Oh shit, we might really really really be going to moon:
Cant even purchase bitcoin with Coinbase
I think they ran out of Bitcoins
Bastard bears are dead ! Hello, bovine friend! Have you locked in some profit$? This time it'll be different.™  Yes, in theory, it is good to lock in profits at various points, especially when we have decent upwards price movements. nonetheless, we gotta be careful not to lock in too many profits, especially when there is likely going to be a lot more upwards price movement. Each of us needs to assess our own risks and viewpoints regarding how much profits to take and whether to hold those for reinvestment.. Tentatively, at this time, I am thinking for myself that I am going to continue to reinvest until about $2k... but I am not for sure, because we have to see how all of this plays out. Nonetheless, I do feel a lot better to cash out a little bit all the way up for example in the past few months from $403 to $538... .. there were a lot of dips in there, and it was really helpful to have a bit more capacity to buy on dips, merely because I had been cashing out a little bit all along the upwards price movement. Accordingly, my quantity of BTC went up about 5% (go figure? even while the price is going up, I end up having 5% more BTC) and my cash holdings went up a similar amount, and my cost per BTC went down (which is all part of the calculation of the other two of having more BTC and more fiat)... The whole assessment of where my BTC portfolio stands at any given moment remains a bit of a moving target, but it does seem to work out pretty well with this BTC price volatility to cash out small amounts while the price is going up, even if in the end it is fairly likely that a person is not going to be able to time the exact tops, bottoms and/or price direction reversals with any kind of precision (so then some luck comes into play, too). |
|
|
|
Hahahahaha That will be interesting to see how that plays out for the Ethereum folks... You know I have no problem with Ethereum adding value to the crypto space; however, it can be a little bit irritating for some subsects of the ETH space that attempt to engage in passive aggressive competition with bitcoin.. and little sly assessments and approaches to denigrate bitcoin.. while overhyping what it is that the scammy vapor (ahead of its time) that they are offering. |
|
|
|
I just think this is absolutely insane and completely unprecedented, considering Bitcoin is up something like $100 over the course of three days, this is probably going to end up being the second biggest upward trend in Bitcoin's history as of this far, dwarfed only by the rise back in 2013.
If the momentum keeps going like this, we might see over $650 before the halving, and, depending on how the market decides it wants to move, it might break $800. I'm quite hyped up for the next few weeks.
Are you like a bear in bull's cloths? Your comment is a bit backasswards in it's depiction of bitcoin's history, or maybe you are merely narrowing in on the past several months, rather than looking back in more detail? 20 or 25% in one or two days is nothing... why don't you zoom out a bit... On the other hand, if you are attempting to limit to post 2013, then you may be closer to correct - even though going from $320 to $502 was fairly significant (more than 50%) increase in a short period of time See this chart: http://bitcoincharts.com/charts/bitstampUSD#rg60zig5-minzczsg2015-11-1zeg2015-11-4ztgMzm1g10zm2g25zv |
|
|
|
Bitcoin is going even higher, another green dragon! All that fresh FOMO fiat inc this week with the media going frenzy about this nice price increase   this gif is a classic..., and very fitting for the current situation (our recent past and our near term future) |
|
|
|
I was saving a folder full of gif's for these kind of days for 2 years... and then I got a new computer last month. >.<
Hope you didn't leave your bitcoin wallet on that other computer too, otherwise, gonna have to do a dump yard search for it, with your 1 bitcoin worth millions.   |
