Bitcoin Price Tracking & Discussion -- 2019

[raiders72001]

And you can short bitcoin so is that necessarily a good thing?

Price tumbled hard when CBOE and CME launched bitcoin futures though unlike Bakkt, they were cash settled futures

It's a tough call on short term institution money. I think the more that bitcoin becomes involved in futures or any other type of bitcoin activity, the better it is long term. More awareness of bitcoin should lead to an increase in price.

[milwaukee mike]

Interesting perspective... but remember the PO's are coming from wallets... not exchanges. I don't think that would trigger anything.

Somehow they get the data on rapid buys and rapid sells from exchanges.... that would change the price.

i was just thinking if bookmaker sends out $1 million in btc at 2pm, and most people are gonna sell once it's confirmed, that could possibly create a bunch of sells in a short amount of time?

i have seen a bunch of 300 point drops right around the time my payouts are getting confirmed and not too many big jumps

[clockwise1965]

Crazy ride for short term investors.

[Hman]

Well looks like we're closing in on the $7,000 range

[Sam Odom]

Buying a little <7500

Have no real/legit reason why...

[asiagambler]

Buying a little <7500

Have no real/legit reason why...

Because shorts are about to get rekt
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">5,000,000 <a href="https://twitter.com/hashtag/USDT?src=hash&amp;ref_src=twsrc%5Etfw"># USDT</a> (5,037,203 USD) transferred from Tether Treasury to <a href="https://twitter.com/hashtag/Bitfinex?src=hash&amp;ref_src=twsrc%5Etf w">#Bitfinex</a><br><br>Tx: <a href="https://t.co/0XyKd2epR1">https://t.co/0XyKd2epR1</a></p>&mdash; Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1176977839775768582?ref_src=twsrc%5Etfw" >September 25, 2019</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

[Hman]

Because shorts are about to get rekt
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">5,000,000 <a rel="nofollow" href="https://twitter.com/hashtag/USDT?src=hash&amp;ref_src=twsrc%5Etfw"># USDT</a> (5,037,203 USD) transferred from Tether Treasury to <a rel="nofollow" href="https://twitter.com/hashtag/Bitfinex?src=hash&amp;ref_src=twsrc%5Etf w">#Bitfinex</a><br><br>Tx: <a rel="nofollow" href="https://t.co/0XyKd2epR1">https://t.co/0XyKd2epR1</a></p>&mdash; Whale Alert (@whale_alert) <a rel="nofollow" href="https://twitter.com/whale_alert/status/1176977839775768582?ref_src=twsrc%5Etfw" >September 25, 2019</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Meaning?

[asiagambler]

Meaning?

Meaning- pump incoming courtesy of tether

[milwaukee mike]

It's a tough call on short term institution money. I think the more that bitcoin becomes involved in futures or any other type of bitcoin activity, the better it is long term. More awareness of bitcoin should lead to an increase in price.

since that run to 20k, i've felt the opposite

additional activity drowns the network and shows just how worthless bitcoin and other cryptos are, as a means of transfer, there's just no way to make it instantaneous or quick like a credit card

it's been years now and still nobody uses bitcoin for anything other than gambling or money laundering, or trading... that's not an asset that's a scam

[Sam Odom]

Can buy dozens of retail gift cards with BTC

[milwaukee mike]

Can buy dozens of retail gift cards with BTC

but why would average joe want to?

hey step right up and buy your $1000 amazon gift card... not only do you not get the frequent flier miles and credit card rebates, but you can buy 1000 worth of bitcoin and end up with 900 at amazon because of the price fluctuation!

what a great way to waste time and effort just to cost myself money!

[Sam Odom]

...but you can buy 1000 worth of bitcoin and end up with 900 at amazon because of the price fluctuation!

JFC mikey -- you are sounding like a rookie or someone who just got burned on this price drop

Because over the years it has worked just the opposite many many times... (your quote above)


Also... Many posters use BTC DCs for daily expenditures


Anyhow... good to see your posting

[milwaukee mike]

JFC mikey -- you are sounding like a rookie or someone who just got burned on this price drop

Because over the years it has worked just the opposite many many times... (your quote above)


Also... Many posters use BTC DCs for daily expenditures


Anyhow... good to see your posting

absolutely

i've always said cryptos aren't for the masses though

[Hman]

How long did it hang around the $10-12,000 range?

Whatever this drops to can we expect it to remain there for the same amount of time?

[milwaukee mike]

How long did it hang around the $10-12,000 range?

