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Bitcoin price discussion and analysis

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Tesla reveals it has invested $US1.5 billion into Bitcoin.

www.abc.net.au

Tesla invests $US1.5b in bitcoin, sending its price to the moon

The famously volatile bitcoin has surged to its most expensive levels ever, thanks (in part) to the world's richest man Elon Musk talking it up, along with Tesla's $1.5 billion investment in the cryptocurrency.
www.abc.net.au www.abc.net.au

This is going to inject some real confidence into the idea of Bitcoin as a legitimate currency. If Elon is in, a lot of other people are also going to feel confident getting in.
 
greggles said:
Tesla reveals it has invested $US1.5 billion into Bitcoin.

www.abc.net.au

Tesla invests $US1.5b in bitcoin, sending its price to the moon

The famously volatile bitcoin has surged to its most expensive levels ever, thanks (in part) to the world's richest man Elon Musk talking it up, along with Tesla's $1.5 billion investment in the cryptocurrency.
www.abc.net.au www.abc.net.au

This is going to inject some real confidence into the idea of Bitcoin as a legitimate currency. If Elon is in, a lot of other people are also going to feel confident getting in.
Click to expand...
perhaps now is a good time to go in again
 
If I was into buy-and-hold, may be a good idea to add a few other coins too (like ETH or similar). I used to buy-and-hold DGB and a few other misc coins (still have them but not accumlating them. will liquidate them at some point).
 
Makes better sense to me now. The blockchain doesn't 'register' wallets, or public addresses. It just records them, whether they're real or not

 
BTC has been the trade of the decade, and will continue to be the trade of the decade.

Think about this, the last BTC to be ever mined will take 40 years to mine....
 
just sorting stuff out. if i make a private/public key, for offline (paper wallet). then i would do a send operation from the exchange to my public address. and it would register, without even knowing about my newly made wallet?
 
grah33 said:
just sorting stuff out. if i make a private/public key, for offline (paper wallet). then i would do a send operation from the exchange to my public address. and it would register, without even knowing about my newly made wallet?
Click to expand...
I would think so,even if i am no expert...
 
Elon Musk going in to the tune of $1.5 billion has made Bitcoin mainstream. Every man and his dog are now buying Bitcoin and many of those holding are hanging on rather than selling as there is a general perception that more gains are to come.

Personally, I think it will go a lot higher than US$50,000 this year. It's certainly been an incredible recovery from its lows. If COVID-19 had never happened, there is no way Bitcoin would be where it is now.
 
qldfrog said:
I would think so,even if i am no expert...
Click to expand...
well i did a 30 dollar minimum amount transfer the other day and it's still not there. might take longer. still less than 24 hours right now


i might try paper wallets to get into it gradually. i can just print it out after e.g. 2 years to preserve the writing, if i need to.

this currency is fascinating . just like a cba account, but crypto passwords... and it's a currency too. i suppose later if it takes off we'll have our own cards (like credit cards), swiping the keys to collect goods. and if it takes off, corps etc. will have a vested interest in extending the network everywhere .it's their money, they'll look after it, and keep it running. but the criminal advantages it brings are a serious issue... the dollar is crumbling, and we seem to be heading into a darker future , so bitcoin may fit in quite well.


it's better to have a currency which is transparent and looked after by good government, but that's not happening, so the players are coming here
 

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