be based on Speculators and Hedgers. I will have to agree just hard to imagine it replacing cold hard cash.
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    • Profile picture of the author socialentry
      Originally Posted by lanfear63 View Post

      Stuff like this that is not backed up by anything physical is still ultimately doomed to collapse sooner or later. Personally I stay away.

      You mean like the USD in your bank account?
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  • Profile picture of the author DWolfe
    Had a little tiny fractions when it was originally around $700.00. Back about the time Yukon had his thread here. Purchased a few different alt coins with it. When it jumped to 20 grand my Coinbase account looked great.

    Do not have any bitcoin currently but I have some steem , Monero, and a little XRP in various wallets. No longer trading or interested in it.
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    • Profile picture of the author discrat
      Originally Posted by DWolfe View Post

      Had a little tiny fractions when it was originally around $700.00. Back about the time Yukon had his thread here. Purchased a few different alt coins with it. When it jumped to 20 grand my Coinbase account looked great.

      Do not have any bitcoin currently but I have some steem , Monero, and a little XRP in various wallets. No longer trading or interested in it.
      Geesh, could you imagine buying $10k of BTC at $700? Wow !!
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  • Profile picture of the author synd66
    Think crypto is the future
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  • Profile picture of the author DURABLEOILCOM
    I keep hearing about all these Bitcoin Gurus My only question is what happens when big banks shut them down will they still be worth anything?
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  • Profile picture of the author DURABLEOILCOM
    How does bit Coin even work how do I get my hand on a bitcoin and change it for cash value? How do you invest in a bitcoin? How do you bank a bitcoin?
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    • Profile picture of the author DWolfe
      Originally Posted by DURABLEOILCOM View Post

      How does bit Coin even work how do I get my hand on a bitcoin and change it for cash value? How do you invest in a bitcoin? How do you bank a bitcoin?
      I have used Coinbase in the past to purchase bitcoin. They are like any other on line trading platform. You sign up for an account. Once it is approved you transfer Money from your bank account to Coinbase. Then just place a Bitcoin order. When you want to sell it is just as easy. Place a sell order and they take care of it. When you want to withdraw they transfer the cash right back. They also have some other alt coins on the platform but not a lot.

      Don't forget to report your sales to the IRS. Coinbase is based in the US and shares that information. Their are a few other reputable company's out there. If you have bitcoin you can also use a wallet but that gets a little complicated to explain.

      I still have some steem and belong to the steemit community. I use their Actifit tracker that has some rewards. A few members of this forum or also members there.
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      • Profile picture of the author discrat
        Originally Posted by DWolfe View Post

        .

        I still have some steem and belong to the steemit community. I use their Actifit tracker that has some rewards. A few members of this forum or also members there.
        Hey Dwolfe , as of about a year now it is no longer Steem. It's Hive and you should have had an airdrop of new hive back a year ago. That's good
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        • Profile picture of the author DWolfe
          Originally Posted by discrat View Post

          Hey Dwolfe , as of about a year now it is no longer Steem. It's Hive and you should have had an airdrop of new hive back a year ago. That's good
          Have not done a lot on the platforms in very long time.. Remembered the split after the power grab. Mostly have Actifit tokens, it encouraged me to keep walking. I guess this message now when I sign into my profile

          "Steemit will distribute extra TRX to you as rewards. This account is for receiving such rewards.
          The system will automatically create a TRON account for you for free.
          Do you agree to create a TRON account and download the PDF with your TRON public and private keys? "

          Are you Active on Hive right now ?
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          • Profile picture of the author discrat
            Originally Posted by DWolfe View Post


            Are you Active on Hive right now ?
            I was up until this Fall. I was really into it. I've pretty much Retired now and received a lump sum so I just decided to cash out over there as I got tired of posting there and the price was not appreciating.
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  • Profile picture of the author Kay King
    This is not a crypto forum though we permit some threads about e-currency in OT.


    Google those questions and you will find sites devoted to answering them.
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  • Profile picture of the author spartan14
    Well the disavantage of investing in bitcoin its that you depend on yourelf ,its about luck ,how economy its going etc ,but i think its good to five it a try
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  • Profile picture of the author DURABLEOILCOM
    Sorry I dont know anything at all about Bitcoin.
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