Bitcoin now at 7000+

[Smack dat]

Shall we carry on like this to 10k?

[CaptainHowdy]

When will it burst??

[PornDude]

It won't.

[Konda]

Originally Posted by CaptainHowdy

When will it burst??

It will only to up, there will be some corrections probably, but long term it will keep going up for the next couple of years

[Paul&John]

Originally Posted by CaptainHowdy

When will it burst??

hope not soon

[NickBaer]

And soon we will have BitCoin Cash in our pockets as well.

[adultchatpay]

keep going, keep going!!!!!

[James_w]

Originally Posted by CaptainHowdy

When will it burst??

didnt think it would get past 3k

[pimpmaster9000]

117 billion market cap...0.1% need to cash in to bankrupt all exchangers...

oh and this 0.1% figure is constantly falling...lets say bitcoin soars to 14K...then only 0.05% need to cash in to bankrupt all exchangers...at 28K, that is 4x todays worth, just 0.001% need to cash in to bankrupt all exchangers...

[ruff]

Originally Posted by crucifissio

117 billion market cap...0.1% need to cash in to bankrupt all exchangers...

oh and this 0.1% figure is constantly falling...lets say bitcoin soars to 14K...then only 0.05% need to cash in to bankrupt all exchangers...at 28K, that is 4x todays worth, just 0.001% need to cash in to bankrupt all exchangers...

oh noes

[Konda]

Originally Posted by crucifissio

117 billion market cap...0.1% need to cash in to bankrupt all exchangers...

oh and this 0.1% figure is constantly falling...lets say bitcoin soars to 14K...then only 0.05% need to cash in to bankrupt all exchangers...at 28K, that is 4x todays worth, just 0.001% need to cash in to bankrupt all exchangers...

lol what are you talking about? Your numbers are 100% wrong and made up.

just the last 24h alone over $4.4 billion was traded
https://coinmarketcap.com/currencies/bitcoin/

Volume (24h)
$4,465,960,000
630,420 BTC

Also why would it bankrupt an exchanger, they are just facilitating the buys and sells, eg if someone wants to buy bitcoins for amount x the exchanger finds someone who wants to sell it for that amount. How could an exchanger ever go bankrupt, they just match buyers with sellers like a stock exchange... You have obviously no idea how this works.

It's soley based on supply and demand, just like stocks or banks. A bank or company would not have the money either if everyone wanted to sell / 'cash out' at the same time. But if someone want to sell there is always someone who wants to buy. If more people want to sell than buy the price will go down, if more people want to buy than sell the price will go up. It's very simple.

And then you can say it's not backed up by 'real value' (like gold for a bank). The value of something is what is perceived, gold itself has no value either it's just a piece of 'metal', but the price and value is made by supply and demand.

[djroof]

wow this going huge!

[JerseyPuma]

Originally Posted by crucifissio

117 billion market cap...0.1% need to cash in to bankrupt all exchangers...

oh and this 0.1% figure is constantly falling...lets say bitcoin soars to 14K...then only 0.05% need to cash in to bankrupt all exchangers...at 28K, that is 4x todays worth, just 0.001% need to cash in to bankrupt all exchangers...

is this a troll post or are you a moron?

[pimpmaster9000]

Originally Posted by Konda

lol what are you talking about? Your numbers are 100% wrong and made up.

just the last 24h alone over $4.4 billion was traded
https://coinmarketcap.com/currencies/bitcoin/

Volume (24h)
$4,465,960,000
630,420 BTC

"""volume""""....this includes crypto to crypto that is the bulk part of the volume...

I remember reading kraken had a 100.000$/day withdraw limit...

I am no expert on speculation but this thread on bitcointalk makes it sound like it is a big deal to cash out just 5million:

https://bitcointalk.org/index.php?topic=1960578.0

so my theory that cashing out 100million would seriously impact the ability of exchangers to do business is not so far fetched...

