Bitcoin Price Tracking & Discussion -- 2017

raiders72001 · 05-25-17, 11:09 AM

Originally posted by Russian Rocket

Most wallets now charge the same flat fee (in btc), that they were charging a year ago.
Do you have the info that it's going to change or you're just saying that it's a possibility?

If SegWit and Lightning are implemented, then the fees will go down. At least I hope so.

Sam Odom · 05-25-17, 11:11 AM

Sammy hates (dont use) wallets that cannot be manually adjusted for fees

app wallets are the worse but they are convenient

Russian Rocket · 05-25-17, 11:14 AM

Originally posted by raiders72001

If SegWit and Lightning are implemented, then the fees will go down. At least I hope so.

Gotcha

Otters27 · 05-25-17, 11:53 AM

Bitcoin is crashing

arie1985 · 05-25-17, 12:07 PM

Originally posted by Otters27

Bitcoin is crashing

It has history of crashes but it always bounced back.

raiders72001 · 05-25-17, 12:11 PM

Bitcoin Core Developers just said that implementing SegWit by September is unrealistic. I think it will go back up tonight when Asia wakes up.

Otters27 · 05-25-17, 12:28 PM

Now under 2300

TheSideBet · 05-25-17, 12:39 PM

Those two big moves right before noon look live they've settled now.

Any thoughts on the big $$ buying in so much for ransomware payment options?

raiders72001 · 05-25-17, 01:01 PM

Coinbase down.

raiders72001 · 05-25-17, 01:03 PM

GDAX (Coinbase Exchange) is up.

arie1985 · 05-25-17, 01:07 PM

Are you guys trading this on a day to day?
I purchased it for several years as a "fixed deposit", I could care less about movements today/tomorrow.

What's the benefit of trading the unknown on a day to day basis?

raiders72001 · 05-25-17, 01:28 PM

Originally posted by arie1985

Are you guys trading this on a day to day?
I purchased it for several years as a "fixed deposit", I could care less about movements today/tomorrow.

What's the benefit of trading the unknown on a day to day basis?

I day trade alts but I'm holding bitcoins for the most part. As long as the price is high in Asia, I'll keep bitcoin.

It seems that long term for bitcoin is tough to do. There is so much that happens day to day. The SEC is reviewing the Winklevoss ETF. A decision will come out any day now.

Otters27 · 05-25-17, 02:42 PM

Ok so what if us reverses winklevoss. Then what? Bitcoin sky rockets?

jjgold · 05-25-17, 03:02 PM

So hard to add bank

Tech glitches all the time

Might try Kracken

Originally posted by raiders72001

Coinbase down.

raiders72001 · 05-25-17, 03:54 PM

Originally posted by Otters27

Ok so what if us reverses winklevoss. Then what? Bitcoin sky rockets?

That would be my guess. Today I would guess that between 8-10 PM EST that BTC will take off again. I could be 100% wrong.

My theory is to look no further than Japan and the rest of Asia. The AML laws in Japan are very strict but so much money is being traded in Japan that they must have figured out a way to arb since the price is so much higher than the US/European exchanges.

Once again, I could be 100% wrong.

raiders72001 · 05-25-17, 09:13 PM

Need the price in Japan to go higher. The spreads have tightened.

https://bitcoincharts.com/markets/currency/JPY.html

1 JPY to USD - Japanese Yen to US Dollars Exchange Rate

http://www.xe.com/currencyconverter/convert/?Amount=0&From=JPY&To=USD

Get the latest 1 Japanese Yen to US Dollar rate for FREE with the original Universal Currency Converter. Set rate alerts for JPY to USD and learn more about Japanese Yen and US Dollars from XE - the Currency Authority.

Sam Odom · 05-25-17, 09:19 PM

as soon as jjgold gets into bitcoins the sky falls

jjgold · 05-25-17, 09:24 PM

Sammy I am in but real small

Poloniex
Coinbase
Kracken not confirmed

Wallets

Airbitz
Blockchain

triplecrown333 · 05-26-17, 07:34 AM

this is good for the bulls, needs a breather

MeanPeopleSuck · 05-27-17, 08:24 AM

Originally posted by Otters27

Ok so what if us reverses winklevoss. Then what? Bitcoin sky rockets?

