Bitcoin Price Tracking & Discussion -- 2017

pilebuck13 · 11-29-17, 08:15 AM

Unbelievable otters don't kick yourself hindsight is 20 20 man. Obviously no one seen this coming we would all have been filthy

USCPHILLYGUY · 11-29-17, 09:01 AM

Jake has talked me off the bridge on a number of occasions...was lucky enough to get in when SBR started selling. Think my highest order was at 4400....just more free money

. Jake drinks on me in san diego

JAKEPEAVY21 · 11-29-17, 09:24 AM

Originally posted by USCPHILLYGUY

Jake has talked me off the bridge on a number of occasions...was lucky enough to get in when SBR started selling. Think my highest order was at 4400....just more free money

. Jake drinks on me in san diego

this is an exciting time to be involved with bitcoin and other cryptos

I think we might hit 50k by the end of 2018...who knows for sure but we have a ton of momentum behind us

Roscoe_Word · 11-29-17, 10:33 AM

Coinbase web site is currently down. (at least from my PC)

trytrytry · 11-29-17, 10:44 AM

crazy fun from 11,2575 to 10,480 in 20 minutes

JAKEPEAVY21 · 11-29-17, 10:47 AM

Originally posted by trytrytry

crazy fun from 11,2575 to 10,480 in 20 minutes

that's fine, it went up almost as fast

we were due to have a bit of a correction but after every correction, there is usually another blast off

Fidel_CashFlow · 11-29-17, 10:56 AM

so whats the big deal
there is still time to be a part of it
tbh , i dont trust this imternet currency thing
something about it seems fickle and non tangible

JAKEPEAVY21 · 11-29-17, 11:00 AM

Originally posted by Fidel_CashFlow

so whats the big deal
there is still time to be a part of it
tbh , i dont trust this imternet currency thing
something about it seems fickle and non tangible

I had the same mindset for a long while

glad I changed my mind early last year

shocka1212 · 11-29-17, 11:02 AM

Originally posted by JAKEPEAVY21

this is an exciting time to be involved with bitcoin and other cryptos

I think we might hit 50k by the end of 2018...who knows for sure but we have a ton of momentum behind us

40k

Fidel_CashFlow · 11-29-17, 11:03 AM

jake , is it still worth it to invest ?
I understand the bitcoin model ,yet i dont
something about the tangible value in it all
and how fast it can all change

shocka1212 · 11-29-17, 11:11 AM

Originally posted by Fidel_CashFlow

jake , is it still worth it to invest ?
I understand the bitcoin model ,yet i dont
something about the tangible value in it all
and how fast it can all change

you'll see a 400% return.. the days of 1000% returns may have come to a close but just to gauge how profitable this is, Bernie Madoff was promising 8-10% returns and people were getting dicks erect and lining up to give him their money.. This is actually legitimate (market cap says so) and were seeing 10x that return (minimum). Invest Accordingly.

terpkeg · 11-29-17, 11:18 AM

Originally posted by Roscoe_Word

Coinbase web site is currently down. (at least from my PC)

Bittrex lagging. People going bananas. Buy buy buy

bigtymer56 · 11-29-17, 11:25 AM

Originally posted by shocka1212

40k

25k....actually have no clue, just throwing out a number.

JAKEPEAVY21 · 11-29-17, 11:49 AM

Originally posted by Fidel_CashFlow

jake , is it still worth it to invest ?
I understand the bitcoin model ,yet i dont
something about the tangible value in it all
and how fast it can all change

fidel, yes there is still money to be made

I don't think it is crazy to think Bitcoin could be 50k by the end of 2018

shocka1212 · 11-29-17, 12:33 PM

Originally posted by bigtymer56

25k....actually have no clue, just throwing out a number.

no I do actually, relative to the growth of market cap (without institutional investing) it can easily go up 4x if the amount poured into the pot matches such.

bigtymer56 · 11-29-17, 01:43 PM

Originally posted by shocka1212

no I do actually, relative to the growth of market cap (without institutional investing) it can easily go up 4x if the amount poured into the pot matches such.

Sorry, not trying to be dick...can you dumb this down for me? Thanks.

kaanyeezy · 11-29-17, 02:17 PM

Crazy drop right now, sub 10k

ans61201 · 11-29-17, 02:17 PM

Just dropped to 9k.

