Bitcoin Price Tracking & Discussion -- 2017

**Sam Odom** · 01-07-17, 08:06 AM

anyone BUYING in the 800s ?

**Sam Odom** · 01-07-17, 08:41 AM

for those using Bitcoin Core

13.2 is out

**newguy** · 01-07-17, 03:57 PM

What happens first. 800 or 1000?

**SpeedPro** · 01-07-17, 04:02 PM

Originally posted by Snowball

it will form a blowoff top then collapse totally
because Trump hates it.

The US dollar will explode under Trump, it has already started,
once his people take control, you'll see gold drop to 800 and
bitcoin is going under 500, possibly even back to 200 or less.

The weak money policies of Obama administration allowed
bitcoin to flourish. Whole new ballgame coming. Bitcoin is
money laundering and black market. It is fraud and violates
wire acts and the mandate of the Fed and Treasury to
police American legal tender.

So if the opposite happens it just means you don't know what ur talking about! LOL!

**SpeedPro** · 01-07-17, 04:26 PM

Who actually wins if the bottom drops out and say it goes back to $20? I don't see why Bitcoins, which has gotten this big, would or could do that without world wide market collapse!

**Optional** · 01-07-17, 04:39 PM

Originally posted by SpeedPro

So if the opposite happens it just means you don't know what ur talking about! LOL!

Snowball is implying that bitcoin is a hedge against a weak US$ like gold is. So will drop on a strengthening dollar.

But he must not have looked at any historical data as I doubt he could find a correlation with the US$.

Guess he uses a crystal ball.

Not that it has been very clear for him. Been making posts with new and better theories about how bitcoin is about to crash for four years now

And that's without the silly Trump hates bitcoin line.

Here's why Trump's win boosted Bitcoin

Why Trump Budget Chief Pick is Good for Bitcoin
Elon Musk appointed as Trump advisor
Donald J. Trump Appoints Bitcoin Investor Peter Thiel to Presidential Transition Team

I think Snowball might be an undercover operative for the banks he is so keen to talk down bitcoin even if it means claiming the polar opposite of reality is true!

**SpeedPro** · 01-07-17, 08:41 PM

That is hilarious. He may be part of the bank industry doin his part. I've been investing in BTC for a little over a year now and have enjoyed the gains I've made even with volatility.

**RoyBacon** · 01-07-17, 09:17 PM

Pretty steady day. A little move up in the morning off of 880 up to 905 but most the day sitting at 900. May be settling in.

**Sam Odom** · 01-08-17, 02:42 AM

24hr swing: 810 - 940

930 now

**evo34** · 01-08-17, 02:57 AM

Originally posted by Optional

Snowball is implying that bitcoin is a hedge against a weak US$ like gold is. So will drop on a strengthening dollar.

But he must not have looked at any historical data as I doubt he could find a correlation with the US$.

Guess he uses a crystal ball.

Not that it has been very clear for him. Been making posts with new and better theories about how bitcoin is about to crash for four years now

And that's without the silly Trump hates bitcoin line.

Here's why Trump's win boosted Bitcoin

Why Trump Budget Chief Pick is Good for Bitcoin
Elon Musk appointed as Trump advisor
Donald J. Trump Appoints Bitcoin Investor Peter Thiel to Presidential Transition Team

I think Snowball might be an undercover operative for the banks he is so keen to talk down bitcoin even if it means claiming the polar opposite of reality is true!

BTC is is actually correlated with USD strength. 0.53 daily correl. btw GBTC and UUP since mid-Oct.

**jjgold** · 01-08-17, 07:14 AM

It will eventually get stable again like all currencies

They all have their volatility from time to time

Issue with bitcoin is it is not liquid like the big currency pairs which makes it real dangerous

**RoyBacon** · 01-08-17, 08:57 AM

Give BTC credit for withstanding this severe downturn. If you look at the chart BTC started its record jump on Dec 16 when it was $790. It pierced $800 and kept going to nearly $1200. If you look past the great rise and fall and connect the mid December to mid Jan prices one could conclude that the rally higher is still in tact. Also, the low in the sharp sell off two days ago reached $815 so the $790 level held fairly nicely.

I think we will establish a trading range where we will stay for a while and consolidate/ heal. Probably a $875 to $995 type of range.

**trytrytry** · 01-08-17, 09:16 AM

949

**Optional** · 01-08-17, 04:19 PM

Originally posted by evo34

BTC is is actually correlated with USD strength. 0.53 daily correl. btw GBTC and UUP since mid-Oct.

