Bitcoin Price Tracking & Discussion -- 2017

[Otters27]

What the hell ether

[shocka1212]

What if the bubble burst to 0? Or you think it's not possible?

Too early in the game for that to be honest. In a market that's purely speculative (which we are not in) there would be more cause for concern. The common investor is just starting to get involved which can only help our cause. The type of crash we fear wouldn't come for another year and a half or so

[MeanPeopleSuck]

Sell just prior to the fork or hold for btc2, that is the question...

Heh, cool Homer gif. That IS the question and the answer depends on the price. If the price keeps going crazy like it has been for the next two weeks, then the answer's easy: sell an hour before the fork at $8000 or whatever god forsaken price it gets driven to, then wait a couple days and buy more of both forks with your cash than you would've gotten for holding through the fork.

The precedents are split: for the BCH fork the most profitable move was to hold all the way through, but for the BTG fork you'd've been better off selling at 6000 just before the split, then buying your BTC back around 5500 over the next few days (and, if you wanted to bother with it, BTG tokens at Bitfinex for a hundred bucks.)

So let's root for irrational exuberance.

[bonz]

Good point shocka its still new to most. Gamblers were aware way before joe public.

[swordsandtequila]

Heh, cool Homer gif. That IS the question and the answer depends on the price. If the price keeps going crazy like it has been for the next two weeks, then the answer's easy: sell an hour before the fork at $8000 or whatever god forsaken price it gets driven to, then wait a couple days and buy more of both forks with your cash than you would've gotten for holding through the fork.

The precedents are split: for the BCH fork the most profitable move was to hold all the way through, but for the BTG fork you'd've been better off selling at 6000 just before the split, then buying your BTC back around 5500 over the next few days (and, if you wanted to bother with it, BTG tokens at Bitfinex for a hundred bucks.)

So let's root for irrational exuberance.

Yeah if it gets to a certain price it will be hard not to sell. Would hate to hold only to see the value drop below a price where btc/btc2 doesn't offset the potential profit from a pre-fork sale. Regardless, fun times indeed

[ChuckyTheGoat]

Too early in the game for that to be honest. In a market that's purely speculative (which we are not in) there would be more cause for concern. The common investor is just starting to get involved which can only help our cause. The type of crash we fear wouldn't come for another year and a half or so

Shocka, my 2-cents on the idea of a BtC bubble in the near future. I DON'T think that will be the case in next 12 months or so.

When I hear bubble, that implies an entity is being overbought or overpriced. I don't think that's the case. I sometimes use Bitcoin to purchase gift-cards. As I go around to the retailers...the comment I hear is "I've never seen that" or "we get that maybe once a year."

In other words, the Bitcoin usage is not being maxed out yet. Not even close. If u asked 100 people on the street, I still think 98 won't know what you're talking about.

I actually think the other direction. There's more room for growth. When the general public presses the demand more, this price still has room to go up.

[raiders72001]

Bitcoin Surges After World's Biggest Exchange Announces Plans for Futures

https://www.bloomberg.com/news/artic...itcoin-futures

[d2bets]

Up 60% in the last 4 weeks. Like a broken record. Will we see $10k this year?

[shocka1212]

Up 60% in the last 4 weeks. Like a broken record. Will we see $10k this year?

Yes

[JAKEPEAVY21]

$7280

holy fukk

[USCPHILLYGUY]

$7280

holy fukk

THIS is why jake is VIP in my phone! Up at 425AM local time tracking Bitcoin prices

7349

[trytrytry]

to the moon

[JAKEPEAVY21]

THIS is why jake is VIP in my phone! Up at 425AM local time tracking Bitcoin prices

7349

lol have had trouble sleeping lately

been up since before 3am

[SEAHAWKHARRY]

Just reading up on bit coin got some catching up to do gonna buy some with my betpoints to start. Have to open a acct I see and a wallet. What is a Fork in regards to Bitcoin?

[swordsandtequila]

Just reading up on bit coin got some catching up to do gonna buy some with my betpoints to start. Have to open a acct I see and a wallet. What is a Fork in regards to Bitcoin?

https://www.coindesk.com/short-guide-bitcoin-forks-explained/

[USCPHILLYGUY]

lol have had trouble sleeping lately

been up since before 3am

Couldn't sleep last night either. Matty trying to fleece me in a trade with Hopkins

[SEAHAWKHARRY]

https://www.coindesk.com/short-guide...rks-explained/

Thank you

[shocka1212]

Woke up in the middle of the night and had to do a triple take. Thought I was hallucinating

[Outsider626]

$6,989.00

[USCPHILLYGUY]

$6,989.00

we got this rookie

[trytrytry]

Woke up in the middle of the night and had to do a triple take. Thought I was hallucinating

welcome to my world

[Pauulzcappin]

broke 7k

when is this gonna stop? when is the bubble gonna burst and we are gonna lose it all?

[Pauulzcappin]

broke 7k

when is this gonna stop? when is the bubble gonna burst and we are gonna lose it all?

