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 No.606881

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???                                                                   

 No.606887

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

 No.606975

File: 1507862926213.jpg (37.98 KB, 319x448, 319:448, putin.jpg) ImgOps Exif Google

>>606887
>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”).                                                                   

 No.606982

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 ~

 No.606998

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

 No.607026

>>606998
I'm hodling

 No.607028

>>607026
Doing what now?

 No.607037


 No.607103

>>607037
But Bitcoin can't keep increasing in value forever. Eventually it will plateau, or inflation will be a problem, right?

 No.607327

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

>>606982
you can also lose as much

that's how it works

>>607103
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.

 No.607335

>>607327

>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.

 No.607346

File: 1507889899964.jpg (23.4 KB, 548x663, 548:663, Cd3c6Z-UIAABogd.jpg) ImgOps Exif Google

>>607335
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%

 No.607372



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