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Showing posts with label Bitcoin. Show all posts
Showing posts with label Bitcoin. Show all posts

October 12, 2017

Bitcoin breaks $5,000

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  3. Bitcoin breaks $5,000
clearaflagrantj 12 hours ago#1
Currently $5,180, sky's the limit now boys
Ouned 12 hours ago#2
Inb4crash.
1337
ssj3vegeta_ 12 hours ago#3
clearaflagrantj 12 hours ago#4
Ouned posted...
Inb4crash.

clearaflagrantj 12 hours ago#5
$5220 now. 

Sell walls at 5K have been demolished, FOMO is real
Rika_Furude 11 hours ago#6
wtf it was like $2k a couple of weeks ago

every time i dont buy, it goes up

i can f***ing guarantee if i buy now, it will go down and stay down

or ill never be able to sell to anyonme
Darkman124 11 hours ago#7
Rika_Furude posted...
i can f***ing guarantee if i buy now, it will go down and stay down


that is how bubbles work, yes.
And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
StarsOfCCTV 11 hours ago#8
What instrument do I have to short this?
"What is any ocean but a multitude of droplets"
courier_nv 11 hours ago#9
and it will hit 50000 USD soon enough because we all know things grow exponentially forever
clearaflagrantj 10 hours ago#10
StarsOfCCTV posted...
What instrument do I have to short this?

Google bitcoin market sites, there are plenty.Darkman124 posted...
Rika_Furude posted...
i can f***ing guarantee if i buy now, it will go down and stay down


that is how bubbles work, yes.

The current market cap of all cryptos is about 0.160T. Gold's market cap is about 8T, the dot com bubble popped at 110T. Bitcoin hasn't even begun to peak. When nations and banks start scrambling to invest 100% into cryptos, that's when we'll be close. By then Bitcoin will be $1MM a coin. 

Cryptos are the new Internet and they're going to change the world. There's still plenty of time to be an early adopter.
(edited 10 hours ago)reportquote
clearaflagrantj 10 hours ago#11
courier_nv posted...
and it will hit 50000 USD soon enough because we all know things grow exponentially forever

Bitcoin would need a market cap of $700 billion to achieve that, I'd bet we crack that before 2020.
Balrog0 10 hours ago#12
I remember when they were $30, should have invested oh well
He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor.
courier_nv 10 hours ago#13
clearaflagrantj posted...
courier_nv posted...
and it will hit 50000 USD soon enough because we all know things grow exponentially forever

Bitcoin would need a market cap of $700 billion to achieve that, I'd bet we crack that before 2020.

oh god you're for real
MrSinclair 10 hours ago#14
It will come back down and settle around $4800.
I have 3 wonderful grandchildren!
courier_nv 10 hours ago#15
clearaflagrantj posted...
StarsOfCCTV posted...
What instrument do I have to short this?

Google bitcoin market sites, there are plenty.Darkman124 posted...
Rika_Furude posted...
i can f***ing guarantee if i buy now, it will go down and stay down


that is how bubbles work, yes.

The current market cap of all cryptos is about 0.160T. Gold's market cap is about 8T, the dot com bubble popped at 110T. Bitcoin hasn't even begun to peak. When nations and banks start scrambling to invest 100% into cryptos, that's when we'll be close. By then Bitcoin will be $1MM a coin. 

Cryptos are the new Internet and they're going to change the world. There's still plenty of time to be an early adopter.

in fact. just lol
BlazinBlue88 10 hours ago#16
Hmm...I sold most of my BTC for Ark so I could get all those staking profits.

Oh well...BTC will drop over the next couple days and I'll buy in again.
clearaflagrantj 10 hours ago#17
MrSinclair posted...
It will come back down and settle around $4800.

BlazinBlue88 posted...
Hmm...I sold most of my BTC for Ark so I could get all those staking profits.

Oh well...BTC will drop over the next couple days and I'll buy in again.

Disagree, $5,000 was a massive psychological sell wall, and now that it has been crushed I'd bet it becomes our new line of resistance. 

courier_nv posted...
oh god you're for real

In five years you'll be trying to buy Bitcoin and it will be $500,000 a coin and you'll be b****ing about how it's stupid and not fair. 