|
|
|
520 Is the new bottom. This is going to be good.
Hahahaha Spoke too soon... I hope we will stay above $500..... but you know with the various price actions of the past few days, shows that we are on the precipice of a price explosion... and that is upwards... .. what do we call it? a crash, upwards? hang on boys and girls.... the toothpaste is out of the tube, and it has become quite difficult for bears, corporate shills, etc to convincingly persuade peeps to sell their coins.... yeah, some weak and uninformed hands are going to be cashing out of their BTC and scared that we are not going up beyond our current price point, but that is just part of the process of not really having confidence in the uniqueness of BTC compared to other investments and compared with other cryptos. and likely we are on the precipice of witnessing some additional coin hoardage... - maybe we are going to get stuck under $750 or so before we really witness the drying up of sellers? I would not be surprised to see some kind of initial upward price upwards here. I cannot really seeing us get to $3k to $5k in this current wave... So maybe this wave will bring us to the mid to upper $600s (and possibly in a better case scenario nearlng $800). Then maybe a period of time between $550 and $700 - before getting our next wave into the $3 to $5k price range... it is beginning to look possible for 2016, but maybe the second wave could go into 2017 (early?? maybe?) It's looking good boys and girls. Yeah, we are going to get some corrections here and there, but good luck bears, shills, etc in getting us below $450 for any significant period of time beyond some major coin holder dumping a lot of coins (and maybe coupled with some convincing FUCD spreading). |
|
|
|
There is something to be said about enjoying the journey for sure! It is so weird waking up day after day to amazing growth. We are still so new to this it is almost shocking. I keep thinking and waiting for this huge crash back to reality but then we had this supposed "crash" this week and we are still well above our initial investment.
We are relatively late to this too. I can only imagine what it is like for some of you that bought coins in the $1-$10 range and held until now. Crazy.
But part of the fun of all of this is the anticipation for sure. Even if Bitcoin does not reach the super high milestones predicted by some, it has been way too much fun so far! Almost addicting really. I might need some therapy here soon.
most of those people have sold at least some of their coins by now. yeah there might be a handful of people who still hold a few 1000 coins, but those are really rare. ow do you prove that is so rare? Bitcoin used to sell in public for as low as $0.003/btc (yes ~one third of a penny per BTC), so you could mine/buy many thousands and (after losing/giving away over half) still easily have more than several thousand left. Accept and worship your elite Bitcoin overlords. well, for one, there are only 15 million bitcoin in circulation, so at most 15000 people can possibly even own 1000 coins. but there's also a website that tracks all bitcoin wallets (note how all transactions are on the blockchain, so it's easy to watch all wallets and see how much is in each wallet) and makes a rich list, knd of like the Quote 500, but more accurate. Here's an overview of people above a certain threshold amount of bitcoin. 1BTC: 465,992
10BTC: 125,460
100BTC: 12,907
1,000BTC: 1,585
10,000BTC: 110
100,000BTC: 3
Total(>0BTC): 7,250,077 as you can see, there's only 1500 wallets with more than 1000 bitcoin in them. There's about 13000 wallets with more than 100 bitcoin in them For the record, there are about 11 million millionares in the US alone. There are about 1800 billionaires in the world. So, even if 1 bitcoin would become $1,000,000 then it would not create "too many billionaires." In fact, the wealth distribution would be similar to how it is now if bitcoin would be $1,000,000 which only further supports the assumption that bitcoin still has plenty of room to grow. Also since there's only about 7 million non-empty wallets (and many people use more than 1 wallet) not even 1 in a 1000 people even owns a fraction of a bitcoin. And not even 1 in 10,000 own more than 1 bitcoin. Are you seeing why i keep saying that bitcoin will not stop rising in price any time soon, and $100,000~10,000,000 prices are not only likely, but ultimately inevitable. (Assuming mass adoption, which at this point in itself is almost inevitable as even banks and governments are getting involved). Also note that some of these huge (1000+) wallets belong to satoshi and others are for example cold wallets of casinos or exchanges. So the actual amount of bitcoin super-rich is tiny. The 3 wallets that contain over 100,000 bitcoin are most likely all belonging to satoshi. Actually they're probably exchanges, seeing as how much money is moving around regularly on these addresses In a time window of 5 to 10 years I expect bitcoin to be somewhere between $100,000 and $10,000,000 in price range. (My best guess would be somewhere near 3.5 