Bitcoin Price Tracking & Discussion -- 2017

[shocka1212]

Buy ether now? 296

I would....

[MeanPeopleSuck]

Better technology than Bitcoin and other cryptos, just less known. I buy it instead of BTC since I'm hoping it equals BTC someday, where my profit margin would be significantly larger than buying bitcoin now.

That's a perfectly valid viewpoint, but I'm actually a bit of an ETH skeptic. P4man, a well respected poster at Reddit / Slack / BCT (and full disclosure: a friend of mine), wrote an interesting piece on the subject last summer: https://www.coindesk.com/analyzing-e...keptical-take/

Since he wrote that in June, BTC's up over 100% vs ETH which is up about 10%.

One thing's for sure: I hear a lot less about "The Flippening" these days than I used to. Call me old fashioned, I guess, but even now when I'm 'lighter' in BTC than usual, it still makes up over 60% of my total crypto holdings.

[Bsims]

MeanPeopleSuck, that is one great article. He articulated very well my clumsily expressed thoughts posted recently in a history lesson where I concluded that "Sometimes being first beats being better". You have great friends. If he's written anything else on cryptocurrencies, I'd like to see it.

[Sam Odom]

cashed a little at 5965

who knows...

am happy with a little profit

[JAKEPEAVY21]

it looks like Amazon will start accepting Bitcoin as a payment option within the next few days

[pilebuck13]

it looks like Amazon will start accepting Bitcoin as a payment option within the next few days

Really? Nice!

[shocka1212]

it looks like Amazon will start accepting Bitcoin as a payment option within the next few days

about to request an increase from coinbase...

[bigtymer56]

it looks like Amazon will start accepting Bitcoin as a payment option within the next few days

Source?

Hear rumors about this every few months.

[USCPHILLYGUY]

Source?

Hear rumors about this every few months.

didnt know this was confirmed. Read it could be announced as of 10/26

[JAKEPEAVY21]

just rumors so far

[goofyre]

That's a perfectly valid viewpoint, but I'm actually a bit of an ETH skeptic. P4man, a well respected poster at Reddit / Slack / BCT (and full disclosure: a friend of mine), wrote an interesting piece on the subject last summer: https://www.coindesk.com/analyzing-e...keptical-take/

Since he wrote that in June, BTC's up over 100% vs ETH which is up about 10%.

One thing's for sure: I hear a lot less about "The Flippening" these days than I used to. Call me old fashioned, I guess, but even now when I'm 'lighter' in BTC than usual, it still makes up over 60% of my total crypto holdings.

How does one get an invite to these bitcoin slack channels?

[MeanPeopleSuck]

Source?

Hear rumors about this every few months.

I think that rumor's true, but I'm not totally sure about its magnitude. You can already buy anything at Amazon and most online stores with BTC purchased gift cards: https://www.gyft.com/buy-gift-cards/ or BTC funded debit cards like Bitpay or Coinsbank.

IMHO, the King Kong of unsolved problems is at the register. Until somebody can buy something at a store, walk up to the register and pay with BTC in, say, 60 seconds or less, we'll never be able to displace cc's, which I think should be goal #1. (I'm not saying this will happen tomorrow, but if -- if -- BTC could steal the market cap of the top 3 cc companies, that alone would value each bitcoin at about $55,000 -- I suck at math, but I'm guessing most people reading this thread would be pretty pleased with numbers like that).

And here's the exciting part: if we can solve the "delay for a confirmation" problem at the register, retailers might adopt BTC very very quickly because BTC has two huge advantages for retailers over cc's: there's no chargebacks and there's no fees. Cc's have both.

[shocka1212]

I think that rumor's true, but I'm not totally sure about its magnitude. You can already buy anything at Amazon and most online stores with BTC purchased gift cards: https://www.gyft.com/buy-gift-cards/ or BTC funded debit cards like Bitpay or Coinsbank.

