Bitcoin Price Tracking & Discussion -- 2017

[ans61201]

Is there a point of buying bitcoin for $200 at this point? How much would it have to increase for me to make $5,000?

cmon man. Its worth 16,000. You want 200 to go to 5,000. that's 25x on your money. 16,000 X 25 = 400,000. If/when bitcoin is worth 400k your 200 would be 5,000

[TheMoneyShot]

cmon man. Its worth 16,000. You want 200 to go to 5,000. that's 25x on your money. 16,000 X 25 = 400,000. If/when bitcoin is worth 400k your 200 would be 5,000

Seaweed loves to troll. It's all he does.

[Sam Odom]

14750

looking to settle ??

[GunShard]

Been watching different cryptocurrency videos on Youtube. There's a lot of interesting info that most people do not know.

Someone pointed out that people always ride the rising stock and people always follow the falling stock. As you just witnessed with Bitcoins multiple times. This pattern is confirmed in both stocks and cryptocurrency. I was waiting for this fall days ago and it's happening. Though the fall is usually short.

[Mac4Lyfe]

Been watching different cryptocurrency videos on Youtube. There's a lot of interesting info that most people do not know.
Someone pointed out that people always ride the rising stock and people always follow the falling stock. As you just witnessed with Bitcoins multiple times. This pattern is confirmed in both stocks and cryptocurrency. I was waiting for this fall days ago and it's happening. Though the fall is usually short.

It would be nice to know the top and bottom on these patterns...???

[Seaweed]

ETH rising BTC falling

Anyone have good buying tips?

[swordsandtequila]

ETH rising BTC falling

Anyone have good buying tips?

Jeezus, you gonna spam the only good threads on the site? Go back to the saloon.

[ans61201]

Ltc shooting up on steroids

[Miyagiturbo]

What's the current fees to get a transaction processed quick? Obviously it's backed up but I still have a transaction with no confirmations and it's been 24 hours now. I used a pretty high fee too at the time . Around $14

[Seaweed]

Good time to buy alt coins

[Waterstpub87]

What's the current fees to get a transaction processed quick? Obviously it's backed up but I still have a transaction with no confirmations and it's been 24 hours now. I used a pretty high fee too at the time . Around $14

In the same boat, with 2 with 5 dollars worth of fees from Wednesday.

https://bitcoinfees.earn.com/ says its around 550 s/byte to be confirmed in the next block. But that has been a total lie.

If you look at recent blocks, some of them have been in 1,000 per byte range.

[Philmill]

CBOT coming out with Futures on Bitcoin on Monday.... will be interesting to see how there numbers work with the cash market

[SharpAngles]

Steam announces they will no longer accept BTC payments yesterday citing volatility. I wonder how long before Amazon and the other big players follow. Interesting to see what effect that has on the price.

South Korea just banned domestic and foreign BTC futures trading too. Hopefully other countries do not get that bright idea.

[bnar]

In the same boat, with 2 with 5 dollars worth of fees from Wednesday.

https://bitcoinfees.earn.com/ says its around 550 s/byte to be confirmed in the next block. But that has been a total lie.

If you look at recent blocks, some of them have been in 1,000 per byte range.

Same here...

How accurate this site might be? https://www.blockonomics.co/

It says my transacion is 1 day and 2 hours old and should be confirmed in 9 hours (I hope it is right )

[Waterstpub87]

Same here...

How accurate this site might be? https://www.blockonomics.co/

It says my transacion is 1 day and 2 hours old and should be confirmed in 9 hours (I hope it is right )

I hope it right. It says I should be good in 15 minutes.

[Bluehorseshoe]

People are going to short the shit out of it. It's coming...

Cramer: Bets against bitcoin will 'annihilate' the digital currency once futures begin trading

With bitcoin futures launching this weekend, short sellers are going to get their say, CNBC's Jim Cramer warns.
"They've been waiting to short it to you," he says to bitcoin buyers.

