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Current Bitcoin Price
Friday, January 1, 2021
The 10 Most Important Cryptocurrencies Other Than Bitcoin
Along with it, it also has its unique cryptocurrency known as Ether. People mainly use it to develop applications and as a platform to buy other ...
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Travis Bott is Reshaping the Landscape of the Cryptocurrency Industry
Bott continues to implement prospering additions to his extensive cryptocurrency kingdom, as he has recently formed an unprecedented partnership ...
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Daily Discussion - January 2, 2021 (GMT+0)
Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.
Disclaimer:
Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.
Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.
Rules:
- All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
- Discussion topics must be related to cryptocurrency.
- Behave with civility and politeness. Do not use offensive, racist or homophobic language.
- Comments will be sorted by newest first.
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Submitted January 01, 2021 at 06:00PM by AutoModerator https://ift.tt/385Nold https://ift.tt/2Z7cX2s
My New Year's resolution? I will buy $1 of btc for every hour of 2021, $24 a day dollar cost averaging, $8760 total. Just letting y'all know before I run the price up too much. Are you planning to add more btc this year?
No text found
Submitted January 01, 2021 at 04:12PM by youseeberkeley https://ift.tt/3pHkZb2 https://ift.tt/2Z7cX2s
Submitted January 01, 2021 at 04:12PM by youseeberkeley https://ift.tt/3pHkZb2 https://ift.tt/2Z7cX2s
‘Noxious Poison’ – Bitcoin’s Market Cap Surpasses Warren Buffet’s Berkshire Hathaway Valuation
For many years, the business tycoon Warren Buffet has condemned bitcoin as an investment telling people that the crypto asset is nothing but gambling. Two years ago, just before a Berkshire Hathaway 2018 annual shareholder meeting, Buffet said bitcoin is “probably rat poison squared.” Despite the investor’s criticism, the crypto asset’s market capitalization has surpassed Buffet’s multinational conglomerate holding company, Berkshire Hathaway, in net value.
Bitcoin has a lot of haters, including people like Jamie Dimon, Peter Schiff, and Nouriel Roubini. In addition to these pundits, the American investor and chairman and CEO of Berkshire Hathaway, Warren Buffet, doesn’t like bitcoin either. For many years now, the executive who developed an interest in business and investing in his youth has disliked bitcoin (BTC) with a fervent passion. Two years ago, Buffet explained that purchasing the crypto asset is not an investment.
“You aren’t investing when you do that,” Buffett stressed in 2018 during an interview in reference to buying bitcoin. “You’re speculating. There’s nothing wrong with it. If you wanna gamble somebody else will come along and pay more money tomorrow, that’s one kind of game. That is not investing.”
Then during a discussion with CNBC’s Becky Quick, Buffet further explained that bitcoin is “probably rat poison squared.” Moreover, on Valentine’s Day 2018, Buffet’s partner and Berkshire Hathaway’s vice chairman, Charlie Munger, said he detested bitcoin. During the company’s annual shareholder meeting Munger said the crypto asset was “noxious poison” and “disgusting.”
“I never considered for one second, having anything to do with [bitcoin],” Munger insisted. “I detested it the minute it had been raised. The more popular it got, the more I hated it. It’s just disgusting that people have been taken in by this.”
Despite the bigwigs at Berkshire Hathaway hating on the crypto asset bitcoin (BTC), the digital currency has surpassed the multinational holding company’s net value according to statistics. Bitcoin’s value anywhere above the $29,300 per unit range gives BTC’s market valuation a whopping $544 billion, which is $1 billion above Berkshire Hathaway’s capitalization.
The next major company BTC needs to pass is Taiwan Semiconductor Manufacturing (TSMC), the largest semiconductor manufacturer in the world. Bitcoin has already surpassed the valuation of the major payments network Visa, which is valued at roughly $482 billion.
The conglomerate Berkshire Hathaway is basically a lot of companies as well, as the holdings firm wholly owns well known businesses like Dairy Queen, GEICO, Duracell, Pampered Chef, Fruit of the Loom, and more. Berkshire Hathaway also has significant minority holdings in Coca-Cola, Bank of America, Apple, and American Express.
Since Bitcoin’s launch on January 3, 2009, 12 years ago, the currency has grown immensely in value and traditional investment tycoons have had a difficult time processing why it has grown so valuable. Still to this day, people like Peter Schiff and Warren Buffet believe that bitcoin is nothing but a pyramid scheme.
“If you buy something like a farm, an apartment house, or an interest in a business,” Buffet once said. “You can do that on a private basis. And it’s a perfectly satisfactory investment. You look at the investment itself to deliver the return to you. Now, if you buy something like bitcoin or some cryptocurrency, you don’t really have anything that has produced anything. You’re just hoping the next guy pays more.”
What do you think about bitcoin surpassing the value of Berkshire Hathaway’s market capitalization? Let us know what you think in the comments section below.
