Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#8260063
11/11/24 10:41 PM
11/11/24 10:41 PM
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Joined: Mar 2014
Posts: 3,997 Central Texas
Chancey
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Joined: Mar 2014
Posts: 3,997
Central Texas
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Honest question.
Why do ya'll think it is getting so high? With the price, I don't see how people can be using it as a hedge; so they must think it will replace the fiat currency....?
I don't know. What do ya'll think is driving the price up?
Resident Conspiracy Theorist Accused Moron, Nazi, Low IQ, and Putin Fan Boy
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Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#8260075
11/11/24 11:02 PM
11/11/24 11:02 PM
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Joined: May 2010
Posts: 11,029 MN
Steven 49er
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Posts: 11,029
MN
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Right now my opinion is that with the election going the way it did, there is a feeling the new administration will be more favorable to it.
Also Blackrock is showing interest in starting a BTC ETF as have others.
"Gold is money, everything else is just credit" JP Morgan
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Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#8261173
11/13/24 11:57 AM
11/13/24 11:57 AM
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Joined: May 2010
Posts: 11,029 MN
Steven 49er
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trapper
Joined: May 2010
Posts: 11,029
MN
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It's getting close to a big milestone
"Gold is money, everything else is just credit" JP Morgan
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Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#8261213
11/13/24 01:34 PM
11/13/24 01:34 PM
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Joined: Feb 2011
Posts: 1,350 alberta
spjones
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Joined: Feb 2011
Posts: 1,350
alberta
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Just flipped silver About to flip the Canadian dollar #15 ranked asset ranked by market cap Kinda interesting,,,,, Companies that currently hold btc on their balance sheet are not able to include btc in market cap for tax reasons,,, Fair value accounting rules have recently changed Some companies are about too have a huge increase in market cap
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Re: Bitcoin clears 20k
[Re: Bob_Iowa]
#8261495
11/13/24 08:15 PM
11/13/24 08:15 PM
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Joined: Dec 2006
Posts: 18,810 Rodney,Ohio
SNIPERBBB
OP
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OP
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Joined: Dec 2006
Posts: 18,810
Rodney,Ohio
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I don’t understand why gold wouldn’t be on there and copper is number 2? Probably because theyre commodities.
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Re: Bitcoin clears 20k
[Re: SNIPERBBB]
#8261507
11/13/24 08:26 PM
11/13/24 08:26 PM
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Joined: Jan 2019
Posts: 4,365 North central Iowa
Bob_Iowa
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trapper
Joined: Jan 2019
Posts: 4,365
North central Iowa
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I looked at spjones post again and copper is 7 not 2 that explains more and when I looked gold is number 5 so it makes sense.
Last edited by Bob_Iowa; 11/13/24 08:27 PM. Reason: Wrong number
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