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

[Mayday]

Answers below:

1. The Korean Government is trying to regulate exchanges for sure (just like stock exchanges are regulated). As for regulating crypto itself, most countries already have regulations and law, which govern contracts, which is essentially all crypto really is. But bear in mind also, that every country is aware that regulation could also stifle innovation. So Korea has a real dilemma - does it allow crypto the crypto ecosystem to thrive and become a world leader, or does it risk innovation moving elsewhere.

2. The anonymity that made BTC famous of course continues to exist. Just like gold, or cash for that matter, if you exchange direct, anonymity can be preserved - indeed is even more so with bitcoin as you don't need to meet directly - the exchange is done in cyberspace. But if you trade via an exchange that follows KYC regulations (eg like the US regulated crypto exchanges) then yes, just like stock or gold traded over an exchange, there are records kept of buyer and sellers identities.

3. "You say things like it cant be stopped but you already sold out.  How can one be so strong minded but their actions show the opposite?" - Simply because something cannot be stopped does not make it inherently of good value. I took the view that prices had risen so fast, that it was a good time to lock in a gain. So basically as a new currency, we will have a continued upward cycle, but with very significant periods of volatility on the way up - so sell after big spikes, and buy on big dips.

Thanks. It's rare when you type proper detail. i understand you mostly post to gee the others up so your words can be somewhat inflammatory lol. i do give your response some thought, especually regulatory impact vs black money and does it actually matter long term.

1. So are you saying regulation has already happened in Korea, US, Japan? They make up 85% of the market so really it all hinges on if you say they are already regulated. They say no.

2. Does this become less important as more people with clean money enter the market? I imagine so, what do yiu think?

3. As an absolute believer that bitcoin is 'the one'  to become the new global currency, what are your thoughts on the forks?  What do you think of competing cryptocurrencies that makes you feel none of them could do the job but bitcoin can?  

First to market is on BTC's side but that doesnt mean much to the Finance sector. Or do you feel 'the people' will determine it is Bitcoin 'the chosen one' forcing all global financial systems to adopt against their will? In other words do you feel the people have more power to determine the outcome than banks.

[gib]

Thanks. It's rare when you type proper detail. i understand you mostly post to gee the others up so your words can be somewhat inflammatory lol. i do give your response some thought, especually regulatory impact vs black money and does it actually matter long term.

1. So are you saying regulation has already happened in Korea, US, Japan? They make up 85% of the market so really it all hinges on if you say they are already regulated. They say no.

2. Does this become less important as more people with clean money enter the market? I imagine so, what do yiu think?

3. As an absolute believer that bitcoin is 'the one'  to become the new global currency, what are your thoughts on the forks?  What do you think of competing cryptocurrencies that makes you feel none of them could do the job but bitcoin can?  

First to market is on BTC's side but that doesnt mean much to the Finance sector. Or do you feel 'the people' will determine it is Bitcoin 'the chosen one' forcing all global financial systems to adopt against their will? In other words do you feel the people have more power to determine the outcome than banks.

Regulation of crypto currency exchanges has happened in US and Korea already. And in China the "regulation" for now, of exchanges, consists of an outright ban. And regulation will happen in many more countries over the next few years. Query whether that is a negative thing, or a positive thing long term, in term of legitimizing BTC. Japan on the other hand is taking a relatively hands off approach, which in turn is why so much trading now flows through Japan.

As a decentralised system, BTC cannot be killed. Lke capital, it will flow to where it is appreciated globally. So a country can choose to be part of that technological innovation or on the other side of the table. In Europe we will soon see France and Germany regulate - this is going to be very interesting, and I think potentially very positive (though viewed as negative in the short term - so maybe a great buying opportunity on an irrational "panic dip".

Will answer the rest in a little later. Very late here - need to zzzzzzzzzzzzzzzzzzzzzzzz zz

[Zero2Hero]

why would anyone give a fuk who u r, tard?

Some obviously are already obsessed with guessing, c.unt

[Zillotch]

Some obviously are already obsessed with guessing, c.unt

ok 'hero'... lets say that someone actually does give a fuk about u (they dont, really)... why would u care?

[Zillotch]

if someone wanted to obliterate blockchain... how could it be done?

it cant be... that should bother people, lol

[JAGO]

Bitcoin, along with its cryptocurrency companions, has dropped massively in the past two days.
For those holding on to their coins for dear life, it's been a loss of roughly 34%. For the Winklevoss twins, who hold an estimated 120,000 bitcoins, that comes to a loss of about $600 million.
The twins, who famously sued Facebook founder Mark Zuckerberg, bought their original bitcoins with part of the $65 million settlement from the case. The coins were worth less than $10 a piece back then.

