So I was just referred to Bitclub by someone I trade bitcoin with in meat space, says he was introduced to it through his father who is some kind of business person who knows the owners personally. I have no reason to doubt he believes what he told me, but even so, anyone know anything about it? Safe(ish) to invest in?
Run. Far. Away. |
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We've broken the $11k guys! This is crazy!
This is not good. My thoughts exactly. Too fast too soon. FOMO must be kicking in big time and there is fuck all supply to dampen it so who knows what price it will reach before the euphoria gets exhausted. Just ordered a google glass with a price ticker.  In my years of experience with this market, I have learned and repeatedly say the same thing: Deep pocket whale pumpers will never pump something to the moon, unless they plan to short/dump it later. The crash or correction "reason" will be inconsequential because it will be completely made up FUD anyway, but the result will be the same. And they've likely been buying up cheap coins for 2 years now, so they will have lots of ammo. My bet on the upcoming crash "reason" is the Tether bullshit. Or "The U.S. Govt and the Fed is revisiting the legality of Bitcoin." Or some other complete FUD. |
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We've broken the $11k guys! This is crazy!
This is not good. |
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Ok, I actually did read the German sub forum, and I believe you, but I couldn't figure out at first why it was about a bet and not a charity.
it started as a bet. forum user elrippo posted that he bets 0.5 btc that btc would not reach €4000 within this year. I took the bet and said if I win, I would donate his 0.5 btc and my 0.5 btc to poor children for xmas. that is how it started. I am no charity, I am a private bitcointalk member. but I will stick to my word. and other forum members have donated also to that address. now its more than $80k.  it is of course way more than enough. bitcoiners are wonderful. and crazy. I had to quit going to work for a week to be able to get the logistic challenge done. I am working on it right now. it is crazy. I just thought I let you know. Instead of presents, you could damn near build a shelter for foster kids with that kind of money. Presents are temporary and fleeting, but the memory of a roof over ones head lasts a lifetime. |
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Except Wall Street wasn’t picking up the ball in 14 days time back in 2013.
You mean you don't remember all the "Wallstreet is coming in!" bullish talk back in Nov 2013? I do. In fact Barry Silbert was constantly tweeting such things daily, and Novogratz was being interviewed by the MSM saying "$2000 is right around the corner. I think Bitcoin will end the year [2013] at $2000+". Now look what he's out there saying. Remember that shit? |
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Starting to feel the same way as I felt back on the MtGox Peak in 2013. The world is mine... Too euphoric. Also seeing too euphoric comments everywhere... Hope this one will not end up like back then...
Yeah... I hate to also be that guy, but it does feel almost exactly the same: Nov 2013: Bitcoin dips from 800 to 600, then takes off. (First selloff) Check Nov 2017: Bitcoin dips from 8000 to 6000, then takes off. (First selloff) Check Nov 2013: Bitcoin breaks 1000. Euphoria ensues. Check Nov 2017: Bitcoin breaks 10000. Euphoria ensues. Check Nov 2013: Bitcoin starts jumping 8-10% per day. Check Nov 2017: Bitcoin starts jumping 8-10% per day. Check Dec 2013: Bitcoin hits 1150, then majorly crashes. Major FUD bad news that no one anticipated comes out of left field. Check Dec 2017:  ?? Well if history repeats, it's not like anyone didn't know...  Crossing my fingers that this time it really is different. |
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Before everyone dumps their BTG, can we atleast try to see it surpass bcash
Deal. I’m in 🤪 Count me in as well and me! Ditto. Dump all your BCH for BTG. Hell, I may even start mining or buying the stuff (BTG) just so I can see Ver/Wu/CSW/McAfee camp suffer... let's make those Bitcoin Gold boyzz richer than Ver.  And someone plz fork BCH like 5 or 6 times.... that would be great. |
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Nearly 2.00a.m. here but glad I stayed up to watch the show. This is truly incredible, especially when we remember how we all felt in 2015 when this place was full of bears. Congratulations to all. $10,000 for one bitcoin. WOW!
