Bitcoin Price Tracking & Discussion -- 2020

[Optional]

If using Chrome, press F12 on the page and then select the Console Tab, and see if you can see anything like an error in the text there? Probably in red if there is one.

[jjgold]

Forget that coin it’s useless

[Ian]

Happy April 1st from coinmarketcap

[Hman]

If using Chrome, press F12 on the page and then select the Console Tab, and see if you can see anything like an error in the text there? Probably in red if there is one.

In the 'To' tab where you paste or type in the address you want to send to, where it also says 'Requured', it will not allow me to paste ANYTHING in there, and I've tried for 2 days on mobile and PC.

I've also typed in the correct address several times and it won't take.

Is it possible they have limited me since I usually send straight to Coinbase immediately after receiving??

[MeanPeopleSuck]

No error, but it won't even allow me to copy and paste the address.

So I entered it manually and still won't work

Has that problem resolved itself? If not, I'm sure you've checked these things but after clicking "Send" in the box that comes up you've got currency set to Bitcoin and a wallet chosen with BTC in it? Then for the address if right clicking and Pasting isn't working, try CNTRL-V to paste.

Is the address box allowing you to type anything at all into it? If it is, might you accidentally be typing another type of crypto address, ETH or BTC Cash or something? If you can't type anything into the box, are you able to type in the other blanks on the form, the amount / description, etc.?

If it's still not working you can send a screen shot and we can take a look, but it'd probably be easier just to regenerate the wallet. To do that, click "Security Center" and "Backup Again," and write down your 12 word seed.

Then go here: https://login.blockchain.com/#/recover You'll be asked to type in the seed, choose a new email and enter your current password. Your wallet will then regenerate with your BTC still in it and your transaction history completely intact.

Good luck, my friend!

[MeanPeopleSuck]

In the 'To' tab where you paste or type in the address you want to send to, where it also says 'Requured', it will not allow me to paste ANYTHING in there, and I've tried for 2 days on mobile and PC.

I've also typed in the correct address several times and it won't take.

Is it possible they have limited me since I usually send straight to Coinbase immediately after receiving??

Nah, they don't care where you send your BTC. When you manually type the address into the "To" box -- a royal pain, I know -- what do you mean by "it won't take"? When you click the cursor outside that box when you're finished typing the address does it vanish or say invalid or what?

[Hman]

Nah, they don't care where you send your BTC. When you manually type the address into the "To" box -- a royal pain, I know -- what do you mean by "it won't take"? When you click the cursor outside that box when you're finished typing the address does it vanish or say invalid or what?

It says invalid address if i type in manually.....and it's not I have made sure trust me

[MeanPeopleSuck]

It says invalid address if i type in manually.....and it's not I have made sure trust me

Paste the address here. I'll take a look.

[Hman]

Paste the address here. I'll take a look.

Maybe not a good idea???

I do this almost monthly every time i get a payout to Blockchain, not sure why all of a sudden

[MeanPeopleSuck]

Maybe not a good idea???

I do this almost monthly every time i get a payout to Blockchain, not sure why all of a sudden

Well, there's nothing wrong with sharing a public address. The only thing anyone could do with it would be to send your Coinbase account some free BTC which I doubt you'd mind, but no prob at all.

I think the best thing to try is regenerating your wallet (see my step by step instructions a few posts above this one.)

[StackinGreen]

Mean, apart from self reporting, is there any real way that the juice is worth the squeeze for the IRS when it comes down to tracking people for a small number of coins in terms of "capital gains"? I'm talking a few years out here when BTC is worth quite a bit per coin. I don't see how this could be an effective use of their time unless a state actor or really nefarious entity is under investigation or observation, given how hard it is to trace coins in the public ledger with public keys changing all the time, portions of coins being sent, etc.

[Arky]

Mean, apart from self reporting, is there any real way that the juice is worth the squeeze for the IRS when it comes down to tracking people for a small number of coins in terms of "capital gains"? I'm talking a few years out here when BTC is worth quite a bit per coin. I don't see how this could be an effective use of their time unless a state actor or really nefarious entity is under investigation or observation, given how hard it is to trace coins in the public ledger with public keys changing all the time, portions of coins being sent, etc.

I can almost guarantee they (IRS) have someone working on tracking software - press a button, see all activity. "White hat" hackers like Chain Analysis (sellouts!) have been helping them. Who knows when it will all be fully implemented? I'm guessing they don't have everything sorted just yet.....

