I’m sure he has properties
Love to see it
Will Grayscale be the next domino to fall?
And so it starts, celebrities that endorsed FTX under scrutiny.
Do Kwon who oversaw a $40b stable coin collapse may be extradited to South Korea after being found in Montenegro with multiple passports.
Binance CEO Changpeng Zhao steps down - and pleads guilty to criminal charges
$4B settlement with US regulators and sentencing next year.
Crypto is on a bit of a run. My $1k investment was about $300 a year ago, but now it’s very nearly $600. Gonna retire early at this rate!!!
I have house money in it.
Goal is to have double digit amount of bitcoin and just let it ride. Pretty getting close but dang price is appreciating so quickly.
God damn! That’s a lot of bitcoin
Can I interest you in some feet pics?
Not generally but I signed up for Etoro and they gave me $10 worth BTC for free. My inclination is to turn it back into regular money but I have not done that yet.
Woot.
Absolute madness. I’m only down 15% now!
You’ll be up 15% soon. Don’t worry.
I don’t see any logical case for BTC as an investment. BTC does not produce anything, does not pay interest or dividends and also does not offer a fundamentally based value.
The best case for making BTC valuable is scarcity and supplanting gold as a “digital gold.” Like precious metals or stones BTC will accrue value because people decide it’s valuable. But precious metals, diamonds, rubies etc have been prized for thousands of years. BTC is new to this game and there is no guarantee it’s precious status will last. Often today’s shiny thing is replaced by a new one.
But you can buy things with BTC on the dark web.
Trying to figure out what the use is going to cost you a lot of money. The curse of being too analytical
It’s limited to investing as a currency, basically forex…except nobody’s really using it as a currency, take that away and you have tulips.
Except you can plant tulips and then give the flowers to your spouse and that has value.
The only real uses for crypto as currency is money laundering and funding terrorist organizations
I’m surprised more countries haven’t joined China in banning bitcoin mining and trading
Strange as it might seem. I don’t think that bans would stop bitcoin. Illegal drugs are still plentiful despite bans and I don’t think that uses like money laundering depend very much on legal standing for Bitcoin. I think that attempts to ban bitcoin may only increase it’s long term value. For example for many years private ownership of gold was illegal in the USA and many other countries, I think that it’s clear that gold’s value did not suffer from that.