Remember 10 years ago when you would post that Bitcoin was going to be the future of international finance and soon everybody would want some back when it was a dollar and people would say it was going to crash and go to zero any minute. Well today it's 68,000 and rising 33% in 7 days - Upgoat

Remember 10 years ago when you would post that Bitcoin was going to be the future of international finance and soon everybody would want some back when it was a dollar and people would say it was going to crash and go to zero any minute. Well today it's 68,000 and rising 33% in 7 days
submitted by Crackinjokes to Finance 1 monthMar 4, 2024 18:18:34 ago (+7/-1) (Finance)

[ - ] inaminit 2 points 1 monthMar 4, 2024 18:43:54 ago (+3/-1)

Only until some entitled kike decides to fuck the blockchain... It's happened before and it'll happen again, so go ahead and jump on that bandwagon.

[ + ] squidicuz

[ - ] squidicuz 0 points 1 monthMar 5, 2024 13:53:53 ago (+0/-0)

It did??? What happened?

[ - ] SteppingRazor 0 points 1 monthMar 4, 2024 21:01:57 ago (+0/-0)

Let’s say you want to withdraw $50k to spend for something. Where would you get the money from if you have it?

[ + ] Crackinjokes

[ - ] Crackinjokes [op] 1 point 1 monthMar 4, 2024 23:09:11 ago (+1/-0)

You transfer your Bitcoin to a Bitcoin exchange like gemini or binance or coin desk. You sell your Bitcoin just like you would have stock and they give you us dollars. You then transfer those US dollars from their account to your bank account. It's just like if you sell a stock with schwab or anybody else.

[ + ] Kozel

[ - ] Kozel -1 points 1 monthMar 5, 2024 03:43:58 ago (+0/-1)

And then you pay crypto income tax of 50%.

[ - ] Sleazy 0 points 1 monthMar 4, 2024 20:30:46 ago (+0/-0)

wasnt it at that price a couple years ago?

[ + ] Crackinjokes

[ - ] Crackinjokes [op] 1 point 1 monthMar 4, 2024 23:12:27 ago (+1/-0)

It's all time high 4 years ago at the peak 6 months to a year after the last happening was $60,000. The difference now is we're going into the next happening at the base price of over $60,000. Typically if you look at the growth of Bitcoin you'll find that Bitcoin goes up 10 to 100 to 1,000 times at a havening event. Then it gets a lot of oppress then everybody jumps in and the price continues to go up and then it temporarily crashes for a year or two down to 25% of its all-time high. But even after the crash it's new resting place is 10 to 100 times what the previous all-time high was. For example bitcoins last all time how I was around $60,000 and then after the hype was all over it went all the way down to 15,000 up until 2 years ago. But that $15,000 was still well above the previous all-time high which was only about $1,000.

So it's anybody's guess what the new all-time high will be after the happening but we do have the additional massive pressure of huge millions of dollars coming in through these ETFs and we have the happening coming up at the end of april. So with a normal happening event we might see 10 to 100 to a thousand times the previous all-time high which was $60,000. But with all this additional ETF pressure it may go way higher no one really knows. We are in uncharted territory. Keep in mind that Bitcoin hasn't even equaled the total market cap of gold yet and gold is a relatively small investment as investment pools go. If Bitcoin was going to equal the market cap of gold which I think is very logical for it to eventually do at a minimum then Bitcoin would be between $350 and $500,000 per bitcoin. It currently sits at 68,000 per Bitcoin as of March 4th 2024

[ + ] Sleazy

[ - ] Sleazy 0 points 1 monthMar 5, 2024 01:52:04 ago (+0/-0)

so the halvening is scheduled?

[ - ] NegaroNegaroNeeegaro 0 points 1 monthMar 4, 2024 20:08:04 ago (+0/-0)

Human stupidity futures. Fiat without the country.

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