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

[DooM_]

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

. . highly unlikely for US dollar, pound or euro . . .

[Mr Anabolic]

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...

Rich and privileged huh?  

If bitcoin is so amazing than why aren't bankers buying all the bitcoins they can get their hands on?  They print the money from nothing anyway.  

That 21 million number is bogus and part of the "story".  It forks and fork again.  Less than 1% of the population own any bitcoin.  Less than 5% know what it is.  Anyone buying at these levels is doing so because they think it's going higher... no other reason.  Pure gambling.  Asians love to gamble.

[Griffith]

1000 people own 40 % of Bitcoin.

[Mr Anabolic]

1000 people own 40 % of Bitcoin.

When a few get something for nothing... the rest will get nothing for something.

[Griffith]

The Bitcoin network can apparently only do 4 transactions per second ?? And take days to complete ?

http://www.news.com.au/finance/money/investing/fees-fomo-and-fine-print-i-bought-300-worth-of-bitcoin-and-immediately-regretted-it/news-story/1f8c284441db52bf609383b362eaa2be

[Zillotch]

If bitcoin is so amazing

I have a super bad feeling that this is our new money, dude. can all of these cryptos be merged together at some point in the future? creating one

[Slapper]

When a few get something for nothing... the rest will get nothing for something.

I give you Wall Street.

[QuietYou]

Might just put a few thousand into crypto to just play with and see where it goes

[Griffith]

I have a super bad feeling that this is our new money, dude. can all of these cryptos be merged together at some point in the future? creating one

Then the government and governments will have complete control and knowledge over every cent we spend over an internationally linked system.

[Zillotch]

Then the government and governments will have complete control and knowledge over every cent we spend over an internationally linked system.

finding out who... or what.. created the blockchain upon which this newly founded digital empire is being built.... is probably kinda important, I would imagine

[Mr Anabolic]

I give you Wall Street.

Totally agree.

[gib]

Rich and privileged huh?  

If bitcoin is so amazing than why aren't bankers buying all the bitcoins they can get their hands on?  They print the money from nothing anyway.  

That 21 million number is bogus and part of the "story".  It forks and fork again.  Less than 1% of the population own any bitcoin.  Less than 5% know what it is.  Anyone buying at these levels is doing so because they think it's going higher... no other reason.  Pure gambling.  Asians love to gamble.

Bankers are not yet buying, for many reasons (including both technical and regulatory restrictions). But a small number are nibbling away. First we will see bankers buy in a personal capacity. Next the hedge funds. And then more broadly. Watch and see.

Oh and $17,600.

[gib]

That 21 million number is bogus and part of the "story".  It forks and fork again.  Less than 1% of the population own any bitcoin.  Less than 5% know what it is.  Anyone buying at these levels is doing so because they think it's going higher... no other reason.  Pure gambling.  Asians love to gamble.

The 21 million is determined by the algorithm. Further in reality it’s probably much less, maybe only 16 million due to the rest having been “lost” by a early miners.

Oh and $17,700.

[polychronopolous]

20k is the next psychological barrier.

I predict bitcoin busts right through it.

[gib]

Rich and privileged huh?  

It forks and fork again.

It could do yes. And anyone who owns a bitcoin will also automatically own any forks and modifications. So for example I own both bitcoin and then an equal number of Bitcoin Cash which was automatically granted to me when that was created - is just like getting shares in company that is spun off.

Oh and $17,800.

[gib]

Rich and privileged huh?  

Less than 1% of the population own any bitcoin.  Less than 5% know what it is.  

I’m guessing less that 1% own gold too. (And remember and one point in human history and evolution 0% of people owned gold).

And as for less than 5% knowing what it is, ask yourself - what will happen as more people find out about bitcoin? A billion Indians. A billion Chinese, etc.

Oh and $17,900.

[ratherbebig]

someone who bought a bitcoin yesterday for 17 400 dollars now one day later it's worth 17 900 dollars

that's an increase of 500 dollars on a 17 400 investment !

incredible !

if you ask someone on the street "lend me 17 400 dollars and i promise you it will be worth 17 900 by tomorrow" would you do it ?

[Zillotch]

20k is the next psychological barrier.

I predict bitcoin busts right through it.

we might as well make it $40 000 +

$20,000... posted preemptively

[gib]

Anyone buying at these levels is doing so because they think it's going higher... no other reason.  Pure gambling.  Asians love to gamble.

Lol about “at these levels”. You are speaking as though bitcoin can be valued. It can’t. However what can be predicted are trends of human behavior.

Yes, of course people would buy something because they think it will go up.

And yes Asians like to gamble. (Asians also like to invest. And Asians are becoming increasingly rich). And historically Asians also liked gold. Hmm, so wait a minute - what does that indicate about where the price of bitcoin will go? ....

You are getting there Mr A.

[gib]

Lol about “at these levels”. You are speaking as though bitcoin can be valued. It can’t. However what can be predicted are trends of human behavior.

Yes, of course people would buy something because they think it will go up.

And yes Asians like to gamble. (Asians also like to invest. And Asians are becoming increasingly rich). And historically Asians also liked gold. Hmm, so wait a minute - what does that indicate about where the price of bitcoin will go? ....

You are getting there Mr A.

Oh and $18,000 !!!

[Zillotch]

Lol about “at these levels”. You are speaking as though bitcoin can be valued.

gib is super correct... people r looking at this thing completely wrong, lol

[FitnessFrenzy]

$ 19,302.10

[Mr Anabolic]

Oh and $18,000 !!!

Yaaaaaaaaaaaaaaaaaay! 


If $1 mil is such a certainty, then why aren't you buy more at this level?   Liquidate everything you have to buy more.

[ratherbebig]

Yaaaaaaaaaaaaaaaaaay! 


If $1 mil is such a certainty, then why aren't you buy more at this level?   Liquidate everything you have to buy more.

that's a good question.

where bitcoin is heading, it would be foolish not to buy at this stage. think about the time when people will say "remember when it was only $18 000? i wished i would've bought more!"

[gib]

Yaaaaaaaaaaaaaaaaaay!  


If $1 mil is such a certainty, then why aren't you buy more at this level?   Liquidate everything you have to buy more.

Not a certainty. (Which is why not everyone is putting everything into it). But a likelihood, which is why some people are and why you are seeing a slow and tentative step from some people into bitcoin and why we will see more in the coming years. New currencies take time to establish credibility.

Oh and $18,100