Bitcoin Price Tracking & Discussion -- 2017

[Mac4Lyfe]

Buy the dips, sell the highs. This is not rocket science folks. BTC will get to $10k sooner not later.

[milwaukee mike]

Sammy, could a super-genius buy/sell this thing on the ebb/flow?

One thing I need to hear on Bitcoin. We need the "# of merchants who accept Bitcoin" to continue to rise. Not sure I'm seeing that right now.

i'm probably the only CPA that accepts bitcoin

merchants aren't accepting it because of the following...

1) not enough demand for it
2) confirmations take too long
3) too time consuming
3) too volatile, nobody wants to lose 10% on a sale with a 5% profit margin because the price of bitcoin went against them

[JAKEPEAVY21]

4000 ?

again

[Bigbill365]

If I bought $200 betcoin how much could I make on it

[swordsandtequila]

If I bought $200 betcoin how much could I make on it

[USCPHILLYGUY]

[USCPHILLYGUY]

[JAKEPEAVY21]

[MeanPeopleSuck]

Sammy, could a super-genius buy/sell this thing on the ebb/flow?

One thing I need to hear on Bitcoin. We need the "# of merchants who accept Bitcoin" to continue to rise. Not sure I'm seeing that right now.

Yeah, that's the "Retail Problem." Almost everywhere already allows you to buy gift cards with BTC: https://www.gyft.com/buy-gift-cards/

But let's face it, gift cards are a pain in the ass. If BTC's going to replace c_redit cards, it has to be useable at cash registers. Unfortunately, that's a problem. Point of Sale adoption is virtually non existent because merchants have a valid complaint: to accept BTC payments they either have to force the customer to wait there 15 minutes for a confirmation, or else risk getting cheated by accepting payment on zero confirmations. That's unworkable.

Fortunately, there's lots of bright crypto minds working on potential fixes. Most involve some kind of retailers-only "confirmation superhighway" that could provide a confirmation almost instantly.

The first attempted fix is called the Lightning Network. It's already approved and should go hot sometime soon (within the next month?), so stay tuned.

[MeanPeopleSuck]

By extending their shut down to October 31st, that also gives them time to possibly "change their mind" and let them continue to operate as a fiat exchange with licensing and new regulations.

Excellent point.

[MeanPeopleSuck]

Heh, heh, heh.

[MeanPeopleSuck]

Sammy, could a super-genius buy/sell this thing on the ebb/flow?

You should read my posts and threads more carefully.

[juvunits]

I just bought some bitcoin. Bad idea?

[mrpapageorgio]

I just bought some bitcoin. Bad idea?

Is it with money you're ok with gambling and possibly losing if the market crashes?

Personally I'm long term bullish but if you're not willing to stomach a roller coaster, then stay out.

[juvunits]

Is it with money you're ok with gambling and possibly losing if the market crashes?

Personally I'm long term bullish but if you're not willing to stomach a roller coaster, then stay out.

I was just gonna keep it in there for a week or so and see how it doed

[reigle9]

Lol reminds me of a king of Queens ep. We are long term investors. We are in this for 2 to 3 weeks.

[Bigbill365]

Buy baby buy I don't see why it wont tank it seems to go down then up 20%

[TheMoneyShot]

I wonder... do the gamblers who have their money at Nitrogen and/or Fairlay? Do they ever panic on a 1k drop off?

[Bsims]

I wonder... do the gamblers who have their money at Nitrogen and/or Fairlay? Do they ever panic on a 1k drop off?

I have funds at Nitrogen and books using USD. When BTC drops I'm unhappy at Nitrogen because I have to use more BTC to make my normal wagers. If BTC goes up, I'm happy. At the USD books, I'm happy when BTC goes up and I'm adding funds, but unhappy if it goes down. If I'm withdrawing I'm happy when BTC drops and unhappy when it goes up. Here is a chart.

	BTC up	BTC down
Nitrogen wagers	happy	unhappy
USD book deposit	happy	unhappy
USD book withdrawal	unhappy	happy

Mostly I'm happy when I win wagers.

[trytrytry]

looks like a minus 10-15 % day in store today

[TheMoneyShot]

So the max Bitcoin ever reached was near 5k? I think I saw it at $4,975.00 don't know if it ever reached 5k though?

I'll bet my dik that it never reaches 5k again.

