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I don't regret using my BTC to buy items (after all BTC is meant to be used) , but it can be quite galling when I look at my purse account order history and it bugs out and says things like I bought a Sonos 1 player and it tells me I paid 3K for it as that's the current value of the bitcoins I spent to buy it.
I do regret selling the ones I sold to take profits along the way.
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we're entering or in a shift in user volumes, the old paradigms may no longer be valid - shift your TA expectations accordingly. On the 1w and 3d log charts this current run up isn't anything like as steep as the ones that occurred in 13, we look about half way through those cycles if you look at the gradient - and the longer the slow build goes on the higher the top will be.
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Seems like those walls are placed on BTC to let Ethereum or Litecoin to run up.
Typical....
So what’s the game plan here. Whales going to attack their own walls to simulate a market surge? And then short LTC and Eth? Whales using LTC to move money between exchanges as the bitcoin fees are so high and the mempool full, they want the price of LTC/ETH to ramp up so they can get back into BTC or fiat as painlessly as possible (at the moment the only ways in or out of gdax are fiat/btc/ltc and eth. (so bch not an option) |
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Big wall on gdax to hold the price down while you place another lower wall on stamp to drain bitstamp of Fiat, watch for a flash crash on either exchange (market manipulation at it's least subtle) Finex is probably being ignored either because the people involved are US , or simply because it's price is irrelevant as far as the futures price is concerned.
Bitfinx - the least manipulated exchange in Bitcoin , there's a turn up for the books.
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Most provocative statement therein: As JPM explains, "high trading volumes or market cap does not mean that the net flow directed into cryptocurrencies has been equally big."
Here is the bank's punchline: "The net flow into cryptocurrencies is very much a function of coin creation which is controlled by computer algorithms and in the case of bitcoin is diminishing over time. Figure 6 shows the net amount of money invested every year since 2009. The cumulative amount has totaled around $6bn since 2009, well below the current market cap of $300bn." I get that the market cap is not a measure of the sum total of fiat spent to purchase Bitcoin. But $6B? That low? Seems off by an order of magnitude to me, but I'm just pulling a feeling outta my ass. I also get that this figure is courtesy of JPM themselves. Anyone know of an independent source for this statistic? they have no idea - there is no way to calculate the amount of fiat that has moved into bitcoin |
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to much optimism in the poll
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The fluctuation of bitcoin can make many investors stand the heart, We do not know if there will be any future for bitcoin!
Oh ffs - piss off |
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Nice playground for big blockers. I wonder how many people will be slaughtered.
The crash of 2013 is on again.Saw it coming a mile away. Not even close newbie - we haven’t even pulled back to the first real test level yet. Just taking out froth. If you own both coins you combined value is above $8k at the moment, chill and let it settle out. |
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Why is ETH up and BCH down? This market makes zero sense.
Because “ but my free coins....” best swap back to eth where one dodgy bit of code can result in my coins being locked away permanently. |
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We are not even properly into phase 2 of that chart. Only a minor amount of smart money has entered the ecosystem, and to much of that has gone into rent seeking applications rather than the protocol because VCs for the most part do t see that the value is in the protocol (not coinbase,bitpay etc).
The mania bubble where even your mum wants to buy Bitcoin is not here yet. When my non techie/finance/media friends are thinking about buying bitcoin (ie the teachers and the nurses) that’s when I’ll count us in stage 3.
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That Bitconnect thing gets weirder and weirder :S
I understand it's kind of a Ponzi scheme, right ? You send them bitcoins, they give you "Bitconnect coins" which you can then "loan out" and get "interest". Basically, you send your bitcoins and get fake coins in interest payments. And when is this thing supposed to blow up ? If it works like MMM it blows up when the ar8ehole running it decides to shut it down and keep the money, leaving the participants with tokens that are valueless. It will then reopen in another country and suck in a new batch of “customers” |
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Well sheeit.
Was nice knowing you, $7,000 USD/BTC. Hope to see you again soon.
