If Bitcoin was worth $1 each in 2011, why are they worth $12,000 each now?

joe sod

Registered User
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1,485
If you are worried about money printing by central banks around the world then invest in assets or buy gold. Why restrict yourself to bitcoin, even if you believe in it. That's the problem with bit coin enthusiasts, they can't see beyond bit coin, they are blinded by it. They bring in all this political stuff , they identify bit coin like its a designer label. I'm surprised I havn't seen any t shirts with "I love bitcoin" yet.
 

TheBigShort

Registered User
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2,789
"While the system works well enough for
most transactions, it still suffers from the inherent weaknesses of the trust based model.
Completely non-reversible transactions are not really possible, since financial institutions cannot
avoid mediating disputes."

- Bitcoin whitepaper.

Introductory post asked "whats changed", since bitcoin was $1 to $12,000.

Geopolitical events are a considerable factor in determining any investment strategy. Anyone who has a modicum of interest in worlds affairs may have noticed increasing levels of diplomatic tension between worlds leading economic and military powers. With each power making subtle and not-so subtle moves to protect their own vested interests.
The moves can, and do, have effects on the price of currency.
Those that see value in bitcoin can offset potential losses by adding bitcoin, or other cryptos to their portfolio.
 
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