IMHO, the King Kong of unsolved problems is at the register. Until somebody can buy something at a store, walk up to the register and pay with BTC in, say, 60 seconds or less, we'll never be able to displace cc's, which I think should be goal #1. (I'm not saying this will happen tomorrow, but if -- if -- BTC could steal the market cap of the top 3 cc companies, that alone would value each bitcoin at about $55,000 -- I suck at math, but I'm guessing most people reading this thread would be pretty pleased with numbers like that).

And here's the exciting part: if we can solve the "delay for a confirmation" problem at the register, retailers might adopt BTC very very quickly because BTC has two huge advantages for retailers over cc's: there's no chargebacks and there's no fees. Cc's have both.

hope you took my advice earlier this week.. played out just as I forecasted. eth should follow within 2 weeks

[MeanPeopleSuck]

MeanPeopleSuck, that is one great article. He articulated very well my clumsily expressed thoughts posted recently in a history lesson where I concluded that "Sometimes being first beats being better". You have great friends. If he's written anything else on cryptocurrencies, I'd like to see it.

Heh, I figured you'd like it!

[MeanPeopleSuck]

How does one get an invite to these bitcoin slack channels?

BTC's slack is easy to join. Just click the "Slack Live Chat" button along the right of this page and the bot will walk you through it (heh, actually, I see joining has changed a little since I did it, but the bot should have your back): https://www.reddit.com/r/BitcoinMarkets/

I don't know why, but ETH's slack is dead. Instead, here's where you wanna be, the mecca of all things ETH: https://gitter.im/ethereum/home

The quality of slacks for lesser cryptos varies widely, but you can get auto invites for most of them directly from that crypto's reddit thread (google "reddit [crypto],") or if you don't see an obvious way to get from the reddit thread to the slack, post a, "Hi, I'm interested in [crypto]. Do you guys have a Slack? How do I join?" message there. Micro-cryptos tend to cream their jeans over newly interested people.

[MeanPeopleSuck]

hope you took my advice earlier this week.. played out just as I forecasted. eth should follow within 2 weeks

Yeah, excellent call. Tomorrow I'll get a thread up for the upcoming fork and we can kick around some ideas about what pricing craziness might happen before, during and after the hf.

Something this big's gotta have some profitable angles to it, don't you reckon? But so far I'm having trouble seeing them. Ah, well, fake it till ya make it, right?

[shocka1212]

Yeah, excellent call. Tomorrow I'll get a thread up for the upcoming fork and we can kick around some ideas about what pricing craziness might happen before, during and after the hf.

Something this big's gotta have some profitable angles to it, don't you reckon? But so far I'm having trouble seeing them. Ah, well, fake it till ya make it, right?

if you bought early wednesday morning like I said and sold earlier today, you made 12% on your money in one day... can't get that kind of return anywhere else in a day

[MeanPeopleSuck]

if you bought early wednesday morning like I said and sold earlier today, you made 12% on your money in one day... can't get that kind of return anywhere else in a day

What's your thoughts on the next 3 weeks, the runup to the BT2 hf?

[shocka1212]

What's your thoughts on the next 3 weeks, the runup to the BT2 hf?

eth will be back at 330 shortly... I don't see any significant movement for btc. won't see another surge until second week of November

[shocka1212]

eth will be back at 330 shortly... I don't see any significant movement for btc. won't see another surge until second week of November

And Here.We.Go!

[Sam Odom]

Ride the Wave...

[shocka1212]

Haven't even been placing serious wagers. No need to when I'm up 10% every week

[USCPHILLYGUY]

6042

[shocka1212]

buy some eth guys.... its going in the same direction

[MeanPeopleSuck]

eth will be back at 330 shortly... I don't see any significant movement for btc. won't see another surge until second week of November

Don't beat yourself up on this. All it means is you're now officially part of our cult.