The IRS rules are so tough on crypto.... If you are a Joe Small Potatoes and just use a little crypto for gambling, you shouldn't have to worry about anything - but that's not the way it works... Pay your tax on gambling income and be done with it - that's the way it should work.... I'm a hodler of crypto and don't see how crypto traders keep up with the bookkeeping headache....

Get a 1099 and you will have to do something about that. Small potatoes? Maybe not so much....

[MeanPeopleSuck]

Mean, apart from self reporting, is there any real way that the juice is worth the squeeze for the IRS when it comes down to tracking people for a small number of coins in terms of "capital gains"? I'm talking a few years out here when BTC is worth quite a bit per coin. I don't see how this could be an effective use of their time unless a state actor or really nefarious entity is under investigation or observation, given how hard it is to trace coins in the public ledger with public keys changing all the time, portions of coins being sent, etc.

Arky's answer is excellent. The peace of mind you gain is prob worth the few bucks you pay.

Ironically, the opposite's true for me. When I first got involved in crypto I sort of got sucked into the whole experience. I mean, a movement founded by an anonymous anarchist genius trying to break up the central banks while democratizing money itself? Whoa. Back then it was tempting to think we might be doing Something Great.

Today I realize that was mostly just the weed.

[MeanPeopleSuck]

As I type this BTC's just spiked about $600 to about $7100. Fingers crossed.

[Yulia74]

As I type this BTC's just spiked about $600 to about $7100. Fingers crossed.

swing failure pattern

[StackinGreen]

Arky and Mean, what if you wanted to invest 10k plus into it though?

Also, I see McAfee talks about Monero a lot. But he switches into "DAI" as a hold after he is paid. What's up with this / these methods?

[asiagambler]

DAI is just a stablecoin

Basically like Tether

[Arky]

Arky and Mean, what if you wanted to invest 10k plus into it though?

Also, I see McAfee talks about Monero a lot. But he switches into "DAI" as a hold after he is paid. What's up with this / these methods?

I say go for it. The adage, "don't invest more than you can afford to lose" should apply, though. And have patience - forget your investment and give it a couple or 3 years to do something. "Dude, I got into a bind and had to use it" is not investing. What we're seeing right now is a black swan event - something out of left field. It may hinder crypto short term but I'm betting that the top cryptos will eventually continue into a strong bull market run.... I (and others) see this virus thing as just a distraction to hide what is going to happen and been in the works for a long time to the financial system. Things may get really bad..... Like global depression bad. Keep an eye on what is happening in other countries..... the USA should be one of the last to go under.....

I have more faith in crypto than I do in the dollar. I turned a large part of my 401k into crypto - bought every major dip from Dec '17 and then some. I am considering going all in because the outlook for stocks, bonds and the dollar is not very good. There's talk of pensions and 401K's just vanishing ...

Precious metals are selling at a premium right now even though the spot price is lowish....

I love Monero and have a pretty good chunk. True crypto. Sounds like McAfee is just doing a little swing trading. When Monero goes up, he sells and gets into a stablecoin. When Monero goes down, he buys more. Rinse, repeat, all the while increasing your stash....

MeanPeopleSuck: Yes, I got in for the profits, staying for the revolution....

[StackinGreen]

I agree with your analysis, Arky

What is your response to governments also wanting a digital currency for themselves and when that happens, trying to shut down bitcoin/its exchanges?

[Arky]

I think the "Fedcoin" will be a digital currency but it won't be crypto. It'll be totally trackable, centralized and probably very un-private - the government inching ever closer to over-surveillance in the name of "protection". Gotta get those terrorists, ya know?

If Bitcoin and other cryptos get banned or harmed by taxation, regulation, more than they already are, then everyone should be alarmed. I would hope for protests and riots. It won't die but it may be tougher to acquire and use.

I think part of the idea behind Bitcoin was to give free thinking people an alternative system of money. Nobody invited the IRS, they invited themselves. They can't stand the competition (to the dollar).

[Sam Odom]

$6,735.26

[StackinGreen]

I think the "Fedcoin" will be a digital currency but it won't be crypto. It'll be totally trackable, centralized and probably very un-private - the government inching ever closer to over-surveillance in the name of "protection". Gotta get those terrorists, ya know?
If Bitcoin and other cryptos get banned or harmed by taxation, regulation, more than they already are, then everyone should be alarmed. I would hope for protests and riots. It won't die but it may be tougher to acquire and use.

