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Forum » Bitcoin just hit a 1 trillion market cap
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Thread: Bitcoin just hit a 1 trillion market cap

post 1631839323 02-19-2021, 04:30 PM
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#91
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Originally Posted By ScramFranklin⏩
then i don't see the point tbh. I want to get rich.
This isn’t a greed thing it’s a revolution. The destruction of the fiat dark ages which fiat has only existed for 300 years. Anyway with btc it still has a 300x return in it. If you bought in 2010 it has had a 9million % return. Well never see that again sadly but the return we’ll see now is still gonna be amazing. Long term btc will be over 10m a coin. So even just 10k invested in will lead to millions in enough time.
post 1631839513 02-19-2021, 04:33 PM
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#92
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Originally Posted By jasticus⏩
That will never happen. Btc birth is unique because no one expected the outcome
then i don't see the point tbh. I want to get rich.
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post 1631845093 02-19-2021, 05:44 PM
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#93
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Originally Posted By ScramFranklin⏩
then i don't see the point tbh. I want to get rich.
A 300x return will get you rich
post 1631846633 02-19-2021, 05:59 PM
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Originally Posted By jasticus⏩
A 300x return will get you rich
300x implies BTC can get from $56k to close to $17 million.

I guess it can happen. If it went from pennies to $56k, why can't it go from $56k to $17 million? There's gotta be a limit somewhere though, you'd think.

I've always had a negative taste/association with cryptocurrencies. And time continues to prove I'm a fool for ignoring it. Hence why I'm mining today, if it continues to multiply so too will whatever BTC I mine today. If it doesn't, then no skin off my nose since I didn't actually invest any money into it (except power costs). Tempted to put a few thousand into it though at the next dip.
post 1631846763 02-19-2021, 06:02 PM
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#95
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Isn't there a critical point where if Bitcoin hits $X, say $1M that would imply that the dollar is already worthless since BTC market cap would be that of the USD? So coincels would only be able to use their BTC or other coins and not sell it for USD. So is the comparison to the dollar long term even a valid point?
post 1631849903 02-19-2021, 06:42 PM
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#96
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Originally Posted By Visel⏩
300x implies BTC can get from $56k to close to $17 million.

I guess it can happen. If it went from pennies to $56k, why can't it go from $56k to $17 million? There's gotta be a limit somewhere though, you'd think.

I've always had a negative taste/association with cryptocurrencies. And time continues to prove I'm a fool for ignoring it. Hence why I'm mining today, if it continues to multiply so too will whatever BTC I mine today. If it doesn't, then no skin off my nose since I didn't actually invest any money into it (except power costs). Tempted to put a few thousand into it though at the next dip.
Michael saylor has done the math(so have others) and says there’s about 300t looking for a a new home. Btc will absorb everything eventually Ans if it hits those numbers we’re looking at over 10m a coin. Remember we’re at 1% world adoption and these insane prices. Blows my mind.
post 1631849983 02-19-2021, 06:43 PM
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Originally Posted By MisterDiapers⏩
Isn't there a critical point where if Bitcoin hits $X, say $1M that would imply that the dollar is already worthless since BTC market cap would be that of the USD? So coincels would only be able to use their BTC or other coins and not sell it for USD. So is the comparison to the dollar long term even a valid point?
You are right imo. Eventually we will never transact btc for any fiat. No one would. It will be an interesting time when that happens.
post 1631890643 02-20-2021, 10:30 AM
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Question, where are you all buying BTC and ETH? I was gonna open up a Fidelity account and get off Robinhood but I don't think Fidelity does cryptocurrency
post 1631898543 02-20-2021, 12:42 PM
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Originally Posted By MikeLowrrrey⏩
Question, where are you all buying BTC and ETH? I was gonna open up a Fidelity account and get off Robinhood but I don't think Fidelity does cryptocurrency
Coinbase and Kraken are easy fiat on ramps IMO.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1631899423 02-20-2021, 12:57 PM
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Originally Posted By BetaAsPhuck⏩
Coinbase and Kraken are easy fiat on ramps IMO.
I'm sticking with Gemini since I had an old account

Does kraken have the small altcoins like DOT and ADA?
post 1631899573 02-20-2021, 01:00 PM
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#101
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Originally Posted By MikeLowrrrey⏩
I'm sticking with Gemini since I had an old account

Does kraken have the small altcoins like DOT and ADA?
Yep.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1631900323 02-20-2021, 01:13 PM
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#102
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Originally Posted By MikeLowrrrey⏩
Question, where are you all buying BTC and ETH? I was gonna open up a Fidelity account and get off Robinhood but I don't think Fidelity does cryptocurrency
Coin base pro or Gemini active trader. Make sure you use pro and active fees are very low
post 1631903393 02-20-2021, 02:00 PM
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Just broke 0.001 BTC from mining! Maybe in 1-2 months I'll get to 0.01 lol.
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