Bitcoin Price Thread

[m22au]

The recent decline in Bitcoin since 9.11pm ET seems to have started at Bitfinex. At that time, Bitfinex price was $16,840, but since then its discount to other exchanges has widened.

Less than 24 hours ago the Coinbase to Bitfinex spread was "only" $200 or $300, but now it's over $1,000.

.

 

[S2007S]

The collapse will be epic, totally fu$king EPIC!!!!!!



Virtual currency bitcoin has officially become the largest bubble in history, eclipsing the notorious "Tulip Mania," the speculative bubble that shook the Dutch economy before it collapsed in 1637.
According to analysts Howard Wang and Robert Wu from Convoy Investments, the bitcoin price has“gone up over 17 times this year, 64 times over the last three years and superseded that of the Dutch tulip’s climb over the same time frame.”

 

[S2007S]

The recent decline in Bitcoin since 9.11pm ET seems to have started at Bitfinex. At that time, Bitfinex price was $16,840, but since then its discount to other exchanges has widened.

Less than 24 hours ago the Coinbase to Bitfinex spread was "only" $200 or $300, but now it's over $1,000.

.

Why would anyone be buying a magical coin let alone something with such a crazy spread on different exchanges...makes absolutely zero sense....people cry about a 1/16 of a spread on stocks!!!!!

This fairytale money will never be currency due to the extreme volatility and the fact hackers can hack your stash at any time!

 

[just21]

This fairytale money will never be currency due to the extreme volatility and the fact hackers can hack your stash at any time!

Why is the dollar collapsing against one bitcoin? It has been a better store of wealth than anything over the last 8 years.

 

[Overnight]

Why is the dollar collapsing against one bitcoin? It has been a better store of wealth than anything over the last 8 years.

The dollar is collapsing against bitcoin? Well, that's the only thing it is "collapsing" against. $20,000 USD will buy pretty much same car last year as this year.

Buy a car last year for 20 bitcoin. This year you can buy same car for 1 bitcoin.

That would be buying the same car this year for $1,000 USD.

Thankfully the USD is much more stable when it comes to buying good and services. This is also why it seems insane to treat bitcoin as a currency with purchasing power.

 

[just21]

http://www.shadowstats.com/alternate_data/inflation-charts calculate the cpi the same way it was in 1990 and get 6.0%. The way it was calculated in 1980 gives 10%. Inflation is a lot higher then the government admit.

 

[Surprise]

http://www.shadowstats.com/alternate_data/inflation-charts calculate the cpi the same way it was in 1990 and get 6.0%. The way it was calculated in 1980 gives 10%. Inflation is a lot higher then the government admit.

And ? No one is saying to store value in dollars , all assets went up during the period same as income and salaries .

 

[just21]

No one is saying to store value in dollars

Lots of people do.

 

[Surprise]

Lots of people do.

Sure we should keep some cash but the rest should be diversified on other assets .

 

[algofy]

Here it goes, this thread is finally turning to shit....took awhile.