Berkeley Lovelace Jr. | @BerkeleyJr
Published 3 Hours Ago Updated 2 Hours Ago CNBC.com









Jim Cramer on Squawk on the Streets.
Cramer: There could be more shenanigans after bitcoin futures start trading
2 Hours Ago | 03:01

Bets against bitcoin will "annihilate" the digital currency once futures begin trading over the weekend, CNBC's Jim Cramer predicted Friday.

Cboe bitcoin futures are set to begin trading on Sunday. The CME contracts launch on Dec. 18. Nasdaq, meanwhile, plans to start its own bitcoin futures as early as the second quarter of 2018.

"I think the short selling is just going to annihilate people when you can start trading it," Cramer said after talking with sources in the bitcoin community. A short seller is essentially taking a position on the belief that an asset price will fall instead of rise. Bitcoin futures will allow bitcoin shorts on a widespread basis.

"Once this thing starts trading the futures, they are just going to kibosh it," Cramer said on "Squawk on the Street." "You're going to see a lot of shenanigans."

Bitcoin rocketed above $19,000 Thursday on the Coinbase exchange before tanking. Pressure continued Friday, with the cryptocurrency falling nearly 18 percent at one stage.

Cramer has been a vocal critic of bitcoin, warning investors that it's like "'Monopoly' money" and people would be better off going to Vegas.

Critics, including JPMorgan Chairman and CEO Jamie Dimon, doubt the legitimacy of bitcoin. Dimon has repeatedly called it a "fraud." But proponents argue the digital currency is a good medium of exchange and a way to store value like gold.

"If you're in there buying it, buying bitcoin, you got to be aware there's going to be people who are going to sell it. They've been waiting to short it to you," Cramer said.

"The propensity of people when futures start would not be to bid it up after this turmoil that we've had," Cramer added.

[5mike5]

yesterday tranaction took less than 15 min with $5 fee

today priority fee is like $20 to get in less than an hr..ouch

[GunShard]

Bought some BTC at 16.8k at a Bitcoin ATM.
I say 90% chance BTC hits 20k and 50% chance BTC hits 50k within a few years.

[ChuckyTheGoat]

Any BtC price projections for next 5days?

[bigtymer56]

Steam announces they will no longer accept BTC payments yesterday citing volatility. I wonder how long before Amazon and the other big players follow. Interesting to see what effect that has on the price.

South Korea just banned domestic and foreign BTC futures trading too. Hopefully other countries do not get that bright idea.

FYI...Amazon never has accepted Bitcoin.

[bigtymer56]

People are going to short the shit out of it. It's coming...

Cramer has been a vocal critic of bitcoin, warning investors that it's like "'Monopoly' money" and people would be better off going to Vegas.

Hard to take him seriously after reading that.

Anyway just gonna sit back, grab some popcorn and see what happens before the new year.

[ChuckyTheGoat]

Cramer has been a vocal critic of bitcoin, warning investors that it's like "'Monopoly' money" and people would be better off going to Vegas.

Hard to take him seriously after reading that.

Anyway just gonna sit back, grab some popcorn and see what happens before the new year.

Agree on Cramer's voice being muted. I'll stop short of calling him a clown, but he hasn't shown a track record of beating the market average return. Difference between Talking + Knowing.

[jjgold]

Cramer a typical Jew ustler who is dishonest

[SharpAngles]

FYI...Amazon never has accepted Bitcoin.

Yeah I know but the rumors have been swirling and they haven’t announced they won’t because of volatility which is what I meant.

[shocka1212]

Cramer has been a vocal critic of bitcoin, warning investors that it's like "'Monopoly' money" and people would be better off going to Vegas.

Hard to take him seriously after reading that.

Anyway just gonna sit back, grab some popcorn and see what happens before the new year.

actually watched this piece Cramer did... was pretty disappointed in him.. his whole argument was skeptical and weak. held him to a high standard.

[Waterstpub87]

Any BtC price projections for next 5days?

