Bitcoin Price History 8-7-24

Date       $Price

8-2-23    62,047

7-1-24    62,851

1-1-24   44,167

8-2-23   29,178  

https://finance.yahoo.com/quote/BTC-USD/history/ 

Bitcoin price is volatile.

Bitcoin Price per Year

Year       High      Low

2024    73,750   39,800

2023    42,500   16,000

2022    47,835   18,490

2021    68,789   29,976

2020   29,090     3,850

2019   13,017     3,401

2018   18,343    3,217

2017   19,892      784

2016        981      351

2015        465      172

2014         13          3

https://www.forbesindia.com/article/explainers/bitcoin-price-history/92523/1

Comments

Bitcoin is a volatile alternative to gold and silver investing. Bitcoin is subject to capital gains tax when sold or used to buy something. Bitcoin is vulnerable to being too volatile. It is not as traceable as cash and has been used to pay ransoms to hackers. Gold and silver move up when inflation soars. I never bought gold, silver or Bitcoin.

I used my 401K Plan and Self-Employed Pension Plan to save unneeded income and chose the Vanguard 500 Index to defer income taxes. I averaged 10% earnings from 1986 to 2017. I also used my tax status as a Sole Proprietor to maximize my Social Security Benefits. I paid and deducted 15% quarterly to defer income. I completed all of my own tax returns and didn’t use an Accountant or Financial Advisor. I chose to office at home and took a tax deduction rather than a rent payment.

Norb Leahy, Dunwoody GA Tea Party Leader