Bitcoin jumps past $50,000

[Hanno Labuschagne]

Bitcoin jumps past $50,000

Bitcoin blew through another milestone, surging past $50,000 for the first time as the blistering rally in the largest cryptocurrency continues to captivate investors worldwide.

The world’s largest cryptocurrency reached about $50,191 as of 7:32 a.m. in New York and is now up about 73% so far this year. Ether, a rival crypto, hit a record on Friday and is up about 140% year-to-date.

After ending last year with a fourth-quarter surge of 170% to around $29,000, Bitcoin token jumped to $40,000 seven days later. It took just nearly six weeks to breach the latest threshold, buoyed by endorsements from the likes of Paul Tudor Jones, Stan Druckenmiller and Elon Musk. Bitcoin traded for a few cents for several years after its debut more than a decade ago.

[Bloomberg]

 

[Jet-Fighter7700]

the drop is going to be MASSIVE,
as what goes up, must come down.

 

[Keegan89]

Johann Steynburg, sipping on pina coladas and laughing!

 

[Flojo]

I got a friend that is in the online gaming industry. He says they are up 60%.

Much like with this WSB etc, people are couped up and bored.

Whats goes up ..... you know the rest

 

[LinuxMan]

When is this correction coming

 

[Def-e-nition]

When is this correction coming

Suffering cat fish...

BTC can't hear you.
Lol.
I missed this bus.
Geeeezz

 

[NarrowBandFtw]

the drop is going to be MASSIVE,
as what goes up, must come down.

been saying that about the S&P500 for over a decade ... turns out what goes up does not always come down

 

[JohnStarr]

the drop is going to be MASSIVE,
as what goes up, must come down.

Hopefully it sees altcoins go up! Well, hoping hard here...

 

[RaptorSA]

I used the fact that I have bitcoin in an attempt to trap a cougar at the local pub the other day, it almost worked.
Today, it should work.

 

[mr_norris]

The bitcoin and altcoin rise means I hit my breakeven point yesterday after being into it in the 2017 all time high.

I have paper hands, so I sold.

Will buy back in if it comes crashing down like the last time.

 

[dualmeister]

Anyone here actually sitting on a beach in the Bahama's after selling their Bitcoin fortunes?

 

[backstreetboy]

Anyone here actually sitting on a beach in the Bahama's after selling their Bitcoin fortunes?

Johann Steynberg?

 

[dualmeister]

Johann Steynberg?

Who?

 

[backstreetboy]

Who?

 

[CUZ_458]

Anyone here actually sitting on a beach in the Bahama's after selling their Bitcoin fortunes?

HODL for life

 

[Quicks]

The hopes of buying a new GPU this year looks very unlikely.

 

[Keegan89]

Who?

Where have you been for the last 4 or 5 months? This Steynburg oke is a gazillionaire after stealing who knows how much in bitcoin... In South America chilling. No extradition...

 

[SoldierMan]

the drop is going to be MASSIVE,
as what goes up, must come down.

Wrong. The big boys like Saylor are investing for the long term. It is nothing like the 2017 market.

Max Keiser be like: "I'm a multi-millionaire!" He bought at $0.50.

Edit: And he punted Bitcoin on his show Keiser Report at $1.00 and apparently made quite a few of his viewers rich too.

 

[Jet-Fighter7700]

Wrong. The big boys like Saylor are investing for the long term. It is nothing like the 2017 market.

Max Keiser be like: "I'm a multi-millionaire!" He bought at $0.50.

Edit: And he punted Bitcoin on his show Keiser Report at $1.00 and apparently made quite a few of his viewers rich too.

question still remains, what happens if it drops?
what if this bubble bursts, It HAS happened before.

what will all these "experts" say then?

 

[saor]

question still remains, what happens if it drops?
what if this bubble bursts, It HAS happened before.

what will all these "experts" say then?

Ja but it hasn't dropped back to zero, has it? It just drops back to a higher low than the last low. And repeat.