Originally Posted by Konda

Also why would it bankrupt an exchanger, they are just facilitating the buys and sells, eg if someone wants to buy bitcoins for amount x the exchanger finds someone who wants to sell it for that amount. How could an exchanger ever go bankrupt, they just match buyers with sellers like a stock exchange... You have obviously no idea how this works.

sure I do I was an exchanger for egold...you see when nobody wants to buy but everybody wants to sell you go out of business...I remember egold being exchanged out to fiat for 50%-90% during the run

Originally Posted by Konda

If more people want to sell than buy the price will go down, if more people want to buy than sell the price will go up. It's very simple.

exactly...this creates panic...panic creates runs...

Originally Posted by Konda

And then you can say it's not backed up by 'real value' (like gold for a bank). The value of something is what is perceived, gold itself has no value either it's just a piece of 'metal', but the price and value is made by supply and demand.

you can not compare BTC to real money...real money is backed by governments and armies...BTC is not...this makes it inherently unstable and fragile...

[Konda]

Originally Posted by crucifissio

you see when nobody wants to buy but everybody wants to sell you go out of business...

exactly...this creates panic...panic creates runs...

Of course, but we are still at a point where more people want to buy and I personally think this will continue for years to come.
If in the same time bitcoin or a fork doesn't become something of more real value there is always a chance it will crash and create runs. But I still think this won't happen in the foreseeable future. Sure there will be corrections, but a crash I don't see happening, because we are still in a fairly early stage where if it would go down a lot there are tons and tons of people waiting to buy at that price. I think as a long term (3 - 5 year investment) it's still a very safe bet.

[JFK]

Originally Posted by Paul&John

hope not soon

[HomerSimpson]

Originally Posted by crucifissio

117 billion market cap...0.1% need to cash in to bankrupt all exchangers...

oh and this 0.1% figure is constantly falling...lets say bitcoin soars to 14K...then only 0.05% need to cash in to bankrupt all exchangers...at 28K, that is 4x todays worth, just 0.001% need to cash in to bankrupt all exchangers...

yeah but since the price is rising, most ppl are buying and therefore keeping their money in bitcoins... shit will hit the fan once most people will start getting out..

[Google Expert]

big buy going on before sw2x

[Smack dat]

Originally Posted by Google Expert

big buy going on before sw2x

I have just sold a bit. Last time I sold "a bit" it went up 2k...

We will see if it does the same it will be at 10k if not it will be down at 3k

[beerptrol]

I sold my remaining bitcoin in order to buy another investment property. I bought these when they were around 310 bucks

[bluebook18]

BTC is now $7k and people still debating...

[bluebook18]

Originally Posted by beerptrol

I sold my remaining bitcoin in order to buy another investment property. I bought these when they were around 310 bucks

Great, How much did you made?

[jscott]

dumbest mofo on gfy = crussifisco

this guy been saying the same shit since 2013 its like an anti-learning bot lol

poor guy

[jscott]

CME group joining in on futures

[Spunky]

I'm going to kick myself over this one for years, but I still don't believe long term

[pimpmaster9000]

Originally Posted by jscott

dumbest mofo on gfy = crussifisco

this guy been saying the same shit since 2013 its like an anti-learning bot lol

poor guy

the world has really never seen anything like bitcoin before:


Tulips grow from bulbs, and can be propagated through both seeds and buds. Seeds from a tulip will form a flowering bulb after 7?12 years. When a bulb grows into the flower, the original bulb will disappear, but a clone bulb forms in its place, as do several buds. Properly cultivated, these buds will become bulbs of their own. The mosaic virus spreads only through buds, not seeds, and so cultivating the most appealing varieties takes years. Propagation is greatly slowed down by the virus.

[jscott]

In all these years your persistent bashing and false information spreading about Bitcoin has done nothing for you. It's sad. Look at the gains you'd have made by researching what bitcoin is and trying to understand it rather than forever hating on it

[magneto664]

What you do if price for one bitcoin will be something around 30k usd? You really believe that you sell it and buy yourself a new lambo
hahaha

[Look Chang]

Originally Posted by CaptainHowdy

When will it burst??

Just wait 6 to 8 months...

