Bitcoin rallies $1,200 this morning. Sits at $20,600

**Ethereal** · 02-19-2021, 11:22 AM

Originally Posted by carolina73

But it is like collecting Beanie Babies. Worth nothing and when the fascination dies then the value does as well.
Investors would be better served with a Sociology degree instead of a business degree.

People have been saying this about Bitcoin for years.

**Cotton1** · 02-19-2021, 11:26 AM

1 Bitcoin equals
$54,000.00 United States Dollar

**Cotton1** · 02-19-2021, 01:52 PM

1 Bitcoin equals
$55,000.00 United States Dollar

**carolina73** · 02-19-2021, 02:03 PM

Originally Posted by Ethereal

People have been saying this about Bitcoin for years.

I was right about AOL not being worth a crap. I was just wrong that everyone else would get rich for 7 years before I was right.

**Cotton1** · 02-19-2021, 02:13 PM

Originally Posted by carolina73

I was right about AOL not being worth a crap. I was just wrong that everyone else would get rich for 7 years before I was right.

**Ethereal** · 02-19-2021, 02:17 PM

Originally Posted by carolina73

I was right about AOL not being worth a crap. I was just wrong that everyone else would get rich for 7 years before I was right.

Well, Verizon bought AOL for $4.4 billion in 2015, so clearly it's worth something to somebody.

At any rate, even though AOL eventually declined, the demand for the underlying goods and services that companies like AOL provided increased exponentially. So unless you think digital currencies as a concept are doomed, then I'm not sure why you're so convinced that Bitcoin will fade into obscurity. It just sounds like the same argument that people have been making since Bitcoin first emerged. And the idea that people will lose faith in Bitcoin just isn't supported by the evidence. If anything, faith in Bitcoin has only grown over time. I think it's probably overvalued at the moment, although that is even debatable. The USD denominated market cap for Bitcoin is somewhere around $1 trillion. That's actually not that large when you consider that Bitcoin is the global standard for digital currency.

**Cotton1** · 02-19-2021, 08:03 PM

1 Bitcoin equals
$56,254.10 United States Dollar

**Cotton1** · 02-21-2021, 02:23 PM

1 Bitcoin equals
$58,152.70 United States Dollar

**Cotton1** · 03-13-2021, 10:59 AM

1 Bitcoin equals
$59,594.70 United States Dollar

**Cotton1** · 03-13-2021, 12:48 PM

1 Bitcoin equals
$60,044.80 United States Dollar

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