Hard to believe Bitcoin is so expensive now / myLot

Guangzhou, China

March 29, 2022 2:00am CST

I remember in the past when Bitcoin was up to USD10,000, I already found it very crazy. But today its price is already over USD47,600 and this is quite unbelievable. This is still very risk to invest to it in my opinion. I am not sure, but it seems that here our banks won't deal with Bitcoins. I even wonder whether it is legal here.

9 people like this

9 responses

Anna

@LadyDuck (471968)

• Switzerland

29 Mar 22

You are right, it is a very risky investment. Imagine if all countries should decide to make it illegal, it would drop to zero and people lose everything they invested.

8 people like this

Erly Maglangit

@cacay1 (83577)

• Cagayan De Oro, Philippines

29 Mar 22

@LadyDuck

it's risky.

4 people like this

youless

@youless (112562)

• Guangzhou, China

29 Mar 22

Besides today there are new cryptocurrencies and it is also a kind of risk because of the competions.

5 people like this

Anna

@LadyDuck (471968)

• Switzerland

29 Mar 22

@youless Exactly and I know that several countries are planning to issue their crypto currency and regulate the market.

3 people like this

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Arunima Singh

@arunima25 (87855)

• Bangalore, India

29 Mar 22

I am not very clear about Bitcoin or any cryptocurrency. I have kept myself away from them so far and I would not get into them unless they make sense to me. Their future and status is still not clear in my country.

4 people like this

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youless

@youless (112562)

• Guangzhou, China

29 Mar 22

I also don't know this kind of currency well. If it is stored in a hard disk, why if the hard disk doesn't work? I can't imagine it.

4 people like this

Erly Maglangit

@cacay1 (83577)

• Cagayan De Oro, Philippines

29 Mar 22

@arunima25, it's not yet adopted worldwide.

4 people like this

Arunima Singh

@arunima25 (87855)

• Bangalore, India

30 Mar 22

@cacay1 Yes, it's legal status is still in doldrums in my country. Though the government has come up with taxation on crypto gains, it's clear that they have not legalised it.

2 people like this

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changjiangzhibin89

@changjiangzhibin89 (16784)

• China

29 Mar 22

Bitcoin is completely new to me.

4 people like this

youless

@youless (112562)

• Guangzhou, China

29 Mar 22

It is new to me, too

3 people like this

Judy Story

@jstory07 (139761)

• Roseburg, Oregon

29 Mar 22

I want nothing to do with Bitcoins.

3 people like this

youless

@youless (112562)

• Guangzhou, China

29 Mar 22

Bitcoin's up and down has nothing to do with me anyway.

2 people like this

Erly Maglangit

@cacay1 (83577)

• Cagayan De Oro, Philippines

29 Mar 22

That's a big challenge dunno in my country maybe only the elites.

2 people like this

youless

@youless (112562)

• Guangzhou, China

29 Mar 22

It is OK for the riches to invest to it. After all, they have enough money and shall think a good way to spend the money

2 people like this

Erly Maglangit

@cacay1 (83577)

• Cagayan De Oro, Philippines

29 Mar 22

@youless

1 person likes this

ihasaquestion

@ihasaquestion (8275)

•

29 Mar 22

It's kinda giving mixed messages for me so Bitcoin still feels like an unknown mystery for now.

3 people like this

youless

@youless (112562)

• Guangzhou, China

29 Mar 22

Its price is just crazy high.

2 people like this

ihasaquestion

@ihasaquestion (8275)

•

29 Mar 22

@youless Ya.

3 people like this

Artemeis

@artemeis (4194)

• China

29 Mar 22

Cryptocurrency is quite a hot topic these days and yes it has grown because of the heavy demands in the Ukraine where due to the war the demand of cryptocurrency is much more desirable for trade nowadays

1 person likes this

youless

@youless (112562)

• Guangzhou, China

30 Mar 22

Russia also needs it.

1 person likes this