Now, Bitcoin is trading below $10,000 for the first time since November. The currency has seen a colossal drop after fears of a South Korean crackdown spooked investors on Thursday. The country is reportedly working on a bill that would shut down exchanges in the country.
Russian President Vladimir Putin has also hinted that a crackdown in Russia is on the horizon. The president was reported saying that tighter regulations would be "definitely required" soon.
The Winklevoss bitcoin fortune seemed to top out around $1.3 billion in mid-December. With this week's losses, it would sit closer to $700 million. To be sure, the Winklevoss twins have not publically disclosed the exact number of bitcoins they hold, and the twins could have sold a number of coins to realize their gains. And of course the bulk of their wealth was created by the rapid rise of bitcoin prices.
Besides holding the digital assets, the Winklevoss twins founded their own bitcoin exchange called Gemini. The exchange worked with Cboe to launch its bitcoin futures contracts in December. The exchange has been plagued by regular outages before and after the launch of the contracts.
Other cryptos were not exempt from what pundits have been calling a bloodbath. Most of the major cryptocurrencies are down by double digits this week.

Track the price of all the major cryptos here.

[obsidian]

Bitcoin, along with its cryptocurrency companions, has dropped massively in the past two days.
For those holding on to their coins for dear life, it's been a loss of roughly 34%. For the Winklevoss twins, who hold an estimated 120,000 bitcoins, that comes to a loss of about $600 million.
The twins, who famously sued Facebook founder Mark Zuckerberg, bought their original bitcoins with part of the $65 million settlement from the case. The coins were worth less than $10 a piece back then.

Now, Bitcoin is trading below $10,000 for the first time since November. The currency has seen a colossal drop after fears of a South Korean crackdown spooked investors on Thursday. The country is reportedly working on a bill that would shut down exchanges in the country.
Russian President Vladimir Putin has also hinted that a crackdown in Russia is on the horizon. The president was reported saying that tighter regulations would be "definitely required" soon.
The Winklevoss bitcoin fortune seemed to top out around $1.3 billion in mid-December. With this week's losses, it would sit closer to $700 million. To be sure, the Winklevoss twins have not publically disclosed the exact number of bitcoins they hold, and the twins could have sold a number of coins to realize their gains. And of course the bulk of their wealth was created by the rapid rise of bitcoin prices.
Besides holding the digital assets, the Winklevoss twins founded their own bitcoin exchange called Gemini. The exchange worked with Cboe to launch its bitcoin futures contracts in December. The exchange has been plagued by regular outages before and after the launch of the contracts.
Other cryptos were not exempt from what pundits have been calling a bloodbath. Most of the major cryptocurrencies are down by double digits this week.

Track the price of all the major cryptos here.

https://bitcoinist.com/impossible-close-exchanges-say-south-korean-regulators/

Contrary to multiple fearmongering reports on mainstream news sites, including Reuters, Bloomberg, and CNBC, South Korea will not close crypto exchanges. In fact, according to the chairman of the South Korean Fair Trade Commission, Kim Sang-jo, closing exchanges is “impossible in reality.” It was reported earlier today that he said this in a CBS radio interview.

Bitcoin is still over 11k that article of yours is inaccurate.

Regarding Russia:

https://www.financemagnates.com/cryptocurrency/news/draft-russian-crypto-bill-legalize-trading-approved-exchanges/

[Zero2Hero]

People talking about bans just doesn't know what are they talking about.

And.. BTC is still above 11k. Can someone remind me how exactly it has "failed"?

3k merely year ago seemed like a miracle, and it is four times that currently.

[gib]

People talking about bans just doesn't know what are they talking about.

And.. BTC is still above 11k. Can someone remind me how exactly it has "failed"?

3k merely year ago seemed like a miracle, and it is four times that currently.

Exactly. Yet Mr A thinks it’s all an illusion

[Zillotch]

some people deserve whats coming... they really do.

[Twaddle]

The below excerpt is a complete contradiction to Mr. Gibs prediction of 40K by the end of 2018.   

https://cointelegraph.com/news/bitcoin-to-drop-as-low-as-1000-this-year-wall-street-cio-predicts

Bitcoin To Drop As Low As $1000 This Year, Wall Street CIO Predicts

Peter Boockvar, the Chief Investment Officer at Bleakley Advisory Group, sees the potential for Bitcoin (BTC) to be around for a long time, but with a significant price drop coming when the Bitcoin bubble bursts, according to CNBC.

Boockvar sees a possible 70 to 90 percent price drop for Bitcoin this year, saying:

“Over the next year I wouldn’t be surprised if it’s [BTC] down to $1,000 to $3,000.”

When asked if the stock market would crash in the event of a significant fall in Bitcoin’s price, Boockvar said that any corresponding drop would just be psychological, because Bitcoin is “not something that really is that relevant in a 19 trillion dollar economy.”

