Bitcoin Price Tracking & Discussion -- 2017

[shocka1212]

if anyones waiting to buy, just wait until right after nov 16th

[MeanPeopleSuck]

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.

FWIW, and subject to all the usual "Crypto makes fools of us all" cautions, I definitely would not buy right now.

This runup is so strong and so sudden that it feels to me like it must have some irrational exuberance in it. As I mention above, I've set up sells from $7090 all the way to $8190. I'm happy to go higher if the insanity spreads.

At this point, at this price, I'd definitely wait out the fork and see what happens then. If the runup continues its insanity and BTC's at, say, 8k the moment before the fork, then I'd expect a ton of selling immediately after the fork, such that BTC just before the fork will be much > BTC + BT2 a little bit after the fork.

But it's crypto, so who the hell knows?

[advantageU]

Fun thread. Does anyone want to make a bet, like a pool, to guess what BTC/USD ratio will be on christmas or new years eve? We pick a website like bitstamp and make guesses, whoever guesses closest scoops the pot.

I don't post here often but if someone wants to run a pool I can spend some betpoints or real cash. I have a number in my mind already lol

[TheMoneyShot]

FWIW, and subject to all the usual "Crypto makes fools of us all" cautions, I definitely would not buy right now.

This runup is so strong and so sudden that it feels to me like it must have some irrational exuberance in it. As I mention above, I've set up sells from $7090 all the way to $8190. I'm happy to go higher if the insanity spreads.

At this point, at this price, I'd definitely wait out the fork and see what happens then. If the runup continues its insanity and BTC's at, say, 8k the moment before the fork, then I'd expect a ton of selling immediately after the fork, such that BTC just before the fork will be much > BTC + BT2 a little bit after the fork.

But it's crypto, so who the hell knows?

I definitely appreciate your insight and posts. I'm sure a lot of posters do as well.

When this fork hits around November 16... what will exactly happen?

For example... let's say you only had 1 bitcoin valued at 7,000 (again just an example)

What will you receive exactly for Bitcoin X2 at the fork? Any estimated value?

I'm just wondering if it's even worth getting involved?

[swordsandtequila]

I definitely appreciate your insight and posts. I'm sure a lot of posters do as well.

When this fork hits around November 16... what will exactly happen?

For example... let's say you only had 1 bitcoin valued at 7,000 (again just an example)

What will you receive exactly for Bitcoin X2 at the fork? Any estimated value?

I'm just wondering if it's even worth getting involved?

One for one, as long as you have your btc in a wallet (Electrum, Exodus, etc. in which you control your keys) or one of the exchanges who are recognizing the fork (Coinbase/GDAX, Bitfinex, etc.) But as MPS stated, it's more than possible the value of btc just prior to the fork will be higher than the sum of btc + bt2 post fork. The great unknown. Hell, in bizarro world bt2 becomes the dominant blockchain. I bought a small position with the idea of holding for free bt2, but if this fukker hits 8K plus I'm 98% selling, then buying back in after the fork (assuming a nice price drop). Just like gambling on a game, just takes longer than 3 hours

[illiteratepotato]

the price of using bitcoin is that you need to spend hours upon hours researching wtf is going on...and then you still don't really know! how many coins am i getting? are you sure they'll give me both? whats it going to be called again? it's comical at this point. who has the fkin time to keep up with these politics like a daily tv show?i'd rather have an ethereum based sportsbook. keep eth at $300 for all I care. at least I wouldnt have to worry about the stupid fees, slow tx time and crazy price volatility while im wagering. i'd flock to it in a heartbeat.

[swordsandtequila]

the price of using bitcoin is that you need to spend hours upon hours researching wtf is going on...and then you still don't really know! how many coins am i getting? are you sure they'll give me both? whats it going to be called again? it's comical at this point. who has the fkin time to keep up with these politics like a daily tv show?i'd rather have an ethereum based sportsbook. keep eth at $300 for all I care. at least I wouldnt have to worry about the stupid fees, slow tx time and crazy price volatility while im wagering. i'd flock to it in a heartbeat.

Play a fiat book that accepts crypto for deposit/withdrawal. Plenty of them out there. Problem solved.

[Outsider626]

So is it better to sell your bitcoin like on November 15th before the fork? And than buy again.

[shocka1212]

So is it better to sell your bitcoin like on November 15th before the fork? And than buy again.

Depending on how you sell... selling on Coinbase will lock up your funds and make the profit count as a capital gain so the profit would get killed with tax depending on how long you've held it. If you're going to buy, I'd do so the day after the fork when there's an overreaction

[Outsider626]

Depending on how you sell... selling on Coinbase will lock up your funds and make the profit count as a capital gain so the profit would get killed with tax depending on how long you've held it. If you're going to buy, I'd do so the day after the fork when there's an overreaction

I use Gemini now. The fees on Coinbase are insane.

[shocka1212]

Here we go.. buckle up boys

[Outsider626]

“For those tactically minded, we would be buyers of bitcoin in the $5,500 range, but such a pullback does not need to happen,” Lee, a managing partner of Fundstrat Global Advisors wrote in a Thursday note. In the long-term, Lee expects Bitcoin prices to reach $25,000 by 2022.

All in

[ChuckyTheGoat]

Here we go.. buckle up boys

Shock, what is the key upcoming fork date? It should be taken seriously? Proceed w/ caution?

[bitcoinLuke]

I use Gemini now. The fees on Coinbase are insane.

