It looks like Huobi is comming back to earth, which makes the difference between them and other exchanges "just" $16 instead of $30 earlier this morning. They were probably hoping other exchange would follow to +$360 but it didn't happen. Huobi peaked at around $366 while the peaks of other exchanges were $30 lower!! Would be nice to hear from a Chinese trader at Huobi why there is such a huge difference.
Now down to $14 gap, people need to relax. If there are $30 gaps for a month or something then it might be because of some other reason. Check the china volume right now though its at record highs. |
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Whats interesting about this potential price bubble is its the first time we've had one without mtgox being say 80%+ in charge of everything. It will be interesting to see how the other exchanges cope with the situation but now we have many to choose from.
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It is unavoidable, because early adopters will always have more power comparated to late adopters, no matter what you do.
It is worse with FIAT or with the Internet
Like anything else that starts early you have a few big share holders right. If people want to create their own coins nothing is stopping them unlike in fiat world. Its a better system overall. |
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At the moment the mainstream media has such a large influence they can make new things appear bad to the masses no matter how much criminal activity there is or isn't. It probably doesn't matter much either way. Things like mtgox did dent confidence though for sure.
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My Top 10 Ways To Make Money Online
3. Sell products from your own website
Defo agree with this, it is very rewarding to have your own site and actually make sales. Im just starting out but already found some good success. Feels ways better than using 3rd party like ebay aswell. I'd pick good geniune long term ways to make money online vs get rich quick ways which wont last. If you want to never have a boss you need ideas which are going to last 10 years+ |
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There is a gap of 30$ in price across the exchanges and the price drivers are mainly OKcoin and Huobi rest of them are just followers. I bet there is Mt Gox type of situationg going on again price is being pumped with faked transactions fiat/bitcoins. http://coinmarketcap.com/currencies/bitcoin/#marketsJust watch it. I suspect these 2 exchanges. The gap could be down to arbitrage taking longer from china to europe/usa. If europe/usa drive the price they have been ahead in the past. If the exchanges are faking it i really dont care, it means they can fake it due to having enough people interested so it kinda is bullish itself. |
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If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
Man when Bitcoin reaches these high value I swear you need to convert into fiat. You will be able to buy a house with Bitcoin!The seller will accept Bitcoin!  Yeah i know but maybe not on this next bull run. Lets say we hit $3k- $4k in the next few months which could happen i doubt everyone well accept bitcoins for houses. Some people will sure. That's too much of a bull run even if we have the halving next year. Everyone would have sold before that comes that the price would come crashing back to where we are now. @ontopic, why a house? A much better option would be something income generating - like a franchise. or a trailer. Why spend so much on a house you cant even drive with you. You spend only 10% and buy supedooper trailer. And then you are like on vacations all teh tiem and you can visit many Bitcoin conventions every year. Yes i have thought of that, there are disadvantages to a trailer though like depreciation and it might be a little more than 10% of what i had planned to spend on a house. Being flexible is great though and travel. You should. Buy an apartment in one of the biggest cities if possible and you're set. Unlike a house, you'll always be able to rent or sell it.
In some country apartment not really profitable than a house. Only try to buy apartment if you on big country or capital city. Anyway, you should buy a house, apartment and if you can, build mini-apartment for rent. I've lived in both detached houses, flats/apartments and they offer different benefits. Apartments can come with noise from neighbours but are usually super cheap on bills - heating cheap if you live above ground floor, no maintaining a garden. Detached houses are great for peace but expensive and time consuming. Renting one really sucks when you find yourself having to keep the garden in shape and the dam garden isn't even yours ha. |
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Hello everyone, it is time to invest in BTC, after long-term waiting I finally got my money from the inheritance. It's like this - actual cash balance for the purchase of a $ 580,000, legitimate money is in my account duly certified by the ministry of finance. Can be sent in the form of wire transfers, direct transfer to an account or to come to my place and just to do the cash on hand. If there is someone interested to sell me BTC please email me fordtucson24 et gmail.com . thanks in advance
I feel like if this was serious you could try and get involved in the us gov auction that is coming up. If not just deposit a bit at a time and buy it up and withdraw coins. |
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Why do they pick bitcoin vs a pile of cash isn't it more likely they will get traced via bitcoin. Address now linked to them forever with cash you could slowly filter it out into circulation.
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If we get all the way to $400 then you might be right. But the high of $321 and we are already down to $310, I am not so sure about.
Now I hope you are right, but don't forget, this is Bitcoin world after all. Here, anything is possible!
The market is being held right now while the whales pump litecoin. By tomorrow or next day bitcoin will be pumping up again $330 $340 etc. |
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YOUVE BEEN WARNED
Yep you might be right, soon its going to be last chance to buy under $400 forever. Hope the bear whale got back in although im sure there was plenty of time for that. |
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If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
@OP .. it depends on your number of bitcoins. I would say sell them at 300 or 400$s. If you have enough bitcoins to buy a house then sell them because the price of the property always increases . OR you can give your house for rent to make money  \ buying a house is the best idea Dude no way i sell anything @ $300-$400 im looking for new ATHs before i'd even consider selling anything. If it dies because i held too long then so be it, rather take a chance, i have an income so dont matter. |
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If you buy a house directly with Bitcoin, you will still need to pay taxes. You will need to report your Bitcoins to the IRS or whatever your country has, because you can't hide a house.. they will find you have a house sooner or later. So before you think about it, consider the % of Bitcoin that will go to taxes first, because maybe you don't have enough to buy it.
