|
|
05-02-2017, 05:27 PM
|
#1
|
Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,735
|
Bitcoin at all time highs
while gold prices throughout the world are staggering. go figure
|
|
|
05-02-2017, 05:42 PM
|
#2
|
Registered User
Join Date: Jan 2006
Posts: 28,546
|
The world's new currency!
__________________
Live to play another day.
|
|
|
05-05-2017, 06:57 AM
|
#3
|
Registered User
Join Date: Sep 2007
Posts: 4,149
|
Its insane. I put $200 in to fund my 5dimes account on 4/22 but wound up not doing so, funded it another way. I now have $257 in my coinbase. A huge return in two weeks.
|
|
|
05-05-2017, 11:03 PM
|
#4
|
Registered User
Join Date: May 2011
Posts: 22,629
|
Quote:
Originally Posted by RunForTheRoses
Its insane. I put $200 in to fund my 5dimes account on 4/22 but wound up not doing so, funded it another way. I now have $257 in my coinbase. A huge return in two weeks.
|
It is only a return if you realize it - bitcoin has also had some mighty crashes in it's history
|
|
|
05-18-2017, 03:41 PM
|
#5
|
Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,735
|
still going higher every day. now $1858 was $752 beginning of the year was $.06 in 2010.
i don't understand this alternative currency, but i guess it fooled me and most other people. i am thinking that gold has to catch up to this.
|
|
|
08-14-2017, 09:58 AM
|
#7
|
Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,735
|
correct me if i am wrong, bitcoin is just another form of currency that you can use to either store or transfer it to others so you can pay for something. there is no actual coin or piece of paper, just something that has been created in cyberland.
seeing that it is an alternative currency, its alternative is all the other currency's in the world including gold and silver to bitcoin. so the price is based on the value or lack of value of things like united states dollars, japaneese yen, chinese yuan, russian rubbles, british pounds and gold and silver
to me this price action is saying that every other currency is going to hell in a handbasket including gold.
the way that bitcoin has been trading is quite scary to me, its basically saying that the world is coming to an end. i for 1 am not about to subscribe to that theory. i will continue to breath this great air and hopefully for another 20 years or so.
|
|
|
08-14-2017, 10:25 AM
|
#8
|
Registered User
Join Date: May 2011
Posts: 22,629
|
Quote:
Originally Posted by lamboguy
to me this price action is saying that every other currency is going to hell in a handbasket including gold.
.
|
to me, this action is saying that bitcoin is trading in a bubble
|
|
|
08-14-2017, 11:32 AM
|
#9
|
Registered User
Join Date: Jun 2008
Posts: 10,163
|
Quote:
Originally Posted by davew
to me, this action is saying that bitcoin is trading in a bubble
|
Ding, ding. Ding.. we have a winner.
|
|
|
08-14-2017, 09:08 PM
|
#10
|
tmrpots
Join Date: Jun 2008
Posts: 2,285
|
.
|
|
|
08-15-2017, 09:14 AM
|
#11
|
Registered User
Join Date: Dec 2016
Posts: 157
|
Some analysts are predicting $13,000 by January. Bitcoin gets all the publicity, but there are quite a few "new" cryptocurrencies gaining traction available to purchase on coinbase. Time will tell if this is all one long pump and dump or the currencies of the future.
|
|
|
08-15-2017, 09:43 AM
|
#12
|
Registered User
Join Date: Jun 2008
Posts: 10,163
|
Quote:
Originally Posted by BaffertsWig
Some analysts are predicting $13,000 by January. Bitcoin gets all the publicity, but there are quite a few "new" cryptocurrencies gaining traction available to purchase on coinbase. Time will tell if this is all one long pump and dump or the currencies of the future.
|
Where would you place your bet on that question? Seems pretty obvious doesn't it. Bitcoin can go away tomorrow if the govt wanted it to. Simply by opening an investigation into either money laundering and terrorism financing. Bitcoin and others like it is a fragile commodity, and stands only because govts are currently finding it convenient to let them live. Once that convenience ends, ...
|
|
|
08-15-2017, 11:23 AM
|
#13
|
Veteran
Join Date: Feb 2013
Location: Washoe County, Nevada
Posts: 2,253
|
Quote:
Originally Posted by tucker6
Where would you place your bet on that question? Seems pretty obvious doesn't it. Bitcoin can go away tomorrow if the govt wanted it to. Simply by opening an investigation into either money laundering and terrorism financing. Bitcoin and others like it is a fragile commodity, and stands only because govts are currently finding it convenient to let them live. Once that convenience ends, ...
|
Unless the internet is shut down in total, there is no way for any government to completely shut down Bitcoin. Part of the reason blockchain is popular is because of it's lack of dependence on any central control. Bitcoin is a ledger where transactions are entered. That's all it is.
That doesn't mean there aren't ways for a government to make things difficult for it's citizen's to openly transact on that ledger. But there are also ways around most of the likely restrictions.
|
|
|
08-15-2017, 11:30 AM
|
#14
|
Veteran
Join Date: Mar 2005
Posts: 314
|
Quote:
Originally Posted by _______
Unless the internet is shut down in total, there is no way for any government to completely shut down Bitcoin. Part of the reason blockchain is popular is because of it's lack of dependence on any central control. Bitcoin is a ledger where transactions are entered. That's all it is.
That doesn't mean there aren't ways for a government to make things difficult for it's citizen's to openly transact on that ledger. But there are also ways around most of the likely restrictions.
|
But they could make it illegal in their country which would have a dramatic affect on pricing. If those want to have exposure GBTC. I went short 10 shares today will cover on break of all time high.
|
|
|
08-16-2017, 12:34 PM
|
#15
|
Registered User
Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
|
Modern day Tulip-mania. Manias never end well.
|
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
|