Bitcoin Just Hit 40k! - Upgoat

Bitcoin Just Hit 40k!
submitted by Scyber to Crypto 5 monthsDec 3, 2023 18:50:56 ago (+25/-0) (coinmarketcap.com)
https://coinmarketcap.com/

I just watched the ticker hit $40,000.37 on CMC so it may not reflect the exact price when you check it.

I think this is the highest BTC has been in about 2 years.

37 comments block

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[ - ] HeyJames 4 points 5 monthsDec 3, 2023 22:46:15 ago (+4/-0)

I bought a bunch when bitcoin was in the hundreds. Was a fun hobby back then. Sold when it hit a few thousand. To be honest the only crypto that is interesting to me anymore is monero. It is the only form that facilitates it's originally adopted purpose.

[ + ] FuckShitJesus

[ - ] FuckShitJesus 1 point 5 monthsDec 4, 2023 10:56:04 ago (+1/-0)

Crypto isn't meant to be bought and sold like a stock.

It's meant for you to produce it like a raw resource.

It's extremely lucrative when you produce it.

[ + ] HeyJames

[ - ] HeyJames 1 point 5 monthsDec 4, 2023 13:17:26 ago (+1/-0)

If you can get cheap equipment and power sure.

[ + ] FuckShitJesus

[ - ] FuckShitJesus 0 points 5 monthsDec 4, 2023 17:52:27 ago (+0/-0)

If it was easy, everyone would do it.

[ + ] HeyJames

[ - ] HeyJames 0 points 5 monthsDec 4, 2023 17:53:47 ago (+0/-0)

Crypto mining is very competitive with a lot of interest in southeast Asia due to the cheaper operating costs

[ + ] FuckShitJesus

[ - ] FuckShitJesus 0 points 5 monthsDec 4, 2023 18:00:09 ago (+0/-0)

Cheaper operating costs aren't everything.

[ - ] Version6 3 points 5 monthsDec 3, 2023 20:16:17 ago (+3/-0)

Isn't a new half coming soon? Gold up also

[ + ] Belfuro

[ - ] Belfuro 3 points 5 monthsDec 4, 2023 01:55:49 ago (+3/-0)

My $1.00 from 2022 just hit. 50c

[ - ] Sal_180 2 points 5 monthsDec 4, 2023 05:49:53 ago (+2/-0)

Dump is coming soon

[ + ] TheGreatWar

[ - ] TheGreatWar 2 points 5 monthsDec 4, 2023 09:39:12 ago (+2/-0)

This has been a slow rise. The dump will come after a rapid rise past $200k.

[ + ] x0x7

[ - ] x0x7 1 point 5 monthsDec 4, 2023 10:20:00 ago (+1/-0)

Because I'm holding and have been for a long time this is a good reason to not encourage everyone to mass buy. Buy slowly and consistently. I'm more invested in its long term growth and mass hype buys is what prevents mass adoption, and eventual mass adoption is what would get it to its highest potential value.

Even when it is going up slowly (for bitcoin) its returning 10x any other investment. I just wish the investment community around it could mature a little and be happy with that instead of trying to hype up 100x performance in short periods.

Also mass adoption of bitcoin is impossible because it sucks. But maybe mass adoption of litecoin and or many others is practical. But it's more important to get everyone buying a little so it can have real world transaction liquidity than it is to get everyone to dump their entire savings in it.

If everyone just bought $50 of litecoin we could have practical crypto today and dump jewish printed USD.

[ - ] Version6 2 points 5 monthsDec 3, 2023 20:15:59 ago (+2/-0)

Isn't a new half coming soon?

[ + ] Scyber

[ - ] Scyber [op] 2 points 5 monthsDec 3, 2023 20:33:34 ago (+2/-0)

April, 2024.

[ + ] Nosferatjew

[ - ] Nosferatjew 1 point 5 monthsDec 3, 2023 22:15:13 ago (+1/-0)

Half? Explain please.