I'm really intrigued to see how the next crop of psycho bears will approach the next fallow period. In 2014/15 there really was the possibility it was going to nothing. That's going to be a harder sell next time around. The thing is is that, I'm pretty sure all the previous bubble crashes were manufactured. The Mt Gox DDoS attack, the Mt. Gox hack/offline, the "China Bans Bitcoin", then the Mt Gox insolvency (which insiders knew in advance that the Fed was going in to shut it down). All those things were completely planned. The pumpers knew what they were going to do, and how they were going to do it, 6-8 months in advance. They pumped up the market knowing they could crash it and short/dump it later. So the question is, can they do it again? Can they run up and pop another Bitcoin bubble? And if so, armed with what? Using what? They've tried "China REALLY bans Bitcoin." Didn't work. They've tried hacking exchanges. Didn't work. They've tried "flippenings". Didn't work. They tried the "BCH is the real Bitcoin" fork. Didn't work. They tried a $30M Tether hack. Didn't work. Now they're trying the whole "Tether is a systemic crash risk!" angle. I'm not sure that's working either. |
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Another way of looking at the stock market is as a wealth transfer scheme. After all, for each buyer there is a seller. The net result is 0, it’s a zero sum game, but some will win along the way and some will lose. You just have to be aware of the cycle. The ultimate wealth transfer is not to any Average Joe retail buyer, it's to the wealthy elite owners and angel investors of these companies. They own the lions share of every insta-mined company stock IPO, of which they paid next to nothing for (relatively speaking). Bitcoin's valuation, by contrast, has been bootstrapped and crowdfunded from the ground up by Average Joe. That's why the wealthy elite hate it. |
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The thing is, monetary tokens are not like a stock.
A stock has a finite intrinsic value - or a measurable value at least - based on the turnover of the business, earnings ratio, prospective commercial opportunities in its sector etc.
It's questionable if stocks have any value at all, much less the speculative value placed on them. Most people have no idea how the stock market really works or how stocks are really valued. It's pretty frightening really. Read my post on it here: https://bitcointalk.org/index.php?topic=2098580.msg21161390#msg21161390 |
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Based on how quickly we blew through the 8000's, I'd say we will likely correct and spend some time testing those levels again.
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I find this data incredibly hard to believe about BCash mining. https://fork.lol/They can mine it and peg it at a certain "profitable" level all they want, but without actual buyers (outside of themselves) they are losing money by the minute. How long before it all implodes? Bcash still has asicboost. there are some real buyers. Antminers can only be bought with bcash, is the number of sales public? there are also many poor people who believed the flippening story. but yes, it's just a matter of time before it implodes. the new bitcoin cash plus gold diamond lambo gentleman badger carolina fork is coming soon. If people want to see BCash implode faster, they just need to create a couple more competing forks off of its blockchain. Get them on the exchanges. The pumpers will pump those fork coins and dump BCash, which will flip and subdivide the BCash miners even further. Everyone in that camp will be playing whack-a-mole, lol. |
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I'm thoroughly convinced now that the Powers That Be will never allow a worldwide financial economic collapse to happen.
They will quantitative ease to infinity. They will rig and manipulate the markets. They will control everything financial related.
Instead of the Mad Max scenario, they will just slowly make the world poorer and poorer. But so slowly that hardly anyone will notice until it is too late. Like a frog in a slow boiling pot doesn't realize it's getting hot until it's dead.
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I find this data incredibly hard to believe about BCash mining. https://fork.lol/They can mine it and peg it at a certain "profitable" level all they want, but without actual buyers (outside of themselves) they are losing money by the minute. How long before it all implodes? |
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What site do we consider to be the official one, as to when 10k hits? Bearstamp?
It's already over $10k on CEX.IO. When it's over $10k on bearstamp we'll have five figure bitcoins on all the exchanges.  Did the bubble pop already? |
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We´re not in a bubble. We´re in adoption-phase !
Actually, I think we're in the "my-it-computer-cousin-was-talking-about-that-bitcoin-thing-again-at-Thankgiving-like-he-was-a-few-years-ago-that-I-could-have-given-two-shits-about-back-then-but-I-saw-the-price-recently-and-holy-shit-I-need-to-panic-buy-some-so-I-can-get-rich-overnight-I-don't-even-know-what-this-shit-is-but-omg-the-FOMO-is-real" phase.  |
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