The post ‘Noxious Poison’ – Bitcoin’s Market Cap Surpasses Warren Buffet’s Berkshire Hathaway Valuation appeared first on Bitcoin News.
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Bitcoin Losers (Classic)
In the decentralized anti-governmental world of bitcoin, you can't file a claim for damaged or lost currency. You've either got the key, or you don't. Syl ...
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$28 Million Maryland Ponzi Scam Offered Crypto Payout
Hash Power - Part 1
... that explores the world of blockchain and cryptocurrencies with leaders in the field like Naval Ravikant, Olaf Carlson-Wee, Fred Ehrsam, & Ari Paul.
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Billionaire Chamath Palihapitiya Says He Will 'Buy the Hamptons' When Bitcoin Hits $150000
During the 2017 Bitcoin rally, Palihapitiya predicted the price of the leading cryptocurrency would reach six-figure levels in less than half a decade and ...
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I just think it’s funny
that when XRP got delisted from some exchanges everyone in here loved it. And now when their precious privacy coins start getting delisted all of a sudden they are angry?
I wouldn’t be suprised if Tether is up next. The SEC case with Ripple is important for every coin in the crypto space. We should all be supporting each other instead of hating on different coins.
I’ll probably get a few downvotes for this. But these are just my two cents.
Have a good one chaps
Submitted January 01, 2021 at 03:53PM by d4nkm3m3rs https://ift.tt/3hGtUH1 https://ift.tt/2Z7cX2s
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Bitcoin maximalism has won
Let's not be delusional. I know that Bitcoin maxis are commonly ostracized as too toxic, but they have been right about everything.
1) Bitcoin's dominance is at its early 2017 levels, and it keeps surging.
2) Bitcoin Cash and Bitcoin SV are dead. Craig Wright and Jihan Wu are over.
3) DeFi was a fad that lasted even shorter than the ICO craze.
4) XRP has always been a scam. Bitcoin maximalists have always been parroting about it, but very few took them seriously until the SEC lawsuit.
5) The S2F model, which was laughed off as tin-foil-hat nonsense, has been extremely accurate so far.
6) Institutions don't care about altcoins.
Submitted January 01, 2021 at 03:40PM by CapitalString https://ift.tt/3aUsI1s https://ift.tt/2Z7cX2s
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Bitcoin Losers (Classic)
In the decentralized anti-governmental world of bitcoin, you can't file a claim for damaged or lost currency. You've either got the key, or you don't. Syl ...
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$28 Million Maryland Ponzi Scam Offered Crypto Payout
The perpetrators posed as pastors and promised returns on cryptocurrency and foreign exchange investments. There have been several similar crypto ...
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Hash Power - Part 1
... that explores the world of blockchain and cryptocurrencies with leaders in the field like Naval Ravikant, Olaf Carlson-Wee, Fred Ehrsam, & Ari Paul.
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Billionaire Chamath Palihapitiya Says He Will 'Buy the Hamptons' When Bitcoin Hits $150000
During the 2017 Bitcoin rally, Palihapitiya predicted the price of the leading cryptocurrency would reach six-figure levels in less than half a decade and ...
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I just think it’s funny
that when XRP got delisted from some exchanges everyone in here loved it. And now when their precious privacy coins start getting delisted all of a sudden they are angry?
I wouldn’t be suprised if Tether is up next. The SEC case with Ripple is important for every coin in the crypto space. We should all be supporting each other instead of hating on different coins.
I’ll probably get a few downvotes for this. But these are just my two cents.
Have a good one chaps
Submitted January 01, 2021 at 03:53PM by d4nkm3m3rs https://ift.tt/3hGtUH1 https://ift.tt/2Z7cX2s
Bitcoin maximalism has won
Let's not be delusional. I know that Bitcoin maxis are commonly ostracized as too toxic, but they have been right about everything.
1) Bitcoin's dominance is at its early 2017 levels, and it keeps surging.
2) Bitcoin Cash and Bitcoin SV are dead. Craig Wright and Jihan Wu are over.
3) DeFi was a fad that lasted even shorter than the ICO craze.
4) XRP has always been a scam. Bitcoin maximalists have always been parroting about it, but very few took them seriously until the SEC lawsuit.
5) The S2F model, which was laughed off as tin-foil-hat nonsense, has been extremely accurate so far.
6) Institutions don't care about altcoins.
Submitted January 01, 2021 at 03:40PM by CapitalString https://ift.tt/3aUsI1s https://ift.tt/2Z7cX2s
Thursday, December 31, 2020
Japanese Tech Giant Earns Crypto License in New York for Yen-Pegged Stablecoin
GMO also says it has developed strategic partnerships with cryptocurrency exchange platforms that have a global reach to launch the assets.
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Maria Bartiromo
Cryptocurrencies will change the monetary system: Bitcoin Foundation chairman https://ift.tt/3rCPCjI Mornings with Maria FOX Business || On ...
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