Partially related: there seems to be a ton of money around. I sold my startup about 18 months ago, and I’m already being contacted by VCs (4 in the past 2/3 months) to see “what we’re working on next”. We’re not even looking to raise money.<p>Seems like interest rates are very low, and monetary supply is going up in the US. Investors are looking for better alternatives to escape ZIRP. Don’t quote this as financial advice cause I’m no expert, but ill keep betting on BTC.
Bitcoin is an almost perfect exploitation of humanities fatal flaws (greed, unwillingness to acknowledge externalities - i.e. selfishness). For that reason I think demand will continue to increase for Bitcoin / it will continue to increase in value.
Huh, finally. I hopped on the bandwagon in 2017 but didn't sell when it was up, I've just been sitting on my hands until it did.<p>Of course, getting back onto Coinbase and I'm now asked to verify my identity and upload my driver's license and all. I mean they should have done that in the first place insofar as governments are concerned, but still.<p>edit: I also spammed random cryptocurrencies (ripple, dash, augur?) on Kraken, those have tanked since then, lol.
I think Ethereum is much more technically interesting and has more capable leadership. I'm surprised the rise in ETH has been so muted comparatively. Any conjectures?
Bitcoin up 62x since Nov 2015, when google started tracking<p>TSLA up 15x over same timeframe<p>BTC only 4x Tesla rn<p>(So BTC is only 4x more of a scam than TSLA is)<p>Maybe BTC should split so retail investors don't have to look at any big impressive feeling numbers
Oddly Telegram went down just as this occurred: <a href="https://downdetector.com/status/telegram/" rel="nofollow">https://downdetector.com/status/telegram/</a>
Bitcoin’s supply is constrained by math. You can’t inject trillions of BTC out of thin air like US govt is doing right now. Plus low interest rates mean there is just so much money for those who already have money.<p>I expect BTC to rise. It’s a store of value. Holding USD in the bank is a terrible idea right now.<p>Even real estate is shooting up like crazy - at-least in Seattle area (well because supply is constrained)
What's a safe way to buy crypto? Obviously the crypto values can change, but is there a recommended platform? I've considered buying for some time but am always put off by now knowing whether a platform is considered shady or not. I see a lot of stuff about people losing keys or bitcoins and don't know how to safely purchase
It's a shame I never transferred my wallet out of btcguild before it shutdown!!!<p>It's crazy to see btc hit this price. Everyone said I was silly when I spent 5k on mining rigs back in 2013!!
End of (2?) year peak! Get ready for 80% drop and gradual rise over the next 1-2 years again. It's the pattern, maybe this year I'm smart enough to sell before the drop and buy again by the end of January ;)
Any rational investor at this point should own some amount of bitcoin and / or ethereum. The asymmetric upside potential vs. going to zero makes a $1000 investment have very strong upside with limited downside.
Bitcoin's exchange rate has advanced in regular four-year cycles going back to about 2010. The peaks are phase-shifted from the four-year halving period.<p>Each cycle is punctuated by a media hype deluge. Nonstop coverage of Bitcoin in the popular media. Face ripping rallies every other day. Tales of freshly-minted millionaires and fortunes buried in landfills. That hasn't happened yet.<p>Each cycle brings in more news coverage, more users, more holders, more speculators, more critics, and more haters. If this trend holds, Bitcoin will follow one of two paths: it will be replaced by something better at its primary function; or it will replace something else. Network effects favor the latter.<p>The current cycle just happens to coincide with the largest expansion money base the world has ever seen.