Bitcoin Price Thread

niko79542 · Dec 9, 2017

Clubber Lang said:
Quick story-
My girl is at her friends kids birthday party.
She called me and said “do you know what crypto currency is”? (I LOL)
She said that’s all everyone is talking about and all the kids put their savings into BTC using an App on their phones.

Kids on cell phones buying unregulated fantasy currency.
I just don’t see how this ends well.
No way are world governments going to let this go on.

There is a forum with 500,000 subscribers. Many of whom have jumped on the band wagon overnight.

https://www.reddit.com/r/Bitcoin/

Another with 118,000 subs

https://www.reddit.com/r/ethtrader/

And they're all buyers. Because the market only moves one direction, right? To top it off, the popular opinion is to shit on those who suggest otherwise. (Not that I would try such a thing. Just that I've seen it happen).

The 2017 party is going to end with a lot of people getting hurt.

Hoi · Dec 9, 2017

niko79542 said:
There is a forum with 500,000 subscribers. Many of whom have jumped on the band wagon overnight.

https://www.reddit.com/r/Bitcoin/
.

I joined that forum in 2013 when it was 90.000 subscribers. And have it seen growing with hard-core educated believers until 300.000 members beginning this year. Indeed the last few months the inflow of 100.000 newbies and gold-diggers didn't do this forum any good.

niko79542 said:
The 2017 party is going to end with a lot of people getting hurt.

No it doesn't. As those newbies are educated by the seasoned members, not to panic, not to invest more than you can lose, and to HODL.

Anyone who is Bitcoin educated (which you aren't yet) knows that we are just beginning, that it will go with lots of ups and downs. We know it's a S-curve technology.

Jakobsberg · Dec 9, 2017

FWIW I may regret it but sold equivalent to original cash investment at 16,000 yesterday. Bought in at 2,000 few months ago. Not sure what is going to happen next week. May buy back at 10,000 otherwise just hodl

Surprise · Dec 9, 2017

Hoi said:
I joined that forum in 2013 when it was 90.000 subscribers. And have it seen growing with hard-core educated believers until 300.000 members beginning this year. Indeed the last few months the inflow of 100.000 newbies and gold-diggers didn't do this forum any good.

No it doesn't. As those newbies are educated by the seasoned members, not to panic, not to invest more than you can lose, and to HODL.

Anyone who is Bitcoin educated (which you aren't yet) knows that we are just beginning, that it will go with lots of ups and downs. We know it's a S-curve technology.

View attachment 180166

Stupid hypothetical delusional graph , everyone has their own version , i may paint you a better one in my spare time .

learner2007 · Dec 9, 2017

The 'Insider Information Counter' is saying that Bitcoin will double.
1 Bitcoin will be worth 2 bits!!

schweiz · Dec 9, 2017

Surprise said:
Stupid hypothetical delusional graph , everyone has their own version , i may paint you a better one in my spare time .

It is in the interest of the believers to pump as much as possible. And dump later.
As bitcoins are pure thin air, the only thing that can cause prices to go up is find new people who want to join, pay very expensive prices, huge risk, and take the hit when things go wrong. In that way the believers protect their own investment. That is the only reason why believers post all over that prices will go much higher. Prices will go up before they go down, and nobody can predict a crash or when it will happen. But the same is true for predicting the future profits.

I know people, who became (based on the value of their portfolio) millionaire investing in stocks, that lost all they have in the following crash. History repeats itself.

Cuddles · Dec 9, 2017

Humpy said:
The day may come soon for the Fed or even Trump to start with words like ban, stop, regulate, tax etc. that will cause a slump in the price. But ok for shorting on the bell curve.

This is my fear... Conservative Hawks who see their bottom line hurt or missed the train will scream free market but will be the first to yell "ban it, these people are idiots who need protection from their decisions."

truetype · Dec 9, 2017

“We’re seeing more calls coming in and asking for information and confirmation that we plan to support this product than for any futures launch in recent history,” said Nick LaMaina, a senior vice president at TradeStation, an online brokerage that plans to support both exchanges’ products. (WSJ)

Cuddles · Dec 9, 2017

Jakobsberg said:
FWIW I may regret it but sold equivalent to original cash investment at 16,000 yesterday. Bought in at 2,000 few months ago. Not sure what is going to happen next week. May buy back at 10,000 otherwise just hodl

No one's gone broke from taking a profit.

Cuddles · Dec 9, 2017

truetype said:
“We’re seeing more calls coming in and asking for information and confirmation that we plan to support this product than for any futures launch in recent history,” said Nick LaMaina, a senior vice president at TradeStation, an online brokerage that plans to support both exchanges’ products. (WSJ)

Bulls or bears? I'm thinking mostly uninformed bulls..... I'm more afraid of the informed bears with corporate pockets.... But they wouldn't be wasting time on the phone.