I think part of the idea behind Bitcoin was to give free thinking people an alternative system of money. Nobody invited the IRS, they invited themselves. They can't stand the competition (to the dollar).

Of course, but you are somewhat avoiding the question --- everyone should be alarmed about the draconian and willy nilly measures of the governments around the US with this coronavirus overreaction, shutting down 80% of the economy --- but less than 50% of us are talking about it, let alone doing anything.

I agree, Libra is the type of thing that will be designed as the next world reserve = basket of currencies, digital, and trackable. No doubt.

[asiagambler]

I say go for it. The adage, "don't invest more than you can afford to lose" should apply, though. And have patience - forget your investment and give it a couple or 3 years to do something. "Dude, I got into a bind and had to use it" is not investing. What we're seeing right now is a black swan event - something out of left field. It may hinder crypto short term but I'm betting that the top cryptos will eventually continue into a strong bull market run.... I (and others) see this virus thing as just a distraction to hide what is going to happen and been in the works for a long time to the financial system. Things may get really bad..... Like global depression bad. Keep an eye on what is happening in other countries..... the USA should be one of the last to go under.....

I have more faith in crypto than I do in the dollar. I turned a large part of my 401k into crypto - bought every major dip from Dec '17 and then some. I am considering going all in because the outlook for stocks, bonds and the dollar is not very good. There's talk of pensions and 401K's just vanishing ...

Precious metals are selling at a premium right now even though the spot price is lowish....

I love Monero and have a pretty good chunk. True crypto. Sounds like McAfee is just doing a little swing trading. When Monero goes up, he sells and gets into a stablecoin. When Monero goes down, he buys more. Rinse, repeat, all the while increasing your stash....

MeanPeopleSuck: Yes, I got in for the profits, staying for the revolution....

Seems you have it backwards. Most people got in for the revolution and now staying for the profits

[Arky]

Of course, but you are somewhat avoiding the question --- everyone should be alarmed about the draconian and willy nilly measures of the governments around the US with this coronavirus overreaction, shutting down 80% of the economy --- but less than 50% of us are talking about it, let alone doing anything.

I agree, Libra is the type of thing that will be designed as the next world reserve = basket of currencies, digital, and trackable. No doubt.

Well, there's Libra (corporate coin) and "Fed coin" (government coin). We'll probably get both. The government seems not too pleased with Libra - I think they're mad they didn't think of it first (or were slower to implement). Those recent Senate hearings with Facebook were enlightening - when the senators were not dressing down Facebook for profiting from user data, they were showing they needed educating about what crypto currencies and digital currencies are. I watched several hours of the hearings on Youtube.

Wait till the domestic violence, suicides and cabin fever kick into high gear here in the states. Might look like something in Wuhan, China:

https://www.youtube.com/watch?v=43Hot5n2Evg

Asia: Yep.

[pimike]

$6,735.26

Will it hit 8,000 or 5,000 first?

[trytrytry]

some activity in markets today and also bitcoins esp ALTs

[asiagambler]

Will it hit 8,000 or 5,000 first?

8k.

[StackinGreen]

The real breakout is going to be in 2021-22.

I see it going to 5k before 9k

[pimike]

8k.

In the 7’s but expect a huge drop coming

[StackinGreen]

In the 7’s but expect a huge drop coming

I agree, even if this bear market rally continues do you really see it continuing at this pace? We've only had 1 day in the red since 3/25, that's very uncommon given the volatility.

[asiagambler]

The real breakout is going to be in 2021-22.

I see it going to 5k before 9k

Will happen way sooner than that

ATH this year

[Optional]

The real breakout is going to be in 2021-22.

I see it going to 5k before 9k

I hope that's about right.

After years and years of never holding any for a minute longer than I had to, I set up an auto weekly transfer from bank and auto buy at the exchange a couple of weeks back. So hoping it stays low until at least end of this year whilst I build up a holding personally.

[Sam Odom]

$7,351.97

[StackinGreen]

I hope that's about right.

After years and years of never holding any for a minute longer than I had to, I set up an auto weekly transfer from bank and auto buy at the exchange a couple of weeks back. So hoping it stays low until at least end of this year whilst I build up a holding personally.

This is exactly what I'm going to do. The key is to stay with it and pile in when this bear market really ceases, which will be sooner than later. I still foresee us snapping up BTC around 5k, possibly even lower, this year. I do think the S&P goes to 1500-1600 still, which is a huge drop from current levels, and we are little while out from major confidence loss in the US, but it is coming.

[Wrongside]

8k.

I think it hits 5k first.