Bitcoin Price Thread

Etisan said:
Yep... cos something that has risen from pennies to $24k & (maybe) falls back to ONLY $18k would be an absolute disaster.....oh wait..
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precisely. What if it falls back to pennies. After all it is made up shit that is being manipulated with another made
Up shit aka Tethers.

still congrats to all holding it. It might go higher, how much higher, time will tell.
 
Etisan said:
Yep... cos something that has risen from pennies to $24k & (maybe) falls back to ONLY $18k would be an absolute disaster.....oh wait..
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Everyone is thinking it's going to hundreds of thousands and millions, these are hilarious times....some magical coin being worth anything is just too funny....hahahahah.......
 
S2007S said:
Everyone is thinking it's going to hundreds of thousands and millions, these are hilarious times....some magical coin being worth anything is just too funny....hahahahah.......
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Whats really "too funny" is those who shout loudest & seem to care the most about the price of bitcoin are those who think/say its "worthless"... guess that comes because they realise they've missed out in participating (so far) in a life changing price rally.
 
Etisan said:
Whats really "too funny" is those who shout loudest & seem to care the most about the price of bitcoin are those who think/say its "worthless"... guess that comes because they realise they've missed out in participating (so far) in a life changing price rally.
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think about. It is “few made out” digits. Hm..... granted so is Fiat, but USD enjoys reserve currency status.
 
S2007S said:
Everyone is thinking it's going to hundreds of thousands and millions, these are hilarious times....some magical coin being worth anything is just too funny....hahahahah.......
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"everyone" ? for every person that thinks this is going to 100k, there's 2 that disagree. I think the ones that are for it are just more vocal b/c they see big changes to their bank account so they chearlead
 
S2007S said:
Dont know if this was previously posted but its an interesting read.....



Bitcoin Bubble: How 'Geeks' Sent Prices Parabolic

Published: Wednesday, 3 Apr 2013 | 12:29 PM ET
By: Jeff Cox
CNBC.com Senior Writer



With the price surging more than 50 percent in just the past three days, even Bitcoin supporters acknowledge that the digital currency is unofficially in bubble territory.

Widespread chatter about the alternative money has sent values parabolic, with one Bitcoin fetching $93.04 at daybreak Monday, then zooming to $141.32 nearing midday Wednesday, according to trading on Mt. Vox, the most popular Bitcoin exchange. (Click here for a Mt. Gox chart)

"There is a little bit of a bubble. I'm not happy about prices going up as fast as they have," said Alan Safahi, CEO of Zip Zap, which bills itself as the largest cash payment processor of Bitcoins. "For any commodity it's normal to have price adjustment, to test new lows and new highs. It's not good to always go up."

Yet that is exactly what Bitcoin has done, swelling from $34 on March 3 all the way up to an intraday high of $147 a month later.
(Read More: Bitcoin Bonanza: Cyprus Crisis Boosts Digital Dollars)

Bitcoin is an open-source digital, highly encrypted currency that is bought and sold online. Buyers give cash and receive a code that allows them to make purchases at a growing number of online retailers.


What's a Bitcoin? And How Did It Break $1 Billion?
Jeff Berwick, Bitcoin ATM co-founder, explains how his company uses digital currency that allows consumers to use peer-to-peer connections for monetary transactions, with CNBC's Rick Santelli.
Lest anyone think they live strictly in the domain of underground computer geeks, no less a source than Art Cashin, the well-respected market veteran and director of trading floor services at UBS, addressed the craze in his morning note to clients.

"It is rare that we get to see a bubble-like phenomenon trade tick for tick in real time. Usually it's kind of regional aggregate pricing like real estate reports," Cashin said. "But, all that may be changing—before our very eyes—quite literally. The bubble du jour may be something called a 'bitcoin.'"
(Read More: Bitcoin Shows 'Aggressive Bubble' Behavior: SocGen)

There are several events that could be tied to the recent surge in Bitcoin trading.

