1. #1
    Sam Odom
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    Bitcoin Price Tracking & Discussion -- 2017

    Jan 1st , 2017

    973

    Cant seem to break 1000

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  2. #2
    Russian Rocket
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    Sammy I think we see 900 before we see 1050

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  3. #3
    Sam Odom
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    agree

    may not break 1K... could very well see 600s again

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  4. #4
    Russian Rocket
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    Quote Originally Posted by Sam Odom View Post
    ... could very well see 600s again
    Something major needs to happen for it to drop that low

    I think a healthy retreat to high- mid 800's and then a spike over 1100 is more likely

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  5. #5
    Sam Odom
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    Sold some this morning

    this climb is like... wow

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  6. #6
    JAKEPEAVY21
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    sold 4 yesterday @ 1000

    held on to 8 coins

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  7. #7
    Sam Odom
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    Jake... you made a nice profit

    cannot (shouldn't) worry about what may happen after you sold

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  8. #8
    Sam Odom
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    Quote Originally Posted by Sam Odom View Post

    Jan 1st , 2017

    973

    Cant seem to break 1000

    all time high = 1210 +/-

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  9. #9
    JAKEPEAVY21
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    Quote Originally Posted by Sam Odom View Post
    Jake... you made a nice profit

    cannot (shouldn't) worry about what may happen after you sold
    I know, I was already freerolling but wanted to bag some more profit

    I think it will go up quite a bit more this year based on some projections that I read the past few days

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  10. #10
    TheMoneyShot
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    Incredible. How high can it go?

  11. #11
    Snowball
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    Quote Originally Posted by TheMoneyShot View Post
    Incredible. How high can it go?
    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 at 12:01 PM.

  12. #12
    jjgold
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    Closes 1500 end of year

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  13. #13
    Russian Rocket
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    Quote Originally Posted by TheMoneyShot View Post
    Incredible. How high can it go?
    looks like the sky is the limit

    it's crazy!

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  14. #14
    Otters27
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    Welcome to the end of the dollar
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  15. #15
    Snowball
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    Quote Originally Posted by Russian Rocket View Post
    looks like the sky is the limit

    it's crazy!
    Trump and Putin can kill bitcoin anytime they want.
    China will also stop inflating.

  16. #16
    Russian Rocket
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    Quote Originally Posted by Snowball View Post
    Trump and Putin can kill bitcoin anytime they want.
    China will also stop inflating.
    Snowballer let's stay optimistic in 2017 pal!

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  17. #17
    JAKEPEAVY21
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    Quote Originally Posted by Russian Rocket View Post
    Snowballer let's stay optimistic in 2017 pal!
    what is your prediction for 2017?

    I'm going to say $1400 MINIMUM

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  18. #18
    Russian Rocket
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    Quote Originally Posted by JAKEPEAVY21 View Post
    what is your prediction for 2017?

    I'm going to say $1400 MINIMUM
    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.

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  19. #19
    RoyBacon
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    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.

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  20. #20
    Optional
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    Quote Originally Posted by Snowball View Post

    Trump and Putin can kill bitcoin anytime they want.
    China will also stop inflating.
    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


    http://www.sportsbookreview.com/foru...-out-lose.html
    http://www.sportsbookreview.com/foru...al-silver.html
    http://www.sportsbookreview.com/foru...-bitcoins.html


    And that's just some threads you have started about it yourself, let alone comments in others!
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  21. #21
    KVB
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    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."


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  22. #22
    Optional
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    Quote Originally Posted by KVB View Post
    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.
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  23. #23
    RoyBacon
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    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.
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  24. #24
    Sam Odom
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    1086 (bitpay)

    too late to buy and hold ?

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  25. #25
    triplecrown333
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    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 .

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  26. #26
    newguy
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    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.
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  27. #27
    Sam Odom
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    newguy... if you want to gamble gamble

    wager at btc only books like Nitro

    otherwise... send btc to a cash book like Heritage

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  28. #28
    jjgold
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    people just had to buy bitcoins and not gamble and win a fortune the last year

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  29. #29
    Sam Odom
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    Quote Originally Posted by Sam Odom View Post

    all time high = 1210 +/-

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  30. #30
    RoyBacon
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    Quote Originally Posted by newguy View Post
    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.
    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.

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  31. #31
    JAKEPEAVY21
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    Quote Originally Posted by Sam Odom View Post
    it might hit a new all time high next week the way things are going

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  32. #32
    raiders72001
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    [QUOTE=Snowball;26672096]it will form a blowoff top then collapse totally

    because Trump hates it.



    QUOTE]

    Donald J. Trump Appoints Bitcoin Investor Peter Thiel to Presidential Transition Team
    https://www.cryptocoinsnews.com/dona...n-peter-thiel/







    Thielís Founderís Fund led a capital raise of $2 million into BitPay in 2013.
    https://www.cryptocoinsnews.com/bitp...r-thiel-trump/
    Last edited by raiders72001; 01-04-17 at 11:49 AM.

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  33. #33
    RoyBacon
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    In blast off mode as we speak. Up 10% today. Who knows how high it goes?? I sure don't.

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  34. #34
    Memento
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    Quote Originally Posted by Optional View Post
    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.
    Snapcard.io also allows ach...3 day wait like gemini
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  35. #35
    Optional
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    Quote Originally Posted by Memento View Post

    Snapcard.io also allows ach...3 day wait like gemini
    Thanks Memento.

    Will add that one to the list to look at when people ask for ACH.

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