Bitcoin Price Thread
- Thread starter Magna
- Start date
No
I would probably buy it somewhere under $2000 ...other than that no...if anyone is thinking of buying they should only buy 1/10th at these levels or about a $1000 worth....
I had a friend of mine buy a 1/2 around $600 about 2 and half years ago...I was with them the day they bought it, they said why don't you buy I said because it's going to lose half it's value ....fast forward it lost half it's value some months later like I predicted, but I myself didn't bother to buy...it wasn't easy to buy back in 2014/2015, I researched it... only recently in the last 3-6 months has it become an easier thing to buy, for now I'm not touching it...if it gets below $2000 I might consider it but for now nope....
Some poor schmuck converted his life savings to a full bitcoin at 11,800 and then sold the bottom at 8500 or whatever 20 mins later, I guarantee it.
Somehow these retail bitcoinerz have defied all logic with their hodl philosophy, congrats to the earlier adopters, hopefully all these hodlers have a cost basis below 8K and not all put on credit cards. If I was visa/mastercard I'm not sure I'd be very happy about this. Well maybe I would, hard to tell.
The digital currency dropped more than 18 percent from a record high of $11,388.33 to $9,290.30 on Wednesday, according to CoinDesk. Bitcoin then attempted to recover the $10,000 level in the late afternoon and was last trading around $9,897. Trading was extremely volatile as exchanges struggled to keep up with the surging demand.
Coinbase, the leading U.S. website for buying and selling bitcoin, reported record high traffic Wednesday. Services were unavailable for some customers. Coinbase's GDAX exchange also reported "performance issues and downtime" Wednesday afternoon, but as of about 3:20 PM ET, it said those issues had been resolved.
Coinbase, the leading U.S. website for buying and selling bitcoin, reported record high traffic Wednesday. Services were unavailable for some customers. Coinbase's GDAX exchange also reported "performance issues and downtime" Wednesday afternoon, but as of about 3:20 PM ET, it said those issues had been resolved.
Credit cards to buy virtual magic coins....I think that was one way of trading Bitcoin...why any fool.would use a credit card to buy anything other than some merchandise from JCPenney's is beyond me....
Nothing like paying off credit card debt at an APR of 15.99999999999999999%%%
Fools
Yep just as I thought....prices start to rapidly drop and you are watching profits turn into losses as you cant login.....you would think in 2017 with all this high tech that we have going on that something like this wouldn't take place, don't they test these systems before implementing them......
People also reported being locked out of accounts on GDAX, Coinbase's professional trading platform, and Bitstamp, a bitcoin exchange based in Luxembourg.
Users of the digital exchanges saw slowed performance on the websites and in some cases still cannot log into their accounts.
People also reported being locked out of accounts on GDAX, Coinbase's professional trading platform, and Bitstamp, a bitcoin exchange based in Luxembourg.
Users of the digital exchanges saw slowed performance on the websites and in some cases still cannot log into their accounts.
