how in the world is btc at $12.303,28?

[spy100]

how in the world is btc at $12.303,28?

https://coinmarketcap.com/currencies/bitcoin/

there is nothing ,absolutely nothing to make btc from technical point worth so much ...

Nobody is using their btc to buy goods/services ,i know do to fact i am accepting btc and no clients via btc this month ...zero orders via btc. No real liquidity ..people are just hording.

I really hope i am not right about what i think it is as we will see btc worth 1-2 usd

And ethereum at $429,87 ....

Are people that stupid to forget that in March btc was at  8000 usd and eth  was at 130 usd .... ?

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Well if you guys say  bitcoin is a "investment" good luck with it...i am out of btc world ...as bitcoin is no longer a currency .

[Poker Player]

Hi man, I'm starting to think you are a troll.

Of course bitcoin is not used a lot to buy goods and services. The point is that it is the best reserve of value in the world. Until recently, the best reserve of value was gold and some people think gold is better than bitcoin because it has been a store of value for thousands of years, while bitcoin is only 12 years old.

But try to escape to another country with a million dollars in bitcoin and then try it with a million dollars in gold as well. Then you come and tell us the difference.

[philipma1957]

how in the world is btc at $12.303,28?

https://coinmarketcap.com/currencies/bitcoin/

there is nothing ,absolutely nothing to make btc from technical point worth so much ...

Nobody is using their btc to buy goods/services ,i know do to fact i am accepting btc and no clients via btc this month ...zero orders via btc. No real liquidity ..people are just hording.

I really hope i am not right about what i think it is as we will see btc worth 1-2 usd

And ethereum at $429,87 ....

Are people that stupid to forget that in March btc was at  8000 usd and eth  was at 130 usd .... ?

so you pick eth over btc.

thats cool 😎 pick any coin you want.

i like doge a lot.

oh please correct. your btc price for march as its low for march was

3900 it is now 12300 more then 3x the price.


eth’s  low was 90 its is now 430  which is more than 4x

so it  has a little better jump then btc not as much as you said.

[spy100]

Hi man, I'm starting to think you are a troll.

Of course bitcoin is not used a lot to buy goods and services. The point is that it is the best reserve of value in the world. Until recently, the best reserve of value was gold and some people think gold is better than bitcoin because it has been a store of value for thousands of years, while bitcoin is only 12 years old.

But try to escape to another country with a million dollars in bitcoin and then try it with a million dollars in gold as well. Then you come and tell us the difference.

You can move your money using eth,ltc or any other crypto ...that does not justify the increase in price of a crypto

When price of something increases means that there is more demand for that thing ...

How much demand can it be for crypto if there is no liquidity ... has zero use beside speculation,gambling,and money laundering .

I f..king build bitcoin and eth trading platforms ...when you build a trading platform then call me a troll ...

What i am saying is that it is false demand and some jerks are pumping the price ... question is how ? How is manipulating the crypto market ... ?

[Yaunfitda]

Don't be late in the party man, once btc reaches another all time high in the next two years, you are still going to be amazed and ask the same question. So if I'm in your shoes and since you are in a bitcoin talk community, I would rather invest on it, instead of questioning where is all the money is coming from. Don't be that person in the next coming years that will be full of regrets for not jumping early. 

[hugeblack]

The use of the currency in buying/selling does not determine its price, but rather a measure of supply and demand, as long as there is a demand(who are willing to pay 12,000 dollars to get one bitcoin,) the price will keep increasing.
Note that the supply is limited and controlled, the market is very small, and the price fluctuations made BTC an investment rather than a currency, so I do not think that not using it in buying and selling is a problem.

