Cryptocurrency

[AtW]

What on earth is going on this week then? Logged into Kraken to find I've doubled in a week... Ripple up more like 400%. Shame I only put in a grand to test it now!

They are baiting mugs to put more real money in, that’s what’s happening

[_V_]

They are baiting mugs to put more real money in, that’s what’s happening

https://www.independent.co.uk/life-s...-b1842298.html

Price is going up 100000000000000000000000000000000000000%, so this is just noise.

EVERYONE WILL BE BILLIONAIRE'S!!!!!!

[_V_]

What on earth is going on this week then? Logged into Kraken to find I've doubled in a week... Ripple up more like 400%. Shame I only put in a grand to test it now!

I read a story some young guy at college chucked some money into the joke crypto Doge and then checked his account he's a millionaire.

Now the question is, sell now or wait until billionaire levels of wealth?

[_V_]

Something to consider with the cryptoverse.

How much "excess" money is there looking for a quick profit? Well, turns out, people aren't exactly hard up, especially in the USA due to all this free "stimulus" money.

https://edition.cnn.com/2021/04/19/b...oom/index.html

Consumers have $5.4 trillion in excess savings. That could unleash a global spending boom

Some of that is going to end up in these crypto tulipcoins, and the profits made will be staggering on the up.

[AtW]

IRS Now Seeks Identities of American Cryptocurrency Traders

IRS wants to tax owners of cryptocurrency.

https://www.tomshardware.com/uk/news...rrency-traders

[_V_]

IRS Now Seeks Identities of American Cryptocurrency Traders

IRS wants to tax owners of cryptocurrency.

https://www.tomshardware.com/uk/news...rrency-traders

Damn those tax peoples.

[lecyclist]

Getting those vibes.

[Whorty]

Here's a question ... is there enough money to cover the 'value' of crypto coins? Or is their 'value' still tiny in the grand scheme of things?

I find it ironic that this new money is valued in dollars

[DealorNoDeal]

Here's a question ... is there enough money to cover the 'value' of crypto coins? Or is their 'value' still tiny in the grand scheme of things?

I find it ironic that this new money is valued in dollars

The current total market capitalization of crypto is over $2 trillion, of which bitcoin accounts for about half ($1 trillion).

If it was go up another 10-fold, it would equal US GDP ($20 trillion). If it went up 20-fold, it would equal the size of the entire US stock market ($40 trillion).

If it keeps sucking in more and more capital, Governments and central banks around the world may start to view it as a threat to the financial system.

[Whorty]

The current total market capitalization of crypto is over $2 trillion, of which bitcoin accounts for about half ($1 trillion).

If it was go up another 10-fold, it would equal US GDP ($20 trillion). If it went up 20-fold, it would equal the size of the entire US stock market ($40 trillion).

If it keeps sucking in more and more capital, Governments and central banks around the world may start to view it as a threat to the financial system.

Interesting. Thanks.