BITCOIN as an alternative to regular currency

[Dallas]

Were helping to trigger peoples FOMO

[johnsheppard]

You guys speculate or believe in the fundamentals?

A crypto purchasing box/atm thing (forgotten the brand) showed up at the local food court the other week (Cairns Australia), so I had a play with it... it had pages of warnings on the first screen and stuff about not using crypto for illegal activity. Guess the government made them say so...

[megarain]

Crypto market cap now just over $2 trillion.

Aramco (oil) - market cap $2.06 t (made $161 B profit last yr) - so trades on 12 times earnings. How many yrs will Oil be a thing ?

Alphabet (google) market cap $1.6 t

Microsoft market cap $2.6 t.

I think it's always a great discussion whether you would rather hold .. say half of all crypto, or half of Aramco

[Euler]

Crypto has no yield though. So you can compounded an investment, but not a speculation. Overtime the annual return on Crypto will fall so it will not compete with traditional assets unless it heads to the moon and compounds.

[megarain]

True - thou Gold has no yield either and costs you money to store.

Given Asteroid mining will be a thing within 15 yrs, and the minerals are more plentiful than on earth, I do wonder
how this space will look in a decade or so, not that it will really matter.

[jimibt]

btc looking set to breach the phycological 50k barrier again. 1st time since year end '21

https://www.kucoin.com/futures/trade/XBTUSDTM

make that 60k... don't focus much on crypto, but there does seem to have been a lot of focus/interest since late jan and the price has responded.

will be interesting to see what tech makes the magical bridge between AI, blockchain and healthcare (the live forever pursuit, ever popular in silicon valley)!! watch this space

[CK2021]

btc looking set to breach the phycological 50k barrier again. 1st time since year end '21

https://www.kucoin.com/futures/trade/XBTUSDTM

there does seem to have been a lot of focus/interest since late jan and the price has responded.

We will probably hear about certain governments that have invested heavily in crypto once the price hits the ceiling.

EDIT:
Just did a quick search after I posted that to find around 8% of all the Bitcoin in the world is owned by governments and companies although it looks like the primary way through which governments get hold of BTC and other cryptocurrencies is not an investment, they get them by seizing the assets of criminals and recovering assets from fraudulent activities and they often offload the cryptocurrency when it is most profitable for them to do so.

[Dallas]

Bitcoin now traded at a new all time high

[weemac]

Bitcoin now traded at a new all time high

387 years, and I'm still waiting for my tulips to hit a new all time high.

[Dallas]

Bitcoin now traded at a new all time high

387 years, and I'm still waiting for my tulips to hit a new all time high.

[jimibt]

Bitcoin now traded at a new all time high

it's not quite. I recall it getting to 69k in late 2022. I expect it to crash thro to 75k from here.

[Dallas]

Bitcoin now traded at a new all time high

it's not quite. I recall it getting to 69k in late 2022. I expect it to crash thro to 75k from here.

It was at it near low late 2022, I started buying early 2023 when it just started to climb again

I'm seeing the previous high of circa £51k (GBP) in Nov 2021 but it's now £1k above that

[SpikeyBob]

Bitcoin now traded at a new all time high

it's not quite. I recall it getting to 69k in late 2022. I expect it to crash thro to 75k from here.

It was at it near low late 2022, I started buying early 2023 when it just started to climb again

I'm seeing the previous high of circa £51k (GBP) in Nov 2021 but it's now £1k above that

GBP High was hit earlier today, USD has not been hit yet. yet.

[Euler]

https://twitter.com/TommyWorldPower/sta ... 4780717335

[Dallas]

https://twitter.com/TommyWorldPower/sta ... 4780717335