[slapper]

No one using bitcoin to buy things does not mean it has no value. People still put their fate in this digital asset. For a 12-year-old asset, it has made a huge change to our world and our perception in recent years. While cash has existed over hundreds of years, Bitcoin and other cryptocurrencies are doing their best to be adopted. And there is no doubt that they are doing really great

Using bitcoin on an exchange or a broker is a way of buy/sell things with bitcoin. As long as people trade this coin, bitcoin will still have the value and I can ensure that it can go even further in the future. You need to know that the online gambling industry is developing really fast with the help of cryptocurrency. More and more people are utilizing the decentralization and the anonymity of bitcoin to prevent the government from tracing their footprint while playing poker on the Internet

[moha sasa]

how in the world is btc at $12.303,28?

https://coinmarketcap.com/currencies/bitcoin/

there is nothing ,absolutely nothing to make btc from technical point worth so much ...

- In case you missed the news:-

https://www.zerohedge.com/crypto/usps-just-filed-patent-blockchain-based-secure-voting-system

The USPS Just Filed A Patent For A Blockchain-Based Secure-Voting System

- My business is dead without btc, I'm totally dependent on it. I can't send one $ out of my country.

[tabas]

Nobody is using their btc to buy goods/services ,i know do to fact i am accepting btc and no clients via btc this month ...zero orders via btc. No real liquidity ..people are just hording.

You sure? I did use it to pay for things that I want online and at the same time, I'm also holding. What's matter if we do what we want with the bitcoins we own?

I really hope i am not right about what i think it is as we will see btc worth 1-2 usd

OK.

And ethereum at $429,87 ....

Are people that stupid to forget that in March btc was at  8000 usd and eth  was at 130 usd .... ?

Did we forget bitcoin was on the line of $3,000 on 2018?

[Poker Player]

You can move your money using eth,ltc or any other crypto ...that does not justify the increase in price of a crypto

I didn't think I had to explain you that most shitcoins like eth are centralized and that ltc is just a copy of bitcoin so people prefer the original. Bitcoin solved the byzantine generals problem, it has the most secure network, it uses POW and so on.

When price of something increases means that there is more demand for that thing ...

How much demand can it be for crypto if there is no liquidity ... has zero use beside speculation,gambling,and money laundering .

-snip-

What i am saying is that it is false demand and some jerks are pumping the price ... question is how ? How is manipulating the crypto market ... ?

I partially agree that some of the volume might be manipulated but LOL you think speculation, gambling and money laundering don't bring any liquidity to the Bitcoin market? There are around 300k daily bitcoin transactions. That doesn't sound to me like there is no liquidity and there is no use for bitcoin.

I f..king build bitcoin and eth trading platforms ...when you build a trading platform then call me a troll ...

I don't call you a troll. It is evident that you are.  

When you get profits from those platforms are you going to socialize them?

USA will survive the economic crisis if it becomes a socialist country.

It's time for EUROPE to become SOCIALIST.

A socialist trying to profit from speculation. LOL.

[Naida_BR]

Really I wonder why this question is asked.
There was a halving event around May that happened.
At that time we didn't see such an impact on the Bitcoin price it was pretty much stable. Now it is normal that the price is increasing considering the fact that BTC is more rare now.

[spy100]

You can move your money using eth,ltc or any other crypto ...that does not justify the increase in price of a crypto

I didn't think I had to explain you that most shitcoins like eth are centralized and that ltc is just a copy of bitcoin so people prefer the original. Bitcoin solved the byzantine generals problem, it has the most secure network, it uses POW and so on.

When price of something increases means that there is more demand for that thing ...

How much demand can it be for crypto if there is no liquidity ... has zero use beside speculation,gambling,and money laundering .

-snip-

What i am saying is that it is false demand and some jerks are pumping the price ... question is how ? How is manipulating the crypto market ... ?

I partially agree that some of the volume might be manipulated but LOL you think speculation, gambling and money laundering don't bring any liquidity to the Bitcoin market? There are around 300k daily bitcoin transactions. That doesn't sound to me like there is no liquidity and there is no use for bitcoin.

dude from technical point bitcoin is a shit coin ... there are others better ... the blockchain sucks as it grows in time ,transactions takes a long time to confirm , it's hard to mine and people don't even consider it a currency anymore they think it's a investment ( and they don't know shit about investments ...what they do is called speculation ) .

