General Discussion

doc03

(37,554 posts)

30. I thought there would be a melt down in Bitcoin like the 2008

Mon Dec 23, 2024, 06:41 PM

Dec 23

financial crisis for years. I wish I would have bought one when they were a couple thousand dollars. I don't
understand how they have any value but someone does. A friend of mine tried to talk me into the dot com bubble.
I am glad I didn't buy that. He lost practically everything.

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Highlight:

Bitcoin's long-term growth 'far exceeds' the US dollar: Sen. Lummis [View all] Zorro Dec 19 OP

The bdamomma Dec 19 #1

BitCon is backed by zero assets but even tulip bulbs were the rage once. nt yaesu Dec 19 #2

And for some reason we must believe a Republican?................ Lovie777 Dec 19 #3

What? Blue Full Moon Dec 19 #4

'Cause it's IMAGINARY! elleng Dec 19 #5

Wyoming should be merged with Montana or Idaho Yo_Mama_Been_Loggin Dec 19 #6

If you're going to do that... jmowreader Dec 23 #18

And even at 3.7 million residents DFW Dec 23 #23

Simpson? TimeToGo Dec 23 #33

He was a hell of a lot better than the mob in there now jmowreader Dec 23 #39

I mean sure TimeToGo Dec 23 #40

Looks like 2025 will be an exciting year for those of us still using dollars to pay for rent, food, and medicine 0rganism Dec 19 #7

I say: back US currency with tulip bulbs! struggle4progress Dec 19 #8

The stupidity of this timeline is exhausting neverforget Dec 19 #9

It truly is 😔 Blue_Tires Dec 20 #14

IF you take the most wildly optimistic valuation for BTC (I have seen a $3m per BTC target by 2030) and assume that the Celerity Dec 19 #10

Fuck off, Bitcoin Whore hatrack Dec 19 #11

I get it, we don't like either of the women mentioned - But that justifies this misogynistic slur, how, exactly? Lancero Dec 19 #13

Long-term? Like from what date is she counting? Because dollars have been around the US since the 1770s... Hekate Dec 19 #12

With the approval of Crypto ETFs by the SEC because of pressure by walkingman Dec 23 #15

Fantasy Currency, Backed by Cocaine Dreams. MineralMan Dec 23 #16

The final pump before a great dump? hunter Dec 23 #17

"always volatile in an upward direction" WTF does that even mean? Wounded Bear Dec 23 #19

In my opinion, that is why they wanted to shut down the government... kentuck Dec 23 #20

"Only 21 million bitcoin will ever be mined" Retrograde Dec 23 #21

I believe the 21 million is "hard-built" into the system Disaffected Dec 23 #24

Yes, the maximum total supply of Bitcoin is 21 million. awesomerwb1 Dec 23 #29

Bitcoin will soon have a 1929 style crash. n/t Jacson6 Dec 23 #22

Well, I hope Senator Lummis puts all his money in Bitcoin then. I also hope he drinks raw milk. Vinca Dec 23 #25

Fed has the ability to create US Dollars infinitely bucolic_frolic Dec 23 #26

Poof and its gone, its aim to get something from nothing Historic NY Dec 23 #27

Crypto isn't going anywhere awesomerwb1 Dec 23 #28

I thought there would be a melt down in Bitcoin like the 2008 doc03 Dec 23 #30

A crypto collapse has the potential to make the subprime mortgage crisis Liberal In Texas Dec 23 #31

I'm thinking she has a closet full of bit coin. (just trying to get some more IDIOTS on board) bluestarone Dec 23 #32

👀💰 underpants Dec 23 #34

ZERO basis in anything of real value, just speculation. $$$ are backed by we taxpayers. BTC ZIPPO dutch777 Dec 23 #35

Ummm. Does anyone remember inflation? And Bitcoin can be complicated on a day to day basis. haele Dec 23 #36

Republicans are going to fleece a lot of people via E currency Bristlecone Dec 23 #37

One crypto currency out of many. keithbvadu2 Dec 23 #38