Bitcoin Price Thread

SoesWasBetter · Jan 17, 2018

is hodling anything like yodling ?

volente_00 · Jan 17, 2018

12/21/17

volente_00 said:
Sure looks like a top of a pump

http://bitcoinira.com/buy-bitcoin/?...ahoo&utm_campaign=BCI&utm_medium=PPC&cID=3542

Ok so who opened an ira?

Pekelo · Jan 17, 2018

NeoTrader said:
So no point in using them to make trading decisions.

Well, I don't. All my predictions were TA based.

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

Quote from that IRA package:

"*$400,000 price projected by billionaire founder* of Morgan Creek Capital. Major investors are predicting prices ranging from $28,000 in 12 months to over $1 Million by 2020!"

*Edit: This is the guy who lost the bet against Buffett. His HF lost -16% in 2016 and made 8% last year. Should have invested in cryptos.

NeoTrader · Jan 17, 2018

Pekelo said:
Well, I don't. All my predictions were TA based.

Again: What's the use of your so many and at various times contradicting opinions on "who is doing what" and "value" in the market then?
You just keep contradicting yourself...

Pekelo said:
Quote from that IRA package:

"*$400,000 price projected by billionaire founder* of Morgan Creek Capital. Major investors are predicting prices ranging from $28,000 in 12 months to over $1 Million by 2020!"

Who gives a shit about what this guy or others did?

Pekelo said:
*Edit: This is the guy who lost the bet against Buffett. His HF lost -16% in 2016 and made 8% last year. Should have invested in cryptos.

He still has plenty of time if he chooses to do so...

johnarb · Jan 17, 2018

Guys in here are having too much fun when btc is going down. It's good you guys are enjoying this, but a reminder that you can make lots of $$$ if you wish to take advantage by shorting the CME or CBOE futures.

And is it too much to ask to leave the personal attacks (i.e. "idiots")? Probably it is :finger:

Pekelo · Jan 17, 2018

NeoTrader said:
He still has plenty of time if he chooses to do so...

BTC YTD -35% (store of value)

Unless you were thinking of ETH or Monero...

johnarb · Jan 17, 2018

sss12 said:
@johnarb since you think BTC is the greatest medium invented (although you were comparing it to stock certificates ! certificates ?!) can you answer S2007S's question ?

Don't put words in my mouth. I compared it to stock certificates which you cannot spend but never said it's the greatest medium invented. I do think bitcoin (actually more like cryptos as my crypto portfolio is very little btc) is great for store of value

When cashing out for $, it is the same process as other accounts using ACH. I tested the process about 2 years when price was $900 so it most likely has not changed, but if cashing out hundreds of thousands or more, I believe you have to provide documentation or give your bank a heads up.

There are other exchanges for special arrangements, such as buying a house or a lambo (Bitstamp?)

There are faster ways to cash out and for a higher price than spot using localbitcoins but it has its own issues. [I give info, but I'm sure this is going to get attacked, lol]

I hold cryptos and spend cryptos. We're currently on a fully-paid vacation halfway across the globe from the US. You don't need fiat to cash out, it's easier to cash out via spending cryptos on just about anything as the receipts show the current price of the goods and services and the amount of bitcoin used that you can bring to your tax accountant.

I'm anxious (and eager) to pay taxes this year as it will be an educational experience for me.

NeoTrader · Jan 17, 2018

Pekelo said:
BTC YTD -35% (store of value)
..

Exactly...

Covertibility · Jan 17, 2018

https://twitter.com/x/status/953398294172102658

sss12 · Jan 17, 2018

johnarb said:
Don't put words in my mouth. I compared it to stock certificates which you cannot spend but never said it's the greatest medium invented. I do think bitcoin (actually more like cryptos as my crypto portfolio is very little btc) is great for store of value

When cashing out for $, it is the same process as other accounts using ACH. I tested the process about 2 years when price was $900 so it most likely has not changed, but if cashing out hundreds of thousands or more, I believe you have to provide documentation or give your bank a heads up.

There are other exchanges for special arrangements, such as buying a house or a lambo (Bitstamp?)

There are faster ways to cash out and for a higher price than spot using localbitcoins but it has its own issues. [I give info, but I'm sure this is going to get attacked, lol]

I hold cryptos and spend cryptos. We're currently on a fully-paid vacation halfway across the globe from the US. You don't need fiat to cash out, it's easier to cash out via spending cryptos on just about anything as the receipts show the current price of the goods and services and the amount of bitcoin used that you can bring to your tax accountant.

I'm anxious (and eager) to pay taxes this year as it will be an educational experience for me.

you missed my point

johnarb said:
Don't put words in my mouth. I compared it to stock certificates which you cannot spend but never said it's the greatest medium invented. I do think bitcoin (actually more like cryptos as my crypto portfolio is very little btc) is great for store of value

When cashing out for $, it is the same process as other accounts using ACH. I tested the process about 2 years when price was $900 so it most likely has not changed, but if cashing out hundreds of thousands or more, I believe you have to provide documentation or give your bank a heads up.

There are other exchanges for special arrangements, such as buying a house or a lambo (Bitstamp?)

There are faster ways to cash out and for a higher price than spot using localbitcoins but it has its own issues. [I give info, but I'm sure this is going to get attacked, lol]

I hold cryptos and spend cryptos. We're currently on a fully-paid vacation halfway across the globe from the US. You don't need fiat to cash out, it's easier to cash out via spending cryptos on just about anything as the receipts show the current price of the goods and services and the amount of bitcoin used that you can bring to your tax accountant.

I'm anxious (and eager) to pay taxes this year as it will be an educational experience for me.

First of all, certificates went out about 15 yrs ago.

2nd, manage your cash flow anyway you want. But, if you think BTC is solving some great liquidity problem that allows you to take a "fully paid vacation" you are giving BTC credit for solving problems that don't exist. My Amex card works pretty well for things like that..get the float and even points, try it some time.