Whatever this drops to can we expect it to remain there for the same amount of time?

no floor and no ceiling for cryptos, and certainly no road map

stuff like ripple went from less than .01 to 3.80 pretty quickly, and now at .23

pretty surprising to me that bitcoin has been relatively stable, still would like it to stay flat of course!

[Hman]

no floor and no ceiling for cryptos, and certainly no road map

stuff like ripple went from less than .01 to 3.80 pretty quickly, and now at .23

pretty surprising to me that bitcoin has been relatively stable, still would like it to stay flat of course!

The payout I received from a sportsbook prior to this one was via direct-deposit.

I think that's the route I'm going to use from here on out because the fee I paid is not more or less than what I pay in Bitcoin transaction fees, and it was in my account the very next night.

[milwaukee mike]

The payout I received from a sportsbook prior to this one was via direct-deposit.

I think that's the route I'm going to use from here on out because the fee I paid is not more or less than what I pay in Bitcoin transaction fees, and it was in my account the very next night.

you rookie!

-sam odom

[TheMoneyShot]

Only thing we do know... BTC is worth at least 5k lol

[raiders72001]

since that run to 20k, i've felt the opposite

additional activity drowns the network and shows just how worthless bitcoin and other cryptos are, as a means of transfer, there's just no way to make it instantaneous or quick like a credit card

it's been years now and still nobody uses bitcoin for anything other than gambling or money laundering, or trading... that's not an asset that's a scam

There will be improvements whether it's a sidechain or something that we haven't thought of yet. Bitcoin is 10 years old, don't give up on it.

[raiders72001]

I'm not sure if this has legs but read this today,

Venezuela's dreams of becoming a crypto nation evidently extend beyond just the state-backed petro.
Earlier today, Bloomberg reported that Venezuela’s central bank could soon be holding an undisclosed amount of Bitcoin and Ethereum as part of its international reserves.
According to Bloomberg’s unnamed sources, the country’s national oil company (and primary source of revenue), Petroleos de Venezuela, is exploring ways to send BTC and ETH to the central bank so that the state-owned firm can pay its monetary obligations to international suppliers.
It’s an idea that’s just crazy enough to work.

https://decrypt.co/9697/venezuela-ce...zy-enough-work

[MinnesotaFats]

If Venezuela becomes a bitcoin nation then BTC is dead.

[milwaukee mike]

There will be improvements whether it's a sidechain or something that we haven't thought of yet. Bitcoin is 10 years old, don't give up on it.

i think if there are improvements then it won't be bitcoin, it will be something altogether different

banks/governments would never allow for an alternate currency or means of transfer to have widespread usage (remember when the holding of gold/silver was banned!)

and even if they did the platform has shown that it's unusable even at relatively small transaction levels... v1sa handles 150 million transactions every day quickly, after 10 years bitcoin can't even handle 300,000 transactions without a 1 hour delay to get 6 confirmations... and the more transactions the higher the fees required.

hard to see what the long-term future holds, but over the short-term of the next couple years, at least in the united states it looks like more states will be legalizing gambling, which leads to more offshore sportsbooks closing or not allowing customers (like new jersey) which leads to less of a need for bitcoin.

and way too many instances of hacking, theft, scams, etc (i got creamed in the mt gox debacle)... cryptos are interesting because people can have such wide ranging views on them, god knows i've changed my opinions on bitcoin more than a few times!

[Sam Odom]

$8,147.75

Buying a little <7500

Have no real/legit reason why...

Came close... real close but didnt dip below 7500 YET

[Hman]

I think we're gonna be stuck here a long time.

If we could just get back to $8500 I will sell.

I'm going to stop the bleeding before it gets worse.

[Sam Odom]

H

hang tough is Sammy's advice

[Sam Odom]

$8,391.26

[Hman]

It's trying

[Sam Odom]

It's trying

[MinnesotaFats]

https://www.google.com/amp/s/decrypt.co/9791/jp-morgan-analysts-think-bakkt-is-responsible-for-bitcoins-price-crash%3famp=1

JP Morgan may have identified something here

[Sam Odom]

Fats

Cannot trust Governments

[MinnesotaFats]

Oh I know Sammy....but might one tank it to create their own? Pump it and dump it to fund a new sovereign cryto?

[Sam Odom]

Fats

Not out of the question

[Sam Odom]

$8,226.54


Cubans Are Turning to Bitcoin

https://cointelegraph.com/news/cubans-are-turning-to-bitcoin-to-access-global-economy-report

[milwaukee mike]

sammy how much of your net worth is in bitcoin?

[Sam Odom]

sammy how much of your net worth is in bitcoin?

Minuscule

If it fell to $5.00... 'So What'