[Sam Odom]

I'll bet my dik that it never reaches 5k again.

many thought the same at 500

[USCPHILLYGUY]

So the max Bitcoin ever reached was near 5k? I think I saw it at $4,975.00 don't know if it ever reached 5k though?

I'll bet my dik that it never reaches 5k again.

Money serious ??? how much bitcoin you holding.....

[TheMoneyShot]

Money serious ??? how much bitcoin you holding.....

I'm not in it at all. I just don't like how it can't hold at 4k anymore. It's not a good sign.

[Sam Odom]

I just don't like how it can't hold at 4k anymore. It's not a good sign.

based on what 'sign' ?

[jjgold]

It is in a range now

Be patient

[TheMoneyShot]

Sammy there's many things to look at.

1. If you got in at $2,500 or $3,000 you probably don't have a reason to worry. You can allow it to go up and down until your "warning sell light" reaches.

2. I just like the 4k level. That's pretty solid. But in my eyes hasn't stayed at a positive level for long.

3. That 3k drop.... and then reached 4k again... was amazing. But how many times do you expect it to gain again? What is the ultimate cause of it?

I don't think it will crash. I think it's here to stay... but... I think the drop off could go as low as 2k. I don't know when.... no one knows.

But I don't think it will ever reach 5k again. Unless there's some serious retailers who start using this as a payment method. Not underground stuff... talking like BestBuy.... HP... IBM etc

[Sam Odom]

thx money

[TheMoneyShot]

thx money

I wish you the best pal. I'm not trying to change anyone's belief. I go with vibe. And it scares me a tad.

Again, my 1% viewpoint doesn't mean sh#$ I just don't have a good vibe about it anymore.

[bitcoinLuke]

So the max Bitcoin ever reached was near 5k? I think I saw it at $4,975.00 don't know if it ever reached 5k though?

I'll bet my dik that it never reaches 5k again.

You have zero clue .It will be 7k by end of the year.

Saying it will never reach 5k again is one dumbest things I've ever heard of in my life

[TheMoneyShot]

You have zero clue .It will be 7k by end of the year.

Saying it will never reach 5k again is one dumbest things I've ever heard of in my life

Why not just say it will reach 10k? Maybe 15k? Please don't stop at 7k... sounds very light.

The entire world would become millionaires. Last time I checked... life didn't work that way.

[GradyFuson]

I just don't have a good vibe about it anymore.

I had a bad vibe when it was $300 and I sold enough that I would be retiring right now. Instead I'll likely be grinding for another 25 years.

It's so hard to look at Bitcoin logically. Easy to have positive or negative opinions and go with them.

My positive thought is that even without china it has found a way to stay solid. I think it'll go through the roof at some point. When? I don't know, but it could easily be $5k by the end of the year and much higher if some legitimate companies start taking it as payment.

[bigtymer56]

Sammy there's many things to look at.

1. If you got in at $2,500 or $3,000 you probably don't have a reason to worry. You can allow it to go up and down until your "warning sell light" reaches.

2. I just like the 4k level. That's pretty solid. But in my eyes hasn't stayed at a positive level for long.

3. That 3k drop.... and then reached 4k again... was amazing. But how many times do you expect it to gain again? What is the ultimate cause of it?

I don't think it will crash. I think it's here to stay... but... I think the drop off could go as low as 2k. I don't know when.... no one knows.

But I don't think it will ever reach 5k again. Unless there's some serious retailers who start using this as a payment method. Not underground stuff... talking like BestBuy.... HP... IBM etc

Dude. The price was still below $3000 at the beginning of August and you're panicking because it's not stable at $4000 with all the China news and negative press?

RELAX.

[bitcoinLuke]

Why not just say it will reach 10k? Maybe 15k? Please don't stop at 7k... sounds very light.

The entire world would become millionaires. Last time I checked... life didn't work that way.

Why 7000? Because its an accurate prediction....not just throwing a rock in the ocean

I'll make sure to bump this is in a month when its over 5000, and in 6 months when its 7000.

[bitcoinLuke]

The entire world would become millionaires. Last time I checked... life didn't work that way.

Kind of hard for "everyone" to be a millionaire when there are only 16.5 million bitcoins and 7.5 billion people. That means there are only enough BTC's for 1 out of every 454 people to own one, which is less than the current rate of millionaires in the world

Get a clue