Sunday and Monday could get messy with the futures being introduced. 3 Likely scenarios:

1. Everyone who wants to short starts to short on Sunday/Monday, the price tanks. The problem with bitcoin prior to now has been the relatively difficult process to short. There are some places that allow bitcoin derivatives trades, but they aren't as large as CME/CBOT. Large traders aren't going to touch unregulated places, but with CBOT, they now do. Many in the financial community are skeptical of bitcoin, when you see bloomberg headlines like "Is Bitcoin the next big short" it gives you pause.


2. Institutional investors who aren't going to buy actual coins now go long, and the price goes high. People who were worried about holding actual coins can now trade highly liquid futures contracts. CBOT reputation guarantees delivery.

3. Bitcoin futures flop, not really much interest. Bitcoin prices drop slightly as the news that institutional investors aren't particularly interested.

Nobody knows. Going to be huge volatility, especially Sunday and Monday as the futures orders start to come in. Your best guess either way. If you are afraid of volatility, get out now.

[Bluehorseshoe]

Sunday and Monday could get messy with the futures being introduced. 3 Likely scenarios:

1. Everyone who wants to short starts to short on Sunday/Monday, the price tanks. The problem with bitcoin prior to now has been the relatively difficult process to short. There are some places that allow bitcoin derivatives trades, but they aren't as large as CME/CBOT. Large traders aren't going to touch unregulated places, but with CBOT, they now do. Many in the financial community are skeptical of bitcoin, when you see bloomberg headlines like "Is Bitcoin the next big short" it gives you pause.


2. Institutional investors who aren't going to buy actual coins now go long, and the price goes high. People who were worried about holding actual coins can now trade highly liquid futures contracts. CBOT reputation guarantees delivery.

3. Bitcoin futures flop, not really much interest. Bitcoin prices drop slightly as the news that institutional investors aren't particularly interested.

Nobody knows. Going to be huge volatility, especially Sunday and Monday as the futures orders start to come in. Your best guess either way. If you are afraid of volatility, get out now.

That's why I bought Litecoin. I think any scenario is good for the price of Litecoin going up.

[ans61201]

Back to the 13,000's

[shocka1212]

Sunday and Monday could get messy with the futures being introduced. 3 Likely scenarios:

1. Everyone who wants to short starts to short on Sunday/Monday, the price tanks. The problem with bitcoin prior to now has been the relatively difficult process to short. There are some places that allow bitcoin derivatives trades, but they aren't as large as CME/CBOT. Large traders aren't going to touch unregulated places, but with CBOT, they now do. Many in the financial community are skeptical of bitcoin, when you see bloomberg headlines like "Is Bitcoin the next big short" it gives you pause.


2. Institutional investors who aren't going to buy actual coins now go long, and the price goes high. People who were worried about holding actual coins can now trade highly liquid futures contracts. CBOT reputation guarantees delivery.

3. Bitcoin futures flop, not really much interest. Bitcoin prices drop slightly as the news that institutional investors aren't particularly interested.

Nobody knows. Going to be huge volatility, especially Sunday and Monday as the futures orders start to come in. Your best guess either way. If you are afraid of volatility, get out now.

those are big contracts though... smallest one is 5 btc so were not going to have some John Doe skeptical at home shorting it.

[Deceptakhan]

I hope it right. It says I should be good in 15 minutes.

i sent some btc on wednesday and still zero confirmations jesus christ wtf

[5mike5]

yeah u havent.to.send.priority or its gonna take forever

cost me over $15 to send, but it also only took just 15sec. literally 15 sec.

[Outsider626]

Gemini making me mad. Now almost everyday they have maintenance going on.

[ans61201]

In a hypothetical crash or huggge dip, how would the sportsbooks be affected? How invested are they in btc at a given time?

[5mike5]

nobody knows that

if they say they do they are just guessing

[convick]

In a hypothetical crash or huggge dip, how would the sportsbooks be affected? How invested are they in btc at a given time?

Who knows how much they keep from the deposits. You figure they have some on hand for payouts, but if they keep a large balance they might be getting nervous right about now.