Inflation

@the-pickled-walrus said
It's fake money that disappears when people refuse to believe in it.
Invest but beware.

True of everything. When I get everybody to stop believing in the government they will just be a bunch of losers having a row in a nice building by the Thames, but it is beginning to feel too hard to stop everybody believing. Is it becoming the same for Bitcoin??

I don't know everything there is to know about crypto's but I think that people that buy into them are going to get burnt.

"Look! My money is growing exponentially". Uh huh.

@earl-of-trumps said
I don't know everything there is to know about crypto's but I think that people that buy into them are going to get burnt.

"Look! My money is growing exponentially". Uh huh.

Too good to be true!

@petewxyz said
True of everything. When I get everybody to stop believing in the government they will just be a bunch of losers having a row in a nice building by the Thames, but it is beginning to feel too hard to stop everybody believing. Is it becoming the same for Bitcoin??

Think about who they elected as POTUS.............People aren't all that bright!

-VR

I'll confess here & now, I see Max Keiser on RT News. Ex Wall Street guy. I take on board but for the past couple of years he's been banging on about it.

Comments above confirm my suspicions🚬 Edit, I'll take it to the debates....

@earl-of-trumps said
"Look! My money is growing exponentially". Uh huh.

1 bitcoin is worth ...

2010 about 1 cent in May
2011 $1
2012 steady growth and hits $13 in December
2013 volatile year valued at $500 - $1300
2014 more volatility $400 - $1000
2015 crash! $200 - $500
2016 topped at $780 in November
2017 growth year - December max ... $19,783 !!!
2018 finishes the year at $3,300
2019 by May was $8,000 doubling anyone's money who invested in January.
2020 currently 1 bitcoin = US$9,500

So a dollar 10 years ago would be worth a MILLION DOLLARS now.

@wolfgang59

Kinghell...

@hells-caretaker said
@wolfgang59

Kinghell...

Exactly.
But a dollar invested at the top in 2017 would be worth 50 cents now.

It's all about the timing.

I misconstrued the thread title. Nothing to do with air pressure in anything.

🙁

@great-big-stees said
I misconstrued the thread title. Nothing to do with air pressure in anything.

🙁

LOL@ gbs........there is some hot air flying around!

-VR