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File: 1507856461983.png (370.17 KB, 900x900, 1:1, bitcoin.png) ImgOps Google

Bitcoin is $5,400 right now, up 23% from last week.  Is this pure insanity???                                                                   


Maybe? I don't know anything about trading cryptocurrency. What is driving this surge in value?


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>What is driving this surge in value?
That's the million-dollar question.  Perhaps it's Putin's recent announcement (“it’s also important not to put up too many barriers”).                                                                   


File: 1507863414570.jpg (59.4 KB, 1280x720, 16:9, rich.jpg) ImgOps Exif Google

thanks, OP - just sold my $10,000,000 stake in bitcoin and made $2,300,000.

daily reminder that if ur born rich, u can make as much money as the average engineer or scientist makes in their entire lifetime in one day ~


Neat, that means my bitcoins are worth more right now. I wonder if I should take them out and spend them. Maybe buy Cuphead.


I'm hodling


Doing what now?



But Bitcoin can't keep increasing in value forever. Eventually it will plateau, or inflation will be a problem, right?


File: 1507884861684.png (1.25 MB, 1280x1920, 2:3, tumblr_nnclbz3pPS1u1giv9o5….png) ImgOps Google

you can also lose as much

that's how it works

Since bitcoin supply is capped, it doesn't inflate. Normal inflation is caused by the printing of money, devaluing the currency. Bitcoin can only be produced at a decreasing rate, which means that as long as the demand keeps increasing at even a moderate rate, so will the price.



>implying that makes it ok

ill take that risk any day, lol. interest on $10,000,000 is pretty much a guaranteed $1,000,000/year with paid for best education in the world in case u run out of money and no consequences if u do. eeyup. ill take it.


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you're literally talking about a scenario where you're already ultra wealthy

of course things work out for you in that case, lol

Also 10 percent is definitely not guaranteed on investments. If you put all your money in a hedge fund, I'm pretty sure you'd be really lucky to make that much. Some bad years average returns have been around 0.45%


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