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

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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
#off topic forum #bitcoin
  • 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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    • 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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    • You mean like the USD in your bank account?
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  • 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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    • Geesh, could you imagine buying $10k of BTC at $700? Wow !!
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  • Banned
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  • Think crypto is the future
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  • 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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  • 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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    • 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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  • 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.
  • 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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  • Sorry I dont know anything at all about Bitcoin.
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