[ + ] Scyber

[ - ] Scyber [op] 2 points 5 monthsDec 3, 2023 22:54:13 ago (+2/-0)

Google it.
https://www.coindesk.com/learn/bitcoin-halving-explained/

[ + ] RobertJHarsh

[ - ] RobertJHarsh 1 point 5 monthsDec 3, 2023 22:46:43 ago (+1/-0)

We are at "half scam"?

[ - ] MasterSuppressionTechnique 2 points 5 monthsDec 3, 2023 19:13:35 ago (+2/-0)

Same as last election cycle, I'm guessing.

Lots of money laundering about to happen.

[ + ] Clubberlang

[ - ] Clubberlang 1 point 5 monthsDec 3, 2023 20:23:45 ago (+1/-0)

Lots of people dead for over 100 years funding campaigns?

[ - ] clymer 1 point 5 monthsDec 4, 2023 07:32:06 ago (+1/-0)

I used to think "nerd money" when people talked about BTC. Always thought that precious monetary metals would be the best place to store wealth during a currency hyper-inflation. (gold historically served as money due to some intrinsic properties, durable, divisible, homogenous, portable and fungible, whereas fiat currencies last roughly a 50 year span).

Now I realize that I was not seeing the complete picture. Keep in mind that BTC has a vast ecosystem much more than developers, miners, exchanges, verification nodes, etc. The marketcap already topped 1 trillion, making it the 3rd largest currency valuation behind only the USD and EUR.

It is an Immutable, uncensorable, permissionless, fungible, open-source and decentralized peer-to-peer distributed ledger that has proven to be secure. It is unforgiving; you send BTC to the wrong public address and it is gone forever. But what money does not require responsibility?

It appears to have reached escape velocity as now even nation-state level hacks have not been able to produce a 51% attack, and the protocol grows stronger with each passing day. I have spent the past 30 years in network security and from where I am looking at this, it's not going anywhere.

[ + ] TheGreatWar

[ - ] TheGreatWar 1 point 5 monthsDec 4, 2023 10:00:23 ago (+1/-0)

I used to think "nerd money"

I have spent the past 30 years in network security

Hmmm...

[ + ] clymer

[ - ] clymer 0 points 5 monthsDec 4, 2023 12:06:41 ago (+0/-0)

Buddy, before that (and for a few years in between) I ran a framing / roofing crew.

[ + ] FuckShitJesus

[ - ] FuckShitJesus 0 points 5 monthsDec 4, 2023 10:57:33 ago (+0/-0)

Yes. The luddite boomers don't understand that Bitcoin represents financial freedom.

There is no dude behind a keyboard, governance board with corporate interests, or way that Governments can force Bitcoin to change. The rules are immutable and it's an entirely quorum driven opt-in system.

[ + ] clymer

[ - ] clymer 0 points 5 monthsDec 4, 2023 12:11:13 ago (+0/-0)

What many assume is that BTC is some closed-source code that some nefarious government group must have cobbled together to dupe the masses. It's actually an open-source protocol. The idea basically took existing cryptographic tools (elliptical curve PKI, sha-256 hashing algorithm, merkle-tree distributed ledger, etc) and used them to model the first digital payment transfer method that effectively solved the double-spend problem (If I am not mistaken, this I believe is sometimes referred to as the "byzantine generals problem")

[ - ] GrayDragon 1 point 5 monthsDec 4, 2023 03:00:31 ago (+1/-0)

What did you make, homo?

[ - ] GrayDragon 1 point 5 monthsDec 4, 2023 02:59:14 ago (+1/-0)

How much did you make? I made 3% in the kike market.

[ - ] GrayDragon 1 point 5 monthsDec 4, 2023 02:57:19 ago (+1/-0)

I made 2300 last Friday on the jew system.

Good luck with your bitcoin faggotry.

[ - ] Master_Foo 1 point 5 monthsDec 4, 2023 02:33:52 ago (+1/-0)

the MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON!

[ - ] NukeAmerica 1 point 5 monthsDec 4, 2023 00:42:24 ago (+1/-0)

SELL NOW! SELL NOW!!!!

[ - ] RobertJHarsh 1 point 5 monthsDec 3, 2023 22:46:07 ago (+1/-0)

Scamcoin is backed by nothing!