MarathonMike
Diamond Member
I have never understood who and what is driving bitcoin to these incredible levels. Anyone have any insights or theories? It's not the kind of thing I invest in but I hope somebody out there is making money on it.
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There has to be BIG money behind BC not just Gen Z ers driving it. I'm aware of the other cryptos I actually made a few bucks in Etherium just playing around awhile back. But I would never put a significant amount of money in.Seems to be more of a millenial and Gen. Z thing, I know very little about Bitcoin and I simply don't trust that any money made having it has any actual value.
Bitcoin is only one currency, there a bunch of other digital currencies one can invest in too. I don't trust any of them.
yes profit is being made.I have never understood who and what is driving bitcoin to these incredible levels. Anyone have any insights or theories? It's not the kind of thing I invest in but I hope somebody out there is making money on it.
Obviously.yes profit is being made.
Touched 64k before it hit a technical hitch .I have never understood who and what is driving bitcoin to these incredible levels. Anyone have any insights or theories? It's not the kind of thing I invest in but I hope somebody out there is making money on it.
I wish I would’ve invested when it was down to 20,000 about a year and a half ago. But then again the Dwac Trump stock has made something like four or five times what it was worth about two months ago. So there’s other stocks out there they have made even more of a gain.I have never understood who and what is driving bitcoin to these incredible levels. Anyone have any insights or theories? It's not the kind of thing I invest in but I hope somebody out there is making money on it.
Which is exactly why you should stay the hell away from it.I have never understood who and what is driving bitcoin to these incredible levels. Anyone have any insights or theories? It's not the kind of thing I invest in but I hope somebody out there is making money on it.
Which is exactly why you should stay the hell away from it.
Buy stock in real companies making real products or providing real services not imaginary coins
Good for you! I just haven't dug into it enough to put serious money in. The whole concept of bitcoin, mining, a fixed total number of "bitcoins" etc. is just too bizarre for me.Touched 64k before it hit a technical hitch .
There will be hiccups along the way but with halving this year it would be most surprising if it did not hit 100 000 sometime this year .
And thank you , it ensures I have a smile most of the time as I picked up the bulk of my holding between 6 and 8 000
I have never understood who and what is driving bitcoin to these incredible levels. Anyone have any insights or theories? It's not the kind of thing I invest in but I hope somebody out there is making money on it.
Unless one bought it at about 15 to 20,000 per coin about a year and a half ago. Some of those folks made millions.Which is exactly why you should stay the hell away from it.
Buy stock in real companies making real products or providing real services not imaginary coins
The bottom line is what money people can make. Folks who bought an Ethereum coin for $100 and sold it at 1500 or 3500 made millions. They already have the money so it means little or nothing what happens in the future to the coin for their sake.Seems to be more of a millenial and Gen. Z thing, I know very little about Bitcoin and I simply don't trust that any money made having it has any actual value.
Bitcoin is only one currency, there a bunch of other digital currencies one can invest in too. I don't trust any of them.
There has to be BIG money behind BC not just Gen Z ers driving it. I'm aware of the other cryptos I actually made a few bucks in Etherium just playing around awhile back. But I would never put a significant amount of money in.
I have some I don't look at itI have never understood who and what is driving bitcoin to these incredible levels. Anyone have any insights or theories? It's not the kind of thing I invest in but I hope somebody out there is making money on it.
Yes.About as wrong about something as it it is possible to be .
Remind me when the markets have imploded and the dollar has been massacred later this year and banks have gone under .
BTC , Etherium etc are owned by the successful and also intelligent people .
Do you really imagine they have all gone mad over the same thing and at the same time ?
And that for the first time the weak and poor have got something right ?
If you do , jump back into that Univers because it is not this one
Some folks made millions on the lottery too but that only cost them a buckUnless one bought it at about 15 to 20,000 per coin about a year and a half ago. Some of those folks made millions.
It’s real money and people make it. There are of course other “legitimate” stock companies that have utterly crashed and burned in cost folks their life savings.
I’ve watched this cycle now for a few years where people who don’t have any cryptocurrency are saying “stay away from it” And then within time the coin doubles or triples. Hell people have been saying this for 10 years and back then you can get a bitcoin for something like $5000. Now that is worth over 60,000.
Yes, the coin can crash but that can happen to “regular companies” overnight.
There’s a big difference. The lottery has one in the millions of chance of winning.Some folks made millions on the lottery too but that only cost them a buck
If you want to gamble put your money in a speculative nonexistent thing and pray you get lucky go ahead.
I didn't base my investment strategy on luck.
Never put all of your eggs in one basket. People could simply put a certain percentage of their investing money into bitcoin. Of course that’s if they’re lucky to have it. Most Americans don’t have the money for stocks let alone $1000 emergency. Something like 57% of Americans can’t afford an emergency for a few thousand dollars.Yes.
Smart people do all kinds of things to make money
Bit coin is not just fiat currency it is far more speculative fiat currency where your purchasing power can disappear overnight. It's an exercise in game theory at best
The volatility alone makes it an extremely risky investment and anyone basing their portfolios on it will have far less control over their finances than those who don't.
What is the purpose of investing for the average person? It's not riding the waves of volatile stocks it's accumulation of actual value then preserving that value so as to fund one's lifestyle. It's a long term strategy.