Bitcoin Price Tracking & Discussion -- 2017

[Auto Donk]

even putting out continuing legal education seminars on it now....

will probably attend this one:

Mastering Bitcoin, Blockchain, & Digital Currency Law CLE

Wednesday, August 30, Noon - 1:30 PM
90-Minute, Live Telephonic Seminar
Registration includes access to complete course & reference material

Click to Learn More: Final Chance for Early Bird Discount

Rossdale CLE
A National Leader in Legal Education

Registered attendees will automatically be e-mailed a complimentary recording and Podcast of the full-length seminar two days after the teleconference and receive FULL CLE & MCLE CREDIT (where available) if they cannot attend the teleconference.

Benefits View Benefits

The huge expansion in Bitcoin & digital currencies in states across the nation and globally has led to a significant need for attorneys proficient in the cutting-edge use of related legal and regulatory issues. The laws vary greatly and have been in flux with the proliferation of Fortune 500 companies, governments, and start-ups seeking to take advantage of this growing use of currency. The faculty for this seminar features several leading authorities on the subject. This comprehensive program on virtual currency law will introduce you to the most relevant issues and practical solutions, including Blockchain, distributed ledger, the growth of cryptocurrencies, role of digital currencies in financial transactions, "Smart Contracts," compliance & avoidance strategies, and virtual currency transmissions. The faculty will also cover the changes and progress on the latest legal developments and future regulations. Registration includes online access to course and reference materials that serve as a helpful guide to the numerous topics and techniques discussed in the program.

Key Agenda Points View Complete Agenda

• Mastering Bitcoin, Blockchain, & Digital Currency Law:
• An Overview of Bitcoin & Virtual Currencies
• Most Critical Challenges involving Digital Currencies
• Blockchain & Distributed Ledger Legal Issues
• Profiting from the Growth of Cryptocurrencies
• Issues faced by Fortune 500 Companies, Governments, and Start-ups
• "Smart Contracts"
• Case Law Update
• Compliance & Avoidance Strategies
• Virtual Currency Transmissions
• Role of Digital Currencies in Financial Transactions
• Interactive Question & Answer Session with the Experts

Faculty Detailed Faculty Information

• Mark W. Rasmussen, Partner at Jones Day
• Marjorie J. Peerce, Partner at Ballard Spahr LLP

Credit Detailed CLE Credit Information

• CLE ACCREDITATION: Rossdale CLE is a national leader in attorney education and has trained thousands of attorneys, paralegals, and other legal professionals. CLE & MCLE credit is available in states and jurisdictions across the country. Visit the seminar webpage to learn more about CLE & MCLE credit for the program.

Only registered attendees will receive continuing education credit.

Who Should Attend?
Attorneys, judges, paralegals, and legal assistants.

Registered attendees will automatically be e-mailed a complimentary recording and Podcast of the full-length seminar two days after the teleconference and receive FULL CLE & MCLE CREDIT (where available) if they cannot attend the teleconference.

Click to Learn More: Final Chance for Early Bird Discount

[BeatTheJerk]

Why is there set amount of Bitcoins already configured to be mined (21,000,000) ? Was this distinguished in its inception .... They say 2140 is the year of the last mined Bitcoin, but we will be approximately 80% of 21,000,000 mined by next year due to supply & demand obviously, so that date is irrelevant. Can someone shed some light on my inquires, or inform me on my inaccuracies of what I have gathered through my online readings.

[MeanPeopleSuck]

Why is there set amount of Bitcoins already configured to be mined (21,000,000) ? Was this distinguished in its inception .... They say 2140 is the year of the last mined Bitcoin, but we will be approximately 80% of 21,000,000 mined by next year due to supply & demand obviously, so that date is irrelevant. Can someone shed some light on my inquires, or inform me on my inaccuracies of what I have gathered through my online readings.

Your numbers are entirely correct.

1. Why 21 million BTC's?

The number of coins of any currency has to be chosen BEFORE the first one's mined (also known as "before anybody knows if these damn things will actually be worth anything at all"). The anonymous founder/s of bitcoin, "Satoshi Nakamoto," decided on 21 million as the total amount of BTC that will ever exist, but I'm guessing he would've chosen a much higher number if he'd had any idea bitcoin would be worth this much cash.

2. What's with the Weird Disbursement Rate?

Bitcoin was designed to be initially inflationary, but later deflationary, so they front loaded the disbursement of the 21 million coins. Every 4 years the issuance of new coins gets cut in half, with the next cut scheduled for next year. That's why 17 million of the 21 million are already in circulation, but the last of them still won't be issued until 2140.

Fun, True Story: In 2010, during the early, inflationary period, a computer programmer named Laszlo Hanyecz paid 10,000 BTC to Papa John's for two pizzas. Approximate value today: $35 million. Ouch.

[BeatTheJerk]

Your numbers are entirely correct.

1. Why 21 million BTC's?

The number of coins of any currency has to be chosen BEFORE the first one's mined (also known as "before anybody knows if these damn things will actually be worth anything at all"). The anonymous founder/s of bitcoin, "Satoshi Nakamoto," decided on 21 million as the total amount of BTC that will ever exist, but I'm guessing he would've chosen a much higher number if he'd had any idea bitcoin would be worth this much cash.

