Usually alts will follow after btc peak. Personally i see 100k++ as the next stop.
Bitcoin Price Thread
- Thread starter Magna
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Usually alts will follow after btc peak. Personally i see 100k++ as the next stop.
what happened to you and your friends? All of you disappeared? When bitcoin had that epic pullback bear-trap from $8K to $6400, you guys couldn't shut up posting one after another, lol.
We crossed, $9K, $10K, $11K, $12K and $13K is in danger of being crossed as well and not a word from any of you? I told you guys bitcoin gets bear markets but once it's over, the bull market that follows is stronger than the last one. $1,400 to $165 (from 2014 to 2016) then boom, $20K. This time, from $20K to $3,200, who knows what the top for this one will be.
2018 bear market is over!
PARTY!
Haven't I already answered this question? Bitcoin is just not exciting anymore not even in a bull phase. Beyond Meat, now that is exciting. Nothing has changed in Bitcoin world.
But if you want me too, I will drop by again when it drops 3K in a day...
Also, until you actually cash out, you gained nothing.
Spoke to someone who is "in the know". According to him real volume are almost non existent. Had it not been for Bitfinex and tether, it would indeed be below 3k, as it should have when the news broke out that tethers is basically a fake. The moment this came out, Bitcoin started a parabolic move up propped up by tethers. Bitfinex can create any amount of tethers out of thin air and prop up bitcoin with them, essentially 1 Bitcoin is currently worth 12,823 tethers.
Would be curious to hear if anyone here tried to cash out large amounts of Bitcoins and withdraw funds to their bank accounts. How it went?
Would be curious to hear if anyone here tried to cash out large amounts of Bitcoins and withdraw funds to their bank accounts. How it went?
Well today was a huge spike so gonna let it ride on out
Soon bitcoin will reach $1 000 000what happened to you and your friends? All of you disappeared? When bitcoin had that epic pullback bear-trap from $8K to $6400, you guys couldn't shut up posting one after another, lol.
We crossed, $9K, $10K, $11K, $12K and $13K is in danger of being crossed as well and not a word from any of you? I told you guys bitcoin gets bear markets but once it's over, the bull market that follows is stronger than the last one. $1,400 to $165 (from 2014 to 2016) then boom, $20K. This time, from $20K to $3,200, who knows what the top for this one will be.
2018 bear market is over!
Haven't I already answered this question? Bitcoin is just not exciting anymore not even in a bull phase. Beyond Meat, now that is exciting. Nothing has changed in Bitcoin world.
But if you want me too, I will drop by again when it drops 3K in a day...
Also, until you actually cash out, you gained nothing.
Nothing exciting in bitcoin? Hmmmm, Fidelity, E-Trade, Ameritrade NYSE (ICE) are not exciting enough which bitcoin didn't have in the 2017 bull market, or how about from $3,200 to $12,900 in less than 1 year? Reminds me of a fable, but hey, whatever makes you happy.
Gold broke out to new highs $1,400, bitcoin moved more than twice that in the last 7 days. Gold is $8T MC, bitcoin is $230B, you do the math as the shift continues for a new asset class alternative to gold as SOV for the wealthy and the not so wealthy.
Cash out? There is no urgency to "cash out" bitcoin in the same way there is no urgency to cash out investments in gold, amazon stock or bonds, unless you're a non-believer in which case you wouldn't be holding any, so there's no need to cash out
Exactly. Did you buy anything with bitcoin when it was at 3.2K? Congrats, you just overpaid by 300%!! How about when it was at 6.4K? You still overpaid by 100%. You see where I am going?
A fast appreciating asset can not function as a currency because people actually lose money compared to just holding it. So although bitcoin's bull market might fascinate you, it kills its original idea and role, being a currency.
And if it is NOT a currency anymore, then why am I buying it? Oh yes, because everyone else does..
I don't know how many times I have to tell you this, I'm not on the bitcoin as a currency camp, I'm on the bitcoin as a store of value camp (i.e investment asset). I do appreciate the ability to spend a portion of my investments directly to a merchant vs the gold I have in the safe.
In 2013, there was campaign to get bitcoin accepted in as many stores/retailers by supporting the ones that currently did by spending bitcoin and driving sales volume for these retailers so others may follow them into accepting bitcoin as payment. The idea is to spend bitcoin but to replace your stash immediately, so if you spend 2 bitcoins, make sure you buy 2 bitcoins right before or right after. This may have been ongoing before 2013, but I didn't know about it. I think in some way, it is the reason the $130M (current price) pizza purchase occurred.
I spent .2 btc on a Domino's $20 and .1 btc on a burger king gift card. Do I feel bad? Hell no! I spent $20 and $10 on those .2 btc and .1 btc, so I did not overpay. It's like saying someone bought 100 shares of Amazon at $10, but then sold them for $15/share to buy a big screen TV and then complaining the big screen TV cost the person $1.6M