2300 in a couple hours.

ans61201 · 11-29-17, 02:19 PM

Ouch and Gemini is undergoing maintenance. Lol wow.

ans61201 · 11-29-17, 02:22 PM

And coinbase down. I can see why there's so many ready for another exchange. Ridiculous.

shocka1212 · 11-29-17, 02:26 PM

Originally posted by ans61201

And coinbase down. I can see why there's so many ready for another exchange. Ridiculous.

if it hits 8k, I'm going in heavy

ans61201 · 11-29-17, 02:29 PM

Originally posted by shocka1212

if it hits 8k, I'm going in heavy

Would love to go in heavy if the exchanges were working properly. A little odd for them to both go down and then a huge dip. LTC and ETH took a nose dive too.

ans61201 · 11-29-17, 02:57 PM

Guess I am the only one pissing my pants that all of the major exchanges in Us go down and then a huge huge dip in price.

trytrytry · 11-29-17, 03:01 PM

big plunge Down down down in progress

TheMoneyShot · 11-29-17, 03:05 PM

People should of bought in around the 9,200 mark when it dropped. And it could still drop... but it will rebound.

trytrytry · 11-29-17, 03:25 PM

and rebound it did. hour later. great stuff today. 10,300 or whatever it is

shocka1212 · 11-29-17, 03:27 PM

pisses me off how long it takes to get a deposit into gdax... deposited on Sunday/monday with anticipation of this happening. wanted it to hit 10k and then buy off the selloff. shit was just at 8800 an hour ago.

TheMoneyShot · 11-29-17, 03:31 PM

Originally posted by trytrytry

and rebound it did. hour later. great stuff today. 10,300 or whatever it is

There's a lot of VERY INTELLIGENT investors in on this Bitcoin. They knew the spike was coming.... and they figured 11.3 k was the perfect sell off price. And the same people will get back in at 10k or lower. These guys are sharks. Must be nice to have 5-10 or more BTC laying around and make a quick 5-10k and not lift a finger.

Laker_crazy · 11-29-17, 03:43 PM

As long as the demand exceeds the supply, you can almost never expect bitcoin to crash down completely, given that only a particular amount of bitcoins will be mined till 2040, and out of those 60% already happen to be in circulation, the demand will almost always be on the rise and the spike in price is due to the fact that more and more people are getting in now. Irrespective, what cannot be denied is that if someone bought it at 1k in Jan, would be 10x times richer even if they decided to sell it right now.

This time next year, it would not be wrong to state that it has the potential to touch 30-40 k per coin.

TheMoneyShot · 11-29-17, 03:48 PM

Originally posted by Laker_crazy

As long as the demand exceeds the supply, you can almost never expect bitcoin to crash down completely, given that only a particular amount of bitcoins will be mined till 2040, and out of those 60% already happen to be in circulation, the demand will almost always be on the rise and the spike in price is due to the fact that more and more people are getting in now. Irrespective, what cannot be denied is that if someone bought it at 1k in Jan, would be 10x times richer even if they decided to sell it right now.

This time next year, it would not be wrong to state that it has the potential to touch 30-40 k per coin.

Very good point. Nice to read reassuring comments.

Laker_crazy · 11-29-17, 03:53 PM

Originally posted by TheMoneyShot

Very good point. Nice to read reassuring comments.

Cheers buddy, if you have invested in it, have faith in it and completely ignore everything that has speculation written about it, don't check it, don't bother about the forks either. Irrespective of what happens, no other currency will ever replace bitcoin, oh well yes they can split it all they like, have clones and all of that but they will not even come close to the value bitcoin holds. If only, people could just read more on it before writing it off, we would be willing to accept it completely.

I remember along these lines, there is this website called ******** that started the concept of pre paid **** cards, well if there can be pre paid cards, why can't payments be made in digital currency? just keep the coin and watch it grow.

JAKEPEAVY21 · 11-29-17, 04:19 PM

well I was out and about for a few hours and come home to this downswing...

I can't say that I'm surprised though, things have been going bananas for a long while now and we were due for a correction...

no panic here, continuing to hold

TheMoneyShot · 11-29-17, 04:27 PM

Originally posted by JAKEPEAVY21

well I was out and about for a few hours and come home to this downswing...

I can't say that I'm surprised though, things have been going bananas for a long while now and we were due for a correction...

no panic here, continuing to hold

I guess when Bitcoin reaches the 10k area... we're going to have major swings now? All a learning process apparently.

Coindesk said Bitcoin reached a high of 11,377.33 and a low of 9,295.79.... Swing of $2,081.54

You kidding me?

That's just crazy.

shocka1212 · 11-29-17, 04:30 PM

we'll be at 11,300 in two weeks, if it even takes that long

SharpAngles · 11-29-17, 04:41 PM

When it broke through a few of the barriers the swings were wild. Went past 2k the first time and a bit later landed at 800ish. It has been unbelievable at rebounding though I wouldn’t worry too much.

I sold about 60% of my roll last night and I’m sure a lot of guys cashed out some too which would explain the movement. Nothing is guaranteed so we’ll keep stacking free cash if it does continue the up momentum or have a great ROI if it tanks.