[adultforum]

Buy everything China ban )

[ruff]

Bitcoin + Tulips = Crucifissio

[tokmansta]

Originally Posted by jscott

In all these years your persistent bashing and false information spreading about Bitcoin has done nothing for you. It's sad. Look at the gains you'd have made by researching what bitcoin is and trying to understand it rather than forever hating on it

No, i just think he wants you to say that it's a shitshow but it makes money, so why not ride the train while it lasts?

[Smack dat]

Originally Posted by Smack dat

I have just sold a bit. Last time I sold "a bit" it went up 2k...

We will see if it does the same it will be at 10k if not it will be down at 3k

See I told you. I sold last night. If I had waited until today I would be £300 better off..

[Smack dat]

Originally Posted by magneto664

What you do if price for one bitcoin will be something around 30k usd? You really believe that you sell it and buy yourself a new lambo
hahaha

And why not?

[freecartoonporn]

there are rumours, that 1 btc is going to be 1 million., but it will take time ., like some serious time.

remember, you heard it from me first.

i am not sure about 1 mil though, ill settle for even 100k.

[Sid70]

I have purchased 1000 BTC for $100 back in the day. Wait, should I cash out and stop working?

[CaptainHowdy]

[rowan]

Originally Posted by freecartoonporn

there are rumours, that 1 btc is going to be 1 million., but it will take time ., like some serious time.

remember, you heard it from me first.

i am not sure about 1 mil though, ill settle for even 100k.

20 trillion (20,000 billion) dollar market cap?

[Pornopat]

Originally Posted by beerptrol

I sold my remaining bitcoin in order to buy another investment property. I bought these when they were around 310 bucks

Huge congrats!

[iWeb888]

I think bitcoin will rise again. Even more.

[freecartoonporn]

Originally Posted by rowan

20 trillion (20,000 billion) dollar market cap?

as i said, it will take time., may be next 15-20 years.

so buy a smuch a s you can ., and get ready to retire.

[rowan]

Originally Posted by freecartoonporn

so buy a smuch a s you can

Never good investment advice

[jscott]

Originally Posted by rowan

Never good investment advice

ummm

Originally Posted by Dirty F

Buy.

As much as you can.

bad advice really? from this thread

[mineistaken]

Originally Posted by freecartoonporn

there are rumours, that 1 btc is going to be 1 million.,

How guessing/predicting something can be called a rumor? As if somebody knows it for a secret fact?

[rowan]

Originally Posted by jscott

bad advice really? from this thread

Yeah that's great if you have a time machine - may as well go all the way back to 2009 if so - but in the real world, who knows if there's going to be a correction to $1000 or $500 tomorrow?

Spend only what you can afford to lose.

But if you're reasonably confident the value will continue to rise, you could:

- Gradually sell off a partial amount to (eventually) recover your capital. Everything after that is risk free... but not necessarily facepalm free.

- Set long term sell orders that will automatically sell off enough to recover your capital if the price crashes. Again you could be facepalming if the order is too aggressive and a momentary dip triggers it

[jscott]

ya time machine is nice

but everyone knows by now the current price is based on tiny % of what it could become. Sometimes the risk is worthwhile

[jscott]

btw rowan your strategy is similar to my thinking, wanna benefit from the gains but still play safe enough to not lose everything

if you are available to play full time tho, you can build a much higher amount of coin to ensure your possible loss is minimal (and gain can be max). if not willing to put time to build, then i'd say your advices are nearly perfect

[Pornopat]

For the people that dont remember the password to a cryptowallet they made years back when coins were still cheap:
https://www.cryptovinder.com/en

[ruff]

You know that Bitcoin has been noticed by Wall Street yes? Some flash dude puts some in one of his portfolios and suddenly the fund is producing 20-30% gains. So at 7k, 10k, maybe 30k somebody is buying. Who knows what is going to happen, but I will tell you one thing. It is happening NOW. You can sit on the side lines and forecast calamity and that's fine but you are a broke fuck. If a calamity comes you will still be a broke fuck. If it doesn't and you don't buy any Bitcoin, hey, you are still a broke fuck. Cheers.

[romeo22]

it went to high...when do you think it will be the crash?