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-   -   Money Bitcoin Take? (https://chiefsplanet.com/BB/showthread.php?t=270065)

ChiefRocka 06-05-2019 07:22 AM

Bitcoin isn't even exciting, Eth is where its at these days:

https://www.coindesk.com/bloomberg-t...ebt-instrument

https://finance.yahoo.com/news/andre...235037894.html

https://cryptoslate.com/microsoft-ve...ation-ethereum

loochy 06-05-2019 07:23 AM

Quote:

Originally Posted by Eleazar (Post 14294930)
Probably a cool idea until you get to your closing or go to pay off your lender and find out BTC dropped 5% that morning and you need to cough up another $30,000

Yes, but it raises just as fast as it drops so that could work in your favor as well. :thumb: It's probably better than spending large sums in Vegas :shrug: But yeah, I would definitely NOT use it as a primary investment strategy like that. By BTC funds are fun money / used to buy things on the internet.

Fat Elvis 06-05-2019 07:43 AM

Quote:

Originally Posted by loochy (Post 14294913)
Maybe...and maybe not. Considering a single Bitcoin is worth about $7500 right now, it wouldn't take many to buy a house. Maybe he has a few Bitcoin.

Bitcoin was between $10-100 in 2013....my guess is that he has a ton of Bitcoin if he mortgaged his house.

ChiefRocka 06-05-2019 07:52 AM

Quote:

Originally Posted by Fat Elvis (Post 14294959)
Bitcoin was between $10-100 in 2013....my guess is that he has a ton of Bitcoin if he mortgaged his house.

Come on guys, I was being sarcastic. Confirmed: Do not hodl a metric shit ton of Bitcoin

loochy 06-05-2019 07:55 AM

Quote:

Originally Posted by ChiefRocka (Post 14294971)
Come on guys, I was being sarcastic. Confirmed: Do not hodl a metric shit ton of Bitcoin

hell, I only own like 3/4 of a Bitcoin

ChiefRocka 06-05-2019 07:56 AM

Quote:

Originally Posted by loochy (Post 14294974)
hell, I only own like 3/4 of a Bitcoin

might be enough

JohnnyHammersticks 06-16-2019 08:27 AM

Hookers & blow for everyone! Around $9300 now.

https://pbs.twimg.com/media/D9GLa1MWsAAEX7f.jpg:large

JohnnyHammersticks 06-20-2019 02:29 PM

Bitcoin broke $9500 today. $10k and all the publicity that will come with it could be just around the corner. Now the 8th largest currency in the world, 9th if you count gold as currency.

Bigger Than Russia – Bitcoin Now 8th Largest World Currency

Christina Comben | Jun 19, 2019 | 16:00

The Rundown

Which Countries Have the Biggest Monetary Base in the World?
Bitcoin Monetary System Now 8th Largest World Currency

Still think Bitcoin is a passing fad? Here’s a news flash for you. At $8,940, it’s bigger than Russia’s monetary base. That makes Bitcoin the eighth largest currency in the world. And the price keeps on climbing…

Which Countries Have the Biggest Monetary Base in the World?

The answer might surprise you. Check out the chart below by Crypto Voices. You’ll see that gold is still by far the largest monetary system in the world at almost $8 trillion. However, Bitcoin is hot on its heels.

When it comes to a country’s monetary base, however, that is measured in terms of the total amount of currency in circulation or held in commercial deposits in the central bank, not in its gold reserves.

With its $25 trillion dollar debt, it’s no surprise that despite being the world’s largest economy, the U.S. lags in fourth place behind Japan, China, and the Euro Zone when it comes to base money.

You might wonder why oil-rich countries like Saudi Arabia and the United Arab Emirates don’t appear on this report. Is it because most of their wealth is held in oil and not in fiat? Crypto Voices says:

"Don’t know their methodologies, but Saudi Arabia and Denmark, for example, are pegged currencies, so their base money is the USD and EUR, respectively, and shouldn’t be counted. The correct economic comparison is the monetary base value of each currency’s central bank."

Bitcoin Monetary System Now 8th Largest World Currency

If you don’t count gold and silver, Bitcoin is now the eight largest currency in the world. It comes in at 9th place after the two precious metals.

How significant is this? Well, with a market cap currently at $162 billion and with some analysts predicting a BTC value of over $40k by the end of 2019, after just 10 years of being created, it’s a pretty big deal indeed.

Bitcoin is already bigger than the base money of Russia, South Korea, Brazil, Canada, and Norway. With cryptocurrency adoption on the rise around the world, it won’t be long before it catches up with–and overtakes–the monetary base of India, Switzerland, the UK, and, yes, the United States as well.


https://bitcoinist.com/bitcoin-russia-monetary-base/

eDave 06-21-2019 11:41 AM

Going to exceed $10k today. Definately will over the weekend. Weekends tend to see good gains.

Hog's Gone Fishin 06-21-2019 11:47 AM

9901 now

BigRichard 06-21-2019 12:44 PM

https://68.media.tumblr.com/e98573a7...s8boo1_400.gif

loochy 06-21-2019 01:15 PM

Quote:

Originally Posted by BigRichard (Post 14316997)

The trick is to sell right before the poop starts flying out on you.

eDave 06-21-2019 05:47 PM

$10,153

Edit: $10,225

BWillie 06-21-2019 06:01 PM

We're rich again bros

Too the moon

Haters gonna hate

Only thing we have to fade is quantum computing.

eDave 06-21-2019 06:04 PM

Facebook entered the game.


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