[2016-12-26] Bitcoin Keeps Popping W/ Prices At 2016 Highs

[Chef Ramsay]

The cryptocurrency bitcoin surged five percent on Friday, following a two-day rally.

It was trading at $905 against the US dollar as of 1:25 pm GMT and is on track for its best annual performance since 2013.

It’s the first time this year the digital currency has been above $900 for a single coin, more than doubling in value since January.

Some experts say there has been no news trigger over the last few days to drive a new spike of the bitcoin price, others attribute it to the plunging Chinese currency and to concerns that the world’s largest economies are growing increasingly unstable.

More...http://www.infowars.com/bitcoin-keeps-popping-with-prices-at-2016-highs/

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[InvoKing]

Greenspan, however, warned investors that bitcoin is an incredibly high-risk asset. “We could easily see further jumps of $300 or more in either direction before the excitement fades,” he said.

Nice description from this senior market analyst at eToro
Incredibly high risk asset is a true statement but its benefits is dominating for the moment, i could say that there is nobody here that isn't making a profit with + $900 as a price without counting those who bought bitcoin when its price was less than $10

[strasboug]

Greenspan, however, warned investors that bitcoin is an incredibly high-risk asset. “We could easily see further jumps of $300 or more in either direction before the excitement fades,” he said.

Nice description from this senior market analyst at eToro
Incredibly high risk asset is a true statement but its benefits is dominating for the moment, i could say that there is nobody here that isn't making a profit with + $900 as a price without counting those who bought bitcoin when its price was less than $10

Greenspan? what does he know? This guy at 1996 said market is irrational exuberance then later in 2000 at market top he noted that new economy (by .com) will sustain the growth, what is a joke. He knows nothing.

[Papa Bear]

 the price of bitcoin will continue to rise as more devaluations are expected from the Chinese government.

[aso118]

Greenspan says we could see further jumps of $300 in either direction.
An ATH of $1200+ seems very much possible in the near term. I don't see Bitcoin dropping to $600 that easily.

[TraderTimm]

Greenspan is an idiot. He created the housing bubble, and encouraged the 2000's IPO-a-thon that crushed itself. I wouldn't trust that man to predict the weather, much less interest rates. He's a useful idiot though, promoting failed policies over and over like they're some kind of "new" idea.

As for Bitcoin, well golly-gee, its almost like its an inherently deflationary currency that has only 5 million or so units left to distribute! How could have someone seen that one coming? Eh? Like maybe read the whitepaper, understand its underpinnings, add to a position as time goes on... if you got in around the early years at near parity you're looking at 100,000% plus returns right now. But hey, what do we know... just let the central banks keep printing their shit-money and let Bitcoin keep its algorithmic enforced gold standard.

Anyone who sells around here is a complete fucking moron. And I mean that in the 5 years-or-more timeframe. Of course, I meant that way back when the dizzying highs of 20 were a big deal. Some listened, some didn't, much to their dismay.

But whatever, I'm sure there are plenty of "whales" on the "whaleclub" channel eager to throw around a few thousand BTC to soothe their egos. I welcome it, actually, so those coins get redistributed to people who actually understand value instead of trading like a complete fucking moron.

[Karartma1]

Greenspan is an idiot. He created the housing bubble, and encouraged the 2000's IPO-a-thon that crushed itself. I wouldn't trust that man to predict the weather, much less interest rates. He's a useful idiot though, promoting failed policies over and over like they're some kind of "new" idea.

I totally agree on this! An useful idiot like so many others who let the financial crisis become worse day after day, year after year. To me it's no surprise that Satoshi came up with Bitcoin straight after the economic collapse in 2008

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

[BellaBitBit]

"before the excitement fades"...I doubt that the excitement will be fading anytime soon Greenspan.  One thing he said that I like about a 300.00 swing in either direction, $600.00 bitcoin would be a nice treat at this point.  Getting difficult to buy a whole Bitcoin.  Time will tell.

[greenclover]

Greenspan is an idiot. He created the housing bubble, and encouraged the 2000's IPO-a-thon that crushed itself. I wouldn't trust that man to predict the weather, much less interest rates. He's a useful idiot though, promoting failed policies over and over like they're some kind of "new" idea.

As for Bitcoin, well golly-gee, its almost like its an inherently deflationary currency that has only 5 million or so units left to distribute! How could have someone seen that one coming? Eh? Like maybe read the whitepaper, understand its underpinnings, add to a position as time goes on... if you got in around the early years at near parity you're looking at 100,000% plus returns right now. But hey, what do we know... just let the central banks keep printing their shit-money and let Bitcoin keep its algorithmic enforced gold standard.

Anyone who sells around here is a complete fucking moron. And I mean that in the 5 years-or-more timeframe. Of course, I meant that way back when the dizzying highs of 20 were a big deal. Some listened, some didn't, much to their dismay.

But whatever, I'm sure there are plenty of "whales" on the "whaleclub" channel eager to throw around a few thousand BTC to soothe their egos. I welcome it, actually, so those coins get redistributed to people who actually understand value instead of trading like a complete fucking moron.

He is absolutely an idiot. Actually the US fed is an idiot. Since its creation, the fed just cause troubles in economy, and recent years they printed so many fiats which will crash the financial system one day.

[1Referee]

"before the excitement fades"...I doubt that the excitement will be fading anytime soon Greenspan.  One thing he said that I like about a 300.00 swing in either direction, $600.00 bitcoin would be a nice treat at this point.  Getting difficult to buy a whole Bitcoin.  Time will tell.

People were already struggling to buy themselves a whole Bitcoin when the price was sitting a few hundred below the current levels. I see some people complain about them not being able to afford to buy Bitcoin, but the point is that no one is forcing them to buy a whole Bitcoin. People can very well buy themselves just 0.1BTC or just 0.05BTC if they don't have much to spend. Bitcoin is a divisible currency where the excuse of Bitcoin being too expensive to buy doesn't make any sense.