Stop being a noob and transfer it to GDAX from Coinbase to sell. 0% fee if you're the order maker

[bitcoinLuke]

Depending on how you sell... selling on Coinbase will lock up your funds and make the profit count as a capital gain so the profit would get killed with tax depending on how long you've held it. If you're going to buy, I'd do so the day after the fork when there's an overreaction

Lock up your funds? Wut?

[Outsider626]

Stop being a noob and transfer it to GDAX from Coinbase to sell. 0% fee if you're the order maker

I don't use coinbase. I'm on Gemini.

[bitcoinLuke]

I definitely appreciate your insight and posts. I'm sure a lot of posters do as well.

When this fork hits around November 16... what will exactly happen?

For example... let's say you only had 1 bitcoin valued at 7,000 (again just an example)

What will you receive exactly for Bitcoin X2 at the fork? Any estimated value?

I'm just wondering if it's even worth getting involved?

You should just sit this out because BTC going to $7000 is just silly talk, its never going hitting $5,000 again

[bitcoinLuke]

I don't use coinbase. I'm on Gemini.

You said the fees on Coinbase are insane....they aren't . Just transfer BTC over to the Gdax exchange, sell and transfer back. Zero fees

[shocka1212]

Shock, what is the key upcoming fork date? It should be taken seriously? Proceed w/ caution?

nov 16th... Im holding, and then buying 12-18 hours after then when I believe we will get the best price. (10-12% discount)

[shocka1212]

Lock up your funds? Wut?

in the event someone is selling a sizable amount and is looking to middle out by selling, and then buying back in a day later, if you didn't have enough to cover the 2nd purchase amount given the transfer hasn't hit your bank account yet (if thats the way you're doing it). sorry if that sounds like hogwash, its 1:40am. I'm burnt out from a 18 hour work day

[eidolon]

Speaking of fees, you guys use Poloniex?

[ChuckyTheGoat]

nov 16th... Im holding, and then buying 12-18 hours after then when I believe we will get the best price. (10-12% discount)

OK, shock. Thx and GL.

[raiders72001]

CME news brought a lot of media attention to bitcoin. New signups at exchanges has been insane.

Coinbase added 100,000 new customers in one day.

[JAKEPEAVY21]

this bitcoinLuke is themorino of the bitcoin forum

in other news, a beautiful morning in the Bitcoin community!!

[USCPHILLYGUY]

this bitcoinLuke is themorino of the bitcoin forum

in other news, a beautiful morning in the Bitcoin community!!

gotta agree Jake....why come in here and criticize other posters? I've learned a lot from most in here.......the negative comments make no sense

[shocka1212]

gotta agree Jake....why come in here and criticize other posters? I've learned a lot from most in here.......the negative comments make no sense

all about making money. they're just mad that we're in a winning proposition and they're betting $100 on a pacers game. they're looking for that 9 team parlay to hit. hopeless losers. lets keep this train going fellas

[convick]

all about making money. they're just mad that we're in a winning proposition and they're betting $100 on a pacers game. they're looking for that 9 team parlay to hit. hopeless losers. lets keep this train going fellas

Wasnt there some guy saying it was going to drop to $ 9-10? Its so hard to distinguish between the people trolling and those that are just bitter and hostile towards cryptocurrencies.

Thats negative but so is saying it would never hit 7k. Im sure luke will let it go at some point.

[MeanPeopleSuck]

I use Gemini now. The fees on Coinbase are insane.

Unless they change their current position on B2X, you'll want to leave Gemini before Nov 14th. For details: https://www.sportsbookreview.com/for...need-know.html

[MeanPeopleSuck]

I definitely appreciate your insight and posts. I'm sure a lot of posters do as well.

When this fork hits around November 16... what will exactly happen?

For example... let's say you only had 1 bitcoin valued at 7,000 (again just an example)

What will you receive exactly for Bitcoin X2 at the fork? Any estimated value?

I'm just wondering if it's even worth getting involved?

SwordsandTequila gave a great answer to this already. I can maybe just add one piece of intel: currently, futures markets are pricing B2X at about $1200, so if the fork happened right now, BTC would come out priced about $6k and BX2 about $1200, but futures markets have been wrong before about hard fork coins, so who knows?

[MeanPeopleSuck]

Speaking of fees, you guys use Poloniex?

I do, they suck. 10 days ago they mis-sent $6700 of my Tether. That money's zorked in cyberspace until I can get them to fix it, but they haven't even answered my support ticket yet. https://omniexplorer.info/lookuptx.a...f249b1006a28d0

By contrast, Bittrex, who I was sending it to, got back to me that night and finished their investigation two days later.

Polo can suck it.

[MeanPeopleSuck]

Shock, what is the key upcoming fork date? It should be taken seriously? Proceed w/ caution?

Every boring thing you never wanted to know about the upcoming fork: https://www.sportsbookreview.com/for...need-know.html

[ApricotSinner32]

In before bitcoin crashes....

[Outsider626]

Unless they change their current position on B2X, you'll want to leave Gemini before Nov 14th. For details: https://www.sportsbookreview.com/for...need-know.html

So if i transfer from Gemini to Coinbase let's say on Nov 13th than i should be fine? And thanks.

[Outsider626]

Quick question. I want to make sure I understand everything correctly. I have my bitcoins seating at Gemini. I didn't transfer them to my bitcoin wallet because it's not a huge amount. Should i sell them before the fork and leave the money on Gemini, and 24 hours or so later buy back bitcoins at a cheaper rate?

[USCPHILLYGUY]

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