Bitcoins - about to hit $5,000 per coin today!

[obsidian]

$ 18,180.80

Impressive! It will come down again for sure but this is fucking impressive. Should have bought MOAR BTC!!!

[robcguns]

Impressive! It will come down again for sure but this is fucking impressive. Should have bought MOAR BTC!!!

Will it?

[TheGrinch]

Again... ALL paper profit until you sell...

Takes no genius to ride the tide higher, it takes a genius to know when to sell


ZERO.... ZERO...... ZERO liquidity on the downside...

[Slapper]

Again... ALL paper profit until you sell...

Takes no genius to ride the tide higher, it takes a genius to know when to sell


ZERO.... ZERO...... ZERO liquidity on the downside...

I honestly wish I could read minds but... since, aside from the one-lined bullshit detractors are willing to throw at it, I find it hard, EXTREMELY HARD, to believe that other folks would not be willing to buy your bitshit for $ 11,000 at this point.

It would take a monumental COORDINATED effort (the likes we see in the FIAT currency world) to bring this puppy from 17k to 0. Or 15k. Or 10k. Or 5k. There's not real (coordinated) shorting yet. I sure as hell suspect the powers-that-be are looking for ways to bring this puppy down. Greenspan, the old fuck that laid the subprime loans collapse pillars down tight, came out against bitcoin, so did the JP Morgan CEO, both old farts who can barely attach a file to an email.   

What we should be hearing from the head honchos by now is complete silence. The complete silence that comes with overnight meetings trying to hash this shit out with their technology teams. But we don't. What we hear instead is people who ought to be shutting the fuck up and learning and instead talking smack as though they know what C++ is. They don't.

The critics are starting to sound like Blockbuster directors talking about Netflix.

The sound of their breakfast being taken from under their noses is conveniently kept out because, as usual, the CEOs expect some regulator to come to the rescue.

THEY WONT.

[QuietYou]

I honestly wish I could read minds but... since, aside from the one-lined bullshit detractors are willing to throw at it, I find it hard, EXTREMELY HARD, to believe that other folks would not be willing to buy your bitshit for $ 11,000 at this point.

It would take a monumental COORDINATED effort (the likes we see in the FIAT currency world) to bring this puppy from 17k to 0. Or 15k. Or 10k. Or 5k. There's not real (coordinated) shorting yet. I sure as hell suspect the powers-that-be are looking for ways to bring this puppy down. Greenspan, the old fuck that laid the subprime loans collapse pillars down tight, came out against bitcoin, so did the JP Morgan CEO, both old farts who can barely attach a file to an email.   

What we should be hearing from the head honchos by now is complete silence. The complete silence that comes with overnight meetings trying to hash this shit out with their technology teams. But we don't. What we hear instead is people who ought to be shutting the fuck up and learning and instead talking smack as though they know what C++ is. They don't.

The critics are starting to sound like Blockbuster directors talking about Netflix.

The sound of their breakfast being taken from under their noses is conveniently kept out because, as usual, the CEOs expect some regulator to come to the rescue.

THEY WONT.

Maybe there is a ton of bitcoin stashed away by original owners and many powers that be, that are just waiting to be revealed. This is something to truely think about.

[gib]

Yay!

I'm done wasting time on this thread.  I've got way better things to do than banter back and forth with a narcissistic sociopath.  

I'll come back to this thread after bitcoin crashes to serve up a cold plate of liver with a side order of crow.  

What? Wait...don’t go. Was it those ever increasing numbers I kept posting that finally made you crack? Well you can blame that goddamn parabolic curve of yours for that
 
As for why I post a little behind the actual market price, well for one thing it enables me to post nice smooth continuously upward moving numbers for you. Call it reducing volatility.

As for my wealth, well in terms of the validity of bitcoin as an investment it should actually not really matter whether it’s 100m, 20m or zero (clue - one of these may actually be quite close to the mark). My arguments are equally valid regardless of any wealth I have. If it suits, please assume I am worth zero, but please let’s keep the discussion going. Any legit points not already addressed by this long thread I will be happy to answer.

(I would think/hope that you can deduct from my various posts that I’m legit though but that’s up to you. I am toying with the idea of offering to have a trusted mod do a video call to whom I can then show an actual broadcast of my screen showing stock trading account etc live to verify if I’m legit or not but that’s really all a little far-fetched isn’t it - even for Get Big?)

Again, I’m inclined to agree with most of your views on investing. Indeed I may be even more conservative that you are. Indeed I strongly adhere to my mentor’s rules no.1 (and no.2). You know what I mean right? As I have explained (and please re-read) I am a value investor. This means I buy what can be valued and I buy it below value. BTC is not something that would fall into my typical comfort zone - reason being that it cannot be valued (which is also why I am adverse to gold). My advocating for BTC was due to what I picked as being a societal trend. A collective and social economic movement and transfer of wealth made possible by a range of dynamics (social, political, economic, psychological, and technological) which I foresaw as converging. And I was RIGHT!

I think it’s very admirable that you are warning people about bubbles etc. (I genuinely mean that). So no hard feelings I hope. Please do read my prior posts and just reflect for a bit. (I might actually compile an “executive summary” of “highlights” snippets at some point for easy reading and post that up).

Oh, and... (ok just kidding!!!)

PS - see you at 40K

[SF1900]

BITCOIN IS DOWN!!