million) Depending on the scale of the adoption. Barring mayor problems along the road. On top of all this, this chart ( http://ondn.net:800/topamount) shows that even though most holders have been accumulating bitcoin, the total amount held by the top 100 wealthiest bitcoiners has actually gone down recently, while the top 1000 wealthiest has gone up. (although it's tracking wallets, not persons, so maybe they just split their money over more wallets). Either way, it doesn't look like "the rich are getting richer" and it seems like the wealth is getting distributed slightly more evenly. (As you would expect from the way bitcoin is designed, even though perfect wealth distribution is impossible in any system, bitcoin is more fair than fiat by design). I don't really disagree with a lot of your analysis Zimmah - yet I am a bit concern about part of your premise about addresses. The longer someone owns bitcoin and the more that s/he uses bitcoin, the more addresses s/he creates, and even some older and more sophisticated users advocate using a different address for each transaction. I've been using bitcoin about 2.5 years, and I can also be a witness to this kind of address generation. At first I only had a few places that I held bitcoins, and I barely did any transactions. My use of bitcoin has increased. I think I do some off chain transactions with various (third party holder of my coins) , yet I probably generate a new address on average about once every 3 or 4 on chain transactions. I estimate that I've probably generated more than 40 bitcoin addresses through my various usages in such a short period of time, and some addresses hold more bitcoins than others, and several addresses have fraction of coins remaining. |
|
|
|
miners are sufficiently smart to recognize that they don't want to be part of a mining poole that acts so recklessly and takes stupid and unjustifiable positions.
You write as though you are under the impression that more than 10% of Antpool's hash rate isn't owned by a single business. What one miner decides is what 90+% of Antpool's mining power will do. And I'd bet on 90% of the stuff he DOESN'T own just sucking along for the ride. You're quoting someone who thinks "protecting" an ill-defined "non-mining node decentralization" is worth capping the potential growth of Bitcoin... while keeping ALL of his coins on a centralized exchange. The man's an enigma. The more cunning of the Blockstream apologists advocate making BTC less competitive to encourage price appreciation in altcoins like Monero. JJG doesn't own any. A mystery wrapped in an enigma. Look at you beastmodeBiscuitGravy, I mean lambie. Continuously studying me in order attempt to distract with irrelevant skewed personal details. Why don't you provide some details of your own trading strategy and cryptoholding practices to the extent we may be able to believe any of it? Let me see if I can summarily respond to your nonsense regarding more or less what I am advocating (one individual, me), at the moment? 1) I mentioned the mining poole topic because if some dumb ass miner poole leader suggests that his mine poole is going to take some partisan position to not adopt seg wit etc, merely because they want to get a blocksize limit increase - like taking a hostage threat, they are likely going to lose business, either mining power or increased competition against them in other ways. 2) I advocate that bitcoin is not broken or technically flawed and suggest that there are a lot of solid innovations in this space. Accordingly, any proposed changes to the status quo should be achieved with evidence and logic in order to persuade that the change is necessary. If any new proposal cannot achieve an overwhelming level of support by the decentralized powers that be in the bitcoin community, then the proposed change does not get adopted. Yeah, it can be revised and re-preposed and tweaked and if it is good, then it will get adopted sooner or later, but we do not need to rush into adopting something that is not agreed-to because currently bitcoin is not broken... and if evidence is presented that there is some kind of break of bitcoin, then proposals to fix such break would likely be adopted fairly quickly. Poole? Poole?Stahp, please, my sides. hahahahahahah Me too. It is just like you Lambie, get caught up in irrelevance. Looks like we are crashing all the way to $600, no? Stahp, please..... |
|
|
|
Come, try to FUD bitcoin.  Hahahahaha I like this one... Remember the one of the panda pushing over the computer..? too... I tried to find it but couldn't I am on windows 8.1 When I R click the gif I get the option "search google for image". There I found the gif you are looking for. Ok... thanks.. now I got it.... Your response inspired me to change my default search to Google.. which now gives me the option to properly search images.. I had that function before but then my search engine had changed, but I have now changed it back. |
|
|
|
Right, I forgot. 'Over the top, almost comical expression of antisemitism' is something else one needs to be able to deal with on this forum.
