1y ago

Bitcoin hits $69,000 in new record high

ground.news

Bitcoin rises above $69,000 in new record high

Who let Elon Musk set the prices?

34 comments

yay, how many nations worth of electricity is it consuming now?
Call me when it's at $69,420.
- World Obesity Day happened and it fell again
From here, it's just as likely to go to $420,069 as $420.69 .
- Then you should obviously buy it
  0.5 * 420069 = 210034.5
  0.5 * 420.69 = 210.0345
  At an expected value of around $210K you'd be getting triple value on your investment if your post were true
  
  I don't see the sense in your calculations
Who tf is buying??
- russian agencies, chinese families, people being ransommed..
  
  I dunno why you think Chinese families are buying it. In fact, it's banned in China.
- Nice
Don't know if "nice" is appropriate.
Wasn't it over 70k at one point? 🤨
- Don't think so
Technology?
- My interpretation of this place is for anything that involves big tech, which includes tech that is big and big tech companies, the former of which includes Bitcoin
  
  I love seeing fern stock price posts on my gardening community.
- Yeah this is a bit far fetched, I guess blockchain = tech?
  I think this might have had merit some years ago, but bitcoin is not about the tech anymore IMO, because the tech behind it is well established now.
  But since we don't have a "financial" sub with any traction that I know of, I'm ok with it being here anyway.
  
  Yeah Bitcoin is a 100% finance thing for a good while now. It's not like price moves up down based on efforts by the open source community behind Bitcoin, it moves by collaborative efforts of traders, speculators, market makers and above all Tether Inc and their cronies.
- If news articles about Elons current tweet or TSLAs stock price is Technology, then why not this?
  
  I never saw such posts. Who cares about tesla stock price?

34 comments