15549.94 US Dollar

[Zillotch]

this shit will go crazy.. the tech, it will be the future. think in those terms. will bitcoin be 'the one'? It may be... or something like it... or several like it. the tech - is here to stay.

this is the largest opportunity... that all of u will ever have... to become wealthy. turn yourself into an expert, if becoming wealthy matters to you.

[Zillotch]

this shit will go crazy.. the tech, it will be the future. think in those terms. will bitcoin be 'the one'? It may be... or something like it... or several like it. the tech - is here to stay.

this is the largest opportunity... that all of u will ever have... to become wealthy. turn yourself into an expert, if becoming wealthy matters to you.

know this, as well... the wealth generating transformation, that is about to take place... will coincide with the downfall of man.

[Zillotch]

everyone on this forum, has the ability to amass a fortune. the even meagerly intelligent, will do so.

just keep in mind:

the wealth generating transformation, that is about to take place... will coincide with the downfall of man.

[Wiggs]

You fellas need to be ready for corrections and not pull out based on emotions. Getbiggers don't pull out!

Buy at large dips, research aloins i.e. thorough research i.e. whitepapers. Be weary of ICOs, most are scams sometimes can get lucky like Matt and IOTA.

[Grape Ape]

You have a fever too?

This disease is highly contagious.

It's called greed and ignorance.

I'm not disputing you.

I'm saying if you time it, you can profit immensely.  Real $.

I've done it with stocks worth absolute poop.

I think you and gib are present two sides of a coin pretty well, and it's a good read.

[SOMEPARTS]

this shit will go crazy.. the tech, it will be the future. think in those terms. will bitcoin be 'the one'? It may be... or something like it... or several like it. the tech - is here to stay.

this is the largest opportunity... that all of u will ever have... to become wealthy. turn yourself into an expert, if becoming wealthy matters to you.

No chance Bitcoin ends up being "the one" long term however it is the one right now to profit from. Remember when Time Warner bought AOL? Don't be last in the door or get burnt.

No emerging tech stays the same. The blockchain is going to end up too large to manage and other hybrid methods like the one IOTA uses will replace it. I think it takes 95% of Bitcoin miners to agree to a hard fork/upgrade to its software so next to no chance that it keeps up once the new tech takes hold(last fork attempt failed). The first crypto to mesh as a payment service with Amazon, Paypal, eBay etc is the big winner. A lot of this "money" remains outside of the easily spendable realm. My 2 cents...

[Zillotch]

No emerging tech stays the same. The blockchain is going to end up too large to manage

no, I really don't think so.

I think of block chain as the foundational.. 'whatever', to be built upon, or not. its the beginning. watch for the tech, and there is your goldmine.

like I said... buy walmarts crypto - early

[Wiggs]

As long as fees are as high as they are, this will hold btc back. If I'm correct, the blockchain is the reason there are these fees because of mining.

[SOMEPARTS]

Maybe I should edit that to say inefficient then. Yes the basic premise is lasting but when a variant comes along that is safer, faster, cheaper, takes less power, bandwidth, etc. it will be law of the jungle.

[Zillotch]

Maybe I should edit that to say inefficient then. Yes the basic premise is lasting but when a variant comes along that is safer, faster, cheaper, takes less power, bandwidth, etc. it will be law of the jungle.

things will become more efficient, thats for sure, and fast

[gib]

You fellas need to be ready for corrections and not pull out based on emotions. Getbiggers don't pull out!

Buy at large dips, research aloins i.e. thorough research i.e. whitepapers. Be weary of ICOs, most are scams sometimes can get lucky like Matt and IOTA.

Agreed!

[SF1900]

16327.58 US Dollar

[Zillotch]

also, current tech could do back flips, and completely transform... matters not:

I think of block chain as the foundational.. 'whatever', to be built upon, or not. its the beginning. watch for the tech, and there is your goldmine.

easy money.

[el numero uno]

It's a good thing Bitcoin is decentralized huh?


Hackers steal US$64m from cryptocurrency firm NiceHash

LONDON, Dec 8 — A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about US$64 million (RM261.5 million) worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven oversight and security pose to booming digital currencies.

NiceHash matches people looking to sell processing time on computers in exchange for bitcoin.

There have been at least three dozen heists on exchanges that buy and sell digital currencies since 2011, including one that led to the 2014 collapse of Mt. Gox, once the world’s largest bitcoin market.

More than 980,000 bitcoins have been stolen from exchanges, which would be worth more than US$15 billion at current exchange rates. Few have been recovered, leaving some investors without any compensation.


Read more at http://www.themalaymailonline.com/tech-gadgets/article/hackers-steal-us64m-from-cryptocurrency-firm-nicehash#GE1L1SxqDE6COzSX.99

[Zillotch]

Bitcoin

bitcoin... is sinister.

[SOMEPARTS]

I expect a huge hack on Coinbase in the coming months. Inside job like Mt Gox or not it's coming. There are going to be a lot disgruntled bag holders on the wrong side of a trade here and there and since the rest of crypto is faceless/nameless the exchanges are always going to have a target on their back.

[tres_taco_combo]

its just modern day bank robbers.

used to be hit em off the docks or get the bank on main street has gone cyber.

[SOMEPARTS]

We'll see what happens 12/17/17 when they can start shorting Bitcoin on futures markets. If they treat it like other commodities they hate(like gold and silver) look out. You have a highly inflated asset where the exchange locks up when there is too much volume. Could be a lot of angry losers who can't get out fast enough as they short the hell out of it. Then again could go up as they initially buy in...to then short as mentioned previously, haha.