If that is true, I stand corrected.

Actually, don't really believe it... think you would need to bend data and read tea leaves to find the required anti-correlation to make Snowballs theory plausible. But don't care enough to go look so will accept.

**raiders72001** · 01-08-17, 04:28 PM

Although I respect evo's opinions, there isn't any correlation between the USD and bitcoin.

**triplecrown333** · 01-11-17, 07:00 AM

Originally posted by triplecrown333

buying bitcoin right now is buying confidence in china... let that sink in for a moment

i am the voice of reason...

**Sam Odom** · 01-11-17, 08:23 AM

Originally posted by Sam Odom

Looking to BUY now but at much lower than 950

**triplecrown333** · 01-11-17, 08:41 AM

i would take a shot at 800

**Russian Rocket** · 01-11-17, 09:26 AM

Originally posted by triplecrown333

i would take a shot at 800

rule #1 - never try to catch a falling knife (unless you're David Blaine of course)

best of luck Triple

**triplecrown333** · 01-11-17, 10:02 AM

thanks rocketman, only looking to buy a few for the superbowl bets...

**Russian Rocket** · 01-11-17, 10:12 AM

Originally posted by triplecrown333

thanks rocketman, only looking to buy a few for the superbowl bets...

right on dude!
do you bet in BTC books or do you convert it to USD?

**triplecrown333** · 01-11-17, 10:18 AM

i buy it and leave it at coinbase for now, when the time comes i will sell and transfer to bitchain and then 5 dimes..meant blockchain

**Russian Rocket** · 01-11-17, 10:21 AM

Originally posted by triplecrown333

i buy it and leave it at coinbase for now, when the time comes i will sell and transfer to bitchain and then 5 dimes..meant blockchain

got it...gl!

**raiders72001** · 01-11-17, 01:42 PM

Bitcoin slides as China's central bank launches checks on exchanges

http://www.reuters.com/article/us-ch...-idUSKBN14V15Q

**Sam Odom** · 01-11-17, 01:43 PM

768

**YoungGambler** · 01-11-17, 01:49 PM

I'm buying soon, all the chinese are buying bitcoin up cause the Yuan has fallen steady. Invest in bitcoin > if yuan falls sell bitcoin to yuan > possible profit. Of course that commie government gonna stop that. In trump we trust??

**High3rEl3m3nt** · 01-11-17, 02:16 PM

raiders, rocket, sammy, etc., What do you guys think? BTC rebounds?

**Sam Odom** · 01-11-17, 02:21 PM

Originally posted by High3rEl3m3nt

raiders, rocket, sammy, etc., What do you guys think? BTC rebounds?

yes , of course but... from what bottom ?

dunno

**Russian Rocket** · 01-11-17, 02:24 PM

Originally posted by High3rEl3m3nt

raiders, rocket, sammy, etc., What do you guys think? BTC rebounds?

no idea man...I'm the wrong person to ask
these price swings are way too violent for my liking

**Not4love** · 01-11-17, 04:24 PM

Just don't transfer directly from coinbase to a betting exchange. They have closed accounts based on that.

**Optional** · 01-11-17, 09:09 PM

Originally posted by Sam Odom

yes , of course but... from what bottom ?

dunno

So many people in around the $500-$550 level that if it breaks that floor it could go really low, really fast, I think.

But agree that is likely a sweet buying opportunity long term.

**SeahawkSanders** · 01-11-17, 10:09 PM

I got a $1,500 payout from Heritage yesterday when BTC was over $900. For some reason my dumb butt didn't transfer it right away so now that $1,500 has sunk to under $1,300. Should I hold or eat the loss?

**Optional** · 01-12-17, 03:14 AM

Originally posted by SeahawkSanders

I got a $1,500 payout from Heritage yesterday when BTC was over $900. For some reason my dumb butt didn't transfer it right away so now that $1,500 has sunk to under $1,300. Should I hold or eat the loss?

Personal decision on how fast you want to see the cash and how much it might bother you to lose even more.

For me, I have a some that were worth 1050 and have just left them sitting there expecting it go back near that again fairly soon before I deposit it. But not enough that I will care if it plunges either.

**19th Hole** · 01-12-17, 03:36 AM

Bitcoin equals
772.35 US Dollar

**Sam Odom** · 01-12-17, 10:15 AM

<750 is the buy