I don't understand why there isn't a global policy of involuntary euthanasia for nazis. Seems like a no-brainer. Sometimes I login and think I've gone to the Daily Stormer by mistake. I blame the moderators. If foaming at the mouth racist rants don't count as trolling, then fuck me sideways. Do you report posts that concern you, or are you just waiting for someone else to do it? or for moderators to figure it out themselves? |
|
|
|
miners are sufficiently smart to recognize that they don't want to be part of a mining poole that acts so recklessly and takes stupid and unjustifiable positions.
You write as though you are under the impression that more than 10% of Antpool's hash rate isn't owned by a single business. What one miner decides is what 90+% of Antpool's mining power will do. And I'd bet on 90% of the stuff he DOESN'T own just sucking along for the ride. You're quoting someone who thinks "protecting" an ill-defined "non-mining node decentralization" is worth capping the potential growth of Bitcoin... while keeping ALL of his coins on a centralized exchange. The man's an enigma. The more cunning of the Blockstream apologists advocate making BTC less competitive to encourage price appreciation in altcoins like Monero. JJG doesn't own any. A mystery wrapped in an enigma. Look at you beastmodeBiscuitGravy, I mean lambie. Continuously studying me in order attempt to distract with irrelevant skewed personal details. Why don't you provide some details of your own trading strategy and cryptoholding practices to the extent we may be able to believe any of it? Let me see if I can summarily respond to your nonsense regarding more or less what I am advocating (one individual, me), at the moment? 1) I mentioned the mining poole topic because if some dumb ass miner poole leader suggests that his mine poole is going to take some partisan position to not adopt seg wit etc, merely because they want to get a blocksize limit increase - like taking a hostage threat, they are likely going to lose business, either mining power or increased competition against them in other ways. 2) I advocate that bitcoin is not broken or technically flawed and suggest that there are a lot of solid innovations in this space. Accordingly, any proposed changes to the status quo should be achieved with evidence and logic in order to persuade that the change is necessary. If any new proposal cannot achieve an overwhelming level of support by the decentralized powers that be in the bitcoin community, then the proposed change does not get adopted. Yeah, it can be revised and re-preposed and tweaked and if it is good, then it will get adopted sooner or later, but we do not need to rush into adopting something that is not agreed-to because currently bitcoin is not broken... and if evidence is presented that there is some kind of break of bitcoin, then proposals to fix such break would likely be adopted fairly quickly. |
|
|
|
miners are sufficiently smart to recognize that they don't want to be part of a mining poole that acts so recklessly and takes stupid and unjustifiable positions.
You write as though you are under the impression that more than 10% of Antpool's hash rate isn't owned by a single business. What one miner decides is what 90+% of Antpool's mining power will do. And I'd bet on 90% of the stuff he DOESN'T own just sucking along for the ride. I claim no knowledge of the details in regards to the extent of Antipool's centralized control over their mining power and the extent to which their business model depends upon independent miners. And, hopefully, there remains sufficient competition in this mining space in order that stupid miners with destructive ideologies can be priced out of the market when mining either pooles away from them or others begin to mine in order to take away some of the hashing power of the stupid miners that take apparent bitcoin destructive positions. |
|
|
|
Come, try to FUD bitcoin. Hahahahaha I like this one... Remember the one of the panda pushing over the computer..? too... I tried to find it but couldn't |
|
|
|
R.I.P. Ethereum Shills: Ethereum (ETH) $11.98 (11.35 %  )Butters scramble as The D'oh is about to turn into a $150M Sorry For Your Loss eventhttps://www.reddit.com/r/Buttcoin/comments/4ld29g/butters_scramble_as_the_doh_is_about_to_turn_into/ What's it like, being an enemy agent? How is it we still haven't outed you as a buttcoin spy?! Because buttcoiners hate Bitcoin! And as far as I can see, roach is supporting Bitcoin and just is against all the altcoin scams! And 99% of the alts are scams!!That's a fact. Yes, but as we have thousands of Altcoins meanwhile that equals to several dozen that are worth having a closer look. To be closed-minded in such an important phase of innovation is the worst mistake you can do right now. labelling all Alts as scams may be a bit of an exaggeration, and there may be various contributions that they are going to be able to make to the crypto scene, besides being pump and dumps. They can offer technical contributions to the space, and still be pumped and dumped at the same time - not mutually exclusive. Even pump and dump alts will have attributes that are valuable, but does not mean that I am buying them long term... even though any of us may want to jump on pump and dump bandwagons... hopefully during the pump stage rather than the dump stage. |
|
|
|
|
Does anyone find it strange that Coinbase's exchange is now trailing several of the others, including Stamp, when historically they were always several dollar's higher than Stamp.