[robcguns]

The below excerpt is a complete contradiction to Mr. Gibs prediction of 40K by the end of 2018.   

https://cointelegraph.com/news/bitcoin-to-drop-as-low-as-1000-this-year-wall-street-cio-predicts

Bitcoin To Drop As Low As $1000 This Year, Wall Street CIO Predicts

Peter Boockvar, the Chief Investment Officer at Bleakley Advisory Group, sees the potential for Bitcoin (BTC) to be around for a long time, but with a significant price drop coming when the Bitcoin bubble bursts, according to CNBC.

Boockvar sees a possible 70 to 90 percent price drop for Bitcoin this year, saying:

“Over the next year I wouldn’t be surprised if it’s [BTC] down to $1,000 to $3,000.”

When asked if the stock market would crash in the event of a significant fall in Bitcoin’s price, Boockvar said that any corresponding drop would just be psychological, because Bitcoin is “not something that really is that relevant in a 19 trillion dollar economy.”

There is also many people in the financial area who believe bitcoin will be 50-100k this year.

[TheGrinch]

[Mr Anabolic]

Exactly. Yet Mr A thinks it’s all an illusion

Your brain is an illusion.

[Zillotch]

Your brain is an illusion.

your brain... is superior to, a quantum computer

[JAGO]

https://bitcoinist.com/impossible-close-exchanges-say-south-korean-regulators/

Contrary to multiple fearmongering reports on mainstream news sites, including Reuters, Bloomberg, and CNBC, South Korea will not close crypto exchanges. In fact, according to the chairman of the South Korean Fair Trade Commission, Kim Sang-jo, closing exchanges is “impossible in reality.” It was reported earlier today that he said this in a CBS radio interview.

Bitcoin is still over 11k that article of yours is inaccurate.

Regarding Russia:

https://www.financemagnates.com/cryptocurrency/news/draft-russian-crypto-bill-legalize-trading-approved-exchanges/

[polychronopolous]

Where does JAGO see the price going in 3 days?

Kind of chickenshit to dig back on a persons post days after the fact.

It's like going out and picking up the monday morning paper and talking trash about all the pre-game sunday predictions.

[JAGO]

How the fuck do I know. I posted that because someone said the article I posted was inaccurate. Just posted a supporting graphic. John McAfee is heavily invested . . . he's a big shooter, a fucken genius. The Winklevoss girls are just opportunists and have lost close to a billion ( some say $600,000,000 each.)

I use bitcoin to buy goods and services from vendors off of the " Dark Web " however I am not invested. If they drop to a thousand, I'll get 5 or 10 depending how I am fixed with savings at that point.

J

[polychronopolous]

How the fuck do I know. I posted that because someone said the article I posted was inaccurate. Just posted a supporting graphic. John McAfee is heavily invested . . . he's a big shooter, a fucken genius. The Winklevoss girls are just opportunists and have lost close to a billion ( some say $600,000,000 each.)

I use bitcoin to buy goods and services from vendors off of the " Dark Web " however I am not invested. If they drop to a thousand, I'll get 5 or 10 depending how I am fixed with savings at that point.

J

If it dips to 8k I am thinking about about buying myself.

Still holding strong onto my Ethereum purchase back in November ($370)

[Mr Anabolic]

How the fuck do I know. I posted that because someone said the article I posted was inaccurate. Just posted a supporting graphic. John McAfee is heavily invested . . . he's a big shooter, a fucken genius. The Winklevoss girls are just opportunists and have lost close to a billion ( some say $600,000,000 each.)

I use bitcoin to buy goods and services from vendors off of the " Dark Web " however I am not invested. If they drop to a thousand, I'll get 5 or 10 depending how I am fixed with savings at that point.

J

The Twinkletoe twins are pumptards.  They deserve to lose ALL their money.

I look forward to watching McAfee eat his dick.

[JAGO]

The Twinkletoe twins are pumptards.  They deserve to lose ALL their money.

I look forward to watching McAfee eat his dick.

I have every confidence that you'd enjoy watching a guy with a dick in his mouth.

J

[polychronopolous]

The Twinkletoe twins are pumptards.  They deserve to lose ALL their money.

I look forward to watching McAfee eat his dick.

Does bitcoin ultimately go to 0, Mr. Anabolic?

[Mr Anabolic]

Does bitcoin ultimately go to 0, Mr. Anabolic?

Not in the short term it won't.  Price predictions and timing is very difficult with irrational manias and bubbles, but you can clearly see that the air coming out.  I believe the blipcoin whales are buying dips to prevent the price from dropping below $10K.  If you notice though, the big selloffs are not as aggressively bought as they were in the past.

Governments are starting to crack down.  The SEC is starting to get involved.  When TPTB enact drastic laws as I predicted, they could go to 0 pretty quickly.  Once 'Fedcoin' comes out, all non-official cryptos will be deemed illegal/worthless.  

[Mr Anabolic]

I have every confidence that you'd enjoy watching a guy with a dick in his mouth.
J

3rd grade humor.  McAfee said it, not me.

[Zillotch]

blockchain will invade every aspect of your life.. avoid it, if u can