So what's the deal with Bitcoin lately?

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Dec 1, 2020
4:14:10pm

kccougar Truly Addicted User

So what's the deal with Bitcoin lately?

Why the sudden spike?

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kccougar

Bio page: kccougar
Joined: May 29, 2001
Last login: Apr 23, 2024
Total posts: 88,357 (15,029 FO)

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Messages

Author

Time

So what's the deal with Bitcoin lately?

kccougar Truly Addicted User

12/1/20 4:14pm

Have been wondering the same thing but have no idea.

lightmann

12/1/20 4:15pm

It's becoming more widely accepted and available and the devaluation of the dollar and fiat currencies is pushing it

cougsrule

12/1/20 4:17pm

But beware of twin peaks, a.k.a. double top.

roseyscenario

12/1/20 4:19pm

Don’t think it’s the same fundamentally from last time. Supply constrained

grosven

12/1/20 4:56pm

My point was technical, not fundamental. Clearly taking some work to break

roseyscenario

12/1/20 9:06pm

In get it, but there are major differences this time.

grosven

12/1/20 9:46pm

No difference. Technicals hit resistance. Media fabricates fundamental change

roseyscenario

12/2/20 10:53am

Did BTC get major institutional backing last time? Is demand not higher now?

grosven

12/2/20 11:03am

Same justifications made last time. Big people were involved.

roseyscenario

12/2/20 11:06am

Peace always. No worries. I think you're saying you disagree on these points?

grosven

12/2/20 12:33pm

If you are concerned with fiat money printing are you concerned by unbacked USDT

12/2/20 11:13am

It is crazy but quantum printing and ZIRP can't/won't stop anytime soon.

grosven

12/2/20 11:40am

USDT printing press

12/1/20 4:21pm

more that USDT is propping up the price

12/2/20 3:59pm

The subject of your post is much more amusing if read in a Jerry Seinfeld voice.

garyfan

12/1/20 4:23pm

And accurate.

kccougar

12/1/20 4:26pm

This post of mine from July has not aged well..

TheLost

12/1/20 4:38pm

Hedge funds and larger institutions are selling gold and buying bitcoin

PING Man

12/1/20 4:42pm

One more terrible thing 2020 is bringing us. It needs to die.

fbguru

12/1/20 5:02pm

bitcoin has been getting lots of good press lately

12/2/20 2:05pm

there's lots of reasons to hate bitcoin but it appears that

12/2/20 2:06pm

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