Why is bitcoin rising reddit

Why is bitcoin rising reddit

Bitcoin’s big surge: what’s behind cryptocurrency’s 2021 rise

Early last month, a user with the username TSLAinsider posted in the bitcoin subreddit, “I am a software dev working at R&D at Tesla in California, and over the past 72 hours our company bought 24701 BTC at an average price of 33142$.”
The user’s identity, whether the user is a Tesla employee, or whether the post was changed from the original could not be verified by the Reuters news agency. TSLAinsider did not respond to a message sent to him right away. Tesla’s press office did not respond to an email sent to it right away.
After a wave of retail buying helped fuel wild rides in shares of GameStop and other so-called meme stocks, the power of social media users on platforms like Reddit’s WallStreetBets to join together and drive prices has come into focus in recent weeks.
Last week, US Treasury Secretary Janet Yellen promised to protect investors, but said that before taking any steps, financial market regulators needed to fully appreciate the recent trading frenzy involving GameStop Corp and other retail stocks.
The tipper may benefit from a grey area in supervision and compliance since the US Securities and Exchange Commission (SEC) does not classify bitcoin as a security, according to one expert.

Lindsey bell on silver’s rise as reddit traders try their next

The value of Dogecoin, a cryptocurrency that was created as a joke, soared on Thursday as Reddit traders sought to replicate the massive stock gains in heavily shorted companies like GameStop, Blockbuster, and AMC.
Reddit users on the r/CryptoCurrency and r/SatoshiStreetBets subreddits praised the efforts of r/WallStreetBets to squeeze out Wall Street shops from heavily shorted stocks and urged people to invest in Dogecoin.
Many people are doing so enthusiastically, with one thread titled “Dogecoin is the next GME/Bitcoin” (GME stands for GameStop Corp.) claiming that bringing Dogecoin to $1 a coin (it’s currently around $0.01) will be “an amazing accomplishment” that would “absolutely transform the crypto industry… Dogecoin to the moon.”
Thousands of at-home traders, many of whom get their information from Reddit forums, are pouring money into a number of heavily shorted and hated stocks in an attempt to drive out and penalize Wall Street heavyweights. Blockbuster, GameStop, BlackBerry, and AMC are only a few examples of meme businesses that have gone bankrupt. Officials are concerned about the volatile and unpredictable markets, and White House Press Secretary Jan Psaki said the Treasury Department is “monitoring” the trading. “However, it’s a good reminder that the stock market isn’t the only indicator of the economy’s wellbeing,” Psaki said.

How reddit traders drove gamestop stock up 275% in a week

I tested bitcoin at random, without any news about an increase in bitcoin price to encourage me, and found that the value of my bitcoin had doubled. What the heck happened right now? Is it still going on right now? Are there any obvious explanations for this? I haven’t seen it mentioned in any news cycle, so I don’t believe that’s what’s behind it. There have been 11 views. 75 percentsharesavehidereport Log in or create an account to leave a message. Please log in. Create an account Sort by the strongest. See what’s going on in 1 other culture.

What’s happening with bitcoin?

The only thing that matters is where you pay your taxes. Submissions that are primarily about another cryptocurrency are acceptable. I believe you’d prefer to do it from the comfort of your own home, particularly now that BTC is such a large number. A large portion of the population is unbanked. You can rule hell all you want, but I’d rather go where I’d be treated the best. The FBI and Europol refused to comment on how difficult it is to monitor the movement of privacy-oriented cryptocurrencies such as monero. The man stated clearly how much he was willing to pay to turn his bitcoin into the bancor crypto nbt cryptocurrency currency. The bitcoin con succeeded almost perfectly. I’ll do some research on those. Some of these people, jeez, at may easily mean for in this sense, but hopefully it’s not the case. The man is one of an increasing number of dark web vendors — people who use anonymous networks to sell drugs, counterfeit currency, and malware — who are having trouble converting bitcoins into real money. Sounds like elitist banker nonsense to me. The DEA and the Bitcoin still rising cashing out bitcoins reddit have both declined to comment about how they are coping with criminals’ current use of cryptocurrencies. That’s what there is to it. Never, ever, ever, ever, ever, ever, ever, ever, ever, ever Obviously, if you take a milli, you’ll have to pay tax on it.

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