Bitcoin Price Thread

[Surprise]

Yes bubbles happen. What other point are you trying to make? Sir Isaac sold early, got greedy, bought back higher at larger volume, then lost a lot. He knew much about science but feck all about trading and the South Sea....

Even if bitcoin is a bubble and follows a South Sea type chart it still does not help you know where we are on the curve just now with bitcoin other than the ramp up. It could be 200, 400, 800..... Tulips and the south Sea were country specific, bitcoin is global.

Agree we dont know where the top would be , but its a bubble , anyway bear in mind this bubble have been going on since inception , its not new , it was trading at less than a cent , so its an 8 years bubble so far and counting ....

Remember this : "this time it would be different" , thats always the case in every bubble , people think its different but sadly its not .

 

[Surprise]

How is your Short Future trade doing?

Futures ?

Its working lovely , waiting for higher prices to build the position up , even 100k btc is included in my plan .

 

[Jakobsberg]

Agree we dont know where the top would be , but its a bubble , anyway bear in mind this bubble have been going on since inception , its not new , it was trading at less than a cent , so its an 8 years bubble so far and counting ....

Remember this : "this time it would be different" , thats always the case in every bubble , people think its different but sadly its not .

At what point would you accept your wrong and view it as a new innovation here to stay?
Google, Facebook, Microsoft, Amazon etc were also worth almost nothing in the very early days so saying came from cents and rising for 8 years does not necessarily point to bubble. Same with every company or innovation.

 

[Surprise]

At what point would you accept your wrong and view it as a new innovation here to stay?
Google, Facebook, Microsoft, Amazon etc were also worth almost nothing in the very early days so saying came from cents and rising for 8 years does not necessarily point to bubble. Same with every company or innovation.

Bitcoin is not a new innovation , blockchain is , big difference . I would compare bitcoin to the outdated versions of windows rather than comparing it to microsoft .

 

[Jakobsberg]

Bitcoin is not a new innovation , blockchain is , big difference . I would compare bitcoin to the outdated versions of windows rather than comparing it to microsoft .

I know the difference between bitcoin and blockchain. You can hate bitcoin all you want but I'm still long because the price is going up and even if it goes to zero tomorrow I have made money as sold a few on way up.

Good luck with the shorts. Whats your plan there? Keep building position as it goes higher and pray you do not go broke before the price heads south?

 

[Hoi]

Bitcoin is not a new innovation , blockchain is , big difference ..

Such a dumb comment shows you have really no idea what a blockchain is, how it gets its security and where its innovation is coming from.

Futures short position?
Its working lovely , waiting for higher prices to build the position up , even 100k btc is included in my plan .
..

Lovely? I bet your Broker will not agree, when $100k is touched. You really have no idea where you are up against.

 

[Surprise]

Such a dumb comment shows you have really no idea what a blockchain is, how it gets its security and where its innovation is coming from.



Lovely? I bet your Broker will not agree, when $100k is touched. You really have no idea where you are up against.

Troll

 

[Sprout]

https://www.google.com/amp/s/thenex...-mine-crypto-for-when-robots-take-jobs/?amp=1

“37 workers were responsible for 212 hours of work between them, harvesting a total of 127,210 milliwatts of electricity, and mining 16,954 coins.“

This tech + VR = a very possible future of private prisons.

 

[Sprout]

I think it will drop to zero.
Nothing is impossible for the hackers.

Hackers might manage to mine billions of bitcoins making bitcoins worthless.

Hackers might manage to steal bitcoins and cause massive panic and bitcoin price will nosedive.

I am sure hackers are working very hard now.

https://github.com/Ganapati/RsaCtfTool

Apparently also with the un/intentional help from our own gov’t.

Just how difficult would it be to have a bot crawling through the blockchain testing weak private/public key pairs?

Kinda like a techy car thieves targeting easy cars.

 

[Pekelo]

The rate of production is slowing down to a limit of 21 M limit minus lost coins.

Doesn't matter. As long as more is made than lost, it is INFLATIONARY by definition and design.
Almost all cryptos are.

Now if you want to bring lost coins into the picture, they were lost mostly in the past, so from the loss of the last big chunk there are still more coins. The lost coins only effect the eventual numbers, but since new ones are constantly generated, it inflates (or dilutes if you wish) the existing ones.

Unless you can prove we lose 1900+ coins a day, you are either clueless or lying.