Bitcoin Smashes Through 18,000 USD. Where to From Here?

[Scott7]

Hot off the press...

Bitcoin Smashes Through $18,000. Where to From Here?

 

[thebrokenflipflops]

Where to from here for sure!
Do you think Bitcoin is the only cryptocurrency worth following?

 

[Scott7]

Where to from here for sure!
Do you think Bitcoin is the only cryptocurrency worth following?

For censorship resistant store of value and transfer of value, yes.

Some other cryptocurrencies have use cases and can be a potential source of short term gains, however, none come close to Bitcoin.

 

[thebrokenflipflops]

@Scott7 - Thanks for that. Please explain the censorship restraint store of value a bit more, please? Is this like when some countries made gold illegal to hold?

 

[Data Glasses]

For me it was the term "store of value" that grabbed my attention

 

[Data Glasses]

@Scott7 - Thanks for that. Please explain the censorship restraint store of value a bit more, please? Is this like when some countries made gold illegal to hold?

I think it was Cypress that took money from bank accounts over $100,000 ..... people woke up to discover the country stole their money overnight! That cannot happen with Bitcoin.

 

[Scott7]

I think it was Cypress that took money from bank accounts over $100,000 ..... people woke up to discover the country stole their money overnight! That cannot happen with Bitcoin.

Yep, it was 50k.

 

[Scott7]

@Scott7 - Thanks for that. Please explain the censorship restraint store of value a bit more, please? Is this like when some countries made gold illegal to hold?

By censorship resistant, I mean that you can store Bitcoin, send to anyone or receive it from anyone, and no government, corporation or bank can stop the transaction. Value is transferred without requiring the permission of gatekeepers.

For example, back in 2011, when Wikileaks was cut off from all traditional forms of making and receiving payments, they started accepting donations in Bitcoin.

 

[Data Glasses]

Yep, it was 50k.

I think one of the South American countries also did something similar?

 

[Data Glasses]

@Scott7 - Thanks for that. Please explain the censorship restraint store of value a bit more, please? Is this like when some countries made gold illegal to hold?

"The big banks can also manipulate the gold and silver markets .......https://www.moneymetals.com/podcasts/2016/12/23/gold-silver-market-rigging-000975"

 

[thebrokenflipflops]

Wow... this is interesting stuff.
I'd heard about other countries accessing citizens money.... but didn't realise it was at anything above $50K.

 

[thebrokenflipflops]

Wow... this is interesting stuff.
I'd heard about other countries accessing citizens money.... but didn't realise it was at anything above $50K.

Have also heard a bit about the bail in/out laws here.

 

[Scott7]

Yep, it was 50k.

I was wrong about this. It was 100k euros.

 

[Data Glasses]

Nearly at it's all time peak again !

 

[Scott7]

Nearly at it's all time peak again !

Yep, BTC hit 27,322 AUD on Coinspot earlier today.

IMO, 27k now, is like 1k in late 2016... things are just warming up for a mind blowing bull run in 2021.

 

[Data Glasses]

Yep, BTC hit 27,322 AUD on Coinspot earlier today.

IMO, 27k now, is like 1k in late 2016... things are just warming up for a mind blowing bull run in 2021.

Will Trump claim it was his doing's?

 

[Scott7]

Will Trump claim it was his doing's?

Nope, I'll be claiming it first

 

[Data Glasses]

Nope, I'll be claiming it first

Good, now I know it's not rigged!