Usually when the MSM starts to give a heads up on something, it means that they are about 6 months behind when it all started. So now I'm assuming that the price rise we've had since the beginning of the year has likely been attributed to insider hedge fund investors already getting in ahead of the rest before the "official announcement".

There's just no way that all this money coming in is from Average Joe & Jane.


I'm not really surprised. The hype and excitement around ETH is waning. Likely from people finally waking up and going "Wait a minute.... you mean the whole premise of ETH is that I've got to buy some first before I can use an ETH-platform based app, when there will be other similar apps out there I can use for free? So what is the motivator behind that again? Why would I want to do that?"

Also, I always knew this year that the alt pumping was just a way to distract people away from the Bitcoin show.

I would advise anyone new this strategy:

Take 8-10% of what you want to invest, and do it right away. It will allow you to get involved right away without too much risk and learn how bitcoin works.

Take another 25%, and wait for the first pullback before putting it in.

With another 50%, you decide how you want to put it in. I would advise dollar cost averaging, or on a set schedule of some sort.

Hold the last 15%, and wait for a MAJOR pull back or worse case, a crash event. Don't try to time a bottom, wait patiently until it has fully bottomed and has started back moving up.

I get a little nervous when MSM starts actually turning pro-bitcoin. I always think, "Why are they suddenly promoting it? What's in it for them?" They've been relentlessly negative and dismissive for 8 years. Even at times laughing at Bitcoiners.

If they bring the BCH/BTC price ratio anywhere near 3:1, 2:1 or even 1:1, I'm dumping all of that shitcoin.  

They better be careful what they wish for.  

I traded a little bit of BCH yesterday @ 0.059 BTC.

Today it is @ 0.11 BTC.

KHAAAAN!!!!!!  

2020.

Because geopolitical event, stock market crash, QE4, currency crisis, accelerated inflation, and the bitcoin halving event.

Wow, so many high IQ people on this thread that want to prolifically opine on what IQ is or how it does/doesn't have value.

But not one with the insight to have any clue where this Bitcoin market is going, or why. 

No worries. Pretty soon after SkyNet happens, AI computers and androids will have IQs that outstrip even the Jews [insert subculture here]. They'll be much better at survival than humans and will begin making all the really important decisions for us and on our behalf.

Blame Google.

Yes, in some metro areas they are. But soon real estate prices will start to correct in many of those areas. For example, San Francisco and Toronto are already seeing some cooling off.
If you can afford to wait, accumulate some money on the side for a sizable down payment, and keep an eye on the markets in your area. But only buy a house if you intend on living in it for at least 15 years, if not forever. Otherwise it's not a great investment compared to others.

Highest IQ is not a measure of who should inherit the earth. EQ is.

Most people I've met with an abnormally high IQ could give two shits about humanity. They only care about themselves.

FTFY. Whatever these people suppress or want the citizens to stay away from, the citizens should be quietly acquiring with two fists. Pay off your debts, buy bitcoin, PMs, land and/or a house (not on credit), and other deflationary assets.

Well this is expected, the MSM keeping up their negative attacks on Bitcoin.

Now they are going for a new angle: Pretend it's a positive spin article, then dash that positivity at the very end.

http://www.businessinsider.com/how-to-buy-bitcoin-using-coinbase-2017-8/#when-i-tried-to-close-the-account-that-penny-proved-to-be-an-issue-as-much-as-i-tried-to-send-the-lone-cent-with-addresses-i-found-around-the-internet-coinbase-didnt-let-me-heres-to-hoping-bitcoin-skyrockets-and-my-investment-quadruples-in-value-21

The very last few quoted sentences:

"Oh, and a final thing: When I tried to buy lunch after all this, my card got declined. My bank had blocked the card after the initial purchase.

Apparently, I wasn't the only one who was wary about going into all this."

Fucking Un-Bee-Lievable

I heard that Satoshi mined the first million on his abacus.

You know what. Every time one of these threads get created, I'm going to say the same annoying thing that posters reply with on other forums.

****USE THE SUB FORUM SEARCH FUNCTION.****

****YOU WILL FIND 1,945,567,789,295,966,858,504 THREADS ALREADY CREATED THAT ARE EXACTLY LIKE THIS ONE. CONGRATULATIONS, YOU JUST ADDED ANOTHER USELESS ONE TO THE PILE.****

http://www.businessinsider.com/bitcoin-price-nvidia-advanced-micro-devices-hedge-funds-2017-8

This article writer seems to suggest that Bitcoin mining rigs have chips in them from nVidia and AMD.

Is that true? I thought Chinese mining ASIC rigs had something else.

I dunno guys, you really think that this Bitcoin thing is gonna take off?

_{(Said someone in 2010. And also said someone today probably.)}

So, silver going back to sub $16?

Nope, nothing to see here folks. Just some totally normal market activity.

I don't think anyone disagrees that Bitfinex has always been shady. And there's been plenty of red flags that point to insolvency and the notion that the hack was very suspect.

But this needs to be said, so I hope that they are reading this.

BITFINEX, IF YOU HAVE BEEN NAKED SHORTING ON YOUR OWN EXCHANGE, ARE INDEED INSOLVENT, AND IT HAS BEEN DISCOVERED THAT YOU HACKED YOUR OWN EXCHANGE IN AN EFFORT TO DEVISE A COVER STORY FOR YOUR LOSSES...

...THE FEDS ALREADY KNOW ABOUT IT, AND YOU HAVE A GIGANTIC BULLS-EYE ON YOUR BACK RIGHT NOW. EXPECT MT. GOX STYLE CONSEQUENCES SOONISH^TM.

Hey guys, I traded some BCH when it was $210.

It's now $240.

You're welcome.