I bet plenty of people were claiming the Internet wouldn't be a big deal either.
Balrog0 posted...
I remember when they were $30, should have invested oh well


i remember when they were f***ing pennies

god dammit
mortimerjames 9 hours ago#19
new age pyramid scheme
Tell me the story about how people used to believe in the Bible - Future kid to their grandparents
Error1355 9 hours ago#20
AlternativeFAQS posted...
i remember when they were f***ing pennies
This life is just a game we play, that we can never win. 
But don't give up, no don't give up.
E32005 9 hours ago#21
pls 9 hours ago#22
mortimerjames posted...
new age pyramid scheme


Yep.
Asherlee10 9 hours ago#23
What caused the hike?
"Opinions should be a result of a thought, not a substitute for it."
CE convinced me to buy at $500

I told all of ky friends to buy at $1,500
#NotMyPresident #JusticeDemocrats #PathOfExile #WolfPAC #Bitcoin
#WeAre12 #12thMan #Seahawks #Belieber #UBI #PokemonGo #twitterfriends #MMA #PopularHashtags
Turbam 8 hours ago#25
Let's hope Litecoin gets there too
~snip (V)_(;,;)_(V) snip~
I'm just one man! Whoa! Well, I'm a one man band! http://i.imgur.com/p9Xvjvs.gif
emblem boy 8 hours ago#26
I've been buying more ethereum than BTC sadly
Posted with GameRaven 3.3
drunkmuggle 8 hours ago#27
should've have put have my btc into alt coins lol but I'm still up slightly. still this is pretty nuts
#28
(message deleted)
Well I bought ETH at $10 just January of this year, ETH is up 3000% since then
#NotMyPresident #JusticeDemocrats #PathOfExile #WolfPAC #Bitcoin
#WeAre12 #12thMan #Seahawks #Belieber #UBI #PokemonGo #twitterfriends #MMA #PopularHashtags
COVxy 8 hours ago#30
pls posted...
mortimerjames posted...
new age pyramid scheme


Yep.


Naw, that's closer to the people selling makeup over facebook live feeds (modern day cutco). This makes more sense to classify as a ponzi scheme.
=E[(x-E[x])(y-E[y])]
pls 8 hours ago#31
It's a bubble. There's no inherent value to those tokens. If you want to invest money, buy index funds or real estate.
clearaflagrantj 8 hours ago#32
Asherlee10 posted...
What caused the hike?

Drama over an upgrade to the btc code is fizzling away 

pls posted...
It's a bubble. There's no inherent value to those tokens. If you want to invest money, buy index funds or real estate.

This dude is literally calling btc a bubble then recommends REAL ESTATE. Jesus f***ing christ how are you actually this dense.
Don't act like index funds or real estate is any safer to invest in than Bitcoin, everything is backed by people's demands that's where value comes from. Plus you can do more with Bitcoin than just invest it is practical and for some people it's a store of value that helps combat crazy inflation happening in their country.
#NotMyPresident #JusticeDemocrats #PathOfExile #WolfPAC #Bitcoin
#WeAre12 #12thMan #Seahawks #Belieber #UBI #PokemonGo #twitterfriends #MMA #PopularHashtags
clearaflagrantj 8 hours ago#34
drunkmuggle posted...
should've have put have my btc into alt coins lol but I'm still up slightly. still this is pretty nuts

In the recent pump BTC gained from people shifting away from alt coins. Staying in btc was a smart move.
it literally has no use as an actual currency
Shenmue II = best game of all time
Shenmue = 2nd best game of all time
Balrog0 8 hours ago#36
Damn_Underscore posted...
it literally has no use as an actual currency


it does in some limited areas and places, but lots of people are speculating that countries are going to move to blockchain currencies in the next decade or so
He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor.
Balrog0 8 hours ago#37
singapore will be the first adopter from what i hear
He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor.
pls 8 hours ago#38
clearaflagrantj posted...
This dude is literally calling btc a bubble then recommends REAL ESTATE. Jesus f***ing christ how are you actually this dense.


Real estate can be in a bubble but the model isn't inherently a bubble.
courier_nv 7 hours ago#39
clearaflagrantj posted...
I bet plenty of people were claiming the Internet wouldn't be a big deal either.

people always under and overhyped new technology. doesn't change the fact that you are getting a bit overzealous here.
refmon 7 hours ago#40
Do I just invest 1k or what?
If you read this signature, then that meant that I had control of what you read for 5 SECONDS!!
pls 7 hours ago#41
courier_nv posted...
clearaflagrantj posted...
I bet plenty of people were claiming the Internet wouldn't be a big deal either.

people always under and overhyped new technology. doesn't change the fact that you are getting a bit overzealous here.


