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

[gib]

I actually think gold is much easier to steal. I can travel around between boarders and countries and access bitcoin with just an access code in my head. Anywhere in the world. Gold, you would need to carry physically - very to be stolen, “taxed”, misappropriated, lost etc - not to mention not practical to carry in large amounts.

Oh, and $17,200...

(I’m thinking about always posting the price of gold concurrently with my bitcoin updates - but I will resist that temptation - lol 😂)

[gib]

GIB STILL KILLIN' IT!!!

lol. Thank you. Here’s the funny thing - I gain or lose way more overall on a typical day of stock market movements, yet I check my stocks usually not more than once a day. Bitcoin I find myself checking 3-5 times a day!

[calfzilla]

Gib, can I buy bitcoin from this machine at the mall?

https://www.coinme.com

[gib]

Not familiar with that particular machine but yes bitcoin ATM machines are popping up all over the place. You can buy and sell btc via these machines in any country. Easy.

[gib]

$17,300

[Mr Anabolic]

computers have a bit more personality these days... and don't strictly operate within the realm of '1's and 0's'... think three, four, or maybe more digits.

Actually, the basic technology still does.

[Mr Anabolic]

GIB STILL KILLIN' IT!!!

If he never cashes in (because they are going to $1 mil) all gains are virtual.   

One day he may cash in 5%.

[Mr Anabolic]

(I’m thinking about always posting the price of gold concurrently with my bitcoin updates - but I will resist that temptation)

The trend will reverse sooner than later.  When silver and gold start their run, it will be very interesting to see how you react to it.  

Those big daily percentage gains in bitcoin are over.  The easy money has already been made.  If you were smart you would take some profits... at least 50%.

[Mr Anabolic]

lol. Thank you. Here’s the funny thing - I gain or lose way more overall on a typical day of stock market movements, yet I check my stocks usually not more than once a day. Bitcoin I find myself checking 3-5 times a day!

Inside the mind of a euphoric bitcoin junkie...

[Zillotch]

Actually, the basic technology still does.

think about it this way.... humans aren't even doing the math anymore.

[FitnessFrenzy]

[DooM_]

the wolf of wall street says now that bitcoin can be shorted it will be classic pump and dump . . . . he says there will be be a rapid surge and then a massive sell-off as they cash in . . .

[Mr Anabolic]

the wolf of wall street says now that bitcoin can be shorted it will be classic pump and dump . . . . he says there will be be a rapid surge and then a massive sell-off as they cash in . . .

Right now the margin requirement for shorting is very high = 50%.  When that comes down, then you'll start to see some action.  Yes, there will eventually be a massive sell-off and the "buy the dip" crowd will not have any money or confidence left to buy.  Sell orders will overwhelm the exchanges and those who are heavily invested will not be able to sell.  After the carnage is over, some former bitcoin millionaires (now broke) will commit suicide.

[QuietYou]

Right now the margin requirement for shorting is very high = 50%.  When that comes down, then you'll start to see some action.  Yes, there will eventually be a massive sell-off and the "buy the dip" crowd will not have any money or confidence left to buy.  Sell orders will overwhelm the exchanges and those who are heavily invested will not be able to sell.  After the carnage is over, some former bitcoin millionaires (now broke) will commit suicide.

Sad reality. Some people get too greedy and it ends up being their downfall. Such is life. The investors that make millions it’s usually not a fluke though. They’re able to use their intellect in other walks of life or another investment that could earn their money back. Instead they have a defeatist attitude like they have missed their only chance in life, and end it all.

[Mr Anabolic]

Sad reality. Some people get too greedy and it ends up being their downfall. Such is life. The investors that make millions it’s usually not a fluke though. They’re able to use their intellect in other walks of life or another investment that could earn their money back. Instead they have a defeatist attitude like they have missed their only chance in life, and end it all.

The most overwhelming human emotions are fear and greed.  Greed drives the price up, and fear drives prices down.  It's quite an interesting phenomenon.  

If people would only sell when the majority is greedy and buy when majority is fearful, there would be a lot more millionaires walking among us.  

[gib]

The trend will reverse sooner than later.  When silver and gold start their run, it will be very interesting to see how you react to it.  

Those big daily percentage gains in bitcoin are over.  The easy money has already been made.  If you were smart you would take some profits... at least 50%.

I will take some profit at some point. But my intention when I bought was more a long term hold and forget type approach. (Same with gold, if I buy). I’ll let you guys know if I do sell any substantial amounts amount.

[gib]

The most overwhelming human emotions are fear and greed.  Greed drives the price up, and fear drives prices down.  It's quite an interesting phenomenon.  

If people would only sell when the majority is greedy and buy when majority is fearful, there would be a lot more millionaires walking among us.  

I agree entirely. Although if more did this then opportunities for value investors like myself would be harder to come by. So I hope this never happens as exploiting this human mentality to do the wrong thing is the key to my success!

[SF1900]

 

17617.51 US Dollar

[gib]

I agree entirely. Although if more did this then opportunities for value investors like myself would be harder to come by. So I hope this never happens as exploiting this human mentality to do the wrong thing is the key to my success!

Oh and $17,400

[gib]

Yes, there will eventually be a massive sell-off and the "buy the dip" crowd will not have any money or confidence left to buy.  Sell orders will overwhelm the exchanges and those who are heavily invested will not be able to sell.  After the carnage is over, some former bitcoin millionaires (now broke) will commit suicide.

Or, price of a bitcoin now will seem an absolute bargain when looking back ten years form now when only the
very very rich and privileged will own anything more than a whole coin (one of only 21 million ever created). There’s potentially an almost unfathomable amount of cash that may move into bitcoins over the coming years. Wait until mainstream investors start buying and the big players on Wall Street start getting in...

[DooM_]

Or, price of a bitcoin now will seem an absolute bargain when looking back ten years form now when only the
very very rich and privileged will own anything more than a whole coin (one of only 21 million ever created). There’s potentially an almost unfathomable amount of cash that may move into bitcoins over the coming years. Wait until mainstream investors start buying and the big players on Wall Street start getting in...

. . . it could . . or it could completely collapse into nothing . .

[gib]

. . . it could . . or it could completely collapse into nothing . .

Yes. As could any store of wealth. Including the USD and gold.

[gib]

Meanwhile... $17,500.

[obsidian]

I see Ethereum surpassing Bitcoin eventually.

Coinbase OG Olaf Carlson-Wee: Ethereum Will Surpass Bitcoin in 2018
https://www.bitsonline.com/olaf-carlson-wee-eth-tops-btc/

[FitnessFrenzy]

$ 18,121.90