Financial media outlets have glommed onto the trade; the price surged 13.5 percent a week ago, coinciding with a CNBC.com report on the phenomenon.

At the same time, the trade got a huge boost when the Financial Crimes Enforcement Network on March 18, without mentioning Bitcoin specifically, said it will not prosecute those issuing what it deemed "virtual currencies."

Also, Western Union recently said it will begin experimenting with digital currencies for customer convenience.

Throw into the mix geopolitical turmoil, such as the tax imposed on private depositors in Cyprus to stave off the nation's banking crisis, and the stage has been set for a meteoric Bitcoin surge.

"It got traction because it's decentralized, it's not subject to government meddling, it's considered safe and there's limited supply. So that drives value in kind of a commodity-type perception," Safahi said. "We now have a whole new generation of geeks who are willing to accept open-source as reliable."

Whether the Bitcoin craze ever spreads beyond those "geeks" is dependent on several factors.

One of the primary issues is security—critics worry that a clever hacker could plow into a Bitcoin system and pilfer accounts with aplomb. Some were concerned that volatile Wednesday trading, which saw a range from $147 at the high to $107.08 at the low, suggested the system is subject to a "Hack Crash" similar to the stock market's 2010 "Flash Crash" that sent major averages plummeting in a matter of minutes.



"It's impossible to ignore, because everybody is tweeting me about it. It's on everybody's radar displays," said Boris Schlossberg, managing director at BK Asset Management. "As far as a viable currency, it's a fantasy in most people's eyes, but it's definitely emblematic that there's a huge amount of anxiety among the investment class."

Schlossberg figured the enthusiasm w`ill last as long as it takes for the government to decide Bitcoin use has become too widespread not to be regulated.

"At the end of the day if the government decides to regulate it one way or the other you may wind up with just a bunch of code in your hands and nothing else," he said. "It doesn't really have any value other than it's socially acceptable."
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I started buying from localbitcoins around April, 2013. I didn't go all in. I kept buying more when the price kept going up eventually "crashing" and the bear market started after bitcoin hit over $1,200 Localbitcoins was preferable even if there was a 10% markup in price as I could use Credit Cards to purchase. I bought from Coinbase too in Sept, 2013 but direct from bank acct, $136.47/btc

There was not much adoption for bitcoin, both as form of payment or an investment asset (can't use as collateral for a loan or used in trading strategies, and CME futures was still years away)

Your first post on the cryptocurrencies forum was promising that you could have been orange-pilled. Sadly, you had difficulties understanding bitcoin according to your second post on the forum months later.

I had an advantage, my job is in IT, but it took me a couple of weeks of on and off reading to get comfortable to put $ in bitcoin. Everyone I told at work did not show the little bit of interest. Not even pretend interest. I could tell because of dead silence, no questions, reactions.

I would be so proud of a copy of the bitcoin blockchain I carried in a 16GB USB flash drive. Bitcoin blockchain was about 8GB in size at the time. I was too poor to buy a 32GB, until it was needed. I also had doubts when price went down to about $85 or maybe a little bit lower.

Anyways, good old days back then, huh?
 
Nice dip, now send it to 30k$+ Elon

BTC is kinda floating in the air so i have no technical level or something i bought randomly... But some of altcoins dipped nicely into supports on daily levels.

I would get out if it went below previous ATH probably? Not sure if this is a good idea, it makes sense to me though lol.

My plan is basically to hodl into euphoric top and then buy altcoins on capitulation and hedge by shorting bitcoin, basically betting on alt/btc pairs.

My theory is that the whole markets world wide are topping. This is the last 1/8th of the decade long bull market. They say nothing can prepare you for the first or last part of the market cycle. BRING IT ON!!!!
 
23800 potential resistance, it's where i have to take the risk off... Might be stupid and it continues to trend, who knows. Daily is a straight up candle.
Anyways i won't post anymore cuz then i feel like i have obligation to update or sht and it's just stupid and i am bad anyways,
 
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