Bitcoin climbs above $22,000

Hanno Labuschagne

Hanno Labuschagne

Journalist
Staff member
Joined
Sep 2, 2019
Messages
6,544
Reaction score
4,845
Bitcoin climbs above $22,000

Bitcoin has surged about 20% this week, breaching $22,000 for the first time and stirring predictions that more gains lie ahead for the world’s largest cryptocurrency.

The digital coin jumped as much as 4.6% to about $22,173 on Thursday, before paring some of the advance.

Bitcoin and the wider Bloomberg Galaxy Crypto Index have both more than tripled this year. Cryptocurrency-linked stocks in South Korea, Japan and China climbed.

[Bloomberg]
 
What ratio to gold? It's arbitrary numbers we measure in. Not like you have 1 apple and 1 pear and can compare the two.
 
gamer16 said:
Kinda, one comes with a inmonitariymeasurableaddedbonusfeatureperk namely FREEDOM!.
Click to expand...
sure, and I get the scepticism many people have when it comes to crypto, but seeing how central banks across the world mess around with the currencies they control and seeing blatant manipulation of gold and oil prices slowly made me realise:

it's all just BS anyway, at least the new kid on the block is less prone to such manipulation
 
NarrowBandFtw said:
sure, and I get the scepticism many people have when it comes to crypto, but seeing how central banks across the world mess around with the currencies they control and seeing blatant manipulation of gold and oil prices slowly made me realise:

it's all just BS anyway, at least the new kid on the block is less prone to such manipulation
Click to expand...
and this is exactly the reason Satoshi Nakamoto is still in Hiding,
the Governments and Financial entities are still too strong.
 
eg2505 said:
and this is exactly the reason Satoshi Nakamoto is still in Hiding,
the Governments and Financial entities are still too strong.
Click to expand...
Its quite possible that Satoshi was Hal Finney. And he Dead now. :-(
 
NarrowBandFtw said:
it has been defying gravity for 20 years now, probably longer, can't quickly find data further back ... so much for what goes up must come down:
fred.stlouisfed.org

Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level

View the total value of the assets of all Federal Reserve Banks as reported in the weekly balance sheet.
fred.stlouisfed.org
Click to expand...
dont know, maybe Its possible for it to come back down still,

I mean if Satoshis initial bitcoins go onto the market, dont you think the price will crash?
I mean isn't he/She the first whale in existence? and if he sells his coins,
the market will instantly crash?
 
  • Like
Reactions: Swa
tjma2001 said:
Also.. in before hurr durr bitcoin is a scam/ponzi scheme

Oh really? Let me tell you something about this thing called Fiat Currency.
Click to expand...
People who tell you that Bitcoin is a scam/ponzy scheme in reference to fiat and the fractional reserve banking system as their "golden standard" of what isn't, risk making me cringe to death.
 
I remember a few years ago, a friend of mine told me that bitcoin was a bubble, and that bubble was going to burst soon. It did experience a dip, but now it is back stronger than before.
 
Ancalagon said:
I remember a few years ago, a friend of mine told me that bitcoin was a bubble, and that bubble was going to burst soon. It did experience a dip, but now it is back stronger than before.
Click to expand...
They don't understand stock to flow. I also used to think the whole thing was purely speculative, but there's rock solid logic as to why people see it eventually at much higher levels than we have now. 20k is set to be the bottom of the coming bull run, not the top of it.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X