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ASX edges higher as Aussie dollar remains near seven-months lows and Bitcoin passes $US100,000 — as it happened (www.abc.net.au)

submitted 2 weeks ago by Baku@aussie.zone to c/ausfinance@aussie.zone

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[–] trk@aussie.zone 4 points 2 weeks ago (14 children)

By God crypto is stupid

[–] Eyekaytee@aussie.zone 1 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

you can make money in a ponzi, just need to make sure you aren’t the last one buying the top… and with el salvador buying 1 per day https://bitcoin.gob.sv/ i’m not sure the end of the ponzi is even in view

[–] hanrahan 1 points 19 hours ago

And you notice how they are buying. They are not "buying" with seashells nor if they go to sell will they accept seashells.

They're just doing it in leiu of Gold, which is what Russia and China do.. Who do you think is buying our Gold? Albeit Gokd makes even less sense then bitcoin.

I own small amounts of Etherium and Ripple and have owned bitcoin in the past. I can see use cases for both but as Howard Marks suggests being far ahead of the curve is really no differnt to being wrong.

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