The internet had an obvious purpose. Cryptocurrencies don't.
pls posted...
Cryptocurrencies don't.


lol. Same as cash but digital, that's an obvious purpose.
"Tolerance of intolerance is cowardice." ~ Ayaan Hirsi Ali
mortimerjames 7 hours ago#43
at least the internet wasn't trying to devalue our money and bring down civilization as we know it

seriously whats gonna happen when bitcoin is trading for millions? thats what you guys want right?
Tell me the story about how people used to believe in the Bible - Future kid to their grandparents
clearaflagrantj 7 hours ago#44
We're about to cross $5,300.

mortimerjames posted...
at least the internet wasn't trying to devalue our money and bring down civilization as we know it

seriously whats gonna happen when bitcoin is trading for millions? thats what you guys want right?

No more f***ing government bailouts to companies, no more loaning out money made of thin air, this is a f***ing utopia in the making. A currency owned by the people, decentralized.
clearaflagrantj 7 hours ago#45
mortimerjames posted...
seriously whats gonna happen when bitcoin is trading for millions? thats what you guys want right?

Besides, there are 15.7 million millionaires in America alone. If each of Bitcoin's 21 million coins were worth a million, that would barely change the already glaring problem if wealth inequality.
qyll3 7 hours ago#46
Prediction: bitcoin hits $6500 before it crashes back down to sub-5000.
No sig here
Balrog0 7 hours ago#47
clearaflagrantj posted...
No more f***ing government bailouts to companies, no more loaning out money made of thin air, this is a f***ing utopia in the making. A currency owned by the people, decentralized.


man this seems incredibly idyllic
He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor.
BignutzisBack 7 hours ago#48
Can I buy a piece of a coin? Seems complicated to buy
clearaflagrantj 7 hours ago#49
BignutzisBack posted...
Can I buy a piece of a coin? Seems complicated to buy

Go to Coinbase.com 

Make an account 

Link your bank account or credit card

Buy any amount of BTC you want. You can buy a fraction (i.e. 0.01BTC for $53).

That's it
qyll3 7 hours ago#50
The problem is that most of bitcoin's (and other crypto) value comes from speculation. That's because a Pacman-shaped size of the pie of investors (including myself), treat bitcoin as a stock rather than a currency. The shift in perception of bitcoin from the former to the latter is required for its value to increase by an order of magnitude.
No sig here
(edited 7 hours ago)reportquote
  1. Boards
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  3. Bitcoin breaks $5,000
    1. Boards
    2. Current Events
    3. Bitcoin breaks $5,000
    BignutzisBack 7 hours ago#51
    clearaflagrantj posted...
    BignutzisBack posted...
    Can I buy a piece of a coin? Seems complicated to buy

    Go to Coinbase.com 

    Make an account 

    Link your bank account or credit card

    Buy any amount of BTC you want. You can buy a fraction (i.e. 0.01BTC for $53).

    That's it


    If I spend $106 what do you think it will br worth in 5 years?
    pls 6 hours ago#52
    Balrog0 posted...
    clearaflagrantj posted...
    No more f***ing government bailouts to companies, no more loaning out money made of thin air, this is a f***ing utopia in the making. A currency owned by the people, decentralized.


    man this seems incredibly idyllic


    It's the type of wishy-washy poppyc*** nonsense that cryptocurrency enthusiasts tell one another so that other people will keep buying and driving up the bubble.
    clearaflagrantj 6 hours ago#53
    BignutzisBack posted...
    clearaflagrantj posted...
    BignutzisBack posted...
    Can I buy a piece of a coin? Seems complicated to buy

    Go to Coinbase.com 

    Make an account 

    Link your bank account or credit card

    Buy any amount of BTC you want. You can buy a fraction (i.e. 0.01BTC for $53).

    That's it


    If I spend $106 what do you think it will br worth in 5 years?


    1BTC = $100K easily, that means $2,000 for you.
    clearaflagrantj posted...
    1BTC = $100K easily


    LOL
    "Tolerance of intolerance is cowardice." ~ Ayaan Hirsi Ali
    5 years ago a bitcoin bought you a pizza
    Today it buys you a car
    5 years from now it will buy you a house

    You really want to be scraping millionths of a bitcoin off the digital street and cursing your lack of foresight to buy when it was ‘only’ $5,000?
    pls 6 hours ago#56
    Bitcoin will never be $100k
    BignutzisBack 6 hours ago#57
    BignutzisBack 4 hours ago#58
    BlazinBlue88 4 hours ago#59
    BignutzisBack posted...
    How do I mine bitcoin?

