Jan 1st , 2017
973
Cant seem to break 1000
973
Cant seem to break 1000
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Sammy I think we see 900 before we see 1050Comment -
agree
may not break 1K... could very well see 600s againComment -
Sold some this morning
this climb is like... wowComment -
sold 4 yesterday @ 1000
held on to 8 coinsComment -
Jake... you made a nice profit
cannot (shouldn't) worry about what may happen after you soldComment -
Incredible. How high can it go?Comment -
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.Last edited by Snowball; 01-02-17, 01:01 PM.Comment -
Closes 1500 end of yearComment -
Welcome to the end of the dollarComment -
I really have no idea man...I usually throw my predictions based off of some data.
You think it's going to hit $1400...but why would it stop at this number? More expensive, than Gold, but not as expensive as Plutonium?
I personally don't have any investments in this currency. But I do like to watch and follow the price movement from the sidelines.Comment -
The mining pressure has eased considerably since about midway through 2016. More BTC is tied up in commerce than ever before. Still, violent down moves are just par for the course. So with that in mind I would predict a 2017 range of Low 695 and a high of 1190 and a 2017 close of 900.Comment -
Will you ever run out of theories why the end of bitcoin is near?
Threads going back 4 years predicting doom tomorrow for one reason or another
And that's just some threads you have started about it yourself, let alone comments in others!.Comment -
How about some real discussion now.
What drives the Bitcoin price? Is it just supply and demand? "Currency" manipulation? Speculators? Charts and algorithms? Miners?
It's listed on multiple exchanges, can we take advantage?
Clearly, bitcoin exists because the US Dept. Treasury and the US DOJ let it exist. The world banking system give people bitcoin, we should wonder why.
Also, while anonymity is always heralded from transaction to transaction, it remains a fact that you can not use a bitcoin wallet without tying into the Fed and ACH system...as shown by the need for a bank account allowing ACHouse payouts.
This last fact may be avoided, with certain cards, I think. Even then, those cards ask for id verification, including a social security number.
Sounds a lot like conventional banking to me.
I know there are sticky threads on bitcoin, but I often see these topics overlooked, or completely ignored.
"The chickpea is neither a chick or a pea...discuss."
Comment -
How about some real discussion now.
What drives the Bitcoin price? Is it just supply and demand? "Currency" manipulation? Speculators? Charts and algorithms? Miners?
It's listed on multiple exchanges, can we take advantage?
Clearly, bitcoin exists because the US Dept. Treasury and the US DOJ let it exist. The world banking system give people bitcoin, we should wonder why.
Also, while anonymity is always heralded from transaction to transaction, it remains a fact that you can not use a bitcoin wallet without tying into the Fed and ACH system...as shown by the need for a bank account allowing ACHouse payouts.
This last fact may be avoided, with certain cards, I think. Even then, those cards ask for id verification, including a social security number.
Sounds a lot like conventional banking to me.
I know there are sticky threads on bitcoin, but I often see these topics overlooked, or completely ignored.
"The chickpea is neither a chick or a pea...discuss."
That is only if using the two main US licensed exchangers, Coinbase.com and Gemini.com. I don't think anywhere else actually offers ACH.
The only reason I would choose one of them as an American bettor is due to convenience personally.
If you are moving significant amounts I would choose an offshore trading exchange.
US authorities can't use blanket john doe requests outside the US, there is a built in excuse that you are actually trading bitcoin if using a proper exchnage and foreign based exchanges have no interest in the gambling issue.
Independantreserve.com is an Australian regulated one that is safe, would be way under the radar in the US, charges a flat $20 fee for wire withdrawals to US bank accounts.
Add to that, sell prices are generally higher than Coinbase give you.
They still want lots of ID btw. Any legit licensed outfit will.
The alternative is person to person tranascations on localbitcoins.com, paxful.com or wallofcoins.com if trying to stay anonymous is vital to you..Comment -
KVB
BTC has found a home on the international front. If you wire money from say Dubai to Royal Bank of Scotland for a container of Marble slabs you will face questions from banks on both ends, extremely high wire fees(unlike the US) and a currency conversion fee of 4%. It will take a couple of days as well.
With BTC in less than 20 minutes I can send you full payment with zero questions, almost zero transaction costs and no conversion fees.
There is a viable commercial use.
Prior to this year BTC miners were selling 2000 BTC a day into the market. That is down to 200 a day now as we get closer to the 21 million number when there will be no more.
So two fold answer; there are far fewer BTC being mined. BTC are ending up in commercial accounts such as sportsbooks and exporter as well as being horded by speculators. I would expect all of those trends to continue. But this currency traded lower and lower for about two years and it could lose a lot of ground quickly so be careful.Comment -
1086 (bitpay)
too late to buy and hold ?Comment -
Price of bit coin going up does not bode well for people who just use it as a medium of exchange,it just brings more scrutiny, your 20 bitcoins went up by 200 bucks,what is that in the grand scheme of things,we are not true speculators or using it as wealth preservation .Comment -
So I got my first Bitcoin from cashing in btp. Since the payout yesterday it's gone up about 7%. I've never looked into btc before. What does drive price fluctuations? There can't actually be limited supply right? They are just electronic bits. Serious question - trying to figure out if I should play with btc a bit or use money elsewhere.Comment -
newguy... if you want to gamble gamble
wager at btc only books like Nitro
otherwise... send btc to a cash book like HeritageComment -
people just had to buy bitcoins and not gamble and win a fortune the last yearComment -
BTC are indeed finite. There are only 21 million possible of which 17 million have already been mined.
The current rally is being supported by countries like China and India that try in vain to keep their currency from leaving the country. Costa Rica, for example, imposes a 15% tax on bank wires sent outside of CR. So along comes BTC and there are no fees, no tax and they can be delivered in minutes instead of 2 business days. And delivered without any fees(except a tiny support fee).
Will the rally that started around $400 continue? Yes of course. Most of the world has yet to of even heard of BTC. But, gravity will grab BTC and bring it down. The majority of BTC remains in the hands of speculators as opposed to commercial holders. I would expect we will see a price low of under $700 in 2017, with a chance at seeing $550 ish. But we could see $1200 in the next few weeks if the momentum holds up.Comment -
[QUOTE=Snowball;26672096]it will form a blowoff top then collapse totally
because Trump hates it.
QUOTE]
https://www.cryptocoinsnews.com/dona...n-peter-thiel/Donald J. Trump Appoints Bitcoin Investor Peter Thiel to Presidential Transition Team
https://www.cryptocoinsnews.com/bitp...r-thiel-trump/Thiel’s Founder’s Fund led a capital raise of $2 million into BitPay in 2013.Last edited by raiders72001; 01-04-17, 12:49 PM.Comment -
In blast off mode as we speak. Up 10% today. Who knows how high it goes?? I sure don't.Comment
