Re: Bitcoin nearing 19k
[Re: SNIPERBBB]
#7059616
11/23/20 09:29 AM
11/23/20 09:29 AM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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Joined: May 2010
Posts: 10,485
MN
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Eventually one of two things will happen, at least in my eye.
Either bitcoin will fall to zero or it will stabilize and no longer be an "investment". It cannot be do volitile and act as a true modem of exchange.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bitcoin nearing 19k
[Re: Steven 49er]
#7059638
11/23/20 10:03 AM
11/23/20 10:03 AM
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Joined: Dec 2006
Posts: 17,651 Rodney,Ohio
SNIPERBBB
OP
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OP
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Rodney,Ohio
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Eventually one of two things will happen, at least in my eye.
Either bitcoin will fall to zero or it will stabilize and no longer be an "investment". It cannot be do volitile and act as a true modem of exchange. I would like to agree with you but that requires a sane world.
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Re: Bitcoin nearing 19k
[Re: SNIPERBBB]
#7059758
11/23/20 12:43 PM
11/23/20 12:43 PM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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My opinion is the run up in 17 was because of FOMO.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bitcoin nearing 19k
[Re: SNIPERBBB]
#7060190
11/23/20 08:27 PM
11/23/20 08:27 PM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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Joined: May 2010
Posts: 10,485
MN
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XRP has also been on a monster run the last few days.
I vacated my position in it this summer. Story of my life lol.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Bitcoin nearing 19k
[Re: SNIPERBBB]
#7060207
11/23/20 08:31 PM
11/23/20 08:31 PM
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Joined: Aug 2011
Posts: 45,519 james bay frontierOnt.
Boco
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james bay frontierOnt.
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Trade will be booming soon with Kerry being the special trade envoy to China. I wonder if he will go over there with a big suitcase full of bitcoins?
Last edited by Boco; 11/23/20 08:31 PM.
Forget that fear of gravity-get a little savagery in your life.
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Re: Bitcoin nearing 19k
[Re: SNIPERBBB]
#7068718
11/30/20 07:22 PM
11/30/20 07:22 PM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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trapper
Joined: May 2010
Posts: 10,485
MN
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Old news Ken. Well 3 weeks old lol.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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