Oh my god bitcoin might go down to $4K or even maybe $2K, it must be dead 💀 /s |
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Potentially <$1000 if the fork goes badly and we have a crash. The existing banking system , Dimon etc will point the finger and say “I told you so” and the MSM will drive non bank Crypto into the ground. Most of the community wasn’t around for 2014 so have not experienced bitcoin really crashing and staying crashed, or eroding 2-3% a week for months. They won’t be able to deal with it emotionally and they will abandon bitcoin and crypto telling themselves it was all a Ponzi run by evil hero and legendary members on bitcointalk.
If this happens the recovery will take en extremely long time (if ever) - before when we crashed there weren’t that many of us to get hurt, there are a lot more now and the collective memory and hurt will be much much greater.
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Guys, i can´t comprehent my sudden wealth, please help me.
This no joke. It´s probably, because i have no use of lambos, don´t know . . .
If u'r in your prime, you have 50 years left to live. What is your desire?? (Be greedy with your cravings if they make you feel better, healthy, happy, relaxed and make you live longer!)  I just wanna go surfing My ultimate dream is a sign in front of my business: "Gone swimming" ! Move somewhere with good waves , but an existing surfing business, pay someone else to run it, and go surfing then. Investing in something that might be burdensome and for something like 'waves' that are for free is not a good business. True but being the guy/gal that owns the surf shop and spends their days on the beach definitely comes with perks. |
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Guys, i can´t comprehent my sudden wealth, please help me.
This no joke. It´s probably, because i have no use of lambos, don´t know . . .
If u'r in your prime, you have 50 years left to live. What is your desire?? (Be greedy with your cravings if they make you feel better, healthy, happy, relaxed and make you live longer!) I just wanna go surfing My ultimate dream is a sign in front of my business: "Gone swimming" ! Move somewhere with good waves , but an existing surfing business, pay someone else to run it, and go surfing then. |
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CEO of Credit Suisse taking over from Jamie, bitcoin is the “very definition of a bubble” - Tidjane Thiam.
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What effect on price do you think this will have? Could we have similar crash as in July?
What crash in July? The fork was at the end of the month and the price rallied from $2600 to $3400 by 10th August, and carried on rallying to $4,800 by the end of the month. It didn’t “crash” until early September when the move was caused by China’s last but one ban and Jamie Dimon telling us we were all idiots.We’ve been rallying ever since. Bitcoincash fork had no impact on the bitcoin price in terms of “crashing” at all. |
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is gentlemen this
Confirmed There that’ll jinx it 😊 |
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I'm happy to be proved wrong here but this is how I feel about the forks...
BCH - sold pretty much all straight away and did extremely well out of it and boosted my btc holdings.
Bgold - looks like it could be a waste of time and worth nothing more than a couple of potatoes each + no replay protection
2x - a real spanner in the works, no replay protection and creates yet more FUD and confusion on exchanges.
Personally I want the forks to fork off. I am slightly worried about doing anything with these coins due to the lack of replay protection which potentially could jeopardise my btc.
This Bgold smells fishy to me. From the very beginning when they released their copy and paste website put together by a dyslexic 7 year old. I'm not even going to take the language barrier as an excuse. If you are going to release something like this then start by making a decent web page.
Does everyone think the 2X fork will actually go ahead now that jeff garzik will be concentrating on his wondercoin and the fact that the 2x futures are now trading at $130~? If B2X doesn't happen, how will the exchanges cope with the customers who bought it in exchange of their BTC? Will the trades be reversed? (This may very well be applicable to BTG too) On Finex you’ve not bought 2X you’ve bought a token representing 2x , if 2x doesn’t happen you lose your money and those who have shorted it to you make a profit |
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To all the people saying this is impossible, now imagine it’s January 13 the price of bitcoin is around $15 and price growth is anaemic and someone then says to you ,” within the next 5 years bitcoin will have hit $6000.” They’re nuts right ? Is it harder to get from $5.7k to $250k, yes it is (personally I think it’s a factor of 10 to high - however it’s not far off the implied BETI if you look at the bitcoin exponential price thread) and it will require adoption to continue to increase at the same rate - but that’s the network effect, if more people use bitcoin, then even more people will use bitcoin, it comes down to where you think the S Curve starts to level off. At $250,000 a bitcoin you can can still buy 4 satoshi for one cent- and that’s a bargain  |
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