There are very few things you can count on in crypto, but here's one of them: The SEC will never, ever sanction Bitcoin trading in its current form. The two things the SEC was designed to prevent -- market manipulation and insider trading -- are complete givens in the crypto world.

I've always been shocked that the Winklevoss's (Winklevossi?) ever thought the SEC would consider saying yes to an ETF. (However, I'm totally unshocked that Ropes & Gray, a Boston firm which definitely knows it was on a fool's errand, was willing to represent the Winklevosses; after all, fees are fees, whether you win or lose).

PS: I don't say that out of arrogance or ignorance; it just so happens that until a year ago, my day job caused me to interact with the SEC on an almost daily basis. I know everything there IS to know about how the SEC thinks, and how it thinks of itself as guardian of the little guy, so I can tell you with absolute certainty, the Winklevoss ETF (and all other proposed BTC ETF's) are dead, now and forever.

LT Profits · 05-27-17, 08:29 AM

Bought a couple of BTC early this morning at 1934.

MeanPeopleSuck · 05-27-17, 08:31 AM

Originally posted by triplecrown333

this is good for the bulls, needs a breather

Agreed. Plus, ya gotta love an investment vehicle that drops 25% in a day, and the longs go, "Meh." We crypto folks is some weeeeeeird animals, we is.

Bitcoin, you confusing, confounding, alluring, siren beauty of a whore, you.

MeanPeopleSuck · 05-29-17, 04:13 PM

Interesting article on Whales and Hedge Funds: https://www.cryptocoinsnews.com/bitcoin-whale/

Otters27 · 05-29-17, 07:13 PM

Originally posted by LT Profits

Bought a couple of BTC early this morning at 1934.

Damn. You think BTC goes above 3K soon LT?

arie1985 · 05-30-17, 01:03 AM

Originally posted by MeanPeopleSuck

Agreed. Plus, ya gotta love an investment vehicle that drops 25% in a day, and the longs go, "Meh." We crypto folks is some weeeeeeird animals, we is.

Bitcoin, you confusing, confounding, alluring, siren beauty of a whore, you.

ETH is $206, gone up 27% just in 1 day ... looks like bank holidays in the US only do good for Crpyto.

LT Profits · 05-30-17, 04:58 AM

Originally posted by Otters27

Damn. You think BTC goes above 3K soon LT?

I'll settle for return to the 2600s. Had to buy when it temporarily went under 2000.

raiders72001 · 05-30-17, 12:32 PM

Originally posted by arie1985

ETH is $206, gone up 27% just in 1 day ... looks like bank holidays in the US only do good for Crpyto.

Huobi is one of the 3 biggest exchanges in China. They are adding ETH tomorrow.

Otters27 · 05-30-17, 01:11 PM

Originally posted by LT Profits

I'll settle for return to the 2600s. Had to buy when it temporarily went under 2000.

Nice work. I wanted to buy that dip. waiting to set up a wallet.

YorkHunt · 05-30-17, 03:01 PM

Coinbase is having issues right now...paid for a deposit its now been a week (CC purchase). They are "fixing a bug"

raiders72001 · 05-30-17, 03:45 PM

More money being traded on ETH than BTC the last 24 hours.

jjgold · 05-30-17, 05:34 PM

ETH could be a good buy

PaperTrail07 · 05-31-17, 11:10 AM

could be

this was a conversation at 49$ and 70$......I think its a good buy ay 200 LOL.....

Originally posted by jjgold

ETH could be a good buy

PaperTrail07 · 05-31-17, 11:11 AM

Eth at 231 will go back down then back up again

JAKEPEAVY21 · 05-31-17, 11:26 AM

bout time you joined the party, papertrail

raiders72001 · 05-31-17, 03:16 PM

Originally posted by PaperTrail07

could be

this was a conversation at 49$ and 70$......I think its a good buy ay 200 LOL.....

We were buying under $10. https://www.sportsbookreview.com/for...eculation.html
A lot of the cryptos hit at that time. I'm with Gold still liking ETH.

Hoping Tezos will hit in June.