    Not worth it. Go mine another coin.
    clearaflagrantj 3 hours ago#60
    BignutzisBack posted...
    How do I mine bitcoin?

    @clearaflagrantj

    Mining Btc is worthless because 1. You're competing with massive Chinese factories with specialized computers built specifically for mining, and 2. Your GPU will barely be able to offset the cost of electricity you'll ve using + wear and tear on your card. 

    As another poster said, mine something else. Vertcoin is a BTC clone that is meant to be mined by GPUs and it is gaining in popularity. I bought some, seems to be worth mining. 

    pls posted...
    Bitcoin will never be $100k


    Mind if I put you in my sig?
    metralo 3 hours ago#61
    bitcoin will soar into the millions. in as early as 5 years bitcoin will be the new standard.
    clearaflagrantj 3 hours ago#62
    metralo posted...
    bitcoin will soar into the millions. in as early as 5 years bitcoin will be the new standard.

    Hyperbitcoinization is a very real possibility 

    Especially if the world sees another '08 style financial crisis.
    BignutzisBack 2 hours ago#63
    @clearaflagrantj is it true that coinbase actually owns my bitcoin and that a "fork" could take it away?
    krazychao5 2 hours ago#64
    BignutzisBack posted...
    @clearaflagrantj is it true that coinbase actually owns my bitcoin and that a "fork" could take it away?

    No, they do not own it. A fork will create a new coin, and you should receive equal of the new coin as you have bitcoin.

    What's cool about bitcoin is that it has a set limit, unlike real currency, where the US can just keep printing money which results in devaluation of old currency. You can also take it offline, but that means you can lose it. The market cap of bitcoin isn't the true market cap because it is expected that 1-3 million bitcoin is lost forever.
    clearaflagrantj 1 hour ago#65
    krazychao5 posted...

    No, they do not own it. A fork will create a new coin, and you should receive equal of the new coin as you have bitcoin.

    This is not true, if your crypto is on an exchange, you do not physically own the coin, you do not have the private key. 

    For example, if you owned Bitcoin before the BCH fork, Coinbase did not give you your BCH yet (they plan to starting January 2018). They could have even kept it if they wanted to. Bittrex did not give out the airdrop of GAS for NEO owners and has no intention on doing so. 

    If your BTC is not on your hardware wallet, paper wallet, or phone/desktop/cold storage wallet, you do not own it. 

    As of right now Coinbase hasn't given a clear answer on whether they support B2X or not, so it's risky to leave your Bitcoin on their exchange. I would advise pulling all BTC off ASAP. 

    So to answer this question:

    BignutzisBack posted...
    @clearaflagrantj is it true that coinbase actually owns my bitcoin and that a "fork" could take it away?


    Nobody knows for sure yet. Right now BTC nodes are mostly signaling for BTC, yet most miners intend to mine B2X. Coinbase could potentially convert all BTC into B2X and call it "Bitcoin," and considering the confusion that might take place in a contentious fork, some people might get burned. 

    This is one of the many cases why you should be in control of your own private keys, pull your BTC off the exchanges.
    Smoke944 1 hour ago#66
    clearaflagrantj posted...
    We're about to cross $5,300.

    mortimerjames posted...
    at least the internet wasn't trying to devalue our money and bring down civilization as we know it

    seriously whats gonna happen when bitcoin is trading for millions? thats what you guys want right?

    No more f***ing government bailouts to companies, no more loaning out money made of thin air, this is a f***ing utopia in the making. A currency owned by the people, decentralized.


    Lmao
    I'm honestly surprised to see so many ignorant people. All it takes is some googling, geeze.

    If you don't think crypto has a future, you are, without a doubt, an idiot.
    emblem boy 1 hour ago#68
    Wait clear, how should I be pulling my stuff off coinbase?
    Posted with GameRaven 3.3
    clearaflagrantj 53 minutes ago#69
    emblem boy posted...
    Wait clear, how should I be pulling my stuff off coinbase?

    Ideally on a cold storage offline computer or a hardware wallet like a Trezor or Ledger Nano S

    You could put them all on a mobile wallet but it's not as safe.

    https://bitcoin.org/en/choose-your-wallet
    BignutzisBack 43 minutes ago#70
    do you know when the next fork will be? Is it safe to keep in coinbase until the fork approaches?
    MarqueeSeries 35 minutes ago#71
    is it worth buying from coinbase if there's a fork coming up? Is there a trusted exchange site that doesn't support forks?
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