ROFLMAO !!!!!!!!!!!!!!!!

Keep up the good fight !!

I think it’s only the beginning, but agree with the wild swings, I’m thinking at least 50,000 by the end of 21

For everyone else's sake I hope so. But for my sanity since I sold, I hope not. Ha. I have read more crypto news then I can fathom over the last couple years. I am a firm believer in crypto, but the temptation to pay off a vehicle loan with the earnings was to much.

I will still be drying my fur with the LTC miner though, mining with an Antminer L3+ overclocked. Nice dry electric heat blow drying my fur and now as of today making a profit while doing so, eliminating one extra trapping cost as long as we are having temps in the 20s and above.

LTC finallly getting a move on, up 20% today

bitcoin was over 34k for a bit

Bitcoin Breaks Above $30,000 to Hit Another Record High

Nicholas Jasinski
Jan. 2, 2021 4:28 pm ET




Bitcoin kicked off 2021 just how it ended 2020—with a roaring rally to record highs. The price of the cryptocurrency surged above $30,000 for the first time on Saturday before hitting more than $33,100 that afternoon, according to CoinDesk. At about 4:20 p.m., Bitcoin was at $31,576.61, up 21% in the past week and almost 360% in a year.

For all of its comparisons to “digital gold,” Bitcoin has traded much more like a risk asset in 2020. Its price fell below $5,000 during March’s broad selloff, but rebounded in the spring and summer. By the fall, as a cyclicals-led rally took off in the stock market, Bitcoin neared record highs for the first time since 2017. The price first broke through $20,000 in December, and has only taken off since.

A weaker U.S. dollar in 2020 and signs of greater institutional backing for Bitcoin have added to the enthusiasm for the cryptocurrency. Once-skeptical investors like Paul Tudor Jones and Stanley Druckenmiller have publicly said that they’ve invested in Bitcoin as a diversifier in 2020, while Robinhood, Square (ticker: SQ), and PayPal Holdings (PYPL) have all made it easier for their users to buy digital assets like Bitcoin.

Some analysts—of varying pedigree—see Bitcoin climbing even higher in 2021. Several have targets in the $20,000 to $50,000 range. ARK Investment Management CEO Catherine Wood sees a price of $500,000 as attainable.

It has been a volatile rise for Bitcoin in recent months: In addition to days with double-digit gains, the cryptocurrency has swung in the opposite direction in several sessions. It’s certainly not an investment for the faint of heart.

Write to Nicholas Jasinski at nicholas.jasinski@barrons.com

https://www.barrons.com/articles/bi...ecord-high-51609622919?mod=hp_LEAD_1_B_3

$500,000 !! Better get ready to pay some taxes !!

If Bitcoin goes to 500,000 the world will have a far different look than it does now.

Silver had a nice pop on the opening bell this afternoon, it's about time for PMs to start the next leg up.

They might. Especially if the RATS manage to steal the GA elections

Trumps minion, Mnuchin, is what has me concerned with temporarily killing the industry. Read the frequently asked questions section and how they basically dont care about the public comments. They want to do away with the entire privacy feature of crypto and basically regulate every core cryptocurrency belief of being your own bank. The "frequently asked questions" pdf file at the below web address basically spells it out that crypto is for terrorists and drug organizations. If they kill off deposits from self hosted wallets then they will effectively kill the spirit of bitcoin.

Better think about transferring whatever crypto you have to an exchange before these rules take effect and you somehow have to prove you own a public address. Only way of doing that is giving them your private key. If you dont and these rules are adopted be ready to weather a market in significant decline and inability to get your BTC transaction confirmed with an exchange, accepted and sold. If not, then prepare to HODL long term, or pray these rules aren't adopted.

https://home.treasury.gov/news/press-releases/sm1216

This is the paragraph about basically stating we dont care what your public comment reads.

Third, although FinCEN is publishing this proposal in the Federal Record and invites
public comment, FinCEN has noted that notice-and-comment rulemaking requirements are
inapplicable because this proposal involves a foreign affairs function of the United States and
because “notice and public procedure thereon are impracticable, unnecessary, or contrary to the
public interest.”5
The proposal seeks to establish appropriate controls to protect United States
national security from a variety of threats from foreign nations and foreign actors, including
state-sponsored ransomware and cybersecurity attacks, sanctions evasion, and financing of
global terrorism, among others. Furthermore, undue delay in the implementation of the proposed
rule would encourage movement of unreported or unrecorded assets implicated in illicit finance
from hosted wallets at financial institutions to unhosted or otherwise covered wallets, such as by
moving CVC to exchanges that do not comply with AML/CFT requirements

I think I'd be more concerned about the Biden cronies who want to impose MTM taxation even though no taxable event takes place. IOW......they want to tax you on the value at year end regardless of whether you have sold or still hold an asset

I lost all my assets. Well except for the depreciating ones.

We are all likely to lose our .....assets

We were going to anyways. Just gonna get sped up a bit

Now to 38k... invested in a penny crypto yesterday and it's doubled by this morning.

Good luck. Altcoins/"crypto" main purpose is to steal your BTC.

BTC now crosses 40k.

I don't understand the concept of Bitcoin at all. I know a guy who has four water cooled processors at work trying to mine it. How do you exchange it for something tangible you can hold in your hands?

You can sell it on an exchange, of you're savy enough you don't need an exchange, for cash and soon you can purchase stuff with it via PayPal.

Things you can hold in your hands can easily be confiscated. Especially if you have the power of the State against you.
Part of Bitcoins value prop comes from how hard it would be to confiscate from someone. Reason #127 it is the ultimate savings technology.

Executive order 6102 https://en.m.wikipedia.org/wiki/Executive_Order_6102

The same way you exchange the fiat currency in your pocket for tangible goods. Find a person willing to trade you their goods for what you are willing to trade with.