True Myth
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November 30, 2017, 02:20:30 AM |
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Since the exchanges go down when everyone is panic selling... Maybe we should organize a panic sell fund so they can sell us thier BTC while the exchanges are down. I mean I'm willing to "take one for the team" and buy back at $1000 / BTC. You know... So, they don't "lose everything".
Lol. You'll buy their bitcoins at $1,000? That's a good start. I'll bid $1,100 per bitcoin. Hopefully desperate panic sellers are also here. But it seems they will change their mind after reading the posts here. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) And thus BTE (Bitcoin Talk Exchange) was born.
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jbreher
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lose: unfind ... loose: untight
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November 30, 2017, 02:43:54 AM |
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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: ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ?? Well if history repeats, it's not like anyone didn't know... ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Crossing my fingers that this time it really is different. So what's the problem? Hodl. If it is indeed a pattern, we just do it again in four years. At $100,000.
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Paashaas
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November 30, 2017, 02:50:48 AM |
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jbreher
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lose: unfind ... loose: untight
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November 30, 2017, 02:52:36 AM |
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We've broken the $11k guys! This is crazy!
This is not good. You're grouchy av does you justice. 😊
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True Myth
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November 30, 2017, 02:54:55 AM |
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Look me up when you get to the Citadel.
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jbreher
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lose: unfind ... loose: untight
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November 30, 2017, 02:56:02 AM |
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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?
Ahhh... What's Bitclub? ::double blink::
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True Myth
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November 30, 2017, 03:09:01 AM |
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Consolidation on 10k, the new floor for futures trading is priced in. If we do see a big dive, I'm suspecting a combination of some tether FUD and a back peddling of the Wallstreet futures tradeing. That might shake a few hands.
On another note, not surprised to see coinbase pulling their usual (down for maintenance) pussy move. Is it true that stamp went down? I've yet to see that personally.
Speaking of futures... http://www.businessinsider.com/nasdaq-set-to-launch-bitcoin-futures-2017-11
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xhomerx10
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November 30, 2017, 03:16:02 AM |
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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?
It's a multi-level marketing program based very loosely on Bitcoin mining in order to add an air of credibility. They don't mine very many coins, so it's split into infinitesimally small fractions called shares a certain percentage of which are paid back into the program. They opened up their Bitcoin pool at zero fees to the public not so long ago so it would seem larger than it really is which in effect hides the already secretive nature of the "club". You have to sign up and pay 99 bucks just to get any information about it. When I first encountered the "club" I did some research which led me to: https://99bitcoins.com/anatomy-bitcoin-scam-bitclub-network-analyzed/ Just say "NO"
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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November 30, 2017, 03:26:34 AM |
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Airplanes. Thinking about a nice little Beech Sierra.
Cirrus SR22T for me. Because I need more experience before the SF50. Like, seriously. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) That the one with the little parachute? Cute idea but I'd rather land unpowered.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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November 30, 2017, 03:29:00 AM |
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I noticed recently that coinbase is not issuing bitcoin instantly. It says, PENDING Your digital currency will arrive by the end of day on Thursday Nov 30, 2017. Wonder what the reasoning is. Maybe just slow transactions from the full mempools.
Just like Visa with FX txs. They don't post the transaction until they've made their FX gains on your money, then post to your account - invariably at a higher rate than was warranted on the day of sale. Sometimes they must wait weeks to achieve this (Visa) but they always get their squeeze. I wouldn't doubt if CB was holding out to make a little more. OTOH, volume is mental everywhere. Why does everything have to be a conspiracy for Coinbase to make more money? They already create great spreads and build in these kinds of profit cushions into the amounts that customers buy their bitcoins. Accordingly, this shortage of bitcoins is likely not a matter of making more money but instead moving around coins and keeping enough coins in their hot wallets or whatever they use to reconcile the daily ups and downs of transactions and keeping enough coins. Accordingly, it seems to be an issue of BTC demand being too high for them to keep up, and therefore, they have to delay delivery of such coins to customers until either they get enough coins or demand for coins goes down.
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infofront (OP)
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Shitcoin Minimalist
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November 30, 2017, 03:41:15 AM |
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This is clearly as high as bitcoin will ever get, basically. Maybe just a little bit higher because there are people who haven't realized this is a failed experiment, but that's it. 1 bitcoin will absolutely never be worth $50k. $100k? LOL, no.
What'd I tell you guys? That was the last ATH bitcoin will ever see. People are finally waking up to how much of a failure this project is. Here, if bitcoin gets over GDAX ATH of $11,485, I'll give the the first person to quote me here the last of my bitcoin, which is 0.1 BTC. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs2.quickmeme.com%2Fimg%2F3b%2F3b75813af2350e14a3403e46e8539c3cb2f8d44e36b0a0ff450203ef80b42b2c.jpg&t=663&c=oBwCZN0PbKhARA)
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Imbatman
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November 30, 2017, 03:47:12 AM |
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Buying frenzy on GDAX right now. Making my head spin. $10,800
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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November 30, 2017, 04:01:53 AM |
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Meanwhile the main Australian exchange is stuck at A$15,000 (US$11,300)
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iTradeChips
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November 30, 2017, 04:02:29 AM |
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Buying frenzy on GDAX right now. Making my head spin. $10,800
This is a very interesting thing to observe with, with Bitcoin going over the 10,000 dollar mark. Many people are starting to know more about bitcoin and many are investing heavily on this. We will see what will happen to this coin after a few more weeks.
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jbreher
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lose: unfind ... loose: untight
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November 30, 2017, 04:28:20 AM |
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Airplanes. Thinking about a nice little Beech Sierra.
Cirrus SR22T for me. Because I need more experience before the SF50. Like, seriously. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) That the one with the little parachute? Cute idea but I'd rather land unpowered. Well, that remains an option. Glide ratio better than your beech, or equivalent Cessna or piper. Otoh, it's certificate this century... Rather than the fifties like those old school airframes. Did you take a gander at the SF50?
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jojo69
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diamond-handed zealot
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November 30, 2017, 04:47:13 AM |
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Did you take a gander at the SF50?
yes...and damn you, lol
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centralbanksequalsbombs
Sr. Member
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Bitcoin :open immutable decentralized global fair
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November 30, 2017, 05:09:51 AM |
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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: ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ?? Well if history repeats, it's not like anyone didn't know... ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Crossing my fingers that this time it really is different. So what's the problem? Hodl. If it is indeed a pattern, we just do it again in four years. At $100,000. While you are correct in that you'd just have to wait another 4 years to get a new all-time high, the answer to your question of what the problem is that it will burn a lot of innocent faithful crucial new adopters distributed across nearly every country in the world. This could be bad for adoption trajectory. The release of bitcoin futures that will be settled with no actual delivery of actual bitcoins may be the tool the central banks needed to subvert bitcoin into submission. It may take a couple of years where things are fine and dandy for them to establish dominant volume at first, but once the dominance is established, manipulate and subvert.If either or both of above are true, there could be scenario where a new ATH may become....much tougher... (im talking about getting past somewhere much higher than today....like 20k or 50k...passing any new ATH past here with high volume on bitcoin futures....not good)
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