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Suddenly we are at $33k. 🥂

Bitcoin suddenly rockets past $34K as ETF excitement grows

https://cointelegraph.com/news/bitcoin-btc-price-breaks-34000-etf-excitement-grows

The price of Bitcoin suddenly spiked past $34,000 following a fresh wave of excitement over the potential approval of a spot Bitcoin ETF in the future.

Bitcoin suddenly rockets past $34K as ETF excitement grows

Is this a real bull run that will take us over $50k or just another pump and dump.

People I know I'm creating low effort posts, but I can't find any active Bitcoin community in Lemmy to follow and I refuse to go back to Reddit. So we need to f*** start somewhere.

7 comments

Nerrad

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All the sudden, #Bitcoin hits $42K.

over_clox

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I hate to be the grammar guy, but "all the sudden" sounds dumb AF, and is barely even recognized in grammar disputes. That phrase doesn't even come up in common questions about the phrases "All of a sudden" vs. "All of the sudden".

https://grammarbrain.com/all-of-the-sudden/

To avoid sounding stupid on any end of that dispute, I just use the word "Suddenly".

Anyways, back to your main question, why would you trust cryptocurrency at all?

https://web3isgoinggreat.com/

Pulsar

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Thank you for the grammar lesson, english is not my first language.

In reality I don't trust 99% of the cryptocurrencies or crypto projects since most of them are scams. But I do believe that Bitcoin will be a viable store of value and that Etherum innovation will be of utility at some point in the future.

wazoobonkerbrain

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Ethereum is the biggest scam of them all.

over_clox

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We already have digital currency for the longest time, credit and debit cards. And those have been scammed almost as long as they've existed.

What makes crypto immune to it in any way, when there's literally a website logging all the crypto scams for everyone to read?

wazoobonkerbrain

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The bitcoin protocol has never been hacked. Every bitcoin scam ever reported involved people entrusting their bitcoins to a third party. If you keep your keys safe, your bitcoin cannot be taken from you.

over_clox

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Exactly. You do realize quite a many scams are run via one form or another of 'social engineering' right? Bitcoin never needs to be hacked to hack into simple folk's brains.