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Bitcoin rises above $10,000 for the first time in a year
Bitcoin's price has soared above $10,000 for the first time since early 2018, a new milestone in the virtual currency's latest comeback.
The price has more than tripled since hitting rock-bottom last December around $3,200. That was after crashing from an all-time high around $19,500 in December 2017.
As always, it's difficult to be sure what drives changes in Bitcoin's price. But one obvious candidate is Facebook's announcement of its own cryptocurrency, called Libra, earlier this week. Libra is a potential Bitcoin competitor, but the announcement also brings added legitimacy to the overall cryptocurrency market.
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Bitcoin Rises Above $10,000 for the First Time in a Year
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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
It's not reality that's important, but how you perceive things.
(Score: 0) by Anonymous Coward on Saturday June 22 2019, @12:45PM (9 children)
Only idiots would use bitcoin, it never even had a chance which is so obvious to anyone with a brain.
(Score: 2) by canopic jug on Saturday June 22 2019, @12:54PM (8 children)
More accurately, the experiment that Bitcoin is finished long before the time the public got wind of it. The way it is being used now does not make any more sense than the pogs craze a while back.
Money is not free speech. Elections should not be auctions.
(Score: 0) by Anonymous Coward on Saturday June 22 2019, @01:04PM (6 children)
Bitcoin is being used exactly as predicted by satoshi, so not sure what you are talking about. Go read bitcoin talk forum from 2009-2012, everything that is happening now was discussed and predicted from the beginning. The forks, the alt coins, the coming (again) high tx fees, the high price, everything. Bitcoin is designed to be digital money, not currency.
(Score: 0) by Anonymous Coward on Saturday June 22 2019, @02:43PM (5 children)
Satoshi predicted the drugs, passports and ransom economy?
(Score: 0) by Anonymous Coward on Saturday June 22 2019, @02:50PM (4 children)
No one needs to predict that black markets will use whatever type of money is available to them.
(Score: 0) by Anonymous Coward on Saturday June 22 2019, @02:54PM (3 children)
https://bitcointalk.org/index.php?topic=1790.msg28917#msg28917 [bitcointalk.org]
(Score: 0) by Anonymous Coward on Saturday June 22 2019, @05:44PM (2 children)
Sure. If I hold buttcoin, and someone is willing to give me cash for buttcoin, so he can buy CP, I can use the cash to buy gold. By transitivity I can be said to be buying gold for buttcoin.
Just that the person who is parting with something real and legal is going to do so for cash.
(Score: 0) by Anonymous Coward on Saturday June 22 2019, @06:11PM
Yea... As I sit on a couch bought with bitcoin and just wiped my ass with toilet paper bought with it and then washed my hands with soap I got for bitcoin too.
(Score: 0) by Anonymous Coward on Saturday June 22 2019, @06:15PM
Shit, I forgot. I even paid the next 5 months rent with bitcoin.
(Score: 0) by Anonymous Coward on Saturday June 22 2019, @04:03PM
I still have my pogs collection... Waiting for them to appreciate in value to pay for a new Lamborghini.