That escalated quickly
The question we should all be asking is if the price of each Bitcoin will hit $10,000 tonight on GDAX? Or will we have to wait another day?
We?
Bitcoin Price Thread
- Thread starter Magna
- Start date
We?
We = the ones who are interested in the Bitcoin price since it's the title of the thread "Bitcoin Price Thread" lmao
Dunno man, I would never refer to waiting for a price as , "we" .
Kinda, you know, lame , fanboyish
Kinda, you know, lame , fanboyish
I had to look this up. Apparently it means "hold".
Hodl is shorthand for hold on for dear life
Do people even know what they are buying?
This looks eerily similar to the tulip bulb mania of 1637 (according to the accounts). At the peak, one bulb of tulip was the yearly wage of 10 people! Not sure what a real 'bitcoin' is worth, but maybe when it gets to the yearly wage of 10 labourers (or about 250K) we will peak - so there is much room left if you are long
Just remember when the run for exits starts, you won't be fast enough!
Its stunning the powers that be have allowed this to go on this long. Blockchain technology - yes great. But bitcoin as a store of value - no way: no store of value rises 100-fold in a couple of years.
Hi @neke,
I'm was a big fan of your Survival journals, read all your posts and a pity that your stopped. How is it going now?
At that time I compared my P&L with yours and although we trade differently we matched more or less. Until I focused my attention more to crypto (and made huge profits). Sorry I should have posted about that in your threads, but I didn't as it was off context.
Yes, neke. Most do indeed know very well what they are buying. The thing is: its not that easy to buy and hold coins, there is a barrier in time (opening accounts) and knowledge (learning how to handle coins safely). So people search and read and encounter lots of naysayers and tulip trolls as well. Still if people get intrigued in the technology and begin to understand its implications, they jump the barrier and buy with an understanding. By the way: this year's jump is not caused by Joe public, but by big money managers and Hedgefunds, who do their due diligence.
I'm sure if you are open to learn, you will understand why this new asset class is so hot. And why it's a great product to trade with it's huge volatility and volume (yesterday $13 billion a day).
And no: a blockchain alone doesn't work without incentives. But you will understand that later.
It's not centralised....you can shut down somewhere like China did....doesnt affect anywhere else.
Um no....virtually all currency trading is speculation.
Will be curious to see the impact of the new futures contracts on BTC.... see what happens when there are shorts in the market place.
CME talking Bitcoin right now -
*CME SAYS RETAINS RIGHT TO LIMIT CUSTOMER EXPOSURE TO CONTRACTS BN 09:11
*CME SAYS IT CAN ADJUST MARGIN, CAPITAL LEVELS DURING SESSION BN 09:11
*CME OUTLINES RISK MANAGEMENT TOOLS FOR BITCOIN FUTURES BN 09:11
*CME GROUP'S TIM MCCOURT COMMENTS AT BITCOIN CONFERENCE IN NY BN 09:11
So do consider yourselves the grand high exalted final arbiter of how much profit everybody else should make on any trade - bitcoin or otherwise?
Or why just bitcoin?