BITCOIN DONE - SELL NOW $708. DONT be DROWNING with the ship.

[eidolon]

What happened in the middle of May that made Bitcoin jump up so much the last few weeks?
Was there a report of more users on the business side accepting the payment?
When is the next time more Bitcoins are going to be added?

[raiders72001]

What happened in the middle of May that made Bitcoin jump up so much the last few weeks?
Was there a report of more users on the business side accepting the payment?
When is the next time more Bitcoins are going to be added?

Chinese Yuan and controls in China.

[QuangX]

There is no downside to me sitting tight though. The MOST I paid for any coins was $458, so even if it drops after halving, it should still be above $650 which would be fine by me to sell.

lt makes a great point......

[QuangX]

Nice job in purchasing at $458. I remember you saying that the price would rise. I was riding the fence at the time and still have no idea or opinion on where it's going.

The one thing I disagree with is the halving. Someone posted that the price is built in. Since this wasn't a new thing that just popped up, I would agree with that thought. It already happened once in 2012.

China is controlling the bitcoin market and it's based upon their economy and thoughts.

In the last 30 days 82% of the volume was traded at OKCoin CNY

That's a bad thing. China can collapse the bitcoin currency anytime they want to by massive sell. beware

[Ghenghis Kahn]

That's a bad thing. China can collapse the bitcoin currency anytime they want to by massive sell. beware

this time is a little different. the reason why the chinese are transferring their wealth to bitcoin is the weakening of the yuan.

but you never know with the cryptocurrency whales. the price is manipulated by them no doubt.

[Limited]

Actually BTC is the currency where only the market can determinate the price, there is no central regulator. Big players will always try to manipulate the price but they can do that also with regular currencies.

[Ghenghis Kahn]

Actually BTC is the currency where only the market can determinate the price, there is no central regulator. Big players will always try to manipulate the price but they can do that also with regular currencies.

of course, whales always determine the price whether it's crypto or fiat. heck we all know, the most manipulated market is the stock market. so to warn people of btc is just ludicrous. if you don't know what you're getting into, i say stay out of the kitchen.

[themike78]

Bitcoin is a scam. It will be nonexistent in 2 years. Until then it's great to get money in and out of books.

[Ghenghis Kahn]

Bitcoin is a scam.

please explain.

[themike78]

Sorry I just wanted to see the response. But honestly I have seen a bunch of reports claiming it is. To be honest I don't know who to believe. Maybe it's here to stay maybe not. Who knows? It will be interesting to see what happens with it though.

[Ghenghis Kahn]

lol what? more than anything it's the fiat currency that's the true scam. they're printing money out of thin air and telling you it's backed by something? ask yourself, what is it backed by? us dollar once was backed by gold but nixon changed all that. so get educated before you start spreading nonsense.

why do you think there's chaos in the middle east. all the countries that produce oil are catching on to the scam and they don't want to deal with the us dollar anymore. guess what happens to countries that do not acquiesce? they get overthrown and get taken over by someone that will... once you understand what's truly going on, it's really disgusting. it's all about the petrodollar. but the scam is getting exposed and the banksters are panicking. these fukks are planning something big. started with the orlando shooting. this isn't gonna be a good year. just watch...

[LeahMichele]

Bitcoin down today. $681 now

[TheMoneyShot]

I know people claim that Bitcoin is just small time for us gamblers etc.

I'm just curious what Bitcoin does when the NBA playoffs are over?

It sort of spiked when the NBA playoffs began.... just wanted to see what happens when it's over? Could be pure coincidence... but... just wanted to see the final numbers.

[LT Profits]

I know people claim that Bitcoin is just small time for us gamblers etc.

I'm just curious what Bitcoin does when the NBA playoffs are over?

It sort of spiked when the NBA playoffs began.... just wanted to see what happens when it's over? Could be pure coincidence... but... just wanted to see the final numbers.

Pure coincidence unless the Chinese used BTC to get down millions on NBA Playoffs!

[Otters27]

Screw y'all and your Bitchcoin.

Only way I can get a payout unreal. 

Wouldn't have lost my ass last night if I could just get my money like I used to.

Biggest reason why I keep losing my balances. Can't cash out when I want

[Sam Odom]

Great Info in here...

[dirtdog52658]

It has to do with bitcoin's halving coming up. Miner fees are going to be cut in half. Some miners pulled out (which down the line will cause transactions to be slower), the others are very reliant on price rising to be able to cover operational costs.

[jjgold]

trade it fast

in and out

[Memento]

Bitcoin down today. $681 now

Up to $695 now....going higher.

[importmoon]

we are living in a world of rigged and manipulation who the fukk cares bottom line is if you can take profit and get the hell out... I don't mind to take care Uncle Sam if I can make profit... wouldn't you?

[Sam Odom]

waiting for it to break 700 again then HOLD

[Ghenghis Kahn]

i'll tell you one thing. you can't go wrong with bitcoin, gold, or silver. you can thank me later. i'll bump this in 2017. they'll be way way way up than now...

[Memento]

waiting for it to break 700 again then HOLD

Well...it is there. $705

[Memento]

Well...it is there. $705

Make that $725

[gauchojake]

Noooooooooo

[vividjohn45]

nobody knows

we guess

Bitcoin is Russian roultette

I agree. Ill pass on this shit

[d2bets]

$730

[jjgold]

it goes up and it goes down just like stocks

I hope you guess right because zero strategy

[d2bets]

$200 to $730 in 9 months.

[Ghenghis Kahn]

it goes up and it goes down just like a $200 escort

yes she does

[TheMoneyShot]

Is the China stock market stable?

Kahn... you said they intentionally fluctuate bitcoin.

Why are they doing this?

Will their plan backfire?

[Ghenghis Kahn]

Is the China stock market stable?

Kahn... you said they intentionally fluctuate bitcoin.

Why are they doing this?

Will their plan backfire?

well that's how whales make more. they use the pump and dump, rinse, and repeat strategy. i'm not 100% sure but just imagine if you had high frequency trading bots that can manipulate prices and buy low and sell high.

when you see crazy volumes it's the bots fighting themselves and humans have no control over that. these high frequency trading bots are in all trading platforms and not just cryptocurrencies. it's just that crypto market is smaller.

[Ghenghis Kahn]

you see that crazy dip. that happened yesterday and that was all done by high frequency trading bots.

[3runhomer]

755 High today.

Halving has some influence...but most of this rise is China. They are dumping their money into Bitcoin!

[Memento]

755 High today.

Halving has some influence...but most of this rise is China. They are dumping their money into Bitcoin!

Huobi goes over 5500 soon and then it could be fun.