2. What's with the Weird Disbursement Rate?

Bitcoin was designed to be initially inflationary, but later deflationary, so they front loaded the disbursement of the 21 million coins. Every 4 years the issuance of new coins gets cut in half, with the next cut scheduled for next year. That's why 17 million of the 21 million are already in circulation, but the last of them still won't be issued until 2140.

Fun, True Story: In 2010, during the early, inflationary period, a computer programmer named Laszlo Hanyecz paid 10,000 BTC to Papa John's for two pizzas. Approximate value today: $35 million. Ouch.

Thanks MPS !!! That helps me understand this whole thing a little better. Cool & Sad story you chose to share. I'm guessing those Bitcoins were under 10 cents when they were sold unreal.

[ChuckyTheGoat]

Yeah, but he did get extra anchovies.

[SBRMAN23]

Yeah, but he did get extra anchovies.

prob didnt even get garlic sauce and tip cash big ouch

[Sam Odom]

Another step in mainstreaming BTC

https://www.coindesk.com/fidelity-brings-bitcoin-tracking-traditional-investor-portfolios/

[Bsims]

OK. I did this. Sure enough my Coinbase holdings show up on Fidelity, the GDAX does not. I'm not sure I like this. But more mainstream support for Bitcoin.

[MeanPeopleSuck]

Yeah, but he did get extra anchovies.

[Sam Odom]

3743 holy cow !!


who needs to sports gamble... buy and hold btc

[JAKEPEAVY21]

[Sam Odom]

seems just like yesterday it was 743

[Sam Odom]

jake... when does it CORRECT ?

[JAKEPEAVY21]

jake... when does it CORRECT ?

no idea but hopefully it keeps going up for awhile

[jjgold]

It just looks like long as you don't panic this thing is not going to stop, you got to be able to ride losing streaks which many can't

[Sam Odom]

will be hard not to sell off some (lot) @ 4K

[JAKEPEAVY21]

will be hard not to sell off some (lot) @ 4K

I have stated this before but not even going to consider selling any until 10k+

I'd rather spend cash than bitcoin for now

[Sam Odom]

safe to say Jake is long on btc

[MeanPeopleSuck]

I took a screen shot of $4k, but don't see how to upload it.

Oops, gotta go, about to be yelled at for crypto-ing on date night

[d2bets]

Unfreakingreal. Who bought under $2k less than a month ago?

4150

It was under $1,000 at the end of March. That's less than 5 months ago.

[ChuckyTheGoat]

Unfreakingreal. Who bought under $2k less than a month ago?

Bought some around that time.

Investing is always weird. Strange to think about it retro-spectively.

[Sam Odom]

sold a little at 4100

this means it will be 5K+ tomorrow

[raiders72001]

Iota still on fire although I sold long ago.

[TheSideBet]

Iota still on fire although I sold long ago.

Yeah and not sure why the big run up yet. It dipped on the Bitfinex news but then quickly recovered and has been trending up all day. No news on anything??

I still think its a longer term hold maybe 3 years but well well well worth it. I can see it hotting $1 by end of this year though.

[TheMoneyShot]

So.... with the price sky rocketing again??? Will there be another fork or split? However you want to say it? Sorry... not really into stocks. But, how the hell can you have a price of anything around $4,200+???

I mean... come on.... when the split occurred.... they must of thought BTC would of dropped a little? It went the other direction!

[ChuckyTheGoat]

Dropping now. $3877.

[TheSideBet]

Dropping now. $3877.

Taking profits at the peaks. It will settle again and trend up again.

[ChuckyTheGoat]

Taking profits at the peaks. It will settle again and trend up again.

Salud, nice score. Isn't this a natural pattern, w/ investors buying at dips + selling off at peaks?

[TheMoneyShot]

Edit

[TheSideBet]

Salud, nice score. Isn't this a natural pattern, w/ investors buying at dips + selling off at peaks?

It is. It'll stay strong the next few weeks so if you're still in it that will end up good. I took some out just from a % standpoint it met my needs. I got in when it was in the 2's so a run up near 5 was good enough for me. I try not to get greedy and back to the percentage gains, 80 here or there at those levels won't matter much on the return so I'm happy.

[Sam Odom]

Buy Low... Sell High

[seaborneq]

Wow. Where does it stop???

[seaborneq]

Buy Low... Sell High

Simplest investing advise ever, yet the hardest to abide by.

[milwaukee mike]

right now the total value of the sum of all current and future bitcoins is $86 billion

it's either gonna be worth $1 trillion or nothing... chances of $1 trillion ($48k/btc) are probably better than 10% so guys like jake are on the right side of the bet

but it's a personal choice on how much of your assets you want in something that has a good chance of being worthless. still better than holding us dollars which have a 100% chance of trending towards worthlessness just due to inflation, even if the shit doesn't hit the fan

[TheSideBet]

Who all is still in BCH at this point?

Who was able to dump and who is left holding until exchanges work there shit out in a few months?