Thursday, December 5th 2024
Bitcoin Price Reaches 100,000 US Dollars Per Coin, New All-Time High
The price of a single Bitcoin has officially passed 100,000 US Dollar, making it a new record for the first implementation of digital cryptocurrency. The surge above 100,000 US Dollars comes a few hours after Jerome Powell, Chair of the Federal Reserve of the United States, made comments that "people use Bitcoin as a speculative asset. It's like gold, it's just like gold—only it's virtual, it's digital." At the time of writing, the price of Bitcoin is equivalent to 102,725 US Dollars, with market capitalization of 2.04 trillion US Dollars. Interestingly, at an all time high range, Bitcoin managed to hit the $103,587 point, which is a bit higher than the current price.
At TechPowerUp, we made numerous posts about Bitcoin, and we recall celebrating its jump to $20,000 in 2020. Today's pricing makes it hard to believe just how far the cryptocurrency has managed to go, with large institutions launching their own crypto-tracking ETFs.
At TechPowerUp, we made numerous posts about Bitcoin, and we recall celebrating its jump to $20,000 in 2020. Today's pricing makes it hard to believe just how far the cryptocurrency has managed to go, with large institutions launching their own crypto-tracking ETFs.
39 Comments on Bitcoin Price Reaches 100,000 US Dollars Per Coin, New All-Time High
The average person gets poorer while everything else gets more expensive, I believe people like to call this scam "inflation", salaries are rarely adjusted to compensate for it. If you were compensated for it, as you should be, then the question becomes, why it needs to be there to start with? Answer: It's a tool to make some obscenely rich while making the rest nothing more than a slave, a debt slave and in debt you will always be, and you will have to serve to live.
This is the way out.
Though, I like to use HBAR & XRP to move funds around, it's instantaneous, Bitcoin being the digital gold to store ones wealth safely.
What you are speaking of is the human condition, intent, and morality needs to changed. Unfortunately, that will probably never happen, as people are too easily manipulated.
Also, moving money from my bank to takes 3 days, and I prefer it this way for security reasons. I get notifications, etc. Less chance of someone being able to steal my money if it takes time to move it around.
No, you own some stock, even then, we don't know how much gold and silver is left undiscovered on earth. I could hit a gold vein in my yard today (and die) that would increase the supply, which makes the value go down, or an asteroid impacts the pacific and is made out of pure gold, so we don't really know how much is left.
The price of Bitcoin will only go up and if people need to spend or have an emergency fund, they will actually have something of value, not some idiotic paper money that loses value daily.
FIAT will always inflate, money printer go brrrrrrrrrrr, day and night, and they do so love to spend the money you save (go see what banks actually do with your savings) and when they screw up, they just switch on the printer (muh inflation), while if you did the same, you would be in jail. This means by the time you retire, what you saved over your lifetime, it will be worthless.
The thing that worries me the most these days, is that these "people" have their fingers in the crypto pie too and they will manipulate markets, as they always have, but here, the little guy can actually make something for himself.
As for gold & silver, they are rare only, they don't have a fixed supply like Bitcoin.
Mining rewards miners with BTC, you won't always get BTC if you mine on your own, you need to very lucky to be rewarded with BTC, lottery luck, this is why most mine in a pool (other BTC miners using their computing power together in the hopes of BTC reward) these miners are scattered across the globe, so that it's decentralized, this helps keep the network safe.
That's where you're wrong IMO, the so-called whales still control the vast majority of cryptocurrencies! But what are you mining? With gold, you know it's a physical thing that actually holds value as a noble metal. I do agree that the current monetary systems across the globe are vastly corrupted/inadequate for the needs of most of us, atm BTC isn't a solution!
On the plus side, as the value of BTC increases, it's much harder to cause rug-pulls, less slippage, but anyway, to each his own, I am not telling you to buy any, all I can say is, with patience, your money increases in value over time, as mine has, unlike with FIAT currency.
If one business uses Bitcoin, and another, and customer uses it, and agree on a price, they can never remove that way of payment. They only thing they can do is prevent you from moving it INTO FIAT, but their greed got the best of them, as they want to TAX your gains.
Anyways, 14 years, is not "A quick buck" nor is it "lucky" those people saw a little further into the future than the average person, and were rewarded for their trouble. I see Bitcoin going over a million one day.
Yes, but then they'd be targeting just you, not an entire set of protesters. Ok, so for instance, BTC is worth 100k today. I agree to buy goods worth one BTC, but delivery isn't till next week. Then it goes down to 50k; do I pay the seller one BTC or two, and if just one, would he agree to that? The contract includes the clause for payment only after goods are received; there's no force majeure covering BTC's fluctuating value. So again, what's the point of BTC? You started with this thing called inflation—it has literally nothing to do with that, & BTC/FIAT or not, demand & supply of goods/services determines that. You're mixing a lot of concepts & lots of offshoots into something that makes little sense, i.e., defending crypto!
If you were looking for a fair(er) monetary/financial system crypto would be quite literally 180° from that. But you've also made it clear now that you're not looking for that :ohwell:
allmost of their jobs overseas? And what happens if that price differential vaporizes overnight? If you understand economics even at an undergrad level, you would know how removing/usurping the current global financial system isn't as easy as replacing them with crypto! That's BS, and you know it! You're telling me a famine in my state/country didn't cause the prices of tomatoes/onions to shoot up, but printing more rupees did, really :wtf:It seems a lot of you just watch too much of that clown Jim Cramer or someone else on YT(?) o_O
A famine at your town is a local event that does little to nothing to the prices. You think global food production is down compared to 2000? Or that demand is higher than the increase in production? Cause I can tell you that food nowadays is ~up to 10x more expensive than it was 20 years ago.
Inflation is, thinking that if you start saving money now you can have your own house in 15 years only to find out that now, 15 years later, you did save the amount you needed but the houses are 5 times more expensive. That's what you can achieve by storing money into something that isn't going to deflate (ie. BTC / GOLD etc.)
No idea who that is, I'm not watching anything crypto related on YouTube (or any other platform).