The Bitcoin/Crypto Thread
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Bitcoin has plummeted sharply amid fears U.S involvement in the Israel-Iran conflict could escalate into a wider regional war (adding to volatility expected from an imminent Federal Reserve earthquake).
The bitcoin price, after shrugging off the initial exchange of fire between Israel and Iran, has crashed under $100,000 per bitcoin despite U.S. president Donald Trump confirming a "massive" game-changer this week. Ethereum, XRP and other major cryptocurrencies have also plummeted, wiping $250 billion from the combined market in just 24 hours.
My question - who cares? Unless you have a high amount invested in bitcoin, does it really matter? If it drops to lets say, USD $10000, will it have any effect on the world economy? For me, I dont think so.
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Bitcoin above $114,000 today. I haven't checked my coinbase balance in a while (it'll be something I check in the 2030s and then maybe cash out) but checked today.... nothing crazy but since 2021 I'm up like 230%. Not too bad. I'm still waiting for SHIBU to go to the moon so I can retire early with @mark