Since im self employed i think i get something like 20% captial gains tax in the UK on any cashed bitcoin so yeah its going to suck. Will just be a very small place for cheap because thats all you really get in the UK unlesss you have $300k+. No way i sell all my coin ever. Anyway i need a very high price but i think its coming. |
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In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ?
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
People dump because life is finite and some cant wait forever to for the world to convert to bitcoin. Do people really walk away though? im not sure i should imagine most come back and buy more bitcoin. |
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If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
Man when Bitcoin reaches these high value I swear you need to convert into fiat. You will be able to buy a house with Bitcoin!The seller will accept Bitcoin! Yeah i know but maybe not on this next bull run. Lets say we hit $3k- $4k in the next few months which could happen i doubt everyone well accept bitcoins for houses. Some people will sure. That's too much of a bull run even if we have the halving next year. Everyone would have sold before that comes that the price would come crashing back to where we are now. @ontopic, why a house? A much better option would be something income generating - like a franchise. House doesn't take management like a franchise, i can invest a little more into my own business but not much. Buying a house outright with no mortgage saves me $1k rent a month also. If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
You must define what do you mean with "very high figures". But a priory my answer it will be following. Depends firstly from the number of bitcoins you have and the need for house you have. And from the market of the houses where you live. I will buy a house with bitcoin only if I would have minimum the double of bitcoins which I will spend to buy the house (not true in your case), if I will be in high need for a house and probably if the market of houses in my country will be a good one - which mean that the value of my house will be greater in the future (with big probabilities because no one known how it will be the prices of this kind of products in the future). Otherwise will try to buy it with normal money (with credit in your case). You will have always the bitcoins as a warranty if you will take a credit. So why use bitcoin which can have much higher price in the future? If you believe that the above "high figures" mentioned by you will be the upper limit of the price of bitcoin no one of my abovereasoning have meaning for you. But I think that the max price of bitcoin needed to much time to be reached. Not so early. In those suppositions are based all my above thoughts. Anyhow these are only guessings. Everyone know himself what is best and is worst for him. So the right decision can be taken only by you. Very high figures would = $3-$5k before end of 2016. In 2020 i think we could easy be 5 figures. It all depends on you. If you need a house and the real estate market in your area isn't already pumped to the sky, then why not? You can also choose to buy just started companies if you think they have a very high potential of succeeding.
Where i live in UK the market is pumped to the sky.  but how much could it really crash, down by half at best? not like a bitcoin crash, the land will always be worth something even if the bricks aren't. |
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If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
Are you storing all your wealth in bitcoins? Not very smart. Assuming you have to live somewhere (and parasiting on your parents is not an option), housing expenses are inevitable. Therefore buying a house is usually a good move. You're saving on rent and expensive mortgage rates. But if you don't have quite enough funds, you could always pay i.e. 70-80% from your own pocket and take mortgage on the rest. Yeah im currently at about 50-60% of networth in bitcoin/litecoin and i think its ok. I have a good little small business growing on the side which takes all my time and effort. If bitcoin dies i'll be ok. It would be good to save on rent so i guess i will buy a house when bitcoin hits moon. I really just dont want a mortgage if possible but i might just have an irrational mortgage phobia, to cash buy a house for most of networth could be bad, i dunno, never really understood mortgages and housing. |
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I have no idea, but i see it a lot, so its about time to ask - Does this signature campaigns really works ? ? ?
Merchants, operators and publishers - come on this thread and let us all know if and how much exposure, search engine power, traffic or anything else you get from these campaigns.
Thanks
Seems like they are a tried and tested method by now, nobody forces anyone to put up a sig campaign and there is no lasting contract. The free market would show them to die out if they weren't working. |
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If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
Man when Bitcoin reaches these high value I swear you need to convert into fiat. You will be able to buy a house with Bitcoin!The seller will accept Bitcoin! Yeah i know but maybe not on this next bull run. Lets say we hit $3k- $4k in the next few months which could happen i doubt everyone well accept bitcoins for houses. Some people will sure. |
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If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
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I don't know what you think, but i think that other cryptocoins are just a "little-brake" for the BTC growth. If BTC is world-wide crypto coin, why so the need to make other one?
And, sure, the first wide-known cryptomoney will be BTC, coz is the most known. Have u a little idea about the time need other cryptocoin to be wide-known? BTC has been the first on market, and except some forks, will be the leader.
From here to 5 years, what is the scenario for u?
Bitcoin is the only great one, after that i consider Litecoin the next best but nothing compares to BTC. Crypto Market cap is 90% bitcoin atm and i think thats how it will end up. |
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