"An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative." --- Benjamin Graham

I am out of btc economics area as you guys don't know the diff between speculation and investment....

[trumpman]

Nobody is using their btc to buy goods/services ,i know do to fact i am accepting btc and no clients via btc this month ...zero orders via btc. No real liquidity ..people are just hording.

This is wrong in so many levels. Because for starters.. Many actually do. I did like a month ago, although true that's a rare occasion as I mostly hold. But trust me, btc is used for goods/services everyday. 

Also, I can similarly say "nobody is using gold to buy goods/services " so why is it worth so much?

[Poker Player]

I am out of btc economics area as you guys don't know the diff between speculation and investment....

LOL

No comment.

[freedomgo]

I'm glad to see some anti bitcoin since I've been seeing a lot of posters bullish on bitcoin so far.
This make my day, $1 usd to $2 usd, are you kidding?

I understand that we can't control the price as it's very much unpredictable, but at least be realistic with your price, we are not in the early stage amigo.

And to ring your bell, bitcoin's ATH was almost $20,000 so $12k is not a surprised.

[Vishnu.Reang]

Reminds me of the spike we had in 2016, immediately after the block reward halving. This time also, the spike has started a few months after the block reward halving event. And if the same trend continues, then by the end of 2021, we have a new ATH. To remind everyone, the prices increased from $200 per coin to around $900 per coin in 2016, and the next year it further went up from $900 to $20,000.

[aioc]

how in the world is btc at $12.303,28?

https://coinmarketcap.com/currencies/bitcoin/

there is nothing ,absolutely nothing to make btc from technical point worth so much ...

Nobody is using their btc to buy goods/services ,i know do to fact i am accepting btc and no clients via btc this month ...zero orders via btc. No real liquidity ..people are just hording.

-------------------------------------------------------------

Well if you guys say  bitcoin is a "investment" good luck with it...i am out of btc world ...as bitcoin is no longer a currency .

You did not give us a stat to back up your claim I just paid my hosting subscription on name cheap using Bitcoin and if there are no services or products bought using Bitcoin or other Cryptocurrencies then companies will stop using Cryptocurrencies in fact it's the other way around companies are adding Cryptocurrencies as one of their mode of payment.

[Mauser]

I'm glad to see some anti bitcoin since I've been seeing a lot of posters bullish on bitcoin so far.
This make my day, $1 usd to $2 usd, are you kidding?

I understand that we can't control the price as it's very much unpredictable, but at least be realistic with your price, we are not in the early stage amigo.

And to ring your bell, bitcoin's ATH was almost $20,000 so $12k is not a surprised.

Yeah there is still so much room for bitcoins to rise. And the March drop in prices was because of the worldwide pandemic, no one knew what was going to happen. A classic panic sell - which is not justified. One day it seems the world is about to end and once the government reassures everyone with the printing press, people relax again. It feels like the OP is a little mad the prices keep going up. Maybe he sold all his holdings in March and was hoping for the price to drop further. I would not worry so much about the prices every day. Long term outlook for bitcoins is upwards. Better to hold than sell in my opinion.

[DabsPoorVersion]

Reminds me of the spike we had in 2016, immediately after the block reward halving. This time also, the spike has started a few months after the block reward halving event. And if the same trend continues, then by the end of 2021, we have a new ATH. To remind everyone, the prices increased from $200 per coin to around $900 per coin in 2016, and the next year it further went up from $900 to $20,000.

Just like what others say,

History repeats itself. What we are experiencing right now is what also happened before. Though, the price is not the same, but how it moves in the market is really the same. If this really continues to become the same as what we have experienced before, then the new ath will really come.

[Little Mouse]

Technically there's nothing happened is an untrue statement. Do you know how much USD was added in US economy? I think you do. This has certainly affect on BTC price and other commodities price, do not you think that? I think that is the most appropriate reason behind the pump. However, this can be a manipulation too.