Also, there were some strong downward spikes on Coinbase, too.
I'm wondering if Coinbase could be engaging in some shenanigans? Especially, they had recently been getting political and then also were fairly political about this more recent event in releasing ETH on the exchange.
They just seem stupid, and like they want to be right about something, and they ended up being wrong about bitcoin, so are they now engaged in shenanigans to push down the price.. .. it is true that the lagging of one big exchange can drag the others.
I hope that that they are neither attempting to pull a Gox.. or otherwise engaging in a kind of fractional reserve trading of coins that dont exist.
|
|
|
|
was this the correction ? i want to buy MOREEEEEE
Haven't we had nearly a couple of years to buy more.. and below this current price point.... Maybe about 20 months? Lot's of time to have had stocked up. |
|
|
|
when is the halving exactly?
Somewhere around July 11, give or take a day or two. |
|
|
|
Calm down, guys. This is just the beginning of a multi-months bitcoin price appreciation. Use pull backs to open fresh longs with comfortable level of leverage.
I'm afraid of leverage, and I think that I can make a sufficiently amount of money merely by using what I have already invested.. Selling as it goes up and continuing to buy (with the sales proceeds) on the dips. But I agree with you that it is going to become more likely that we are going to be going up, even if there are going to be some corrections too, possibly. |
|
|
|
JJG broke even. Finally. Huzzah! You are misdescribing circumstances, and maybe you should give some of your own details.. because something seems missing from your comment..- even in a kind of patronizing respect. In fact, at this time and this week, BTC is currently way too volatile (too much price action) for anyone to be "breaking even" in any kind of exact manner .. especially, not someone anywhere near my situation - whether we are talking strictly about BTC holdings, or some other combination of funds that are being traded. Now you are emulating dumbaztec.... and where did he go? Go on BMB... give us some of your BTC buying/selling details? do you own any BTC.. maybe .73BTC? Do you own any alts, maybe a little ETH,... go on tell us? have you been buying or selling cryptos or PMs in recent months? or are you like Stolfi, merely, participating herein for academic purposes..?. something happened to Stolfi, too?  Seems many of our bear troll shill fiends are disappearing, but I am sure that several of them will be back for our next correction in the $600s or maybe when we coming down into the $500s.. I got a giant sweaty wodge of coins from dealing in some pretty shady things on the darkweb. It's a sinister past and I'm not particularly proud of it. But I'm reformed. Immoral or illegal? Hm? there are lots of different things, and details can make a difference in terms of what you are referring to and to the extent that you are not merely just making things up from the safe confines of your mommie's basement Do you still want that order of Scopolamine? Or what? I find no need to make shit up, or to play along with a kind of hypothetical that does not seem to apply to either of us. I was not seeking to purchase anything, and you are not in any kind of internet business, at least nothing like that which you are referring... you seem to be living in a fantasy, rather than talking about some kind of actual personal experience(s). So, snap out of it.   |
|
|
|
I'm so happy right now.
Look Le Happy is happy. Who would have thunk? |
|
|
|
|
Show Posts
