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Bitcoin Hits $10,000 Because Ceilings Are Just a Construct, Man (gizmodo.com)
An anonymous reader shares a report: On Tuesday, the trading price of the most prominent cryptocurrency hit $10,000 for the first time. And that nice round number will almost certainly have the kind of psychological effect that brings in new traders. Based on analysts' recent predictions, the $10,000 milestone could be the beginning of the end or just the beginning. Some thought that $2,000 would be the point at which we'd see a reversal of Bitcoin's ascent. Others predicted it would top out at $4,000. Then, $4,000 became the floor. These days, analysts with decent reputations have predicted the cryptocurrency's trading price could go as high as $50,000, $100,000, and even $1 million.
... I don't give a shit about BTC.
I do however, wonder if Lindsay Lohan is in rehab or if Pokemon Go is still a thing.
It little behooves the best of us to comment on the rest of us.
Good grief! You're loaded! It's time to think about hiring a butler!
"That's the way to do it" - Punch
These days, analysts with decent reputations have predicted the cryptocurrency's trading price could go as high as $50,000, $100,000, and even $1 million.
In other words, they have no idea why it's doing what it's doing.
I'm starting to think "expert" is someone who is physically unable to utter the words "I don't know".
I'm not an expert, but I don't know if you're right.
"That's the way to do it" - Punch
If you want mine your own crypto currency, you need a motherboard with 19 PCIe 1X slots to plug in 19 GPUs and a couple of 1200W PSUs.
And an extension cord to steal the electricity from your neighbor.
"Have you ever thought about just turning off the TV, sitting down with your kids, and hitting them?"
I appreciate your perspective, though it incorrectly assumes that I purchased a sum of bitcoin and now I'm running around daily consuming/burning that bitcoin when it should be left alone to mature in value. You seem to believe that I should have two stacks of currency: one stack of dollars to live life by, and another stack of bitcoin to leave as an investment.
In reality, all the money received from my 9-5 job, my sideline business, and my miners goes into bitcoin. Therefore, I have no dollars left for daily life. I have a constant stream of finances going into bitcoin, and some coming out of bitcoin in the form of commodities and services needed to live daily life. This model ensures that my entire budget increases in purchasing power as rapidly as bitcoin increases in value. All I have to do is ensure that the stream of finances going into bitcoin is larger than the stream coming out of bitcoin and my nest egg grows at an even more rapid pace than if I only used bitcoin as an investment.
To quote yourself, "when it increases in price this quickly then you are retarded" you would be retarded to NOT put every dollar you have into bitcoin.
Let's make like a bird... and get the flock outta here.
Have gnu, will travel.