*getting in right now

[Sam Odom]

Sell a little as it goes up... dont worry

Or... Be like jake and stay all in

[shocka1212]

broke 7k

when is this gonna stop? when is the bubble gonna burst and we are gonna lose it all?

would have to hit atleast 12k before that happens.. most we'll see is market overreactions to forks with a drop of about 10%. but even then so, you'll see it correct itself within a few days

[illiteratepotato]

Any nitrogen players with a running balance here? What do you plan to do for the fork?I find it very worrisome that if the b2x fork happens then there is a good possibility that one of the chains (1x or 2x) dies off. Even if this does not occur and the fork turns out to be just an "upgrade" I still think the uncertainty leading up to it makes it a better decision to be in fiat before it happens.I'm already aware of what exchanges like coinbase are doing for the fork and have no interest in keeping btc there.Anyone else think its prudent to xfer the btc to a fiat book like 5d or heritage?

[JAKEPEAVY21]

Sell a little as it goes up... dont worry

Or... Be like jake and stay all in

sadly, I have sold a few times along the way

still holding some though and in no rush to sell

[TheMoneyShot]

The situation is pretty simple now.... for the person that's not REALLY IN AT THE MOMENT... Bitcoin is so highly priced... you could get your ass lit up going in at the wrong time.


For the person that's been in it at around the 2200 mark... or even 3200... sh#$.... just ride the wave. Why the fuk would you get out?


So... I'm disappointed in myself for not trusting it.... and not getting involved in it... I got involved around the 4100 mark.... and sold at 4300. I can't trust this sh#$. Especially if you don't have $ to lose.

But we're at the point now.... it's deadly to get it..... you would chance 7000 for one coin at the moment? It could lose 1000 overnight... at anytime.

Just wondering if you guys think or feel the same way? It's almost a lost cause to even get involved anymore.

[PeterJohnson]

Aint that the million doller question

The situation is pretty simple now.... for the person that's not REALLY IN AT THE MOMENT... Bitcoin is so highly priced... you could get your ass lit up going in at the wrong time.


For the person that's been in it at around the 2200 mark... or even 3200... sh#$.... just ride the wave. Why the fuk would you get out?


So... I'm disappointed in myself for not trusting it.... and not getting involved in it... I got involved around the 4100 mark.... and sold at 4300. I can't trust this sh#$. Especially if you don't have $ to lose.

But we're at the point now.... it's deadly to get it..... you would chance 7000 for one coin at the moment? It could lose 1000 overnight... at anytime.

Just wondering if you guys think or feel the same way? It's almost a lost cause to even get involved anymore.

[MeanPeopleSuck]

Any nitrogen players with a running balance here? What do you plan to do for the fork?I find it very worrisome that if the b2x fork happens then there is a good possibility that one of the chains (1x or 2x) dies off. Even if this does not occur and the fork turns out to be just an "upgrade" I still think the uncertainty leading up to it makes it a better decision to be in fiat before it happens.I'm already aware of what exchanges like coinbase are doing for the fork and have no interest in keeping btc there.Anyone else think its prudent to xfer the btc to a fiat book like 5d or heritage?

Make sure to withdraw all your sportsbook BTC by Nov 14th.

Nitro promised to distribute BCH from the August fork, but they haven't followed through on that promise, so who knows.

[MeanPeopleSuck]

*getting in right now

Buying now's a rough proposition. I've been trading crypto for 3 years, so I'm an official war veteran, and my guess (and that's all anybody can do at these valuations) is 7k is a selling price, not a buying price, for BTC.

And I'm not a bear trying to rain on everybody's parade. Just a few days ago, I recommended buying BTC, but that was at a very different price: https://www.sportsbookreview.com/for...heres-why.html

[MeanPeopleSuck]

sadly, I have sold a few times along the way

still holding some though and in no rush to sell

Hi, Jake, good to see ya. Taking profits is never a mistake. I've just put the finishing touches on the MPS, dollar cost averaged selling prices for the runup. My selling prices are: $7090 (just triggered), 7190, 7290, etc., every hundred bucks up to 8190.

And I'm perfectly happy to extend those sells to 9k if people really want to lose all grasp on reality before the fork.

[bitcoinLuke]

The situation is pretty simple now.... for the person that's not REALLY IN AT THE MOMENT... Bitcoin is so highly priced... you could get your ass lit up going in at the wrong time.


For the person that's been in it at around the 2200 mark... or even 3200... sh#$.... just ride the wave. Why the fuk would you get out?


So... I'm disappointed in myself for not trusting it.... and not getting involved in it... I got involved around the 4100 mark.... and sold at 4300. I can't trust this sh#$. Especially if you don't have $ to lose.

But we're at the point now.... it's deadly to get it..... you would chance 7000 for one coin at the moment? It could lose 1000 overnight... at anytime.

Just wondering if you guys think or feel the same way? It's almost a lost cause to even get involved anymore.

But but but, it will never see $5000 again, and predicting it will be $7000 by the end of the year is just silly. Just STFU and stay out of this thread......you clearly have zero idea whats going on

[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.

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

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.

[illiteratepotato]

wasn't aware they haven't delivered on the bch yet. thanks for the heads up! I will be moving funds off there on the 9th.