When we were trading around 1900, I remember a certain young trader who spent 2 weeks on the boards arguing it would take "months, and 3-10 tries" for btc to breat $2k I cited huge order book sell walls, "overpriced" status for 'fundamentals' traders, bad charts for the TA guys, the psychological barrier, and even the then v small gap between dollars and pounds sterling

When the day came, BTC went $2k like a hot knife through butter.....

[MeanPeopleSuck]

BTC at ATH, $6300-ish.

Whew, my thread from Thurs titled "I just bought some more BTC at 5760..." finally isn't underwater.

[ChuckyTheGoat]

BTC at ATH, $6300-ish.

Whew, my thread from Thurs titled "I just bought some more BTC at 5760..." finally isn't underwater.

vERY nice. On the retail side, I see that one can book Travel at some sites. Destinia looks pretty good.

I know Expedia advertises use of Bitcoin, but I see that it's only for Hotels, not Flights. I wonder if they had some issues on Flights.

[ChuckyTheGoat]

My experiences at Gyft and Egifter have been very good. No complaints there. Can sometimes get 20% discounts, too.

[Sam Odom]

My experiences at Gyft and Egifter have been very good. No complaints there. Can sometimes get 20% discounts, too.

...+1

[MeanPeopleSuck]

My experiences at Gyft and Egifter have been very good. No complaints there. Can sometimes get 20% discounts, too.

Cool, cool, good to hear, but a Bitpay card might be a better way to go: https://bitpay.com/card

[shocka1212]

Don't beat yourself up on this. All it means is you're now officially part of our cult.

When we were trading around 1900, I remember a certain young trader who spent 2 weeks on the boards arguing it would take "months, and 3-10 tries" for btc to breat $2k I cited huge order book sell walls, "overpriced" status for 'fundamentals' traders, bad charts for the TA guys, the psychological barrier, and even the then v small gap between dollars and pounds sterling

When the day came, BTC went $2k like a hot knife through butter.....

Can't hurt to buy more of both eTh and btc. Both trending upward... btc with more movement.. both are solid options, just a matter of which margin you're looking for

[USCPHILLYGUY]

Cool, cool, good to hear, but a Bitpay card might be a better way to go: https://bitpay.com/card

So assuming your Bitcoin prices will fluctuate even if having this bitpay card?

[convick]

My experiences at Gyft and Egifter have been very good. No complaints there. Can sometimes get 20% discounts, too.

I checked out Gyft some weeks ago. Found some gift cards from places like Amazon and ebay were not available fot btc purchase so havent bothered to look around since. Will probably check out egifter.

Bitpay is probably going to be more useful to me I think.

[LVHerbie]

I think that rumor's true, but I'm not totally sure about its magnitude. You can already buy anything at Amazon and most online stores with BTC purchased gift cards: https://www.gyft.com/buy-gift-cards/ or BTC funded debit cards like Bitpay or Coinsbank.

IMHO, the King Kong of unsolved problems is at the register. Until somebody can buy something at a store, walk up to the register and pay with BTC in, say, 60 seconds or less, we'll never be able to displace cc's, which I think should be goal #1. (I'm not saying this will happen tomorrow, but if -- if -- BTC could steal the market cap of the top 3 cc companies, that alone would value each bitcoin at about $55,000 -- I suck at math, but I'm guessing most people reading this thread would be pretty pleased with numbers like that).

And here's the exciting part: if we can solve the "delay for a confirmation" problem at the register, retailers might adopt BTC very very quickly because BTC has two huge advantages for retailers over cc's: there's no chargebacks and there's no fees. Cc's have both.

What about the mining fees? The current high fees makes using BTC for small purchases not practical.

https://cointelegraph.com/news/bitcoin-fees-chasing-businesses-away-dash-litecoin-benefit

[LVHerbie]

Video on Venezuela arresting bitcoin miners

https://www.cnbc.com/video/2017/08/30/bitcoin-mining-can-land-you-in-jail-in-venezuela.html