Were helping to trigger peoples FOMO
BITCOIN as an alternative to regular currency
- johnsheppard
- Posts: 290
- Joined: Mon Feb 04, 2019 6:00 am
- Location: Cairns Australia
You guys speculate or believe in the fundamentals?
A crypto purchasing box/atm thing (forgotten the brand) showed up at the local food court the other week (Cairns Australia), so I had a play with it... it had pages of warnings on the first screen and stuff about not using crypto for illegal activity. Guess the government made them say so...
A crypto purchasing box/atm thing (forgotten the brand) showed up at the local food court the other week (Cairns Australia), so I had a play with it... it had pages of warnings on the first screen and stuff about not using crypto for illegal activity. Guess the government made them say so...
Crypto market cap now just over $2 trillion.
Aramco (oil) - market cap $2.06 t (made $161 B profit last yr) - so trades on 12 times earnings. How many yrs will Oil be a thing ?
Alphabet (google) market cap $1.6 t
Microsoft market cap $2.6 t.
I think it's always a great discussion whether you would rather hold .. say half of all crypto, or half of Aramco
Aramco (oil) - market cap $2.06 t (made $161 B profit last yr) - so trades on 12 times earnings. How many yrs will Oil be a thing ?
Alphabet (google) market cap $1.6 t
Microsoft market cap $2.6 t.
I think it's always a great discussion whether you would rather hold .. say half of all crypto, or half of Aramco
Crypto has no yield though. So you can compounded an investment, but not a speculation. Overtime the annual return on Crypto will fall so it will not compete with traditional assets unless it heads to the moon and compounds.
True - thou Gold has no yield either and costs you money to store.
Given Asteroid mining will be a thing within 15 yrs, and the minerals are more plentiful than on earth, I do wonder
how this space will look in a decade or so, not that it will really matter.
Given Asteroid mining will be a thing within 15 yrs, and the minerals are more plentiful than on earth, I do wonder
how this space will look in a decade or so, not that it will really matter.
make that 60k... don't focus much on crypto, but there does seem to have been a lot of focus/interest since late jan and the price has responded.jimibt wrote: ↑Mon Feb 12, 2024 6:19 pmbtc looking set to breach the phycological 50k barrier again. 1st time since year end '21
https://www.kucoin.com/futures/trade/XBTUSDTM
will be interesting to see what tech makes the magical bridge between AI, blockchain and healthcare (the live forever pursuit, ever popular in silicon valley)!! watch this space
We will probably hear about certain governments that have invested heavily in crypto once the price hits the ceiling.jimibt wrote: ↑Wed Feb 28, 2024 8:25 amthere does seem to have been a lot of focus/interest since late jan and the price has responded.jimibt wrote: ↑Mon Feb 12, 2024 6:19 pmbtc looking set to breach the phycological 50k barrier again. 1st time since year end '21
https://www.kucoin.com/futures/trade/XBTUSDTM
EDIT:
Just did a quick search after I posted that to find around 8% of all the Bitcoin in the world is owned by governments and companies although it looks like the primary way through which governments get hold of BTC and other cryptocurrencies is not an investment, they get them by seizing the assets of criminals and recovering assets from fraudulent activities and they often offload the cryptocurrency when it is most profitable for them to do so.
It was at it near low late 2022, I started buying early 2023 when it just started to climb again
I'm seeing the previous high of circa £51k (GBP) in Nov 2021 but it's now £1k above that