Why are we paying $40,000- $60,000 for bitcoin when it was literally $3,000 - $10,000 only 2 years ago?
Talk about speculative bubble.
No, it’s not “line go up forever” asset like a house, people actually need houses to live in, and houses cannot be liquidated instantaneously like bitcoin can, homes don’t go down because of those 2 reasons, slow moving asset to sell + people need a place to live.
Bitcoin can be sold instantly, and you can’t live in your Bitcoin. You’re playing with fire buying Bitcoin at these prices.
>hurrrr durrrr peole said the same thing at $40 - $60 dollars therefore I disregard your post and will dig my head in the sand hurrrrrr
There’s a massive difference between risking $40 - $60 for a single bitcoin, and risking $40,000 - $60,000 for a single bitcoin. Risking and losing on $40-$60 or $400-$600 for 1-10 bitcoin is a completely different story on risking and losing $40,000 - $60,000 or $400,000 to $600,000 for 1-10 bitcoin.
I was on Studybux in university in 2015 and I was getting $550 a fortnight, and bitcoin was $250-350 at the time, so I was able to buy 1 bitcoin every 2 weeks and have a little left over, now in 2022 it requires 50% to 100% of a normies pre-tax annual income to accumulate 1 bitcoin….. do not be intellectually dishonest and tell me there’s no difference in risk associated with buying. I also don’t want to hear any cope about “b-but you don’t need to buy 1 whole bitcoin you can just buy some sats” that is irrelevant to this, your dollar per sat is still atrociously bad risk at this point.
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(Will continue in next post)