Good morning Bitcoinland.

I see we're back where we were before the AltcoinGold snapshot/"fork" nonsense... currently $5938USD/$7616CAD (Bitcoinaverage).

Even AltCash is up a little at $340USD/$435CAD (Coinmarketcap).

It's time to get back up over $6k and then a new ATH.

Hopefully people will realize now that silly little forks are like China banning Bitcoin again for the umpteenth time.

Honey badger don't give a shit. Go Bitcoin go.

You're probably wasting your breath. It doesn't matter how often you tell trading addicts to keep their coins safely away from exchanges.

That's one of the basic differences between Bitcoiners and traders. The very first paragraph of Satoshi's white paper points to trustlessness as the raison d'etre for Bitcoin. Traders are more than willing to trust exchanges and online wallet services.

Wasn't MtGox enough of a lesson of what can happen when you give up your private keys?

Good morning Bitcoinland.

So they took their AltcoinGold "snapshot" of the Bitcoin blockchain last night, I see.

As anticipated, many trading enthusiasts immediately dumped the bitcoins they had bought just to get their addresses in the picture, despite the fact that they'll still have to wait until the weasels pre-mine their ripoff "development" coins and deal with a lack of replay protection. I'm glad most of my coins are safe and sound in ancient paper wallets. They're not getting my keys.

The result is a dip down to yesterday's early levels... currently $5656USD/$7155CAD (Bitcoinaverage).

Most altcoins are up, including AltCash at $337USD/$426CAD (Coinmarketcap).



As I said yesterday, a dip down to a price $500 higher than I paid less than a week ago isn't a deep enough dip for me to buy... yet. Maybe if we drop below $5.3k.

In the past week we've seen it go from $5101 to $6180 and back down to $5534 (Stamp). This time last year we were dreaming of quadruple digits. Now it bounces up and down by more than a grand in a few days.

Gotta love this. The price bounces up and down by over $300 and nobody seems to care.

Just another day in Bitcoinland.

Good morning Bitcoinland.

I missed yesterday (too much tequila Saturday night) but I see I didn't miss much.

No new ATHs since Saturday (the day before yesterday) with a lot of bouncing up and down in the $5.6-$6.2 range... currently $5807UDS/$7348CAD (Bitcoinaverage).

While there was no new ATH, there was also no dip deep enough for me to buy. The furthest it went down ($5.6k) is still $500 higher than where I bought 5 days ago.

Meanwhile AltCash is down a tiny bit again... currently $315USD/$398CAD (Coinmarketcap).

Seems there's a little indecision as we head toward the AltGold fork. As always it's a great time to hold.
___

Sometimes this place cracks me up. All the Chicken Little clucking and panicking (or should I say kwukking) over a little bit of Bitcoin's famous volatility.

Jeezuz. Calm down.  

Better than living under a bridge.  

I've been panic buying every deep dip and panic hodling in between since early 2013. It's become an obsession.

It's started to interfere with things in my life like mindless consumerism, squandering, poverty, etc. I feel I'm not doing my part to help transnational corporations and name-brand advertisers.

All that money I could have spent on trinkets and status symbols dumped into that bottomless pit called a Bitcoin stash.

What do I have to show for it? A few dozen QR codes and a tiny little USB dongle? Oh the shame. 

ftfy 

Is panic an emotion?

It wasn't all that long ago that achieving gold ounce price parity was a big deal.

Now each bitcoin is worth more than a quarter pound of gold.

 

Just googled "bitcoin price" to check the news and the number $7777 (CAD) slapped me in the face.

Lucky or what? 

Good morning Bitcoinland.

Another day, another ATH... currently $6152USD/$7780CAD (Bitcoinaverage).

AltCash sideways at $324USD/$409CAD (Coinmarketcap).

Keep 'er coming. Go Bitcoin go.
____

OMG I go to pour a coffee and it's up another $25.

C'mon. Be gentle. I just lost my childhood hero. A true role model.

Cheers.

A splendid golden good morning ladies and gentlemen of Bitcoinland.

My hangover may be throbbing but so is my woody... current price $5960USD/$7520CAD (Bitcoinaverage).

Seems I slept in just too much to see $6kUSD. I can live with that.

Meanwhile AltCash is hanging in at $329USD/$411CAD. Next week we'll all get some Altgold too. Maybe it'll be worth a pittance.

Onward and upward. Go Bitcoin go.

Just wear your BTC cap onstage. They'll find you. 

The entire market cap of Bitcoin is less than $120B.

That's including Satoshi, the Winks, Ver and all the other whales, the banks, the exchanges, and all the smaller holders.

Even if the cartels held 10% of all the existing bitcoins, that would be only $12B, small potatoes in the world of drug cartels.

I'm sure some have acquired Bitcoin or use it to move their money around but I don't think it represents a big part of either their business or of Bitcoin itself.

There's also the security aspect. The druglords aren't stupid. They know the blockchain is a permanent record of all transactions.

Bitcoin is merely pseudonymous, not anonymous. One little slip-up and there's a ton of forensic evidence against them.

Wow. Great link. Thanx.

It's nice to read about people who think the way I do.

When this was first posted yesterday, the price was already well on its way to total recovery and I wondered why the chart only showed the dip and not the ensuing rise.

I thought perhaps the OP was just trolling. Then I saw the first reply and it seemed to agree with my assessment. It was basically an insult and GTFO. It has since been deleted.

There's no sense in looking for reasons for what appears to be a typical beartrap.

Weaklings and noobs sold coins and savvy investors bought them. End of story.

You talking about AltCash?